SEC Rule 144A

LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2028

Retrieved on: 
Friday, November 17, 2023
Sale, Senior, LGI Homes, Note, Person, SEC Rule 144A, Regulation, Offering, Security (finance)

The Notes will bear interest at a rate of 8.750% per annum.

Key Points: 
  • The Notes will bear interest at a rate of 8.750% per annum.
  • The Notes will be initially guaranteed, jointly and severally, on a senior unsecured basis by the Company’s subsidiaries that guarantee the Company’s obligations under its revolving credit facility.
  • The sale of the Notes is expected to be completed on November 21, 2023, subject to customary closing conditions.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

American Airlines Announces Pricing of Senior Secured Notes

Retrieved on: 
Friday, November 17, 2023
Sale, Term loan, Senior, AAL, Security (finance), American Airlines Group, Risk, Parent, Airport, Analysis, Person, American Airlines, SEC Rule 144A, Regulation, Financial condition report, Result, Note, Hong Kong

FORT WORTH, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced that it priced $1.0 billion aggregate principal amount of its 8.50% senior secured notes due 2029 (the “Notes”), representing an upsize of $250.0 million from the previously announced offering amount.

Key Points: 
  • FORT WORTH, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced that it priced $1.0 billion aggregate principal amount of its 8.50% senior secured notes due 2029 (the “Notes”), representing an upsize of $250.0 million from the previously announced offering amount.
  • The Company expects to use the net proceeds from the offering of the Notes, together with the net proceeds from the Term Loan and cash on hand, to redeem all of its outstanding 11.75% Senior Secured Notes due 2025 (the “11.75% Senior Secured Notes”).
  • The Notes and the Term Loan will be guaranteed on a senior unsecured basis by the Parent.
  • Neither this press release nor anything contained herein shall constitute a notice of redemption with respect to the 11.75% Senior Secured Notes.

Bombardier Announces Closing of its New Issuance of Senior Notes due 2030

Retrieved on: 
Friday, November 17, 2023
Sale, Senior, News & Notes, Bombardier Inc., Bombardier, Debt-to-GDP ratio, Note, Prospectus, Person, Hand, SEC Rule 144A, Regulation

MONTRÉAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2030 (the “New Notes”).

Key Points: 
  • MONTRÉAL, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$750 million aggregate principal amount of Senior Notes due 2030 (the “New Notes”).
  • The New Notes carry a coupon of 8.750% per annum, mature on November 15, 2030 and were sold at 100.000% of par.
  • Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the redemption of all of its outstanding 7.50% Senior Notes due 2025, (ii) to finance the offers to purchase up to $360 million aggregate purchase amount (exclusive of accrued and unpaid interest) of its outstanding 7.125% Senior Notes due 2026 and 7.875% Senior Notes due 2027, and/or for the repayment of other indebtedness, and (iii) for the payment of accrued interest and related fees and expenses.
  • The New Notes were offered and sold in Canada on a private placement basis only to “accredited investors” pursuant to certain prospectus exemptions.

American Airlines Announces Proposed Offering of Senior Secured Notes and New Term Loan

Retrieved on: 
Thursday, November 16, 2023
Sale, Term loan, Senior, AAL, Security (finance), American Airlines Group, Risk, European, Parent, Airport, Analysis, Person, American Airlines, SEC Rule 144A, Regulation, Financial condition report, Result, Note, Hong Kong

FORT WORTH, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).

Key Points: 
  • FORT WORTH, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).
  • The Company also announced it intends to borrow up to $750 million in aggregate principal amount of term loans (the “Term Loan”) under a new senior secured credit facility.
  • The Company expects to use the net proceeds from the offering of the Notes, together with the net proceeds from the Term Loan and cash on hand, to redeem $1.5 billion of its existing 11.75% Senior Secured Notes due 2025 (the “11.75% Senior Secured Notes”).
  • Neither the consummation of the Notes offering, nor the consummation of the Term Loan, is conditioned upon the consummation of the other financing.

LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2028

Retrieved on: 
Thursday, November 16, 2023
Sale, Senior, LGI Homes, Note, Person, SEC Rule 144A, Regulation, Offering, Security (finance)

The timing of pricing and terms of the Notes are subject to market conditions and other factors.

Key Points: 
  • The timing of pricing and terms of the Notes are subject to market conditions and other factors.
  • The Notes are expected to be guaranteed, jointly and severally, on a senior unsecured basis by the Company’s subsidiaries that guarantee the Company’s obligations under its revolving credit facility.
  • The Company intends to use the net proceeds from the Offering to repay a portion of the outstanding borrowings under its revolving credit facility.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Avis Budget Group Announces Pricing of $500 Million of Senior Notes

Retrieved on: 
Thursday, November 16, 2023
Avis Budget Group, Note, Person, SEC Rule 144A, Regulation, Bank, Security (finance)

PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”).

Key Points: 
  • PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”) priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031 (the “Notes”).
  • The closing of the offering of the Notes is expected to occur on November 22, 2023, subject to customary closing conditions.
  • The Notes will be issued at an issue price of 99.341% and guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries.
  • This press release does not constitute a notice of redemption of the 4.500% senior notes due 2025.

Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes

Retrieved on: 
Wednesday, November 15, 2023
Avis Budget Group, Note, Person, SEC Rule 144A, Regulation, Bank, Security (finance)

PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2031 (the “Notes”) in a private offering.

Key Points: 
  • PARSIPPANY, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2031 (the “Notes”) in a private offering.
  • The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries.
  • This press release does not constitute a notice of redemption of the 4.500% senior notes due 2025.
  • This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities.

NOVA Chemicals Corporation Announces Pricing of Private Offering of $400 Million of Senior Secured Notes

Retrieved on: 
Thursday, November 9, 2023
Sale, Torys, HSBC, LLP, NOVA, Nova Chemicals, AB, SMBC Nikko Securities, National bank, Latham & Watkins, RBC Capital Markets, SEC Rule 144A, Regulation, News, Security (finance)

CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).

Key Points: 
  • CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).
  • Alongside the 2028 notes offering, the Company announced a tender offer and consent solicitation for $400 million of its $1,050 million 4.875%, senior notes due 2024 (the “2024 notes”).
  • The Company plans to use the net proceeds of the 2028 notes offering to redeem $400 million of 2024 notes, to pay fees and expenses related to the offering, and general corporate purposes.
  • The closing of the offering of the 2028 notes is expected to occur on November 28, 2023, subject to customary closing conditions.

Kinetik Prices Upsized $300 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028

Retrieved on: 
Friday, December 15, 2023
Oil, Gas, Energy, Sale, Issuer, Woman, ISS, NYSE, Senior, Indenture, SPO, Debt-to-GDP ratio, Note, Methane, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $300 million sustainability-linked senior notes due 2028 (the “Senior Notes”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $300 million sustainability-linked senior notes due 2028 (the “Senior Notes”).
  • The Senior Notes were priced at 100.500% of par, plus accrued and unpaid interest from December 6, 2023.
  • The Senior Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15 and December 15 of each year.
  • The Senior Notes are being offered as additional notes under the indenture dated as of December 6, 2023, as may be supplemented from time to time (the “Indenture”), pursuant to which the Issuer has previously issued $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Existing Notes”).

Kinetik Announces $200 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes due 2028

Retrieved on: 
Friday, December 15, 2023
Sustainability, Energy, Environment, Oil, Gas, Sale, Issuer, Woman, ISS, NYSE, Senior, Indenture, SPO, Debt-to-GDP ratio, Note, Methane, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $200 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $200 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
  • The Senior Notes are being offered as additional notes under the indenture dated as of December 6, 2023, as may be supplemented from time to time (the “Indenture”), pursuant to which the Issuer has previously issued $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Existing Notes”).
  • The Senior Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Senior Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class.
  • Kinetik published a Sustainability-Linked Financing Framework (the “Framework”) on May 16, 2022 and obtained a second party opinion (“SPO”) on the Framework from ISS ESG.