Tuesday, January 19States Top Leading News (STL.News)

Tag: senior notes

SBA Announces Pricing of $1.5 Billion of 3.125% Senior Notes Due 2029
Business

SBA Announces Pricing of $1.5 Billion of 3.125% Senior Notes Due 2029

BOCA RATON, FL (STL.News) SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announced today that it has priced an offering of $1.5 billion aggregate principal amount of senior notes due 2029 (the “Notes”).  SBA expects the closing of the Notes to occur on January 29, 2021.  The Notes will have an interest rate of 3.125% and will be issued at a price of 100% of their face value. On January 12, 2021, SBA delivered a redemption notice with respect to all $750 million of its outstanding 4.000% Senior Notes due 2022 (the “2017 Notes”).   SBA intends to use the net proceeds of the offering (i) to fully redeem all of the 2017 Notes and to pay all premiums and costs associated with such redemption, (ii) to repay amounts outstanding under its Revolving Credit Facility and (iii) for general c...
Public Storage Prices Public Offering of Senior Notes
Business

Public Storage Prices Public Offering of Senior Notes

GLENDALE, CA (STL.News) Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced today that the Company has priced a public offering of $500 million aggregate principal amount of Senior Notes due 2026 (the “Notes”).  The Notes will bear interest at an annual rate of 0.875%, will be issued at 99.817% of par value and will mature on February 15, 2026.  Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, commencing August 15, 2021.  The offering is expected to close on January 19, 2021, subject to the satisfaction of customary closing conditions.  The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage f...
Marathon Oil Announces Early Tender Results Of Tender Offer For Up To $500,000,000 Of Its 2.800% Senior Notes Due 2022
Business

Marathon Oil Announces Early Tender Results Of Tender Offer For Up To $500,000,000 Of Its 2.800% Senior Notes Due 2022

HOUSTON, TX (STL.News) Marathon Oil Corporation (NYSE:MRO) announced today the early tender results for its previously announced cash tender offer (the "Offer") for up to an aggregate principal amount of $500,000,000 (the "Aggregate Maximum Tender Amount") of its outstanding $1,000,000,000 aggregate principal amount of 2.800% Senior Notes due 2022 (the "Notes").  The terms and conditions of the Offer are set forth in the Offer to Purchase, dated September 16, 2020 (as the same may be amended or supplemented, the "Offer to Purchase").  The Offer will expire at 11:59 p.m., New York City time, on October 14, 2020, unless extended or earlier terminated by the Company. As of 5:00 p.m., New York City time, on September 29, 2020 (such time and date, the "Early Tender Time"), according to informa...
Motorola Solutions Announces Redemption of All Remaining Senior Notes
Business

Motorola Solutions Announces Redemption of All Remaining Senior Notes

Motorola Solutions Announces Redemption of All Remaining $551,767,000 Outstanding of Its 3.750% Senior Notes Due 2022 CHICAGO, IL (STL.News) Motorola Solutions, Inc. (NYSE: MSI) today announced that it has issued a notice to redeem all of the remaining $551,767,000 outstanding of its 3.750% senior notes due May 15, 2022 (CUSIP No. 620076BB4) (the “Notes”). In accordance with the terms of the indenture under which the Notes were issued, the Notes will be redeemed in full on September 14, 2020, (the “Redemption Date”) at a Redemption Price (as defined below), with respect to the Notes, equal to the greater of: (a) 100% of the principal amount of the Notes being redeemed on the Redemption Date and (b) the sum of the present values of the Remaining Scheduled Payments of principal and interest ...
Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes
Business

Avis Budget Group Announces Intention to Offer $350 Million of Senior Notes

PARSIPPANY, NJ (STL.News) Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $350 million aggregate principal amount of 5.75% senior notes due 2027 (the “Notes”) in a private offering.  The Notes are being offered as additional notes under the Indenture, dated as of July 3, 2019, pursuant to which the Issuers previously issued $400 million aggregate principal amount of 5.75% Senior Notes due 2027. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries. The Company intends to use the net proceeds from the Notes offering ...
Freeport-McMoRan Announces Upsizing And Pricing Of $1.5 Billion Of Senior Notes
Business

Freeport-McMoRan Announces Upsizing And Pricing Of $1.5 Billion Of Senior Notes

PHOENIX, AZ (STL.News) Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has priced an up-sized offering of $1.5 billion of senior notes (collectively, the Notes).  The offering size was increased to $1.5 billion from the previously announced $800 million aggregate principal amount.  Following is a summary of the two tranches of debt: NOTE: this is NOT the complete release. CLICK to VIEW COMPLETE RELEASE
Freeport-McMoRan Announces Offers To Purchase Certain Outstanding Senior Notes
Business

Freeport-McMoRan Announces Offers To Purchase Certain Outstanding Senior Notes

PHOENIX, AZ (STL.News) Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has commenced cash tender offers to purchase a portion of its outstanding 3.55% Senior Notes due 2022, 3.875% Senior Notes due 2023 and 4.55% Senior Notes due 2024 (collectively, the Notes) for an aggregate purchase price up to $800 million (the principal amount of Notes that does not cause such amount to be exceeded, subject to increase, decrease or elimination, the Aggregate Maximum Tender Cap), subject to the acceptance priorities set forth in the table below and the 2024 SubCap (as defined herein). NOTE: this is NOT the complete release. CLICK to VIEW COMPLETE RELEASE
DaVita Inc. Announces Offering of $1.75 Billion Senior Notes
Business

DaVita Inc. Announces Offering of $1.75 Billion Senior Notes

DENVER, CO (STL.News) DaVita Inc. (NYSE: DVA) ("DaVita") announced today that it has commenced a private offering of $1.75 billion aggregate principal amount of senior notes due 2030 (the "2030 notes"), subject to market and other conditions. Prior to the closing date of this offering, DaVita will deliver a notice of conditional redemption to holders of its 5.125% senior notes due 2024 (the "2024 notes") stating that the entire principal amount outstanding of such 2024 notes will be redeemed on July 15, 2020, subject to the completion of the 2030 notes offering.  Nothing contained in this release constitutes a notice of redemption of the 2024 notes. DaVita intends to use the net proceeds from the offering of the 2030 notes, together with cash on hand, to redeem all $1.75 billion aggregat...
Zoetis Announces Pricing of $1.25 Billion of Senior Notes
Business

Zoetis Announces Pricing of $1.25 Billion of Senior Notes

PARSIPPANY, NJ (STL.News) Zoetis Inc. (NYSE:ZTS) Thursday announced that it has agreed to sell $1.25 billion of senior notes, consisting of $750 million aggregate principal amount of 2.000% senior notes due 2030 and $500 million aggregate principal amount of 3.000% senior notes due 2050, in an underwritten public offering. Zoetis intends to use the net proceeds to repay the principal of our 3.450% senior notes due 2020 in the aggregate principal amount of $500 million and for general corporate purposes.  The offering is expected to close on May 12, 2020, subject to customary closing conditions. Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and MUFG Securities Americas Inc. are acting as joint book-running managers of the underwrit...
Valero Energy Corporation Announces Pricing of Notes Offering
Business

Valero Energy Corporation Announces Pricing of Notes Offering

SAN ANTONIO, TX (STL.News) Valero Energy Corporation (NYSE: VLO) announced today that it has priced a public offering of $850,000,000 aggregate principal amount of 2.700% Senior Notes due 2023 and $650,000,000 aggregate principal amount of 2.850% Senior Notes due 2025.  The offering is expected to close on April 16, 2020, subject to customary closing conditions.  Valero intends to use the net proceeds from the offering for general corporate purposes. BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC acted as joint book-running managers for the notes. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained from BofA Securities, Inc. at 1-800-294-1322, Citigroup Global Markets...
Huntington Ingalls Industries Announces Proposed Offering of Senior Notes
Business

Huntington Ingalls Industries Announces Proposed Offering of Senior Notes

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries, Inc. (NYSE: HII) (“HII” or the “Company”) announced today an offering by the Company of senior notes (the “Notes”).  The Notes will be fully and unconditionally guaranteed by each of the Company’s domestic subsidiaries that, subject to certain exceptions, guarantees debt under its credit facility or its capital markets debt. The Notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act.  The Notes have not been registered under the Securities Act and, unless so registered, may not be offered or sold in the United States absent an applicable exe...