US-based oil and natural gas company Southwestern Energy has become the first American company to complete a simultaneous deal in the y-t-d. On January 14, the firm issued a simultaneous follow-on and a convertible offering to raise USD1.8bn from investors. Bank of America, Citigroup, J.P. Morgan and Wells Fargo served as bookrunners on both transactions.
With medium-term growth projections for the US healthcare sector strengthening, opportunistic equity capital market (ecm) investors are accepting their invite to enter the market where they can. And so far in 2015, that entry point is via share sales in healthcare firms.
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