Note

Sonic Automotive Announces Pricing of $1.15 Billion of Senior Notes in a Private Offering

General Automotive, Other Automotive, Automotive, Risk, Debt-to-GDP ratio, Borrowing (Control and Guarantees) Act 1946, Senior, SAH, Note, Growth, Security (finance), Securities Act of 1933, SEC, Regulation, NYSE, SEC Rule 144A, U.S. Securities and Exchange Commission, Company, Sale, Acquisition, Automotive industry, COVID-19
Friday, October 15, 2021 - 11:00pm

Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).

Key Points: 
  • Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).
  • The Notes will be guaranteed on a senior unsecured basis by certain of the Companys subsidiaries.
  • The sale of the Notes is expected to close on October 27, 2021, subject to customary closing conditions.
  • Included herein are forward-looking statements, including statements pertaining to a private offering of securities and redemption of all the outstanding 6.125% Notes.

Banco La Hipotecaria S.A. Announces Transaction

The Act, Trust, Grant (law), Intention, Note, Risk, Securities Act of 1933, PANAMA, Regulation, Act, SEC Rule 144A, GLOBE, Nature, Uncertainty, BLH, Sale, Issuer, Certificate, 16th century, Security (finance)
Friday, October 15, 2021 - 6:03pm

PANAMA CITY, Oct. 15, 2021 (GLOBE NEWSWIRE) -- La Hipotecaria Panamanian Mortgage Trust 2021-1 (LHIPO 2021-1 GA), a Delaware statutory Trust (the "Trust"), through its Grantor, Banco La Hipotecaria S.A. ("BLH"), announces the intention to offer and sell, subject to market and other conditions, $100 Million o 144a/Reg S pass-through amortizing Grantor Trust Certificates (the "Certificates").

Key Points: 
  • PANAMA CITY, Oct. 15, 2021 (GLOBE NEWSWIRE) -- La Hipotecaria Panamanian Mortgage Trust 2021-1 (LHIPO 2021-1 GA), a Delaware statutory Trust (the "Trust"), through its Grantor, Banco La Hipotecaria S.A. ("BLH"), announces the intention to offer and sell, subject to market and other conditions, $100 Million o 144a/Reg S pass-through amortizing Grantor Trust Certificates (the "Certificates").
  • The expected weighted average life is approximately sevenyears.
  • Any offers of the securities will be made only by means of a private offering circular pursuant to Rule 144A and Regulation S under the Act.
  • This press release contains certain forward-looking statements that the Trust believes to be reasonable as of today's date only.

Glatfelter Announces Pricing of 4.750% Senior Notes Offering

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Thursday, October 14, 2021 - 10:28pm

CHARLOTTE, N.C., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (Glatfelter or the Company) (NYSE: GLT) announced today that it has priced its offering of $500 million in aggregate principal amount of 4.750% senior notes due 2029 (the Notes).

Key Points: 
  • CHARLOTTE, N.C., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Glatfelter Corporation (Glatfelter or the Company) (NYSE: GLT) announced today that it has priced its offering of $500 million in aggregate principal amount of 4.750% senior notes due 2029 (the Notes).
  • The offering of the Notes is expected to close on October 25, 2021, subject to certain closing conditions.
  • The Company is making the offering pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the Securities Act).
  • The initial purchasers of the Notes are offering the Notes only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, or outside the United States to certain persons in reliance on Regulation S under the Securities Act.

PennantPark Investment Corporation Prices Public Offering of $165 Million 4.00% Unsecured Notes Due 2026

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Thursday, October 14, 2021 - 10:15pm

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the Company) (NASDAQ: PNNT) announced that it has priced an underwritten public offering of $165 million in aggregate principal amount of its 4.00% unsecured notes due 2026 (the Notes).

Key Points: 
  • NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the Company) (NASDAQ: PNNT) announced that it has priced an underwritten public offering of $165 million in aggregate principal amount of its 4.00% unsecured notes due 2026 (the Notes).
  • Compass Point Research & Trading, LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc. and Oppenheimer & Co. Inc. are acting as co-managers for this offering.
  • PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.
  • PennantPark Investment Advisers, LLC is headquartered in New York and has offices in Chicago, Houston, and Los Angeles.

Weatherford International plc Announces the Upsizing and Pricing of a $1,600 Million Senior Notes Offering

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Thursday, October 14, 2021 - 10:20pm

HOUSTON, Oct. 14, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer"), has priced its previously announced offering of 8.625% senior notes due 2030 (the "Notes") at an issue price of 100%.

Key Points: 
  • HOUSTON, Oct. 14, 2021 /PRNewswire/ --Weatherford International plc(NASDAQ: WFRD) ("Weatherford" or the "Company") today announced that its wholly owned subsidiary, Weatherford International Ltd. (the "Issuer"), has priced its previously announced offering of 8.625% senior notes due 2030 (the "Notes") at an issue price of 100%.
  • The aggregate principal amount of the Notes to be issued was increased from the previously announced $1,500.0 million to $1,600 million.
  • The offering of the Notes is expected to close on October 27, 2021, subject to customary closing conditions.
  • The Notes will be guaranteed by the Company and the same subsidiaries of the Company that guarantee the Issuer's 6.50% Senior Secured First Lien Notes due September 15, 2028.

ARKO Corp. Announces Pricing of its Senior Unsecured Notes Offering

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Thursday, October 14, 2021 - 9:43pm

RICHMOND, Va., Oct. 14, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the Company) today announced the pricing of its previously announced private offering of $450.0 million aggregate principal amount of 5.125% Senior Unsecured Notes due 2029 (the Notes).

Key Points: 
  • RICHMOND, Va., Oct. 14, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (the Company) today announced the pricing of its previously announced private offering of $450.0 million aggregate principal amount of 5.125% Senior Unsecured Notes due 2029 (the Notes).
  • The Company expects the offering of the Notes to close on or around October 21, 2021, subject to customary closing conditions.
  • ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (GPM).
  • ARKO assumes no obligation to update forward-looking information, except as required by applicable law.

Vertiv Group Corporation Announces Pricing of Private Offering of $850 Million of Senior Secured Notes due 2028

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Thursday, October 14, 2021 - 9:56pm

Vertiv Holdings Co (Vertiv) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that a subsidiary, Vertiv Group Corporation (the Issuer), priced its offering (the Offering) of $850 million aggregate principal amount of its Senior Secured Notes due 2028 (the Notes) in a private placement at par.

Key Points: 
  • Vertiv Holdings Co (Vertiv) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that a subsidiary, Vertiv Group Corporation (the Issuer), priced its offering (the Offering) of $850 million aggregate principal amount of its Senior Secured Notes due 2028 (the Notes) in a private placement at par.
  • The Notes will bear interest at 4.125% per annum and mature on Nov. 15, 2028.
  • The Notes will be guaranteed on a senior secured basis by Vertiv Intermediate Holdings II Corporation and the existing and future wholly owned domestic restricted subsidiaries of the Issuer (each, a Guarantor).
  • The Notes will be secured by liens on certain collateral from time to time owned by the Issuer and each Guarantor, subject to certain exceptions.

DGAP-News: Polyus Finance Plc: Closing of USD 700 million Eurobonds offering

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Thursday, October 14, 2021 - 5:11pm

THE SECURITIES ARE NOT INTENDED FOR "OFFERING", "PLACEMENT" OR "CIRCULATION" (EACH AS DEFINED IN RUSSIAN SECURITIES LAWS) IN THE RUSSIAN FEDERATION, EXCEPT AS PERMITTED BY RUSSIAN LAW.

Key Points: 
  • THE SECURITIES ARE NOT INTENDED FOR "OFFERING", "PLACEMENT" OR "CIRCULATION" (EACH AS DEFINED IN RUSSIAN SECURITIES LAWS) IN THE RUSSIAN FEDERATION, EXCEPT AS PERMITTED BY RUSSIAN LAW.
  • Polyus Finance plc (the "Issuer"), an indirect wholly-owned finance subsidiary of PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", the "Company") announces that the Issuer has closed and settled the issuance of USD 700 million notes due 14 October 2028 with a coupon of 3.25% per annum (the "Notes").
  • The Notes are guaranteed by PJSC Polyus and Joint Stock Company Polyus Krasnoyarsk, a wholly-owned subsidiary of the Company.
  • Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations.

Swinerton Accelerates Construction Projects with Matterport, Cutting Travel Costs by 50 Percent

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Thursday, October 14, 2021 - 4:28pm

By capturing digital twins of projects throughout the construction process, Swinerton can visually document site conditions in a photorealistic and dimensionally accurate way.

Key Points: 
  • By capturing digital twins of projects throughout the construction process, Swinerton can visually document site conditions in a photorealistic and dimensionally accurate way.
  • By using Matterport, Swinerton has reduced the need for architects, mechanics, electricians, and plumbers to travel by up to 50 percent.
  • By integrating digital twins into their workflow, Swinerton has almost eliminated travel time and associated costs for clients, saving them thousands of dollars.
  • Swinerton is a California-based construction firm with projects throughout the U.S. and more than 4,000 employees.

Triton International Announces Completion of Strategic Transition of Debt Capital Structure

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Thursday, October 14, 2021 - 2:09pm

October 14, 2021 Triton International Limited (NYSE: TRTN) (Triton or the Company) today announced the following actions implementing the planned transition of Tritons debt capital structure to primarily unsecured debt:

Key Points: 
  • October 14, 2021 Triton International Limited (NYSE: TRTN) (Triton or the Company) today announced the following actions implementing the planned transition of Tritons debt capital structure to primarily unsecured debt:
    Tritons subsidiary, Triton Container International Limited (TCIL), has amended and restated its existing revolving credit facility and $1.2 billion term loan facility so that both facilities will now be unsecured.
  • The applicable series of Notes are:
    We are very pleased to have quickly and efficiently concluded this capital structure transition, commented John Burns, Chief Financial Officer.
  • We believe these enhancements to our capital structure were enabled by our market leading position, history of strong financial performance and solid balance sheet.
  • Triton International Limited is the worlds largest lessor of intermodal freight containers.