Personal Information Agent

Five Point Holdings, LLC Announces Commencement of Exchange Offer and Consent Solicitation

Retrieved on: 
Lunedì, Dicembre 11, 2023

Eligible Holders tendering their Existing Notes in the Exchange Offer must also deliver their Consent to the Proposed Amendments and Eligible Holders delivering their Consents with respect to the Solicitation must also tender their Existing Notes in the Exchange Offer.

Key Points: 
  • Eligible Holders tendering their Existing Notes in the Exchange Offer must also deliver their Consent to the Proposed Amendments and Eligible Holders delivering their Consents with respect to the Solicitation must also tender their Existing Notes in the Exchange Offer.
  • Interest will cease to accrue on the Settlement Date for all Existing Notes accepted for exchange in the Exchange Offer.
  • The Company will not receive any cash proceeds from the issuance of the New Notes in the Exchange Offer and the Solicitation.
  • Existing Notes surrendered in connection with the Exchange Offer, and accepted for exchange, will be cancelled.

Synovus announces expiration and final tender results of its previously announced tender offer

Retrieved on: 
Lunedì, Dicembre 4, 2023

Synovus Financial Corp. (NYSE: SNV) announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”).

Key Points: 
  • Synovus Financial Corp. (NYSE: SNV) announced today the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) to purchase up to $150 million in aggregate principal amount of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due Feb. 7, 2029 (the “2029 notes”).
  • Copies of the Offer to Purchase may be obtained upon request by contacting the tender agent and information agent for the Tender Offer (the “Tender Agent” and “Information Agent”) for the Tender Offer, D.F.
  • None of Synovus, the Dealer Manager, the Tender and Information Agent or any of their respective affiliates makes any recommendation as to whether holders of the 2029 notes should tender their 2029 notes pursuant to the Tender Offer.
  • Holders must make their own decision as to whether to tender their 2029 notes and, if so, the principal amount of the 2029 notes to tender.

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers

Retrieved on: 
Giovedì, Novembre 30, 2023

The settlement date of the Exchange Offers and Consent Solicitations (the “Settlement Date”) is expected to occur on or about December 4, 2023.

Key Points: 
  • The settlement date of the Exchange Offers and Consent Solicitations (the “Settlement Date”) is expected to occur on or about December 4, 2023.
  • Each series of New Notes will have substantially identical interest rate, interest payment dates, maturity date and redemption terms as the corresponding series of HEP Notes.
  • The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Exchange Offer Memorandum.
  • Questions concerning the terms of the Exchange Offers or the Consent Solicitations should be directed to the lead dealer managers for the Exchange Offers and the solicitation agents for the Consent Solicitations:

NRG Energy, Inc. Announces Early Results of its Cash Tender Offers

Retrieved on: 
Venerdì, Novembre 24, 2023

Although the Tenders Offers are scheduled to expire at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Date”), because the Tender Offer was fully subscribed as of the Early Tender Date, NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date.

Key Points: 
  • Although the Tenders Offers are scheduled to expire at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Date”), because the Tender Offer was fully subscribed as of the Early Tender Date, NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date.
  • NRG’s obligation to purchase Notes in the Tender Offer is conditioned on the satisfaction or waiver of a number of conditions as described in the Offer to Purchase.
  • NRG has engaged BMO Capital Markets Corp. and Credit Agricole Securities (USA) Inc. as joint lead dealer managers for the Tender Offers.
  • NRG is making the Tender Offer only in those jurisdictions where it is legal to do so.

AIG Announces Reference Yields and Total Consideration for its Tender Offer for Debt Securities

Retrieved on: 
Martedì, Novembre 21, 2023

As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points: 
  • As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
  • In addition, holders whose Securities are accepted will also receive Accrued Interest (as defined below) on such Securities.
  • The early participation date for the Tender Offer was 5:00 p.m. (New York City time), on November 20, 2023 (the “Early Participation Date”).
  • AIG will not accept for purchase any other Securities tendered in the Tender Offer.

NRG Energy, Inc. Announces Extension of Early Tender Date and an Increase to the Maximum Tender Amount Relating to its Tender Offers

Retrieved on: 
Lunedì, Novembre 20, 2023

The Tender Offer is being made pursuant to the Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”).

Key Points: 
  • The Tender Offer is being made pursuant to the Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”).
  • NRG is extending the previously announced early tender date of 5:00 p.m., New York City time, on November 20, 2023 to 5:00 p.m., New York City time, on November 22, 2023 (such extended time and date, the “Extended Early Tender Date”).
  • NRG also announced that it has increased the Maximum Tender Amount from $600 million to $620 million (the “Increased Maximum Tender Amount”).
  • Except for the changes with respect to the Extended Early Tender Date, the Extended Withdrawal Date, and the Increased Maximum Tender Amount, there are no other modifications being made with respect to the Tender Offer as set forth in the Offer to Purchase.

AIG Announces Early Results and Upsizing of Its Tender Offer for Debt Securities

Retrieved on: 
Martedì, Novembre 21, 2023

(1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points: 
  • (1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
  • Pursuant to the terms of the Tender Offer, AIG will accept for payment up to the Tender Cap Securities validly tendered and not validly withdrawn as shown in the table above and in accordance with the Acceptance Priority Levels.
  • Because the aggregate purchase price of the Securities validly tendered at or prior to the Early Participation Date exceeds the Tender Cap, AIG does not expect to accept any further tenders of Securities.
  • Securities that have been validly tendered and not validly withdrawn at or before the Early Participation Date and are accepted in the Tender Offer will be purchased, retired and canceled by AIG on the Early Settlement Date.

Synovus announces early tender results in connection with previously announced tender offer and extends early tender payment to apply through expiration time

Retrieved on: 
Giovedì, Novembre 16, 2023

As of the Early Tender Time, $82,382,000 aggregate principal amount of the 2029 notes had been validly tendered and not validly withdrawn.

Key Points: 
  • As of the Early Tender Time, $82,382,000 aggregate principal amount of the 2029 notes had been validly tendered and not validly withdrawn.
  • Payment for all 2029 notes validly tendered after the Early Tender Time and accepted for purchase will be made promptly after the Expiration Time.
  • None of Synovus, the Dealer Manager, the Tender and Information Agent or any of their respective affiliates makes any recommendation as to whether holders of the 2029 notes should tender their 2029 notes pursuant to the Tender Offer.
  • Holders must make their own decision as to whether to tender their 2029 notes and, if so, the principal amount of the 2029 notes to tender.

BBX Capital Announces Intention to Commence a Cash Tender Offer for Shares of its Class A Common Stock

Retrieved on: 
Mercoledì, Novembre 15, 2023

If more than 500,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, the Company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.

Key Points: 
  • If more than 500,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, the Company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • The terms and conditions of the tender offer will be described in an offer to purchase and related letter of transmittal that will be mailed to the Company’s shareholders shortly after commencement of the tender offer.
  • None of the Company or its Board of Directors, the Information Agent for the tender offer or the Depositary for the tender offer will make any recommendation to shareholders as to whether to tender or refrain from tendering their shares in the tender offer.
  • If the tender offer is commenced, the Company will also file a Tender Offer Statement on Schedule TO (the “Tender Offer Statement”) with the Securities and Exchange Commission (the “SEC”), which will include as exhibits, among other things, the offer to purchase and related letter of transmittal and other tender offer materials.

SEE Announces the Total Consideration for Its Offer to Purchase 5.125% Notes Due 2024

Retrieved on: 
Mercoledì, Novembre 15, 2023

Global Bondholder Services Corporation has been retained to serve as both the depositary and the information agent (the “Depositary and Information Agent”) for the Tender Offer.

Key Points: 
  • Global Bondholder Services Corporation has been retained to serve as both the depositary and the information agent (the “Depositary and Information Agent”) for the Tender Offer.
  • For additional information regarding the terms of the Tender Offer, please contact: BofA Securities, Inc. at (888) 292-0070 (toll free) or (980) 683-5454 (collect).
  • The Tender Offer is being made solely pursuant to the Offer Documents, which set forth the complete terms and conditions of the Tender Offer.
  • Holders must make their own decisions as to whether to tender their Notes and, if so, the principal amount of Notes to tender.