was adopted in 1990 by the SEC to attract foreign issuers to U.
In a Rule 144A
offering, an investment bank or syndicate of investment banks purchases the securities from the company and then resells the securities to investors at a higher price.
Securities issued under Rule 144A
do not have to file a public registration statement with the Securities and Exchange Commission, but can be sold only to qualified financial institutions.
Finally, the study analyzes some recent occurrences affecting the market, including a credit crunch in the below-investment-grade segment, the adoption of Rule 144A
by the Securities and Exchange Commission, and the changing role of commercial banks.
But the ultimate impact of Rule 144A
on private placement issuers is unclear as yet.
today announced that it has launched Best Markets[TM] in the United States -- a new private placement platform for common equity offerings by private companies under Rule 144A
of the US Securities Act.
Common Code: 023640376, Rule 144A
ISIN: US84359UAA25, Reg S Common
The notes will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and are being offered only to qualified institutional buyers in reliance on Rule 144A
under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act.
This offering was done in a Rule 144A
offering with registration rights.
75% Convertible Senior Notes due 2012 (the "Notes") to qualified institutional buyers in accordance with Rule 144A
under the Securities Act of 1933 (the "Securities Act").
According to Thomson Financial Securities Data (TFSD), a Newark, New Jersey-based provider of financing and merger information, issuers of equity offerings, high yield debt and public and Rule 144a
debt choose Cleary, Gottlieb, Steen & Hamilton as their preferred counsel while managers of such deals divided their assignments to various law firms.
Borland Software Corporation (NASDAQ:BORL) (the "Company") announced today that, subject to market and other conditions, it intends to offer $125 million of Convertible Senior Notes due 2012 to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933.