Senior debt

Cinemark USA, Inc. Announces Launch of $405 Million Senior Notes

Retrieved on: 
Thursday, March 4, 2021
Film & Motion Pictures, Entertainment, Cinemark Theatres, CNK, Security, Senior debt, Finance, Companies, Economy

Cinemark Holdings, Inc. (NYSE:CNK) announced today that its wholly-owned subsidiary, Cinemark USA, Inc. (Cinemark USA), plans to commence a private offering (the Offering) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), to eligible purchasers of $405 million aggregate principal amount of senior notes due 2026 (the Notes).

Key Points: 
  • Cinemark Holdings, Inc. (NYSE:CNK) announced today that its wholly-owned subsidiary, Cinemark USA, Inc. (Cinemark USA), plans to commence a private offering (the Offering) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act), to eligible purchasers of $405 million aggregate principal amount of senior notes due 2026 (the Notes).
  • The Notes will be guaranteed by certain of Cinemark USAs subsidiaries that guarantee, assume or in any other manner become liable with respect to any of Cinemark USAs or any guarantors other debt.
  • The Notes and the guarantees will be Cinemark USAs and the guarantors senior unsecured obligations and will rank equally in right of payment with Cinemark USAs and the guarantors existing and future senior debt.
  • Headquartered in Plano, TX, Cinemark (NYSE: CNK) is one of the largest and most influential movie theatre companies in the world.

Compass Diversified Announces Pricing of a Private Offering of $1 Billion of 5.250% Senior Unsecured Notes Due 2029

Retrieved on: 
Wednesday, March 3, 2021
Debt, Senior debt, Lluís Companys, SEC Rule 144A, Qualified institutional buyer, Spanish politicians, Government of Spain, Government

The Notes will be the Companys senior unsecured obligations and will not be guaranteed by any of the Companys subsidiaries.

Key Points: 
  • The Notes will be the Companys senior unsecured obligations and will not be guaranteed by any of the Companys subsidiaries.
  • The Company intends to use the net proceeds of the Notes offering to repay debt under the Companys existing credit facilities and to redeem the Companys 8.000% Senior Notes due 2026.
  • The Notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S.
  • This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI and the Notes offering.

NCL Corporation Ltd. and NCL Finance, Ltd. Announce Closing of Senior Notes

Retrieved on: 
Wednesday, March 3, 2021
Debt, Stock market, Senior debt, Security

The NCLC Notes form part of the same series as the $850 million aggregate principal amount of 5.875% Senior Notes due 2026 issued on December 18, 2020 and will be guaranteed by certain of NCLCs subsidiaries on a senior unsecured basis.

Key Points: 
  • The NCLC Notes form part of the same series as the $850 million aggregate principal amount of 5.875% Senior Notes due 2026 issued on December 18, 2020 and will be guaranteed by certain of NCLCs subsidiaries on a senior unsecured basis.
  • NCL Finance, Ltd. (NCL Finance), a subsidiary of NCLC, has also closed its previously announced private offering of $525 million aggregate principal amount of its 6.125% Senior Notes due 2028 (the NCL Finance Notes and, collectively with the NCLC Notes, the Notes).
  • The NCL Finance Notes will be guaranteed by NCLC and certain of NCLCs subsidiaries on a senior unsecured basis.
  • This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Fairfax Completes US$600 Million Senior Notes Offering

Retrieved on: 
Wednesday, March 3, 2021
Washington metropolitan area, Geography of Virginia, Stock market, Debt, Senior debt, Security, Fairfax County, Virginia, Repurchase agreement, Fairfax, Virginia, Geography of the United States

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of US$600 million in aggregate principal amount of 3.375% Senior Notes due 2031 (the Notes).

Key Points: 
  • TORONTO, March 03, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) has completed its previously announced offering of US$600 million in aggregate principal amount of 3.375% Senior Notes due 2031 (the Notes).
  • Fairfax intends to use the net proceeds from the offering to repay outstanding debt of Fairfax and its subsidiaries, which may include a portion of the indebtedness under its unsecured revolving credit facility.
  • This may include the redemption or repurchase of certain previously issued senior unsecured notes and/or other debt securities of Fairfax and its subsidiaries.
  • Any repurchase of senior unsecured notes and/or other debt securities of Fairfax and its subsidiaries will be subject to market conditions, and there can be no assurance that such notes or securities will be available for repurchase on terms acceptable to Fairfax.

Cable One Announces Pricing of Upsized Private Offering of Convertible Senior Notes

Retrieved on: 
Wednesday, March 3, 2021
Technology, Networks, Other Technology, Telecommunications, Debt, Convertible security, Senior debt

Cable One, Inc. (NYSE: CABO) (Cable One or the Company) today announced the pricing of a private offering (the Offering) of $500.0 million aggregate principal amount of its 0.00% convertible senior notes due 2026 (the 2026 Notes) and $300.0 million aggregate principal amount of its 1.125% convertible senior notes due 2028 (the 2028 Notes and, together with the 2026 Notes, the Notes).

Key Points: 
  • Cable One, Inc. (NYSE: CABO) (Cable One or the Company) today announced the pricing of a private offering (the Offering) of $500.0 million aggregate principal amount of its 0.00% convertible senior notes due 2026 (the 2026 Notes) and $300.0 million aggregate principal amount of its 1.125% convertible senior notes due 2028 (the 2028 Notes and, together with the 2026 Notes, the Notes).
  • The Notes will be senior unsecured obligations of Cable One and will be guaranteed by Cable Ones wholly owned domestic subsidiaries that guarantee its senior secured credit facilities or that guarantee certain of its capital markets indebtedness.
  • The 2026 Notes will not bear regular interest, and the principal amount of the 2026 Notes will not accrete.
  • The Notes will be convertible at the option of the holders into cash, shares of Cable Ones common stock or a combination thereof at Cable Ones election.

PennyMac Mortgage Investment Trust Upsizes and Prices Private Placement of $300 Million of Exchangeable Senior Notes

Retrieved on: 
Wednesday, March 3, 2021
Professional services, Residential Building & Real Estate, Finance, Construction & Property, REIT, Banking, Money, Finance, Economy, Debt, Financial law, Senior debt, Mortgage loan, PennyMac Loan Services, United States housing bubble

PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).
  • The initial purchasers have a 13-day option to purchase up to an additional $45 million aggregate principal amount of Notes from PennyMac Corp.
  • The Notes will be PennyMac Corp.s senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debt.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

Macy’s, Inc. Announces Pricing of Offering of Senior Notes

Retrieved on: 
Tuesday, March 2, 2021
Online Retail, Fashion, Other Retail, Retail, Department Stores, Debt, Financial markets, Senior debt, Issuer

Macys, Inc. (NYSE:M) (the Company or Macys) announced today that its wholly-owned subsidiary, Macys Retail Holdings, LLC (the Issuer), priced an offering of $500 million in aggregate principal amount of 5.875% senior notes due 2029 (the Notes) in a private offering at an offering price of 100% of the principal amount thereof.

Key Points: 
  • Macys, Inc. (NYSE:M) (the Company or Macys) announced today that its wholly-owned subsidiary, Macys Retail Holdings, LLC (the Issuer), priced an offering of $500 million in aggregate principal amount of 5.875% senior notes due 2029 (the Notes) in a private offering at an offering price of 100% of the principal amount thereof.
  • The closing of the offering of the Notes is expected to occur on March 17, 2021, subject to customary closing conditions.
  • The Notes will be senior unsecured obligations of the Issuer and will be unconditionally guaranteed on a senior unsecured basis by Macys.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Macy’s, Inc. Announces Proposed Offering of Senior Notes

Retrieved on: 
Tuesday, March 2, 2021
Online Retail, Professional services, Luxury, Department Stores, Specialty, Catalog, Bridal, Fashion, Cosmetics, Retail, Finance, Home Goods, Debt, Senior debt, Issuer

Macys, Inc. (NYSE:M) (the Company or Macys) announced today that its wholly-owned subsidiary, Macys Retail Holdings, LLC (the Issuer), intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes due 2029 (the Notes) in a private offering.

Key Points: 
  • Macys, Inc. (NYSE:M) (the Company or Macys) announced today that its wholly-owned subsidiary, Macys Retail Holdings, LLC (the Issuer), intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes due 2029 (the Notes) in a private offering.
  • The Notes will be senior unsecured obligations of the Issuer and will be unconditionally guaranteed on a senior unsecured basis by Macys.
  • This press release is not an offer to purchase, or a solicitation of an offer to sell, any of the notes subject to the tender offer.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Fairfax Announces Pricing of Senior Notes Offering

Retrieved on: 
Monday, March 1, 2021
Debt, Finance, Stock market, Senior debt, FFH, Fairfax County, Virginia, Security, Fairfax Financial, Fairfax

TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$600,000,000 of Fairfaxs Senior Notes due 2031 (the Notes) at an issue price of 99.865%.

Key Points: 
  • TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (Fairfax) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$600,000,000 of Fairfaxs Senior Notes due 2031 (the Notes) at an issue price of 99.865%.
  • The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.375% per annum.
  • This may include the redemption or repurchase of certain previously issued senior unsecured notes and/or other debt securities of Fairfax and its subsidiaries.
  • Such forward-looking information may include, among other things, the intended use of net proceeds from the offering of Notes and the anticipated completion of the offering of Notes.

NCL Corporation Ltd. and NCL Finance, Ltd. Announce Pricing of Senior Notes

Retrieved on: 
Monday, March 1, 2021
Debt, Stock market, Finance, Senior debt, Security, Securities Act

NCL Finance, Ltd. (NCL Finance), a subsidiary of NCLC, has also priced $525 million aggregate principal amount of its 6.125% Senior Notes due 2028 (the NCL Finance Notes and, collectively with the NCLC Notes, the Notes), which were offered in a private offering that is exempt from the registration requirements of the Securities Act.

Key Points: 
  • NCL Finance, Ltd. (NCL Finance), a subsidiary of NCLC, has also priced $525 million aggregate principal amount of its 6.125% Senior Notes due 2028 (the NCL Finance Notes and, collectively with the NCLC Notes, the Notes), which were offered in a private offering that is exempt from the registration requirements of the Securities Act.
  • The NCL Finance Notes will be guaranteed by NCLC and certain of NCLCs subsidiaries on a senior unsecured basis.
  • The price to investors will be 100.000% of the principal amount of the NCL Finance Notes.
  • The offerings of the Notes are expected to close on March 3, 2021, subject to customary closing conditions.