Senior debt

Tripadvisor Announces Pricing of $500 Million Senior Notes Offering

Retrieved on: 
Wednesday, July 8, 2020
Expedia Group, TripAdvisor, Operating systems, Software, Debt, Senior debt, Companies

NEEDHAM, Mass., July 8, 2020 /PRNewswire/ --Tripadvisor, Inc. (Nasdaq: TRIP) ("Tripadvisor") today announced that it has priced an offering of $500 million aggregate principal amount of new 7.000% senior notes due 2025 (the "Notes") in a private offering.

Key Points: 
  • NEEDHAM, Mass., July 8, 2020 /PRNewswire/ --Tripadvisor, Inc. (Nasdaq: TRIP) ("Tripadvisor") today announced that it has priced an offering of $500 million aggregate principal amount of new 7.000% senior notes due 2025 (the "Notes") in a private offering.
  • The Notes will be senior unsecured obligations of Tripadvisor and will be guaranteed by each of its domestic subsidiaries that guarantees Tripadvisor's credit facility.
  • Tripadvisor intends to use the net proceeds from the offering for general corporate purposes.
  • Any offers of the Notes and related guarantees are being made only by means of a private offering memorandum.

Alcoa Corporation Announces Pricing of Debt Offering

Retrieved on: 
Wednesday, July 8, 2020
Engineering, Other Natural Resources, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Alcoa, Forward-looking statement, Senior debt, Companies, Economy of the United States, Tennessee

Alcoa Corporation (NYSE:AA) (Alcoa) announced today that Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa, has priced an offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027.

Key Points: 
  • Alcoa Corporation (NYSE:AA) (Alcoa) announced today that Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa, has priced an offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027.
  • The notes will be guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.
  • All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements.
  • Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.

Alcoa Corporation Announces Proposed Debt Offering

Retrieved on: 
Wednesday, July 8, 2020
Engineering, Other Natural Resources, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Alcoa, Forward-looking statement, Senior debt, Companies, Economy of the United States, Tennessee

Alcoa Corporation (NYSE:AA) (Alcoa) announced today a proposed offering of senior notes (the notes) by Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa.

Key Points: 
  • Alcoa Corporation (NYSE:AA) (Alcoa) announced today a proposed offering of senior notes (the notes) by Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa.
  • The notes will be guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries.
  • All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements.
  • Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.

Avantor® Announces Offering of Senior Notes

Retrieved on: 
Tuesday, July 7, 2020
Debt, Senior debt

RADNOR, Pa., July 7, 2020 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR) ("Avantor"), a leading global provider of mission critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today the commencement of a private offering of dollar-denominated and euro-denominated senior notes (the "Notes") to be issued by its wholly-owned subsidiary, Avantor Funding, Inc. (the "Issuer").

Key Points: 
  • RADNOR, Pa., July 7, 2020 /PRNewswire/ -- Avantor, Inc. (NYSE: AVTR) ("Avantor"), a leading global provider of mission critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today the commencement of a private offering of dollar-denominated and euro-denominated senior notes (the "Notes") to be issued by its wholly-owned subsidiary, Avantor Funding, Inc. (the "Issuer").
  • The Notes will be guaranteed on a joint and several basis by Vail Holdco Sub LLC, the Issuer's direct parent and a direct wholly-owned subsidiary of Avantor ("Holdco"), and by each of Holdco's wholly-owned domestic subsidiaries that guarantees obligations under the Issuer's senior secured credit facilities.
  • The Issuer intends to use the net proceeds from the sale of the Notes, along with cash on hand, to redeem a portion of its 9.000% Senior Notes due 2025 and to pay all fees and expenses related thereto.
  • Avantor, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries.

Charter Prices $1.5 Billion Senior Unsecured Notes

Retrieved on: 
Tuesday, July 7, 2020
Debt, Senior debt, Charter Communications, Economy of the United States, Economy, Companies

STAMFORD, Conn., July 6, 2020 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (alongwith its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "Issuers"), have priced $1.5 billion in aggregate principal amount of senior unsecured notes due 2031 (the "Notes").

Key Points: 
  • STAMFORD, Conn., July 6, 2020 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (alongwith its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "Issuers"), have priced $1.5 billion in aggregate principal amount of senior unsecured notes due 2031 (the "Notes").
  • The Notes will bear interest at a rate of 4.250% per annum and will be issued at a price of 100.000% of the aggregate principal amount.
  • The Issuers intend to use the net proceeds from the sale of the Notes for general corporate purposes, including to repay certain indebtedness under the Issuers' existing senior notes (including to potentially partially redeem the Issuers' 5.875% senior notes due 2024), and to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to pay related fees and expenses.
  • Charter expects to close the offering of the Notes on July 9, 2020, subject to customary closing conditions.

PVH Corp. Announces Launch of Private Offering of Senior Notes

Retrieved on: 
Monday, July 6, 2020
Manufacturing, Fashion, Textiles, Retail, Department Stores, Finance, Money, Economy, Credit, PVH, Senior debt, Debt

PVH Corp. [NYSE: PVH] today announced that it has commenced a private offering of senior notes (the Notes).

Key Points: 
  • PVH Corp. [NYSE: PVH] today announced that it has commenced a private offering of senior notes (the Notes).
  • The Notes will be general unsecured senior obligations of the company and will rank equally with all of the companys other senior unsecured indebtedness.
  • The company intends to use the net proceeds from the offering for general corporate purposes, including, among other things, the repayment of outstanding indebtedness.
  • PVH has over 40,000 associates operating in over 40 countries and $9.9 billion in annual revenues.

Just Energy Announces Amendments to Debt Covenants

Retrieved on: 
Thursday, July 2, 2020
Consumer fraud, Just Energy, TerraPass, Amigo Energy, Senior debt

In addition, the lenders under the Companys senior unsecured term loan facility waived compliance with the senior debt to EBITDA and total debt to EBITDA covenants contained therein for the fiscal quarter ending June 30, 2020.

Key Points: 
  • In addition, the lenders under the Companys senior unsecured term loan facility waived compliance with the senior debt to EBITDA and total debt to EBITDA covenants contained therein for the fiscal quarter ending June 30, 2020.
  • The relaxation of our debt covenants provides Just Energy with increased financial flexibility as we navigate the unique challenges brought about by COVID-19, said Scott Gahn, President and Chief Executive Officer of Just Energy.
  • About Just Energy Group Inc.
    Just Energyis a consumer company focused on essential needs, including electricity and natural gas commodities; health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers.
  • Currently operating inthe United StatesandCanada,Just Energyserves residential and commercial customers.Just Energyis the parent company of Amigo Energy,EdgePower Inc.,Filter Group Inc., Hudson Energy,Interactive Energy Group, Tara Energy, and TerraPass.

Parkland Announces Closing of $400 Million Offering of Senior Unsecured Notes

Retrieved on: 
Tuesday, June 23, 2020
Bond market, Contract law, Indenture, Senior debt

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
    CALGARY, Alberta, June 23, 2020 (GLOBE NEWSWIRE) -- Parkland Corporation (Parkland, "we", the "Company", or "our") (TSX:PKI), announced today the closing of its previously announced private placement (the "Offering") of $400 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes").
  • Parkland intends to use the net proceeds from the Offering along with cash on hand to redeem all of the outstanding: (i) $200 million aggregate principal amount of 5.50% senior notes (the "5.50% Senior Notes") with a final maturity date of May 28, 2021; and (ii) $200 million aggregate principal amount of 6.00% senior notes (the "6.00% Senior Notes") with a final maturity date of November 21, 2022.
  • Pursuant to the terms of the indenture governing the 5.50% Senior Notes, Parkland has issued a notice of redemption dated June 16, 2020 to redeem all of the outstanding 5.50% Senior Notes.
  • In addition, pursuant to the terms of the indenture governing the 6.00% Senior Notes, Parkland has issued a notice of redemption to redeem all of the outstanding 6.00% Senior Notes, also dated June 16, 2020.

CommScope Prices $700 Million Senior Notes Offering

Retrieved on: 
Monday, June 22, 2020
Professional services, Technology, Mobile, Wireless, Telecommunications, Finance, Networks, Economy, Finance, Debt, Stock market, CommScope, Hickory, North Carolina, Companies, Senior debt, Security, Issuer

CommScope Holding Company, Inc. (NASDAQ: COMM) announced that its wholly owned subsidiary, CommScope, Inc. (the Issuer), priced its offering of $700 million in aggregate principal amount of 7.125% senior unsecured notes due 2028 (the Notes).

Key Points: 
  • CommScope Holding Company, Inc. (NASDAQ: COMM) announced that its wholly owned subsidiary, CommScope, Inc. (the Issuer), priced its offering of $700 million in aggregate principal amount of 7.125% senior unsecured notes due 2028 (the Notes).
  • The Issuer currently intends to use the net proceeds of the offering of the Notes, together with cash on hand, to (i) redeem and retire the $50 million outstanding aggregate principal amount of its 5.00% senior notes due 2021, (ii) redeem and retire the $650 million outstanding aggregate principal amount of its 5.50% senior notes due 2024 and (iii) pay fees and expenses related to the foregoing (collectively, the Refinancing Transactions).
  • The offering of the Notes is expected to close on July 1, 2020, subject to customary closing conditions.
  • This press release does not constitute a notice of redemption with respect to the Issuers 5.00% senior notes due 2021 or 5.50% senior notes due 2024 or any other securities.

American Airlines Announces Proposed Offering of Senior Secured Notes and New Term Loan

Retrieved on: 
Sunday, June 21, 2020
Economy, Debt, Airline, AAL, Senior debt

FORT WORTH, Texas, June 21, 2020 (GLOBE NEWSWIRE) -- American Airlines, Inc. (NASDAQ: AAL) (the Company) today announced a proposed private offering of $1.5 billion aggregate principal amount of secured senior notes due 2025 (the Notes).

Key Points: 
  • FORT WORTH, Texas, June 21, 2020 (GLOBE NEWSWIRE) -- American Airlines, Inc. (NASDAQ: AAL) (the Company) today announced a proposed private offering of $1.5 billion aggregate principal amount of secured senior notes due 2025 (the Notes).
  • The Notes will be guaranteed on a senior unsecured basis by American Airlines Group Inc. (the Guarantor).
  • The Company also announced it intends to enter into a new$500 millionTerm Loan B Facility due 2024 (the Term Loan) concurrently with the closing of the offering of the Notes.
  • Neither the closing of the Notes offering nor the Term Loan is conditioned upon the closing of the other financing.