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ALIN-E Altera Infrastructure L.P. 8.875% Series E Fixed to Floating Preferred

In January 2018, the Partnership issued 4.8 million 8.875% Series E Preferred Units in a public offering for net proceeds of $116.0 million. Pursuant to the partnership agreement, distributions on the Series E Preferred Units to preferred unitholders are cumulative from the date of original issue, payable quarterly in arrears, when, as and if declared by the board of directors of the general partner. Distributions are payable on the Series E Preferred Units (i) from and including the original issue date to, but excluding, February 15, 2025 at a fixed rate equal to 8.875% per annum of the stated liquidation preference of $25.00 per unit and (ii) from and including February 15, 2025, at a floating rate equal to three-month LIBOR plus 6.407%. This security was issued by an entity whose common stock is not publicly traded on a stock exchange.

$0.68  0.00 (0.00%)
As of 08/15/2022 00:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Energy
Index country:  Bermuda
Country of incorporation:  Marshall Islands
IPO date:  01/17/2018
Outstanding shares:  4,800,000
Average volume:  958
Market cap:   $15,360,000
Current dividend yield:  69.34%    calculation
Initial coupon rate:    8.875%
Spread to LIBOR: 0.064070
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   01/01/1900
Maturity date:    n/a - perpetual
All SEC filings:   SEC Edgar Online
Annual filings:      20-F
Sedol:      BLG5C10

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