MEDFORD, Ore., Sept. 3, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced the pricing of $600 million in aggregate principal amount of its 5.500% senior notes due 2030 (the "Notes") in a private offering (the "Private Offering"), which represents an increase of $100 million from the offering size previously announced. The Private Offering is expected to close on September 10, 2025, subject to customary closing conditions. Lithia intends to use the net proceeds of the Private Offering to rep ...

Core Viewpoint - Viper Energy, Inc. has announced a significant Notes Offering totaling $1.6 billion, which includes two series of senior notes with different maturities and interest rates, aimed at refinancing existing debt and supporting potential acquisitions [1][3]. Group 1: Notes Offering Details - The offering consists of $500 million in 4.900% senior notes maturing on August 1, 2030, and $1.1 billion in 5.700% senior notes maturing on August 1, 2035 [1]. - The public pricing for the 2030 Notes is set at 99.902% of the principal amount, while the 2035 Notes are priced at 99.636% [1]. - The expected closing date for the Notes Offering is July 23, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the Notes Offering will be utilized for general corporate purposes, including redeeming existing senior notes and potentially repaying borrowings related to the acquisition of Sitio Royalties Corp. [3]. - Specifically, the proceeds will be used to redeem Viper Energy's 7.375% senior notes due 2031 and 5.375% senior notes due 2027, as well as Sitio's 7.875% senior notes due 2028 if the acquisition closes [3]. Group 3: Company Overview - Viper Energy, Inc. is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin [7].

Core Viewpoint - Magna International Inc. has announced the offering of Euro and U.S. dollar denominated senior notes to raise funds for general corporate purposes, including potential debt repayment [1][2]. Group 1: Offering Details - The Euro senior notes have a principal amount of €575 million, maturing on May 21, 2031, with an annual interest rate of 3.625% [1]. - The U.S. dollar senior notes have a principal amount of $400 million, maturing on June 1, 2035, with an annual interest rate of 5.875% [1]. - The expected closing date for the Euro senior notes is May 21, 2025, and for the U.S. dollar senior notes is May 22, 2025, subject to customary closing conditions [2]. Group 2: Underwriting and Management - Joint book-running managers for the Euro senior notes include BNP PARIBAS, BofA Securities, Citigroup, Commerzbank, and ING [3]. - Joint book-running managers for the U.S. dollar senior notes include BofA Securities, Citigroup, J.P. Morgan, BNP PARIBAS, RBC Capital Markets, Scotiabank, TD Securities, and Wells Fargo Securities [3]. Group 3: Company Overview - Magna International is a leading supplier in the automotive industry, employing approximately 167,000 people across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [6][8]. - The company has over 65 years of expertise and is positioned to advance mobility in an evolving transportation landscape [6].

Core Viewpoint - TE Connectivity plc has announced the pricing of a $450 million offering of senior notes, which will be used for general corporate purposes, including debt repayment related to the acquisition of the Richards Manufacturing business [1][3]. Group 1: Offering Details - The offering includes $450 million senior notes due 2031 with a stated interest rate of 4.500% per year, issued at a price of 99.516% [2]. - Additionally, $450 million senior notes due 2035 will have a stated interest rate of 5.000% per year, issued at a price of 98.947% [2]. - The offering is expected to close on May 9, 2025, with several major financial institutions acting as joint book-running managers [4]. Group 2: Use of Proceeds - The net proceeds from this offering, along with any net proceeds from a concurrent Euro notes offering, will be utilized for general corporate purposes, specifically for repaying debt incurred from the acquisition of Richards Manufacturing [3]. Group 3: Company Overview - TE Connectivity plc is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future, with a workforce of over 85,000 employees, including 9,000 engineers [7].