Settlement date

Sabre Corporation Announces Settlement of the Exchange Offers for Certain Senior Secured Debt Securities Due 2025 and Issuance of New Notes Due 2027

Retrieved on: 
Thursday, September 7, 2023
Wardwell, Note, Senior, Initial exchange offering, Settlement date, SEC Rule 144A, Expiration date, BofA Securities, Exchange, Latham & Watkins, Person, Expiration, Sabre Corporation, SABR, CFO, Security (finance), News & Notes, Sabre

SOUTHLAKE, Texas, Sept. 7, 2023 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) today announced the settlement of the previously announced exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") by Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, for any and all of its outstanding 7.375% Senior Secured Notes due 2025 (the "September 2025 Notes") and 9.250% Senior Secured Notes due 2025 (the "April 2025 Notes" and, together with the September 2025 Notes, the "Existing Notes" and each of them a "series" of Existing Notes), and the issuance of Sabre GLBL's new 8.625% Senior Secured Notes due 2027 (the "New Notes" and together with the Existing Notes, the "Securities").

Key Points: 
  • SOUTHLAKE, Texas, Sept. 7, 2023 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) today announced the settlement of the previously announced exchange offers (each, an "Exchange Offer" and together, the "Exchange Offers") by Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, for any and all of its outstanding 7.375% Senior Secured Notes due 2025 (the "September 2025 Notes") and 9.250% Senior Secured Notes due 2025 (the "April 2025 Notes" and, together with the September 2025 Notes, the "Existing Notes" and each of them a "series" of Existing Notes), and the issuance of Sabre GLBL's new 8.625% Senior Secured Notes due 2027 (the "New Notes" and together with the Existing Notes, the "Securities").
  • The Exchange Offers expired at 5:00 p.m., New York City time, on September 5, 2023 (the "Expiration Date").
  • In total, approximately $787 million and $66 million of September 2025 Notes and April 2025 Notes, respectively, were exchanged by Sabre GLBL on September 7, 2023 (the "Settlement Date").
  • On the Settlement Date, Sabre GLBL issued approximately $853 million in New Notes and paid approximately $115 million in cash to Eligible Holders (as defined below) whose Existing Notes were accepted for exchange in the Exchange Offers.

Freddie Mac Announces Tender Offer for Any and All of Certain STACR Notes

Retrieved on: 
Wednesday, September 6, 2023
Note, FMCC, Settlement date, Trust, OTCQB, BofA Securities, Freddie Mac, Wells Fargo, Security (finance)

MCLEAN, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Wednesday, September 6, 2023.

Key Points: 
  • MCLEAN, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Notes listed in the table below (the “Notes”) beginning Wednesday, September 6, 2023.
  • Certain of the classes of Notes subject to the Offer were issued by the STACR Trust identified in the table below (each, a “Trust”).
  • Freddie Mac is the holder of the owner certificate issued by each Trust and, as a result, the sole beneficial owner of each Trust.
  • Freddie Mac is offering to purchase any and all of the Notes listed.

Wynn Resorts Announces Early Results and Upsizing of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025

Retrieved on: 
Wednesday, August 23, 2023
Commercial Building & Real Estate, Construction & Property, Entertainment, REIT, Building Systems, General Entertainment, Lodging, Destinations, Travel, Attention, Note, Tender offer, Settlement date, Person, Telephone, Wall Street, Sale, Date, Mini-tender offer, Wainwright Securities Inc. v. Wall Street Transcript Corp., Cryptocurrency

Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on August 23, 2023.

Key Points: 
  • Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on August 23, 2023.
  • All Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase will be purchased by Wynn Las Vegas, LLC on the “Early Settlement Date,” which is currently expected to occur on August 24, 2023.
  • Payment for the Notes that are purchased will include accrued and unpaid interest from the last interest payment date to, but excluding, the Early Settlement Date.
  • Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. are the dealer managers for the Tender Offer.

Sabre Corporation Announces Early Participation Results of the Exchange Offers for Certain Senior Secured Debt Securities

Retrieved on: 
Monday, August 21, 2023
Computershare, Note, Initial exchange offering, Settlement date, SEC Rule 144A, Expiration date, Exchange, Eligibility, Person, Expiration, Sabre Corporation, Offering circular, Exchange offer, Regulation, Security (finance), Life insurance, News & Notes, Sabre

Any waiver of a condition by Sabre GLBL will not constitute a waiver of any other condition.

Key Points: 
  • Any waiver of a condition by Sabre GLBL will not constitute a waiver of any other condition.
  • Sabre GLBL reserves the right to extend, amend or terminate any Exchange Offer for any reason or for no reason.
  • Sabre GLBL will not receive any cash proceeds from the Exchange Offers and will not incur additional indebtedness in excess of the aggregate principal amount of Existing Notes that are exchanged in the Exchange Offers.
  • Only Eligible Holders are authorized to receive or review the Offering Circular or to participate in the Exchange Offers.

Fluor Corporation Announces Expiration of Cash Tender Offer for Its 3.500% Senior Notes Due 2024

Retrieved on: 
Monday, August 14, 2023
Engineering, Architecture, Other Construction & Property, Manufacturing, Construction & Property, Building Systems, Note, Interest, Settlement date, Expiration date, BofA Securities, Holder in due course, Sale, BNP Paribas, Expiration, Tender, Consideration, Wells Fargo, News, Personal Information Agent, Security (finance)

Holders of 2024 Notes must validly tender and not validly withdraw their 2024 Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, prior to the Expiration Date in order to be eligible to receive $975.03 in cash for each $1,000 principal amount of the 2024 Notes on the Settlement Date (the “Consideration”).

Key Points: 
  • Holders of 2024 Notes must validly tender and not validly withdraw their 2024 Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, prior to the Expiration Date in order to be eligible to receive $975.03 in cash for each $1,000 principal amount of the 2024 Notes on the Settlement Date (the “Consideration”).
  • Interest will cease to accrue on the Settlement Date for all accepted 2024 Notes, including those tendered through the Guaranteed Delivery Procedures.
  • Holders must make their own decision as to whether to tender their 2024 Notes and, if so, the principal amount of the 2024 Notes to tender.
  • Holders of the 2024 Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Offer.

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.

Sabre Corporation Announces Exchange Offers by Sabre GLBL Inc. for Certain Senior Secured Debt Securities

Retrieved on: 
Monday, August 7, 2023
Computershare, Note, Exchange offer, Settlement date, SEC Rule 144A, Expiration date, Exchange, Eligibility, Person, Expiration, Sabre Corporation, Offering circular, Foreign exchange date conventions, Regulation, Security (finance), Life insurance, News & Notes, Sabre

The New Notes and the guarantees thereof will be senior secured indebtedness and will rank equal in right of payment with all of the existing and future senior secured indebtedness of Sabre GLBL and the guarantors.

Key Points: 
  • The New Notes and the guarantees thereof will be senior secured indebtedness and will rank equal in right of payment with all of the existing and future senior secured indebtedness of Sabre GLBL and the guarantors.
  • The New Notes will initially be jointly and severally, irrevocably and unconditionally guaranteed by Sabre Holdings Corporation ("Sabre Holdings") and all of Sabre GLBL's current and future restricted subsidiaries that are borrowers under or guarantee Sabre GLBL's senior secured credit facilities under certain of its existing credit agreements or certain other secured indebtedness.
  • Sabre GLBL reserves the right to extend, amend or terminate any Exchange Offer for any reason or for no reason.
  • Sabre GLBL will not receive any cash proceeds from the Exchange Offers and will not incur additional indebtedness in excess of the aggregate principal amount of Existing Notes that are exchanged in the Exchange Offers.

Carvana Co. Launches Private Exchange Offers, Cash Tender Offer and Consent Solicitations Relating to Existing Notes

Retrieved on: 
Wednesday, August 2, 2023
Online Retail, Retail, Automotive, General Automotive, Technology, Electronic Commerce, Internet, Note, Consent, Exchange offer, Settlement date, SEC Rule 144A, Exchange, Person, Sale, Regulation, Carvana, CUSIP, Collateral, Offers, Solicitation, Security (finance)

Eligible Holders who tender their 2025 Notes in the Cash Tender Offer will receive the Cash Tender Offer Consideration.

Key Points: 
  • Eligible Holders who tender their 2025 Notes in the Cash Tender Offer will receive the Cash Tender Offer Consideration.
  • For each $1,000 principal amount of 2025 Notes validly tendered for cash purchase in the Cash Tender Offer prior to the Expiration Time, Eligible Holders will be eligible to receive $850.00 of cash.
  • Full details of the terms and conditions of the Offers and Consent Solicitations are described in the Exchange Offer Memorandum.
  • Eligible Holders of the Existing Notes are encouraged to read the Exchange Offer Memorandum, as it contains important information regarding the Offers and Consent Solicitations.

Verizon announces tender offers for 14 series of debt securities

Retrieved on: 
Tuesday, July 25, 2023
Communication, Rate, Participation, Treasury, Goldman Sachs, European Economic Area, DTC, EEA, Acceptance, Financial Services and Markets Act 2000, FSMA, Morgan Stanley, Expiration, Security (finance), Personal Information Agent, FICC, Qualifying investor alternative investment fund, Settlement date, J.P. Morgan & Co., Finance, Information, Floating rate note, Holder, Offers, Priority, Note, Financial services, SMBC Nikko Securities, Eric Holder, Gross metropolitan product, Person, Date, Settlement, Bloomberg, Life insurance, EU, Verizon Communications, Regulation

The total consideration for each $1,000 principal amount of each series of Securities validly tendered at or prior to the applicable Early Participation Date is referred to as the “Total Consideration” for such series.

Key Points: 
  • The total consideration for each $1,000 principal amount of each series of Securities validly tendered at or prior to the applicable Early Participation Date is referred to as the “Total Consideration” for such series.
  • Holders who validly tender Securities of a series after the applicable Early Participation Date, but at or prior to the applicable Expiration Date, will receive the tender consideration for any such series accepted by Verizon, which is equal to the Total Consideration minus the applicable Early Participation Payment (with respect to such series, the “Tender Consideration”).
  • The Total Consideration or Tender Consideration, as applicable, payable by Verizon for each $1,000 principal amount of each series of Securities validly tendered, and not validly withdrawn, and accepted by Verizon will be paid in cash on the relevant Settlement Date.
  • Any tender of Securities for purchase pursuant to the Offers from a Holder that is unable to make these representations will not be accepted.

PIEDMONT OFFICE REALTY TRUST ANNOUNCES RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 4.450% SENIOR NOTES DUE 2024

Retrieved on: 
Tuesday, July 25, 2023
Partnership, Dealer, Settlement date, Security (finance)

(1)        Amounts exclude the aggregate principal amount of the notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Key Points: 
  • (1)        Amounts exclude the aggregate principal amount of the notes tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • The Operating Partnership has accepted for purchase all notes validly tendered and not validly withdrawn at or prior to the Expiration Time.
  • The Operating Partnership also expects to accept for purchase notes validly tendered and delivered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • The tender offer is being made only by, and pursuant to the terms of, the Offer to Purchase and the related Notice of Guaranteed Delivery.