Note

First Quantum Minerals Announces Pricing Of $1,600 Million Senior Secured Second Lien Notes Offering

Retrieved on: 
Friday, February 23, 2024

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”). The issue price of the Notes is 100.000%.

Key Points: 
  • TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”).
  • The Notes will be guaranteed, jointly and severally, on a senior basis by the guarantors (the “Guarantors”) described in the offering memorandum for the Offering (the “Guarantees”).
  • The Guarantees will rank equally in right of payment to all existing and future senior debt of the Guarantors.
  • The Company intends to apply the net proceeds from the Offering towards the redemption of all of its outstanding senior notes due 2025 and 2026.

Parsons Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution

Retrieved on: 
Thursday, February 22, 2024

In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution.

Key Points: 
  • In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution.
  • In connection with issuing the Existing Convertible Notes, Parsons entered into convertible note hedge transactions (the “existing convertible note hedge transactions”) and warrant transactions (the “existing warrant transactions,” and, together with the existing convertible note hedge transactions, the “existing call spread transactions”) with certain financial institutions (the “existing option counterparties”).
  • The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Parsons’ common stock underlying the notes.
  • If the initial purchasers exercise their option to purchase additional notes, Parsons expects to enter into additional capped call transactions with the option counterparties.

Parsons Announces Offering Of $700.0 Million Of Convertible Senior Notes Due 2029

Retrieved on: 
Wednesday, February 21, 2024

CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement.

Key Points: 
  • CHANTILLY, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement.
  • Upon conversion, the notes will settle for cash and, if applicable, shares of Parsons’ common stock.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.
  • This activity could affect the market price of Parsons’ common stock and the initial conversion price of the notes.

First Quantum Announces $1,600 Million Senior Secured Second Lien Notes Offering As Part of Comprehensive Refinancing

Retrieved on: 
Wednesday, February 21, 2024

TORONTO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announces that it is launching an offering of $1,600 million aggregate principal amount of senior secured second lien notes due 2029 (the “Notes”).

Key Points: 
  • TORONTO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announces that it is launching an offering of $1,600 million aggregate principal amount of senior secured second lien notes due 2029 (the “Notes”).
  • The Notes will be guaranteed, jointly and severally, on a senior basis by certain guarantors as described in the offering memorandum (the “Guarantees”).
  • The Company intends to apply the net proceeds from the sale of the Notes towards the redemption of all of its outstanding senior notes due 2025 and 2026.
  • The Company has prepared an offering memorandum which will be made available to selected prospective purchasers of the Notes.

Kayne Anderson Energy Infrastructure Fund Prices Private Placement of $75 Million of Notes

Retrieved on: 
Wednesday, February 21, 2024

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.

Key Points: 
  • Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.
  • The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders.
  • KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies.
  • Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein.

Sunrun Inc. Announces Proposed Private Offering of $475 Million of Convertible Senior Notes

Retrieved on: 
Wednesday, February 21, 2024

The notes will be senior, unsecured obligations of Sunrun and will accrue interest payable semiannually in arrears on March 1 and September 1 of each year, beginning on September 1, 2024.

Key Points: 
  • The notes will be senior, unsecured obligations of Sunrun and will accrue interest payable semiannually in arrears on March 1 and September 1 of each year, beginning on September 1, 2024.
  • The notes will be convertible into cash, shares of Sunrun’s common stock or a combination of cash and shares of Sunrun’s common stock, at Sunrun’s election.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
  • If the initial purchasers exercise their option to purchase additional notes, Sunrun expects to enter into additional capped call transactions with the option counterparties.

Avis Budget Group Announces Pricing of €600 Million of Senior Notes

Retrieved on: 
Wednesday, February 21, 2024

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced size of the offering.

Key Points: 
  • PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced size of the offering.
  • The closing of the offering of the Notes is expected to occur on February 28, 2024, subject to customary closing conditions.
  • The Notes will be issued at par 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 4.750% senior notes due 2026.

ISC to Release 2023 Fourth Quarter and Year End Financial Results on March 12, 2024

Retrieved on: 
Tuesday, February 20, 2024

REGINA, Saskatchewan, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) advises that it will release its financial results for the fourth quarter and year ended December 31, 2023 on Tuesday, March 12, 2024 after market close.

Key Points: 
  • REGINA, Saskatchewan, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) advises that it will release its financial results for the fourth quarter and year ended December 31, 2023 on Tuesday, March 12, 2024 after market close.
  • ISC’s Consolidated Financial Statements and Notes and Management’s Discussion and Analysis for the fourth quarter and year-ended December 31, 2023 will be available on SEDAR+ at www.sedarplus.ca and our website at www.isc.ca .
  • An investor conference call will be held on Wednesday, March 13, 2024 at 11:00 a.m.
  • A replay of the webcast will be available approximately 24 hours after the event on ISC’s website www.isc.ca .

Barrel Energy announces cancellation of land lease and elimination of $ 3.9 million of liabilities

Retrieved on: 
Tuesday, February 20, 2024

Las Vegas, NV., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to update shareholders on financial actions, including:

Key Points: 
  • Las Vegas, NV., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “BRLL”) is pleased to update shareholders on financial actions, including:
    Unwinding the Land Lease Agreement.
  • On May 14, 2019, the Company signed a land lease in central California for 602 acres at $1,000 per acre to grow hemp for fiber usage.
  • These Notes have been restructured to eliminate the variable priced conversion and will have a fixed conversion price of $0.03.
  • The reduction in $3,946,219 in liabilities is a good step to move our exploration and development forward on our two primary assets which are the two Pl.s in Tanzania.

Avis Budget Group Announces Intention to Offer €400 Million of Senior Notes

Retrieved on: 
Tuesday, February 20, 2024

PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private offering.

Key Points: 
  • PARSIPPANY, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), intends, subject to market and other customary conditions, to offer €400 million aggregate principal amount of senior notes due 2029 (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 4.750% senior notes due 2026.
  • 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.