Expiration date

Valaris Announces Consent Solicitation with Respect to its Senior Secured First Lien Notes due 2028

Retrieved on: 
Monday, August 15, 2022 - 12:00pm

Any consenting holder will not be permitted to trade its Notes, unless such holder validly revokes its consent, between the time that it provides such consent and the Expiration Date.

Key Points: 
  • Any consenting holder will not be permitted to trade its Notes, unless such holder validly revokes its consent, between the time that it provides such consent and the Expiration Date.
  • As a result, the Consent Fee for the Notes will range from $5.00 per $1,000 (if all holders consent) to approximately $10.00 per $1,000 (if holders of only a majority of the aggregate principal amount of the Notes consent).
  • The Proposed Amendments will be effected through a supplemental indenture with respect to the Notes, to be executed promptly after receipt of the Required Consents.
  • Full details of the terms and conditions of the Consent Solicitation are included in the consent solicitation statement, dated August 15, 2022.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering

Retrieved on: 
Thursday, August 11, 2022 - 9:30pm

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.

Key Points: 
  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.
  • For every three Rights held, a holder of Rights may buy one new share of common stock of the Fund.
  • The Rights are expected to be listed and tradable on the New York Stock Exchange (NYSE) under the ticker: OPP.RT.
  • The Company expects to mail subscription certificates evidencing the subscription rights and a copy of the prospectus supplement and accompanying prospectus for the rights offering shortly following the Record Date.

VERSES announces Closing of $5,240,000 First Tranche of Private Placement

Retrieved on: 
Thursday, August 11, 2022 - 1:00pm

VANCOUVER, British Columbia, Aug. 11, 2022 (GLOBE NEWSWIRE) -- VERSES Technologies Inc. (NEO: VERS) (“VERSES” or the “Company”), a contextual computing platform provider specializing in the next generation of artificial intelligence solutions, is pleased to announce that further to its news release dated August 10, 2022, it has completed the first tranche of its non-brokered private placement (“Private Placement”) of units (“Units”) for gross proceeds of C$5,240,000 through the sale of 5,240,000 Units at a price of C$1.00 per Unit.

Key Points: 
  • Each Warrant is exercisable into one Class A Share at a price of CAD$1.20 per share until August 15, 2025.
  • The proceeds from the Private Placement are intended to be used for general working capital purposes.
  • Additional tranches of the Private Placement remain subject to the acceptance by the NEO.
  • All securities issued pursuant to the Private Placement are and will be subject to a four month hold period from the date of issue.

VERSES Announces $10,000,000 Private Placement

Retrieved on: 
Wednesday, August 10, 2022 - 1:00pm

VANCOUVER, British Columbia, Aug. 10, 2022 (GLOBE NEWSWIRE) -- VERSES Technologies Inc. (NEO: VERS) (VERSES or the Company), a contextual computing platform provider specializing in the next generation of artificial intelligence solutions, is pleased to announce a non-brokered private placement of units (Units) for gross proceeds of up to C$10,000,000 through the sale of up to 10,000,000 Units at a price of C$1.00 per Unit (the Private Placement).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 10, 2022 (GLOBE NEWSWIRE) -- VERSES Technologies Inc. (NEO: VERS) (VERSES or the Company), a contextual computing platform provider specializing in the next generation of artificial intelligence solutions, is pleased to announce a non-brokered private placement of units (Units) for gross proceeds of up to C$10,000,000 through the sale of up to 10,000,000 Units at a price of C$1.00 per Unit (the Private Placement).
  • The proceeds from the Private Placement are intended to be used for general working capital purposes.
  • All securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue.
  • Certain insiders of the Company are expected to purchase Units offered in connection with the Private Placement.

Lumen Announces Early Tender Results

Retrieved on: 
Saturday, August 6, 2022 - 2:11am

(4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.

Key Points: 
  • (4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.
  • (5) As further described in the Offer to Purchase and Solicitation Statement, the Lumen Notes are also subject to the Series Tender Cap of $350,000,000.
  • Because the aggregate principal amount of Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date did not exceed the Aggregate Maximum Tender Amount or the Series Tender Cap, the applicable offeror intends to purchase all of the Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date on the terms described below.
  • Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States.

Prime Healthcare Services Announces Modified Dutch Auction Cash Tender Offer for 7.250% Senior Secured Notes Maturing November 2025

Retrieved on: 
Thursday, August 4, 2022 - 10:11pm

Notes validly tendered after the Withdrawal Date may not be withdrawn or revoked, unless otherwise required by law.

Key Points: 
  • Notes validly tendered after the Withdrawal Date may not be withdrawn or revoked, unless otherwise required by law.
  • The Tender Offer is subject to the satisfaction or waiver of a number of conditions as set forth in the Offer to Purchase.
  • The Company may amend, extend or terminate the Tender Offer in its sole discretion and subject to applicable law.
  • Fourteen of the Prime Healthcare hospitals are members of the Prime Healthcare Foundation, a 501(c)(3) not-for-profit public charity.

HP Announces Extension of the Expiration Date for Exchange Offer for Plantronics Notes

Retrieved on: 
Monday, August 1, 2022 - 11:55pm

PALO ALTO, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) (HP or the Company) announced today that it has extended the expiration date of the previously announced offer to exchange (the Exchange Offer) any and all outstanding notes (the Poly Notes) of Plantronics, Inc. (NYSE: POLY) (Poly) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the HP Notes).

Key Points: 
  • PALO ALTO, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) (HP or the Company) announced today that it has extended the expiration date of the previously announced offer to exchange (the Exchange Offer) any and all outstanding notes (the Poly Notes) of Plantronics, Inc. (NYSE: POLY) (Poly) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the HP Notes).
  • As of 5:00 p.m., New York City time, on August1, 2022, holders validly tendered $490,556,000 in aggregate principal amount of Poly Notes pursuant to the Exchange Offer.
  • Tenders of Poly Notes made pursuant to the Exchange Offer may be validly withdrawn at or prior to the Expiration Date.
  • The HP Notes offered in the Exchange Offer have not been registered under the Securities Act of 1933, as amended, or any state securities laws.

 Murphy Oil Corporation Announces Cash Tender Offers for Outstanding Debt Securities

Retrieved on: 
Monday, August 1, 2022 - 9:10pm

Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.

Key Points: 
  • Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.
  • The purpose of the tender offers is to reduce the Companys total debt and interest expense.
  • Global Bondholder Services Corporation is the Tender and Information Agent for the tender offers.
  • Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.

Pegasus Merger Co. Announces Extension of Tender Offers

Retrieved on: 
Tuesday, July 26, 2022 - 11:13pm

(2) Payable only to holders who validly tendered (and did not validly withdraw) Notes prior to the Early Tender Date.

Key Points: 
  • (2) Payable only to holders who validly tendered (and did not validly withdraw) Notes prior to the Early Tender Date.
  • Consummation of the Tender Offer and payment for the Notes validly tendered pursuant to the Tender Offer are subject to the satisfaction of certain conditions, including, but not limited to, the consummation of the Merger and a financing condition.
  • The Company reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer.
  • The full details of the Tender Offer and Consent Solicitation, including complete instructions on how to tender the Notes, are included in the Statement.

Lumen Announces Cash Tender Offers and Consent Solicitations

Retrieved on: 
Tuesday, July 26, 2022 - 12:55am

Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.

Key Points: 
  • Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.
  • However, if the Maximum Tender Offers are not fully subscribed as of the Early Tender Date, Maximum Tender Notes tendered at or before the Early Tender Date will be accepted for purchase in priority to other Maximum Tender Notes validly tendered after the Early Tender Date, even if such Maximum Tender Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Maximum Tender Notes tendered prior to the Early Tender Date, in all cases as further described in the Offer to Purchase and Consent Solicitation Statement.
  • Holders of the Notes are encouraged to read the Offer to Purchase and Consent Solicitation Statement, as it contains important information regarding the Tender Offers and the Consent Solicitations.
  • The Tender Offers and the Consent Solicitations are only being made pursuant to the Offer to Purchase and Consent Solicitation Statement.