20 May '12, 7pm

A123’s $50M Debt Desperation Play: A123 may have solved its short-term financial problems by raising $50 milli...

A123 may have solved its short-term financial problems by raising $50 million in debt on Saturday . But the price of saving the beleaguered lithium-ion battery maker’s immediate concerns could lead to a “death by a thousand cuts” to its share price and long-term viability. That’s what some analysts are saying about A123’s weekend announcement of a private offering of $50 million in senior unsecured convertible notes and warrants for institutional buyers. The notes carry 6 percent interest and, while they mature in July 2013, they come with bi-weekly payments that can come in cash or in shares of A123 stock, up to $25 million of the total. A123 said early last week that it would seek the debt financing to help mitigate the crisis caused by its major recall of batteries from its Livonia, Mich. facility, the recipient of $249 million in federal loan guarantees and $100 millio...

Full article: http://www.greentechmedia.com/articles/read/a123s-50m-deb...

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Blogging – what this term is all about?

atniz.com 22 May '12, 8pm

Almost everyone knows about blogging living in today’s society. Everything is getting online therefore so many new blogs k...