Barclays Capital Inc. v. Theflyonthewall.com, Inc.

Nextracker Announces Launch of Offering of Class A Common Stock

Retrieved on: 
Monday, June 26, 2023

AUSTIN, Texas, June 26, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched a proposed underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.

Key Points: 
  • AUSTIN, Texas, June 26, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched a proposed underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.
  • The underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders.
  • Nextracker expects to use all of the net proceeds from the offering of 14,210,511 shares of Common Stock by Nextracker to purchase 14,210,511 Nextracker LLC common units from Yuma, Inc., our indirect wholly-owned subsidiary, and TPG Rise Flash, L.P., an affiliate of the global alternative asset management firm TPG.
  • The Common Stock may not be sold, nor may offers to buy any Common Stock be accepted, prior to the time the registration statement becomes effective.

ODDITY Announces Filing of Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Friday, June 23, 2023

ODDITY Tech Ltd. (“ODDITY”), a consumer tech platform that is built to transform the global beauty and wellness market, today announces that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A ordinary shares.

Key Points: 
  • ODDITY Tech Ltd. (“ODDITY”), a consumer tech platform that is built to transform the global beauty and wellness market, today announces that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A ordinary shares.
  • 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.
  • Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Allen & Company LLC are acting as lead book-running managers for the proposed offering.
  • These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Bluegreen Vacations Holding Corporation Completes $214.6 Million Securitization of Vacation Ownership Receivables

Retrieved on: 
Thursday, June 22, 2023

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company” or “Bluegreen Vacations”) announced today the completion of a private offering and sale of approximately $214.6 million of vacation ownership interest (“VOI”) receivable-backed notes (the “2023-A Term Securitization”).

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company” or “Bluegreen Vacations”) announced today the completion of a private offering and sale of approximately $214.6 million of vacation ownership interest (“VOI”) receivable-backed notes (the “2023-A Term Securitization”).
  • A portion of the proceeds from the Notes sale received at closing were used to pay down one of the Company’s receivable-backed debt facilities.
  • All of such securities having been sold, this announcement of their sale appears as a matter of record only.
  • KeyCM, BofA, Truist, Citizens and Barclays were the initial purchasers of the Notes.

OneMain Holdings, Inc. Announces Pricing of $500 Million Aggregate Principal Amount of Senior Notes Due 2029

Retrieved on: 
Tuesday, June 20, 2023

OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that its direct, wholly-owned subsidiary OneMain Finance Corporation (“OMFC”) priced $500 million aggregate principal amount of its 9.00% senior notes due 2029 (the “2029 notes”) in connection with its previously announced registered 2029 notes offering.

Key Points: 
  • OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that its direct, wholly-owned subsidiary OneMain Finance Corporation (“OMFC”) priced $500 million aggregate principal amount of its 9.00% senior notes due 2029 (the “2029 notes”) in connection with its previously announced registered 2029 notes offering.
  • The 2029 notes will be guaranteed on an unsecured basis by OMH (the “guarantee”).
  • The closing of the offering is expected to occur on June 22, 2023, subject to satisfaction of customary closing conditions.
  • The 2029 notes offering is being made only by means of a prospectus supplement and accompanying base prospectus.

 OneMain Holdings, Inc. Announces Proposed Offering of Senior Notes due 2029

Retrieved on: 
Tuesday, June 20, 2023

OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that its direct, wholly-owned subsidiary OneMain Finance Corporation (“OMFC”) is proposing to offer $500 million aggregate principal amount of its senior notes due 2029 (the “2029 notes”), subject to market and other conditions.

Key Points: 
  • OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that its direct, wholly-owned subsidiary OneMain Finance Corporation (“OMFC”) is proposing to offer $500 million aggregate principal amount of its senior notes due 2029 (the “2029 notes”), subject to market and other conditions.
  • The 2029 notes will be guaranteed on an unsecured basis by OMH (the “guarantee”).
  • There can be no assurance that the offering of the 2029 notes will be consummated.
  • The 2029 notes offering is being made only by means of a prospectus supplement and accompanying base prospectus.

Dell Technologies Announces Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Thursday, June 15, 2023

Holders of Securities who validly tender their Securities following the Early Tender Deadline and on or prior to the Expiration Date will receive only the applicable Tender Offer Consideration per $1,000 principal amount of any such Securities validly tendered by such Holders that are accepted for purchase.

Key Points: 
  • Holders of Securities who validly tender their Securities following the Early Tender Deadline and on or prior to the Expiration Date will receive only the applicable Tender Offer Consideration per $1,000 principal amount of any such Securities validly tendered by such Holders that are accepted for purchase.
  • If the Offers are not fully subscribed at the Early Tender Deadline, subject to the Aggregate Tender Cap and proration, Securities validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will be accepted for purchase in priority to Securities validly tendered following the Early Tender Deadline even if such Securities validly tendered following the Early Tender Deadline have a higher Acceptance Priority Level than Securities validly tendered at or prior to the Early Tender Deadline.
  • Subject to applicable law, Dell may increase, decrease or eliminate the Aggregate Tender Cap without extending the Early Tender Deadline or the Withdrawal Deadline.
  • If the Offers are fully subscribed at the Early Tender Deadline, Holders who validly tender Securities following the Early Tender Deadline but on or prior to the Expiration Date will not have any of their Securities accepted for purchase regardless of their Acceptance Priority Level.

Skyward Specialty Announces Closing of Secondary Offering of its Common Stock

Retrieved on: 
Monday, June 12, 2023

About Skyward SpecialtySkyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions -- Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Key Points: 
  • HOUSTON, June 12, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company"), a leader in the specialty property and casualty (“P&C”) market, today announced the closing of its underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share.
  • Barclays Capital Inc. and Keefe, Bruyette & Woods, Inc., A Stifel Company, acted as joint lead book-running managers for the offering.
  • JMP Securities, A Citizens Company, Piper Sandler & Co., Truist Securities, Inc., Raymond James & Associates, Inc. and BMO Capital Markets Corp. acted as joint book-running managers for the offering.
  • A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov .

Premier, Inc. to Divest Non-Healthcare GPO Operations for Approximately $800 Million in Cash

Retrieved on: 
Wednesday, June 14, 2023

“We are excited to enhance our focus on our member services and core healthcare businesses as we continue executing our strategies to drive sustainable, long-term growth.

Key Points: 
  • “We are excited to enhance our focus on our member services and core healthcare businesses as we continue executing our strategies to drive sustainable, long-term growth.
  • These members will continue to have access to the Premier GPO portfolio.
  • M. Todd Abner, Founder and CEO of OMNIA, said: “The acquisition of Premier’s non-healthcare GPO operations strengthens our position in the market and allows us to provide additional value for our members.
  • BofA Securities, Inc. is serving as Premier’s financial advisor, and McDermott Will & Emery LLP is serving as its legal counsel.

Skyward Specialty Announces Pricing of Secondary Offering of Its Common Stock

Retrieved on: 
Thursday, June 8, 2023

HOUSTON, June 07, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company"), a leader in the specialty property and casualty (“P&C”) market, today announced the pricing of its underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share.

Key Points: 
  • HOUSTON, June 07, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company"), a leader in the specialty property and casualty (“P&C”) market, today announced the pricing of its underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share.
  • The Westaim Corporation along with certain other selling shareholders (collectively, the “Selling Stockholders”) also granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of Skyward Specialty’s common stock.
  • Skyward Specialty will not receive any of the proceeds from the sale of the shares of its common stock offered by the Selling Stockholders, and the Selling Stockholders will bear the underwriting discounts and commissions associated with the sale of such shares.
  • Barclays Capital Inc. and Keefe, Bruyette & Woods, Inc., A Stifel Company, are acting as joint lead book-running managers for the proposed offering.

NET Power Completes Merger with Rice Acquisition Corp. II to Accelerate Clean Natural Gas Power Generation

Retrieved on: 
Thursday, June 8, 2023

NET Power has an initial enterprise value of approximately $1.5 billion and a market capitalization in excess of $2.0 billion.

Key Points: 
  • NET Power has an initial enterprise value of approximately $1.5 billion and a market capitalization in excess of $2.0 billion.
  • Additionally, Occidental provided $10 million in interim financing to support NET Power’s operations through the closing of the Business Combination.
  • “This deal sets NET Power on a path to accelerate the buildout and commercialization of our technology and bring the world the trifecta of clean, affordable, and reliable energy,” said Danny Rice, NET Power CEO.
  • Credit Suisse Securities (USA) LLC acted as financial advisor and capital markets advisor to NET Power, LLC.