Borrowing (Control and Guarantees) Act 1946

UL Solutions Prices Private Offering of Senior Notes

Retrieved on: 
Thursday, October 5, 2023

UL Solutions Inc. (the “Company”) today announced that it has priced a private offering (the “Offering”) of $300 million aggregate principal amount of 6.500% senior notes due 2028 (the “Notes”).

Key Points: 
  • UL Solutions Inc. (the “Company”) today announced that it has priced a private offering (the “Offering”) of $300 million aggregate principal amount of 6.500% senior notes due 2028 (the “Notes”).
  • The Notes will be guaranteed on a senior unsecured basis by the Company’s wholly owned subsidiary, UL LLC.
  • The Notes will pay interest semiannually beginning on April 20, 2024.
  • The Company anticipates that the closing of the Offering will take place on or about October 20, 2023, subject to market and other customary closing conditions.

Vital Energy Prices Upsized Offering of $900 Million of Senior Notes

Retrieved on: 
Monday, September 18, 2023

TULSA, OK, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), announced today the pricing of $400 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 at 101% of par and $500 million in aggregate principal amount of 9.750% senior unsecured notes due 2030 at 98.742% of par in an upsized registered underwritten offering for a total of $900 million.

Key Points: 
  • TULSA, OK, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), announced today the pricing of $400 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 at 101% of par and $500 million in aggregate principal amount of 9.750% senior unsecured notes due 2030 at 98.742% of par in an upsized registered underwritten offering for a total of $900 million.
  • The offering is expected to close on September 25, 2023, subject to customary closing conditions.
  • The notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by the Company’s existing restricted subsidiary and all of its future restricted subsidiaries, with certain exceptions.
  • Wells Fargo Securities, BofA Securities, Mizuho and Truist Securities are acting as active joint book-running managers for the offering of the notes.

The Estée Lauder Companies to Issue $2.0 Billion of Senior Notes

Retrieved on: 
Wednesday, May 10, 2023

The Estée Lauder Companies Inc. (NYSE: EL) today announced the offering and pricing of $700 million aggregate principal amount of its 4.375% Senior Notes due 2028, $700 million aggregate principal amount of its 4.650% Senior Notes due 2033 and $600 million aggregate principal amount of its 5.150% Senior Notes due 2053.

Key Points: 
  • The Estée Lauder Companies Inc. (NYSE: EL) today announced the offering and pricing of $700 million aggregate principal amount of its 4.375% Senior Notes due 2028, $700 million aggregate principal amount of its 4.650% Senior Notes due 2033 and $600 million aggregate principal amount of its 5.150% Senior Notes due 2053.
  • The offering was made pursuant to an effective registration statement filed by The Estée Lauder Companies Inc. with the Securities and Exchange Commission on May 20, 2021.
  • The closing of the offering is expected to occur on or about May 12, 2023.
  • A registration statement relating to the notes became effective on May 20, 2021, and this offering is being made by means of a prospectus supplement.

Six Flags Announces Closing of $800 Million Notes Offering

Retrieved on: 
Wednesday, May 3, 2023

Six Flags Entertainment Corporation (NYSE: SIX) (the “Company,” “we,” “us” or “our”), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that it has closed its private offering of $800 million aggregate principal amount of its 7.250% senior notes due 2031 (the “Offering”).

Key Points: 
  • Six Flags Entertainment Corporation (NYSE: SIX) (the “Company,” “we,” “us” or “our”), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that it has closed its private offering of $800 million aggregate principal amount of its 7.250% senior notes due 2031 (the “Offering”).
  • This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security.
  • No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
  • Any offers of the notes will be made only by means of a private offering memorandum.

Valaris Limited Announces $600 Million Private Placement of Senior Secured Second Lien Notes Due 2030 and Issues Notice of Conditional Full Redemption for its Senior Secured First Lien Notes Due 2028

Retrieved on: 
Monday, April 3, 2023

Valaris intends to use the net proceeds from the Offering to fund the redemption of all of its outstanding Senior Secured First Lien Notes due 2028 (the “First Lien Notes”) and for general corporate purposes.

Key Points: 
  • Valaris intends to use the net proceeds from the Offering to fund the redemption of all of its outstanding Senior Secured First Lien Notes due 2028 (the “First Lien Notes”) and for general corporate purposes.
  • The redemption date for the First Lien Notes provided in the notice of conditional full redemption is May 3, 2023 (the “Redemption Date”).
  • Wilmington Savings Fund Society, FSB is the trustee (the “Trustee”) for the First Lien Notes and is serving as the paying agent for the redemption.
  • The Credit Agreement will be (i) guaranteed by the same subsidiaries that guarantee the Second Lien Notes and by Valaris Finance Company LLC and (ii) secured on a first lien basis by the same assets that secure the Second Lien Notes.

Chart Industries, Inc. Announces Pricing of Offering of Senior Secured Notes and Senior Unsecured Notes

Retrieved on: 
Thursday, December 8, 2022

ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that, it has priced its previously announced offering of $1,460,000,000 aggregate principal amount of 7.500% senior secured notes due 2030 (the “Secured Notes”) at an issue price of 98.661% and $510,000,000 aggregate principal amount of 9.500% unsecured notes due 2031 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”) at an issue price of 97.949%.

Key Points: 
  • ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that, it has priced its previously announced offering of $1,460,000,000 aggregate principal amount of 7.500% senior secured notes due 2030 (the “Secured Notes”) at an issue price of 98.661% and $510,000,000 aggregate principal amount of 9.500% unsecured notes due 2031 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”) at an issue price of 97.949%.
  • The Notes will be fully and unconditionally guaranteed, jointly and severally, by each of Chart’s wholly owned domestic subsidiaries that guarantee its senior secured credit facilities.
  • The Secured Notes will be secured by first-priority liens on all of the assets that secure Chart’s and the guarantors’ obligations under Chart’s senior secured credit facilities.
  • Any offers of the Notes will be made only by means of a private offering memorandum.

Sportsman's Warehouse Holdings, Inc. Announces Approval of $75 Million Share Repurchase Program

Retrieved on: 
Thursday, March 24, 2022

We are pleased that the Board has approved this share repurchase program, commented Jeff White, Chief Financial Officer of Sportsmans Warehouse.

Key Points: 
  • We are pleased that the Board has approved this share repurchase program, commented Jeff White, Chief Financial Officer of Sportsmans Warehouse.
  • As we consider our capital allocation priorities, we believe this repurchase program is another effective way of deploying our capital and returning value to stockholders.
  • The Company intends to fund repurchases under the Repurchase Program using cash on hand or available borrowings under its revolving credit facility.
  • The Company has no obligation to repurchase any shares of its common stock under the Repurchase Program and may modify, suspend or discontinue it at any time.

Full House Resorts Announces Proposed Offering of Additional Senior Secured Notes

Retrieved on: 
Tuesday, February 1, 2022

The Additional Notes will be issued pursuant to the Indenture pursuant to which Full House issued $310.0million of identical senior secured notes in February 2021 (the Original Notes, and, together with the Additional Notes, the Notes).

Key Points: 
  • The Additional Notes will be issued pursuant to the Indenture pursuant to which Full House issued $310.0million of identical senior secured notes in February 2021 (the Original Notes, and, together with the Additional Notes, the Notes).
  • The Additional Notes will be, and the Original Notes are, senior secured obligations of the Company and will be guaranteed, jointly and severally, by all of its current subsidiaries and future restricted subsidiaries.
  • Holders of a majority of the Original Notes have consented to the issuance of the Additional Notes and an increase in the available borrowings under its credit agreement from $15.0million to $40.0million.
  • These include statements regarding, but not limited to, Full House Resorts intention to the offer the securities and the expected uses of the proceeds from the proposed offering.

Sonic Automotive Announces Closing of $1.15 Billion of Senior Notes in a Private Offering

Retrieved on: 
Wednesday, October 27, 2021

Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the closing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).

Key Points: 
  • Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the closing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).
  • The 2029 Notes and the 2031 Notes were issued at par.
  • The Notes will be guaranteed on a senior unsecured basis by certain of the Companys subsidiaries.
  • Included herein are forward-looking statements, including statements pertaining to a private offering of securities and redemption of all the outstanding 6.125% Notes.

Sonic Automotive Announces Pricing of $1.15 Billion of Senior Notes in a Private Offering

Retrieved on: 
Friday, October 15, 2021

Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).

Key Points: 
  • Sonic Automotive, Inc. (Sonic Automotive or the Company) (NYSE: SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the pricing of its private offering of $1,150,000,000 aggregate principal amount of Senior Notes, consisting of its $650,000,000 aggregate principal amount of 4.625% Senior Notes due 2029 (the 2029 Notes) and $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 (the 2031 Notes, and together with the 2029 Notes, the Notes).
  • The Notes will be guaranteed on a senior unsecured basis by certain of the Companys subsidiaries.
  • The sale of the Notes is expected to close on October 27, 2021, subject to customary closing conditions.
  • Included herein are forward-looking statements, including statements pertaining to a private offering of securities and redemption of all the outstanding 6.125% Notes.