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

Retrieved on: 
Thursday, November 2, 2023

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”).

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.

Arm Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional American Depositary Shares

Retrieved on: 
Monday, September 18, 2023

Arm Holdings plc (“Arm”) today announced the closing of its initial public offering (the “IPO”) of 102,500,000 American depositary shares (“ADSs”), representing its ordinary shares, at a price to the public of $51.00 per ADS, including the underwriters’ full exercise of their option to purchase up to an additional 7,000,000 ADSs to cover over-allotments.

Key Points: 
  • Arm Holdings plc (“Arm”) today announced the closing of its initial public offering (the “IPO”) of 102,500,000 American depositary shares (“ADSs”), representing its ordinary shares, at a price to the public of $51.00 per ADS, including the underwriters’ full exercise of their option to purchase up to an additional 7,000,000 ADSs to cover over-allotments.
  • Arm’s ADSs began trading on the Nasdaq Global Select Market (“Nasdaq”) on September 14, 2023, under the ticker symbol “ARM.”
    Raine Securities LLC acted as financial advisor in connection with the IPO.
  • Barclays, Goldman Sachs & Co. LLC, J.P. Morgan, and Mizuho acted as joint book-running managers for the IPO.
  • Copies of the prospectus relating to the IPO may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov .

Vital Energy Announces Offering Of Senior Notes

Retrieved on: 
Wednesday, September 13, 2023

TULSA, OK, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), announced today that it intends, subject to market conditions, to publicly offer $300 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 and $500 million in aggregate principal amount of senior unsecured notes due 2030 in a registered underwritten offering for a total of $800 million.

Key Points: 
  • TULSA, OK, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), announced today that it intends, subject to market conditions, to publicly offer $300 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 and $500 million in aggregate principal amount of senior unsecured notes due 2030 in a registered underwritten offering for a total of $800 million.
  • The Company intends to use a portion of the net proceeds from this offering of the notes and a concurrent offering of common stock to fund the satisfaction and discharge of the indenture governing its 9.500% senior unsecured notes due 2025, to repay a portion of the borrowings outstanding under its senior secured credit facility and use any excess for general corporate purposes.
  • Wells Fargo Securities, BofA Securities, Mizuho and Truist Securities are acting as active joint book-running managers for the offering of the notes.
  • This offering of notes is being made pursuant to an effective automatic shelf registration statement, including a prospectus and a preliminary prospectus supplement related to the offering, previously filed by the Company with the Securities and Exchange Commission (“SEC”).

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Thursday, September 14, 2023

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 10,440,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $23.00 per share.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 10,440,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $23.00 per share.
  • The offering was upsized from the previously announced offering size of 8,700,000 shares of common stock, and the offering is expected to close on September 18, 2023, subject to customary closing conditions.
  • Wells Fargo Securities, BofA Securities, Citigroup, and Mizuho are acting as the joint book-running managers for the offering.
  • Stifel, Huntington Capital Markets, Raymond James, and Wolfe Capital Markets and Advisory are acting as co-managers of the offering.

Arm Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, September 13, 2023

Arm Holdings plc (“Arm”) today announced the pricing of its initial public offering (the “IPO”) of 95,500,000 American depositary shares (“ADSs”), each representing one of its ordinary shares, at a price to the public of $51.00 per ADS.

Key Points: 
  • Arm Holdings plc (“Arm”) today announced the pricing of its initial public offering (the “IPO”) of 95,500,000 American depositary shares (“ADSs”), each representing one of its ordinary shares, at a price to the public of $51.00 per ADS.
  • The IPO is expected to close on September 18, 2023, subject to customary closing conditions.
  • Raine Securities LLC is acting as financial advisor in connection with the IPO.
  • Barclays, Goldman Sachs & Co. LLC, J.P. Morgan, and Mizuho are acting as joint book-running managers for the IPO.

SilverBow Resources Announces Upsize and Pricing of Public Offering of Common Stock

Retrieved on: 
Thursday, September 14, 2023

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of its previously announced underwritten public offering of its common stock (the “Offering”).

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced the upsize and pricing of its previously announced underwritten public offering of its common stock (the “Offering”).
  • The Company and the Selling Stockholder have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares, upsized from the previously announced 450,000 shares.
  • The Offering is expected to close on or about September 18, 2023, subject to customary closing conditions.
  • Truist Securities, BofA Securities, KeyBanc Capital Markets, Capital One Securities and Barclays are also acting as joint book-running managers.

Essential Properties Realty Trust, Inc. Announces Public Offering of Common Stock

Retrieved on: 
Wednesday, September 13, 2023

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,700,000 shares of its common stock on a forward basis in connection with the forward sale agreements described below.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,700,000 shares of its common stock on a forward basis in connection with the forward sale agreements described below.
  • In connection with the offering, the Company expects to enter into forward sale agreements with Wells Fargo Securities, BofA Securities, Citigroup, and Mizuho (or affiliates thereof) (the “forward purchasers”), with respect to 8,700,000 shares of the Company’s common stock.
  • The underwriters have been granted a 30-day option, exercisable in whole or in part from time to time, to purchase up to an additional 1,305,000 shares of the Company’s common stock.
  • The Company will not receive any proceeds from the sale of shares of its common stock by the forward purchasers (or affiliates thereof).

SilverBow Resources Announces Proposed Public Offering of Common Stock

Retrieved on: 
Tuesday, September 12, 2023

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock (the “Offering”), which includes 2,250,000 shares being offered by the Company and 750,000 shares being offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”).

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock (the “Offering”), which includes 2,250,000 shares being offered by the Company and 750,000 shares being offered by an affiliate of Strategic Value Partners, LLC (the “Selling Stockholder”).
  • The Company and the Selling Stockholder intend to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares.
  • The Offering is subject to market and other 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.
  • The consummation of the Offering is not conditioned upon the completion of the Chesapeake Acquisition and the consummation of the Offering is not a condition to the completion of the Chesapeake Acquisition.

Arm Announces Launch of IPO Roadshow

Retrieved on: 
Tuesday, September 5, 2023

Arm Holdings plc (“Arm”) today announced that it has launched a roadshow for the initial public offering (the “IPO”) of American depositary shares (“ADSs”) representing its ordinary shares.

Key Points: 
  • Arm Holdings plc (“Arm”) today announced that it has launched a roadshow for the initial public offering (the “IPO”) of American depositary shares (“ADSs”) representing its ordinary shares.
  • A total of 95,500,000 ADSs are being offered by the selling shareholder, a wholly-owned subsidiary of SoftBank Group Corp., in the IPO.
  • Arm has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.
  • Barclays is acting as Billing and Delivery Agent, Goldman Sachs & Co. LLC is acting as IPO Allocation Coordinator, J.P. Morgan is acting as Stabilization Agent, and Mizuho is acting as Roadshow Launch Coordinator & Salesforce Presentation Host.