Regional Security Officer

Highwoods Prices $350 Million of 7.65% Notes Due 2034

Retrieved on: 
Tuesday, November 14, 2023
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RALEIGH, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) (the “Company”) announced today that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a $350 million offering of 7.65% unsecured notes under its existing shelf registration statement.

Key Points: 
  • RALEIGH, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE: HIW) (the “Company”) announced today that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a $350 million offering of 7.65% unsecured notes under its existing shelf registration statement.
  • The notes are due February 1, 2034 and were priced to yield 7.836%.
  • The offering is expected to close on November 21, 2023, subject to customary closing conditions.
  • This offering is being made pursuant to an effective shelf registration statement, and only by means of a prospectus supplement and accompanying prospectus.

Genesis Energy, L.P. Upsizes and Prices Public Offering of Senior Notes

Retrieved on: 
Thursday, November 30, 2023
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Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029 (the “notes”).

Key Points: 
  • Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029 (the “notes”).
  • The offering of the notes was upsized from the previously announced $550,000,000 in aggregate principal amount of the notes.
  • The offering of the notes is expected to settle and close on December 7, 2023, subject to customary closing conditions.
  • This press release is not an offer to purchase any of the 6.500% senior unsecured notes due 2025 and does not constitute a notice of redemption under the indenture governing the 6.500% senior unsecured notes due 2025.

LXP Industrial Trust Announces Pricing of Public Offering of $300 Million of Senior Notes

Retrieved on: 
Thursday, November 2, 2023
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NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (“REIT”) focused on single-tenant warehouse/distribution real estate investments, today announced that it has priced an underwritten public offering of $300 million aggregate principal amount of 6.750% senior unsecured notes due November 15, 2028 at a price equal to 99.423% of the principal amount, to yield 6.888%.

Key Points: 
  • NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (“REIT”) focused on single-tenant warehouse/distribution real estate investments, today announced that it has priced an underwritten public offering of $300 million aggregate principal amount of 6.750% senior unsecured notes due November 15, 2028 at a price equal to 99.423% of the principal amount, to yield 6.888%.
  • Interest on the notes will be payable semi-annually commencing on May 15, 2024.
  • The offering is subject to the satisfaction of customary closing conditions and is expected to close on November 13, 2023.
  • This offering is being conducted pursuant to LXP’s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission (“SEC”).

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Retrieved on: 
Wednesday, September 20, 2023
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Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 21,450,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $13.05 per share, by certain affiliates of NGP Energy Capital Management, L.L.C.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 21,450,000 shares of its Class A Common Stock, par value $0.0001 per share (“Class A common stock”), at a price to the public of $13.05 per share, by certain affiliates of NGP Energy Capital Management, L.L.C.
  • Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.
  • The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional aggregate 3,217,500 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.
  • The offering of Class A common stock is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the offering.

Smith Douglas Announces Filing of Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Thursday, September 7, 2023
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Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock.

Key Points: 
  • Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation’s fastest growing private homebuilders by number of closings, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective.

Hilton Grand Vacations Completes $293 Million Term Securitization

Retrieved on: 
Thursday, August 10, 2023
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Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $293 million securitization of both HGV and legacy Diamond vacation ownership loans through Hilton Grand Vacations Trust 2023-1 (“HGVT”).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $293 million securitization of both HGV and legacy Diamond vacation ownership loans through Hilton Grand Vacations Trust 2023-1 (“HGVT”).
  • Three classes of Notes were issued by HGVT, including approximately $187 million of Class A Notes, approximately $79 million of Class B Notes, and approximately $27 million of Class C notes.
  • “We’re pleased with the execution of our 2023 ABS offering, and we continue to see strong support from the capital markets,” said Dan Mathewes, chief financial officer of Hilton Grand Vacations.
  • This transaction marks the first issuance of both deeded and trust-based collateral combined under the HGVT issuance shelf.

Ares Capital Corporation Prices Public Offering of $600 Million 7.000% Unsecured Notes Due 2027

Retrieved on: 
Thursday, July 27, 2023
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Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.
  • The notes will mature on January 15, 2027 and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.

Dollar General Corporation Announces Pricing of $1,500,000,000 of Senior Notes

Retrieved on: 
Tuesday, June 6, 2023
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Dollar General Corporation (NYSE:DG) (“Dollar General” or the “Company”) today announced the pricing of an offering (the “Offering”) of $500,000,000 of its 5.200% Senior Notes due 2028 (the “2028 Notes”) and $1,000,000,000 of its 5.450% Senior Notes due 2033 (the “2033 Notes” and, collectively with the 2028 Notes, the “Notes”).

Key Points: 
  • Dollar General Corporation (NYSE:DG) (“Dollar General” or the “Company”) today announced the pricing of an offering (the “Offering”) of $500,000,000 of its 5.200% Senior Notes due 2028 (the “2028 Notes”) and $1,000,000,000 of its 5.450% Senior Notes due 2033 (the “2033 Notes” and, collectively with the 2028 Notes, the “Notes”).
  • The 2028 Notes will pay interest at a rate of 5.200% per annum and mature on July 5, 2028.
  • The 2033 Notes will pay interest at a rate of 5.450% per annum and mature on July 5, 2033.
  • Dollar General will pay interest on the Notes semi-annually on January 5 and July 5 of each year, commencing January 5, 2024.

Genesis Energy, L.P. Upsizes and Prices Public Offering of Senior Notes

Retrieved on: 
Wednesday, January 18, 2023
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Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $500,000,000 in aggregate principal amount of 8.875% senior unsecured notes due 2030.

Key Points: 
  • Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $500,000,000 in aggregate principal amount of 8.875% senior unsecured notes due 2030.
  • The offering was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes.
  • The price to investors will be 100% of the principal amount of the notes.
  • The offering of the notes is expected to settle and close on January 25, 2023, subject to customary closing conditions.

CTO Realty Growth Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Retrieved on: 
Monday, December 5, 2022
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WINTER PARK, Fla., Dec. 05, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company”) today announced that it has closed its previously announced underwritten public offering of 3,450,000 shares of common stock, which includes the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $19.00 per share.

Key Points: 
  • WINTER PARK, Fla., Dec. 05, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company”) today announced that it has closed its previously announced underwritten public offering of 3,450,000 shares of common stock, which includes the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $19.00 per share.
  • Total gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $65.6 million.
  • Wells Fargo Securities and Raymond James acted as lead joint book-running managers for the offering.
  • All shares of common stock were offered under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission.