Capital Raising

Kimberly Redmond | |

Shake Shack Inc (NYSE: SHAK) announced the pricing of $225 million aggregate principal amount of zero coupon senior notes to expand its burger chain into new markets and remodel existing restaurants to better handle digital orders. The initial conversion rate is 5.8679 shares of Shake Shack’s Class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $170.42 per share, a conversion premium of about 45% over the closing price of $117.53 on The New York Stock Exchange on March 1, 2021.

Reuters | |

Instacart has more than doubled its valuation in less than six months to $39 billion with a $265 million fundraising round from existing investors, as the grocery delivery company benefits from a surge in online orders during the COVID-19 pandemic.

The San Francisco start-up, whose transaction volumes surged sixfold last year as doorstep delivery boomed during lockdowns, said on Tuesday it plans to use part of the new funds to increase its corporate headcount by an...

Kimberly Redmond | |

While entertainment venues continue to struggle due to the ongoing effects of the COVID-19 crisis, AMC Entertainment Holdings Inc has found a way to keep its theater chain afloat for a little while longer.

On Monday, the world’s largest theater chain announced that it raised $917 million in new equity and debt capital, funding that will allow the chain to keep functioning throughout most of 2021 and hopefully give theaters time to fully reopen.

Reuters | |

Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins.

The sector is ending its worst annual performance in years after putting aside record provisions due to COVID-19 while Beijing urged banks to sacrifice profits to help the economy.

Next year as lenders end pandemic-related loan forbearance - which let borrowers suspend repayments or pay less in interest - banks must bolster their capital against loans previously not classified as nonperforming.