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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Citigroup Inc | NYSE:C | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.81 | 1.31% | 62.60 | 63.225 | 61.51 | 61.57 | 16,358,992 | 00:56:18 |
From Apr 2019 to Apr 2024
By WSJ Staff
Fiat Chrysler Automobiles NV said it priced an offering of 87 million common shares at $11 apiece.
The auto maker's shares closed at $11.47 on Wednesday in New York.
Fiat Chrysler's moves are aimed at raising fresh capital to pay down debt and bankroll a costly new-model development plan.
Underwriters in the offering have the option to purchase up to an additional 13 million common shares from the company, Fiat Chrysler said in a statement.
The auto maker also said late Wednesday it priced an offering of $2.5 billion in mandatory convertible securities due 2016. The securities will pay a coupon of 7.875% annually, Fiat Chrysler said.
The underwriters in this offering have the option to purchase up to an additional $375 million of the securities, the company said.
Fiat Chrysler said that it intends to use the net proceeds from the two offerings for general corporate purposes.
J.P. Morgan, Goldman Sachs, Barclays, UBS, Citigroup, BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers of the share offering, Fiat Chrysler said.
Goldman Sachs, J.P. Morgan, Barclays, UBS, Citigroup, BofA Merrill Lynch and Morgan Stanley are acting as joint book-running managers of the securities offering, the auto maker said.
The offerings follow Fiat Chrysler's listing on the New York Stock Exchange in October and are part of a broader capital-raising effort that includes an initial public offering of luxury sports car maker Ferrari next year.
Christina Rogers contributed to this article
Write to copydesk@dowjones.com
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