Redemption value

American Woodmark Corporation Announces Conditional Full Redemption of 4.875% Senior Notes Due 2026

Retrieved on: 
Friday, March 26, 2021
Interior design, Other Construction & Property, Architecture, Residential Building & Real Estate, Construction & Property, Financial markets, Finance, Contract law, Money, American Woodmark, Winchester, Virginia, Indenture, Redemption value, Redemption

American Woodmark Corporation (NASDAQ: AMWD) (the Company) today announced that it will give a notice of conditional full redemption to redeem all $350 million aggregate principal amount outstanding of its 4.875% Senior Notes due 2026 (the Notes) pursuant to the terms of the indenture governing the Notes (the Redemption).

Key Points: 
  • American Woodmark Corporation (NASDAQ: AMWD) (the Company) today announced that it will give a notice of conditional full redemption to redeem all $350 million aggregate principal amount outstanding of its 4.875% Senior Notes due 2026 (the Notes) pursuant to the terms of the indenture governing the Notes (the Redemption).
  • The Company may cancel the Redemption and rescind any notice concerning the Redemption in its sole discretion if the Company believes that the conditions for redemption will not be satisfied or waived.
  • This press release does not constitute a notice of redemption under the indenture governing the Notes or an obligation to issue a notice of redemption.
  • American Woodmark Corporation manufactures and distributes kitchen, bath and home organization products for the remodeling and new home construction markets.

Parkland Announces $600 Million Offering of Senior Unsecured Notes

Retrieved on: 
Wednesday, March 10, 2021
Finance, Money, Financial markets, Bond valuation, Fixed income analysis, Redemption value, Redemption, Prospectus, Private placement

The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.

Key Points: 
  • The Notes are being conditionally offered for sale in Canada on a private placement basis pursuant to certain prospectus exemptions.
  • Parkland also announced today that conditional redemption notices will be delivered for the full redemption of the 5.75% Senior Notes, with a redemption price of 102.875%, and the partial redemption of the 5.625% Senior Notes, with a redemption price of 102.813%.
  • The redemption date for the 5.75% Senior Notes will be April 9, 2021 and the redemption date for the 5.625% Notes will be May 9, 2021.
  • If Parkland is unable to complete the Offering and/or Redemptions, there could be a material adverse impact on Parkland and on the value of its securities.

iSun Announces Redemption of All Public Warrants

Retrieved on: 
Tuesday, March 9, 2021
Oil, Gas, Building Systems, Residential Building & Real Estate, Coal, Commercial Building & Real Estate, Alternative energy, Construction & Property, Energy, Nuclear, REIT, Landscape, Interior design, Other Energy, Utilities, Architecture, Other Construction & Property, Finance, Money, Financial markets, Options, Corporate finance, Equity securities, Warrant, Redemption value

Any Public Warrants that remain unexercised at 6:30 p.m. New York City time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Public Warrants in street name.

Key Points: 
  • Any Public Warrants that remain unexercised at 6:30 p.m. New York City time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Public Warrants in street name.
  • The Company hereby informs you of its intention to irrevocably deposit with the Warrant Agent cash sufficient to pay the redemption price for all outstanding Public Warrants no later than one day prior to the Redemption Date.
  • The redemption of our warrants marks another critical step in the evolution of iSun as we work to further streamline our capital structure and enhance our cash position, said Jeffrey Peck, iSuns Chief Executive Officer.
  • None of the Company, its Board of Directors or officers has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.

Itron Announces $400 Million Convertible Senior Notes

Retrieved on: 
Monday, March 8, 2021
Other Natural Resources, Environment, Utilities, Alternative energy, Energy, Natural Resources, Financial markets, Finance, Contract law, Money, Convertible bond, Corporate finance, Option, Redemption value, Convertible security, Indenture

The Company intends to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first day the Notes are issued, an additional $60 million aggregate principal amount of Notes.

Key Points: 
  • The Company intends to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first day the Notes are issued, an additional $60 million aggregate principal amount of Notes.
  • The terms of the Notes, including the interest rate, initial conversion rate and other terms, will be determined at the pricing of the offering.
  • If the initial purchasers exercise their option to purchase additional Notes, the Company may enter into additional convertible note hedge transactions and additional warrant transactions with the Hedge Counterparties.
  • Such redemption will be made solely pursuant to a redemption notice delivered pursuant to the indenture governing the 5.00% senior notes due 2026, and nothing contained in this press release constitutes a notice of redemption of the 5.00% senior notes due 2026.

LKQ Corporation Announces Early Redemption of €750 Million 3.625% Senior Notes Due 2026

Retrieved on: 
Monday, March 8, 2021
Financial markets, Finance, Money, LKQ Corporation, Redemption value, Redemption, Indenture

CHICAGO, March 08, 2021 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced today that LKQ European Holdings B.V., a wholly-owned subsidiary of the Company, (LKQ European Holdings) delivered a notice of early redemption to the holders of LKQ European Holdings 750 million3.625% Senior Notes due 2026 (the Notes).

Key Points: 
  • CHICAGO, March 08, 2021 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced today that LKQ European Holdings B.V., a wholly-owned subsidiary of the Company, (LKQ European Holdings) delivered a notice of early redemption to the holders of LKQ European Holdings 750 million3.625% Senior Notes due 2026 (the Notes).
  • The redemption date is scheduled for April 1, 2021 (the "Redemption Date"), subject to the Company having sufficient financing available on the Redemption Date to pay the redemption price.
  • LKQ European Holdings 250 million senior notes due 2028, also governed by the Indenture, will remain outstanding.
  • Payment of the redemption price for the Notes will be made to the paying agent pursuant to the Indenture.

Cardinal Energy Ltd. Announces Notice of Redemption of 8.00% Convertible Debentures

Retrieved on: 
Friday, February 5, 2021
Finance, Money, Sports, Corporate finance, Debenture, Debt, Redemption value

CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ; CJ.DB.A) is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $28,207,000 8.00% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures").

Key Points: 
  • CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ; CJ.DB.A) is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $28,207,000 8.00% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures").
  • As set out in the notice of redemption, Cardinal will redeem, as of March 11, 2021 ("Redemption Date"), all of the aggregate principal amount of the Debentures for cash.
  • On the Redemption Date, Cardinal will pay the aggregate principal amount of the Debentures (being $1,000 for each Debenture) plus all accrued and unpaid interest thereon to but excluding the Redemption Date (less any tax required to be deducted) (collectively, the "Redemption Price").
  • Holders of the Debentures have the right to convert their Debentures, at their option, into common shares of Cardinal ("Cardinal Shares") at a conversion price of $1.25 per Cardinal Share at any time prior 5:00 p.m. Toronto time on March 10, 2021.

W. R. Berkley Corporation Calls 5.900% Subordinated Debentures Due 2056 for Redemption

Retrieved on: 
Friday, January 29, 2021
Legal, Insurance, Finance, Consulting, Banking, Accounting, Professional services, Small business, Other Professional Services, Finance, Money, Sports, Corporate finance, Debenture, Debt, WRB, Redemption value, Redemption

W. R. Berkley Corporation (NYSE: WRB) (the Company) announced today that it will redeem the $110,000,000 aggregate principal amount of its 5.900% Subordinated Debentures due 2056 (CUSIP No.

Key Points: 
  • W. R. Berkley Corporation (NYSE: WRB) (the Company) announced today that it will redeem the $110,000,000 aggregate principal amount of its 5.900% Subordinated Debentures due 2056 (CUSIP No.
  • 084423 508) (the Debentures).
  • The redemption date will be March 1, 2021, and the redemption price will equal the principal amount plus accrued and unpaid interest to, but excluding, the date of redemption.
  • Details concerning the redemption price and the other terms and conditions of the redemption will be more fully described in a Notice of Redemption being provided to registered holders of the Debentures by The Bank of New York Mellon, as trustee.

Akoustis Issues Redemption Notice on Remaining $15 Million of Company’s Outstanding 6.5% Convertible Senior Secured Notes Due 2023

Retrieved on: 
Tuesday, January 26, 2021
Financial markets, Finance, Financial economics, Corporate finance, Convertible bond, Redemption value, Shealy

The Company will redeem all Notes that continue to be outstanding on March 1, 2021.

Key Points: 
  • The Company will redeem all Notes that continue to be outstanding on March 1, 2021.
  • Jeff Shealy, founder and CEO of Akoustis, stated, I am pleased to report that we will be improving our balance sheet by retiring this convertible debt.
  • Mr. Shealy continued, Retiring these notes will leave Akoustis with no outstanding convertible debt, placing the Company in stronger financial footing as we enter 2021.
  • The redemption will be made solely pursuant to the redemption notice.

Boston Properties Announces Redemption of 4.125% Senior Notes Due 2021

Retrieved on: 
Friday, January 15, 2021
REIT, Finance, Professional services, Commercial Building & Real Estate, Construction & Property, BXP, New York Stock Exchange, Redemption value, Redemption, New York City

Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, issued a notice to redeem in full the $850.0 million in aggregate principal amount of its 4.125% Senior Notes due 2021 (the Notes) at a redemption price equal to par plus accrued and unpaid interest to the redemption date.

Key Points: 
  • Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, issued a notice to redeem in full the $850.0 million in aggregate principal amount of its 4.125% Senior Notes due 2021 (the Notes) at a redemption price equal to par plus accrued and unpaid interest to the redemption date.
  • The Notes will be redeemed in full on February 14, 2021 (the Redemption Date).
  • The aggregate redemption price for the Notes will be approximately $858.7 million, including approximately $8.7 million of accrued and unpaid interest to the Redemption Date.
  • Boston Properties (NYSE:BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets - Boston, Los Angeles, New York, San Francisco and Washington, DC.

RiverNorth Specialty Finance Corporation* Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, January 7, 2021
Consulting, Professional services, Finance, DST Systems, N-Shares, Repurchase agreement, Redemption value, Companies, Economy, Corporate finance, 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 258,135 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 258,135 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on January 6, 2021.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 4,200,443 shares were submitted for redemption and 258,135 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.