Tender offer

Studio City Finance Limited Announces Tender Offer for Up to US$100 Million of Its 6.000% Senior Notes due 2025

Retrieved on: 
Monday, April 8, 2024
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MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Studio City Finance Limited (“Studio City Finance”) today announces that it has initiated a cash tender offer for up to an aggregate principal amount of US$100 million (the “Maximum Tender Amount”) of its outstanding 6.000% senior notes due 2025 (ISIN: US86389QAE26 and USG85381AE48) (the “Notes” and such tender offer, the “Tender Offer”).

Key Points: 
  • MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Studio City Finance Limited (“Studio City Finance”) today announces that it has initiated a cash tender offer for up to an aggregate principal amount of US$100 million (the “Maximum Tender Amount”) of its outstanding 6.000% senior notes due 2025 (ISIN: US86389QAE26 and USG85381AE48) (the “Notes” and such tender offer, the “Tender Offer”).
  • The Tender Offer will expire at 5:00 p.m., New York City time, on May 6, 2024, unless extended or terminated by Studio City Finance (the “Expiration Time”).
  • If the Tender Offer is fully subscribed as of the Early Tender Date, holders who validly tender Notes following the Early Tender Date will not have any of their Notes accepted for payment unless Studio City Finance increases the Maximum Tender Amount.
  • Studio City Finance has appointed Kroll Issuer Services Limited to serve as the tender and information agent for the Tender Offer.

Bombardier Announces Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on: 
Friday, April 5, 2024
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As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.

Key Points: 
  • As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.
  • All Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by Bombardier on the Early Settlement Date.
  • All such Notes that have been accepted will be settled on the Early Settlement Date in accordance with the terms of the Tender Offer as set forth in the Offer to Purchase.
  • Holders validly tendering Notes after the Early Tender Date but at or prior to the Expiration Date will only be eligible to receive the “Tender Offer Consideration” listed in the table in the Offer to Purchase on the Final Settlement Date.

SiriusPoint Announces Pricing of Tender Offer for 4.600% Senior Notes due 2026

Retrieved on: 
Thursday, April 4, 2024
Tax, COVID-19, Acquisition, Security (finance), Insurance, Tender offer, Note, Expiration, Investment, Annual report, BMO Capital Markets, HSBC, Jefferies Group, Solicitation, Amendment, J.P. Morgan & Co.

Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.

Key Points: 
  • Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.
  • Those who validly tender 2026 Notes and deliver consents after the Early Expiration Time will receive the Total Consideration, less $50, for each $1,000 principal amount of accepted 2026 Notes.
  • The Tender Offer expires at 5:00 p.m., New York City time, on April 19, 2024, unless extended or earlier terminated by SiriusPoint (the “Tender Offer Expiration”).
  • SiriusPoint has further reserved the right, in its sole discretion, not to accept any tenders of 2026 Notes or deliveries of consents with respect to the 2026 Notes.

SuRo Capital Corp. Announces Expiration and Final Results of Tender Offer

Retrieved on: 
Wednesday, April 3, 2024
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NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital” or the “Company”) (Nasdaq: SSSS ) today announced its final results from its modified “Dutch Auction” tender offer (the “Tender Offer”).

Key Points: 
  • NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital” or the “Company”) (Nasdaq: SSSS ) today announced its final results from its modified “Dutch Auction” tender offer (the “Tender Offer”).
  • The Company’s Tender Offer expired at 5:00 P.M., Eastern Time, on April 1, 2024.
  • The Company, in conjunction with Equiniti Trust Company, LLC, has determined the final proration factor for the tender offer is approximately 69.3%.
  • The Company is funding the repurchase of shares in the Tender Offer using a portion of its cash on hand.

FTAI Aviation Commences Cash Tender Offer for Any and All of Its Outstanding 6.50% Senior Notes Due 2025

Retrieved on: 
Tuesday, April 2, 2024
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All holders of 2025 Senior Notes validly tendered, including through the Guaranteed Delivery Procedures, and accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest on such 2025 Senior Notes from the last interest payment date with respect to those 2025 Senior Notes to, but not including, the Settlement Date.

Key Points: 
  • All holders of 2025 Senior Notes validly tendered, including through the Guaranteed Delivery Procedures, and accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest on such 2025 Senior Notes from the last interest payment date with respect to those 2025 Senior Notes to, but not including, the Settlement Date.
  • Holders of 2025 Senior Notes tendered after the Withdrawal Deadline cannot withdraw their 2025 Senior Notes unless FTAI LLC is required to extend withdrawal rights under applicable law.
  • The Tender Offer is not conditioned on the tender of any minimum principal amount of 2025 Senior Notes.
  • FTAI LLC intends to fund the purchase of the 2025 Senior Notes pursuant to the Tender Offer with the net proceeds from such debt financing.

Vital Energy Announces Increase in Tender Cap for Senior Notes Due 2030

Retrieved on: 
Monday, April 1, 2024
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TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it has amended its previously announced cash tender offer (the “Tender Offer”) for its 9.750% senior notes due 2030 (the “2030 Notes”).

Key Points: 
  • TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it has amended its previously announced cash tender offer (the “Tender Offer”) for its 9.750% senior notes due 2030 (the “2030 Notes”).
  • Accordingly, subject to completion of its previously announced offering of additional 7.875% senior notes due 2032, the Company will accept all 2030 Notes that were tendered and not withdrawn prior to 5:00 p.m., New York City time, on March 27, 2024 (the “Early Tender Date”) and settle such 2030 Notes tendered and not withdrawn prior to the Early Tender Date on April 3, 2024.
  • Because the Tender Offer for the 2030 Notes, as amended, was fully subscribed by the Early Tender Date, no 2030 Notes tendered after the Early Tender Date will be accepted for purchase in the Tender Offer.
  • Consummation of the increased Tender Offer and the extension of the expiration date of the Tender Offer set forth in this press release is subject to completion of the additional notes offering on April 3, 2024.

Vital Energy Prices Upsized Offering of $200.0 Million of Senior Notes

Retrieved on: 
Monday, April 1, 2024
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TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced the pricing of its previously announced private placement offering (the “Offering”), upsized to $200.0 million in aggregate principal amount, of 7.875% senior notes due 2032 (the “senior notes”) at 100.75% of par, plus accrued and unpaid interest from March 28, 2024, in a private placement to eligible purchasers.

Key Points: 
  • TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced the pricing of its previously announced private placement offering (the “Offering”), upsized to $200.0 million in aggregate principal amount, of 7.875% senior notes due 2032 (the “senior notes”) at 100.75% of par, plus accrued and unpaid interest from March 28, 2024, in a private placement to eligible purchasers.
  • The senior notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by Vital Midstream Services, LLC, a subsidiary of the Company, and certain of its future subsidiaries.
  • The senior notes are being offered as additional notes under the indenture dated as of March 28, 2024 (the “Indenture”), pursuant to which the Company has previously issued $800.0 million aggregate principal amount of 7.875% senior notes due 2032 (the “existing notes”).
  • The senior notes have substantially identical terms, other than the issue date and issue price, as the existing notes, and the senior notes and the existing notes will be treated as a single class of securities under the Indenture and will vote together as a single class.

Vital Energy Announces Offering of $100.0 Million of Senior Notes

Retrieved on: 
Monday, April 1, 2024
Sale, Regulation, Indenture, OK, Tender offer, Person, Security (finance)

TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it intends to offer (the “Offering”), subject to market and other conditions, $100.0 million in aggregate principal amount of 7.875% senior notes due 2032 (the “senior notes”) in a private placement to eligible purchasers.

Key Points: 
  • TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it intends to offer (the “Offering”), subject to market and other conditions, $100.0 million in aggregate principal amount of 7.875% senior notes due 2032 (the “senior notes”) in a private placement to eligible purchasers.
  • The senior notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by Vital Midstream Services, LLC, a subsidiary of the Company, and certain of its future subsidiaries.
  • The senior notes are being offered as additional notes under the indenture dated as of March 28, 2024 (the “Indenture”), pursuant to which the Company has previously issued $800.0 million aggregate principal amount of 7.875% senior notes due 2032 (the “existing notes”).
  • The senior notes have substantially identical terms, other than the issue date and issue price, as the existing notes, and the senior notes and the existing notes will be treated as a single class of securities under the Indenture and will vote together as a single class.

Vital Energy Announces Early Results and Increase of its Cash Tender Offers for its Senior Notes due 2028 and Senior Notes due 2030; Planned Redemption of Senior Notes due 2028

Retrieved on: 
Thursday, March 28, 2024
Trustee, Tender offer, BofA Securities, Note, GBS, Tender, Security (finance)

The Withdrawal Deadline for the Tender Offers was 5:00 p.m., New York City time, on March 27, 2024.

Key Points: 
  • The Withdrawal Deadline for the Tender Offers was 5:00 p.m., New York City time, on March 27, 2024.
  • As a result, Tender Notes tendered pursuant to the Tender Offers may no longer be withdrawn, unless the Withdrawal Deadline is extended by the Company or as required by law.
  • The Tender Offers are not conditioned on any minimum principal amount of Tender Notes being tendered.
  • The Company has retained GBS to act as the information and tender agent in respect of the Tender Offers.

Invited Announces Early Tender Offer Results and Amendment to Tender Offer

Retrieved on: 
Wednesday, March 27, 2024
Documentation, Tender offer, Note, Tender, Debt-to-GDP ratio, Cryptocurrency

DALLAS, March 27, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the early tender results for the previously announced tender offer (the “Tender Offer”) by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), to purchase for cash up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”).

Key Points: 
  • DALLAS, March 27, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the early tender results for the previously announced tender offer (the “Tender Offer”) by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), to purchase for cash up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”).
  • The Tender Offer is subject to the terms and conditions set forth in the confidential Offer to Purchase dated March 13, 2024 (the “Offer to Purchase”), including the Tender Cap and any required proration.
  • As of the previously announced early tender deadline of 5:00 p.m., New York City time, on March 26, 2024 (the “Early Tender Time”), the Company has been advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that $29,600,000 in aggregate principal amount, or approximately 26.94%, of the outstanding Notes had been validly tendered and not withdrawn in the Tender Offer.
  • The withdrawal deadline relating to the Tender Offer occurred at the Early Tender Time.