Each one in plain English, with the numbers worked through for a shareholder.
21 Jan 2010debt financing● NeutralMajor
Harvest announced an offer to purchase its outstanding debentures and senior notes, and confirmed its directors and executive management, in a January 20, 2010 news release. This follows the arrangement with Korea National Oil Corporation approved in December 2009 (the link is an inference from timing). The cover form gives no price, amounts or names.
Harvest filed the materials for a December 15, 2009 special meeting of securityholders on a plan of arrangement, with news releases announcing the meeting results and court approval on December 16, 2009 for the planned arrangement with Korea National Oil Corporation. The cover form does not give the price or what unitholders receive, so their outcome is not yet clear from this filing.
Harvest filed consent letters and regulatory decision documents, plus a June 4, 2009 news release announcing the closing of a previously announced trust unit financing. This completes the offering whose prospectus was filed in May. The cover form gives no amount raised.
Harvest filed a preliminary short form prospectus and an underwriting agreement, the first step of a new securities offering in May 2009. The cover form gives no size, price or security type. The June 5, 2009 filing describes it as a trust unit financing.
Harvest announced a normal course issuer bid, which lets it buy back its own trust units and convertible debentures. The cover form lists only the news release headline and gives no number of securities, price or time period.
Harvest filed documents including an April 25, 2008 news release announcing the closing of the C$250 million convertible debenture financing, which completes the offering announced in April. It also lists first quarter 2008 results with a continued C$0.30 monthly distribution and amendments to long term incentive plans.
Harvest filed supporting paperwork for the April 2008 debenture offering, including the final short form prospectus filed April 18, 2008, an undertaking to file a material contract and expert consent letters. It adds no new terms or figures.
Harvest announced a C$250 million convertible debenture financing in an April 7, 2008 news release. This adds new debt that can be converted into trust units, which could dilute unitholders if converted. The cover form does not give the interest rate or conversion price.
Harvest filed a cover form listing documents for a trust unit financing announced May 9, 2007, including a final short form prospectus and a June 1, 2007 news release announcing the financing has closed. The cover form gives no size or price. This completes the financing announced in May.
Harvest filed a cover form listing a January 10, 2007 news release on first quarter 2007 distributions and a January 11, 2007 news release announcing a trust unit and convertible debenture financing. The cover form gives no amounts or terms for either.
Harvest filed its Business Acquisition Report (first filed December 11, 2006) covering the acquisition of North Atlantic and the related refining and marketing businesses. This appears to be the deal the late-2006 bridge credit and the trust unit and debenture financing were connected to (an inference from timing, not stated in the filing). The cover form gives no price or other deal terms.
Harvest filed a cover form listing documents already released in November 2006: third quarter 2006 results, a final short form prospectus, an underwriting agreement, a $450,000,000 bridge credit agreement and an amended and restated credit agreement. A November 9 news release is described as announcing amended terms to a previously announced trust unit and convertible debenture financing. The listing gives no amounts or terms for the financing itself.