Corporate Debt Offering

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Dentsply Sirona Prices Offering of $550 million of Junior Subordinated Notes
GlobeNewswire News Room· 2025-06-05 21:35
Core Viewpoint - Dentsply Sirona Inc. has announced a $550 million offering of 8.375% Junior Subordinated Notes due 2055, expected to close on June 12, 2025, subject to customary conditions [1] Group 1: Offering Details - The notes will have a fixed interest rate of 8.375% until September 12, 2030, after which the rate will reset based on the five-year U.S. Treasury rate plus a spread of 4.379%, with a minimum rate of 8.375% [2] - The net proceeds from the offering are expected to be approximately $544.5 million, which will be used for general corporate purposes, including repaying existing short-term indebtedness [3] Group 2: Management and Regulatory Information - Goldman Sachs & Co. LLC is the sole book-running manager for the offering, with several co-managers involved [4] - The offering is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [4][5] Group 3: Company Overview - Dentsply Sirona is the largest diversified manufacturer of professional dental products and technologies, with a strong portfolio of brands and a commitment to advancing patient care [8][9]
Goodyear Announces Pricing Of $500 Million Of Senior Notes
Prnewswire· 2025-05-29 22:00
Core Viewpoint - Goodyear Tire & Rubber Company has announced a $500 million offering of 5-year senior notes at an interest rate of 6.625% per annum, aimed at redeeming its existing 5.000% Senior Notes due 2026 [1][2][3] Group 1: Offering Details - The notes will be offered at a price of 100% of their principal amount and are expected to close on June 3, 2025, subject to customary closing conditions [2] - The net proceeds from the offering will be used to redeem $400 million of the outstanding $900 million 2026 Notes, with the redemption date set for June 30, 2025 [3] Group 2: Company Background - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 53 manufacturing facilities across 20 countries [6] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focusing on developing advanced products and services [6] Group 3: Management and Regulatory Information - A consortium of financial institutions, including Deutsche Bank Securities Inc. and BofA Securities, is managing the offering [4] - The offering is made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [5]