Five Companies Detail Stock Offerings

   By Nathalie Tadena 
 

Five companies across a range of industries detailed plans late Wednesday to offer common stock.

Ascent Solar Technologies Inc. (ASTI) said it plans to offer common stock, but didn't detail how many shares it would offer. The maker of photovoltaic modules plans to use proceeds for general corporate purposes. The company had 41.3 million shares outstanding as of July 26. Shares fell 4.8% to $1.60 after hours.

Horizon Pharma Inc. (HZNP) intends to offer units, consisting of common stock and a warrant to purchase 0.5 of a share of common stock. The biopharmaceutical company didn't detail how many units it plans to offer. It plans to use proceeds primarily to fund commercialization activities for its Duexis and Rayos drugs in the U.S. and for other general corporate purposes. The company had 33.8 million shares outstanding as of Aug. 7. Shares were off 6.3% to $4.29 after hours.

Cheniere Energy Partners LP (CQP) is launching an offering of eight million common units representing limited partner interests. The limited partnership plans to use proceeds to pay down debt and for general business purposes. Cheniere Energy had 31.5 million common units outstanding as of Aug. 2. Units slipped 5.1% to $24.92 after hours.

Simon Property Group Inc. (SPG) said its stockholder Melvin Simon Family Enterprises Trust is offering about 5.9 million shares, representing its entire direct-ownership stake in the company and its operating partnership. The trust has a 1.9% ownership stake, according to a regulatory filing. Simon Property, the largest mall owner in the U.S., had 309.2 million shares outstanding as of Sept. 19. Shares slid 1.4% to $158.50 after hours.

THL Credit Inc. (TCRD) unveiled plans to offer 5.3 million shares as the investment company looks to raise funds to repay debt and for general corporate purposes. The company had 20.2 million shares outstanding as of July 30. Shares closed at $14.64 and were unchanged after hours.

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