Private Offering
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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]
ACM Research's Operating Subsidiary ACM Research (Shanghai) Announces Issuance Report on Private Offering of Ordinary Shares
Globenewswire· 2025-09-24 11:00
Core Viewpoint - ACM Research, Inc. has successfully completed a private offering of ordinary shares through its subsidiary ACM Research (Shanghai), Inc., raising approximately RMB 4.5 billion (around US$630 million) to support its growth initiatives in research and development, capital expenditures, and working capital [2][4]. Group 1: Private Offering Details - ACM Shanghai issued 38,601,326 ordinary shares at a price of RMB 116.11 per share, resulting in gross proceeds of RMB 4.5 billion (approx. US$630 million) and net proceeds of RMB 4.4 billion (approx. US$624 million) after expenses [2]. - The offering was allocated to 17 qualified investors, all of whom subscribed entirely in cash, and the shares will be subject to a six-month lock-up period before trading on the STAR Market [3]. Group 2: Ownership Structure - Following the private offering, ACM's equity interest in ACM Shanghai is expected to decrease to approximately 74.5% from 81.1%, while ACM will continue to be the controlling shareholder [4]. Group 3: Company Overview - ACM Research, Inc. specializes in developing, manufacturing, and selling semiconductor process equipment, including cleaning, electroplating, and packaging tools, aimed at enhancing productivity and product yield in semiconductor manufacturing [6].
Century Communities Announces Launch of Private Offering of $500 Million of Senior Notes due 2033 and Conditional Redemption of 6.750% Senior Notes due 2027
Prnewswire· 2025-09-03 11:38
Core Viewpoint - Century Communities, Inc. has launched a private offering of $500 million in new Senior Notes due 2033 to qualified institutional buyers and certain non-U.S. persons, aiming to redeem its existing 2027 Senior Notes [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of new Senior Notes due 2033 [1]. - The pricing and terms of the Notes are contingent on market conditions [2]. - The Notes will be guaranteed on an unsecured senior basis by certain current and future subsidiaries of the Company [2]. Group 2: Use of Proceeds - The net proceeds from the Offering, along with cash on hand, will be used to redeem all $500 million of the Company's 6.750% Senior Notes due 2027 [3]. - The redemption of the 2027 Senior Notes is scheduled for October 3, 2025, at a price equal to 100% of the principal amount plus accrued interest [6]. Group 3: Redemption Conditions - The obligation to redeem the 2027 Senior Notes is conditional upon the successful completion of the Offering [6]. - If the conditions are not met, the redemption will be revoked, and the 2027 Senior Notes will remain outstanding [6]. Group 4: Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S. and is recognized for its online home sales [8]. - The Company operates in 16 states and over 45 markets, providing a range of services including mortgage and insurance [8]. - It has received accolades such as being named one of America's Most Trustworthy Companies for three consecutive years [8].
Kronos Worldwide, Inc. Announces Private Offering of an Additional €75 Million of 9.50% Senior Secured Notes Due 2029
Globenewswire· 2025-09-03 06:30
Core Viewpoint - Kronos Worldwide, Inc. is raising €75 million through a private offering of additional 9.50% Senior Secured Notes due 2029, which will be issued by its subsidiary, Kronos International, Inc. [1] Group 1: Offering Details - The new Notes will be offered as additional notes to the existing €351,174,000 aggregate principal amount of 9.50% Senior Secured Notes due 2029 issued earlier in 2024 [1] - The Notes will have the same terms as the Existing Notes, except for the issuance date and issue price, and will initially trade under different ISIN and Common Code numbers [1] - The offering is subject to market conditions and the proceeds will be used to pay off existing 3.75% Senior Secured Notes due September 15, 2025, or to repay amounts drawn from a revolving credit facility [3] Group 2: Guarantees and Security - The Notes will be fully guaranteed on a senior basis by the Company and its domestic, wholly-owned subsidiaries, secured by first-priority security interests in certain assets [2] Group 3: Company Overview - Kronos Worldwide, Inc. is a leading global producer of titanium dioxide pigments, serving approximately 3,000 customers in 100 countries, with a significant presence in Europe, North America, and the Asia Pacific region [6]