Redemption

First Brands Group Completes Acquisition of Horizon Global Corporation

Retrieved on: 
Wednesday, February 8, 2023

First Brands Group, LLC (“First Brands”) and Horizon Global Corporation (“Horizon Global”) today announced that following the successful completion of First Brands’ tender offer to purchase (a) any and all issued and outstanding shares of common stock of Horizon Global (NYSE: HZN) at a price of $1.75 per share (the “Common Stock Offer Price”), and (b) any and all issued and outstanding shares of Series B preferred stock of Horizon Global at a price equal to the Redemption Price (pursuant to the Certificate of Designations, Preferences and Rights of Series B Preferred Stock of Horizon Global Corporation) per share of Series B preferred stock calculated as of the closing date of the acquisition of Horizon Global (the “Preferred Stock Offer Price”) (the Common Stock Offer Price and the Preferred Stock Offer Price are referred to herein as the “Offer Price”) subject to any required withholding of taxes, net to the seller in cash without interest, First Brands completed the previously announced acquisition of Horizon Global, pursuant to an Agreement and Plan of Merger, dated as of December 30, 2022.

Key Points: 
  • First Brands Group, LLC (“First Brands”) and Horizon Global Corporation (“Horizon Global”) today announced that following the successful completion of First Brands’ tender offer to purchase (a) any and all issued and outstanding shares of common stock of Horizon Global (NYSE: HZN) at a price of $1.75 per share (the “Common Stock Offer Price”), and (b) any and all issued and outstanding shares of Series B preferred stock of Horizon Global at a price equal to the Redemption Price (pursuant to the Certificate of Designations, Preferences and Rights of Series B Preferred Stock of Horizon Global Corporation) per share of Series B preferred stock calculated as of the closing date of the acquisition of Horizon Global (the “Preferred Stock Offer Price”) (the Common Stock Offer Price and the Preferred Stock Offer Price are referred to herein as the “Offer Price”) subject to any required withholding of taxes, net to the seller in cash without interest, First Brands completed the previously announced acquisition of Horizon Global, pursuant to an Agreement and Plan of Merger, dated as of December 30, 2022.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230208005371/en/
    All conditions of the offer were satisfied and First Brands completed its acquisition of all issued and outstanding equity securities of Horizon Global for the Offer Price.
  • As a result of the acquisition, Horizon Global became a wholly-owned subsidiary of First Brands and Horizon Global’s common stock will be delisted from the New York Stock Exchange.

First Brands Group and Horizon Global Corporation Announce Expiration of Tender Offer

Retrieved on: 
Tuesday, February 7, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230207005628/en/
    First Brands and Horizon Global expect the transaction to close on February 8, 2023, promptly following the acceptance of all shares of preferred stock and common stock validly tendered and not validly withdrawn in the tender offer.
  • The depository agent for the tender offer has advised that, as of the expiration of the tender offer, 100% of the shares of Horizon Global’s preferred stock were validly tendered and not withdrawn, and a total of 25,727,921 shares of Horizon Global’s common stock were validly tendered and not withdrawn.
  • Such shares of Horizon Global’s common stock represent approximately 92.77% of the shares of common stock issued and outstanding as of the expiration of the offer, which satisfied the minimum tender condition.
  • The risks described in Horizon Global’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q are not the only risks facing Horizon Global.

Redeem the Lines, Boston Author Michael Patrick Murphy's Second Book Now Available

Retrieved on: 
Wednesday, February 15, 2023

BOSTON, Feb. 15, 2023 /PRNewswire-PRWeb/ -- Boston in the 1990s….the city is racially charged due to the aftermath of court-ordered school busing…the murder rate hit an all-time high….the disappearance of Whitey Bulger lead to the proliferation of neighborhood gangs….the Boston Police Department struggled to maintain peace…these factors set the stage for Redeem the Lines, the second book by author Michael Patrick Murphy, now available on Amazon, Barnes & Noble, Books-A-Million, Bookshop, Indiebound and at michaelpatrickmurphybooks.com. Redeem the Lines, published by Greenleaf Book Group, is the sequel to his critically acclaimed inaugural book Neighborhood Lines.

Key Points: 
  • Redeem the Lines, published by Greenleaf Book Group , is the sequel to his critically acclaimed inaugural book Neighborhood Lines.
  • The new book picks up where Neighborhood Lines ended, following the lives of protagonist Patrick and his old high school friend Nate.
  • At the same time, Nate who is Black goes to college out of state and comes back to Boston to attend yet another funeral.
  • Michael Patrick Murphy couldn't have written such an insightful tale had it not been for his own personal transformation.

Introducing COVOLP: The Future of Crypto Leverage Trading

Retrieved on: 
Monday, January 30, 2023

Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.

Key Points: 
  • Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.
  • COVOLP holders benefit from the trading activity on the platform, earning a profit when leverage traders incur a loss and vice versa.
  • COVOLP is a token that provides liquidity for leverage trading in the DeFi ecosystem, with the ability to mint COVOLP using various cryptocurrencies.
  • By bridging to Polygon and purchasing COVOLP, users can start earning rewards and benefiting from trading activity on the platform.

Introducing COVOLP: The Future of Crypto Leverage Trading

Retrieved on: 
Monday, January 30, 2023

Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.

Key Points: 
  • Covo Finance is a decentralized spot and perpetual exchange that enables direct trading of cryptocurrencies like Bitcoin, Ethereum, and Chainlink from crypto wallets with low fees and zero price-impact trades.
  • COVOLP holders benefit from the trading activity on the platform, earning a profit when leverage traders incur a loss and vice versa.
  • COVOLP is a token that provides liquidity for leverage trading in the DeFi ecosystem, with the ability to mint COVOLP using various cryptocurrencies.
  • By bridging to Polygon and purchasing COVOLP, users can start earning rewards and benefiting from trading activity on the platform.

CMCT’s Redemption of its Series L Preferred Stock

Retrieved on: 
Monday, January 9, 2023

Holders of Series L Preferred Stock who do not hold their shares of Series L Preferred Stock through a TASE member (i.e., holders of Series L Preferred Stock who hold their shares through U.S. broker dealers) must contact their broker dealers immediately and provide them with instructions on where the Redemption Price in ILS should be sent (and/or provide some other alternative instructions).

Key Points: 
  • Holders of Series L Preferred Stock who do not hold their shares of Series L Preferred Stock through a TASE member (i.e., holders of Series L Preferred Stock who hold their shares through U.S. broker dealers) must contact their broker dealers immediately and provide them with instructions on where the Redemption Price in ILS should be sent (and/or provide some other alternative instructions).
  • Pursuant to the terms of the Series L Preferred Stock, dividends ceased to accrue on the Series L Preferred Stock on December 31, 2022 (i.e., the Distribution Cutoff Date (as defined in the Articles Supplementary of the Series L Preferred Stock)).
  • In connection with the redemption in full of the Series L Preferred Stock in cash, CMCT notified Nasdaq on January 9, 2023 that it intends to delist the Series L Preferred Stock from Nasdaq by filing Form 25 with the U.S. Securities & Exchange Commission on January 19, 2023.
  • As shares of the Series L Preferred Stock will be redeemed in full, CMCT has not arranged for listing and/or registration of the Series L Preferred Stock on another national securities exchange or for quotation of the Series L Preferred stock in a quotation medium (as defined in § 240.15c2-11).

AF Acquisition Corp. Amends Charter and Announces Decision to Liquidate

Retrieved on: 
Thursday, December 22, 2022

The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 19, 2022.

Key Points: 
  • The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 19, 2022.
  • Following the stockholders’ meeting, the Company’s board of directors has determined to liquidate and dissolve the Company as soon as practicable before December 31, 2022.
  • As a result, the Securities will be suspended from trading on Nasdaq on December 22, 2022.
  • The Redemption will completely extinguish rights of the holders of public shares (including the right to receive further liquidating distributions, if any).

CoreCivic to Redeem 4.625% Senior Notes Due 2023

Retrieved on: 
Thursday, December 22, 2022

BRENTWOOD, Tenn., Dec. 22, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that it is delivering an irrevocable notice to the holders of all of the Company’s previously issued $350,000,000 original aggregate principal amount of 4.625% Senior Notes due 2023 (2023 Notes) that the Company has elected to redeem in full the 2023 Notes that remain outstanding on February 1, 2023 (Redemption Date).

Key Points: 
  • BRENTWOOD, Tenn., Dec. 22, 2022 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that it is delivering an irrevocable notice to the holders of all of the Company’s previously issued $350,000,000 original aggregate principal amount of 4.625% Senior Notes due 2023 (2023 Notes) that the Company has elected to redeem in full the 2023 Notes that remain outstanding on February 1, 2023 (Redemption Date).
  • The 2023 Notes were otherwise scheduled to mature on May 1, 2023.
  • The 2023 Notes will be redeemed at a redemption price equal to 100% of the principal amount of the then outstanding 2023 Notes, plus accrued and unpaid interest on such 2023 Notes to, but not including, the Redemption Date (Redemption Price).
  • As of December 21, 2022, the principal amount of the outstanding 2023 Notes was $153.9 million.

Brandywine Realty Trust to Redeem All Outstanding 3.95% Guaranteed Notes due 2023

Retrieved on: 
Wednesday, December 21, 2022

PHILADELPHIA, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), intends to redeem all of the outstanding 3.95% Guaranteed Notes due February 15, 2023 (the “Notes”) issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes.

Key Points: 
  • PHILADELPHIA, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, LP (the “Operating Partnership”), intends to redeem all of the outstanding 3.95% Guaranteed Notes due February 15, 2023 (the “Notes”) issued by the Operating Partnership and not purchased pursuant to its previously announced tender offer for such Notes.
  • The expected redemption date will be January 20, 2023 (the “Redemption Date”).
  • The Notes will be redeemed at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest on the principal amount being redeemed to the Redemption Date.
  • Notes that are held through The Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC.

Class Acceleration Corp. Amends Charter and Announces Decision to Liquidate

Retrieved on: 
Tuesday, December 20, 2022

The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 20, 2022.

Key Points: 
  • The Company filed the Extension Amendment and the Liquidation Amendment with the Secretary of State of the State of Delaware and executed the Trust Agreement on December 20, 2022.
  • Following the stockholders’ meeting, the Company’s board of directors has determined to liquidate and dissolve the Company as soon as practicable before December 31, 2022.
  • The Redemption will completely extinguish rights of the holders of public shares (including the right to receive further liquidating distributions, if any).
  • If stockholders hold Units, such stockholders do not need to separate the Units into their component parts in order to have their public shares of Class A Common Stock redeemed.