Avantor® Declares Dividend on Mandatory Convertible Preferred Stock
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RADNOR, Pa., April 21, 2021 /PRNewswire/ Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies and applied materials industries, announced today that its Board of Directors has declared a quarterly cash dividend to holders of its 6.250% Series A Mandatory Convertible Preferred Stock of $0.78 per share at a rate per share of 1.560%, payable on May 17, 2021 to holders of record on April 1, 2021.
About Avantor
Avantor
®, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the
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MERRILLVILLE, Ind., April 14, 2021 /PRNewswire/ NiSource Inc. (NYSE: NI) ( NiSource ) today announced that it has priced its offering of 7,500,000 Series A Equity Units ( Equity Units ), initially consisting of 7,500,000 Series A Corporate Units ( Corporate Units ), each with a stated amount of $100. NiSource has granted to the underwriters an option to purchase up to an additional 1,125,000 Corporate Units to cover over-allotments. The offering is expected to close on April 19, 2021.
Each Corporate Unit consists of a contract to purchase shares of NiSource common stock (the Common Stock ) in the future and a 1/10th, or 10%, undivided beneficial ownership interest in one share of NiSource Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the Mandatory Convertible Preferred Stock ). Total annual distributions on the Corporate Units will be 7.75%, consisting of the c
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/PRNewswire/ NiSource Inc. (NYSE: NI) ("NiSource") announced today its intention to offer to sell, subject to market and other conditions, 7,500,000 Equity.
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