Growth Capitalist (https://growthcapitalist.com/tag/equity-linked-debt/page/9/)
Cosi, Inc. (COSI) announced that it has raised $5,000,000 in a Non-Convertible Senior Secured Promissory Notes transaction. The securities accrue interest at a rate of 9%. A series of 1,100,000 36-Month Warrants with an exercise price of $0.01 per share (99.16% discount) was issued to the investors in this transaction. The investor was Milfam II, L.P.. Investor counsel was Andrews Kurth LLP.
Rentech, Inc. (RTK) announced that it has raised $50,000,000 in a Non-Convertible Term Notes transaction. Credit Suisse Securities (USA) LLC acted as Financial Advisor on the transaction. The investor was GSO Capital Partners LP. Issuer counsels were Holland & Hart and Latham & Watkins. The transaction closed on April 09, 2014.
Navidea Biopharmaceuticals Inc. (NAVB) announced that it has raised $30,000,000 in a Non-Convertible Notes transaction. The securities accrue interest at a rate of 8.5%. A series of 391,000 Warrants with an exercise price of $1.92 per share (3.78% premium) was issued to the investor in this transaction. The investor was Oxford Finance Corporation. The transaction closed on March 04, 2014.
MeeMee Media, Inc. (MEME) announced that it has raised $1,000,000 in a Non-Convertible Secured Promissory Notes transaction. The securities accrue interest at a rate of 12%. A series of 3,000,000 60-Month Warrants with an exercise price of $0.50 per share (15.11% discount) was issued to the investors in this transaction. The investor was KF Business Ventures LP. The transaction closed on February 12, 2014.
