SMBC Nikko Securities

Gaming and Leisure Properties Announces Pricing of $400,000,000 of 6.750% Senior Notes Due 2033

Retrieved on:

Wednesday, November 15, 2023

Sale, Issuer, Acquisition, Wells Fargo, GLP, EDGAR, Security (finance), J.P. Morgan & Co., Database, Public expenditure, Goldman Sachs, SMBC Nikko Securities, Note, Prospectus, BofA Securities, RBC Capital Markets, Partnership, GLPI

The Notes priced at 98.196% of par value, with a coupon of 6.750% and will mature on December 1, 2033.

Key Points:

The Notes priced at 98.196% of par value, with a coupon of 6.750% and will mature on December 1, 2033.
The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.
The offering is expected to close on November 22, 2023, subject to certain closing conditions.
Any offer or sale will be made only by means of the prospectus supplement and prospectus forming part of the effective registration statement relating to these securities.

NOVA Chemicals Corporation Announces Pricing of Private Offering of $400 Million of Senior Secured Notes

Retrieved on:

Thursday, November 9, 2023

Sale, Torys, HSBC, LLP, NOVA, Nova Chemicals, AB, SMBC Nikko Securities, National bank, Latham & Watkins, RBC Capital Markets, SEC Rule 144A, Regulation, News, Security (finance)

CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).

Key Points:

CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).
Alongside the 2028 notes offering, the Company announced a tender offer and consent solicitation for $400 million of its $1,050 million 4.875%, senior notes due 2024 (the “2024 notes”).
The Company plans to use the net proceeds of the 2028 notes offering to redeem $400 million of 2024 notes, to pay fees and expenses related to the offering, and general corporate purposes.
The closing of the offering of the 2028 notes is expected to occur on November 28, 2023, subject to customary closing conditions.

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

Retrieved on:

Thursday, November 30, 2023

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.

Rocket Software to Acquire OpenText’s Application Modernization and Connectivity Business

Retrieved on:

Tuesday, November 28, 2023

Rocket Software , Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX ), (TSX: OTEX), which was formerly part of Micro Focus.

Key Points:

Rocket Software , Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX ), (TSX: OTEX), which was formerly part of Micro Focus.
For decades, Rocket Software has been the partner solving complex IT challenges for the largest and most innovative organizations, across infrastructure, data, and applications.
AMC has been a leader in application modernization for many years, providing industry-leading tools including COBOL and host connectivity.
With AMC, Rocket Software will have a more diverse modernization portfolio that aligns with customer demands, whether on-premises or through a hybrid cloud strategy.

AIG Announces Reference Yields and Total Consideration for its Tender Offer for Debt Securities

Retrieved on:

Tuesday, November 21, 2023

As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points:

As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
In addition, holders whose Securities are accepted will also receive Accrued Interest (as defined below) on such Securities.
The early participation date for the Tender Offer was 5:00 p.m. (New York City time), on November 20, 2023 (the “Early Participation Date”).
AIG will not accept for purchase any other Securities tendered in the Tender Offer.

AIG Announces Early Results and Upsizing of Its Tender Offer for Debt Securities

Retrieved on:

Tuesday, November 21, 2023

(1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points:

(1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
Pursuant to the terms of the Tender Offer, AIG will accept for payment up to the Tender Cap Securities validly tendered and not validly withdrawn as shown in the table above and in accordance with the Acceptance Priority Levels.
Because the aggregate purchase price of the Securities validly tendered at or prior to the Early Participation Date exceeds the Tender Cap, AIG does not expect to accept any further tenders of Securities.
Securities that have been validly tendered and not validly withdrawn at or before the Early Participation Date and are accepted in the Tender Offer will be purchased, retired and canceled by AIG on the Early Settlement Date.

BPEA EQT Mid-Market Growth to acquire a majority stake in HRBrain, a fast-growing HR software provider in Japan

Retrieved on:

Monday, November 27, 2023

HRBrain was established in 2016 to offer software solutions aimed at simplifying and streamlining companies' performance evaluation processes.

Key Points:

HRBrain was established in 2016 to offer software solutions aimed at simplifying and streamlining companies' performance evaluation processes.
Today, the Company's HR solutions have grown to include comprehensive talent management, employee experience and organization assessment, labor management, AI ChatBot, 360 Reviews, and more.
BPEA EQT Mid-Market Growth will leverage the firm's in-house software and digitalization capabilities and global network of industry experts to support HRBrain in its next phase of growth.
Hiroki Hori, CEO of HRBrain, commented, "HRBrain promotes solutions in the HR domain mainly for Japanese companies through SaaS-type software and consulting services.

Paramount Global Announces the Pricing Terms of its Maximum Tender Offers for Certain Outstanding Debt Securities

Retrieved on:

Friday, November 17, 2023

Maxima and minima, Wells Fargo, Telephone, LM, Debt-to-GDP ratio, SMBC Nikko Securities, United States Treasury security, Treasury, Trustee, Bloomberg, RBC Capital Markets, Asset, Holder Formation, UST, Tender, Security (finance), Cryptocurrency, Paramount

Per $1,000 principal amount of Maximum Offer Securities validly tendered on or prior to the Early Tender Deadline (as defined below) and accepted for purchase.

Key Points:

Per $1,000 principal amount of Maximum Offer Securities validly tendered on or prior to the Early Tender Deadline (as defined below) and accepted for purchase.
Paramount reserves the absolute right, subject to applicable law, to: (i) waive any and all conditions applicable to the Maximum Offer; (ii) extend or terminate the Maximum Offer; (iii) increase or decrease the Maximum Offer Amount without extending the Early Tender Deadline or the Maximum Offer Withdrawal Deadline; or (iv) otherwise amend the Maximum Offer in any respect.
The solicitation of offers to sell the Maximum Offer Securities is only being made pursuant to the terms of the Offer to Purchase.
None of Paramount, the Dealer Managers, the Tender Agent, the trustees with respect to the Maximum Offer Securities or any of their respective affiliates is making any recommendation as to whether Holders should tender their Maximum Offer Securities in connection with the Maximum Offer.

Paramount Global Announces Early Tender Results of its Maximum Tender Offers for Certain Outstanding Debt Securities

Retrieved on:

Friday, November 17, 2023

Maxima and minima, Wells Fargo, Telephone, LM, Debt-to-GDP ratio, SMBC Nikko Securities, Trustee, RBC Capital Markets, Asset, Holder Formation, Tender, Security (finance), Life insurance, Cryptocurrency, Paramount

As of 5:00 p.m., New York City time, on November 16, 2023 (the "Maximum Offer Withdrawal Deadline"), Maximum Offer Securities validly tendered in the Maximum Offer may no longer be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law.

Key Points:

As of 5:00 p.m., New York City time, on November 16, 2023 (the "Maximum Offer Withdrawal Deadline"), Maximum Offer Securities validly tendered in the Maximum Offer may no longer be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law.
Although the Maximum Offer is scheduled to expire at 5:00 p.m., New York City time, on December 4, 2023 (such date and time, as may be extended or earlier terminated by Paramount), because the Maximum Offer was fully subscribed as of the Early Tender Deadline, Paramount does not expect to accept for purchase any Maximum Offer Securities tendered after the Early Tender Deadline.
Paramount reserves the absolute right, subject to applicable law, to: (i) waive any and all conditions applicable to the Maximum Offer; (ii) extend or terminate the Maximum Offer; (iii) increase or decrease the Maximum Offer Amount without extending the Early Tender Deadline or the Maximum Offer Withdrawal Deadline; or (iv) otherwise amend the Maximum Offer in any respect.
None of Paramount, the Dealer Managers, the Tender Agent, the trustees with respect to the Maximum Offer Securities or any of their respective affiliates is making any recommendation as to whether Holders should tender their Maximum Offer Securities in connection with the Maximum Offer.

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

Retrieved on:

Friday, November 10, 2023

Maxima and minima, Wells Fargo, Telephone, LM, Debt-to-GDP ratio, SMBC Nikko Securities, Trustee, RBC Capital Markets, Accrued interest, All, Asset, Interest, Tender, Life insurance, Paramount

Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Maximum Offers.

Key Points:

Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Maximum Offers.
The information agent and tender agent for the Any and All Offers is Global Bondholder Services Corporation.
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.