Redemption value

BGC Announces Offering Of Senior Notes

Retrieved on: 
Wednesday, July 8, 2020
BGC Partners, Stock market, Security, Repurchase agreement, BGC, Redemption value, Companies

NEW YORK, July 8, 2020 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC" or the "Company") today announced its intention to commence an offering of senior unsecured notes, subject to market conditions and other factors.

Key Points: 
  • NEW YORK, July 8, 2020 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC" or the "Company") today announced its intention to commence an offering of senior unsecured notes, subject to market conditions and other factors.
  • The notes are to be offered and sold in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act").
  • BGC intends to use the net proceeds to repurchase, redeem and/or repay at maturity all $300.0 million outstanding aggregate principal amount of its 5.125% Senior Notes due 2021, including to pay the applicable redemption premium.
  • Except as required by law, BGC undertakes no obligation to update any forward-looking statements.

Digital Realty Announces Redemption of 3.625% Notes Due 2022 and 3.950% Notes Due 2022

Retrieved on: 
Thursday, July 2, 2020
Financial District, San Francisco, Wells Fargo, Redemption value

The redemption date is August 3, 2020, and the applicable redemption price is equal to par plus a make-whole premium, plus accrued and unpaid interest thereon to, but not including, the redemption date, in accordance with the terms of the applicable series of notes.

Key Points: 
  • The redemption date is August 3, 2020, and the applicable redemption price is equal to par plus a make-whole premium, plus accrued and unpaid interest thereon to, but not including, the redemption date, in accordance with the terms of the applicable series of notes.
  • As of the date hereof, there was $300,000,000 aggregate principal amount of the 3.625% notes outstanding and $500,000,000 aggregate principal amount of the 3.950% notes outstanding.
  • Wells Fargo Bank, National Association is the trustee and paying agent for each of the 3.625% notes and the 3.950% notes.
  • Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.

PNC Announces Redemption Of Senior Floating Rate Bank Notes Due June 10, 2021

Retrieved on: 
Friday, May 29, 2020
Financial markets, Finance, Money, PNC Financial Services, CUSIP, Redemption value, Maturity

PITTSBURGH, May 29, 2020 /PRNewswire/ --The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on June 10, 2020 of all of the outstanding Senior Floating Rate Notes due June 10, 2021 issued by PNC Bank, National Association in the amount of $800,000,000 (CUSIP 69353RFN3).

Key Points: 
  • PITTSBURGH, May 29, 2020 /PRNewswire/ --The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on June 10, 2020 of all of the outstanding Senior Floating Rate Notes due June 10, 2021 issued by PNC Bank, National Association in the amount of $800,000,000 (CUSIP 69353RFN3).
  • The securities have an original scheduled maturity date of June 10, 2021.
  • The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid interest to the redemption date of June 10, 2020.
  • Payment of the redemption price will be made through the facilities of The Depository Trust Company.

Verizon to redeem debt securities on June 29, 2020

Retrieved on: 
Friday, May 29, 2020
Communication, Forward-looking statement, Salvation, Redemption value, Redemption, Articles

The 4.60% Notes Redemption Price will be calculated in accordance with the terms of the 4.60% Notes on the third Business Day (as defined in the 4.60% Notes) preceding the Redemption Date.

Key Points: 
  • The 4.60% Notes Redemption Price will be calculated in accordance with the terms of the 4.60% Notes on the third Business Day (as defined in the 4.60% Notes) preceding the Redemption Date.
  • The 3.125% Notes Redemption Price will be calculated in accordance with the terms of the 3.125% Notes on the third Business Day (as defined in the 3.125% Notes) preceding the Redemption Date.
  • These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
  • Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC.

PPHEA Consent Solicitation Successful

Retrieved on: 
Friday, May 22, 2020
Bond, Bond market, Redemption value, Indenture, Security

The effective date of the Second Supplemental Indenture is May 22, 2020.

Key Points: 
  • The effective date of the Second Supplemental Indenture is May 22, 2020.
  • The Issuer has directed BOKF, N.A., as trustee, to conditionally call the Bonds for redemption on June 2, 2020 at a price of 100.00% of premium and accrued interest to the date of redemption.
  • Such redemption is conditional upon the availability of sufficient funds to pay the Redemption Price.
  • This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities.

Constellation Brands Announces Full Redemption of 2.250% Senior Notes Due 2020

Retrieved on: 
Monday, April 27, 2020
Financial markets, Finance, STZ, Money, Constellation Brands, Redemption value, CUSIP, Indenture

VICTOR, N.Y., April 27, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 2.250% Senior Notes due 2020 (CUSIP Number:21036PAV0) (the "notes") to be effected on May27, 2020 (the "redemption date").

Key Points: 
  • VICTOR, N.Y., April 27, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 2.250% Senior Notes due 2020 (CUSIP Number:21036PAV0) (the "notes") to be effected on May27, 2020 (the "redemption date").
  • As of April27, 2020, there were $700.0 million in aggregate principal amount of the notes outstanding.
  • The redemption price for the notes, payable in cash, will be calculated pursuant to the formula set forth in the supplemental indenture relating to the notes, and will include a make-whole premium of approximately $6.0 million.
  • Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy.

Citibank Announces $2.0 Billion Redemption of 2.100% Notes due June 2020

Retrieved on: 
Monday, April 27, 2020
Finance, Consulting, Banking, Professional services, Other Professional Services, Redemption value

is announcing the redemption, in whole, constituting $2,000,000,000 in aggregate principal amount, of its 2.100% Notes due June 2020 (the notes) (ISIN: US17325FAE88).

Key Points: 
  • is announcing the redemption, in whole, constituting $2,000,000,000 in aggregate principal amount, of its 2.100% Notes due June 2020 (the notes) (ISIN: US17325FAE88).
  • The redemption date for the notes is May 12, 2020.
  • The cash redemption price payable for the notes on the redemption date will equal par plus accrued and unpaid interest.
  • Beginning on the redemption date, the notes will no longer be outstanding and interest will no longer accrue on such securities.

RiverNorth Marketplace Lending Corporation Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, April 9, 2020
Professional services, Finance, DST Systems, Repurchase agreement, Financial market, N-Shares, Redemption value, Companies, Economy, Corporate finance

RiverNorth Marketplace Lending Corporation (the Fund) (NYSE: RSF) announced the final results of its repurchase offer for up to 5%, or 306,639 of its outstanding common shares.

Key Points: 
  • RiverNorth Marketplace Lending Corporation (the Fund) (NYSE: RSF) announced the final results of its repurchase offer for up to 5%, or 306,639 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on April 8, 2020.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 4,875,396 shares were submitted for redemption and 306,639 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.

Citibank Announces $1.0 Billion Redemption of Floating Rate Notes Due March 2021

Retrieved on: 
Thursday, February 27, 2020
Banking, Professional services, Finance, Redemption value

is announcing the redemption, in whole, constituting $1,000,000,000 in aggregate principal amount, of its Floating Rate Notes due March 2021 (the notes) (ISIN: US17325FAW86).

Key Points: 
  • is announcing the redemption, in whole, constituting $1,000,000,000 in aggregate principal amount, of its Floating Rate Notes due March 2021 (the notes) (ISIN: US17325FAW86).
  • The redemption date for the notes is March 13, 2020.
  • The cash redemption price payable for the notes on the redemption date will equal par plus accrued and unpaid interest.
  • Beginning on the redemption date, the notes will no longer be outstanding and interest will no longer accrue on such securities.

MVC Capital To Partially Redeem 6.25% Senior Notes Due 2022

Retrieved on: 
Tuesday, February 25, 2020
Finance, Economy, Investment, Contract law, Business Development Company, Private equity, Venture capital, New York Stock Exchange, Redemption value, Indenture

PURCHASE, N.Y., Feb. 25, 2020 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE: MVC) (the Company), a publicly traded business development company (BDC) that makes private debt and equity investments has announced that it will partially redeem its 6.25% Senior Notes due 2022 (NYSE: MVCD) (the Notes).

Key Points: 
  • PURCHASE, N.Y., Feb. 25, 2020 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE: MVC) (the Company), a publicly traded business development company (BDC) that makes private debt and equity investments has announced that it will partially redeem its 6.25% Senior Notes due 2022 (NYSE: MVCD) (the Notes).
  • The Company will redeem $20.0 million principal amount, of the $115 million issued and outstanding Notes on March 26, 2020 (the Redemption Date) in accordance with the optional redemption provisions provided in the indenture governing the Notes.
  • The redemption price per Note will be $25, plus accrued and unpaid interest through, but excluding, the Redemption Date.
  • Beneficial holders of the Notes with any questions should contact the brokerage firm or financial institution through which they hold the Notes.