Core Points - First Quantum Minerals Ltd. has initiated a cash tender offer for its outstanding 9.375% Senior Secured Second Lien Notes due 2029, with a maximum aggregate principal amount of up to $250 million [1][3] - The company has successfully priced and upsized a concurrent offering of $1 billion aggregate principal amount of senior notes due 2034, with part of the proceeds intended for the tender offer [2] Tender Offer Details - The tender offer will expire at 5:00 PM, New York City time, on September 3, 2025, with an early tender time set for August 19, 2025 [3] - Holders who tender their notes by the early tender time will receive a total consideration of $1,066.25 per $1,000 principal amount, which includes a $50 early tender premium [3][4] - After the early tender time, holders will receive $1,016.25 per $1,000 principal amount of notes tendered [3][4] Financial Information - The maximum tender amount is set at $250 million, which does not include accrued interest [5][7] - Notes purchased in the tender offer will also include accrued and unpaid interest from the last payment date to the settlement date [6] - The tender offer is not conditioned on a minimum amount of notes being tendered but may be subject to proration if the total tendered exceeds the maximum amount [7] Conditions and Settlement - The consummation of the tender offer is subject to certain conditions, including the successful pricing and closing of the new notes offering [8] - Early settlement for notes tendered by the early tender time is expected to occur two business days after that time, while final settlement for notes tendered after the early tender time is expected two business days after the expiration time [9]

Core Points - First Quantum Minerals Ltd. has initiated a cash Tender Offer for its outstanding 9.375% Senior Secured Second Lien Notes due 2029, with a maximum aggregate principal amount of up to $250 million [1][6] - The company has successfully priced and upsized a concurrent offering of $1 billion aggregate principal amount of senior notes due 2034, with part of the proceeds intended for the Tender Offer [2] Tender Offer Details - The Tender Offer will expire on September 3, 2025, at 5:00 PM New York City time, with an Early Tender Time set for August 19, 2025 [3] - Holders who tender their Notes by the Early Tender Time will receive a Total Consideration of $1,066.25 per $1,000 principal amount, which includes a $50 Early Tender Premium [3][4] - After the Early Tender Time, holders will receive a Tender Consideration of $1,016.25 per $1,000 principal amount [3][4] Financial Information - The maximum amount of Notes that can be purchased in the Tender Offer is $250 million, and the offer is not conditioned on a minimum amount being tendered [6] - Notes purchased in the Tender Offer will also include accrued and unpaid interest from the last interest payment date to the settlement date [5] Conditions and Settlement - The consummation of the Tender Offer is subject to certain conditions, including the successful pricing and closing of the New Notes [7][9] - Early settlement for Notes tendered by the Early Tender Time is expected to occur two business days after that time, while final settlement for later tenders is expected two business days after the Expiration Time [10]

Core Viewpoint - abrdn Japan Equity Fund, Inc. has initiated a cash tender offer to purchase up to 7,072,985 shares, which is approximately 50% of its outstanding shares, at a price equal to 98% of the Fund's net asset value (NAV) per share [1] Group 1 - The tender offer commenced on August 1, 2025, and will expire on September 2, 2025, unless extended [1] - Payment for the tender offer is expected to be made around September 12, 2025, following the expiration date [1] - If more than 7,072,985 shares are tendered, the Fund will prioritize purchasing shares from stockholders who own 99 shares or fewer, before purchasing the remaining shares on a pro rata basis [2] Group 2 - The tender offer will be conducted only through the Offer to Purchase and the related Letter of Transmittal, which stockholders are advised to read carefully [4] - Stockholders who do not receive the tender offer materials can contact EQ Fund Solutions, LLC for assistance [3] - The Fund's daily NYSE closing price and NAV, along with other performance information, can be accessed through the Fund's website or by contacting Investor Services [7]

Core Viewpoint - abrdn Japan Equity Fund, Inc. has initiated a cash tender offer to purchase up to 7,072,985 shares, which is approximately 50% of its outstanding shares, at a price equal to 98% of the Fund's net asset value (NAV) per share [1][2]. Group 1 - The tender offer commenced on August 1, 2025, and will expire on September 2, 2025, unless extended [1]. - Payment for the tender offer is expected to be made around September 12, 2025, following the expiration date [1]. - If more than 7,072,985 shares are tendered, the Fund will prioritize purchasing shares from stockholders who own 99 shares or fewer, before purchasing the remaining shares on a pro rata basis [2]. Group 2 - The Fund's tender offer materials will be mailed to record holders of shares on or about August 1, 2025 [3]. - Stockholders who do not receive the tender offer materials can contact EQ Fund Solutions, LLC for assistance [3]. - The tender offer will only be valid in jurisdictions where it does not violate local laws [4].

Core Points - abrdn Japan Equity Fund, Inc. has announced the results of its annual general meeting and special meeting, where stockholders approved the reorganization into abrdn Global Infrastructure Income Fund [1] - The reorganization involves transferring all assets of the Fund to the Acquiring Fund in exchange for newly issued common shares, with cash potentially distributed for fractional shares [2] - A cash tender offer will be conducted prior to the reorganization to purchase up to 50% of the issued shares at 98% of the Fund's net asset value [3] - The reorganization is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions [4] - During the Annual Meeting, stockholders voted on the election of two Class II Directors and the continuation of one Class I Director [4][5] Voting Results - At the Special Meeting, 74.7% of outstanding shares were voted, with 10,016,314 votes in favor of the reorganization and 528,477 votes against [2][3] - In the election for Class II Directors, Alan Goodson received 12,223,657 votes for and Rose DiMartino received 12,211,238 votes for [5]

Core Viewpoint - Rogers Communications Inc. has announced cash offers to purchase outstanding notes up to a maximum of US$1,250,000,000, with specific terms and conditions outlined in the Offer to Purchase [1][2][10] Summary by Relevant Sections Offer Details - The Offers are subject to the terms and conditions set forth in the Offer to Purchase dated July 11, 2025, and the notice of guaranteed delivery [2] - The Offers will expire at 5:00 p.m. (Eastern time) on July 18, 2025, unless extended or terminated earlier [5] - Holders can withdraw their notes at any time before the expiration date [5] Total Consideration - The Total Consideration for each series of notes has been specified, with the highest being US$814.59 for the 4.350% Senior Notes due 2049 [3][4] - The Total Consideration is calculated based on the reference yield and spread over U.S. Treasury securities [4] Acceptance Priority Levels - Notes will be accepted based on the Acceptance Priority Levels, with no proration for any series of notes accepted [1][10] - The company reserves the right to increase or waive the Consideration Cap Amount at its discretion [10] Payment and Settlement - Holders whose notes are accepted will receive the Total Consideration in cash on the Settlement Date, expected to be July 23, 2025 [7][8] - In addition to the Total Consideration, holders will receive accrued and unpaid interest up to the Settlement Date [9] Dealer Managers and Agents - BofA Securities, Citigroup Global Markets, Mizuho Securities, and Wells Fargo Securities are acting as joint lead dealer managers for the Offers [11] - D.F. King & Co., Inc. is the Information and Tender Agent for the Offers [12] Company Overview - Rogers Communications Inc. is a leading communications and entertainment company in Canada, publicly traded on the TSX and NYSE [21]

Core Viewpoint - Unisys Corporation is conducting a tender offer to purchase its outstanding 6.875% Senior Secured Notes due 2027, with early results indicating a high participation rate from noteholders [1][5]. Tender Offer Highlights - As of June 25, 2025, 98.98% of the total $485 million principal amount of the Notes has been validly tendered [3][5]. - The total consideration for the Notes accepted for purchase is $1,006.25 per $1,000 principal amount, which includes an early tender premium of $30 [3][5]. - The early settlement date for the tendered Notes is expected to be June 27, 2025 [5]. Proposed Amendments - The company has received the necessary consents to adopt proposed amendments to the indenture governing the Notes, which will eliminate most restrictive covenants and certain default events [5][9]. - The amendments will also release all collateral securing the Notes and modify other provisions in the indenture [5][9]. Financing Transaction - Concurrently, the company plans to amend its existing asset-based revolving credit facility and issue $700 million of Senior Secured Notes due 2031 [8]. - Proceeds from this financing transaction will be used to pay for the tendered Notes and related expenses [8]. Additional Information - Holders can continue to tender their Notes until July 11, 2025, with a final settlement date expected on July 14, 2025 [10]. - The terms and conditions of the tender offer and consent solicitation are detailed in an Offer to Purchase and Consent Solicitation Statement dated June 11, 2025 [11].

Core Viewpoint - CMS Energy Corporation announced the pricing terms for a cash tender offer for up to $147.095 million aggregate principal amount of bonds issued by Consumers Energy Company, with the terms remaining largely unchanged from the previous announcement [1][5]. Tender Offer Details - The Total Consideration offered per $1,000 principal amount of the Bonds validly tendered is based on the reference yield plus a fixed spread, with an early tender payment of $30 included [2][4]. - The early tender date was set for June 17, 2025, and the tender offer is scheduled to expire on July 3, 2025 [7][8]. - CMS Energy intends to pay for the accepted Bonds using cash on hand, and the purchase will be subject to the satisfaction of all conditions outlined in the Offer to Purchase [5][6]. Bond Information - The Bonds involved in the tender offer include a 2.500% First Mortgage Bonds due in 2060, with a total consideration of $565.15 per $1,000 principal amount [3][4]. - The offer is subject to an Aggregate Tender Cap of $147.095 million, and no other series of bonds issued by Consumers will be purchased under this tender offer [3][6]. Payment and Settlement - Payments for Bonds purchased will include accrued and unpaid interest up to the early settlement date, currently scheduled for June 23, 2025 [7]. - The withdrawal deadline for the tendered Bonds was also set for June 17, 2025, after which no further withdrawals are allowed except under specific legal circumstances [7][8].

Core Viewpoint - CMS Energy Corporation has announced an upsized cash tender offer for its outstanding bonds, increasing the Aggregate Tender Cap from $125 million to $147.095 million, with a focus on the 2.500% First Mortgage Bonds due 2060 [1][2]. Summary by Sections Tender Offer Details - The Tender Offer is for up to $147.095 million of the 2.500% First Mortgage Bonds due 2060, with this amount being validly tendered and not withdrawn by the Early Tender Date of June 17, 2025 [1][2]. - The Series Tender Cap for the 2060 Bonds has been set at $147.095 million, which is the maximum amount that may be purchased in the Tender Offer [2]. Acceptance and Payment - The acceptance of the 2060 Bonds will depend on the Aggregate Tender Cap and the Series Tender Cap, meaning some bonds may be returned to holders based on overall participation [3]. - Holders of validly tendered 2060 Bonds will receive a Total Consideration, including an early tender payment of $30 per $1,000 principal amount, with accrued interest paid in cash [4]. Timeline and Conditions - The Tender Offer is set to expire on July 3, 2025, and CMS Energy does not expect to accept any bonds tendered after the Early Tender Date due to the exceeded Aggregate Tender Cap [5]. - Acceptance of the bonds is subject to certain conditions outlined in the Offer to Purchase, which CMS Energy may choose to waive at its discretion [6]. Management and Contact Information - U.S. Bancorp Investments, Inc. is the sole lead dealer manager for the Tender Offer, with D.F. King & Co. Inc. acting as the information and tender agent [6].

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].