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Equinor ASA: Execution of debt capital market transactions
Globenewswire· 2025-05-27 21:09
Group 1 - The core transaction involves Equinor ASA executing debt capital market transactions, including the issuance of Notes to enhance financial flexibility [1][4] - The net proceeds from the issuance will be utilized for general corporate purposes, which may encompass the repayment or purchase of existing debt [1] - The offering is set to close on June 3, 2025, pending customary conditions [2] Group 2 - The company issued USD 550 million 4.25% Notes due June 2, 2028, USD 400 million 4.50% Notes due September 3, 2030, and USD 800 million 5.125% Notes due June 3, 2035 [4]
Garrett Motion Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Globenewswire· 2025-05-20 21:03
Company Overview - Garrett Motion Inc. is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector and beyond, including off-highway equipment, marine, and power generators [8] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [8] - Garrett is actively developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and electric propulsion systems for battery electric vehicles [8] - The company operates five R&D centers and 13 manufacturing facilities, employing over 9,000 people in more than 20 countries [8] Recent Developments - Garrett announced a proposed secondary public offering of 17,000,000 shares of common stock held by certain entities managed by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners [1] - The underwriters have a 30-day option to purchase an additional 2,550,000 shares from the Selling Stockholders [1] - The company has authorized the repurchase of approximately 2 million shares of common stock as part of the secondary public offering, with a maximum aggregate repurchase amount of $25 million [2] - This repurchase is part of Garrett's existing $250 million share repurchase program [2] Underwriters and Regulatory Filings - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead bookrunners for the proposed offering, with several other firms serving as joint bookrunning managers [3] - A shelf registration statement and a preliminary prospectus supplement relating to the offering have been filed with the Securities and Exchange Commission [4]
EQT completes sale of common stock of Kodiak Gas Services
Prnewswire· 2025-05-14 21:27
Group 1 - The sale of approximately 3.2 million shares of Kodiak Gas Services, Inc. resulted in gross proceeds of around USD 116 million [1] - The sale was executed on May 12, 2025, under Rule 144 of the Securities Act of 1933, with J.P. Morgan Securities LLC acting as the broker [1] - Concurrently, Kodiak Gas Services repurchased approximately 278,000 shares from EQT for gross proceeds of about USD 10 million [1] Group 2 - Following these transactions, EQT now holds approximately 31.3 million shares of Kodiak Gas Services' common stock [1]
Lido Merger Sub, Inc. Announces Commencement of Tender Offer and Consent Solicitation for 8.875% Senior Notes due 2029 of Landsea Homes Corporation
GlobeNewswire News Room· 2025-05-13 12:01
Core Viewpoint - Lido Merger Sub, Inc. has initiated a cash tender offer to purchase all outstanding 8.875% Senior Notes due 2029 of Landsea Homes Corporation, contingent upon the completion of the merger agreement dated May 12, 2025 [1][9]. Tender Offer and Consent Solicitation - The Tender Offer will expire on June 11, 2025, unless extended or terminated earlier [3]. - Holders who tender their Notes by May 27, 2025, will receive $1,040 per $1,000 in principal amount, which includes a $50 early participation premium [3][4]. - After the Early Tender Date, holders will receive $990 per $1,000 in principal amount [3][4]. - The total amount for the Tender Offer is $300 million for the 8.875% Senior Notes due 2029 [4]. Purpose of Consent Solicitation - The Consent Solicitation aims to eliminate the requirement for a "Change of Control Offer" and to remove restrictive covenants and certain events of default in the indenture governing the Notes [7]. - Holders must tender their Notes to deliver their consents, and vice versa [8]. Conditions for Completion - The consummation of the Tender Offer is subject to certain conditions, including the completion of the merger and a financing condition [9]. - The merger is expected to close early in the third quarter of 2025, with the possibility of extending the Expiration Date until the merger closes [9]. - If requisite consents are not obtained, a "Change of Control Offer" will be initiated to repurchase the Notes [9].
MARS ANNOUNCES EXPIRATION AND RESULTS OF CONSENT SOLICITATIONS AND OFFERS TO GUARANTEE RELATING TO KELLANOVA NOTES
Prnewswire· 2025-03-11 23:43
Core Viewpoint - Mars, Incorporated has received the necessary consents from eligible holders of Kellanova's existing senior notes to implement proposed amendments related to its acquisition of Kellanova, which will not take effect until the acquisition is completed [1][2][6]. Group 1: Consent Solicitations and Amendments - The consent solicitations were conducted in connection with Mars' pending acquisition of Kellanova and were not contingent upon the completion of the acquisition [2][5]. - The proposed amendments will modify certain covenants and events of default in the existing Kellanova indentures to align with Mars' senior notes [4][5]. - The consent payments will be made to eligible holders who validly delivered their consent prior to the expiration date, contingent upon the acquisition's closing [4][7]. Group 2: Financial Details - The consent payments for each $1,000 principal amount of existing Kellanova notes will be $1.00 in cash, with specific amounts outlined for various series of notes [3][4]. - The total principal amounts of the existing Kellanova notes involved in the consent solicitations include $625.18 million for the Kellanova 2031 Notes, $750 million for the Kellanova 2026 Notes, and additional amounts for other series [3][4]. Group 3: Execution and Conditions - Upon receiving the requisite consents, Mars and Kellanova will execute supplemental indentures to implement the proposed amendments, effective upon execution but not operative until the acquisition is consummated [6][7]. - The issuance of the Mars Guarantee and the payment of consent payments are contingent upon the successful closing of the acquisition [2][7].
Ameren Announces Pricing of Senior Notes due 2035
Prnewswire· 2025-02-27 23:01
Core Points - Ameren Corporation announced a public offering of $750 million in senior notes with a 5.375% interest rate due in 2035, priced at 99.822% of their principal amount [1] - The offering is expected to close on March 7, 2025, pending customary closing conditions [1] - The net proceeds will be used for general corporate purposes, including repayment of short-term debt [1] Company Overview - Ameren Corporation serves 2.5 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries Ameren Missouri and Ameren Illinois [4] - Ameren Illinois provides electric transmission and distribution as well as natural gas distribution services, while Ameren Missouri offers electric generation, transmission, and distribution services along with natural gas distribution [4] - Ameren Transmission Company of Illinois focuses on developing, owning, and operating rate-regulated regional electric transmission projects [4]
Atmus Filtration Technologies (ATMU) - Prospectus(update)
2023-05-16 11:37
TABLE OF CONTENTS As filed with the Securities and Exchange Commission on May 16, 2023 Registration No. 333-269894 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Atmus Filtration Technologies Inc. (Exact name of registrant as specified in its charter) 3714 88-1611079 (I.R.S. Employer Identification Number) Delaware (State or Other Jurisdiction of Incorporation or Organization) 26 Century Boulevard Na ...
Atmus Filtration Technologies (ATMU) - Prospectus(update)
2023-03-31 20:18
TABLE OF CONTENTS As filed with the Securities and Exchange Commission on March 31, 2023 Registration No. 333-269894 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Atmus Filtration Technologies Inc. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 3714 (Primary Standard Industrial Classification Code Number) 88-1611079 (I.R.S. Employer Iden ...