Core Viewpoint - Cenovus Energy Inc. has announced the pricing of a $2.6 billion offering of senior unsecured notes, which includes both Canadian and U.S. dollar denominated notes [1][2]. Group 1: Offering Details - The offering consists of four tranches: Canadian Notes totaling $1.2 billion and U.S. Notes totaling $1.0 billion [1]. - The Canadian Notes include $650 million with a 4.25% coupon maturing on March 20, 2033, and $550 million with a 4.60% coupon maturing on November 20, 2035 [2]. - The U.S. Notes consist of $500 million with a 4.65% coupon maturing on March 20, 2031, and $500 million with a 5.40% coupon maturing on March 20, 2036 [2]. Group 2: Use of Proceeds - The net proceeds from the offerings will be used to redeem $750 million of 3.60% senior notes due 2027, $373 million of 4.25% senior notes due 2027, and $600 million of 5.875% senior notes from MEG Energy Corp. due 2029, along with general corporate purposes [3]. Group 3: Underwriting and Regulatory Information - The notes are being offered through a syndicate of dealers led by CIBC Capital Markets, J.P. Morgan Securities LLC, TD Securities Inc., Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC [4]. - The Canadian Notes are offered in all provinces and territories of Canada, while the U.S. Notes are offered under a prospectus supplement filed with the SEC [5].

Lenders joining the retail syndication of the $38 billion debt offering to help fund Vantage Data Centers’s Oracle-linked projects in Texas and Wisconsin will need to commit at least $300 million to qualify for the highest fees https://t.co/Q49XMBwoOm ...

Core Viewpoint - Targa Resources Corp. has announced a public offering of $750 million in 4.350% Senior Notes due 2029 and $1.0 billion in 5.400% Senior Notes due 2036, with the offering expected to close on November 12, 2025, subject to customary conditions [1][2]. Group 1: Offering Details - The offering includes $750 million of 4.350% Senior Notes due 2029 priced at 99.938% of face value and $1.0 billion of 5.400% Senior Notes due 2036 priced at 99.920% of face value [1]. - The net proceeds from the offering will be used to redeem the 6.875% Senior Notes due 2029 and for general corporate purposes, including repaying borrowings and funding capital expenditures [2]. Group 2: Company Overview - Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America, focusing on the delivery of energy across the U.S. and internationally [4]. - The company operates a diversified portfolio of infrastructure assets that connect natural gas and natural gas liquids to markets with increasing demand for cleaner fuels [4].

Core Points - Howmet Aerospace Inc. has priced its underwritten public offering of $500 million aggregate principal amount of 4.550% Notes due 2032, expected to close on November 12, 2025 [1] - The net proceeds will be used to redeem approximately $625 million of its 5.90% Notes due 2027, resulting in annualized interest expense savings of approximately $14 million [2] Company Overview - Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, focusing on jet engine components, aerospace fastening systems, and airframe structural components [4]

Goldman Sachs is reaching out to loan investors to gauge early interest for a highly-anticipated debt offering to help finance Thoma Bravo’s acquisition of Dayforce https://t.co/pO93aiUUdf ...

Core Viewpoint - CNH Industrial N.V. has successfully priced an offering of €500,000,000 in principal amount of 3.875% notes due September 3, 2035, with an issue price of 98.906% of the principal amount [1][2]. Group 1: Offering Details - The closing of the offering is expected on September 3, 2025, and the notes will be issued under CNH's Euro Medium Term Note Programme [2]. - The net proceeds from the offering will be used for general corporate purposes, including repayment of existing debt [2]. - Application will be made for the notes to be admitted to trading on the Global Exchange Market of Euronext Dublin [2]. Group 2: Regulatory and Distribution Information - The notes will be offered and sold only outside the United States to institutional investors that are not "U.S. persons" and will not be registered under the U.S. Securities Act [4][5]. - The offering has not been registered with the Commissione Nazionale per le Societá e la Borsa (CONSOB) under Italian securities legislation, and may only be offered to qualified investors [6]. - This press release is directed only to persons outside the United Kingdom and those with professional experience in investment matters [7]. Group 3: Company Overview - CNH Industrial is a global equipment, technology, and services company focused on innovation, sustainability, and productivity [11]. - The company provides strategic direction and R&D capabilities to its brands, including Case IH, New Holland, CASE, and others, delivering a full lineup of agricultural and construction products [11]. - CNH has a history of over two centuries as a pioneer in its sectors, with a workforce of over 35,000 employees dedicated to customer success [12].

Core Insights - Carlisle Companies Incorporated (CSL) has priced a $1 billion offering of senior notes, consisting of $500 million of 5.250% notes maturing on September 15, 2035, and $500 million of 5.550% notes maturing on September 15, 2040, expected to close on August 20, 2025 [1][9] Financial Details - The 2035 notes are priced at 99.655% of the principal amount, while the 2040 notes are priced at 99.299% of the principal amount [2] - Interest on the notes will be paid semi-annually starting March 15, 2026 [2] Use of Proceeds - The funds from the offering will be used for general corporate purposes, including debt repayment, capital spending, working capital additions, share repurchases, and acquisitions [3][9] Debt and Financial Obligations - The offering is expected to increase CSL's debts, potentially inflating financial obligations and impacting profitability, although prepaying some indebtedness may provide relief [4] - As of the end of Q2 2025, the company's long-term debt stood at $1.89 billion, remaining relatively stable [4] Business Performance - The Construction Materials segment is experiencing strong momentum, with a 0.6% year-over-year revenue increase in Q2 2025, driven by demand for reroofing products and healthy construction activity [5] - The company anticipates low single-digit revenue growth in the Construction Materials segment for 2025, supported by strong contractor backlogs and customer demand [6] Challenges in Other Segments - The Weatherproofing Technologies segment is facing challenges due to a slowdown in the residential construction market and project delays, resulting in a 2% year-over-year revenue decline in Q2 2025 [7] - CSL operates in a competitive roofing and waterproofing market, facing competition from companies like 3M, Armstrong World Industries, and Builders FirstSource [8]

Airplane-parts maker TransDigm launched a $4 billion debt offering on Monday to fund a roughly $4.3 billion special cash dividend to shareholders https://t.co/qhUtPtzErd ...

Group 1 - CN announced a public debt offering of C$500 million 3.500% Notes due 2030 and C$500 million 4.200% Notes due 2035, expecting to close the offering on June 10, 2025 [1][2] - The net proceeds from the offering will be used for general corporate purposes, including redemption and refinancing of outstanding indebtedness, share repurchases, acquisitions, and other business opportunities [2] - The debt offering is being made in Canada under CN's base shelf prospectus dated April 2, 2024 [2] Group 2 - Access to the prospectus supplement and the corresponding base shelf prospectus will be available through SEDAR+ within two business days [1][5] - An electronic or paper copy of the prospectus can be obtained from the joint bookrunners without charge [6]

Core Viewpoint - Gerdau S.A. has initiated a cash offer to purchase all outstanding 4.875% notes due 2027, totaling approximately US$418.24 million, which are guaranteed by its subsidiaries [1][3]. Offer Details - The offer is set to expire on June 9, 2025, at 5:00 p.m. New York City time, unless extended or terminated earlier by Gerdau Trade [3]. - Holders of the notes who validly tender their notes by the expiration date will be eligible to receive the consideration, which will be determined based on a fixed spread plus the yield of a reference U.S. Treasury security [4][5]. - Settlement of the offer is expected to occur within three business days following the expiration date, anticipated to be June 12, 2025 [6]. Conditions and Rights - The acceptance of the notes is contingent upon the successful pricing of a debt offering by Gerdau Trade, generating sufficient net proceeds to cover the consideration and accrued coupon payments [8]. - Gerdau Trade reserves the right to delay acceptance, extend the expiration date, or terminate the offer if conditions are not met [9][10]. - The offer is not conditioned on a minimum amount of notes being tendered, and if terminated, no payments will be made to holders of the notes [10]. Subsequent Actions - After the expiration date, Gerdau Trade may acquire any remaining notes through various means, including open market purchases or redemptions [11].