Shore Bancshares, Inc. Announces Extension of Exchange Offer for its 6.25% Fixed-to-Floating Rate Subordinated Notes Due 2035 [Accessibility Statement] Skip NavigationEASTON, Md., Feb. 19, 2026 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the holding company for Shore United Bank, N.A. (the "Bank"), today announced that it had extended its offer (the "Exchange Offer") to exchange up to $60.0 million aggregate principal amount of its outstanding 6.25% Fixed-to-Floating Rate Subordin ...

Core Viewpoint - Gran Tierra Energy Inc. has announced the early participation results of its Exchange Offer to exchange its outstanding 9.500% Senior Secured Amortizing Notes due 2029 for newly issued 9.750% Senior Secured Amortizing Notes due 2031, with significant participation from eligible holders [1][2]. Group 1: Exchange Offer Details - The Exchange Offer involves exchanging US$716.34 million of Existing Notes, with US$636.74 million (approximately 88.89%) validly tendered by the Early Participation Deadline [2]. - The Company received consents from holders representing at least 66-2/3% of the Existing Notes, allowing for proposed amendments to the indenture, which will become operative upon the consummation of the Exchange Offer [3]. - The Exchange Offer will expire on February 27, 2026, unless extended or terminated earlier by the Company [7]. Group 2: Consideration and Payments - Eligible Holders who tendered Existing Notes by the Early Participation Deadline will receive a Total Consideration of US$1,000 per US$1,000 aggregate principal amount of Existing Notes, including a US$50 Early Participation Premium [5]. - The total cash consideration for all validly tendered Existing Notes is expected to be US$125 million, with each holder potentially receiving approximately US$196.31 in cash and US$803.69 in New Notes for each US$1,000 of Existing Notes tendered [6]. - The Company will not receive cash proceeds from the issuance of the New Notes, and the Existing Notes tendered will be cancelled [12]. Group 3: Amendments and Conditions - Proposed amendments include the elimination of restrictive covenants and the release of collateral securing the Existing Notes [3]. - The Company expects to accept all validly tendered Existing Notes by the Early Participation Deadline, subject to certain conditions being met, including a minimum exchange condition of 80% of Existing Notes [11]. - The definition of Accrued Interest has been amended to deduct accrued interest on the New Notes from the Early Settlement Date to the Settlement Date [9].

Core Viewpoint - Gran Tierra Energy Inc. has amended its Exchange Offer for the outstanding 9.500% Senior Notes due 2029, proposing to exchange them for newly issued 9.750% Senior Secured Amortizing Notes due 2031, with modifications to cash consideration, coupon rate, amortization schedule, and covenants [1][2]. Group 1: Exchange Offer Details - The Exchange Offer includes modifications to the Cash Consideration, an increase in the coupon rate of the New Notes to 9.750%, and the addition of a new guarantor and collateral [2]. - The Company is soliciting consents from Eligible Holders of Existing Notes to effect proposed amendments to the Existing Indenture, which would eliminate most restrictive covenants and release collateral securing the Existing Notes [3]. - The obligation to accept Existing Notes is subject to conditions including the valid receipt of consents from at least 66-2/3% of Existing Notes and the tender of at least 80% of Existing Notes [4]. Group 2: Cash Consideration and Participation - The Cash Consideration for Eligible Holders whose Existing Notes are validly tendered is set at US$125.0 million [6]. - The pro rata portion of the Cash Consideration will vary based on the total amount of Existing Notes tendered, with examples provided for different participation levels [8]. - Eligible Holders who tender after the Early Participation Deadline will receive US$950 in New Notes for each US$1,000 of Existing Notes [9]. Group 3: Interest and Settlement - Eligible Holders whose Existing Notes are accepted for exchange will receive accrued and unpaid interest from the last payment date to the Early Settlement Date or Settlement Date [10]. - Interest will cease to accrue on the Early Settlement Date or Settlement Date for all Existing Notes accepted for exchange [10]. Group 4: Additional Information - The Exchange Offer is being made only to holders who are "qualified institutional buyers" in the U.S. and non-U.S. qualified offerees outside the U.S. [13]. - The Company will not receive cash proceeds from the issuance of the New Notes, and Existing Notes surrendered will be cancelled [12].

Core Viewpoint - NewtekOne, Inc. has extended the expiration date for its Exchange Offer of outstanding 5.50% Notes due 2026 to January 23, 2026, allowing additional time for holders to exchange their Old Notes for newly issued 8.50% Fixed Rate Senior Notes due 2031 [1][2]. Group 1: Exchange Offer Details - The Exchange Offer will now expire at 5:00 p.m. Eastern time on January 23, 2026, unless further extended or terminated [2]. - To participate in the Exchange Offer, Old Notes must be validly tendered and not withdrawn by the Expiration Date [2]. - The settlement date for the Exchange Offer is expected to be January 28, 2026, following the Expiration Date [2]. Group 2: Interest Payment Information - Holders of Old Notes as of the January 15, 2026 record date will receive the final interest payment before the scheduled maturity on February 1, 2026, regardless of whether they participate in the Exchange Offer [3]. - The first interest payment on the New Notes will be net of the interest paid on the Old Notes from the Settlement Date to the February 1, 2026 interest payment date of the New Notes [3]. Group 3: Exchange Offer Conditions - All other terms of the Exchange Offer remain unchanged, with the only modification being the extended Expiration Date [4]. - U.S. Bank Trust Company, National Association is the Exchange Agent, while Alliance Advisors serves as the Information Agent, and Lucid Capital Markets, LLC is the Dealer Manager for the Exchange Offer [5].

Core Viewpoint - FirstEnergy Transmission, LLC has extended its exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033, allowing holders to exchange for registered New Notes under the Securities Act [1][2]. Group 1: Exchange Offer Details - The exchange offer was initially set to expire on January 7, 2026, but has been extended to January 21, 2026 [2]. - As of the original expiration date, approximately $449.48 million, or 99.88%, of the Outstanding Notes were tendered in the exchange offer [2]. Group 2: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [4]. - The company's transmission subsidiaries manage around 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [4].

MCLEAN, Va., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its offer to investors to exchange certain eligible Gold PCs and Giant PCs for TBA-eligible and non-TBA-eligible mirror securities will close on December 18, 2026. Freddie Mac announced the opening of the exchange offer on May 7, 2019. Investors can refer to the Exchange Offer Circular (available at Legal Documentation - Capital Markets) for the terms and conditions pertaining to the exchange offer. Additional info ...

Core Points - FirstEnergy Transmission, LLC announced an exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033 for an equal amount of registered New Notes [1] - The exchange offer will expire on January 7, 2026, at 5:00 p.m. New York City time, unless extended [2] - The exchange offer is made to fulfill obligations under a registration rights agreement and does not represent a new financing transaction [2] Exchange Offer Details - The terms of the exchange offer are outlined in a prospectus dated December 5, 2025, which is available from the exchange agent, U.S. Bank Trust Company [3] - The exchange offer is being conducted in accordance with the Securities Act of 1933 and has been filed with the Securities and Exchange Commission [3]

Core Viewpoint - NewtekOne, Inc. is initiating an Exchange Offer to exchange its outstanding 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031, aiming to provide existing holders with an opportunity to continue their investment in the company's senior notes [1][5]. Group 1: Exchange Offer Details - The Exchange Offer involves exchanging $95.0 million aggregate principal amount of Old Notes for an equal principal amount of New Notes, with each $25 principal amount of Old Notes exchanged for $25 principal amount of New Notes [2]. - The New Notes will mature on February 1, 2031, and will bear an interest rate of 8.50% per annum, payable quarterly starting February 1, 2026 [3]. - The Exchange Offer will expire at 5:00 p.m. New York City time on January 9, 2026, unless extended or terminated earlier [3]. Group 2: Conditions and Purpose - The consummation of the Exchange Offer is contingent upon at least 10% of the aggregate principal amount of Old Notes being validly tendered and not withdrawn [4]. - The purpose of the Exchange Offer is to allow holders of the Old Notes, which mature on February 1, 2026, to continue holding NewtekOne senior notes [5]. Group 3: Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States [11]. - The company's services include banking, business lending, electronic payment processing, and technology solutions, among others [12].

Core Points - Lennar Corporation is proceeding with an Exchange Offer to exchange approximately 20% of its total outstanding shares of Millrose Properties, Inc. for outstanding shares of Lennar Class A common stock, set to expire on November 21, 2025 [1][2] - Millrose has requested the acceleration of the effectiveness of its registration statement with the SEC, which is necessary for the completion of the Exchange Offer [2] - If the SEC does not declare the registration statement effective by the expiration date, Lennar may need to extend or terminate the Exchange Offer [2] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable, move-up, and active adult homes [3] - The company also provides financial services, including mortgage financing and title services, primarily for its homebuyers, and develops high-quality multifamily rental properties [3] Additional Information - The Exchange Offer is made solely by the Prospectus, which contains important information about the offer and the companies involved [6][7] - Holders of Lennar Class A common stock can access the Prospectus and related documents free of charge on the SEC's website [8]

Core Viewpoint - Lennar Corporation is extending the expiration date of its Exchange Offer for shares of Millrose Properties, Inc. due to the ongoing U.S. federal government shutdown, which has prevented the SEC from declaring registration statements effective [1][10]. Exchange Offer Details - The Exchange Offer, initially set to expire on November 14, 2025, has been extended to November 21, 2025 [1]. - The Exchange Offer involves Lennar exchanging approximately 20% of its shares in Millrose for outstanding shares of Lennar Class A common stock [1]. - Completion of the Exchange Offer is contingent upon the SEC declaring the Registration Statement effective, which is currently delayed due to the government shutdown [1][2]. Future Announcements - If the government shutdown persists past November 14, 2025, Lennar will announce whether it will further extend the Exchange Offer or terminate it by 11:59 p.m. on that date [2]. Company Background - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable and active adult homes [3]. - The company also provides mortgage financing and develops multifamily rental properties nationwide [3].