Issuer | Jotup

KBRA Assigns AA+ Rating, Stable Outlook to Triborough Bridge and Tunnel Authority Payroll Mobility Tax Senior Lien Refunding Green Bonds, Series 2024C (Climate Bond Certified)

Retrieved on:

fredag, juni 14, 2024

Professional Services, Finance, European, MTA, Issuer, ABT, Outlook, Robert F. Kennedy Bridge, ATA, Parity, Finance Secretary (India), MADS, KBRA, TBTA, Jules Kroll, AA, PMT, Green bond, Security (finance)

KBRA has assigned a long-term rating of AA+ to the Triborough Bridge and Tunnel Authority's ("TBTA's") Payroll Mobility Tax ("PMT") Senior Lien Refunding Green Bonds, Series 2024C (Climate Bond Certified).

Key Points:

KBRA has assigned a long-term rating of AA+ to the Triborough Bridge and Tunnel Authority's ("TBTA's") Payroll Mobility Tax ("PMT") Senior Lien Refunding Green Bonds, Series 2024C (Climate Bond Certified).
Concurrently, KBRA affirms the AA+ rating and Stable Outlook on parity TBTA PMT Senior Lien Bonds and affirms the short-term ratings of K1+ on TBTA PMT Bond Anticipation Notes and K1+ on MTA PMT Bond Anticipation Notes.
Mobility Tax and ATA Receipts are derived from a broad, diverse, and resilient employment base.
Senior lien PMT obligations benefit from a 2.25x ABT based on historical pledged revenues and pro-forma MADS.

Acrisure Announces Early Results of and Total Consideration for its Cash Tender Offer and Related Consent Solicitations for its Outstanding 10.125% Senior Notes due 2026

Retrieved on:

lördag, juni 15, 2024

Professional Services, Insurance, Finance, Treasury, Information, Acrisure, Settlement date, Tender offer, Solicitation, Participation, Issuer, Settlement, Date, Tender, Consent, Security (finance)

The Total Consideration is inclusive of the applicable Early Participation Payment specified for the Notes in the table above (the “Early Participation Payment”).

Key Points:

The Total Consideration is inclusive of the applicable Early Participation Payment specified for the Notes in the table above (the “Early Participation Payment”).
We refer to the Early Settlement Date and the Final Settlement Date as the “Settlement Date,” as applicable.
Acrisure has engaged Morgan Stanley & Co. LLC as the “Dealer Manager and Solicitation Agent” for the Tender Offer and Consent Solicitation.
Please direct questions regarding the Tender Offer to Morgan Stanley & Co. LLC at (800) 624-1808 (toll-free) or (212) 761-1057 (collect for banks and brokers).

Crescent Energy Announces Pricing of $750 Million Private Placement of 7.375% Senior Notes Due 2033

Retrieved on:

torsdag, juni 13, 2024

Energy, Other Energy, Oil, Gas, Person, Issuer, Debt-to-GDP ratio, Note, Judgement, Regulation, Transaction, Security (finance)

The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year.

Key Points:

The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year.
The first interest payment on the Notes will be made on January 15, 2025.
The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”).
Pending any specific application, the Issuer may use a portion of the net proceeds to repay amounts outstanding under the revolving credit facility.

Crescent Energy Announces Offering of $750 Million Private Placement of Senior Notes Due 2033

Retrieved on:

torsdag, juni 13, 2024

Energy, Other Energy, Oil, Gas, Person, Issuer, Senior, Note, Judgement, Regulation, Sale, Transaction, Security (finance)

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers, $750 million aggregate principal amount of Senior Notes due 2033 (the “Notes”).

Key Points:

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers, $750 million aggregate principal amount of Senior Notes due 2033 (the “Notes”).
The Notes will be guaranteed on a senior unsecured basis by all of the Issuer’s subsidiaries that guarantee the Issuer’s existing notes and the indebtedness under its revolving credit facility (the “revolving credit facility”).
Pending any specific application, the Issuer may use a portion of the net proceeds to repay amounts outstanding under the revolving credit facility.
The Issuer plans to offer and sell the Notes only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act.

Sensata Technologies Holding plc Announces Upcoming Redemption of 5.000% Senior Notes due 2025 by Sensata Technologies B.V.

Retrieved on:

torsdag, juni 6, 2024

Sensata Technologies Holding plc (NYSE: ST) (“Sensata Technologies”) today announced that its indirect wholly owned subsidiary, Sensata Technologies B.V. (the “Issuer”), intends to redeem in full all $700,000,000 in aggregate principal amount of its outstanding 5.000% Senior Notes due 2025 (the “Notes”).

Key Points:

Sensata Technologies Holding plc (NYSE: ST) (“Sensata Technologies”) today announced that its indirect wholly owned subsidiary, Sensata Technologies B.V. (the “Issuer”), intends to redeem in full all $700,000,000 in aggregate principal amount of its outstanding 5.000% Senior Notes due 2025 (the “Notes”).
The redemption will be made in accordance with the terms of the indenture governing the Notes and the terms of the notice of redemption being delivered to all registered holders of the Notes.
The Redemption Price will be due and payable on the Redemption Date upon surrender of the Notes.
The notice of redemption is being delivered to all registered holders of the Notes by The Bank of New York Mellon, the trustee for the Notes (the “Trustee”).

Acrisure Announces Pricing of Notes Offering

Retrieved on:

onsdag, juni 5, 2024

Professional Services, Insurance, Finance, Person, Debt-to-GDP ratio, Credit, Note, Issuer, Regulation, Sale, Security (finance)

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $1,100,000,000 aggregate principal amount of 7.500% secured senior notes due 2030 (the “senior secured notes”) and $500,000,000 aggregate principal amount of 8.500% unsecured senior notes due 2029 (the “senior notes” and together, the “notes”).

Key Points:

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $1,100,000,000 aggregate principal amount of 7.500% secured senior notes due 2030 (the “senior secured notes”) and $500,000,000 aggregate principal amount of 8.500% unsecured senior notes due 2029 (the “senior notes” and together, the “notes”).
The Issuers expect to use any remaining net proceeds from the notes offering to pay related transaction fees and expenses.
The senior notes are expected to be issued at an issue price of 100%, and will be guaranteed on a senior unsecured basis by each of the Company’s existing and future wholly-owned domestic restricted subsidiaries to the extent such subsidiary guarantees the Company’s senior secured credit facilities, existing secured notes, the senior secured notes and existing unsecured notes.
The senior secured notes are expected to be issued at an issue price of 100% and will be fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Acrisure Intermediate, Inc. and each of its existing and future wholly-owned domestic restricted subsidiaries to the extent such subsidiary guarantees the Company’s senior secured credit facilities, existing unsecured notes, senior notes, and existing unsecured notes.

loanDepot Announces Amendments to Exchange Offer and Consent Solicitation for 6.500% Senior Notes due 2025

Retrieved on:

tisdag, juni 4, 2024

The New Notes will no longer be secured by an interest in any of the membership interests of mello.

Key Points:

The New Notes will no longer be secured by an interest in any of the membership interests of mello.
In addition, holders representing 68% of the Old Notes have indicated their intent (but are not obligated) to participate in the Exchange Offer, as amended.
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Notes.
The Exchange Offer and Consent Solicitation is only being made pursuant to the Offering Memorandum and Consent Solicitation Statement and the Supplement.

Canadian GoldCamps to Spend $18M to Earn 70% of Murphy Lake

Retrieved on:

måndag, juni 3, 2024

Athabasca Basin, Transaction, Legislation, News, Treasury, Agreement, Funding, FUU, Good, Letter, Issuer

If completed, the Transaction will constitute a "fundamental change" of Canadian GoldCamps pursuant to the policies of the Canadian Securities Exchange (the "CSE").

Key Points:

If completed, the Transaction will constitute a "fundamental change" of Canadian GoldCamps pursuant to the policies of the Canadian Securities Exchange (the "CSE").
As a result, the Transaction requires approval of the majority of the shareholders of Canadian GoldCamps.
The resulting issuer that will exist upon completion of the Transaction (the "Resulting Issuer") will continue to operate under a name to be determined by Canadian GoldCamps.
All expenditures required to be made by Canadian GoldCamps may be made on a "make or pay" basis (i.e.

Canadian GoldCamps Enters into Definitive Agreement to Acquire 70% interest in Murphy Lake Property located in the Athabasca Basin, Saskatchewan

Retrieved on:

måndag, juni 3, 2024

If completed, the Transaction will constitute a "fundamental change" of Canadian GoldCamps pursuant to the policies of the Canadian Securities Exchange (the "CSE").

Key Points:

If completed, the Transaction will constitute a "fundamental change" of Canadian GoldCamps pursuant to the policies of the Canadian Securities Exchange (the "CSE").
Upon completion of the Transaction, Canadian GoldCamps intends to be listed on the CSE as a mining issuer and will principally focus on the exploration and development of the Property.
Under the rules of the CSE, the Company's shares will remain halted until closing of the Transaction.
Prior to the completion of the Transaction, Canadian GoldCamps expects to complete a non-brokered private placement (the “Offering”).

Acrisure Announces Proposed Notes Offering

Retrieved on:

måndag, juni 3, 2024

Finance, Banking, Professional Services, Fintech, Insurance, Note, Regulation, Person, Sale, Debt-to-GDP ratio, Issuer, Credit, Security (finance)

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today that they plan to offer, subject to market conditions, approximately $1,375,000,000 aggregate principal amount of secured senior notes due 2030 and $500,000,000 aggregate principal amount of unsecured senior notes due 2029 (together, the “notes”).

Key Points:

Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today that they plan to offer, subject to market conditions, approximately $1,375,000,000 aggregate principal amount of secured senior notes due 2030 and $500,000,000 aggregate principal amount of unsecured senior notes due 2029 (together, the “notes”).
The Issuers expect to use any remaining net proceeds from the notes offering to pay related transaction fees and expenses.
This press release does not constitute an offer to sell or a solicitation of an offer to sell the 2026 Notes or a notice of redemption.
Accordingly, the notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.