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AES Announces Extension of Consent Solicitation for its 2028 Notes and Expiration of Consent Solicitations for its 2030 Notes and 2031 Notes
Prnewswire· 2026-03-25 12:30
The Consent Solicitation is being made solely on the terms and subject to the conditions set forth in the consent solicitation statement dated March 5, 2026, as supplemented by the first supplement thereto dated March 16, 2026, and as further supplemented by the second supplement thereto dated March 19, 2026, as amended by this announcement (the "Consent Solicitation Statement"). Holders of the 2028 Notes are referred to the Consent Solicitation Statement for the detailed terms and conditions of the Consent ...
Realty Income and Apollo to Establish Strategic Partnership
Prnewswire· 2026-03-19 20:15
- Funding Arrangement Will Advance Realty Income's Private Capital Initiative with Leading Asset Manager - Initial Apollo Investment of $1.0 Billion for 49% Equity Interest in Portfolio of Existing U.S. Realty Income Retail Assets - Cost-Efficient Long-Term Equity with 100% Permanent Equity Treatment by Rating Agencies SAN DIEGO and NEW YORK, March 19, 2026 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and Apollo (NYSE: APO) today announced that Apollo- m ...
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
Core Viewpoint - DPL LLC is amending and extending its consent solicitation for its 4.35% Senior Notes due 2029, increasing the consent fee and extending the expiration time for the solicitation [1][3]. Group 1: Consent Solicitation Details - The expiration time for the consent solicitation has been extended to 5:00 p.m. New York City time on March 18, 2026 [3]. - The consent fee for holders who grant consents has been increased from $1.00 to $2.50 per $1,000 principal amount of Notes [3][4]. - The payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of Notes outstanding and the consummation of a merger expected in late 2026 or early 2027 [4]. Group 2: Holder Information - Holders who have previously granted consents do not need to take further action to receive the increased consent fee [5]. - Detailed terms and conditions of the consent solicitation can be found in the consent solicitation statement [5]. Group 3: Company Background - DPL LLC is a regional energy provider and part of AES Corporation, serving over 541,000 customers in West Central Ohio [8]. - The primary subsidiaries of DPL include The Dayton Power and Light Company and Miami Valley Insurance Company [8].
AES Announces Amendments to and Further Extension of Consent Solicitations
Prnewswire· 2026-03-16 12:30
Core Viewpoint - AES Corporation is amending and extending its consent solicitations for various series of senior notes to adopt proposed amendments to the indentures governing these notes [1][2]. Summary by Sections Consent Solicitations - AES has extended the expiration time for its consent solicitations to March 18, 2026, at 5:00 p.m. New York City time [2]. - The consent fee for holders who grant consents has increased from $1.00 to $2.50 per $1,000 principal amount of notes [2]. - The definition of "Permitted Holders" in the proposed amendments has been revised [2]. Conditions and Payment - Payment of the increased consent fee is contingent upon obtaining consent from a majority of the aggregate principal amount of the applicable series of notes and the consummation of a merger [3]. - The increased consent fee is expected to be paid concurrently with the merger's consummation, anticipated in late 2026 or early 2027 [3]. Holder Actions - Holders who have already granted consents do not need to take further action to receive the increased consent fee [4]. Agents Involved - Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for the consent solicitations [5].
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
Core Viewpoint - Sallie Mae has announced a $200 million accelerated share repurchase agreement with Goldman Sachs, part of a broader $500 million share repurchase program authorized by its Board of Directors [1] Group 1: Share Repurchase Agreement - The company has entered into a $200 million accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC [1] - The ASR is part of a $500 million share repurchase program that was authorized by Sallie Mae's Board of Directors [1] - The share repurchase program is effective from January 22, 2026 [1]
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].