Redemption

Digital Realty Announces Redemption of 6.350% Series I Preferred Stock

Friday, August 7, 2020 - 2:13pm

After the redemption date, Series I Preferred Stock will no longer be deemed outstanding and all the rights of the holders of Series I Preferred Stock will terminate, except the right to receive the redemption price.

Key Points: 
  • After the redemption date, Series I Preferred Stock will no longer be deemed outstanding and all the rights of the holders of Series I Preferred Stock will terminate, except the right to receive the redemption price.
  • In addition, because all the issued and outstanding shares of Series I Preferred Stock are being redeemed, the Series I Preferred Stock will no longer trade on the New York Stock Exchange after the redemption date.
  • The notice of redemption and related materials are being mailed to holders of record of Series I Preferred Stock as of August 7, 2020.
  • Questions regarding the redemption of the Series I Preferred Stock may be directed to American Stock Transfer & Trust Company, LLC at:
    American Stock Transfer & Trust Company, LLC

United Rentals Announces Full Redemption of 6.500% Senior Notes due 2026

Friday, July 31, 2020 - 9:24pm

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).
  • The Notes will be redeemed at a redemption price (the Redemption Price) currently estimated to be 111.101% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
  • URNA has instructed Wells Fargo Bank, National Association, as the trustee for the Notes (the Trustee), to distribute a notice of redemption to all registered holders of the Notes on July 31, 2020.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.

United Rentals Announces Full Redemption of 5.50% Senior Notes due 2025

Wednesday, July 29, 2020 - 9:25pm

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $800 million principal amount of its 5.50% Senior Notes due 2025 (CUSIP Number 911365 BD5) (the Notes) on August 28, 2020 (the Redemption Date).

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $800 million principal amount of its 5.50% Senior Notes due 2025 (CUSIP Number 911365 BD5) (the Notes) on August 28, 2020 (the Redemption Date).
  • The Notes will be redeemed at a redemption price (the Redemption Price) of 102.750% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.
  • URNA expects to use borrowings under its senior secured asset-based revolving credit facility to redeem the Notes and to pay related expenses.

Kimco Realty Announces Partial Redemption of Its 3.20% Senior Notes Due 2021

Wednesday, July 15, 2020 - 9:50pm

Kimco Realty Corp. (NYSE: KIM) (Kimco or the Company), today announced that it will redeem $200 million aggregate principal amount of its 3.20% Senior Notes due 2021 (CUSIP No.

Key Points: 
  • Kimco Realty Corp. (NYSE: KIM) (Kimco or the Company), today announced that it will redeem $200 million aggregate principal amount of its 3.20% Senior Notes due 2021 (CUSIP No.
  • 49446R AL3) (the Senior Notes), representing a portion of the outstanding Senior Notes, on July 30, 2020 (the Redemption Date).
  • Pursuant to the terms of the Senior Notes, the redemption price (the Redemption Price) will be equal to $1,016.56 for each $1,000 principal amount of Senior Notes redeemed, calculated in accordance with the terms of the Indenture, plus accrued and unpaid interest to, but not including, the Redemption Date.
  • A notice of redemption and related materials will be mailed to holders of record of the Senior Notes on July 15, 2020.

New Gold Completes Redemption of 2022 Senior Notes

Friday, July 10, 2020 - 10:01pm

July 10, 2020- New Gold Inc. (New Gold or the Company) (TSX and NYSE American: NGD) today announces that it has completed the previously announced redemption of its outstanding $400 million 6.25% Senior Notes due 2020.

Key Points: 
  • July 10, 2020- New Gold Inc. (New Gold or the Company) (TSX and NYSE American: NGD) today announces that it has completed the previously announced redemption of its outstanding $400 million 6.25% Senior Notes due 2020.
  • The redemption was funded from the net proceeds of its recent issue of $400 million aggregate principal amount of 7.50% Senior Notes due in 2027 and cash on hand.
  • The redemption of our 2022 Senior Notes is another key milestone we have achieved that has significantly enhanced our financial flexibility and strengthened our balance sheet, stated Robert Chasse, Executive Vice President and Chief Financial Officer.
  • New Golds vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility.

U.S. Bank Announces Redemption of Senior Notes

Friday, June 12, 2020 - 2:00pm

U.S. Bank National Association today announced the redemption on June 24, 2020, of all its outstanding 3.05% Senior Notes due July 24, 2020 (CUSIP No.

Key Points: 
  • U.S. Bank National Association today announced the redemption on June 24, 2020, of all its outstanding 3.05% Senior Notes due July 24, 2020 (CUSIP No.
  • 90331HNU3) and Floating Rate Senior Notes due July 24, 2020 (CUSIP No.
  • The redemption price for each of the Senior Notes will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of June 24, 2020.
  • Payment of the redemption price for the Senior Notes will be made through the facilities of The Depository Trust Company.

WillScot Announces Conditional Redemption of Senior Secured Notes Due 2022

Monday, June 1, 2020 - 9:05pm

The Notes will be redeemed for a redemption price equal to 103.938% of the principal amount of the Notes redeemed plus accrued and unpaid interest to but not including the Redemption Date (together, the Redemption Payment).

Key Points: 
  • The Notes will be redeemed for a redemption price equal to 103.938% of the principal amount of the Notes redeemed plus accrued and unpaid interest to but not including the Redemption Date (together, the Redemption Payment).
  • From and after the Redemption Date, all interest will cease to accrue on the Notes redeemed.
  • Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about obtaining the Redemption Payment for the Notes redeemed in which they have a beneficial interest.
  • WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors.

Verizon to redeem debt securities on June 29, 2020

Friday, May 29, 2020 - 1:00pm

The 4.60% Notes Redemption Price will be calculated in accordance with the terms of the 4.60% Notes on the third Business Day (as defined in the 4.60% Notes) preceding the Redemption Date.

Key Points: 
  • The 4.60% Notes Redemption Price will be calculated in accordance with the terms of the 4.60% Notes on the third Business Day (as defined in the 4.60% Notes) preceding the Redemption Date.
  • The 3.125% Notes Redemption Price will be calculated in accordance with the terms of the 3.125% Notes on the third Business Day (as defined in the 3.125% Notes) preceding the Redemption Date.
  • These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
  • Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC.

Fifth Third Bancorp Announces Redemption of Senior Notes due July 27, 2020

Wednesday, May 27, 2020 - 1:00pm

Fifth Third Bancorp (Nasdaq: FITB) today announced that it has submitted a redemption notice to the trustee for redemption of all of the outstanding 2.875% fixed rate senior notes due July 27, 2020 (CUSIP 316773CT5) issued in the principal amount of $1.1 billion.

Key Points: 
  • Fifth Third Bancorp (Nasdaq: FITB) today announced that it has submitted a redemption notice to the trustee for redemption of all of the outstanding 2.875% fixed rate senior notes due July 27, 2020 (CUSIP 316773CT5) issued in the principal amount of $1.1 billion.
  • The notes will be redeemed on June 27, 2020, pursuant to their terms and conditions for an amount equal to 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.
  • The redemption price will become due and payable on the first business day after the redemption date (with the same force and effect as if made on the redemption date).
  • Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.

Verizon to redeem debt securities on June 15, 2020

Friday, May 15, 2020 - 7:27am

The 2.375% Notes Redemption Price will be calculated in accordance with the terms of the 2.375% Notes on the third Business Day (as defined in the 2.375% Notes) preceding the Redemption Date.

Key Points: 
  • The 2.375% Notes Redemption Price will be calculated in accordance with the terms of the 2.375% Notes on the third Business Day (as defined in the 2.375% Notes) preceding the Redemption Date.
  • The 0.500% Notes Redemption Price will be calculated in accordance with the terms of the 0.500% Notes on the third Business Day (as defined in the 0.500% Notes) preceding the Redemption Date.
  • Annual interest on the 0.500% Notes will be paid on June 2, 2020 to each holder of record on the close of business on May 19, 2020.
  • These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.