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Planet Labs PBC | 6.25% Subordinated Debentures due 2042 (PL.PRC)
Prospectus excerpt: This is an offering by Protective Life Corporation of $250,000,000 of its 6.25% Subordinated Debentures due 2042, which we refer to as the "Debentures" in this prospectus supplement and as "subordinated debt securities" in the accompanying base prospectus. The Debentures are unsecured, subordinated debt instruments issued by Protective Life Corporation under a subordinated indenture. The Debentures will bear interest at the rate of 6.25% per year, payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, commencing on August 15, 2012. So long as no event of default with respect to the Debentures has occurred and is continuing, we have the right, on one or more occasions, to defer the payment of interest on the Debentures as described in this prospectus supplement for up to five consecutive years without giving rise to an event of default. Deferred interest will accumulate additional interest at an annual rate equal to the annual interest rate then applicable to the Debentures, compounded quarterly. The Debentures will be issued in denominations of $25 and integral multiples of $25 in excess thereof. The Debentures will mature on May 15, 2042 (or if such day is not a business day, the following business day). We may redeem the Debentures, in whole but not in part, at any time prior to May 15, 2017, within 90 days of the occurrence of a "tax event" at a redemption price equal to $26 per $25 in principal amount of Debentures being redeemed, plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the date of redemption. On or after May 15, 2017, we may redeem the Debentures, in whole or in part, at their principal amount plus accrued and unpaid interest (including compounded interest, if any) to, but excluding, the date of redemption. Full Prospectus PDF », Secondary Prospectus PDF », PL Page »
Alternate symbology: | PL-C, PL-PC, PLprC | Redeemable?: | Yes | Call Date: | 5/15/2017 (Now Trading Post Call Date) | Maturity Date: | 5/15/2042 | Cumulative?: | Yes | Shares Offered: | 10,000,000 | Overallotment: | 1,500,000 | Liquidation Preference: | $25.00 | Original Coupon: | 6.25% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
Learn PL.PRC's Rating
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Planet Labs designs, constructs, and launches satellites with the intent of providing geospatial data delivered to customers via an online platform. Co.'s platform includes imagery, insights, and machine learning. Co.'s satellite data and analytics reveal insights regarding a range of phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Co. serves customers across commercial and government verticals, including agriculture, mapping, forestry, finance and insurance, as well as federal, state, and local government bodies. Co.'s products serve a variety of diverse customer needs. Co. operates in the U.S., Canada, Asia and Europe. Preferreds: PL.PRB, PL.PRD, PL.PRC, PL.PRE Open the PL Information Page »
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Name: |
Planet Labs PBC |
Website: |
www.planet.com |
Sector: |
Aerospace & Defense |
Number of ETFs Holding PL: |
24 (see which ones) |
Total Market Value Held by ETFs: |
$43,325,157.14 |
Total Market Capitalization: |
$455,000,000 |
% of Market Cap. Held by ETFs: |
9.52% |
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