Debt-to-GDP ratio

Jefferies Financial Group Inc. Announces Pricing of $1,500,000,000 6.200% Senior Notes Due 2034

Retrieved on:

Thursday, April 11, 2024

Banking, Asset Management, Professional Services, Finance, Debt-to-GDP ratio, JFG, Sale, Security (finance), Jefferies Group, EDGAR, JEF, Jefferies Financial Group, HSBC

Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of $1.5 billion aggregate principal amount of 6.200% Senior Notes due 2034 (the “Notes”) with an effective yield of 6.222%, maturing April 14, 2034.

Key Points:

Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) today announced the pricing of its public offering of $1.5 billion aggregate principal amount of 6.200% Senior Notes due 2034 (the “Notes”) with an effective yield of 6.222%, maturing April 14, 2034.
The offering is expected to settle on April 16, 2024, subject to the satisfaction of customary closing conditions.
The offering of the Notes is being made pursuant to an effective shelf registration statement, base prospectus and related prospectus supplement.
Investors may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission's (“SEC”) website at www.sec.gov .

Exact Sciences Announces Debt Exchange Transaction and Private Placement of Convertible Senior Notes

Retrieved on:

Thursday, April 11, 2024

Health, Oncology, Medical Supplies, Debt-to-GDP ratio, Sale, Agreement, Retirement, Common stock, Finance Secretary (India), Note, Security (finance)

Exact Sciences Corp. (Nasdaq: EXAS) (the “Company”), a leading provider of cancer screening and diagnostic tests, today announced that on April 10, 2024 it entered into privately negotiated exchange and purchase agreements (the “Agreements”) with certain holders of the Company’s 0.3750% Convertible Senior Notes due 2028 (the “Existing Notes”).

Key Points:

Exact Sciences Corp. (Nasdaq: EXAS) (the “Company”), a leading provider of cancer screening and diagnostic tests, today announced that on April 10, 2024 it entered into privately negotiated exchange and purchase agreements (the “Agreements”) with certain holders of the Company’s 0.3750% Convertible Senior Notes due 2028 (the “Existing Notes”).
The closing of the transaction is expected to occur on April 17, 2024, subject to customary closing conditions.
The New Notes will mature on April 15, 2031 (the “Maturity Date”), unless earlier repurchased, redeemed or converted.
K&L Gates LLP represented Exact Sciences Corporation and Kramer Levin Naftalis & Frankel LLP represented the placement agent in the transaction.

Public Storage Prices Public Offering of Senior Notes

Retrieved on:

Tuesday, April 9, 2024

Commercial Building & Real Estate, Construction & Property, REIT, Debt-to-GDP ratio, Sale, Prospectus, Storage, Public Storage, Compound, Security (finance), PSA, Brussels Stock Exchange, FT, Morgan Stanley, EDGAR, European, Note

Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).

Key Points:

Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).
The Notes will be issued in two tranches with an initial weighted average interest rate of approximately 5.8%.
The 2053 notes constitute a further issuance of, and form a single series with, PSOC’s previously issued 5.350% Senior Notes due 2053, $600 million of which are currently outstanding.
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

IMAX Corporation Reports First Quarter 2024 Earnings Results

Retrieved on:

Thursday, April 25, 2024

Debt-to-GDP ratio, Queen Rock Montreal, Sale, Service, Commercial, IMAX, Dune: Part Two, Webcast, Writer, Water, EPS, Line of credit, Marketing, Telephone, Note, Security (finance)

During the first quarter the Company installed 15 systems compared to 9 systems in the first quarter of 2023.

Key Points:

During the first quarter the Company installed 15 systems compared to 9 systems in the first quarter of 2023.
Net cash used in operating activities for the first quarter of 2024 was $11.0 million compared to net cash provided by operating activities of $21.2 million in the first quarter of 2023.
On a monthly basis, the Company posts quarter-to-date box office results on the IMAX Investor Relations website located at investors.imax.com .
The Company will host a conference call today at 8:30 AM ET to discuss its first quarter 2024 financial results.

TOTAL PLAY SUCCESSFULLY CONCLUDES AGREEMENT TO REFINANCE US$519 MILLION OF ITS US$575 MILLION SENIOR NOTES DUE IN 2025, EXTENDING ITS MATURITY TO 2028

Retrieved on:

Friday, April 19, 2024

Debt-to-GDP ratio, Telecommunications, Total, Senior, Note, Internet access, Cryptocurrency

MEXICO CITY, April 19, 2024 /PRNewswire/ -- Total Play Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today that it has successfully concluded an agreement to refinance US$519 million of its US$575 million senior notes due 2025, into new Senior Notes due 2028.

Key Points:

—The refinancing is equivalent to 90% of the original Senior Notes issuance, confirming the confidence of Total Play´s investors in its solid financial prospects—
MEXICO CITY, April 19, 2024 /PRNewswire/ -- Total Play Telecomunicaciones, S.A.P.I.
de C.V. ("Total Play"), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today that it has successfully concluded an agreement to refinance US$519 million of its US$575 million senior notes due 2025, into new Senior Notes due 2028.
The amount refinanced is the sum of the private exchange of US$213.5 million of the Senior Notes due 2025, announced last February, and the amount accepted from the exchange offer for US$305.5 million from the remaining US$361.5 million of such notes, concluded today.
The US$519 million refinancing is equivalent to 90% of the total amount of the Senior Notes due in 2025.

Fidelity National Financial, Inc. Announces Commencement of Consent Solicitation

Retrieved on:

Tuesday, April 16, 2024

Debt-to-GDP ratio, Date, DTC, Security (finance), FNF, Fidelity National Financial, BofA Securities, Proxy, Attention

Each of the consent solicitations is subject to the terms and conditions set forth in the consent solicitation statement, dated April 16, 2024 (the "Consent Solicitation Statement").

Key Points:

Each of the consent solicitations is subject to the terms and conditions set forth in the consent solicitation statement, dated April 16, 2024 (the "Consent Solicitation Statement").
For a complete statement of the terms and conditions of each consent solicitation, holders of each series of Notes should refer to the Consent Solicitation Statement.
Each of the consent solicitations is an independent solicitation, is not conditional upon any of the other consent solicitations and can be modified, extended and/or terminated without affecting the terms or conditions of the other consent solicitations.
The consent solicitations are being made solely pursuant to the Consent Solicitation Statement and are subject to the terms and conditions stated therein.

Radiate Holdco, LLC Releases Full Year 2023 Financial Results

Retrieved on:

Tuesday, April 9, 2024

Debt-to-GDP ratio, Indenture, Radiate, IntraLinks, Q&A

PRINCETON, N.J., April 9, 2024 /PRNewswire/ -- Radiate Holdco, LLC ("Radiate") announced today that it released its full year 2023 financial results on its secure investor website.

Key Points:

PRINCETON, N.J., April 9, 2024 /PRNewswire/ -- Radiate Holdco, LLC ("Radiate") announced today that it released its full year 2023 financial results on its secure investor website.
The financial results were provided in accordance with the terms of the Indentures governing Radiate's 4.5% Senior Notes due 2026 and 6.5% Senior Notes due 2028 (together, the "Notes").
Radiate will hold a conference call to discuss its results at 9:30 a.m. Eastern Time on Thursday, April 18, 2024.
During the conference call, representatives of Radiate will discuss the company's business and financial matters.

Avolta prices EUR 500 million of senior notes

Retrieved on:

Wednesday, April 10, 2024

EUR, The International Stock Exchange, European Economic Area, Official List, Financial services, Sale, Senior, Prospectus, EEA, Note, Debt-to-GDP ratio, FSMA, Security (finance)

Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).

Key Points:

Avolta today priced an offering of EUR 500 million aggregate principal amount of 4.750% Senior Notes due 2031 (the “Notes”).
Proceeds from the offering are expected to be used to refinance a portion of Avolta’s outstanding Senior Notes due 2024.
It is expected that the Notes will be admitted to the Official List of The International Stock Exchange.
Avolta has no intention to register any portion of the offering of these securities under the Securities Act.

MESA LABS ANNOUNCES AMENDMENT TO CREDIT FACILITY AND REPURCHASE OF SENIOR CONVERTIBLE NOTES

Retrieved on:

Monday, April 8, 2024

GKE, BANK, MLAB, Line of credit, Acquisition, Credit, Note, Depreciation, Revolver, Term loan, Debt-to-GDP ratio, Bank

The Credit Agreement includes a $75 million senior secured term loan facility (the “Term Loan”) and a $125 million senior secured revolving credit facility (the “Revolver”), both of which mature in April 2029.

Key Points:

The Credit Agreement includes a $75 million senior secured term loan facility (the “Term Loan”) and a $125 million senior secured revolving credit facility (the “Revolver”), both of which mature in April 2029.
The Credit Agreement includes a ten-year amortization schedule and no springing maturity relating to the Company’s 1.375% Convertible Senior Notes due August 2025 (the “2025 Notes”).
Proceeds from the Term Loan and Revolver will be used to pay down the Company’s 2025 Notes and for normal operating expenditures.
Additionally, Mesa has entered into separate, privately negotiated transactions with certain holders of the 2025 Notes to repurchase $75 million aggregate principal amount of the 2025 Notes for an aggregate repurchase price in cash of $71.25 million.

Eagle Shareholders Approve Merger With Star Bulk

Retrieved on:

Friday, April 5, 2024

Common stock, Certification, Plan, Agreement, Special, Sub, Security (finance), Eagle, Debt-to-GDP ratio

STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the “Merger Agreement”), entered into by and among Star Bulk Carriers Corp. (“Star Bulk”), Star Infinity Corp. (“Merger Sub”) and the Company and the merger contemplated thereby (the “Merger Proposal”) and (2) a proposal to authorize and approve the issuance of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), issuable upon the potential future conversion of the Company’s 5.00% Convertible Senior Notes due 2024 in excess of the conversion share cap set forth in the Indenture, dated as of July 29, 2019, between the Company and Deutsche Bank Trust Company Americas (the “Convertible Note Share Issuance Proposal”) at its special meeting of shareholders (the “Special Meeting”) held earlier today.

Key Points:

STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the “Merger Agreement”), entered into by and among Star Bulk Carriers Corp. (“Star Bulk”), Star Infinity Corp. (“Merger Sub”) and the Company and the merger contemplated thereby (the “Merger Proposal”) and (2) a proposal to authorize and approve the issuance of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), issuable upon the potential future conversion of the Company’s 5.00% Convertible Senior Notes due 2024 in excess of the conversion share cap set forth in the Indenture, dated as of July 29, 2019, between the Company and Deutsche Bank Trust Company Americas (the “Convertible Note Share Issuance Proposal”) at its special meeting of shareholders (the “Special Meeting”) held earlier today.
At the Special Meeting, approximately 65% of the Company’s outstanding shares (approximately 99% of the shares of Common Stock present at the Special Meeting) were voted in favor of the Merger Proposal and approximately 96% of the votes cast were voted in favor of the Convertible Note Share Issuance Proposal.
Under the terms of the Merger Agreement, at the effective time, each share of the Common Stock issued and outstanding immediately prior to the effective time (excluding Common Stock owned by Eagle, Star Bulk, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries) will be cancelled in exchange for the right to receive 2.6211 shares of common stock of Star Bulk, par value $0.01 per share, and any cash payable in respect of fractional shares.
The Company now expects to complete the merger on or about April 9, 2024, subject to the satisfaction of the remaining closing conditions.