Yield to maturity

CoreCivic Announces Upsizing and Pricing of $450 Million 8.25% Senior Notes Due 2026

Retrieved on: 
Wednesday, April 7, 2021
Finance, Actuarial science, Underwriting, Bloomberg Barclays US Aggregate Bond Index, Yield to maturity, Money

The aggregate principal amount of the Notes to be issued in the offering was increased to $450 million from the previously announced $400 million.

Key Points: 
  • The aggregate principal amount of the Notes to be issued in the offering was increased to $450 million from the previously announced $400 million.
  • The Notes were priced at 99.0% of face value and thus will have an effective yield to maturity of 8.50%.
  • The aggregate net proceeds from the sale of the Notes are expected to be approximately $435.1 million, after deducting the underwriting discounts and estimated offering expenses.
  • There can be no assurance that the offering of the Notes, the redemption of the 2022 Senior Notes, or any other debt reduction will be consummated.

The New Home Company Inc. Announces Pricing of Offering of 7.25% Senior Notes Due 2025

Retrieved on: 
Wednesday, October 14, 2020
Residential Building & Real Estate, Construction & Property, REIT, Bond valuation, Fixed income analysis, Yield to maturity

The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it has priced a private offering of $250.0 million in aggregate principal amount of 7.25% senior notes due 2025 (the 2025 notes).

Key Points: 
  • The New Home Company Inc. (NYSE: NWHM) (the Company) today announced that it has priced a private offering of $250.0 million in aggregate principal amount of 7.25% senior notes due 2025 (the 2025 notes).
  • The 2025 notes will be issued at an offering price of 100% of their face amount, which represents a yield to maturity of 7.25%.
  • The Company expects to close this offering on October 28, 2020, subject to the satisfaction of customary closing conditions.
  • The Company intends to use the net proceeds from this offering, together with cash on hand, to fund the redemption of all of the Companys outstanding 7.25% senior unsecured notes due 2022 and pay related fees and expenses.

CubeSmart Announces Pricing of 2.000% Senior Unsecured Notes Due 2031

Retrieved on: 
Tuesday, September 29, 2020
Finance, Money, Financial markets, Debt, Bond market, Contract law, Indenture, New York Stock Exchange, Senior debt, Ion Media, Yield to maturity

MALVERN, Pa., Sept. 29, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the Operating Partnership), priced an offering of $450.0 million aggregate principal amount of 2.000% senior unsecured notes due 2031 (the Notes) in an underwritten public offering.

Key Points: 
  • MALVERN, Pa., Sept. 29, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the Operating Partnership), priced an offering of $450.0 million aggregate principal amount of 2.000% senior unsecured notes due 2031 (the Notes) in an underwritten public offering.
  • The Notes were priced at 99.074% of the principal amount with a yield to maturity of 2.100%.
  • The Notes will be fully and unconditionally guaranteed by CubeSmart.
  • This press release does not constitute a notice of redemption under the indenture governing such 4.800% Senior Notes due 2022.

CubeSmart Announces Pricing of 3.000% Senior Unsecured Notes Due 2030

Retrieved on: 
Tuesday, October 8, 2019
Fixed income analysis, Finance, Financial markets, New York Stock Exchange, Yield to maturity, Yield

MALVERN, Pa., Oct. 08, 2019 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the Operating Partnership), priced an offering of $350.0 million aggregate principal amount of 3.000% senior unsecured notes due 2030 (the Notes) in an underwritten public offering.

Key Points: 
  • MALVERN, Pa., Oct. 08, 2019 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the Operating Partnership), priced an offering of $350.0 million aggregate principal amount of 3.000% senior unsecured notes due 2030 (the Notes) in an underwritten public offering.
  • The Notes were priced at 99.623% of the principal amount with a yield to maturity of 3.043%.
  • The Notes will be fully and unconditionally guaranteed by CubeSmart.
  • The offering is expected to close on October 11, 2019, subject to the satisfaction of customary closing conditions.