ANY

Tender offer for hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, ITS, Danske Bank, Accrued interest, J. P. Morgan, ANY, Purchasing, NOT, Morgan Stanley, Capital, A/S, Tender, AS, HSBC, Security (finance)

Ørsted A/S (‘Ørsted’) hereby invites holders of its:

Key Points: 
  • Ørsted A/S (‘Ørsted’) hereby invites holders of its:
    •    EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
    to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
  • Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
  • Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.

Ørsted successfully issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024
ACT, ANY, Tender offer, ITS, A/S, EUR, NOT, AS

Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).

Key Points: 
  • Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % hybrid capital securities issued in 2017, which is callable at par on the first reset date, 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted has also invited holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Key details of the new EUR 750 million subordinated green hybrid capital securities:
    •    Fixed coupon until 14 December 2029: 5.125 % p.a.

Tender offer for hybrid capital securities – final results

Retrieved on: 
Wednesday, March 13, 2024
ACT, ITS, Accrued interest, ANY, Purchasing, Settlement date, EUR, NOT, The Purchase Price, Security (finance), A/S, AS

Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).
  • The Offer was announced on 5 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’).
  • Capitalised terms used in this announcement and not otherwise defined have the meaning given to them in the Tender Offer Memorandum.
  • As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March 2024, EUR 249,544,000 in aggregate principal amount of the Securities was validly tendered pursuant to the Offer.

Citycon announces the results of its tender offer for the outstanding notes of Citycon Treasury B.V. due 2024

Retrieved on: 
Tuesday, March 5, 2024
ACT, Attention, Offer and acceptance, ITS, WAKE, Euronext Dublin, Surety, Person, Capital market, Euronext, Note, ANY, Settlement date, Offer, Telephone, EUR, NOT, Interest, Tender, AS, Security (finance)

HELSINKI, March 5, 2024 /PRNewswire/ -- On 27 February 2024, Citycon Treasury B.V. (the "Offeror") launched an invitation to holders of its EUR 310,342,000 2.50 per cent Guaranteed Notes due 2024 guaranteed by Citycon Oyj (the "Guarantor") (ISIN: XS1114434167) issued in separate tranches on 1 October 2014 and 10 June 2020 (the "Securities"), to tender any and all of their Securities for purchase by the Offeror for cash (the "Offer") on the terms and subject to the conditions set out in the tender offer memorandum dated 27 February 2024 (the "Tender Offer Memorandum") prepared by the Offeror, including the satisfaction (or waiver) of the Financing Condition, being the successful completion (in the sole determination of the Offeror) of the issue of the New Notes (as defined below). The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.On 28 February 2024, the Offeror priced its EUR 300 million 6.500 per cent. Senior Unsecured Green Notes due 2029 (the "New Notes"). The New Notes are unconditionally and irrevocably guaranteed by the Guarantor. Application will be made for the New Notes to be admitted to listing and trading on the Irish Stock Exchange plc trading as Euronext Dublin. The New Notes are expected to settle on 6 March 2024. The Offeror today announces that, subject to the satisfaction (or waiver) of the Financing Condition, it will accept for purchase EUR 213,253,000 in aggregate principal amount of Securities validly tendered pursuant to the Offer. The total purchase consideration (including Accrued Interest Payments) for Securities validly tendered and accepted for purchase pursuant to the Offer will be EUR 213,688,537.15, which will be funded using a portion of the net proceeds from the New Notes.

Key Points: 
  • The Offer remains subject to the offer and distribution restrictions set out in the Tender Offer Memorandum.
  • Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
  • Full details concerning the Offer are set out in the Tender Offer Memorandum.
  • The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law.

Crown Castle Co-Founder Ted B. Miller Issues Statement on Crown Castle's Rewrite of Cooperation Agreement with Elliott

Retrieved on: 
Monday, March 4, 2024
Boot, Participation, Crown Castle, ANY, Common stock, WHEN, Common, Tenant, Annual general meeting, GOLD, Security (finance), WRCB, UPON, Corporation, AS, Investment

HOUSTON, March 4, 2024 /PRNewswire/ -- Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the "Company") and his investment vehicle Boots Capital Management, LLC ("Boots Capital") today issued the following statement:

Key Points: 
  • Similarly, statements that describe the Participants' (as defined below) objectives, plans or goals are forward-looking.
  • There can be no assurance that any idea or assumption herein is, or will be proven, correct.
  • BOOTS CAPITAL STRONGLY ADVISES ALL SHAREHOLDERS OF CROWN CASTLE TO READ THE PRELIMINARY PROXY STATEMENT, ANY AMENDMENTS OR SUPPLEMENTS TO SUCH PROXY STATEMENT, THE DEFINITIVE PROXY STATEMENT, AS WELL AS PROXY MATERIALS FILED BY CROWN CASTLE AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

Crown Castle Co-Founder Ted B. Miller Files Lawsuit to Invalidate Crown Castle's Unlawful Cooperation Agreement with Elliott

Retrieved on: 
Wednesday, February 28, 2024
Boot, Participation, Crown Castle, ANY, Common stock, WHEN, Cardinal Health, Common, Tenant, Annual general meeting, GOLD, Security (finance), WRCB, UPON, Corporation, AS, Investment

HOUSTON, Feb. 28, 2024 /PRNewswire/ -- Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the "Company") and his investment vehicle Boots Capital Management, LLC ("Boots Capital") today filed a complaint in the Court of Chancery of the State of Delaware (the "Court") seeking to invalidate the cooperation agreement between Crown Castle's Board of Directors (the "Board") and Elliott Investment Management, L.P. (together with its affiliates, "Elliott") announced on December 20, 2023. Under the terms of the cooperation agreement, Elliott and the Company appointed two new directors, Jason Genrich, Partner at Elliott, and Sunit Patel, Chief Financial Officer of Ibotta Inc. (collectively, the "Elliott Directors"), to the Board. Elliott received substantial governance rights without the customary provision that it be required to maintain an equity ownership position in the Company.1

Key Points: 
  • Similarly, statements that describe the Participants' (as defined below) objectives, plans or goals are forward-looking.
  • There can be no assurance that any idea or assumption herein is, or will be proven, correct.
  • IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.
  • 1 For example, Pinterest, Inc. entered into a cooperation agreement with Elliott on December 6, 2022, and Cardinal Health, Inc. entered into a cooperation agreement with Elliott on September 5, 2022, which each required that Elliott maintain an equity ownership threshold of 4.3% and 2.25%, respectively.

Global Millennial Capital Raises $20 Million to Fund Transformational Early-Stage Ventures That Empower Future Digital Economies

Retrieved on: 
Wednesday, February 28, 2024
Bias, Advisory board, General partnership, ANY, Incubator, THIS, AN, Data science, COVID-19, Fintech, AS, Research, Software

BOSTON, Feb. 28, 2024 /PRNewswire/ -- Global Millennial Capital Ltd., ("GMCL") an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias, announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices from the Gulf region with participation from international investors, the venture capital fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Key Points: 
  • GMCL was established in 2021, amid the global COVID-19 pandemic, to invest in technology businesses with unique access to leading academic institutions, incubators, accelerators, and corporate venture capital firms.
  • The emerging venture capital investor brings a lucrative yet "contrarian" perspective to identifying global themes and investment trends in the technology sector.
  • DISCLAIMER: GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS A VENTURE CAPITAL FUND REGISTERED WITH THE BRITISH VIRGIN ISLANDS FINANCIAL SERVICES COMMISSION WITH FUND NUMBER 2037148.
  • GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS NOT A REGISTERED INVESTMENT ADVISOR.

K1 Investment Management, LLC (“K1”) Statement regarding Possible Offer for MariaDB plc (“MariaDB”)

Retrieved on: 
Friday, February 16, 2024
ACT, MAKE, LOS, ANY, Calendar, FIRM, MADE, IRISH, NOT, MariaDB, Panel, Cryptocurrency

LOS ANGELES, Feb. 16, 2024 (GLOBE NEWSWIRE) -- K1 confirms that it made, on 15 February 2024, a non-binding proposal to the board of directors of MariaDB (the “Board”) to acquire, together with K1’s investment affiliates, all of the issued, and to be issued, share capital of MariaDB at a value of $0.55 per share (the “Possible Offer”). The terms of the Possible Offer represent:-

Key Points: 
  • THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER WILL BE MADE.
  • K1 has a high regard for the MariaDB business and looks forward to engaging with MariaDB in connection with the Possible Offer.
  • However, K1 reserves the right to implement the proposal, instead, by way of contractual offer.
  • There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made.

Global Millennial Capital Raises $20 Million to Fund Transformational Early-Stage Ventures That Empower Future Digital Economies

Retrieved on: 
Friday, February 16, 2024
Bias, Advisory board, General partnership, ANY, Incubator, THIS, AN, COVID-19, Fintech, Harvard Business School, AS, Research, Software, Cryptocurrency

BOSTON, Feb. 16, 2024 /PRNewswire/ -- Global Millennial Capital Ltd., ("GMCL") an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias, announced the close of its first $20 million fund as part of an oversubscribed private subscription round. Anchored by the Qatar-based Al Attiyah family office, with participation from various Gulf-based and international investors, the venture capital fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

Key Points: 
  • Global Millennial Capital pioneers the Profit with Purpose methodology of Harvard Business School in partnering with exceptional entrepreneurs.
  • The emerging venture capital investor brings a lucrative yet "contrarian" perspective to identifying global themes and investment trends in the technology sector.
  • DISCLAIMER: GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS A VENTURE CAPITAL FUND REGISTERED WITH THE BRITISH VIRGIN ISLANDS FINANCIAL SERVICES COMMISSION WITH FUND NUMBER 2037148.
  • GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS NOT A REGISTERED INVESTMENT ADVISOR.

Liberty Global announces intention to spin-off 100% of Sunrise to shareholders

Retrieved on: 
Friday, February 16, 2024
Prospectus, Financial services, Proxy, Person, Investment, F-4, ANY, Gross metropolitan product, Sale, Transaction, Form, European Economic Area, Communication, FCF, Sunrise, Liberty Global, Public expenditure, Legislation, Security (finance), Finance

We calculate Sunrise rebased growth percentages consistent with the way we calculate Liberty Global rebased growth percentages in our earnings releases.

Key Points: 
  • We calculate Sunrise rebased growth percentages consistent with the way we calculate Liberty Global rebased growth percentages in our earnings releases.
  • As announced today, Liberty Global intends to spin-off its businesses attributed to Sunrise GmbH (“Sunrise”) into a separate publicly-traded company (the “Transaction”).
  • Liberty Global shareholders and investors may obtain free copies of the Proxy Statement/Prospectus and other relevant materials (when they become available) and other documents filed by Liberty Global and Sunrise at the SEC’s website at www.sec.gov.
  • Information regarding Liberty Global’s directors and executive officers is set forth in Liberty Global’s filings with the SEC.