Tender offer

New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024

For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30.00 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

Xerox Holdings Corporation Announces Increase in Maximum Tender Cap for 5.000% Senior Notes Due 2025

Retrieved on: 
Tuesday, March 5, 2024

Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).

Key Points: 
  • Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 2024 (the “Offer to Purchase”).
  • The terms of the previously announced cash tender offer by Xerox Corporation for its 3.800% senior notes due 2024 (the “2024 Notes Tender Offer” and, together with the 2025 Notes Tender Offer, the “Tender Offers”) remain unchanged.
  • The complete terms and conditions of the Tender Offers are set forth in the Offer to Purchase, as modified by this press release.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).

New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024

(5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • (5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

Xerox Announces Tender Offers for 2024 Notes and 2025 Notes

Retrieved on: 
Monday, March 4, 2024

Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).

Key Points: 
  • Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).
  • The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
  • The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase.
  • This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.

Bloom 1 K.K.: Announcement of the Results of Tender Offer for Benesse Holdings, Inc. (Securities Code: 9783)

Retrieved on: 
Tuesday, March 5, 2024

held by the Offeror prior to the Tender Offer

Key Points: 
  • held by the Offeror prior to the Tender Offer
    (Ownership percentage of share certificates prior to the Tender Offer: - %)
    Number of voting rights represented by share certificates, etc.
  • held by the Offeror after the Tender Offer
    (Ownership percentage of share certificates after the Tender Offer: 70.21%)
    Number of voting rights represented by share certificates, etc.
  • held by specially related parties prior to the Tender Offer” and “number of voting rights represented by share certificates, etc.
  • held by special related parties after the Tender Offer” are the total number of voting rights for share certificates, etc.

Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026

Retrieved on: 
Monday, March 4, 2024

The Settlement Date is currently expected to be on March 18, 2024, assuming all conditions to the Tender Offer have been satisfied or waived.

Key Points: 
  • The Settlement Date is currently expected to be on March 18, 2024, assuming all conditions to the Tender Offer have been satisfied or waived.
  • The Company presently intends to redeem any Notes that remain outstanding after consummation of the Tender Offer.
  • The Company is making the Tender Offer only by, and pursuant to, the terms of the Tender Offer Materials.
  • Holders of the Notes must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.

Rithm Capital Corp. Announces Commencement of Tender Offer for 6.250% Senior Unsecured Notes Due 2025

Retrieved on: 
Monday, March 4, 2024

Holders validly tendering, and not validly withdrawing, 2025 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, 2025 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 2025 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 2025 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 2025 Notes.
  • No recommendation is made as to whether holders of the 2025 Notes should tender their 2025 Notes.

Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended December 31, 2023 and for the Full Year of 2023

Retrieved on: 
Wednesday, February 28, 2024

Full year net income was $5.4 million for 2023, compared to a net loss of $161.7 million for 2022.

Key Points: 
  • Full year net income was $5.4 million for 2023, compared to a net loss of $161.7 million for 2022.
  • Full year adjusted net income (non-IFRS) was $7.0 million for 2023, compared with $4.1 million for 2022, an increase of 72.1%.
  • Operating cash flow was positive $13.6 million in full year 2023, compared to negative $3.3 million in full year 2022.
  • The Company had 162 Key Customers as of December 31, 2023, compared with 169 Key Customers as of September 30, 2023.

Wynn Resorts Announces Early Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025

Retrieved on: 
Friday, February 23, 2024

Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on February 22, 2024.

Key Points: 
  • Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on February 22, 2024.
  • All Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase will be purchased by Wynn Las Vegas, LLC on the “Early Settlement Date,” which is currently expected to occur on February 23, 2024.
  • Payment for the Notes that are purchased will include accrued and unpaid interest from the last interest payment date to, but excluding, the Early Settlement Date.
  • Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. are the dealer managers for the Tender Offer.

PaymentVision Pushes The Payments Revolution: "Settlement Offers" to Transform Payment Processing and Debt Settlement

Retrieved on: 
Thursday, February 22, 2024

Settlement Offers leverages a cutting-edge, user-friendly self-service portal that empowers customers to settle their payments and debts on their terms.

Key Points: 
  • Settlement Offers leverages a cutting-edge, user-friendly self-service portal that empowers customers to settle their payments and debts on their terms.
  • This partnership synergizes JST's advanced software capabilities with PaymentVision's robust payment processing technology, setting a new standard for efficiency and effectiveness in debt settlement.
  • Together, PaymentVision and JST are committed to bringing companies into the future of debt settlement.
  • We invite companies across all sectors to embrace this transformative solution and join us in redefining the future of payment processing and debt settlement.