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IPALCO Enterprises, Inc. Announces Amendments to and Further Extension of Consent Solicitations
Prnewswire· 2026-03-19 12:30
Core Viewpoint - IPALCO Enterprises, Inc. is amending and extending its consent solicitations for its 4.25% Senior Notes due 2030 and 5.75% Senior Notes due 2034 to adopt proposed amendments to the indentures governing these notes [1][2] Summary by Sections Consent Solicitation Details - The expiration time for the consent solicitations has been extended to 5:00 p.m. New York City time on March 24, 2026 [2] - The consent fee for consenting holders has been modified, and previously proposed amendments have been deleted except for the change of control waiver related to the Merger [2][3] Consent Fee Structure - Holders who deliver valid consents will receive a consent fee ranging from $2.50 to approximately $5.00 per $1,000 aggregate principal amount of notes, depending on the amount of consents received [4][3] Merger Context - The consent solicitations are being conducted at the request of Horizon Parent, L.P. in connection with a merger agreement involving The AES Corporation [5] - If the merger is not completed, no consent fees will be paid, and the proposed amendments will not take effect [6] Additional Information for Holders - Holders who have already granted consents do not need to take further action to be eligible for the modified consent fee [7] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [8]
AES Announces Expiration of Consent Solicitation for its 2032 Notes and Amendment and Extension of Consent Solicitations for its 2028 Notes, 2030 Notes and 2031 Notes
Prnewswire· 2026-03-19 12:30
Core Viewpoint - AES Corporation has successfully received the necessary consents for its 5.800% Senior Notes due 2032 and is amending and extending consent solicitations for its other notes in connection with a merger agreement with Horizon Parent, L.P. [1][8] Summary by Sections 2032 Notes Consent Solicitation - The consent solicitation for the 2032 Notes expired on March 18, 2026, at 5:00 p.m. New York City time [2] - A supplemental indenture was executed on March 18, 2026, to amend the indenture governing the 2032 Notes, effective upon the consummation of the merger and payment of the consent fee [3] - Holders who delivered valid consents are eligible for a consent fee of $2.50 per $1,000 of the 2032 Notes [4] Revised Consent Solicitations - AES is amending and extending consent solicitations for its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, and 2.450% Senior Notes due 2031 [5] - The expiration time for these revised solicitations has been extended to March 24, 2026 [5] - The consent fee structure has been modified, with potential fees ranging from $2.50 to approximately $5.00 per $1,000 depending on the level of consents received [7] Merger Agreement Context - The consent solicitations are part of the merger agreement dated March 1, 2026, where Horizon Merger Sub, Inc. will merge with AES [8] - If the merger is not completed, no consent payments will be made, and the current terms of the notes will remain in effect [9] - Consent payments are expected to occur concurrently with the merger, anticipated in late 2026 or early 2027 [9] Additional Information - Holders who previously consented do not need to take further action to receive the modified consent fee [10] - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [11]
DPL LLC Announces Amendments to and Further Extension of Consent Solicitation
Prnewswire· 2026-03-16 12:30
DPL LLC Announces Amendments to and Further Extension of Consent Solicitation Accessibility StatementSkip Navigation DAYTON, Ohio, March 16, 2026 /PRNewswire/ -- DPL LLC (f/k/a DPL Inc.) ("DPL") today announced that it is amending and extending its previously announced solicitation of consents (the "Consent Solicitation") from registered holders (the "Holders") of its 4.35% Senior Notes due 2029 (the "Notes") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Not ...
AES Announces Amendments to and Further Extension of Consent Solicitations
Prnewswire· 2026-03-16 12:30
AES Announces Amendments to and Further Extension of Consent Solicitations Accessibility StatementSkip Navigation ARLINGTON, Va., March 16, 2026 /PRNewswire/ -- The AES Corporation ("AES") (NYSE: AES) today announced that it is amending and extending each of its previously announced solicitations of consents (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") from registered holders (the "Holders") of its 5.450% Senior Notes due 2028, 3.950% Senior Notes due 2030, 2.450% Senior N ...
DPL LLC Announces Extension of Expiration Time for Previously Announced Consent Solicitation
Prnewswire· 2026-03-12 12:30
Core Viewpoint - DPL LLC has extended the expiration time for its consent solicitation regarding its 4.35% Senior Notes due 2029 to 5:00 p.m. on March 13, 2026, maintaining the original terms of the solicitation [1][2]. Group 1: Consent Solicitation Details - The expiration time for the consent solicitation was initially set for March 11, 2026, and has now been extended without any changes to the terms [1]. - Holders of the Notes who have already delivered valid consents do not need to take further action due to this extension [1]. - The consent solicitation is being conducted according to the terms outlined in the consent solicitation statement dated March 5, 2026, which remains unchanged except for the expiration time [1]. Group 2: Company Background - DPL LLC is a regional energy provider and part of the AES Corporation, with primary subsidiaries including The Dayton Power and Light Company and Miami Valley Insurance Company [1]. - The Dayton Power and Light Company serves over 541,000 customers across a 6,000-square-mile area in West Central Ohio [1]. - AES Corporation is a Fortune 500 global energy company focused on delivering innovative energy solutions [1].
GlobalFoundries Announces Pricing of Public Secondary Offering and Concurrent Share Repurchase
Globenewswire· 2026-03-12 02:18
Core Viewpoint - GlobalFoundries (GF) is conducting a secondary public offering of 20 million ordinary shares at a price of $42.00 per share, alongside a $300 million share repurchase from the Selling Shareholder, Mubadala Technology Investment Company [1][2][3] Group 1: Offering Details - The offering consists of 20 million ordinary shares priced at $42.00 each, with an additional 3 million shares available for underwriters to purchase within 30 days [1] - The offering is expected to close on March 13, 2026, pending customary closing conditions [1] - GF will not sell any shares in this offering and will not receive any proceeds from the sale [2] Group 2: Share Repurchase - GF has agreed to repurchase $300 million of the Selling Shareholder's ordinary shares at the same price as the public offering [3] - This repurchase is part of a broader $500 million share repurchase authorization approved by GF's Board of Directors in February 2026 [3] - The closing of the share repurchase is contingent upon the closing of the offering, but not vice versa [3] Group 3: Underwriters - J.P. Morgan and Morgan Stanley are the lead book-running managers for the offering, with several other financial institutions acting as active and co-managers [4] Group 4: Company Overview - GlobalFoundries is a leading semiconductor manufacturer, providing essential products for various high-growth markets including automotive and IoT [7] - The company emphasizes innovation and partnerships to deliver high-performance, power-efficient products [7]
Sallie Mae Announces $200 million Accelerated Share Repurchase
Businesswire· 2026-03-09 12:30
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) formally SLM Corporation, today announced that it has entered into a $200 million accelerated share repurchase ("ASR†) agreement with Goldman Sachs & Co. LLC ("Goldman Sachs†). The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae's Board of Directors, effective Jan. 22, 2026. "Following our fourth-quarter earnings announcement, pursuant to our $500 million s. ...
Jim Cramer has one-word response to new Robinhood IPO
Yahoo Finance· 2026-03-06 17:43
Core Viewpoint - Jim Cramer, a prominent market commentator, has reacted to the IPO of Robinhood Ventures Fund I, highlighting its novelty in allowing retail investors access to venture capital-style investments through a publicly traded fund [5][7]. Company Overview - Robinhood Markets, founded in 2013 by Stanford graduates, is an e-trading platform known for its crypto and tokenized stock offerings. The company went public in 2021 and joined the S&P 500 index in September 2022 [3][4]. - Robinhood Ventures, a subsidiary of Robinhood Markets, is a registered investment adviser with the SEC [3]. IPO Details - Robinhood Ventures Fund I announced its IPO on March 6, pricing 12,615,608 common shares at $25 each, aiming to raise $658.4 million, potentially increasing to $705.7 million if underwriters exercise their option for additional shares [4][5]. - The shares are set to trade on the NYSE under the symbol "RVI" from March 6 to March 9, with Goldman Sachs acting as the sole bookrunner [5]. Fund Composition - The fund's composition includes investments in various companies, such as: - Databricks (23.24%) - Revolut (14.30%) - Mercor (14.23%) - Airwallex (7.11%) - Boom Supersonic (7.11%) - Oura (7.11%) - Ramp (7.11%) - Cash and cash equivalents (19.78%) [6]. Market Impact - The fund aims to disrupt traditional investment practices by enabling retail investors to invest in private companies, which were previously accessible mainly to venture capital funds and high net-worth individuals [7].
HONEYWELL ANNOUNCES LAUNCH OF HONEYWELL AEROSPACE'S OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF
Prnewswire· 2026-03-06 13:55
Core Viewpoint - Honeywell Aerospace is launching a private offering of senior notes totaling up to $16 billion as part of its planned spin-off from Honeywell, expected to be completed in Q3 2026 [1] Group 1: Offering Details - Aerospace has initiated a private offering of senior notes with an aggregate principal amount of up to $16 billion [1] - The offering includes a five-year senior unsecured revolving credit facility of $3 billion and a 364-day senior unsecured revolving facility of $1 billion [1] - Proceeds from the offering will be used for cash distribution to Honeywell, fees related to the spin-off, and general corporate purposes [1] Group 2: Notes Structure - The notes will be senior unsecured obligations of Aerospace, guaranteed by Honeywell until the spin-off is completed [1] - Upon completion of the spin-off, Honeywell will be released from all obligations under its guarantees automatically [1] - The notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers [1] Group 3: Company Background - Honeywell Aerospace Inc. is a leading global supplier in aerospace and defense, providing critical systems and technologies for various markets [1] - The company’s portfolio includes segments such as Electronic Solutions, Engines & Power Systems, and Control Systems [1] - Honeywell operates across multiple industries, offering solutions for aerospace, building automation, and industrial automation [1]
Robinhood Ventures Fund I (RVI) Announces Pricing of Initial Public Offering
Globenewswire· 2026-03-06 11:00
Group 1 - Robinhood Ventures Fund I (RVI) has priced its initial public offering (IPO) at $25.00 per share, totaling $658.4 million, with a potential increase to $705.7 million if the underwriter's option is fully exercised [2][3] - The IPO consists of 12,615,608 common shares, all offered by RVI, and is expected to begin trading on the New York Stock Exchange (NYSE) under the symbol RVI on March 6, 2026, with the offering closing on March 9, 2026, pending customary closing conditions [2][3] - RVI has granted the underwriter a 30-day option to purchase an additional 1,892,341 common shares [3] Group 2 - RVI is a closed-end fund that provides retail investors with exposure to a concentrated portfolio of private companies [3][7] - Goldman Sachs & Co. LLC is acting as the sole bookrunner for the offering [3] - A registration statement for the sale of common shares was declared effective by the Securities and Exchange Commission on March 5, 2026 [4]