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Santa Maria Energy to raise $40M, go public

By   /  Thursday, December 5th, 2013  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria Energy to raise $40M, go public

Santa Maria Energy is going public and raising at least $40 million in new capital — and possibly much more – which could put the firm’s total funds raised at an estimated $90 million.

Santa Maria Energy’s contentious project to drill 136 new oil wells in North Santa Barbara County received approval from the Santa Barbara County Board of Supervisors last month. The Supervisors imposed strict limits on the project’s carbon emissions, essentially implementing a 10,000-ton-per-year cap and requiring the company to buy carbon credits if it goes over that limit.

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Moorpark mints new public company: PennyMac workforce in city reaches 1,000

By   /  Friday, May 17th, 2013  /  Banking & Finance, Banking Industry, Features, Personal Finance, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Moorpark mints new public company: PennyMac workforce in city reaches 1,000

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PennyMac prices IPO at $17 to $19

By   /  Tuesday, April 30th, 2013  /  Banking & Finance, Banking Industry, Latest news, Personal Finance  /  Comments Off on PennyMac prices IPO at $17 to $19

Moorpark-based PennyMac Financial Services has priced its initial public offering of stock at $17 to $19 per share, indicating plans to raise as much as $211.1 million in its launch on the New York Stock Exchange. PennyMac, headed by former Countrywide Financial Corp. President Stanford Kurland, employs more than 600 people in Moorpark and more Read More →

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PennyMac jobs top 600 as firm files for IPO

By   /  Friday, February 15th, 2013  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on PennyMac jobs top 600 as firm files for IPO

Moorpark-based PennyMac Financial Services has filed papers for a $287.5 million initial public offering on the New York Stock Exchange. The venture was founded in 2008 by Stanford Kurland, the former No. 2 executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. Moorpark Community Development Director David Read More →

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Moorpark mortgage firm files for $287.5M IPO

By   /  Monday, February 11th, 2013  /  Banking & Finance, Latest news  /  Comments Off on Moorpark mortgage firm files for $287.5M IPO

Moorpark-based financial services company PennyMac has filed papers for a $287.5 million initial public offering of its stock on the New York Stock Exchange. The venture was founded in 2008 by a former top executive at Countrywide Financial Corp., the defunct subprime mortgage lender at the heart of the financial crisis. In July 2011, PennyMac Read More →

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CKE chief: Corn, Obamacare scuttled IPO

By   /  Friday, August 17th, 2012  /  Banking & Finance, Top Stories, Tri-County Economy, Tri-County Public Companies  /  1 Comment

CKE Restaurants has pulled the plug on a deal that would have made it a public company again and raised as much as $213.3 million for the Carpinteria-based fast-food operator. All sides agree investors ultimately balked because of bad timing. But analysts also lay part of the blame on the heavy debt load CKE incurred Read More →

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$135M could have Sonos singing different tune

By   /  Friday, June 29th, 2012  /  Banking & Finance, Technology, Top Stories  /  Comments Off on $135M could have Sonos singing different tune

Santa Barbara-based wireless music gear maker Sonos has raised $135 million in new capital, the largest funding deal in the Tri-Counties so far this year and possibly a substitute for an initial public offering. Kohlberg Kravis Roberts, a private equity firm, led the funding round and was joined by Redpoint Ventures and investors associated with Read More →

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