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Silver Wheaton financing transaction gets lukewarm response from analysts

Posted on June 25, 2008

Silver Wheaton Corp.'s latest financing transaction is receiving mildly positively reviews from the Street. On Tuesday, Silver Wheaton announced that they will raise up to $136-million by proposing the early exercise of its First and Series A warrants. As an incentive, it will be offer holders that exercise during the early exercise period a partial New warrant for each warrant converted. The company also said it has increased its revolving debt facility by $100-million to $400-million. UBS analyst Brian MacArthur lowered slightly his earnings estimates in light of the transaction, but mai...

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analyst , earnings , eps , markets , outperform
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