Tender offer

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Tender Offer

Friday, August 14, 2020 - 1:00pm

The Fund intends to commence its tender offer on or about September 16, 2020, with the expiration of the tender offer currently expected to be October 15, 2020.

Key Points: 
  • The Fund intends to commence its tender offer on or about September 16, 2020, with the expiration of the tender offer currently expected to be October 15, 2020.
  • This announcement is not an offer to purchase or a solicitation of an offer to buy shares of the Fund.
  • The tender offer will be made only by an Offer to Purchase, a Repurchase Request Form, and related documents.
  • As soon as the tender offer commences, the Fund will file a tender offer statement on Schedule TO with the SEC, which will include an Offer to Purchase and related Repurchase Request Form.

Occidental Announces Upsize of Previously Announced Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes

Thursday, August 13, 2020 - 12:59am

Occidental is offering to purchase its 4.10% Senior Notes due 2021 (the 4.10% 2021 Notes), 2.600% Senior Notes due 2021 (the 2.600% 2021 Notes), Floating Interest Rate Notes due August 2021 (the Floating Rate August 2021 Notes), 3.125% Senior Notes due 2022 (the 3.125% 2022 Notes), 2.600% Senior Notes due 2022 (the 2.600% 2022 Notes), 2.700% Senior Notes due 2022 (the 2.700% 2022 Notes), Floating Interest Rate Notes due August 2022 (the Floating Rate August 2022 Notes, and, together with the 3.125% 2022 Notes, 2.600% 2022 Notes and 2.700% 2022 Notes, the 2022 Notes) and 2.70% Senior Notes due 2023 (the 2.70% 2023 Notes, and, together with the 4.10% 2021 Notes, 2.600% 2021 Notes, Floating Rate August 2021 Notes and 2022 Notes, the Notes).

Key Points: 
  • Occidental is offering to purchase its 4.10% Senior Notes due 2021 (the 4.10% 2021 Notes), 2.600% Senior Notes due 2021 (the 2.600% 2021 Notes), Floating Interest Rate Notes due August 2021 (the Floating Rate August 2021 Notes), 3.125% Senior Notes due 2022 (the 3.125% 2022 Notes), 2.600% Senior Notes due 2022 (the 2.600% 2022 Notes), 2.700% Senior Notes due 2022 (the 2.700% 2022 Notes), Floating Interest Rate Notes due August 2022 (the Floating Rate August 2022 Notes, and, together with the 3.125% 2022 Notes, 2.600% 2022 Notes and 2.700% 2022 Notes, the 2022 Notes) and 2.70% Senior Notes due 2023 (the 2.70% 2023 Notes, and, together with the 4.10% 2021 Notes, 2.600% 2021 Notes, Floating Rate August 2021 Notes and 2022 Notes, the Notes).
  • Holders of Notes tendering their Notes after the Early Tender Time will receive the applicable Tender Offer Consideration but will not be eligible to receive the Early Tender Premium.
  • The Tender Offers are not conditioned on the tender of any minimum principal amount of Notes, the consummation of any other Tender Offer or obtaining any Requisite Consent.
  • Global Bondholder Services Corporation has been retained to serve as the Tender Agent and Information Agent for the Tender Offers and Consent Solicitations.

Martin Midstream Partners Announces Successful Completion of Exchange Offer and Cash Tender Offer

Wednesday, August 12, 2020 - 9:00pm

KILGORE, Texas, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (the Partnership) and Martin Midstream Finance Corp. (collectively, the Issuers) completed their previously announced exchange offer (the Exchange Offer) and consent solicitation to certain eligible holders of the Issuers 7.25% senior unsecured notes due 2021 (the Existing Notes) and separate but related cash tender offer (the Cash Tender Offer and, together with the Exchange Offer, the Offers) and consent solicitation to certain other holders of the Existing Notes.

Key Points: 
  • KILGORE, Texas, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (the Partnership) and Martin Midstream Finance Corp. (collectively, the Issuers) completed their previously announced exchange offer (the Exchange Offer) and consent solicitation to certain eligible holders of the Issuers 7.25% senior unsecured notes due 2021 (the Existing Notes) and separate but related cash tender offer (the Cash Tender Offer and, together with the Exchange Offer, the Offers) and consent solicitation to certain other holders of the Existing Notes.
  • The Offers have been made solely pursuant to the Offering Memorandum or Offer to Purchase, as applicable, and the respective related documents.
  • Martin Midstream Partners L.P.is a publicly traded limited partnership with a diverse set of operations focused primarily in theUnited States Gulf Coastregion.
  • Additional information concerning the Partnership is available on the Partnerships website at www.MMLP.com or by contacting:

Rackspace Technology Global Announces Tender Offer for Up to $600.0 million of its 8.625% Senior Notes due 2024

Wednesday, August 12, 2020 - 1:43pm

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 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 early tender payment.
  • The Company has retained Citigroup Global Markets Inc. to act as the dealer manager (the Dealer Manager) for the Tender Offer.
  • Global Bondholder Services Corporation will act as the Information Agent and the Depositary for the Tender Offer.
  • Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect).

QVC, Inc. Announces Cash Tender Offer for Any and All of Its Outstanding 5.125% Senior Secured Notes due 2022

Wednesday, August 12, 2020 - 1:26pm

The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of August 12, 2020.

Key Points: 
  • The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of August 12, 2020.
  • The tender offer is not conditioned on any minimum amount of 2022 Notes being tendered.
  • Following the settlement date of the tender offer, QVC currently intends, but is not obligated, to exercise its right to redeem any 2022 Notes not purchased by QVC in the tender offer, in accordance with the terms of the indenture governing the 2022 Notes.
  • Questions regarding the tender offer may be directed to the Joint Dealer Managers at the telephone numbers shown below:

Herbalife Nutrition Announces Preliminary Results of Self‑Tender Offer

Wednesday, August 12, 2020 - 1:30pm

Herbalife Nutrition Ltd. (NYSE: HLF) (Herbalife Nutrition or the Company), announced today the preliminary results of its modified Dutch auction self-tender offer, which expired at 5:00 P.M., New York City time, on Tuesday, August 11, 2020, to purchase up to an aggregate of $750 million of the Companys common shares at a cash purchase price not greater than $50.00 nor less than $44.75 for each share tendered.

Key Points: 
  • Herbalife Nutrition Ltd. (NYSE: HLF) (Herbalife Nutrition or the Company), announced today the preliminary results of its modified Dutch auction self-tender offer, which expired at 5:00 P.M., New York City time, on Tuesday, August 11, 2020, to purchase up to an aggregate of $750 million of the Companys common shares at a cash purchase price not greater than $50.00 nor less than $44.75 for each share tendered.
  • The Company expects to fund the share purchases in the tender offer from existing cash on hand.
  • The number of shares expected to be purchased in the tender offer, the cash purchase price per share, the aggregate cash purchase price and the proration factor are preliminary and subject to change.
  • The Company's tender offer was made pursuant to an Offer to Purchase and Letter of Transmittal, each dated July 13, 2020.

Liberty Global to Acquire 100% of Sunrise Communications Group by Tender Offer

Wednesday, August 12, 2020 - 5:45am

Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK) announced today that, pursuant to the terms of a transaction agreement between Liberty Global and Sunrise Communications Group AG (SIX Swiss Exchange: SRCG), Liberty Global has agreed to make an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 per share.

Key Points: 
  • Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK) announced today that, pursuant to the terms of a transaction agreement between Liberty Global and Sunrise Communications Group AG (SIX Swiss Exchange: SRCG), Liberty Global has agreed to make an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 per share.
  • Under the terms of a transaction agreement between Liberty Global and Sunrise, Liberty Global has published a pre-announcement today for an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 per share.
  • A pre-announcement, including the detailed conditions of the tender offer, is being published concurrently with this press release and a formal tender offer prospectus will be published to launch of the tender offer.
  • After completion of a successful offer, Liberty Global intends to initiate a squeeze-out procedure and delist Sunrise shares from trading on the SIX.

Host Hotels & Resorts, Inc. Announces Commencement of Tender Offer for 4.750% Series C Senior Notes Due 2023 by Host Hotels & Resorts, L.P.

Tuesday, August 11, 2020 - 1:26pm

The tender offer is referred to herein as the Offer.

Key Points: 
  • The tender offer is referred to herein as the Offer.
  • The Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery are referred to herein collectively as the Offer Documents.
  • The tender offer consideration for each $1,000 principal amount of the Notes purchased pursuant to the Offer will be $1,070 (the Tender Offer Consideration).
  • This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes.

Targa Resources Partners LP Announces Tender Offer for Its 6.750% Senior Notes due 2024

Tuesday, August 11, 2020 - 1:15pm

King & Co., Inc., the tender agent and information agent for the Tender Offer, by calling (800) 820-2415 (toll free) or, for banks and brokers, (212) 269-5550.

Key Points: 
  • King & Co., Inc., the tender agent and information agent for the Tender Offer, by calling (800) 820-2415 (toll free) or, for banks and brokers, (212) 269-5550.
  • Targa has retained Wells Fargo Securities, LLC to serve as the exclusive Dealer Manager for the Tender Offer.
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell any notes in the Tender Offer.
  • The principal executive offices of Targa Resources Partners LP are located at 811 Louisiana, Suite 2100, Houston, TX 77002 and their telephone number is 713-584-1000.

Nomad Foods Commences Previously Announced Tender Offer to Purchase up to $500 Million of its Ordinary Shares

Tuesday, August 11, 2020 - 12:00pm

The tender offer is not conditioned on the receipt of financing or any minimum value of shares being tendered.

Key Points: 
  • The tender offer is not conditioned on the receipt of financing or any minimum value of shares being tendered.
  • Subject to applicable law, Nomad may extend, terminate or otherwise amend the tender offer in its sole discretion.
  • Nomad expects to use cash and cash equivalents to fund the purchases of the shares validly tendered and accepted in the tender offer.
  • Georgeson LLC is serving as information agent for the tender offer and Computershare is serving as the depositary for the tender offer.