Private Offering

Search documents
ACM Research's Operating Subsidiary ACM Research (Shanghai) Announces Issuance Report on Private Offering of Ordinary Shares
Globenewswire· 2025-09-24 11:00
Core Viewpoint - ACM Research, Inc. has successfully completed a private offering of ordinary shares through its subsidiary ACM Research (Shanghai), Inc., raising approximately RMB 4.5 billion (around US$630 million) to support its growth initiatives in research and development, capital expenditures, and working capital [2][4]. Group 1: Private Offering Details - ACM Shanghai issued 38,601,326 ordinary shares at a price of RMB 116.11 per share, resulting in gross proceeds of RMB 4.5 billion (approx. US$630 million) and net proceeds of RMB 4.4 billion (approx. US$624 million) after expenses [2]. - The offering was allocated to 17 qualified investors, all of whom subscribed entirely in cash, and the shares will be subject to a six-month lock-up period before trading on the STAR Market [3]. Group 2: Ownership Structure - Following the private offering, ACM's equity interest in ACM Shanghai is expected to decrease to approximately 74.5% from 81.1%, while ACM will continue to be the controlling shareholder [4]. Group 3: Company Overview - ACM Research, Inc. specializes in developing, manufacturing, and selling semiconductor process equipment, including cleaning, electroplating, and packaging tools, aimed at enhancing productivity and product yield in semiconductor manufacturing [6].
Century Communities Announces Launch of Private Offering of $500 Million of Senior Notes due 2033 and Conditional Redemption of 6.750% Senior Notes due 2027
Prnewswire· 2025-09-03 11:38
Core Viewpoint - Century Communities, Inc. has launched a private offering of $500 million in new Senior Notes due 2033 to qualified institutional buyers and certain non-U.S. persons, aiming to redeem its existing 2027 Senior Notes [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of new Senior Notes due 2033 [1]. - The pricing and terms of the Notes are contingent on market conditions [2]. - The Notes will be guaranteed on an unsecured senior basis by certain current and future subsidiaries of the Company [2]. Group 2: Use of Proceeds - The net proceeds from the Offering, along with cash on hand, will be used to redeem all $500 million of the Company's 6.750% Senior Notes due 2027 [3]. - The redemption of the 2027 Senior Notes is scheduled for October 3, 2025, at a price equal to 100% of the principal amount plus accrued interest [6]. Group 3: Redemption Conditions - The obligation to redeem the 2027 Senior Notes is conditional upon the successful completion of the Offering [6]. - If the conditions are not met, the redemption will be revoked, and the 2027 Senior Notes will remain outstanding [6]. Group 4: Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S. and is recognized for its online home sales [8]. - The Company operates in 16 states and over 45 markets, providing a range of services including mortgage and insurance [8]. - It has received accolades such as being named one of America's Most Trustworthy Companies for three consecutive years [8].
Kronos Worldwide, Inc. Announces Private Offering of an Additional €75 Million of 9.50% Senior Secured Notes Due 2029
Globenewswire· 2025-09-03 06:30
Core Viewpoint - Kronos Worldwide, Inc. is raising €75 million through a private offering of additional 9.50% Senior Secured Notes due 2029, which will be issued by its subsidiary, Kronos International, Inc. [1] Group 1: Offering Details - The new Notes will be offered as additional notes to the existing €351,174,000 aggregate principal amount of 9.50% Senior Secured Notes due 2029 issued earlier in 2024 [1] - The Notes will have the same terms as the Existing Notes, except for the issuance date and issue price, and will initially trade under different ISIN and Common Code numbers [1] - The offering is subject to market conditions and the proceeds will be used to pay off existing 3.75% Senior Secured Notes due September 15, 2025, or to repay amounts drawn from a revolving credit facility [3] Group 2: Guarantees and Security - The Notes will be fully guaranteed on a senior basis by the Company and its domestic, wholly-owned subsidiaries, secured by first-priority security interests in certain assets [2] Group 3: Company Overview - Kronos Worldwide, Inc. is a leading global producer of titanium dioxide pigments, serving approximately 3,000 customers in 100 countries, with a significant presence in Europe, North America, and the Asia Pacific region [6]
Centrus Announces Pricing of Oversubscribed and Upsized Private Offering of Zero-Coupon Convertible Senior Notes Due 2032
Prnewswire· 2025-08-14 02:53
Core Viewpoint - Centrus Energy Corp. has announced the pricing of $700 million in 0% Convertible Senior Notes due 2032, increasing the offering size from a previously announced $650 million, with an option for initial purchasers to buy an additional $105 million [1][7]. Group 1: Offering Details - The Notes will not bear regular interest, and special interest will accrue under specific circumstances as described in the offering memorandum [2]. - The Notes will mature on August 15, 2032, unless repurchased, redeemed, or converted earlier [2]. - The conversion rate for the Notes is initially set at 4.3551 shares of Class A common stock per $1,000 principal amount, equating to a conversion price of approximately $229.62 per share, representing a 22.5% premium to the last reported sale price on August 13, 2025 [3]. Group 2: Redemption and Repurchase Rights - Centrus cannot redeem the Notes before August 20, 2029, but may do so thereafter if certain stock price conditions are met [4]. - Holders of the Notes have the right to require Centrus to repurchase their Notes upon the occurrence of a fundamental change at a price equal to 100% of the principal amount plus any accrued special interest [5]. Group 3: Financial Implications - The estimated net proceeds from the Offering are approximately $680 million, or $782.1 million if the option for additional Notes is fully exercised, intended for general corporate purposes [7]. - The Notes will rank senior in right of payment to any subordinated unsecured indebtedness and equal to other unsecured indebtedness, while being junior to secured indebtedness [6]. Group 4: Company Overview - Centrus Energy Corp. is a supplier of nuclear fuel and services for the nuclear power industry, having provided over 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal [10]. - The company is focused on restoring America's uranium enrichment capabilities and producing High-Assay, Low-Enriched Uranium to meet clean energy and national security needs [11].
Century Aluminum Company Announces Pricing of Private Offering of $400 million of Senior Secured Notes
GlobeNewswire· 2025-07-17 02:30
Core Viewpoint - Century Aluminum Company has announced a private offering of $400 million in senior secured notes with a 6.875% interest rate, maturing in August 2032, aimed at refinancing existing debt and repaying borrowings [1][2][3]. Group 1: Offering Details - The Secured Notes will be issued at 100% of their principal amount and will pay interest semi-annually starting February 1, 2026 [2]. - The offering is expected to close on July 22, 2025, subject to customary closing conditions [2]. - The notes will be guaranteed by Century's domestic restricted subsidiaries and secured by liens on substantially all assets, excluding certain properties [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be utilized to refinance the existing 7.50% Senior Secured Notes due 2028, repay borrowings under credit facilities, and cover related fees and expenses [3]. Group 3: Regulatory Information - The Secured Notes are being offered to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and have not been registered under the Securities Act [4].
Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030
Globenewswire· 2025-07-02 20:05
Core Viewpoint - Arbor Realty Trust, Inc. has announced a private offering of $500 million in Senior Notes with a 7.875% interest rate, maturing in 2030, to qualified institutional buyers and non-U.S. persons [1][2] Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 7.875% Senior Notes due 2030 [1] - The Notes will be senior, unsecured obligations of Arbor Realty SR, Inc. and guaranteed by Arbor Realty Trust, Inc. on a senior, unsecured basis [1] - The expected closing date for the offering is July 9, 2025, pending customary closing conditions [1] Group 2: Use of Proceeds - A portion of the net proceeds will be used to refinance, redeem, or repay Arbor's remaining outstanding 7.50% Convertible Notes due 2025 [2] - Any remaining proceeds will be allocated for general corporate purposes [2] Group 3: Company Overview - Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, focusing on loan origination and servicing for multifamily, single-family rental portfolios, and other commercial real estate assets [5] - The company manages a multibillion-dollar servicing portfolio and is a leading lender for government-sponsored enterprise products [5] - Arbor is recognized as a Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and is an approved FHA Multifamily Accelerated Processing (MAP) lender [5]
HighPeak Energy, Inc. Announces Proposed Aggregate $725 Million Private Offering of Senior Notes
Globenewswire· 2025-06-30 12:01
Core Viewpoint - HighPeak Energy, Inc. plans to offer $725 million in senior notes due 2030 to repay existing debt and strengthen its financial position [1][2]. Group 1: Offering Details - The company intends to offer $725 million aggregate principal amount of senior notes in a private placement under Rule 144A and Regulation S of the Securities Act [1]. - The notes will not be registered under the Securities Act and will be issued pursuant to an exemption, limiting their sale to qualified institutional buyers and non-U.S. persons [3][4]. Group 2: Use of Proceeds - The net proceeds from the offering, along with borrowings from a new revolving credit facility, will be used to fully repay the existing term loan credit agreement [2]. Group 3: Company Overview - HighPeak Energy, Inc. is an independent crude oil and natural gas company based in Fort Worth, Texas, focusing on the acquisition, development, exploration, and exploitation of unconventional reserves in the Midland Basin [6].
StoneX Group Inc. Announces Private Offering of $625.0 Million of Senior Secured Notes due 2032
Globenewswire· 2025-06-23 12:56
Core Viewpoint - StoneX Group Inc. announced a private offering of $625 million in Senior Secured Notes due 2032 to fund its proposed acquisition of R.J. O'Brien [1][2] Group 1: Offering Details - The offering will be made by StoneX Escrow Issuer LLC, a wholly-owned subsidiary, and the proceeds will be held in a segregated escrow account until certain conditions are met [2][3] - The Notes will initially be secured only by a senior secured first priority lien on the Escrowed Proceeds and will not be guaranteed until the closing of the Merger [3] - Upon the Merger's closing, the Notes will be fully guaranteed on a senior secured second lien basis by the Company's existing and future subsidiaries [3] Group 2: Use of Proceeds - The proceeds from the offering, along with cash on hand, will be used to pay the purchase price and related fees, costs, premiums, and expenses associated with the Merger [2] Group 3: Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and execution services [7] - The Company is a Fortune-100 entity headquartered in New York City, serving over 54,000 clients and managing more than 400,000 retail accounts across six continents [7]
AMC Networks Announces Proposed Private Offering of $400 Million of Senior Secured Notes due 2032
Globenewswire· 2025-06-17 12:05
Core Viewpoint - AMC Networks Inc. plans to offer $400 million in senior secured notes due 2032 to fund a tender offer and manage corporate debt [1][2]. Group 1: Offering Details - The company intends to offer $400 million aggregate principal amount of senior secured notes in a private offering [1]. - The notes will be guaranteed by existing and future domestic subsidiaries of AMC Networks on a senior secured basis [1]. - The offering is subject to market conditions and will be made under an exemption from the Securities Act of 1933 [3]. Group 2: Use of Proceeds - Net proceeds from the notes offering will be used to fund a tender offer to purchase up to $450 million of outstanding 4.25% Senior Notes due 2029 [2]. - Proceeds will also cover related premiums, fees, and expenses associated with the offering and the tender offer [2]. - Additional funds will be allocated to repurchase or repay other corporate indebtedness [2]. Group 3: Company Overview - AMC Networks is a prominent player in the TV and film industry, offering a variety of streaming services and cable networks [5]. - The company operates several brands, including AMC+, Acorn TV, Shudder, and Sundance Now, among others [5]. - AMC Networks also has an in-house studio and production operation, known for original franchises like The Walking Dead Universe [5].
Unisys Announces Pricing of $700 Million Private Offering of Senior Secured Notes; Net Proceeds to Be Used to Refinance Existing Notes and Partially Fund U.S. Pension Plan
Prnewswire· 2025-06-16 21:45
Core Viewpoint - Unisys Corporation is issuing $700 million in Senior Secured Notes due 2031 to finance a cash tender offer for its existing notes and other corporate purposes [1][3]. Group 1: Senior Secured Notes Offering - Unisys announced the pricing of $700 million aggregate principal amount of Senior Secured Notes due 2031 through a private offering [1]. - The Senior Secured Notes will bear an interest rate of 10.625% per year, payable semiannually starting January 15, 2026 [5]. - The offering is expected to close on June 27, 2025, subject to customary closing conditions [1]. Group 2: Tender Offer and Consent Solicitation - Concurrently, Unisys initiated a cash tender offer to purchase all outstanding $485 million of its 6.875% Senior Secured Notes due November 1, 2027 [2]. - The company is soliciting consents to amend the existing indenture governing the terms of the Existing Notes, aiming to eliminate restrictive covenants and certain events of default [2]. - The Tender Offer and Consent Solicitation are contingent upon the successful completion of the Senior Secured Notes offering [7]. Group 3: Use of Proceeds - The net proceeds from the Senior Secured Notes offering will be used to finance the Tender Offer and Consent Solicitation, redeem remaining Existing Notes, fund a portion of the long-term pension deficit, and for general corporate purposes [3]. Group 4: Security and Guarantees - The Senior Secured Notes will be guaranteed by material domestic subsidiaries of Unisys and secured by liens on substantially all assets of Unisys and the subsidiary guarantors [4].