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Ålandsbanken Abp announces results of the consent solicitation process for its up to SEK 150,000,000 Tier 2 Notes due December 2041 and up to SEK 200,000,000 Tier 2 Notes due March 2043
Globenewswire· 2025-09-29 08:15
Core Viewpoint - Ålandsbanken Abp successfully completed a consent solicitation process to amend the terms of its Tier 2 Notes, with 100% approval from noteholders for the proposed changes [4][5]. Group 1: Consent Solicitation Process - Ålandsbanken announced a consent solicitation for its outstanding SEK 200,000,000 Floating Rate Callable Tier 2 Notes due March 2043 and SEK 150,000,000 Green Floating Rate Tier 2 Notes due December 2041 [3]. - The consent solicitation aimed to remove the write-down mechanisms from the terms and conditions of the Notes [4]. - The Proposal was approved by 100% of the votes cast by holders of both the 2041 and 2043 Notes [4]. Group 2: Financial Details - Noteholders who voted by the Early Deadline will receive a consent fee of 0.10% of the aggregate nominal amount of the Notes they voted for, with payments to be made by October 7, 2025 [5]. - The Proposal is deemed approved as of September 29, 2025, in accordance with the Notices of Procedure in Writing [5]. Group 3: Involvement of Third Parties - Nordea Bank Abp acted as the solicitation agent and tabulation agent for the Procedures in Writing [6]. - Nordic Trustee & Agency AB (publ) served as the verifier of the results of the Procedures in Writing [6].
Ålandsbanken Abp announces a consent solicitation for its up to SEK 150,000,000 Tier 2 Notes due December 2041 and up to SEK 200,000,000 Tier 2 Notes due March 2043 and initiates procedures in writing
Globenewswire· 2025-09-18 09:30
Core Viewpoint - Ålandsbanken Abp is initiating a consent solicitation process for its outstanding Floating Rate Callable Tier 2 Notes, aiming to amend the terms by removing write-down mechanisms to align with regulatory changes [2][3]. Group 1: Consent Solicitation Details - Ålandsbanken is soliciting consent for up to SEK 200,000,000 of 2043 Notes and SEK 150,000,000 of 2041 Notes under its Medium Term Note Programme [2]. - The consent solicitation process allows noteholders to vote for or against the Proposal to amend the terms and conditions of the Notes [3]. - Nordea Bank Abp is acting as the solicitation and tabulation agent for the consent solicitation process [3]. Group 2: Voting and Compensation - Noteholders who vote by the Early Deadline of 26 September 2025 will receive a Consent Fee of 0.10% of the aggregate nominal amount of the Notes voted for [4]. - The payment of the Consent Fee is contingent upon the Proposal being approved by the requisite majority of noteholders [5]. - To participate, noteholders must be registered on a securities account with Euroclear Sweden AB by the Record Date of 25 September 2025 [7]. Group 3: Procedures and Deadlines - Voting forms must be submitted by email to the Solicitation and Tabulation Agent by the Final Voting Deadline of 2 October 2025 [7]. - Results of the Procedures in Writing are expected to be announced on 2 October 2025 [7]. - Detailed terms and conditions of the consent solicitation will be available to noteholders through Nordea [8].
Rocket Companies Announces Cash Tender Offers and Consent Solicitations for Any and All of Nationstar Mortgage Holdings Inc.'s 5.125% Senior Notes Due 2030 and 5.750% Senior Notes Due 2031
Prnewswire· 2025-08-04 14:21
Core Viewpoint - Rocket Companies, Inc. is initiating tender offers to acquire outstanding senior notes from Nationstar Mortgage Holdings Inc. as part of its acquisition of Mr. Cooper Group Inc. [1][2] Tender Offers - The company is offering to purchase 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031, with aggregate principal amounts of US$650 million and US$600 million respectively [3][4] - The tender offer consideration for both notes is set at $962.50 per $1,000 principal amount, with an early tender payment of $50, bringing the total tender offer consideration to $1,012.50 for early tenders [3][4] Consent Solicitations - The company is soliciting consents to amend the indentures governing the notes, which includes eliminating the "Change of Control" offer requirement and most restrictive covenants [2][9] - A majority of the aggregate principal amount of the notes must provide consent for the proposed amendments to be adopted [9] Timeline and Conditions - The tender offers and consent solicitations will expire on September 2, 2025, with an early tender deadline of August 15, 2025 [7][11] - The consummation of the tender offers is contingent upon receiving the requisite consents and the successful completion of the acquisition of Mr. Cooper [10]
Edward Smolyansky Provides Update on Consent Solicitation to Restore Board Accountability at Lifeway Foods (NASDAQ: LWAY) and End Shareholder Disenfranchisement
Prnewswire· 2025-07-29 13:00
Core Viewpoint - Lifeway Foods' Board, led by CEO Julie Smolyansky, is accused of disenfranchising shareholders and failing to provide a credible plan for shareholder value, particularly after rejecting Danone's acquisition offer which represented a 72% premium over the three-month volume-weighted average price [1][4]. Group 1: Shareholder Concerns - Edward and Ludmila Smolyansky, who control approximately 26% of Lifeway's shares, initiated a consent solicitation process to replace the current Board due to its perceived failure to act in the best interests of shareholders [1][9]. - The Board's actions, including the rejection of Danone's offer and the delay of the 2025 annual meeting, have raised concerns about accountability and transparency [2][6]. Group 2: Board's Defense Maneuvers - Lifeway's Board has employed various defense strategies, such as adopting a poison pill and refusing to establish an independent committee to evaluate Danone's offers, which are seen as attempts to undermine shareholder rights [6]. - The Lead Independent Director, Jason Scher, sold most of his shares, raising questions about the Board's commitment to shareholder value, especially in light of the rejected offer [2][6]. Group 3: Call to Action - The Smolyanskys encourage shareholders to participate in the consent solicitation process to hold the Board accountable and to consider the value-maximizing offer from Danone [4][5]. - Shareholders are urged to submit their consent as soon as possible to support the proposed changes in leadership [5][7].