Holder in due course

Paramount Global Announces the Pricing Terms of its Any and All Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Thursday, November 9, 2023
Wells Fargo, Telephone, LM, Debt-to-GDP ratio, SMBC Nikko Securities, Trustee, RBC Capital Markets, Accrued interest, All, Asset, Holder in due course, Interest, Tender, Life insurance, Paramount

RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC are acting as the dealer managers for the Any and All Offers (together, the "Dealer Managers").

Key Points: 
  • RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC are acting as the dealer managers for the Any and All Offers (together, the "Dealer Managers").
  • The information agent and tender agent for the Any and All Offers is Global Bondholder Services Corporation (the "Tender Agent").
  • Copies of the Offer to Purchase and the Notice of Guaranteed Delivery may be accessed at the following link: https://www.gbsc-usa.com/paramount .
  • The solicitation of offers to sell the Any and All Securities is only being made pursuant to the terms of the Offer to Purchase.

Trulieve Announces Notice of Redemption for All US$130 Million of its 9.75% Senior Secured Notes due 2024

Retrieved on: 
Wednesday, November 8, 2023
Odyssey, Canadian Securities Exchange, Holder in due course, Note, CSE, OTCQX, CUSIP, Bank

As set forth in the notice of redemption, the redemption date will be December 1, 2023 ("the Redemption Date"), and the redemption price is 100% of the principal redeemed, plus accrued and unpaid interest up to, but excluding, the Redemption Date.

Key Points: 
  • As set forth in the notice of redemption, the redemption date will be December 1, 2023 ("the Redemption Date"), and the redemption price is 100% of the principal redeemed, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
  • This press release does not constitute a notice of redemption of the Notes.
  • The redemption of the Notes will be made solely pursuant to the redemption notice.
  • Holders should refer to the notice redemption delivered to the Holders, and this press release is qualified in its entirety by such notice.

Pineapple Energy Announces Payment to CVR Holders of $1.25 per CVR

Retrieved on: 
Monday, September 18, 2023
CVR, Holder in due course, CSI, Contingent value rights, Security (finance)

Each CVR represents the right to receive a pro rata portion of proceeds available from the disposition of CSI’s premerger assets during the 24-month period following the effective time of the merger.

Key Points: 
  • Each CVR represents the right to receive a pro rata portion of proceeds available from the disposition of CSI’s premerger assets during the 24-month period following the effective time of the merger.
  • Today Pineapple announced it will make a further payment of proceeds from CSI’s premerger assets of $1.25 per CVR.
  • This payment of $1.25 per CVR is not a taxable event.
  • We expect that the $1.25 per CVR payment to the CVR Holders will commence by September 29, 2023.

EQS-News: Luminis Finance Public Limited Company : NOTICE OF AMENDMENT

Retrieved on: 
Wednesday, September 6, 2023
Transfer, Effective date, Dealer, Purchase and sale agreement, SACHS, Rights, Stock, Principal, Trust instrument, Consent, Conduct, Meeting, The Santa Clause 3: The Escape Clause, AAX (Atom Asset Exchange), Sale, Business, Trust, Registrar, Party, IRS tax forms, Form, Swap, BNY, Restatements of the Law, Polaris, Holder in due course, Vertigo, Clause, Initial, Forward contract, Series, Deed, Employment Relations Act 1999, Veni, vidi, vici, Security (finance), Rare-earth element, Property management, Lease, Life insurance, Vendor, Clearstream, Custodian, Amendment, Trustee, Molesworth Street, Amend, Note, Euroclear, Issuer

The amended terms of the Notes are as set out in Schedule C (Amended and Restated Pricing Supplement) to this Deed.

Key Points: 
  • The amended terms of the Notes are as set out in Schedule C (Amended and Restated Pricing Supplement) to this Deed.
  • In addition, the provisions of the General Definitions relating to construction of certain references shall apply to this Deed as if set out herein.
  • “Holder Notification” means a notice notifying the Holders of the Asset Exchange and Amendments, substantially in the form set out in Schedule B (Form of Holder Notification).
  • “Initial Charged Asset 2” has the meaning given to it in the Amended and Restated Pricing Supplement.

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.

Warrior Met Coal Announces Launch of Concurrent Tender Offers For its 7.875% Senior Secured Notes Due 2028

Retrieved on: 
Wednesday, August 9, 2023
Mining, Minerals, Manufacturing, Coal, Energy, Natural Resources, Steel, Repurchase agreement, Tender offer, Expiration date, RP, Sale, Capital allocation line, Goldman Sachs, Expiration, Tender, Policy, Payment, Personal Information Agent, Security (finance), Cryptocurrency, Note, Holder in due course, Restricted, Indenture

If the aggregate principal amount of Notes tendered in the Restricted Payment Offer is less than $302,618,000, then the Company will repurchase less than $150,000,000 aggregate principal amount of Notes in the Restricted Payment Offer.

Key Points: 
  • If the aggregate principal amount of Notes tendered in the Restricted Payment Offer is less than $302,618,000, then the Company will repurchase less than $150,000,000 aggregate principal amount of Notes in the Restricted Payment Offer.
  • The Restricted Payment Offer is not conditioned upon the Tender Offer and the Tender Offer is not conditioned on the Restricted Payment Offer.
  • The Restricted Payment Offer is being made only by means of the Restricted Payment Notice and Offer to Purchase (the “Restricted Payment Offer Document”), which contains the complete terms and conditions of the Restricted Payment Offer.
  • Holders should carefully read the Restricted Payment Offer Document before any decision is made with respect to the Restricted Payment Offer.

WILDBRAIN SETTLES OUTSTANDING OBLIGATIONS UNDER EXCHANGEABLE DEBENTURES

Retrieved on: 
Monday, June 26, 2023
WildBrain, Exercise, Finance Secretary (India), TSX, Share, VWAP, Holder in due course, Security (finance), Issuer, Debenture

TORONTO, June 26, 2023 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announced today that Wildbrain Holdings LLC (the "Issuer"), a wholly-owned subsidiary of the Company, has satisfied in full all of its obligations to repay the US$18.5 million principal amount in outstanding exchangeable secured debentures issued by the Issuer (the "Debentures").

Key Points: 
  • TORONTO, June 26, 2023 /PRNewswire/ - WildBrain Ltd. ("WildBrain" or the "Company") (TSX: WILD), a global leader in kids' and family entertainment, announced today that Wildbrain Holdings LLC (the "Issuer"), a wholly-owned subsidiary of the Company, has satisfied in full all of its obligations to repay the US$18.5 million principal amount in outstanding exchangeable secured debentures issued by the Issuer (the "Debentures").
  • The settlement occurred effective as of June 24, 2023, the maturity date of the Debentures (the "Maturity Date").
  • As a result, the Share Repayment Right applied only to accrued and unpaid interest on the Debentures of approximately US$3.8 million.
  • WildBrain issued a total of 19,977,227 variable voting shares to the Holders in satisfaction of all of the Company's obligations under the Debentures.

2023 put option event notice

Retrieved on: 
Wednesday, April 5, 2023
Federal Law on Protection of Personal Data Held by Individuals, Tax, Qi, Depository Trust Company, Direct participation program, Acquisition, Put option, European, VEON, Amendment, DTC, Repurchase agreement, USD, Nisio Isin, Legislation, Condition, Settlement date, Record, Holder, Advertising, Depository Trust & Clearing Corporation, Common coding theory, Securities market, Holder in due course, Person, Sale, Prospectus, Settlement, Nature, Series, ISIN, United Kingdom, System, Book, Element, Security (finance), Cryptocurrency, EU, Sanction, Note, Euroclear, Issuer

In accordance with Condition 6(e)(ii) and Condition 6(e)(2) (2023 Put Option) of each respective Series of Notes, the Issuer hereby gives notice to the holders of the Notes (each a “Holder” and together the “Holders”) that the Amendment Effective Date occurred on 4 April 2023 and, accordingly, the 2023 Put Option Period shall commence today, 5 April 2023, and expire at 5:00 p.m. (New York time) on 19 April 2023.

Key Points: 
  • In accordance with Condition 6(e)(ii) and Condition 6(e)(2) (2023 Put Option) of each respective Series of Notes, the Issuer hereby gives notice to the holders of the Notes (each a “Holder” and together the “Holders”) that the Amendment Effective Date occurred on 4 April 2023 and, accordingly, the 2023 Put Option Period shall commence today, 5 April 2023, and expire at 5:00 p.m. (New York time) on 19 April 2023.
  • For the avoidance of doubt, the 2023 Put Option Election Notice defined in this notice is the 2023 Put Option Election Notice referred to in the Conditions and Holders do not need to obtain any form of notice from the Settlement Agent, provided that Holders follow the procedures outlined below.
  • Holders that require assistance with respect to the procedures for participating in the 2023 Put Option should contact the Settlement Agent, the contact details for whom are set out on the last page of this 2023 Put Option Event Notice.
  • Euroclear and Clearstream, Luxembourg will collect from the Direct Participants:
    participate the Notes in the 2023 Put Option and deliver the acceptances held by them on behalf of their Direct Participants; and
    credit their accounts on the Settlement Date, in respect to all Notes in respect of which a 2023 Put Option Election Notice has been validly submitted; and
    By participating in the 2023 Put Option in this manner, Holders will be deemed to have acknowledged that they have received this 2023 Put Event Notice and agree to be bound by the terms of this 2023 Put Event Notice and that the Issuer may enforce such agreement against such Holders.

Prairie Provident Resources Announces Transformative Recapitalization Transactions

Retrieved on: 
Wednesday, March 29, 2023
Unit, Person, Fund for Protection of Investors' Rights in Foreign States, Lung compliance, Equity, Agent, Security (finance), Acquisition, Repayment plan, Toronto Stock Exchange, News, PPR, Recapitalization, Commodity, Amendment, National instrument, Debt, Mortgage law, TSX, Growth, Common, Exercise, Adjustment, CAD, Regulation, Acceleration, Indian stock exchange, SOFR, Equity (finance), Sale, Prospectus, Bank, PCEP, Rare-earth element, Commercial property, Cryptocurrency, Holding company, USD, Subordination, Warrant, Holder in due course

Going forward, completion of the Recapitalization is expected to provide Prairie Provident with a sustainable capital structure and the capital resources necessary to optimize its current producing assets as well as develop its currently undeveloped land base, for the benefit of all stakeholders.

Key Points: 
  • Going forward, completion of the Recapitalization is expected to provide Prairie Provident with a sustainable capital structure and the capital resources necessary to optimize its current producing assets as well as develop its currently undeveloped land base, for the benefit of all stakeholders.
  • In recent years, Prairie Provident has faced an increasingly challenging lack of liquidity and deteriorating capital resource position.
  • Prairie Provident intends to close the Equity Financing as soon as possible in order to address its near-term working capital needs.
  • As the Noteholder will, after giving effect to the Subordinated Notes Conversion, Warrant Exercise and Equity Financing, hold more than 80% of the outstanding Common Shares after the Recapitalization, the Noteholder will be a 'control person' of Prairie Provident under applicable Canadian securities laws, and the Recapitalization will materially affect control of Prairie Provident within the meaning of TSX rules.

Wynn Resorts Announces Initial Settlement of Tender Offer for Cash by Wynn Resorts Finance, LLC for Any and All of its 7.750% Senior Notes due 2025

Retrieved on: 
Thursday, February 16, 2023
Lodging, Finance, Travel, Professional Services, Casino, Gaming, Luxury, Retail, Entertainment, WYNN, Attention, Debt-to-GDP ratio, Wainwright Securities Inc. v. Wall Street Transcript Corp., Telephone, Tender, Tender offer, Expiration, Holder in due course, Wall Street, Resort, Cryptocurrency, Security (finance), Note, Limited

Wynn Resorts, Limited (NASDAQ:WYNN) (“Wynn Resorts”) announced today the initial settlement of the previously announced cash tender offer (the “Tender Offer”) by its indirect wholly-owned subsidiary, Wynn Resorts Finance, LLC, (“Wynn Resorts Finance”), for any and all of the outstanding $600 million aggregate principal amount of 7.750% Senior Notes due 2025 (the “2025 Notes”) of Wynn Resorts Finance and Wynn Resorts Capital Corp.

Key Points: 
  • Wynn Resorts, Limited (NASDAQ:WYNN) (“Wynn Resorts”) announced today the initial settlement of the previously announced cash tender offer (the “Tender Offer”) by its indirect wholly-owned subsidiary, Wynn Resorts Finance, LLC, (“Wynn Resorts Finance”), for any and all of the outstanding $600 million aggregate principal amount of 7.750% Senior Notes due 2025 (the “2025 Notes”) of Wynn Resorts Finance and Wynn Resorts Capital Corp.
  • Wynn Resorts Finance has accepted for payment all 2025 Notes validly tendered prior to the Expiration Date.
  • This press release shall not constitute an offer to purchase or the solicitation of an offer to sell the 2025 Notes.
  • Wynn Resorts Finance has engaged Deutsche Bank Securities Inc. to act as the dealer manager in connection with the Tender Offer.