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The Chemours Company Announces Private Offering of $600,000,000 of Senior Notes Due 2034
Prnewswire· 2026-02-26 13:58
This Source]## Explore[Semiconductors][Computer & Electronics][Chemical][Chemical][News Releases in Similar Topics]---- -- The Chemours Company Announces Private Offering of $600,000,000 of Senior Notes Due 2034 [Accessibility Statement] Skip NavigationWILMINGTON, Del., Feb. 26, 2026 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC) today announced that it intends to offer $600,000,000 aggregate principal amount of new senior notes due 2034 (the "Notes"), subject to market and other conditions. T ...
CNX Resources Corporation Announces Private Offering of $500 Million of Senior Notes
Prnewswire· 2026-02-17 12:52
Core Viewpoint - CNX Resources Corporation announced a private offering of $500 million in senior notes due 2034, alongside a tender offer to purchase its existing 6.000% senior notes due 2029, indicating a strategic move to manage its debt obligations and optimize its capital structure [1]. Group 1: Offering Details - The company intends to offer $500 million of senior notes, which will be guaranteed by all restricted subsidiaries that guarantee its revolving credit facility [1]. - The tender offer aims to purchase any and all of the 2029 Notes that are validly tendered and not withdrawn, with a conditional notice to redeem any remaining 2029 Notes not purchased [1]. - The net proceeds from the sale of the notes will be used to fund obligations under the tender offer and, if necessary, to redeem any outstanding 2029 Notes [1]. Group 2: Financial Position - As of December 31, 2025, CNX Resources had 9.7 trillion cubic feet equivalent of proved natural gas reserves, highlighting its substantial asset base in the energy sector [1]. - The company is positioned as a premier, ultra-low carbon intensive natural gas development and production company, emphasizing its commitment to responsible resource development and long-term shareholder value [1]. Group 3: Regulatory and Market Context - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons in compliance with relevant regulations [1]. - The offering is subject to market and other conditions, indicating a strategic approach to capital raising in a potentially volatile market environment [1].
BioMarin Announces Closing of Private Offering of Senior Notes
Prnewswire· 2026-02-12 21:05
Core Viewpoint - BioMarin Pharmaceutical Inc. has successfully closed an offering of $850 million in senior unsecured notes to finance the acquisition of Amicus Therapeutics, Inc. and related expenses [1] Financing Details - The offering consists of 5.500% senior unsecured notes due in 2034, priced at 100.000% [1] - BioMarin plans to utilize the net proceeds from the notes, along with $2 billion from a new senior secured term loan "B" facility and $800 million from a senior secured term loan "A" facility, to fund the acquisition [1] - Additionally, a $600 million senior secured revolving credit facility is expected to be established in connection with the acquisition [1] Acquisition Context - The gross proceeds from the notes will be held in an escrow account until the acquisition is completed [1] - If the acquisition is not finalized by December 19, 2026, BioMarin must redeem the notes at their initial issue price plus accrued interest [1] Guarantees and Covenants - The notes are guaranteed by certain subsidiaries of BioMarin, including Amicus and its subsidiaries post-acquisition [1] - The indenture governing the notes includes covenants that restrict BioMarin and its subsidiaries from incurring additional debt, paying dividends, and other financial activities without exceptions [1] Regulatory Compliance - The notes have not been registered under the Securities Act and are offered only to qualified institutional buyers or non-U.S. persons [1]
WSP Announces Private Offering of $1 Billion Aggregate Principal Amount of Senior Unsecured Notes
Globenewswire· 2026-01-20 22:00
Core Viewpoint - WSP Global Inc. has announced a $1 billion offering of senior unsecured notes to fund the acquisition of TRC Companies and for general corporate purposes [1][4]. Group 1: Offering Details - The offering consists of $500 million of 4.003% senior unsecured notes due January 22, 2032, and $500 million of 4.586% senior unsecured notes due January 22, 2036 [1][3]. - The notes will bear interest payable semi-annually, starting July 22, 2026 [3]. - The offering is expected to close on or about January 22, 2026, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds will be used to partially fund the acquisition of TRC Companies and reduce amounts to be advanced under a credit agreement [4]. - If the acquisition does not close, proceeds will be used for the repayment of existing indebtedness, including the redemption of the 2036 Notes [4]. Group 3: Redemption Conditions - The 2036 Notes will be subject to a special mandatory redemption if the acquisition is not completed by June 15, 2026, or if the merger agreement is terminated [5]. Group 4: Financial Obligations - The notes will rank pari passu with all existing and future senior unsecured indebtedness of WSP [6]. - The notes have been assigned a provisional rating of BBB (high) with a stable trend by DBRS Limited [6]. Group 5: Company Overview - WSP is a leading professional services firm operating in over 50 countries with approximately 75,000 professionals [12]. - The company specializes in engineering, advisory, and science-based expertise across various sectors including transportation, infrastructure, and energy [12].
Bristow Group Announces Private Offering of $400 Million Senior Secured Notes and Satisfaction and Discharge of 6.875% Senior Secured Notes Due 2028
Prnewswire· 2026-01-13 14:15
Core Viewpoint - Bristow Group Inc. has initiated a private offering of $400 million in senior secured notes due 2033, subject to market conditions and other factors [1] Group 1: Offering Details - The notes will pay interest semi-annually and will be guaranteed by the Company's existing material, wholly owned domestic subsidiaries and certain foreign subsidiaries, as well as future subsidiaries [2] - The notes will be secured by first-priority liens on collateral, including approximately 70 pledged aircraft and other tangible and intangible property assets of the Company and subsidiary guarantors [2] - The offering is targeted at qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and will not be registered under the Securities Act [4][5] Group 2: Use of Proceeds - The net proceeds from the offering will be deposited with the trustee to redeem the 6.875% Senior Secured Notes due 2028 in full on March 1, 2026, and to cover all related payments [3] - As of September 30, 2025, approximately $397 million of the 2028 Notes remained outstanding, and the redemption is contingent upon the successful completion of the financing transaction [6] Group 3: Company Overview - Bristow Group Inc. is a leading global provider of vertical flight solutions, primarily serving offshore energy companies and government entities [8] - The Company offers various aviation services, including personnel transportation, search and rescue, medevac, and fixed-wing transportation [8] - Bristow operates in multiple countries, including Australia, Brazil, Canada, and the United States, among others [9]
Belden Announces €450 Million Private Offering of Senior Subordinated Notes
Businesswire· 2026-01-12 07:30
Core Viewpoint - Belden Inc. intends to offer €450 million in senior subordinated notes due 2033 to fund the redemption of its existing 3.375% senior notes, subject to market conditions [1] Group 1: Company Actions - The company plans to conduct a private offering of €450 million in aggregate principal amount of senior subordinated notes [1] - The net proceeds from the notes offering will be used alongside cash on hand to fully redeem its existing 3.375% senior notes [1] Group 2: Financial Details - The notes are due in 2033, indicating a long-term financing strategy [1] - The offering is contingent upon market conditions, suggesting a strategic approach to capital management [1]
Genmab Announces Closing of Private Offering of Senior Secured Notes and Senior Unsecured Notes
Globenewswire· 2025-12-03 20:03
Core Viewpoint - Genmab A/S has successfully closed an offering of $1.5 billion in senior secured notes and $1.0 billion in senior unsecured notes to fund the acquisition of Merus N.V. and related expenses [1][2]. Group 1: Offering Details - The offering includes $1.5 billion of 6.250% senior secured notes due 2032 and $1.0 billion of 7.250% senior unsecured notes due 2033 [1]. - The net proceeds from the offering will be used alongside new credit facilities totaling $3.5 billion to finance the acquisition of Merus N.V. and associated costs [2]. Group 2: Security and Guarantees - Prior to the acquisition closing, the notes will be secured by segregated accounts holding the gross proceeds [3]. - After the acquisition, the secured notes will be backed by a first priority security interest in certain assets of Genmab and its subsidiaries [3]. Group 3: Covenants and Restrictions - The indentures governing the notes include customary covenants that restrict Genmab and its subsidiaries from incurring additional debt, paying dividends, and engaging in significant asset disposals or mergers [4]. Group 4: Regulatory Compliance - The notes have not been registered under the Securities Act and are offered only to qualified institutional buyers or non-U.S. persons outside the United States [5].
X @The Block
The Block· 2025-11-26 15:39
Financial Activities - Upexi, a Nasdaq-listed company, prices up to $23 million in private offerings [1] Cryptocurrency Market - Solana treasuries experience volatility alongside crypto markets [1]
Plug Power Inc. Announces Private Offering of $375 Million of Convertible Senior Notes
Globenewswire· 2025-11-18 21:01
Core Viewpoint - Plug Power Inc. plans to offer $375 million in Convertible Senior Notes due 2033, with an option for an additional $56.25 million, to qualified institutional buyers, subject to market conditions [1][5] Group 1: Offering Details - The offering will be conducted under Rule 144A of the Securities Act of 1933, and the completion of the offering is uncertain [1][5] - The notes will be unsecured obligations of Plug Power, ranking senior to future subordinated debts and equal to existing liabilities, but junior to secured debts [4] Group 2: Use of Proceeds - Approximately $243 million of the net proceeds will be used to repay the outstanding principal and interest on 15.00% secured debentures, along with related termination fees [2] - Remaining proceeds will fund the repurchase of existing 7.00% Convertible Senior Notes due 2026 and for general corporate purposes [2] Group 3: Note Repurchase Transactions - Plug Power intends to negotiate cash repurchase transactions for the 2026 notes with holders, with terms dependent on market conditions [3] - The repurchase activities may influence the market price of Plug Power's common stock [3]
Genmab Announces Pricing of Private Offering of Senior Secured Notes and Senior Unsecured Notes and Completion of Syndication of New Senior Secured Term Loan Facility
Globenewswire· 2025-11-18 21:01
Core Points - Genmab A/S announced the pricing of $1.5 billion of 6.250% senior secured notes due 2032 and $1.0 billion of 7.250% senior unsecured notes due 2033, with an issue price of 100.000% [1] - The company has completed the syndication of a new $2.0 billion senior secured term loan "B" facility, in addition to existing credit facilities [2] - The net proceeds from the notes offering will be used to fund the acquisition of Merus N.V. and related expenses [3] Financing Details - The total financing includes $1.5 billion in secured notes and $1.0 billion in unsecured notes, alongside a $2.0 billion senior secured term loan "B" facility [1][2] - The secured notes will be backed by segregated accounts prior to the acquisition closing, and will later be secured by a first priority interest in certain assets of Genmab and its subsidiaries [4] - The indentures governing the notes will include covenants that restrict Genmab and its subsidiaries from incurring additional debt and other financial activities [5] Regulatory Information - The notes have not been registered under the Securities Act and are available only to qualified institutional buyers or non-U.S. persons [6] - The offering does not constitute an offer to sell or a solicitation of an offer to purchase any securities [7]