Accrued interest

Xerox Holdings Corporation Announces Pricing of Tender Offers for 3.800% Senior Notes due 2024 and 5.000% Senior Notes due 2025

Retrieved on: 
Monday, March 18, 2024
Hardware, Robotics, Other Technology, Technology, Software, Xerox, Exercise, Sale, Date, Interest, Tender, Tender offer, Accrued interest, Person, Security (finance)

The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024 (as amended, the "Offer to Purchase").

Key Points: 
  • The tender offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated March 4, 2024, as amended by Xerox Holdings’ press release dated March 5, 2024 (as amended, the "Offer to Purchase").
  • The tender offers comprise (i) Xerox Holdings’ offer to purchase for cash up to $362 million aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) and (ii) Xerox Corporation’s (“Xerox” and, together with Xerox Holdings, the “Company”) offer to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes” and, together with the 2025 Notes, the “Notes”) (collectively, the “Tender Offers”).
  • The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
  • Global Bondholder Services Corporation is the tender and information agent for the Tender Offers and can be contacted at (855) 654-2014 (toll-free) or (212) 430-3774 (collect).

Tender offer for hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, ITS, Danske Bank, Accrued interest, J. P. Morgan, ANY, Purchasing, NOT, Morgan Stanley, Capital, A/S, Tender, AS, HSBC, Security (finance)

Ørsted A/S (‘Ørsted’) hereby invites holders of its:

Key Points: 
  • Ørsted A/S (‘Ørsted’) hereby invites holders of its:
    •    EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
    to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
  • Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
  • Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.

Tender offer for hybrid capital securities – final results

Retrieved on: 
Wednesday, March 13, 2024
ACT, ITS, Accrued interest, ANY, Purchasing, Settlement date, EUR, NOT, The Purchase Price, Security (finance), A/S, AS

Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).
  • The Offer was announced on 5 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’).
  • Capitalised terms used in this announcement and not otherwise defined have the meaning given to them in the Tender Offer Memorandum.
  • As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March 2024, EUR 249,544,000 in aggregate principal amount of the Securities was validly tendered pursuant to the Offer.

New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024
Energy, Utilities, Oil, Gas, Morgan Stanley, Expiration, Accrued interest, Settlement date, Date, Debt, Tender offer, CUSIP, Tender, Settlement, Cryptocurrency

For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30.00 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025

Retrieved on: 
Tuesday, March 5, 2024
Finance, Other Energy, Utilities, Banking, Oil, Gas, Professional Services, Alternative Energy, Energy, Other Professional Services, Morgan Stanley, Expiration, Accrued interest, Settlement date, Date, Debt, Tender offer, CUSIP, Tender, Settlement, Cryptocurrency

(5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points: 
  • (5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
  • If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
  • The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

Xerox Announces Tender Offers for 2024 Notes and 2025 Notes

Retrieved on: 
Monday, March 4, 2024
Retail, Office Products, Expiration, Person, Accrued interest, Note, Xerox, Holding, Sale, Date, Tender offer, Interest, Security (finance), Tender, Cryptocurrency

Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).

Key Points: 
  • Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).
  • The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
  • The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase.
  • This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.

Ball Corporation Announces Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Wednesday, February 14, 2024
Morgan Stanley, Accrued interest, Bloomberg, Telephone, Sale, Disposition, United States Treasury security, Tender offer, UST, Treasury, Tender, BNP Paribas

Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.

Key Points: 
  • Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.
  • Ball reserves the right to amend, extend, terminate or waive any condition with respect to one Tender Offer without taking a similar action with respect to the other Tender Offer.
  • BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC are serving as dealer managers in connection with the Tender Offers.
  • Each Tender Offer is being made solely pursuant to the Offer to Purchase made available to holders of the Notes.

Five Point Holdings, LLC Announces Commencement of Exchange Offer and Consent Solicitation

Retrieved on: 
Monday, December 11, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Construction & Property, Sale, Issuer, Supporting Party Mountain, Participation, Exchange, Holder, Accrued interest, Security (finance), Exit consent, Settlement date, Person, Letter, Exchange offer, Amendment, Annual report, Personal Information Agent, Consent, SEC Rule 144A, Regulation, Interest, Life insurance, Nightclub, Solicitation, Eligibility, Note, News & Notes

Eligible Holders tendering their Existing Notes in the Exchange Offer must also deliver their Consent to the Proposed Amendments and Eligible Holders delivering their Consents with respect to the Solicitation must also tender their Existing Notes in the Exchange Offer.

Key Points: 
  • Eligible Holders tendering their Existing Notes in the Exchange Offer must also deliver their Consent to the Proposed Amendments and Eligible Holders delivering their Consents with respect to the Solicitation must also tender their Existing Notes in the Exchange Offer.
  • Interest will cease to accrue on the Settlement Date for all Existing Notes accepted for exchange in the Exchange Offer.
  • The Company will not receive any cash proceeds from the issuance of the New Notes in the Exchange Offer and the Solicitation.
  • Existing Notes surrendered in connection with the Exchange Offer, and accepted for exchange, will be cancelled.

Coty Inc. Announces Pricing of Cash Tender Offers and Acceptance of $400 Million Outstanding Debt Securities

Retrieved on: 
Wednesday, November 22, 2023
Finance, Fashion, Cosmetics, Retail, Professional Services, Mini-tender offer, J.P. Morgan & Co., Exercise, Tender offer, Date, Note, Treasury, Bloomberg, BofA Securities, Accrued interest, Settlement, Tender, Security (finance), Cryptocurrency

Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and accepted for purchase by the Company.

Key Points: 
  • Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and accepted for purchase by the Company.
  • Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.
  • The Total Consideration includes an early tender premium of $30.00 per $1,000 principal amount of each series of Notes accepted for purchase (the “Early Tender Premiums”).
  • BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as Dealer Managers in connection with the applicable Tender Offers.

AIG Announces Reference Yields and Total Consideration for its Tender Offer for Debt Securities

Retrieved on: 
Tuesday, November 21, 2023
Professional Services, Insurance, Finance, Telephone, Security (finance), Mini-tender offer, Exercise, Date, Participation, Tender offer, Nature, SMBC Nikko Securities, AIG, Personal Information Agent, BNP Paribas, BofA Securities, Accrued interest, Settlement, News, Tender, Cryptocurrency, Life insurance

As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points: 
  • As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
  • In addition, holders whose Securities are accepted will also receive Accrued Interest (as defined below) on such Securities.
  • The early participation date for the Tender Offer was 5:00 p.m. (New York City time), on November 20, 2023 (the “Early Participation Date”).
  • AIG will not accept for purchase any other Securities tendered in the Tender Offer.