Senior debt

Genpact Limited Announces Pricing of 1.750% Senior Notes due 2026 by Genpact Luxembourg S.à r.l. and Genpact USA, Inc.

Retrieved on: 
Tuesday, March 23, 2021
Companies, General Electric, RCA, Schenectady, New York, Thomas Edison, Genpact, Senior debt

("Genpact Luxembourg") and Genpact USA, Inc. ("Genpact USA"), of their underwritten public offering (the "Notes Offering") of $350 million aggregate principal amount of 1.750% senior notes due 2026 (the "Notes").

Key Points: 
  • ("Genpact Luxembourg") and Genpact USA, Inc. ("Genpact USA"), of their underwritten public offering (the "Notes Offering") of $350 million aggregate principal amount of 1.750% senior notes due 2026 (the "Notes").
  • The Notes will be senior unsecured obligations of Genpact Luxembourg and Genpact USA and will be guaranteed on a senior unsecured basis by Genpact.
  • Genpact expects the Notes Offering to close on March 26, 2021, subject to the satisfaction of customary closing conditions.
  • Each of Genpact, Genpact Luxembourg and Genpact USA assumes no obligation to and does not intend to update these forward-looking statements.

MACOM Announces Pricing of $400 Million of Convertible Senior Notes

Retrieved on: 
Tuesday, March 23, 2021
Semiconductor, Data management, Technology, Telecommunications, Software, Hardware, Debt, MACOM Technology Solutions, Senior debt, Convertible security

MACOM Technology Solutions Holdings, Inc. (MACOM) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced the pricing of its $400.0 million aggregate principal amount of 0.250% convertible senior notes due 2026 (the Notes).

Key Points: 
  • MACOM Technology Solutions Holdings, Inc. (MACOM) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced the pricing of its $400.0 million aggregate principal amount of 0.250% convertible senior notes due 2026 (the Notes).
  • MACOM also granted the initial purchaser of the Notes an option to purchase, within a 13-day period from, and including, the date of original issuance of the Notes up to an additional $60.0 million aggregate principal amount of the Notes.
  • The Notes will be senior unsecured obligations of MACOM and will mature on March 15, 2026, unless earlier repurchased, redeemed or converted.
  • These forward-looking statements include, among others, statements about the closing of the offering of its convertible senior unsecured notes and the anticipated use of proceeds.

MACOM Announces Proposed Offering of $400 Million of Convertible Senior Notes

Retrieved on: 
Monday, March 22, 2021
Semiconductor, Hardware, Data management, Technology, Telecommunications, Debt, MACOM Technology Solutions, Senior debt

MACOM Technology Solutions Holdings, Inc. (MACOM) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of convertible senior notes due 2026 (the Notes).

Key Points: 
  • MACOM Technology Solutions Holdings, Inc. (MACOM) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of convertible senior notes due 2026 (the Notes).
  • MACOM also expects to grant the initial purchaser of the Notes an option to purchase, within a 13-day period from, and including, the date of original issuance of the Notes up to an additional $60 million aggregate principal amount of the Notes.
  • The Notes will be senior unsecured obligations of MACOM and will mature on March 15, 2026, unless earlier repurchased, redeemed or converted.
  • These forward-looking statements include, among others, statements about the proposed offering of convertible senior unsecured notes, the terms of the notes and the anticipated use of proceeds.

Oil States Announces Pricing of $135 Million Principal Amount of Convertible Senior Notes Due 2026

Retrieved on: 
Wednesday, March 17, 2021
Finance, Corporate finance, Money, Debt, Convertible bond, Senior debt

HOUSTON, March 16, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) (the Company) announced that it has priced a private offering of $135 million principal amount of its 4.75% convertible senior notes due 2026 (the Notes).

Key Points: 
  • HOUSTON, March 16, 2021 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) (the Company) announced that it has priced a private offering of $135 million principal amount of its 4.75% convertible senior notes due 2026 (the Notes).
  • The Notes will be senior, unsecured obligations of the Company.
  • The Notes will mature on April 1, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date.
  • The Company intends to use $120 million of the net proceeds from this offering to repurchase for cash $125 million aggregate principal amount of its 1.50% convertible senior notes due 2023 (the 2023 Convertible Notes) as described below.

Centennial Resource Development, Inc. Announces Pricing of $150.0 Million Exchangeable Senior Notes Offering

Retrieved on: 
Wednesday, March 17, 2021
Debt, Senior debt

DENVER, March 16, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (NASDAQ: CDEV) (the Company or Centennial) today announced the pricing of a public offering of $150,000,000 aggregate principal amount of 3.25% exchangeable senior notes due 2028 (the notes) of its wholly owned operating subsidiary, Centennial Resource Production, LLC (CRP).

Key Points: 
  • DENVER, March 16, 2021 (GLOBE NEWSWIRE) -- Centennial Resource Development, Inc. (NASDAQ: CDEV) (the Company or Centennial) today announced the pricing of a public offering of $150,000,000 aggregate principal amount of 3.25% exchangeable senior notes due 2028 (the notes) of its wholly owned operating subsidiary, Centennial Resource Production, LLC (CRP).
  • The notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by Centennial and its subsidiaries that currently guarantee CRPs outstanding senior notes.
  • The issuance and sale of the notes are scheduled to settle on March 19, 2021, subject to customary closing conditions.
  • Before January 3, 2028, noteholders will have the right to exchange their notes only upon the occurrence of certain events.

DraftKings Inc. Announces Pricing of $1.1 Billion Upsized Offering of Convertible Senior Notes

Retrieved on: 
Tuesday, March 16, 2021
Sports betting, Browser-based game websites, Daily fantasy sports, DraftKings, Debt, Senior debt, Companies, Gaming, Culture

BOSTON, March 16, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) announced today that it priced a private offering of $1.1 billion aggregate principal amount of 0%Convertible Senior Notes due 2028 (the Notes).

Key Points: 
  • BOSTON, March 16, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) announced today that it priced a private offering of $1.1 billion aggregate principal amount of 0%Convertible Senior Notes due 2028 (the Notes).
  • The size of the offering was increased from the previously announced$1 billionaggregate principal amount of the Notes.
  • The Notes will be unsecured senior obligations of the Company and will mature on March 15, 2028.
  • The Notes will not bear regular interest, and the principal amount of the Notes will not accrete.

LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes

Retrieved on: 
Monday, March 15, 2021
Finance, Money, Financial services, Debt, Senior debt, Covenant, JPMorgan Chase

The senior secured term loan B was issued with 25 basis points of original issue discount and has no leverage or interest coverage maintenance covenants.

Key Points: 
  • The senior secured term loan B was issued with 25 basis points of original issue discount and has no leverage or interest coverage maintenance covenants.
  • The 2027 and 2029 senior unsecured notes have no leverage or interest coverage maintenance covenants.
  • The credit agreement amendment was managed by an arranger group of fourteen banks led by JPMorgan Chase Bank, N.A.
  • This press release does not constitute an offer to sell or the solicitation of an offer to buy the senior notes.

MSCI Prices $500 Million 3.625% Senior Unsecured Notes Due 2030

Retrieved on: 
Saturday, March 13, 2021
Professional services, Technology, Other Professional Services, Other Technology, Finance, Consulting, MSCI, Debt, Senior debt, Finance, Companies

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it priced its private offering of $500.0 million aggregate principal amount of 3.625% senior unsecured notes due 2030 (the "notes") at an issue price of 100.750% (the "Offering").

Key Points: 
  • MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it priced its private offering of $500.0 million aggregate principal amount of 3.625% senior unsecured notes due 2030 (the "notes") at an issue price of 100.750% (the "Offering").
  • The notes constitute a further issuance of, are fully fungible with, rank equally with and form a single series with the $400.0 million aggregate principal amount of the 3.625% senior notes due 2030 issued on March 4, 2020.
  • MSCI intends to use the net proceeds from the Offering, together with available cash on hand, to redeem all $500.0 million aggregate principal amount of its 4.750% senior unsecured notes due 2026 (the 2026 Notes) and to pay related redemption costs.
  • The notes will be senior unsecured obligations of MSCI and will be guaranteed by MSCI and certain of its domestic subsidiaries.

Ivanhoe Mines Announces Pricing of US$500 Million Convertible Senior Notes Offering

Retrieved on: 
Friday, March 12, 2021
Debt, Senior debt

Toronto, Ontario--(Newsfile Corp. - March 11, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) (the "company") today announced that it has priced its previously announced private placement offering of US$500,000,000 aggregate principal amount of 2.50% convertible senior notes due 2026 (the "Notes" and the "Offering").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - March 11, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) (the "company") today announced that it has priced its previously announced private placement offering of US$500,000,000 aggregate principal amount of 2.50% convertible senior notes due 2026 (the "Notes" and the "Offering").
  • The Notes will be senior unsecured obligations of the company.
  • Upon conversion, the Notes may be settled, at the company's election, in cash, Common Shares or a combination thereof.
  • The Notes will not be redeemable at the company's option prior to April 22, 2024, except upon the occurrence of certain tax law changes.

Entercom Announces Pricing of Upsized $540 Million Offering of Senior Secured Second-Lien Notes

Retrieved on: 
Thursday, March 11, 2021
Online, Entertainment, Internet, Mobile Entertainment, Technology, General Entertainment, Other Entertainment, Other Communications, TV and Radio, Audio, Video, Communications, Other Technology, U.S. Securities and Exchange Commission, Finance, 73rd United States Congress, Financial markets, Money, Securities Act, Security, Issuer, Senior debt, Bond

The size of the offering was increased from the previously announced $500 million in aggregate principal amount of the Notes.

Key Points: 
  • The size of the offering was increased from the previously announced $500 million in aggregate principal amount of the Notes.
  • The Issuer expects to use the net proceeds from the offering to redeem all of its 7.250% senior notes due 2024 and to partially repay existing indebtedness under its senior secured credit facility.
  • The Notes will be fully and unconditionally guaranteed on a senior secured second-lien basis by each direct and indirect subsidiary of the Issuer that guarantees the Issuers senior secured credit facility.
  • The Notes were offered in a private offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the Securities Act).