Broadridge Financial Solutions

Diamondback Energy Prices Offering of Senior Notes

Retrieved on: 
Tuesday, April 9, 2024

MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 (the “2027 Notes”), $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 (the “2030 Notes”), $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 (the “2034 Notes”), $1,500,000,000 in aggregate principal amount of 5.750% senior notes that will mature on April 18, 2054 (the “2054 Notes”) and $1,000,000,000 in aggregate principal amount of 5.900% senior notes that will mature on April 18, 2064 (the “2064 Notes” and, together with the 2027 Notes, the 2030 Notes, the 2034 Notes and the 2054 Notes, the “Notes”).

Key Points: 
  • MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 (the “2027 Notes”), $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 (the “2030 Notes”), $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 (the “2034 Notes”), $1,500,000,000 in aggregate principal amount of 5.750% senior notes that will mature on April 18, 2054 (the “2054 Notes”) and $1,000,000,000 in aggregate principal amount of 5.900% senior notes that will mature on April 18, 2064 (the “2064 Notes” and, together with the 2027 Notes, the 2030 Notes, the 2034 Notes and the 2054 Notes, the “Notes”).
  • The Notes Offering is expected to close on April 18, 2024, subject to customary closing conditions.
  • The Notes will be sold in a registered offering pursuant to an effective shelf registration statement on Form S-3ASR that was previously filed with the Securities and Exchange Commission, a prospectus supplement and related base prospectus for the Notes Offering.
  • Citigroup Global Markets Inc., BofA Securities, Inc. and TD Securities (USA) LLC have served as joint book-running managers for the Notes Offering.

Brandywine Realty Trust Prices $400 Million of 8.875% Guaranteed Notes Due 2029

Retrieved on: 
Thursday, April 4, 2024

PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).

Key Points: 
  • PHILADELPHIA, April 04, 2024 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400 million of its 8.875% guaranteed notes due 2029 (the “Notes”).
  • Interest on the Notes will be payable semi-annually on April 12 and October 12 of each year, commencing October 12, 2024.
  • The Notes are being offered to investors at a price of 99.505% of their principal amount, plus accrued interest, if any, from April 12, 2024, with a re-offer yield of 9.000%.
  • The sale of the Notes is expected to close on April 12, 2024, subject to customary closing conditions.

Marex Group plc Announces Filing of Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Tuesday, March 26, 2024

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Marex Group (“Marex”), the diversified global financial services platform, today announces that it has publicly filed a registration statement on Form F-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its ordinary shares.

Key Points: 
  • NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Marex Group (“Marex”), the diversified global financial services platform, today announces that it has publicly filed a registration statement on Form F-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its ordinary shares.
  • The timing of the offering, number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • Barclays, Goldman Sachs & Co. LLC, Jefferies, and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead book-running managers for the proposed offering.
  • A registration statement relating to these securities has been filed with the SEC but has not yet become effective.

ODDITY Announces Pricing of Secondary Offering of Class A Ordinary Shares

Retrieved on: 
Friday, March 15, 2024

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the pricing of a previously announced underwritten secondary public offering of 4,782,609 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”) at a price of $43.50 per share.

Key Points: 
  • NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the pricing of a previously announced underwritten secondary public offering of 4,782,609 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”) at a price of $43.50 per share.
  • The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 717,391 Ordinary Shares.
  • The offering is expected to close on March 19, 2024, subject to the satisfaction of customary closing conditions.
  • ODDITY is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.

ODDITY Announces Secondary Offering of Class A Ordinary Shares

Retrieved on: 
Tuesday, March 12, 2024

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the commencement of an underwritten secondary public offering of 4,000,000 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”).

Key Points: 
  • NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the commencement of an underwritten secondary public offering of 4,000,000 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”).
  • The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 600,000 Ordinary Shares.
  • ODDITY is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.
  • Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Allen & Company LLC and Evercore Group L.L.C.

TD SYNNEX Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Friday, April 5, 2024

TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing of the previously announced secondary public offering of 5,309,299 shares of its common stock.

Key Points: 
  • TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing of the previously announced secondary public offering of 5,309,299 shares of its common stock.
  • The offering is expected to close on or about April 9, 2024, subject to customary closing conditions.
  • TD SYNNEX will not receive any of the proceeds from the sale of shares by the Selling Stockholders in the offering.
  • In addition, the Company has agreed to purchase from the underwriters 1,750,000 shares of common stock that are the subject of the offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the “Concurrent Share Repurchase”) under the Company’s existing share repurchase program.

TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Thursday, April 4, 2024

TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering.

Key Points: 
  • TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering.
  • In addition, the Company has authorized the purchase from the underwriters of 1,750,000 shares of common stock as part of the secondary public offering (the “Concurrent Share Repurchase”).
  • The Concurrent Share Repurchase is part of the Company’s existing share repurchase program.
  • The Company intends to fund the Concurrent Share Repurchase from existing cash on hand.

UL Solutions Announces Launch of Initial Public Offering

Retrieved on: 
Tuesday, April 2, 2024

UL Solutions Inc. (“UL Solutions”) today announced the launch of its initial public offering (the “IPO”) of 28,000,000 shares of its Class A common stock and the commencement of the roadshow for the IPO.

Key Points: 
  • UL Solutions Inc. (“UL Solutions”) today announced the launch of its initial public offering (the “IPO”) of 28,000,000 shares of its Class A common stock and the commencement of the roadshow for the IPO.
  • The offering consists entirely of secondary shares to be sold by UL Standards & Engagement, a nonprofit organization that is currently the sole stockholder of UL Solutions.
  • The underwriters will have a 30-day option to purchase up to an additional 4,200,000 shares of Class A common stock from UL Standards & Engagement.
  • UL Solutions is not offering any shares of its Class A common stock in the proposed offering and will not receive any proceeds from the proposed sale of the shares.

Stoke Therapeutics Announces Pricing of Upsized $125 Million Public Offering

Retrieved on: 
Thursday, March 28, 2024

The gross proceeds from this offering are expected to be $125 million, before deducting underwriting discounts and commissions and other offering expenses payable by Stoke.

Key Points: 
  • The gross proceeds from this offering are expected to be $125 million, before deducting underwriting discounts and commissions and other offering expenses payable by Stoke.
  • The offering is expected to close on or about April 2, 2024, subject to the satisfaction of customary closing conditions.
  • Stoke has also granted the underwriters a 30-day option to purchase up to an additional 1,388,893 shares of common stock in connection with the offering.
  • A preliminary prospectus supplement and accompanying prospectus relating to this offering have been filed with the SEC.

TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Wednesday, March 27, 2024

TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced a proposed secondary public offering of 9,000,000 shares of its common stock currently held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”).

Key Points: 
  • TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced a proposed secondary public offering of 9,000,000 shares of its common stock currently held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”).
  • TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering.
  • In addition, the Company has authorized the purchase from the underwriters of 500,000 shares of common stock as part of the secondary public offering, provided that the total amount of shares to be repurchased does not exceed $60.0 million (the “Concurrent Share Repurchase”).
  • The Concurrent Share Repurchase is part of the Company’s existing share repurchase program.