Senior debt

United Rentals Announces Pricing of Offering of $750 Million of 3.750% Senior Notes due 2032

Retrieved on: 
Friday, July 30, 2021

United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.

Key Points: 
  • United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.
  • URNAs obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNAs domestic subsidiaries.
  • Pending the payment of the redemption price for the 5% Senior Notes due 2026, the net proceeds from the offering of the Notes will be applied to reduce borrowings under the ABL Facility.
  • This news release shall not constitute a notice of redemption under the optional redemption provisions of the indenture governing URNAs 5% Senior Notes due 2026.

 United Rentals Announces Proposed Offering of $750 Million of Senior Notes due 2032

Retrieved on: 
Friday, July 30, 2021

United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), is offering $750 million principal amount of Senior Notes due 2032 (the Notes) in a registered public offering.

Key Points: 
  • United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), is offering $750 million principal amount of Senior Notes due 2032 (the Notes) in a registered public offering.
  • URNAs obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNAs domestic subsidiaries.
  • Aggregate net proceeds from the sale of the Notes are expected to be approximately $743 million after underwriting discounts and commissions and payments of estimated fees and expenses.
  • Pending the payment of the redemption price for the 5% Senior Notes due 2026, the net proceeds from the offering of the Notes will be applied to reduce borrowings under the ABL Facility.

Constellation Brands Prices Offering of Senior Notes

Retrieved on: 
Wednesday, July 21, 2021

VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0billion of 2.250% Senior Notes due 2031 (the notes) for a public offering price of 99.555% of the principal amount of the notes.

Key Points: 
  • VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0billion of 2.250% Senior Notes due 2031 (the notes) for a public offering price of 99.555% of the principal amount of the notes.
  • The notes will be senior obligations that rank equally with all of Constellations other senior unsecured indebtedness.
  • Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 2.700% senior notes due 2022 in the aggregate principal amount of $500.0 million and for general corporate purposes, which may include the repayment of near-term debt maturities.
  • Constellation Brands is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy.

Performance Food Group Company Announces Upsizing and Pricing of Offering of $1.0 billion of 4.250% Senior Notes due 2029

Retrieved on: 
Monday, July 12, 2021

Performance Food Group Company (PFG) (NYSE: PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the Issuer) upsized and priced its previously announced offering of $1.0 billion aggregate principal amount of 4.250% Senior Notes due 2029 (the notes).

Key Points: 
  • Performance Food Group Company (PFG) (NYSE: PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the Issuer) upsized and priced its previously announced offering of $1.0 billion aggregate principal amount of 4.250% Senior Notes due 2029 (the notes).
  • The offering was upsized from the previously announced offering size of $780 million.
  • The notes will be guaranteed by the Issuer and all of the Issuer's existing and future material wholly-owned domestic restricted subsidiaries, subject to certain exceptions.
  • Built on the many proud histories of our family of companies, Performance Food Group is a customer-centric foodservice distribution leader headquartered in Richmond, Virginia.

Performance Food Group Company Announces Intention to Offer $780 Million of Senior Notes

Retrieved on: 
Monday, July 12, 2021

Performance Food Group Company (PFG) (NYSE: PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the Issuer), intends, subject to market and other conditions, to offer $780 million aggregate principal amount of Senior Notes due 2029 (the notes).

Key Points: 
  • Performance Food Group Company (PFG) (NYSE: PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the Issuer), intends, subject to market and other conditions, to offer $780 million aggregate principal amount of Senior Notes due 2029 (the notes).
  • The notes will be guaranteed by the Issuer and all of the Issuer's existing and future material wholly-owned domestic restricted subsidiaries, subject to certain exceptions.
  • The closing of the offering is not conditioned on the closing of the Acquisition.
  • Built on the many proud histories of our family of companies, Performance Food Group is a customer-centric foodservice distribution leader headquartered in Richmond, Virginia.

Notification of ISIN and Common Codes in Connection with Offer to Exchange the 9⅜% Senior Notes Due 2022 and Offer to Subscribe for Additional 9.0% Senior Secured Notes Due 2025

Retrieved on: 
Tuesday, June 29, 2021

For Qualifying Noteholders Participating in the Super Senior Notes Offer, the deadline for submitting Custody Instructions to DTC on the Exchange Offer and the Consent Solicitation is July 7, 2021.

Key Points: 
  • For Qualifying Noteholders Participating in the Super Senior Notes Offer, the deadline for submitting Custody Instructions to DTC on the Exchange Offer and the Consent Solicitation is July 7, 2021.
  • In connection with the Super Senior Notes Offer, the UK Issuer hereby notifies Qualifying Noteholders of the following temporary ISIN and common codes with respect to the additional Super Senior Notes to be issued on the Settlement Date:
    The Super Senior Notes Offer Subscription Deadline is July 7, 2021.
  • Capitalized terms used but not defined in this release shall have the meanings set forth in the Offering and Consent Solicitation Memorandum.
  • You should not place undue reliance on any forward-looking statements, which are made only as of the date of this press release.

Vivint Announces Intention to Offer New Senior Notes

Retrieved on: 
Monday, June 28, 2021

Vivint Smart Home, Inc. (the Company), announced that its wholly owned subsidiary, APX Group, Inc. (the Issuer), intends, subject to market and other conditions, to offer $900.0 million aggregate principal amount of Senior Notes due 2029 (the Notes) in a private placement.

Key Points: 
  • Vivint Smart Home, Inc. (the Company), announced that its wholly owned subsidiary, APX Group, Inc. (the Issuer), intends, subject to market and other conditions, to offer $900.0 million aggregate principal amount of Senior Notes due 2029 (the Notes) in a private placement.
  • The Issuer intends to use the net proceeds from the Notes offering, together with the proceeds from new senior secured credit facilities, to (i) redeem all $677.0 million of its outstanding 7.875% Senior Secured Notes due 2022 (the 2022 Notes), (ii) redeem all $400.0 million of its outstanding 7.625% Senior Notes due 2023 (the 2023 Notes), (iii) redeem all $225.0 million of its outstanding 8.500% Senior Secured Notes due 2024 (the 2024 Notes and together with the 2022 Notes and the 2023 Notes, the Redeemed Notes), (iv) repay amounts outstanding, and to terminate all commitments, under its existing credit facilities and (v) pay the related redemption premiums and all fees and expenses related thereto.
  • The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the Securities Act) or any state securities laws.
  • Nothing in this press release constitutes a notice of redemption with respect to the 2022 Notes, the 2023 Notes and the 2024 Notes.

APi Group Announces Closing of Senior Notes Offering

Retrieved on: 
Tuesday, June 22, 2021

APi Group Corporation (NYSE: APG) (APG, or APi or the Company) today announced that it has closed its previously announced private offering by APi Group DE, Inc., a wholly-owned subsidiary of the Company, of $350 million aggregate principal amount of 4.125% Senior Notes due 2029 (the Notes).

Key Points: 
  • APi Group Corporation (NYSE: APG) (APG, or APi or the Company) today announced that it has closed its previously announced private offering by APi Group DE, Inc., a wholly-owned subsidiary of the Company, of $350 million aggregate principal amount of 4.125% Senior Notes due 2029 (the Notes).
  • The Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Companys existing and future domestic subsidiaries.
  • The Company intends to use the net proceeds from the sale of the Notes to repay outstanding indebtedness and for general corporate purposes, as well as for transaction fees and expenses.
  • This press release contains forward-looking statements, including, but not limited to, statements regarding the Companys planned use of any proceeds from the offering of the Notes.

APi Group Announces Pricing of Upsized $350 Million Senior Notes Offering

Retrieved on: 
Wednesday, June 16, 2021

APi Group Corporation (NYSE: APG) (APG, or APi or the Company) today announced the upsizing and pricing of the previously announced offering by APi Group DE, Inc., a wholly-owned subsidiary of the Company, of $350 million aggregate principal amount of 4.125% Senior Notes due 2029 at an issue price of $1,000 per $1,000 principal amount (the Notes), representing a $50 million increase from the original offering size.

Key Points: 
  • APi Group Corporation (NYSE: APG) (APG, or APi or the Company) today announced the upsizing and pricing of the previously announced offering by APi Group DE, Inc., a wholly-owned subsidiary of the Company, of $350 million aggregate principal amount of 4.125% Senior Notes due 2029 at an issue price of $1,000 per $1,000 principal amount (the Notes), representing a $50 million increase from the original offering size.
  • The private offering is expected to close on June 22, 2021, subject to customary closing conditions.
  • The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Companys existing and future domestic subsidiaries.
  • The Company estimates that the gross proceeds from the sale of the Notes will be approximately $350 million, before deducting estimated fees and expenses.

Precision Drilling Corporation Announces Closing of Offering of US$400,000,000 of 6.875% Senior Notes Due 2029 and Redemption of 7.75% Senior Notes Due 2023 and 5.25% Senior Notes Due 2024

Retrieved on: 
Tuesday, June 15, 2021

The Notes are guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries of Precision that also guarantee Precisions revolving credit facility and certain other future indebtedness.

Key Points: 
  • The Notes are guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries of Precision that also guarantee Precisions revolving credit facility and certain other future indebtedness.
  • As previously announced, Precision will use the net proceeds from the offering, together with unutilized capacity under its revolving credit facility to: (i) redeem in full US$286 million aggregate principal amount of its 7.750% Senior Notes due 2023 (the 2023 Notes) and (ii) redeem in full US$263 million aggregate principal amount of its 5.250% Senior Notes due 2024 (2024 Notes).
  • The redemption of the 2023 Notes and 2024 Notes will occur on June 16, 2021 and interest will cease to accrue on the 2023 Notes and 2024 Notes on that date.
  • Additionally, Precision offers well service rigs, camps and rental equipment and directional drilling services all backed by a comprehensive mix of technical support services and skilled, experienced personnel.