Expiration

Valaris Announces Consent Solicitation with Respect to its Senior Secured First Lien Notes due 2028

Retrieved on: 
Monday, August 15, 2022 - 12:00pm

Any consenting holder will not be permitted to trade its Notes, unless such holder validly revokes its consent, between the time that it provides such consent and the Expiration Date.

Key Points: 
  • Any consenting holder will not be permitted to trade its Notes, unless such holder validly revokes its consent, between the time that it provides such consent and the Expiration Date.
  • As a result, the Consent Fee for the Notes will range from $5.00 per $1,000 (if all holders consent) to approximately $10.00 per $1,000 (if holders of only a majority of the aggregate principal amount of the Notes consent).
  • The Proposed Amendments will be effected through a supplemental indenture with respect to the Notes, to be executed promptly after receipt of the Required Consents.
  • Full details of the terms and conditions of the Consent Solicitation are included in the consent solicitation statement, dated August 15, 2022.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering

Retrieved on: 
Thursday, August 11, 2022 - 9:30pm

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.

Key Points: 
  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.
  • For every three Rights held, a holder of Rights may buy one new share of common stock of the Fund.
  • The Rights are expected to be listed and tradable on the New York Stock Exchange (NYSE) under the ticker: OPP.RT.
  • The Company expects to mail subscription certificates evidencing the subscription rights and a copy of the prospectus supplement and accompanying prospectus for the rights offering shortly following the Record Date.

Lumen Announces Early Tender Results

Retrieved on: 
Saturday, August 6, 2022 - 2:11am

(4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.

Key Points: 
  • (4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.
  • (5) As further described in the Offer to Purchase and Solicitation Statement, the Lumen Notes are also subject to the Series Tender Cap of $350,000,000.
  • Because the aggregate principal amount of Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date did not exceed the Aggregate Maximum Tender Amount or the Series Tender Cap, the applicable offeror intends to purchase all of the Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date on the terms described below.
  • Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States.

Prime Healthcare Services Announces Modified Dutch Auction Cash Tender Offer for 7.250% Senior Secured Notes Maturing November 2025

Retrieved on: 
Thursday, August 4, 2022 - 10:11pm

Notes validly tendered after the Withdrawal Date may not be withdrawn or revoked, unless otherwise required by law.

Key Points: 
  • Notes validly tendered after the Withdrawal Date may not be withdrawn or revoked, unless otherwise required by law.
  • The Tender Offer is subject to the satisfaction or waiver of a number of conditions as set forth in the Offer to Purchase.
  • The Company may amend, extend or terminate the Tender Offer in its sole discretion and subject to applicable law.
  • Fourteen of the Prime Healthcare hospitals are members of the Prime Healthcare Foundation, a 501(c)(3) not-for-profit public charity.

HP Announces Extension of the Expiration Date for Exchange Offer for Plantronics Notes

Retrieved on: 
Monday, August 1, 2022 - 11:55pm

PALO ALTO, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) (HP or the Company) announced today that it has extended the expiration date of the previously announced offer to exchange (the Exchange Offer) any and all outstanding notes (the Poly Notes) of Plantronics, Inc. (NYSE: POLY) (Poly) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the HP Notes).

Key Points: 
  • PALO ALTO, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) (HP or the Company) announced today that it has extended the expiration date of the previously announced offer to exchange (the Exchange Offer) any and all outstanding notes (the Poly Notes) of Plantronics, Inc. (NYSE: POLY) (Poly) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the HP Notes).
  • As of 5:00 p.m., New York City time, on August1, 2022, holders validly tendered $490,556,000 in aggregate principal amount of Poly Notes pursuant to the Exchange Offer.
  • Tenders of Poly Notes made pursuant to the Exchange Offer may be validly withdrawn at or prior to the Expiration Date.
  • The HP Notes offered in the Exchange Offer have not been registered under the Securities Act of 1933, as amended, or any state securities laws.

 Murphy Oil Corporation Announces Cash Tender Offers for Outstanding Debt Securities

Retrieved on: 
Monday, August 1, 2022 - 9:10pm

Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.

Key Points: 
  • Holders of Notes validly tendered (and not validly withdrawn) after the Early Tender Date, but before or at the Expiration Date, and accepted for purchase pursuant to the tender offers will receive the applicable Tender Offer Consideration, but not the Early Tender Premium.
  • The purpose of the tender offers is to reduce the Companys total debt and interest expense.
  • Global Bondholder Services Corporation is the Tender and Information Agent for the tender offers.
  • Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.

Deutsche Bank Launches Cash Tender Offer for Certain of its Outstanding Eligible Liabilities Senior Notes

Retrieved on: 
Thursday, July 28, 2022 - 8:55pm

Holders that validly tender their Notes after the Early Tender Time and at or prior to the Tender Expiration Time will not be eligible to receive the Early Tender Payment and will only be eligible to receive the Late Tender Offer Consideration.

Key Points: 
  • Holders that validly tender their Notes after the Early Tender Time and at or prior to the Tender Expiration Time will not be eligible to receive the Early Tender Payment and will only be eligible to receive the Late Tender Offer Consideration.
  • The price determination time for the Tender Offer will be 10:00 a.m., New York City time, on 11 August 2022, unless extended by Deutsche Bank.
  • Further, if the Tender Cap is exceeded by the Early Tender Time, Deutsche Bank will not accept for purchase any Notes tendered after the Early Tender Time.
  • Deutsche Banks affiliate, Deutsche Bank Securities Inc., is serving as Dealer Manager in connection with the Tender Offer.

Pegasus Merger Co. Announces Extension of Tender Offers

Retrieved on: 
Tuesday, July 26, 2022 - 11:13pm

(2) Payable only to holders who validly tendered (and did not validly withdraw) Notes prior to the Early Tender Date.

Key Points: 
  • (2) Payable only to holders who validly tendered (and did not validly withdraw) Notes prior to the Early Tender Date.
  • Consummation of the Tender Offer and payment for the Notes validly tendered pursuant to the Tender Offer are subject to the satisfaction of certain conditions, including, but not limited to, the consummation of the Merger and a financing condition.
  • The Company reserves the right, in its sole discretion, to waive any and all conditions to the Tender Offer.
  • The full details of the Tender Offer and Consent Solicitation, including complete instructions on how to tender the Notes, are included in the Statement.

Lumen Announces Cash Tender Offers and Consent Solicitations

Retrieved on: 
Tuesday, July 26, 2022 - 12:55am

Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.

Key Points: 
  • Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.
  • However, if the Maximum Tender Offers are not fully subscribed as of the Early Tender Date, Maximum Tender Notes tendered at or before the Early Tender Date will be accepted for purchase in priority to other Maximum Tender Notes validly tendered after the Early Tender Date, even if such Maximum Tender Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Maximum Tender Notes tendered prior to the Early Tender Date, in all cases as further described in the Offer to Purchase and Consent Solicitation Statement.
  • Holders of the Notes are encouraged to read the Offer to Purchase and Consent Solicitation Statement, as it contains important information regarding the Tender Offers and the Consent Solicitations.
  • The Tender Offers and the Consent Solicitations are only being made pursuant to the Offer to Purchase and Consent Solicitation Statement.

Regional Health Properties, Inc. Announces Special Meeting Results and Termination of Exchange Offer

Retrieved on: 
Monday, July 25, 2022 - 10:22pm

As previously announced, the Company commenced an offer to exchange (the Exchange Offer) any and all of its outstanding Series A Preferred Stock for newly issued shares of the Companys 12.5% Series B Cumulative Redeemable Preferred Shares.

Key Points: 
  • As previously announced, the Company commenced an offer to exchange (the Exchange Offer) any and all of its outstanding Series A Preferred Stock for newly issued shares of the Companys 12.5% Series B Cumulative Redeemable Preferred Shares.
  • The Exchange Offer was set to expire at 5:00 p.m., New York City time, on July 25, 2022 (such time and date, the Expiration Date).
  • No shares of Series A Preferred Stock tendered in the Exchange Offer will be accepted for exchange, and the shares of Series A Preferred Stock previously tendered in the Exchange Offer will be promptly returned to the tendering holders.
  • No consideration will be paid or become payable to holders who have properly tendered their shares of Series A Preferred Stock in the Exchange Offer.