TD Securities

Celanese Announces Cash Tender Offer For Up To $1.75 Billion Aggregate Purchase Price Of Celanese US Holdings LLC’s Debt Securities

Retrieved on: 
Thursday, August 10, 2023
Chemicals, Plastics, Manufacturing, Late, TD, Tender offer, Settlement date, Person, TD Securities, Personal Information Agent, Expiration date, BofA Securities, J.P. Morgan & Co., Trustee, Treasury, Date, Tender, Expiration, Settlement, Mini-tender offer, Letter, News, Withdrawal, Priority, Security (finance), Life insurance, Cryptocurrency, Note, Series, Celanese

The terms and conditions of the Tender Offer are described in an Offer to Purchase dated August 10, 2023 (as it may be amended or supplemented, the “Offer to Purchase”).

Key Points: 
  • The terms and conditions of the Tender Offer are described in an Offer to Purchase dated August 10, 2023 (as it may be amended or supplemented, the “Offer to Purchase”).
  • Holders of Notes subject to the Tender Offer who validly tender their Notes after the Early Tender Deadline and before the Expiration Date and whose Notes are accepted for purchase will receive the applicable Late Tender Offer Consideration.
  • BofA Securities, Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the Lead Dealer Managers for the Tender Offer.
  • The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase dated August 10, 2023.

Tillman FiberCo and Northleaf Announce Strategic Partnership with a $200M Initial Investment

Retrieved on: 
Thursday, August 10, 2023
Partnership, TD, Telecommunications, Internet, TD Securities, Kirkland & Ellis, Oliver Cromwell, Sullivan & Cromwell, Growth, Tillman, Public utility

NEW YORK and TORONTO, Aug. 10, 2023 /PRNewswire/ -- Tillman FiberCo, LLC ("Tillman FiberCo"), a leading developer and owner of symmetrical gigabit broadband, and Northleaf Capital Partners ("Northleaf"), a leading global private markets investment firm, today announced a strategic partnership. Funds managed by Northleaf have made an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations. This investment enables Tillman FiberCo to accelerate its open access network with future-forward technologies, systems, and a next-generation network architecture that will deliver essential internet access to both residential and business customers, offering industry-leading symmetrical gigabit broadband internet access service speeds, underpinned by a long-term contract.

Key Points: 
  • Funding will accelerate expansion of fiber-to-the-home in underserved neighborhoods across the U.S.
    NEW YORK and TORONTO, Aug. 10, 2023 /PRNewswire/ -- Tillman FiberCo, LLC ("Tillman FiberCo"), a leading developer and owner of symmetrical gigabit broadband, and Northleaf Capital Partners ("Northleaf"), a leading global private markets investment firm, today announced a strategic partnership.
  • Funds managed by Northleaf have made an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations.
  • "Tillman FiberCo is building a best-in-class fiber network to support underserved neighborhoods across the U.S.," said Sachit Ahuja, President of Tillman Global Holdings.
  • TAP Advisors served as financial advisor and Sullivan & Cromwell acted as legal counsel to Tillman FiberCo.

Guggenheim Securities Hires Tim Murphy and Alex Kozak to Expand Telecom & Digital Infrastructure Investment Banking Practice

Retrieved on: 
Thursday, August 3, 2023
Telecom, Investment banking, Senior, TD, TD Securities, Guggenheim Partners, FTTH, Ecosystem, Investment, Cornell University, Economics, Bank Street, Cryptocurrency, Boston College

NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Tim Murphy and Alex Kozak will join the firm as a Senior Managing Director, and Managing Director, respectively, in its Telecom & Digital Infrastructure Investment Banking practice and will focus on advising companies in the bandwidth infrastructure sectors.

Key Points: 
  • NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Tim Murphy and Alex Kozak will join the firm as a Senior Managing Director, and Managing Director, respectively, in its Telecom & Digital Infrastructure Investment Banking practice and will focus on advising companies in the bandwidth infrastructure sectors.
  • Messrs. Murphy and Kozak will be based in the firm’s New York office and start in September.
  • Mr. Kozak joins the firm after almost a decade in investment banking, having executed more than 30 transactions across a variety of product areas as a member of the Investment Banking team at Bank Street and both the Investment Banking and Leveraged Finance teams at TD Securities.
  • “We are excited to welcome Tim and Alex to Guggenheim, as we continue to build a market leading telecom and digital infrastructure practice,” said Mark Van Lith, CEO of Guggenheim Securities.

Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion

Retrieved on: 
Tuesday, August 1, 2023
European-American Business Organization, Minority, LLP, BMO Capital Markets, Less, Financial Competitive Act of 2013, Mizuho Securities USA, Competition Act, Toronto Stock Exchange, Model Business Corporation Act, WEF, TD Securities, Committee, Stikeman Elliott, Arrangement, Person, RBC Capital Markets, Blake, Cassels & Graydon, PIN, Transaction, Growth, Court of King's Bench of Alberta, Report of the Special Committee on the Termination of the National Emergency, Transport, Athabasca, Proxy, Scotiabank, Oil, Audit, Security (finance), Online shopping, Pipestone

Opportunity to Grow Business Organically to >325,000 boe / d:

Key Points: 
  • Opportunity to Grow Business Organically to >325,000 boe / d:
    Staged approach to growth, taking advantage of the most capital-efficient projects first:
    3.
  • Strathcona and Pipestone have entered into the Arrangement Agreement to effect the Transaction through a plan of arrangement under the Business Corporations Act (Alberta).
  • This link will provide each registrant with a toll-free dial-in number and a unique PIN to connect to the call.
  • CIBC Capital Markets, Scotiabank and Mizuho Securities USA are acting as financial advisors to Strathcona in connection with the Transaction.

Brookfield Infrastructure to Issue $700 Million of Medium-Term Notes

Retrieved on: 
Tuesday, July 25, 2023
BMO Capital Markets, Maintenance, Note, Partnership, NOT, FOR, TD, TD Securities, Brookfield Infrastructure Partners, National bank, Person, Sale, BIP, RBC Capital Markets, Public expenditure, Brookfield (corporation), Series, NEWS, TSX, Scotiabank, Bermuda, News, NYSE, Security (finance), Asset management

BROOKFIELD, NEWS, July 25, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that it has agreed to sell $700 million aggregate principal amount of medium-term notes (the “Notes”), comprised of $500 million aggregate principal amount of Series 13 Notes, due July 27, 2030, which will bear interest at a rate of 5.710% per annum, payable semi-annually and $200 million aggregate principal amount of Series 14 Notes, due July 27, 2053, which will bear interest at a rate of 5.950% per annum, payable semi-annually. A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the Notes. The Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.

Key Points: 
  • A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the Notes.
  • The Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.
  • Brookfield Infrastructure intends to use the net proceeds from the sale of the Notes to refinance existing indebtedness.
  • Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$825 billion of assets under management.

Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering

Retrieved on: 
Tuesday, July 18, 2023
Morgan Stanley, Attention, Partnership, Ramirez, Telephone, TD Securities, BofA Securities, Sale, PDM, Public expenditure, Suite, 3rd Floor, Prospectus, Vanderbilt Avenue, Wells Fargo, Madison Avenue, Security (finance), Hand, Avenue, NYSE, Scotiabank, J. P. Morgan, U.S. Bancorp

Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2028 at 99.000% of the principal amount.

Key Points: 
  • Atlanta, July 18, 2023 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (the “Company” or “Piedmont”) (NYSE:PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP (the “Operating Partnership”), has priced an offering of $400 million aggregate principal amount of 9.250% senior unsecured notes due 2028 at 99.000% of the principal amount.
  • The offering is expected to close on July 20, 2023, subject to the satisfaction of customary closing conditions.
  • Piedmont intends to use the net proceeds from the offering, together with cash on hand, if necessary, to fund the purchase of all of its outstanding 4.45% senior notes due 2024 that are validly tendered and accepted for purchase in the tender offer commenced substantially concurrently with the offering.
  • The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company.

OMERS Infrastructure Announces Strategic Investment in Beanfield Metroconnect

Retrieved on: 
Tuesday, July 18, 2023
Partnership, Davies Ward Phillips & Vineberg, Senior, TD, TD Securities, DigitalBridge, OMERS, Growth, McCarthy, Asset management, Cryptocurrency, Battle of the Beanfield

TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- OMERS Infrastructure has announced that OMERS has agreed to provide a significant capital commitment to Beanfield Technologies Inc. (‘Beanfield’).

Key Points: 
  • TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- OMERS Infrastructure has announced that OMERS has agreed to provide a significant capital commitment to Beanfield Technologies Inc. (‘Beanfield’).
  • DigitalBridge, an initial investor in Beanfield in 2019, will continue to hold the majority stake in the company and this investment marks an inaugural partnership between OMERS and DigitalBridge.
  • Peter Gray and Jenine Krause, both Managing Directors at OMERS Infrastructure, will be joining Beanfield’s Board of Directors.
  • This collaboration underscored our dedication to investing in infrastructure projects that will shape the future of connectivity in Canada.”
    Dan Armstrong, CEO, Beanfield Metroconnect, added: “We welcome OMERS to Beanfield, their investment is a validation of our strategy.

CHIP Mortgage Trust Issues $175 million of Medium Term Notes

Retrieved on: 
Friday, July 14, 2023
BMO Capital Markets, Note, HomeEquity Bank, TD, TD Securities, Trust, CMT, CIBC World Markets, Sale, RBC Capital Markets, AAA, CIBC, Scotiabank, Bank

TORONTO, July 14, 2023 /CNW/ - CHIP Mortgage Trust ("CMT" or the "Trust") today announced that it has concluded the sale of $175 million of senior medium term notes (the "Notes").

Key Points: 
  • TORONTO, July 14, 2023 /CNW/ - CHIP Mortgage Trust ("CMT" or the "Trust") today announced that it has concluded the sale of $175 million of senior medium term notes (the "Notes").
  • The Notes have a coupon of 6.069%, are rated AAA (sf) by DBRS Limited and have an expected final payment date of November 14, 2028.
  • "We have closed another very successful issue of Notes by CMT," said Atul Chandra, Executive Vice President and Chief Financial Officer, HomeEquity Bank.
  • Medium term notes are, and will continue to be, a key source of funding for our rapidly growing reverse mortgage business."

RioCan Real Estate Investment Trust completes offering of $300 million Series AH senior unsecured debentures

Retrieved on: 
Monday, June 26, 2023
BMO Capital Markets, NOT, FOR, RioCan Real Estate Investment Trust, TD, TD Securities, Trust, Sale, RBC Capital Markets, BBB, TSX, Debenture, Security (finance), Series

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has closed its previously announced offering of the $300 million principal amount of Series AH senior unsecured debentures (the “Debentures”).

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has closed its previously announced offering of the $300 million principal amount of Series AH senior unsecured debentures (the “Debentures”).
  • The net proceeds of this offering will be used by the Trust to repay the amounts owing under certain credit facilities incurred in the ordinary course.
  • The Debentures have been issued pursuant to RioCan’s trust indenture dated March 8, 2005, as supplemented.
  • The Debentures rank equally with all other senior unsecured indebtedness of the Trust.

RioCan Real Estate Investment Trust announces offering of $300 million, Series AH senior unsecured debentures with a coupon of 5.962% and an all-in interest rate of 5.284% after including the benefit of bond forward hedges

Retrieved on: 
Thursday, June 22, 2023
BMO Capital Markets, S&P Global, NOT, FOR, RioCan Real Estate Investment Trust, TD, TD Securities, Trust, Sale, RBC Capital Markets, Scotiabank, BBB, TSX, Debenture, Security (finance)

TORONTO, June 21, 2023 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $300 million principal amount of Series AH senior unsecured debentures (the “Debentures”).

Key Points: 
  • The Debentures will be sold at a price of $99.966 per $100 principal amount, carry a coupon of 5.962% per annum and mature on October 1, 2029.
  • Inclusive of the benefit of bond forward hedges, the Trust’s all-in rate is 5.284% per annum.
  • The net proceeds of this offering will be used by the Trust to repay amounts owing under certain credit facilities incurred in the ordinary course.
  • The Debentures will rank equally with all other senior unsecured indebtedness of the Trust.