Mini-tender offer

EQS-News: Results of Tender Offer

Retrieved on:

Thursday, December 21, 2023

ASX, Tender offer, Acquisition, Tender, CDI, MSG, Mini-tender offer, Security (finance)

MSG received acceptances under the Tender Offer from 400 CDI Holders with respect to a total amount of 76,621,889 CDIs, representing approximately 65% of the CDIs on issue as at the Tender Offer record date, and approximately 10.42% of the total issued capital of Marley Spoon.

Key Points:

MSG received acceptances under the Tender Offer from 400 CDI Holders with respect to a total amount of 76,621,889 CDIs, representing approximately 65% of the CDIs on issue as at the Tender Offer record date, and approximately 10.42% of the total issued capital of Marley Spoon.
MSG's acquisition of these CDIs will increase its holding in Marley Spoon to approximately 95% on completion of the Tender Offer.
MSG intends to transmute all CDIs it acquires under the Tender Offer to shares in Marley Spoon, which will result in a further reduction in the number of Marley Spoon CDIs quoted on the ASX.
All Marley Spoon CDI holders that have validly accepted the Tender Offer shall receive their corresponding MSG shares in due course.

Community Health Systems, Inc. Announces Increase in Tender Cap for 8.000% Senior Secured Notes Due 2026

Retrieved on:

Tuesday, December 12, 2023

General Health, Hospitals, Health, Practice Management, Nursing, Sale, Issuer, NYSE, Senior, Mini-tender offer, Community Health Systems, Tender offer, Note, Community, CYH, Tender, Cryptocurrency, Security (finance)

The complete terms and conditions of the Tender Offer is set forth in the Offer to Purchase.

Key Points:

The complete terms and conditions of the Tender Offer is set forth in the Offer to Purchase.
The Issuer has retained Citigroup Global Markets Inc. to act as dealer manager in connection with the Tender Offer.
The Tender Offer is being made solely by means of the Tender Offer documents.
No recommendation is made as to whether holders of the 2026 Notes should tender their 2026 Notes.

Community Health Systems, Inc. Announces Commencement of Tender Offer for 8.000% Senior Secured Notes Due 2026

Retrieved on:

Monday, December 11, 2023

General Health, Hospitals, Health, Practice Management, Nursing, Sale, Expiration, CUSIP, Mini-tender offer, Exercise, Tender offer, Note, Settlement, Tender, Life insurance, Cryptocurrency, Security (finance), Issuer

Holders validly tendering, and not validly withdrawing, 2026 Notes after the Early Tender Deadline and on or before the Expiration Time will be eligible to receive only the tender offer consideration, which represents the total consideration less the early tender payment.

Key Points:

Holders validly tendering, and not validly withdrawing, 2026 Notes after the Early Tender Deadline and on or before the Expiration Time will be eligible to receive only the tender offer consideration, which represents the total consideration less the early tender payment.
In addition, holders whose 2026 Notes are accepted for payment in the Tender Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the applicable settlement date for their 2026 Notes purchased pursuant to the Tender Offer.
The complete terms and conditions of the Tender Offer are set forth in the Tender Offer documents that are being sent to holders of 2026 Notes.
No recommendation is made as to whether holders of the 2026 Notes should tender their 2026 Notes.

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

Retrieved on:

Monday, December 4, 2023

Banking, Professional Services, Finance, First Franklin Financial Corp., NYSE, Mini-tender offer, SNV, Tender offer, Morgan Stanley, Personal Information Agent, News, Tender, Security (finance), Cryptocurrency, Synovus

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.

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

Retrieved on:

Friday, November 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.

Coty Inc. Announces Pricing of Cash Tender Offers and Acceptance of $400 Million Outstanding Debt Securities

Retrieved on:

Wednesday, November 22, 2023

Finance, Fashion, Cosmetics, Retail, Professional Services, Mini-tender offer, J.P. Morgan & Co., Exercise, Tender offer, Date, Note, Treasury, Bloomberg, BofA Securities, Accrued interest, Settlement, Tender, Security (finance), Cryptocurrency

Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and accepted for purchase by the Company.

Key Points:

Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and accepted for purchase by the Company.
Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.
The Total Consideration includes an early tender premium of $30.00 per $1,000 principal amount of each series of Notes accepted for purchase (the “Early Tender Premiums”).
BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as Dealer Managers in connection with the applicable Tender Offers.

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

Retrieved on:

Tuesday, November 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.

Coty Inc. Announces Early Results of Cash Tender Offers for Up to $400 Million Outstanding Debt Securities

Retrieved on:

Wednesday, November 22, 2023

Finance, Fashion, Cosmetics, Retail, Professional Services, J.P. Morgan & Co., Exercise, Tender offer, Date, Mini-tender offer, BofA Securities, Hand, Accrued interest, Settlement, Tender, Cryptocurrency, Note

All conditions were satisfied or waived by the Company at the Early Tender Date.

Key Points:

All conditions were satisfied or waived by the Company at the Early Tender Date.
The Total Consideration includes an early tender premium of $30.00 per $1,000 principal amount of each series of Notes accepted for purchase (the “Early Tender Premiums”).
BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as Dealer Managers in connection with the applicable Tender Offers.
Investors with questions regarding the terms and conditions of the Tender Offers may contact the dealer managers as follows

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

Retrieved on:

Monday, November 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:

Tuesday, November 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.