Senior debt

LPL Financial Announces Proposed Senior Unsecured Notes Offering

Retrieved on: 
Monday, May 10, 2021
LPL Financial, Computer companies, Senior debt, Dell, Finance, Companies

b"SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (\xe2\x80\x9cLPL Holdings\xe2\x80\x9d), intends to offer approximately $400 million in aggregate principal amount of senior unsecured notes due 2031 (the \xe2\x80\x9csenior notes\xe2\x80\x9d).

Key Points: 
  • b"SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (\xe2\x80\x9cLPL Holdings\xe2\x80\x9d), intends to offer approximately $400 million in aggregate principal amount of senior unsecured notes due 2031 (the \xe2\x80\x9csenior notes\xe2\x80\x9d).
  • LPL Holdings intends to use the net proceeds from the senior notes offering, together with corporate cash, to repay borrowings on its existing revolving credit facility related to its acquisition of the wealth management business of Waddell & Reed Financial, Inc. on April 30, 2021, and to pay fees and expenses related to the senior notes offering.
  • The launch and consummation of the senior notes offering are subject to market and other conditions.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy the senior notes.
  • The Company can give no assurance that the senior notes offering will be completed.

GMS Announces Upsize and Pricing of Senior Notes Offering

Retrieved on: 
Thursday, April 15, 2021
Retail, Other Retail, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Debt, Senior debt

The Senior Notes will bear interest at an annual rate of 4.625%.

Key Points: 
  • The Senior Notes will bear interest at an annual rate of 4.625%.
  • The Senior Notes will be issued at par.
  • The Company expects to close the offering on or about April 22, 2021, subject to the satisfaction of customary closing conditions.\nThe Senior Notes will be senior unsecured obligations of the Company.
  • These risks and uncertainties include, but are not limited to, market conditions affecting the offering.

Forestar Announces Pricing of $400 Million Offering of Senior Unsecured Notes

Retrieved on: 
Wednesday, April 7, 2021
Construction & Property, Residential Building & Real Estate, Finance, Money, Debt, Economy, Forestar Group, Senior debt, Unsecured debt, Promissory note, Secured loan

Forestar Group Inc. (NYSE: FOR) (Forestar) today announced that it has priced an offering of $400 million aggregate principal amount of 3.850% senior unsecured notes due 2026 (the Notes).

Key Points: 
  • Forestar Group Inc. (NYSE: FOR) (Forestar) today announced that it has priced an offering of $400 million aggregate principal amount of 3.850% senior unsecured notes due 2026 (the Notes).
  • The Notes will rank equally in right of payment to all of Forestars existing and future senior unsecured debt.
  • Interest will be payable semi-annually at a rate of 3.850% per year for the Notes.
  • Forestar intends to use the net proceeds from this offering to fund the redemption of its $350 million aggregate principal amount of existing 8.000% Senior Notes due 2024.

CoreCivic Announces Proposed $400 Million Senior Notes Offering

Retrieved on: 
Wednesday, April 7, 2021
Finance, Money, Economy, Debt, Senior debt

The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivics subsidiaries that guarantee its senior secured credit facilities and its other indebtedness.

Key Points: 
  • The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivics subsidiaries that guarantee its senior secured credit facilities and its other indebtedness.
  • CoreCivic intends to use a significant amount of the net proceeds from the offering of the Notes (i) to redeem all $250 million principal amount of its outstanding 5.00% senior notes due 2022 (the 2022 Senior Notes), including the payment of the applicable make-whole amount and accrued interest, and (ii) to otherwise repay or reduce its other indebtedness, which may include repurchasing or redeeming a portion of its $350 million principal amount of 4.625% senior notes due 2023 (the 2023 Senior Notes).
  • There can be no assurance that the offering of the Notes, the redemption of the 2022 Senior Notes, or any other debt reduction will be consummated.
  • This press release includes forward-looking statements regarding CoreCivics intention to issue the Notes and its intended use of the net proceeds from the issuance of the Notes.

Arcosa, Inc. Announces Pricing of $400 Million of 4.375% Senior Notes Due 2029

Retrieved on: 
Wednesday, March 31, 2021
Other Construction & Property, Engineering, Construction & Property, Manufacturing, Debt, Senior debt

Arcosa, Inc. (NYSE: ACA) (Arcosa), a provider of infrastructure-related products and solutions, today announced the pricing of its previously announced private offering of $400 million aggregate principal amount of 4.375% senior notes due 2029 (the Notes).

Key Points: 
  • Arcosa, Inc. (NYSE: ACA) (Arcosa), a provider of infrastructure-related products and solutions, today announced the pricing of its previously announced private offering of $400 million aggregate principal amount of 4.375% senior notes due 2029 (the Notes).
  • The Notes offering is expected to close on April 6, 2021, subject to customary conditions.
  • The closing of the offering is not conditioned upon the completion of the StonePoint acquisition.
  • The Notes will be senior unsecured obligations of Arcosa and will initially be guaranteed on a senior unsecured basis by each of Arcosas domestic subsidiaries that is a guarantor under its existing senior credit facility.

Meritage Homes Announces Offering of $400 Million of Senior Unsecured Notes Due 2029

Retrieved on: 
Wednesday, March 31, 2021
Debt, Senior debt, Meritage

Meritage intends to use a portion of the proceeds to redeem all of its $300 million aggregate principal amount of 7.00% senior notes due 2022 (existing notes).

Key Points: 
  • Meritage intends to use a portion of the proceeds to redeem all of its $300 million aggregate principal amount of 7.00% senior notes due 2022 (existing notes).
  • Final terms of the notes, including the interest rate, maturity date and other terms, will be determined through negotiations between Meritage and the initial purchasers of the notes.
  • The notes will be Meritages senior unsecured and unsubordinated obligations and rank equally with all of its other senior unsecured and unsubordinated indebtedness from time to time outstanding.
  • Such statements include management's intention to offer $400 million of notes and to use a portion of the proceeds to redeem its existing notes.

Arcosa, Inc. Announces Proposed Offering of $400 Million of Senior Notes

Retrieved on: 
Monday, March 29, 2021
Construction & Property, Other Manufacturing, Other Transport, Engineering, Logistics, Supply chain management, Other Construction & Property, Transport, Manufacturing, Debt, Senior debt

Arcosa, Inc. (NYSE: ACA) (Arcosa), a provider of infrastructure-related products and solutions, today announced that it intends to commence, subject to market conditions and other factors, a private offering of $400 million aggregate principal amount of senior notes due 2029 (the Notes).

Key Points: 
  • Arcosa, Inc. (NYSE: ACA) (Arcosa), a provider of infrastructure-related products and solutions, today announced that it intends to commence, subject to market conditions and other factors, a private offering of $400 million aggregate principal amount of senior notes due 2029 (the Notes).
  • The closing of the offering is not conditioned upon the completion of the StonePoint acquisition.
  • The Notes will be senior unsecured obligations of Arcosa and will initially be guaranteed on a senior unsecured basis by each of Arcosas domestic subsidiaries that is a guarantor under its existing senior credit facility.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Dycom Industries, Inc. Announces Pricing Of $500 Million Of 4.50% Senior Notes Due 2029

Retrieved on: 
Thursday, March 25, 2021
Credit, Line of credit, Senior debt

The senior notes will be guaranteed on a senior unsecured basis, jointly and severally, by all of Dycom's domestic subsidiaries that guarantee its senior credit facility.

Key Points: 
  • The senior notes will be guaranteed on a senior unsecured basis, jointly and severally, by all of Dycom's domestic subsidiaries that guarantee its senior credit facility.
  • Dycom expects to close the offering on or about April 1, 2021, subject to the satisfaction of customary closing conditions.
  • Concurrently with the senior notes offering, Dycom has received commitments to amend its existing senior credit facility to, among other things, provide for a five year, senior credit facility, consisting of a $650.0 million revolving credit facility and a $350.0 million term loan.
  • Dycom expects the senior notes offering and the amendment to its senior credit facility to close concurrently on April 1, 2021, subject to customary closing conditions and necessary approvals.

Alcoa Corporation Announces Closing of Debt Offering

Retrieved on: 
Wednesday, March 24, 2021
Engineering, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Steel, Alcoa, Forward-looking statement, Senior debt, Geography of Tennessee, Companies, Articles

Alcoa Corporation (NYSE:AA) (Alcoa) announced today that Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 4.125% senior notes due 2029 (the notes).

Key Points: 
  • Alcoa Corporation (NYSE:AA) (Alcoa) announced today that Alcoa Nederland Holding B.V. (the issuer), a wholly-owned subsidiary of Alcoa, closed its offering of $500,000,000 aggregate principal amount of 4.125% senior notes due 2029 (the notes).
  • The notes are 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.

Dycom Industries, Inc. Announces Proposed Offering of $400 Million of Senior Notes Due 2029

Retrieved on: 
Wednesday, March 24, 2021
Credit, Debt, Senior debt, Line of credit

The senior notes will be guaranteed on a senior unsecured basis, jointly and severally, by all of Dycom's domestic subsidiaries that guarantee its senior credit facility.

Key Points: 
  • The senior notes will be guaranteed on a senior unsecured basis, jointly and severally, by all of Dycom's domestic subsidiaries that guarantee its senior credit facility.
  • Concurrently with the senior notes offering, Dycom is seeking to amend its existing senior credit facility to, among other things, provide for a five year, senior credit facility, consisting of a $650.0 million revolving credit facility and a $350.0 million term loan.
  • The consummation of the senior notes offering is not conditioned upon the consummation of the amendment to the existing senior credit facility and there can be no assurance that Dycom will be able to consummate either the proposed senior notes offering or the amendment to its existing senior credit facility.
  • These statements include those related to Dycom's proposed senior notes offering and amendment to the existing senior credit facility and the application of the net proceeds of the proposed senior notes offering as described above (collectively, the "Transactions") and are subject to change.