Tender offer

Charter Announces Amended Tender Offer for Debt Securities

Retrieved on: 
木曜日, 5月 9, 2024
Settlement date, Trustee, CHTR, Charter Communications, AT1, Tender offer, Morgan Stanley, Charter, CUSIP, Tender, The Company, Note

Except as stated in this press release, no other terms of the Tender Offer have changed.

Key Points: 
  • Except as stated in this press release, no other terms of the Tender Offer have changed.
  • Morgan Stanley & Co. LLC is serving as the Dealer Manager for the Tender Offer.
  • The Tender Offer is made only by the Offer to Purchase and the information in this press release is qualified by reference to that Offer to Purchase.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

Charter Announces Tender Offer for Debt Securities

Retrieved on: 
木曜日, 5月 9, 2024
Withdrawal, Total, Date, Base, Treasury, Settlement date, Trustee, Tender offer, Morgan Stanley, Expiration, Tender, Interest, Cryptocurrency

The "Base Offer Consideration" will equal the Total Offer Consideration minus the Early Tender Premium.

Key Points: 
  • The "Base Offer Consideration" will equal the Total Offer Consideration minus the Early Tender Premium.
  • Holders of Notes subject to the Tender Offer who validly tender their Notes on or before the Early Tender Time may not withdraw their Notes after the Withdrawal Deadline, except in the limited circumstances described in the Offer to Purchase.
  • The Tender Offer is not conditioned upon any minimum amount of Notes being tendered, and the Tender Offer may be amended, extended or terminated.
  • Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Tender Offer.

SuRo Capital Corp. Reports First Quarter 2024 Financial Results

Retrieved on: 
水曜日, 5月 8, 2024
International, Webcast, Share repurchase, Tender offer, Dutch auction, Gaya confederacy, United States Treasury security, Cryptocurrency

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the quarter ended March 31, 2024. Net assets totaled approximately $181.7 million, or $7.17 per share, at March 31, 2024, as compared to $7.99 per share at December 31, 2023 and $7.59 per share at March 31, 2023.

Key Points: 
  • Weighted-average common basic shares outstanding were approximately 25.4 million and 28.4 million for the quarters ended March 31, 2024 and 2023, respectively.
  • As of March 31, 2024, there were 25,353,284 shares of the Company’s common stock outstanding.
  • The dollar value of shares that may yet be purchased by SuRo Capital under the Share Repurchase Program is approximately $20.7 million.
  • ET) on May 15, 2024 by dialing 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 6890583.

Eaton Vance Municipal Bond Fund Announces Firm and Conditional Tender Offers

Retrieved on: 
月曜日, 5月 6, 2024
Banking, Other Professional Services, Professional Services, Finance, Trigger, Tender offer, NAV, EIM, Fund, Cryptocurrency

The pricing date is also expected to be July 9, 2024, unless the Firm Tender Offer is extended.

Key Points: 
  • The pricing date is also expected to be July 9, 2024, unless the Firm Tender Offer is extended.
  • The Board also authorized the Fund to conduct two conditional cash tender offers to follow the Firm Tender Offer, provided certain conditions are met.
  • Specifically, on the date of the close of the Firm Tender Offer, the Fund will announce via press release the commencement of a four-month period.
  • If, during such period, the Fund’s common shares trade at an average discount to NAV of more than 7.5% (based upon the average of the difference between its volume-weighted average market price and NAV each business day during the period) (“Second Trigger Event”), the Fund will conduct an additional tender offer (the “Second Conditional Tender Offer” and, collectively with the Firm Tender Offer and the Initial Conditional Tender Offer, the “Tender Offers”) within 20 business days of the date on which the Second Trigger Event occurs.

BELLEVUE CAPITAL PARTNERS, LLC LAUNCHES TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP.

Retrieved on: 
火曜日, 5月 7, 2024
Letter, Tender offer, Cryptocurrency

NEW YORK, May 7, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today that it has launched a tender offer to purchase up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock at a price of $9.25 per share (the "Tender Offer"). The Tender Offer will close on July 5, 2024.

Key Points: 
  • NEW YORK, May 7, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today that it has launched a tender offer to purchase up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock at a price of $9.25 per share (the "Tender Offer").
  • The Tender Offer will close on July 5, 2024.
  • Bellevue further believes in the previously announced expanded investment strategy that ASIC is pursuing and in the long-term value of ASIC's common stock.
  • The Tender Offer will expire at 5:00 PM, New York City time, on July 5, 2024, unless extended or earlier terminated by Bellevue (the "Expiration Date").

BlackRock Municipal Income Fund, Inc. (MUI) Announces Tender Offer Contingent Upon Approval of Conversion of MUI to Unlisted Closed-End Interval Fund Structure

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金曜日, 5月 3, 2024
Professional Services, Finance, Sale, Agreement, Common, WILL, COMMON, RISKS, AS, Conversion, TIME, Tender offer, Fund, WHEN, FUND, BlackRock, Proxy, Person, MUI, Security (finance)

The Tender Offer and the Conversion are being proposed pursuant to an agreement (the “Agreement”) among the Fund, BlackRock and Karpus Management, Inc. (“Karpus”).

Key Points: 
  • The Tender Offer and the Conversion are being proposed pursuant to an agreement (the “Agreement”) among the Fund, BlackRock and Karpus Management, Inc. (“Karpus”).
  • Any offer to purchase Fund common shares will be made pursuant to an offer on Schedule TO.
  • The solicitation of proxies to effect the Conversion will only be made by either a definitive Proxy Statement or a definitive Proxy Statement/Prospectus.
  • This press release references a Proxy Statement and a Proxy Statement/Prospectus, to be filed by the Fund.

The University of Chicago Announces Commencement of Cash Tender Offers

Retrieved on: 
水曜日, 5月 1, 2024
University, Tender offer, Authority, RBC Capital Markets, Dealer, University of Chicago, Reference, Multimedia, CUSIP, Tender, Cryptocurrency

Each Tender Offer is conditioned upon satisfaction of certain conditions, but none of the Tender Offers is conditioned upon completion of any of the other Tender Offers.

Key Points: 
  • Each Tender Offer is conditioned upon satisfaction of certain conditions, but none of the Tender Offers is conditioned upon completion of any of the other Tender Offers.
  • In addition to the above mentioned Tender Offers, the University, on behalf of the Authority is also executing in parallel to this transaction a tender offer on select tax-exempt securities.
  • The University has retained RBC Capital Markets, LLC to act as the Dealer Manager in connection with the Tender Offers.
  • The Tender Offers are being made only by, and pursuant to the terms of, the Tender Offer Documents.

CONX Corp. Announces Final Tender Offer Results

Retrieved on: 
火曜日, 4月 30, 2024
Transfer, Sale, Common, Networking hardware, Expiration, Tender offer, Common stock

LITTLETON, Colo., April 29, 2024 /PRNewswire/ -- CONX Corp. (Nasdaq: CONX) (the "Company" or "CONX") announced today the final results of its previously announced tender offer (the "Tender Offer") to purchase up to 2,120,269 of its shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a purchase price of $10.598120 per share.

Key Points: 
  • LITTLETON, Colo., April 29, 2024 /PRNewswire/ -- CONX Corp. (Nasdaq: CONX) (the "Company" or "CONX") announced today the final results of its previously announced tender offer (the "Tender Offer") to purchase up to 2,120,269 of its shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a purchase price of $10.598120 per share.
  • The Tender Offer expired at 5:00 p.m. New York City time on April 29, 2024 (the "Expiration Date").
  • Based upon information provided by Continental Stock Transfer & Trust Company, the depositary for the Tender Offer, a total of 1,941,684 shares of Class A Common Stock were validly tendered and not properly withdrawn prior to the Expiration Date.
  • Such shares of Class A Common Stock represent approximately 91.6% of the Company's issued and outstanding shares of Class A Common Stock as of April 29, 2024.

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering

Retrieved on: 
木曜日, 5月 2, 2024
Debt-to-GDP ratio, Sale, Person, Security (finance), Issuer, Exercise, Hilton Hotels & Resorts, Tender offer, Legislation, Term loan, Regulation, CMBS

The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030.

Key Points: 
  • The Notes will pay interest semi-annually in arrears, at a rate of 7.000% per year, and will mature on February 1, 2030.
  • The Notes will be guaranteed by Park, PK Domestic REIT Inc. and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior notes.
  • The offering has been upsized from the previously announced amount of $450 million.
  • The Issuers anticipate that consummation of the offering will occur on May 16, 2024, subject to customary closing conditions.

Park Hotels & Resorts Inc. Announces Tender Offer for Any and All of Its 7.500% Senior Notes Due 2025

Retrieved on: 
木曜日, 5月 2, 2024
Settlement date, Annual report, Security (finance), Issuer, Tender offer, Expiration, Wells Fargo, Tender

The Settlement Date is currently expected to be May 16, 2024, assuming all conditions to the Tender Offer have been satisfied or waived.

Key Points: 
  • The Settlement Date is currently expected to be May 16, 2024, assuming all conditions to the Tender Offer have been satisfied or waived.
  • The Issuers presently intend to redeem any Notes that remain outstanding after consummation of the Tender Offer, but are under no obligation to do so.
  • The Issuers are making the Tender Offer only by, and pursuant to, the terms of the Tender Offer Materials.
  • Holders of the Notes must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.