Debt-to-GDP ratio

Transocean Ltd. Announces Proposed Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031

Retrieved on: 
Thursday, April 11, 2024
Debt-to-GDP ratio, Sale, Tender offer, Transocean, United, Senior, Redemption, Note, Security (finance)

STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), commenced a private offering of $1,500,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company’s subsidiaries.

Key Points: 
  • STEINHAUSEN, Switzerland, April 11, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), commenced a private offering of $1,500,000,000 aggregate principal amount of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2029 Notes, the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean Ltd. and certain of the Company’s subsidiaries.
  • The timing of pricing and terms of the Notes are subject to market conditions and other factors.
  • The Company intends to use the remaining net proceeds from the offering for the redemption of other priority guaranteed notes.
  • The Redemption is scheduled to occur on April 23, 2024, subject to the completion of the offering.

Invited Announces Final Tender Offer Results

Retrieved on: 
Thursday, April 11, 2024
Debt-to-GDP ratio, Tender offer, Note, Cryptocurrency

DALLAS, April 10, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the final tender results for the previously announced tender offer (the “Tender Offer”) by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), to purchase for cash up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”).

Key Points: 
  • DALLAS, April 10, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the final tender results for the previously announced tender offer (the “Tender Offer”) by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), to purchase for cash up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”).
  • The Tender Offer expired at 5:00 p.m., New York City time, on April 10, 2024 (the “Expiration Time”).
  • On April 10, 2024, the Company was advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that after the Early Tender Time and at or prior to the Expiration Time, an additional $4,000,000 in aggregate principal amount of the outstanding Notes had been validly tendered and not withdrawn in the Tender Offer.
  • In total, $33,600,000 in aggregate principal amount, or approximately 30.6%, of the outstanding Notes were validly tendered and accepted for purchase in the Tender Offer.

Lazard Reports First-Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
Professional Services, Finance, Debt-to-GDP ratio, Sale, Avison Young, Service provider, Schaeffler Group, Enviva, Vitesco Technologies, Weather, CSR Limited, Lazard, AbbVie, Thomson Reuters, Francisco Partners, SVB, The Weather Company, Conference, Euronext Paris, Rubicon, Mars, Endo International, Tax, Silicon, Lumen Technologies, AUM, Acquisition, Mars, Incorporated, Massimo Zanetti Beverage Group, AFE, Share repurchase, Bank statement, Name, Asset management, GAAP, Sixth Street Partners, Note, Telescopic sight

On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.

Key Points: 
  • On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.
  • Beginning in the first quarter of 2024, Lazard has updated the names of certain non-U.S. GAAP ("non-GAAP") measures and metrics.
  • We believe that presenting our results on an adjusted basis, in addition to the U.S. GAAP results, is a meaningful and useful way to compare our operating results across periods.
  • ET on April 25, 2024, to discuss the company’s financial results for the first quarter of 2024.

Hilton Reports First Quarter Results

Retrieved on: 
Wednesday, April 24, 2024
Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Destinations, Travel, Tourist Attractions, Debt-to-GDP ratio, Investment, Capital, HLT, Waldorf Astoria New York, RevPAR, Webcast, Curio (brand), Hilton Worldwide, Public expenditure, ADR, EPS, Acquisition, Multimedia, Adjustment, Graduate Hotels, NoMad, Manhattan, Credit, Growth, Hotel

Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its first quarter 2024 results.

Key Points: 
  • Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its first quarter 2024 results.
  • In the first quarter of 2024, Hilton opened 106 hotels, totaling 16,800 rooms, resulting in 14,200 net room additions.
  • Furthermore, Hilton debuted the Curio Collection by Hilton brand in Kenya and Motto by Hilton brand in Peru and entered into partnerships with AutoCamp and Small Luxury Hotels of the World ("SLH"), which will provide new elevated lodging experiences to Hilton guests.
  • Hilton will host a conference call to discuss first quarter of 2024 results on April 24, 2024 at 9:00 a.m. Eastern Time.

First Trust High Yield Opportunities 2027 Term Fund Declares its Monthly Common Share Distribution of $0.13 Per Share for May

Retrieved on: 
Monday, April 22, 2024
Other Professional Services, Asset Management, Professional Services, Finance, Debt-to-GDP ratio, Federal Reserve, Investment, New York Stock Exchange, Risk, Uncertainty, NAV, Federal, FTP, AIB (NI), FTA, Environment, Internal Revenue Code, Terrorism, Fund, ERISA, Infection, Nationalization, Judgement, Hamas, FINRA, COVID-19, Security (finance)

First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on May 28, 2024, to shareholders of record as of May 2, 2024.

Key Points: 
  • First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on May 28, 2024, to shareholders of record as of May 2, 2024.
  • The Fund has a practice of seeking to maintain a relatively stable monthly distribution which may be changed periodically.
  • High yield debt securities include U.S. and non-U.S. corporate debt obligations and senior, secured floating rate loans ("Senior Loans").
  • The Fund is not a "target term" Fund and its primary objective is to provide high current income.

DigitalBridge Announces Exchanges and Redemption of 2025 Exchangeable Senior Notes

Retrieved on: 
Monday, April 22, 2024
Professional Services, Data Management, Technology, Telecommunications, Asset Management, Digital Cash Management, Digital Assets, Debt-to-GDP ratio, Senior, Security (finance), Note

DigitalBridge Group, Inc .

Key Points: 
  • DigitalBridge Group, Inc .
  • (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced the exchanges and redemption of the remaining $78 million balance of its 5.75% Exchangeable Senior Notes due 2025 (“2025 Senior Notes”).
  • The transactions resulted in the issuance of 8.2 million additional Class A common shares to exchanging noteholders, which have previously been included in the Company’s calculation of its fully diluted share count, and a cash payment of $5 million to redeem the remaining outstanding principal balance of the 2025 Senior Notes following the exchanges.
  • The Company has filed a prospectus supplement and a current report on Form 8-K with the Securities and Exchange Commission in connection with the registration of common shares issued to certain holders in exchange for their 2025 Senior Notes.

Tutor Perini Prices $400 Million of Senior Notes

Retrieved on: 
Wednesday, April 17, 2024
Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, Tutor Perini, TPC, Investment, Person, Note, Regulation, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a private offering.
  • The sale of the Notes is expected to be completed on or about April 22, 2024.
  • The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
  • Any offers of the Notes and related guarantees will be made only by means of a private offering circular.

MFA Financial, Inc. Announces Pricing of Public Offering of Senior Notes

Retrieved on: 
Monday, April 15, 2024
Professional Services, Finance, Debt-to-GDP ratio, UBS, Prospectus, RBC Capital Markets, Security (finance), Egan-Jones Ratings Company, MBS, MFA, Wells Fargo, Note

MFA Financial, Inc. (NYSE:MFA) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”).

Key Points: 
  • MFA Financial, Inc. (NYSE:MFA) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”).
  • The offering is expected to close on April 17, 2024, subject to the satisfaction of customary closing conditions.
  • The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
  • The offering of these Notes will be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting:

Tutor Perini Announces Proposed Offering of $400 Million of Senior Notes

Retrieved on: 
Monday, April 15, 2024
Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Debt-to-GDP ratio, Sale, TPC, Investment, Hand, Tutor Perini, Regulation, Credit, Person, Note, Security (finance)

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it is offering $400 million in aggregate principal amount of senior notes (the “notes”) in a private offering.
  • The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries.
  • The offering, amount and terms of the notes are subject to market conditions.
  • Any offers of the notes and related guarantees will be made only by means of a private offering circular.

Herbalife Completes $1.6 Billion Senior Secured Refinancing, Includes $1.2 Billion Senior Secured Debt and $400 Million Revolver

Retrieved on: 
Friday, April 12, 2024
Online Retail, Retail, Health, Fitness & Nutrition, Specialty, General Health, Vitamins, Supplements, Debt-to-GDP ratio, Sale, HLF, Amend, Line of credit, Regulation, Credit, Note, Security (finance)

In addition, the Company entered into a $400 million senior secured Term Loan B facility maturing in April 2029 (“Amended Term Loan B”) and a $400 million senior secured revolving credit facility due in April 2028 (“Amended Revolving Credit Facility”) to amend and refinance its 2018 senior secured credit facility.

Key Points: 
  • In addition, the Company entered into a $400 million senior secured Term Loan B facility maturing in April 2029 (“Amended Term Loan B”) and a $400 million senior secured revolving credit facility due in April 2028 (“Amended Revolving Credit Facility”) to amend and refinance its 2018 senior secured credit facility.
  • The 2029 Secured Notes were issued at a price to the public of 97.298% of par and are non-callable for two years.
  • Total Leverage Ratio is defined as consolidated total debt to consolidated EBITDA as calculated under the amended credit facility.
  • The 2029 Secured Notes and amended credit facilities will be guaranteed on a senior secured basis by the Company and certain of its domestic and foreign subsidiaries.