INNOVATE Corp. 7.5% 01-AUG-2026INNOVATE Corp. 7.5% 01-AUG-2026INNOVATE Corp. 7.5% 01-AUG-2026

INNOVATE Corp. 7.5% 01-AUG-2026

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Key terms


Outstanding amount
‪49.76 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
7.50% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
111.51%
Maturity date
Aug 1, 2026
Term to maturity
1 year

About INNOVATE Corp. 7.5% 01-AUG-2026


Sector
Industrial Services
Industry
Engineering & Construction
Issue date
Feb 1, 2021
FIGI
BBG00Z49L0D0
INNOVATE Corp. is a diversified holding company, which engages in the acquisition and investment of assets. It operates through the following segments: Infrastructure, Life Sciences, Spectrum, and Other. The Infrastructure segment consists of DBM Global Inc. and its wholly owned subsidiaries. DBMG is a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services. The Life Sciences segment refers to Pansend Life Sciences LLC, its subsidiaries, and its equity investments. The Spectrum segment focuses on HC2 Broadcasting Holdings Inc. and its subsidiaries. The Other segment represents all other businesses or investments that do not meet the definition of a segment individually or in aggregate. The company was founded in 1994 and is headquartered in New York, NY.
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