Issuer

GAMCO Policy on Precluding Questions During Public Company Conference Calls

Retrieved on: 
Wednesday, February 28, 2024

On a public company’s recent publicly available 2023 Earnings Call only sell side analysts were permitted to ask a question.

Key Points: 
  • On a public company’s recent publicly available 2023 Earnings Call only sell side analysts were permitted to ask a question.
  • A GAMCO Investors, Inc. (OTCQX: GAMI) (“GAMCO”) buy side analyst was precluded from asking a question.
  • GAMCO believes this process is inappropriate and that any shareholder of an Issuer that files a 13F should be given the opportunity to ask a question on a public conference call.
  • Should any company not follow this open practice, it will be recommended to GAMCO’s proxy voting committee that GAMCO withhold votes for management of that company.

KBRA Assigns AA Rating to the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds; Outlook is Stable

Retrieved on: 
Wednesday, February 28, 2024

KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles (LADWP) Power System Revenue Bonds, 2024 Series A and 2024 Series B.

Key Points: 
  • KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles (LADWP) Power System Revenue Bonds, 2024 Series A and 2024 Series B.
  • The long-term rating of AA on LADWP's outstanding Power System Revenue Bonds is concurrently affirmed.
  • Current electricity rates, while well above the national average, are affordable relative to other California utilities, allowing some rate flexibility.
  • The rate structure incorporates several pass-through adjustments that effectively decouple revenue generation from changes in customer demand.

TPG Announces Pricing of Fixed-Rate Junior Subordinated Notes

Retrieved on: 
Thursday, February 29, 2024

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, priced a registered public offering of $400 million aggregate principal amount of 6.950% fixed-rate junior subordinated notes due 2064 (the “notes”).

Key Points: 
  • TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, priced a registered public offering of $400 million aggregate principal amount of 6.950% fixed-rate junior subordinated notes due 2064 (the “notes”).
  • The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • The notes will bear interest at a fixed rate of 6.950% per year.
  • In connection with the offering, the Issuer has applied to list the notes on the Nasdaq Global Market (“Nasdaq”) under the symbol “TPGXL”.

Sally Beauty Holdings Announces the Completion of a Registered Public Offering of $600 Million of Senior Notes Due 2032

Retrieved on: 
Tuesday, February 27, 2024

Sally Holdings LLC (“Holdings”) and Sally Capital Inc. (together with Holdings, the “Issuers”), wholly-owned subsidiaries of Sally Beauty Holdings, Inc. (the “Company”) (NYSE: SBH), today announced the completion of a registered public offering of $600.0 million aggregate principal amount of Senior Notes due 2032 (the “Senior Notes”).

Key Points: 
  • Sally Holdings LLC (“Holdings”) and Sally Capital Inc. (together with Holdings, the “Issuers”), wholly-owned subsidiaries of Sally Beauty Holdings, Inc. (the “Company”) (NYSE: SBH), today announced the completion of a registered public offering of $600.0 million aggregate principal amount of Senior Notes due 2032 (the “Senior Notes”).
  • The Senior Notes are guaranteed by the Company, Sally Investment Holdings LLC and certain other domestic subsidiaries of the Company.
  • BofA Securities, J.P. Morgan and Truist Securities served as joint book-running managers for the offering.
  • This press release shall not constitute a notice of redemption with respect to the notes being redeemed.

TPG Announces Public Offering of Senior Notes and Fixed-Rate Junior Subordinated Notes

Retrieved on: 
Tuesday, February 27, 2024

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, intends to offer senior notes due 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.

Key Points: 
  • TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, intends to offer senior notes due 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.
  • The senior notes and junior subordinated notes will each be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • The Issuer intends to grant the underwriters of the junior subordinated notes a 30-day option to purchase additional junior subordinated notes solely to cover over-allotments, if any.
  • The senior notes offering and junior subordinated notes offering are being conducted as separate public offerings by means of separate prospectus supplements filed as part of the shelf registration statement, and neither of these offerings is contingent upon consummation of the other.

KBRA Assigns AA+ Rating, Stable Outlook to The City of New York's General Obligation Bonds

Retrieved on: 
Friday, February 23, 2024

KBRA assigns long-term rating of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2006 Series J, Subseries J-A, Fiscal 2008 Series A, Subseries A-4, Fiscal 2008 Series C, Subseries C-4, Fiscal 2009 Series B, Subseries B-3, and General Obligation Bonds, Fiscal 2024 Series C. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.

Key Points: 
  • KBRA assigns long-term rating of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2006 Series J, Subseries J-A, Fiscal 2008 Series A, Subseries A-4, Fiscal 2008 Series C, Subseries C-4, Fiscal 2009 Series B, Subseries B-3, and General Obligation Bonds, Fiscal 2024 Series C. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.
  • The economic base remains susceptible to financial services sector cycles, although financial sector reliance has moderated with increasing diversification of the City’s economic base.
  • The Financial Plan identifies out-year budget gaps, now exacerbated by the asylum seeker crisis, which must be closed.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

Molex Announces Results of Tender Offer for 3.900% Senior Notes due 2025

Retrieved on: 
Thursday, March 7, 2024

LISLE, Ill., March 7, 2024 /PRNewswire/ -- Molex Electronic Technologies, LLC ("Molex" or the "Issuer") announced today the results of the previously announced cash tender offer for any and all of the Issuer's outstanding 3.900% Senior Notes due 2025 (Rule 144A CUSIP No.

Key Points: 
  • LISLE, Ill., March 7, 2024 /PRNewswire/ -- Molex Electronic Technologies, LLC ("Molex" or the "Issuer") announced today the results of the previously announced cash tender offer for any and all of the Issuer's outstanding 3.900% Senior Notes due 2025 (Rule 144A CUSIP No.
  • The tender offer is referred to herein as the "Offer."
  • The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the "Offer Documents."
  • This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes.

Omnicom Prices €600 Million Senior Notes Offering

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) and Omnicom Finance Holdings plc (the "Issuer"), a wholly owned indirect subsidiary of Omnicom, today announced the pricing of the Issuer's public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 (the "Notes").

Key Points: 
  • NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) and Omnicom Finance Holdings plc (the "Issuer"), a wholly owned indirect subsidiary of Omnicom, today announced the pricing of the Issuer's public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 (the "Notes").
  • The Notes will be fully and unconditionally guaranteed by Omnicom.
  • The Notes and the related guarantee will be the unsecured and unsubordinated obligations of the Issuer and Omnicom, respectively, and will rank equal in right of payment to all of their respective existing and future unsecured senior indebtedness.
  • No EEA or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in EEA or UK.

Ceapro Inc. Announces the Mailing of Meeting Materials in Connection With the Special Meeting of Securityholders to Approve Merger With Aeterna Zentaris

Retrieved on: 
Thursday, February 15, 2024

The Board believes this is a compelling opportunity for Ceapro and its investors for a number of reasons, including:

Key Points: 
  • The Board believes this is a compelling opportunity for Ceapro and its investors for a number of reasons, including:
    Recurring revenue to support business expansion.
  • The pipeline of products being developed should generate an increased and consistent news flow, a key supporting factor in investor interest.
  • Only Securityholders of record as of the close of business on January 12, 2024 are eligible to vote at the Meeting.
  • Registered Securityholders and duly appointed proxyholders may vote on matters presented at the Meeting by:
    Virtually – completing a ballot online during the Meeting.

FirstCash Announces Pricing of $500 Million Senior Notes Due 2032

Retrieved on: 
Thursday, February 15, 2024

FORT WORTH, Texas, Feb. 15, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS) today announced that the Company’s wholly-owned subsidiary, FirstCash, Inc. (the “Issuer”), priced a private offering of $500,000,000 in aggregate principal amount of senior notes due 2032 (the “Notes”).

Key Points: 
  • FORT WORTH, Texas, Feb. 15, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS) today announced that the Company’s wholly-owned subsidiary, FirstCash, Inc. (the “Issuer”), priced a private offering of $500,000,000 in aggregate principal amount of senior notes due 2032 (the “Notes”).
  • The Notes will be unsecured senior obligations of the Issuer and will be guaranteed by FirstCash and its domestic subsidiaries that guarantee its revolving unsecured credit facility and existing senior unsecured notes.
  • The offering of the Notes is expected to close on February 21, 2024, subject to the satisfaction of customary closing conditions.
  • This release contains forward-looking statements, including statements about the Notes offering and the intended use of the net proceeds thereof.