Tender offer

Ørsted successfully issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, ANY, Tender offer, ITS, A/S, EUR, NOT, AS

Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).

Key Points: 
  • Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % hybrid capital securities issued in 2017, which is callable at par on the first reset date, 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted has also invited holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Key details of the new EUR 750 million subordinated green hybrid capital securities:
    •    Fixed coupon until 14 December 2029: 5.125 % p.a.

Bowlin Travel Centers, Inc. Announces Closing of Issuer Tender Offer

Retrieved on: 
Wednesday, March 6, 2024
Letter, Expiration, Sale, OTC Markets Group, Tender offer, Bowlin Travel Centers, Security (finance)

The Tender Offer expired at 5:00 p.m., New York City time, on March 1, 2024 (the “Expiration Date”).

Key Points: 
  • The Tender Offer expired at 5:00 p.m., New York City time, on March 1, 2024 (the “Expiration Date”).
  • This is according to the information provided by Equiniti Trust Company, LLC, the depositary agent for the Tender Offer, and D.F.
  • The Company reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer.
  • No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029

Retrieved on: 
Tuesday, March 5, 2024
Prospectus, CoreCivic, Telephone, Sale, Form, CXW, Tender offer, Security (finance), Form S-3

BRENTWOOD, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it successfully upsized and priced its offering of $500 million aggregate principal amount of 8.25% senior notes due 2029 (the “Notes”).

Key Points: 
  • BRENTWOOD, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it successfully upsized and priced its offering of $500 million aggregate principal amount of 8.25% senior notes due 2029 (the “Notes”).
  • The aggregate principal amount of the Notes to be issued in the offering was increased to $500 million from the previously announced $450 million.
  • The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its existing senior secured credit facilities, 4.75% senior unsecured notes due October 2027 and 8.25% senior unsecured notes due 2026 (the “2026 Notes”).
  • The aggregate net proceeds from the sale of the Notes are expected to be approximately $490.3 million, after deducting the underwriting discounts and estimated offering expenses.

CoreCivic, Inc. Announces Cash Tender Offer for Any and All of Its Outstanding 8.25% Senior Notes Due 2026

Retrieved on: 
Monday, March 4, 2024
Note, Sale, Tender offer, CUSIP, CoreCivic, Tender

Tendered 2026 Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) in the event the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after the commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after the commencement of the Tender Offer.

Key Points: 
  • Tendered 2026 Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) in the event the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after the commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after the commencement of the Tender Offer.
  • The Tender Offer is not conditioned upon any minimum amount of 2026 Notes being tendered, and the Notes Offering is not conditioned on the completion of the Tender Offer.
  • Full details of the terms and conditions of the Tender Offer are described in the Tender Offer Documents.
  • Holders of the 2026 Notes are encouraged to read the Tender Offer Documents, as such documents contain important information regarding the Tender Offer.

CoreCivic Announces Proposed $450 Million Senior Notes Offering

Retrieved on: 
Monday, March 4, 2024
Prospectus, CoreCivic, Telephone, Sale, Form, CXW, Tender offer, Security (finance), Form S-3

BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it intends to offer, subject to market and other conditions, up to $450 million aggregate principal amount of senior notes due 2029 (the “Notes”).

Key Points: 
  • BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it intends to offer, subject to market and other conditions, up to $450 million aggregate principal amount of senior notes due 2029 (the “Notes”).
  • The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its existing senior secured credit facilities, 4.75% senior unsecured notes due October 2027 and 8.25% senior unsecured notes due 2026 (the “2026 Notes”).
  • There can be no assurance that the offering of the Notes or the Tender Offer will be consummated.
  • The offering of the Notes is being made solely by means of a prospectus supplement and an accompanying prospectus.

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares

Retrieved on: 
Tuesday, February 20, 2024
MIAMI, Letter, NAV, Net asset value, Tender offer, Indian stock exchange, Security (finance), Tender, Cryptocurrency

MIAMI BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”).

Key Points: 
  • MIAMI BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”).
  • Under the terms of the Tender Offer the Fund is offering to purchase up to 10% of outstanding shares of the Fund at 97.5% of NAV.
  • Shareholders of the Fund should read the Offer to Purchase, the Letter of Transmittal and related exhibits, as they will contain important information about the Tender Offer.
  • Requests for more information, questions and requests for additional copies of the offer materials, please contact EQ Fund Solutions, LLC, the Information Agent for the Tender Offer, at (877) 291-1738.

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

Retrieved on: 
Saturday, March 9, 2024
Lodging, Destinations, Travel, Vacation, Attention, Person, Note, Telephone, Sale, Settlement date, Tender offer

The Tender Offer expired at 5:00 P.M., New York City time, on March 8, 2024 (the “Expiration Time”).

Key Points: 
  • The Tender Offer expired at 5:00 P.M., New York City time, on March 8, 2024 (the “Expiration Time”).
  • Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on February 22, 2024.
  • Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. are also redeeming $119,015,000 of the Notes on March 27, 2024.
  • Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. are the dealer managers for the Tender Offer.

Lazard Announces Commencement of Senior Notes Offering and Concurrent Tender Offer by Lazard Group LLC

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Finance, Letter, Prospectus, Telephone, Greenwich Street, Sale, Debt-to-GDP ratio, Information, Tender offer, Broadridge Financial Solutions, Security (finance), LAZ, Tender, Offering

Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”).

Key Points: 
  • Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing an offering (the “Offering”) of one or more series of its senior notes (the “Notes”).
  • The Notes would be senior unsecured obligations of Lazard Group.
  • Concurrently with the Offering, Lazard Group is commencing a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “2025 Notes”).
  • Citigroup Global Markets Inc. and Lazard Frères & Co. LLC are acting as joint lead book-running managers and joint lead managers for the Offering.

Lazard Announces Cash Tender Offer for 3.750% Senior Notes Due 2025 of Lazard Group LLC

Retrieved on: 
Wednesday, March 6, 2024
Banking, Professional Services, Finance, Letter, Note, Telephone, Greenwich Street, Settlement date, ATTN:, Tender offer, Interest, Tender, Security (finance)

Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including any such Notes tendered through guaranteed delivery procedures.

Key Points: 
  • Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase in the Tender Offer, including any such Notes tendered through guaranteed delivery procedures.
  • Citigroup Global Markets Inc. is acting as the lead dealer manager and Lazard Frères & Co. LLC is acting as co-dealer manager (together, the “Dealer Managers”) for the Tender Offer.
  • None of Lazard Group or its affiliates, their respective boards of directors, the Dealer Managers, the Tender Agent, the Information Agent or the trustee for the Notes makes any recommendation as to whether holders should tender any of their Notes.
  • Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of their Notes to tender.

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
Energy, Utilities, Oil, Gas, Morgan Stanley, Expiration, Accrued interest, Settlement date, Date, Debt, Tender offer, CUSIP, Tender, Settlement, Cryptocurrency

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.