Examples of Series A Convertible Preferred Units in a sentence
AMID acquired the High Point System from an ArcLight affiliate in exchange for $15.0 million plus the issuance of Series A Convertible Preferred Units with a related value of $90.0 million.
The Series A Convertible Preferred Units are convertible at a current conversion rate of 1.1153, which is readjusted quarterly.
Percentage calculation based on (a) 33,960,946 common units outstanding as of September 20, 2022 as stated in the Issuer’s proxy statement for annual meeting of limited partners as filed on a Form 6-K with the Securities and Exchange Commission on September 26, 2022 and (b) 2,083,333 Series A Convertible Preferred Units outstanding (multiplied by the conversion rate) and held by OMP AY Preferred Limited.
On an as-converted basis, such Series A Convertible Preferred Units would represent approximately 16.5% of the outstanding Common Units of the Issuer.
Series A Convertible Preferred Units On June 30, 2017, the Partnership (i) issued and sold in a second private placement 1,666,667 additional Series A Preferred Units at a price of$24.00 per unit and (ii) amended and restated its partnership agreement to make certain amendments to the terms of the Series A Preferred Units, including the 2,083,333 Series A Preferred Units issued on February 2, 2017.