Senior Secured Notes Offering
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Columbus McKinnon Announces Pricing of Senior Secured Notes
Prnewswire· 2026-01-23 00:42
Core Viewpoint - Columbus McKinnon Corporation has priced its offering of $900 million in senior secured notes to finance the acquisition of Kito Crosby Limited, with the offering size reduced from $1.225 billion to $900 million [1][2]. Group 1: Offering Details - The offering consists of 7.125% senior secured notes due in 2033, expected to close on January 30, 2026, pending customary closing conditions [1]. - The net proceeds from the notes will be used to finance the acquisition, repay Kito Crosby's existing debt, refinance Columbus McKinnon's existing debt, and cover related fees and expenses [2]. - The notes are not contingent on the acquisition's completion and will be subject to mandatory redemption if the acquisition does not close by August 10, 2026, or if the company determines it will not occur by that date [3]. Group 2: Security and Guarantees - Initially, the notes will be unsecured and not guaranteed by any subsidiary. After the acquisition, they will be secured by a first priority interest in substantially all assets of the company and its U.S. subsidiaries [4]. - The notes will be unconditionally guaranteed on a senior secured basis by the company's U.S. subsidiaries that will guarantee the new credit agreement related to the acquisition [4]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and certain accredited investors [5].
Bristow Group Announces Pricing of $500 Million Senior Secured Notes in an Upsized Private Offering
Prnewswire· 2026-01-15 01:48
Core Viewpoint - Bristow Group Inc. has announced a private offering of $500 million in senior secured notes with a 6.75% interest rate, maturing in 2033, to eligible purchasers under specific regulations [1][2]. Group 1: Offering Details - The notes will mature on February 1, 2033, and will be issued at par, paying interest semi-annually [2]. - The offering is fully guaranteed by the company's existing material, wholly owned domestic subsidiaries and certain foreign subsidiaries, along with future subsidiaries [2]. - The notes will be secured by first-priority liens on collateral, including approximately 119 pledged aircraft and other tangible and intangible assets of the company and subsidiary guarantors [2]. Group 2: Use of Proceeds - A portion of the net proceeds will be deposited to redeem the company's 6.875% Senior Secured Notes due 2028 in full on March 1, 2026, and to cover related payments [3]. - Remaining net proceeds from the offering will be used for general corporate purposes [3]. Group 3: Regulatory Information - The notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act [4]. - The offering does not constitute an offer to sell or a solicitation of an offer to purchase the notes in jurisdictions where such actions would be unlawful [5]. Group 4: Company Overview - Bristow Group Inc. is a leading global provider of vertical flight solutions, primarily serving offshore energy companies and government entities [7]. - The company's services include personnel transportation, search and rescue, medevac, and fixed-wing transportation, with operations in various countries including Australia, Brazil, Canada, and the United States [8].
Brightstar Lottery PLC Announces a Benchmark Offering of Senior Secured Notes Due 2033
Prnewswire· 2025-12-02 08:20
Core Viewpoint - Brightstar Lottery PLC announced a benchmark offering of senior secured notes due 2033, aiming to raise funds to redeem a portion of its existing senior secured notes due 2027 and cover related debt issuance costs [1][3]. Group 1: Offering Details - The offering consists of senior secured notes denominated in US dollars, with a total amount of $500,000,000 intended for redemption of the existing $750,000,000 6.25% Senior Secured Notes due 2027 [1][3]. - The notes will be co-issued by Brightstar and its wholly-owned subsidiary, Brightstar Global Solutions Corporation, and will be guaranteed by certain other wholly-owned subsidiaries of Brightstar [1][3]. Group 2: Listing and Trading - Applications have been made for the notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin [2]. - The offering is subject to customary market and other closing conditions [2]. Group 3: Regulatory Compliance - The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without proper registration or exemption [4][5]. - The offering is restricted to qualified institutional buyers and non-U.S. persons in offshore transactions [5][8]. Group 4: Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, known for its secure technology and comprehensive solutions, with approximately 6,000 employees [13].
Tronox Announces Proposed Offering of Senior Secured Notes
Prnewswire· 2025-09-15 12:00
Core Viewpoint - Tronox Holdings plc intends to offer senior secured notes due 2030 to qualified institutional buyers and certain offshore investors, with proceeds aimed at repaying existing borrowings and covering offering expenses [1][2]. Group 1: Company Overview - Tronox Holdings plc is a leading producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade titanium dioxide products, with operations spanning six continents and approximately 6,500 employees [4]. Group 2: Financial Strategy - The net proceeds from the notes offering will be used primarily to repay existing borrowings under revolving credit facilities, with any excess allocated for general corporate purposes [1]. - The offering is subject to market conditions and customary closing conditions [1]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act, and their sale in the U.S. will be limited to exemptions from registration requirements [2]. - This announcement does not constitute an offer to sell or a solicitation to buy any securities [3].
Charter Prices $2.0 Billion Senior Secured Notes
Prnewswire· 2025-08-19 01:58
Core Viewpoint - Charter Communications, Inc. has announced the pricing of $2.0 billion in aggregate principal amount of senior secured notes, which will be used for general corporate purposes, including debt repayment and potential stock buybacks [1][2]. Group 1: Offering Details - The offering consists of $1.25 billion in Senior Secured Notes due 2035 with an interest rate of 5.850% and $750 million in Senior Secured Notes due 2055 with an interest rate of 6.700% [8]. - The notes will be issued at prices of 99.932% and 99.832% of their respective aggregate principal amounts [8]. - The expected closing date for the offering is September 2, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay certain indebtedness, including the 6.150% Senior Secured Notes due 2026, fund potential buybacks of Charter Class A common stock, and cover related fees and expenses [1]. Group 3: Company Overview - Charter Communications, Inc. is a leading broadband connectivity company and cable operator, serving over 57 million homes and businesses across 41 states under the Spectrum brand [5]. - The company offers a comprehensive range of services, including Spectrum Internet®, TV, Mobile, and Voice, supported by a fully U.S.-based workforce [5].
Clear Channel Outdoor Holdings, Inc. Announces Pricing of Senior Secured Notes Due 2031 and Senior Secured Notes Due 2033
Prnewswire· 2025-07-21 21:30
Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has announced the pricing of an offering of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033, with the issuance expected to complete on August 4, 2025 [1] Group 1: Offering Details - The offering consists of $1,150 million of 7.125% Senior Secured Notes due 2031 and $900 million of 7.500% Senior Secured Notes due 2033 [1] - The Notes will be guaranteed on a senior secured basis by certain wholly owned domestic subsidiaries of the Company [2] - The Notes will be secured by a first-priority basis on the Company's and Guarantors' assets, with a second-priority on accounts receivable related to the Receivables Facility [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to redeem all outstanding 5.125% Senior Secured Notes due 2027 and 9.000% Senior Secured Notes due 2028, as well as to pay related transaction fees and expenses [3] Group 3: Company Overview - Clear Channel Outdoor Holdings is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [5] - The Company aims to broaden its advertiser base by enhancing its advertising platform and delivering measurable campaigns [5]
Century Aluminum Company Announces Proposed Private Offering of $400 Million of Senior Secured Notes
Globenewswire· 2025-07-16 12:58
Group 1 - Century Aluminum Company announced a proposed private offering of $400 million aggregate principal amount of senior secured notes due July 2032 [1] - The net proceeds from the offering will be used to refinance the existing 7.50% Senior Secured Notes due 2028, repay borrowings under credit facilities, and cover related fees and expenses [1] - The interest rate and other terms of the secured notes will be determined at the pricing of the offering [2] Group 2 - The secured notes will be offered to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act [3] - The secured notes have not been registered under the Securities Act or any state securities laws, and cannot be offered or sold in the U.S. without registration or an applicable exemption [3] Group 3 - Century Aluminum is an integrated producer of bauxite, alumina, and primary aluminum products, and is the largest producer of primary aluminum in the United States [5]