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The Chemours Company Announces Completion of Private Offering of $700,000,000 Aggregate Principal Amount of 7.875% Senior Unsecured Notes Due 2034
Prnewswire· 2026-03-12 21:00
Core Viewpoint - The Chemours Company has successfully completed a private offering of $700,000,000 in senior unsecured notes with a 7.875% interest rate, maturing in 2034, to fund the redemption of existing senior notes and manage its debt obligations [1]. Group 1: Offering Details - The offering consists of $700,000,000 aggregate principal amount of 7.875% senior unsecured notes due 2034, which are exempt from the registration requirements of the Securities Act of 1933 [1]. - The notes are Chemours' senior unsecured obligations and are guaranteed by one of its subsidiaries [1]. - The offering was made only to qualified institutional buyers and non-U.S. persons under specific regulations [1]. Group 2: Use of Proceeds - The net proceeds from the offering, along with cash on hand, will be used to redeem $188,000,000 of 5.750% senior notes due 2028 at an aggregate redemption price of approximately $189,800,000 [1]. - The remaining proceeds are expected to fund the redemption of outstanding 5.375% senior notes due 2027, estimated at an aggregate redemption price of approximately $500,300,000 [1]. Group 3: Company Overview - The Chemours Company is a global leader in industrial and specialty chemicals, serving markets such as coatings, plastics, refrigeration, and advanced electronics [1]. - The company operates through three main business segments: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials [1]. - Chemours is headquartered in Wilmington, Delaware, employs approximately 5,700 people, and serves around 2,400 customers in about 110 countries [1].
The Chemours Company Announces Upsizing and Pricing of Private Offering of $700,000,000 of 7.875% Senior Notes Due 2034
Prnewswire· 2026-02-26 21:39
Core Viewpoint - The Chemours Company has announced the pricing and upsizing of its private offering of $700 million in senior notes, reflecting a strategic move to refinance existing debt and optimize its capital structure [1]. Group 1: Offering Details - The offering size was increased from the initially announced $600 million to $700 million [1]. - The new senior notes will have an interest rate of 7.875% per annum and are set to mature on March 15, 2034 [1]. - Interest payments on the notes will be made semi-annually, starting from September 15, 2026 [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to redeem outstanding 5.375% senior notes due in 2027 and partially redeem 5.750% senior notes due in 2028 [1]. Group 3: Company Overview - Chemours is a global leader in industrial and specialty chemicals, serving various markets including coatings, plastics, and advanced electronics [1]. - The company operates through three main business segments: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials [1]. - Chemours is headquartered in Wilmington, Delaware, employs approximately 5,700 people, and serves around 2,400 customers across 110 countries [1].
Wesco Announces Commencement of Private Offering of Senior Notes Due 2031 and Senior Notes Due 2034
Prnewswire· 2026-02-24 13:24
Core Viewpoint - Wesco International, Inc. is initiating a private offering of $650 million in senior notes due 2031 and $650 million in senior notes due 2034 to refinance existing debt and manage its capital structure [1] Group 1: Offering Details - The offering consists of $650 million aggregate principal amount of senior notes due 2031 (5-Year Notes) and $650 million aggregate principal amount of senior notes due 2034 [1] - The net proceeds from the offering will be used to redeem all outstanding 7.250% senior notes due 2028 on or after June 15, 2026 [1] - Prior to the redemption of the Wesco 2028 Notes, the proceeds will temporarily repay a portion of outstanding borrowings under the accounts receivable securitization facility and the asset-based revolving credit facility [1] Group 2: Debt Structure - The notes will be unsecured, unsubordinated debt obligations of Wesco Distribution and will rank equally with other existing and future unsecured, unsubordinated obligations [1] - The notes will be guaranteed on an unsecured, unsubordinated basis by Wesco and its wholly owned subsidiary, Anixter Inc. [1] Group 3: Regulatory and Market Considerations - The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act and certain non-U.S. persons outside the United States under Regulation S [1] - The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption [1] Group 4: Company Overview - Wesco International is a leading provider of business-to-business distribution, logistics services, and supply chain solutions, with approximately $24 billion in annual sales in 2025 [1] - The company employs around 21,000 people and operates more than 700 sites in approximately 50 countries [1] - Wesco offers a diverse portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions [1]
BioMarin Announces Proposed Private Offering of Senior Notes and Syndication of New Senior Secured Term Loan Facility
Prnewswire· 2026-01-26 12:45
Core Viewpoint - BioMarin Pharmaceutical Inc. is planning to raise $850 million through the issuance of senior unsecured notes due in 2034 to finance its acquisition of Amicus Therapeutics, Inc. and related expenses [1][3]. Financing Details - The company is launching a $2 billion senior secured term loan "B" facility in addition to an existing $800 million senior secured term loan "A" facility and a $600 million senior secured revolving credit facility to support the acquisition [2]. - The net proceeds from the notes offering, along with borrowings from the term facilities and cash on hand, will be used to fund the acquisition and associated fees [3]. Redemption Conditions - Gross proceeds from the notes will be held in an escrow account until the acquisition is completed, with a mandatory redemption clause if the acquisition is not finalized by December 19, 2026 [4]. Guarantees and Covenants - The notes will be guaranteed by certain subsidiaries of BioMarin, including Amicus post-acquisition, and will include customary covenants that restrict additional debt incurrence and other financial activities [5][6]. Regulatory Information - The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers or non-U.S. persons, subject to transfer restrictions [7]. Company Overview - BioMarin is a global biotechnology company focused on rare diseases, with a strong portfolio of commercial therapies and a robust pipeline for drug development [9][10].
Suburban Propane Partners, L.P. Announces Proposed Private Offering of Senior Notes
Prnewswire· 2025-12-08 12:58
Core Viewpoint - Suburban Propane Partners, L.P. plans to offer $350 million in senior notes due 2035 to redeem existing senior notes due 2027, subject to market conditions [1] Group 1: Offering Details - The 2035 Senior Notes will be offered in a private placement, not registered under the Securities Act, targeting qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S. [2] - The net proceeds from the offering will be used, along with borrowings from the revolving credit facility, to redeem all outstanding $350 million of the 5.875% senior notes due 2027 [1] Group 2: Company Overview - Suburban Propane is a publicly traded master limited partnership, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [4] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products, servicing approximately 1 million customers across 42 states [4] Group 3: Company Values - Suburban Propane is built on three core pillars: commitment to excellence in customer service, dedication to community support, and promotion of low-carbon energy solutions [5]
Carpenter Technology Corporation Announces Proposed $700.0 Million Private Offering of Senior Notes Due 2034
Globenewswire· 2025-11-10 12:35
Core Viewpoint - Carpenter Technology Corporation plans to offer $700 million in senior notes due 2034 to qualified institutional buyers and certain persons outside the U.S. [1] Group 1: Offering Details - The company intends to use the net proceeds from the offering, along with cash on hand, to fully redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030, including any accrued interest [2] - The notes will not be registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [3] Group 2: Company Overview - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for critical applications in aerospace, defense, and medical markets [5] - The company has been a pioneer in premium specialty alloys, including nickel, cobalt, and titanium, since its founding in 1889 [5]
Century Communities Announces Pricing of Private Offering of $500 Million of Senior Notes due 2033
Prnewswire· 2025-09-03 23:02
Core Viewpoint - Century Communities, Inc. has announced a private offering of $500 million in Senior Notes with an interest rate of 6.625%, aimed at refinancing existing debt [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 6.625% Senior Notes due 2033, guaranteed by the company's subsidiaries [1]. - The Notes will be sold at a price of 100% of the principal amount [1]. - The expected closing date for the offering is September 17, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The company anticipates net proceeds of approximately $494 million after deducting initial purchasers' discounts and other estimated fees [3]. - The net proceeds will be used, along with cash on hand, to finance the redemption of all $500 million of its 6.750% Senior Notes due 2027 [3]. Group 3: Company Overview - Century Communities is one of the largest homebuilders in the U.S., recognized for its online home sales and has received accolades for trustworthiness and workplace quality [6]. - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services [6].