Solicitation

BlockFi’s Disclosure Statement Conditionally Approved by Court

Retrieved on: 
Thursday, August 3, 2023

BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023.

Key Points: 
  • BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023.
  • BlockFi’s Chapter 11 Plan (“Plan”) maximizes recovery for clients and provides for the quickest possible distributions to clients.
  • BlockFi’s eligible creditors have the opportunity to vote in favor of the Plan and will receive BlockFi’s Disclosure Statement and Plan, detailed voting instructions, and additional important information.
  • Capitalized terms used that are not otherwise defined herein shall have the meanings given to them in the Plan and Disclosure Statement.

Carvana Co. Launches Private Exchange Offers, Cash Tender Offer and Consent Solicitations Relating to Existing Notes

Retrieved on: 
Wednesday, August 2, 2023

Eligible Holders who tender their 2025 Notes in the Cash Tender Offer will receive the Cash Tender Offer Consideration.

Key Points: 
  • Eligible Holders who tender their 2025 Notes in the Cash Tender Offer will receive the Cash Tender Offer Consideration.
  • For each $1,000 principal amount of 2025 Notes validly tendered for cash purchase in the Cash Tender Offer prior to the Expiration Time, Eligible Holders will be eligible to receive $850.00 of cash.
  • Full details of the terms and conditions of the Offers and Consent Solicitations are described in the Exchange Offer Memorandum.
  • Eligible Holders of the Existing Notes are encouraged to read the Exchange Offer Memorandum, as it contains important information regarding the Offers and Consent Solicitations.

Lifepoint Health, Inc. Announces Tender Offer and Consent Solicitation for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Monday, July 31, 2023

Holders must validly tender and not validly withdraw their Notes, and have their Notes accepted for purchase in the Tender Offer, at or prior to the Early Tender Time in order to be eligible to receive the Total Consideration, including the Consent and Early Tender Payment.

Key Points: 
  • Holders must validly tender and not validly withdraw their Notes, and have their Notes accepted for purchase in the Tender Offer, at or prior to the Early Tender Time in order to be eligible to receive the Total Consideration, including the Consent and Early Tender Payment.
  • Holders tendering their Notes after the Early Tender Time but at or prior to the Expiration Time will receive the Tender Offer Consideration of $987.50 per $1,000 principal amount of Notes tendered.
  • Subject to applicable law, the Company may also terminate the Tender Offer and Consent Solicitation at any time in its sole discretion.
  • Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

IGI Announces Commencement of an Offer to Purchase and Consent Solicitation Relating to its Warrants

Retrieved on: 
Friday, July 28, 2023

Parties representing approximately 67.3% of the outstanding public warrants have agreed to tender their Warrants in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement.

Key Points: 
  • Parties representing approximately 67.3% of the outstanding public warrants have agreed to tender their Warrants in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement.
  • IGI has engaged BofA Securities (“BofA”) as the dealer manager for the Offer and Consent Solicitation.
  • Morrow Sodali Global LLC (“Morrow Sodali”) has been appointed as the information agent for the Offer and Consent Solicitation, and Continental has been appointed as the Depositary for the Offer and Consent Solicitation.
  • The Offer and Consent Solicitation are being made only through the Schedule TO and Offer to Purchase, and the complete terms and conditions of the Offer and Consent Solicitation are set forth in the Schedule TO and Offer to Purchase.

Sodexo - Results of the solicitation of consents of the bondholders

Retrieved on: 
Tuesday, July 25, 2023

Not quorate – Meeting adjourned to August 8, 2023

Key Points: 
  • Not quorate – Meeting adjourned to August 8, 2023
    1 See Sodexo press release dated July 3, 2023 available on its website (www.sodexo.com).
  • By participating in the Consent Solicitation and attending, and/or submitting Voting Instructions or approving a proxy in relation to the Meeting, the Bondholders will be deemed to have made and given the representations, warranties and undertakings set out in the Consent Solicitation Memorandum.
  • The distribution of the Consent Solicitation Memorandum and this announcement in certain jurisdictions may be restricted by laws or regulations.
  • Neither the Consent Solicitation Memorandum nor this announcement is an offer of securities for sale in the United States or to any U.S. person.

Solicitation of consents by Sodexo – Extension of the Early Instruction Deadline

Retrieved on: 
Friday, July 14, 2023

The distribution of the Consent Solicitation Memorandum and this announcement in certain jurisdictions may be restricted by laws or regulations.

Key Points: 
  • The distribution of the Consent Solicitation Memorandum and this announcement in certain jurisdictions may be restricted by laws or regulations.
  • Neither the Consent Solicitation Memorandum nor this announcement is an offer of securities for sale in the United States or to any U.S. person.
  • Securities may not be offered or sold in the United States absent registration or an exemption from registration.
  • For the purpose of the Consent Solicitation Memorandum and this announcement, “United States” means the United States of America, its territories and possessions, any state of the United States of America and the District of Columbia.

Azul Announces Expected Settlement Date for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Retrieved on: 
Wednesday, July 12, 2023

Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Offering Memorandum.

Key Points: 
  • Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Offering Memorandum.
  • As of the date of this press release, except as noted above, each of these conditions remains to be satisfied.
  • Eligible Holders will need to make their own decision as to whether to tender Existing Notes in the Exchange Offers and participate in the Solicitations and, if so, the principal amount of Existing Notes to tender.
  • Moreover, neither Azul nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements.

Announcement of solicitation of consents by SODEXO

Retrieved on: 
Monday, July 3, 2023

The Consent Solicitation is being made on the terms and subject to the conditions set out in the Consent Solicitation Memorandum dated July 3, 2023 (the “Consent Solicitation Memorandum”).

Key Points: 
  • The Consent Solicitation is being made on the terms and subject to the conditions set out in the Consent Solicitation Memorandum dated July 3, 2023 (the “Consent Solicitation Memorandum”).
  • Capitalised terms used in this announcement but not defined have the meanings given to them in the Consent Solicitation Memorandum.
  • In addition, Bondholders may contact the Solicitation Agents for information at their telephone number and email address set out on the back cover page of the Consent Solicitation Memorandum.
  • The Consent Solicitation Memorandum, each Fiscal Agency Agreement and each Notice of Meeting are available for viewing on the Consent Website.

Exela Technologies, Inc. Announces Elimination of Early Tender Time and Initial Settlement Date

Retrieved on: 
Friday, June 30, 2023

The Company expects the Final Settlement Date for the Exchange Offer to occur promptly after the Expiration Time.

Key Points: 
  • The Company expects the Final Settlement Date for the Exchange Offer to occur promptly after the Expiration Time.
  • The deadline to validly withdraw tenders of the Old Notes was also extended to 11:59 p.m., New York City time, on July 7, 2023.
  • Documents relating to the Exchange Offer and the Consent Solicitation are available to certain holders of the Old Notes.
  • These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.

The New Home Company Inc. Announces Expiration and Final Results of the Exchange Offer and Consent Solicitation

Retrieved on: 
Friday, June 30, 2023

Eligible Holders who validly tender their Existing Notes after the Early Tender Date will not be eligible to receive the Consent Payment.

Key Points: 
  • Eligible Holders who validly tender their Existing Notes after the Early Tender Date will not be eligible to receive the Consent Payment.
  • For each $1,000 principal amount of Existing Notes accepted for exchange at or prior to the Expiration Date.
  • No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
  • The Exchange Offer and Consent Solicitation were made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as were permitted under applicable law.