Redemption value

Iconix Announces Conditional Notice of Redemption Concerning its Outstanding 5.75% Convertible Notes

Retrieved on: 
Tuesday, August 3, 2021
Financial markets, Iconix Brand Group, Madonna, Iconix, Truth or Dare by Madonna, Iconix, Finance, Redemption value, Investment

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (Iconix or the Company) today announced it has caused to be delivered a notice of full conditional redemption (the Notice) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the Notes).

Key Points: 
  • NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Iconix Brand Group, Inc. (Nasdaq: ICON) (Iconix or the Company) today announced it has caused to be delivered a notice of full conditional redemption (the Notice) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the Notes).
  • The Notice supersedes and replaces the Companys previously announced notice of conditional redemption delivered on July 16, 2021.
  • Additional information concerning the terms and conditions of the redemption are fully described in the Notice distributed to holders of the Notes.
  • In addition, Iconix owns interests in the MATERIAL GIRL , ED HARDY , TRUTH OR DARE , MODERN AMUSEMENT , BUFFALO and PONY brands.

Bombardier Announces Redemption Price Calculation in Respect of its 5.750% Senior Notes Due 2022

Retrieved on: 
Tuesday, July 20, 2021
Financial markets, Finance, Bond valuation, Fixed income analysis, Redemption value, Bombardier Inc., Redemption, Companies of Canada

MONTRAL, July 19, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 22, 2021 (the Notice) relating to all of its outstanding 5.750% Senior Notes due 2022 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.

Key Points: 
  • MONTRAL, July 19, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 22, 2021 (the Notice) relating to all of its outstanding 5.750% Senior Notes due 2022 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.
  • The redemption price for the Notes will be US$1,053.81 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.53 per US$1,000.00 (based on a Treasury Rate of 0.054%, as calculated by Bombardier on July 19, 2021), plus US$20.28 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.
  • The redemption date for the Notes is July 22, 2021, as set forth in the Notice.
  • Certain statements in this announcement are forward-looking statements based on current expectations.

Iconix Announces Conditional Notice of Redemption and Notice of Fundamental Change Concerning its Outstanding 5.75% Convertible Notes

Retrieved on: 
Friday, July 16, 2021
Finance, Corporate finance, Iconix, Money, Redemption value, Mergers and acquisitions, Financial economics

Additional information concerning the terms and conditions of the redemption are fully described in the Notice distributed to holders of the Notes.

Key Points: 
  • Additional information concerning the terms and conditions of the redemption are fully described in the Notice distributed to holders of the Notes.
  • Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.
  • The currently anticipated date of the Fundamental Change is August 3, 2021, and the proposed Fundamental Change Repurchase Date (as defined in the Indenture) is September 16, 2021.
  • In connection with the proposed acquisition of the Company, Iconix Merger Sub Inc. has announced a tender offer for all of the outstanding shares of Iconix.

Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024

Retrieved on: 
Friday, July 16, 2021
Energy, Other Energy, Utilities, Oil, Gas, Financial markets, Finance, Murphy Oil, Redemption value, Investment

Murphy Oil Corporation (the Company) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the Notes) on August 16, 2021, the redemption date for the Notes.

Key Points: 
  • Murphy Oil Corporation (the Company) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the Notes) on August 16, 2021, the redemption date for the Notes.
  • Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.
  • Additional information concerning the terms of the redemption is contained in the notice distributed to holders of the Notes.
  • As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible.

Exchange Income Corporation Announces $125,000,000 Bought Deal Financing of 5.25% Convertible Unsecured Subordinated Debentures

Retrieved on: 
Monday, July 12, 2021
Finance, Money, Sports, Corporate finance, Debenture, Debt, Redemption value

The Corporation intends to use the net proceeds from the Offering to fund the redemption of certain debentures as set forth below and to reduce indebtedness under the credit facility of the Corporation.

Key Points: 
  • The Corporation intends to use the net proceeds from the Offering to fund the redemption of certain debentures as set forth below and to reduce indebtedness under the credit facility of the Corporation.
  • The Debentures will have a maturity date of July 31, 2028 (the Maturity Date).
  • The Corporation also announced that it will issue a notice of redemption to the holders of its currently outstanding 7 year 5.25% convertible unsecured subordinated debentures maturing on June 30, 2023 (the "2016 Debentures").
  • Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing.

RiverNorth Specialty Finance Corporation Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, July 8, 2021
Professional services, Finance, Financial markets, Finance, DST Systems, Money, N-Shares, Repurchase agreement, Redemption value, Corporate finance

RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 227,380 of its outstanding common shares.

Key Points: 
  • RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 227,380 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on July 7, 2021.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 2,645,722 shares were submitted for redemption and 227,380 shares were repurchased.
  • The information agent for the repurchase offer is DST Systems, Inc. Any questions with regard to the tender offer may be directed to the information agent toll-free at 844-569-4750.

Cansortium Cancels Convertible Notes

Retrieved on: 
Friday, July 2, 2021
Financial markets, Finance, Money, Convertible bond, Corporate finance, OTC Markets Group, Promissory note, Redemption value

MIAMI, FL, July 2, 2021 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent brand, today announced that it has exercised its right under the convertible promissory notes (the "Notes") initially issued in the aggregate principal amount of US$10 million in February 2019 (as amended in August 2020, February 2021 and May 2021) to force the conversion of the Notes into common shares of the Company.

Key Points: 
  • MIAMI, FL, July 2, 2021 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated cannabis company operating under the Fluent brand, today announced that it has exercised its right under the convertible promissory notes (the "Notes") initially issued in the aggregate principal amount of US$10 million in February 2019 (as amended in August 2020, February 2021 and May 2021) to force the conversion of the Notes into common shares of the Company.
  • As a result, all obligations under the Notes have been satisfied and are thus canceled.
  • With this redemption, we have eliminated all convertible notes from our cap table.
  • We would like to thank our convertible noteholders for their support of the Company over these past two years."

Bombardier Announces Redemption Price Calculation in respect of its 8.750% Senior Notes due 2021

Retrieved on: 
Tuesday, June 29, 2021
Financial markets, Finance, Bond valuation, Fixed income analysis, Redemption value, Bombardier Inc., Redemption, Companies of Canada

MONTRAL, June 28, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 3, 2021 (the Notice) relating to all of its outstanding 8.750% Senior Notes due 2021 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.

Key Points: 
  • MONTRAL, June 28, 2021 (GLOBE NEWSWIRE) -- Pursuant to Bombardier Inc.s (Bombardier) notice of redemption dated June 3, 2021 (the Notice) relating to all of its outstanding 8.750% Senior Notes due 2021 (the Notes), Bombardier today announced the calculation of the redemption price for the Notes.
  • The redemption price for the Notes will be US$1,041.39 per US$1,000.00 principal amount of Notes, consisting of the Make-Whole Premium of US$1,033.86 per US$1,000.00 (based on a Treasury Rate of 0.051%, as calculated by Bombardier on June 28, 2021), plus US$7.53 in accrued and unpaid interest to but excluding the redemption date for the Notes, all as calculated in accordance with the terms of the indenture governing the Notes.
  • The redemption date for the Notes is July 2, 2021, as set forth in the Notice.
  • Certain statements in this announcement are forward-looking statements based on current expectations.

Great Elm Capital Corp. Announces Conditional Redemption of 6.50% Notes due 2022

Retrieved on: 
Wednesday, June 23, 2021
Financial markets, Finance, Stock market, Capital appreciation, Valuation, Redemption value, Security, Investment

The Company will redeem all of the issued and outstanding Notes on July 23, 2021 (the Redemption Date).

Key Points: 
  • The Company will redeem all of the issued and outstanding Notes on July 23, 2021 (the Redemption Date).
  • The Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon from April 30, 2021, through, but excluding, the Redemption Date.
  • Questions relating to the notice of redemption should be directed to American Stock Transfer & Trust Company, LLC via telephone at 1 (800) 9375449.
  • About Great Elm Capital Corp.
    Great Elm Capital Corp. is an externally managed, specialty finance company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses.

Atlanticus Announces Full Redemption of 5.875% Convertible Senior Notes due 2035

Retrieved on: 
Thursday, June 17, 2021
Financial markets, Finance, Money, Convertibility, Foreign exchange market, Metallism, Redemption value, Convertible security, Corporate finance

ATLANTA, June 17, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a technology-enabled financial services company, today announced that it has provided notice of redemption of all $16.5 million aggregate principal amount of its outstanding 5.875% convertible senior notes due 2035.

Key Points: 
  • ATLANTA, June 17, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a technology-enabled financial services company, today announced that it has provided notice of redemption of all $16.5 million aggregate principal amount of its outstanding 5.875% convertible senior notes due 2035.
  • The notes are redeemable at a cash redemption price equal to 100% of the principal amount of the notes outstanding.
  • Holders of the notes have the right to convert the notes called for redemption no later than 5:00 p.m., E.T.
  • This press release contains forward-looking statements that reflect the Company's current views with respect to, among other things, its plans to redeem its 5.875% convertible senior notes due 2035.