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Fannie Mae Announces Results of Tender Offer for Any and All of Certain CAS Notes
Prnewswire· 2025-10-06 16:00
Rounded to the nearest hundredth of a percent. Â Original Principal Amount tendered includes $27,281,728 of Notes tendered using the Notice of Guaranteed Delivery. The settlement date for the Notes tendered and accepted for purchase in the Offers is expected to occur on Tuesday, October 7, 2025 (the "Settlement Date"). Any Notes tendered and accepted for purchase in the Offers using the Notice of Guaranteed Delivery are expected to be purchased on October 8, 2025. , /PRNewswire/ -- Fannie Mae (OTCQB: FNMA)Â ...
Moatable, Inc. Announces Final Results of its Fixed Price Tender Offer
Prnewswire· 2025-10-03 12:00
, /PRNewswire/ -- Moatable, Inc. (Pink Limited Market: MTBLY) ("Moatable," the "Company" or "our"), a leading US-based SaaS company, announced today the final results of its fixed price tender offer (the "Tender Offer") to repurchase up to 225,000,000 Class A ordinary shares, par value $0.001 per share ("Class A Ordinary Shares") (including Class A Ordinary Shares represented by American Depositary Shares (the "ADSs") of the Company, with each ADS representing 45 Class A Ordinary Shares), at a price of $ ...
LXP Industrial Trust Announces Cash Tender Offer for up to a Maximum Aggregate Purchase Price of $150,000,000 of its 6.750% Notes due 2028
Globenewswire· 2025-10-01 11:44
WEST PALM BEACH, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (the “Company”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, announced today that it has commenced a tender offer (the “Offer”) to purchase for cash an amount of its 6.750% Notes due 2028 (the “Notes”) with an aggregate purchase price up to $150,000,000 (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable settl ...
Weatherford Announces Increase to Previously Announced Tender Offer for its 8.625% Senior Notes due 2030
Globenewswire· 2025-09-22 21:56
Core Viewpoint - Weatherford International plc has announced an upsized cash tender offer for its 8.625% Senior Notes due 2030, increasing the total amount to $1,300 million [1][3]. Summary by Sections Tender Offer Details - The tender offer is for the 8.625% Senior Notes due 2030, with an aggregate principal amount of $1,300 million available for purchase [1][2]. - The early tender deadline is set for October 3, 2025, at 5:00 p.m. NYC time, with a purchase price of $1,023.90 per $1,000 principal amount of notes tendered, including an early tender payment of $30.00 [4]. - Notes tendered after the early tender deadline but before the expiration time on October 21, 2025, will receive a purchase price of $993.90 per $1,000 principal amount [4]. Conditions and Management - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [3][5]. - The offer is not conditioned on a minimum amount of notes being tendered, and the company reserves the right to amend, extend, or terminate the offer at its discretion [5]. Contact Information - Wells Fargo Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them for further information [6]. - D.F. King & Co., Inc. serves as the information agent and tender agent for the offer, providing copies of the Offer to Purchase [8].
Weatherford Announces Upsize and Pricing of $1,200 Million of Senior Notes due 2033
Globenewswire· 2025-09-22 21:54
Core Viewpoint - Weatherford International plc has announced the pricing of $1,200 million aggregate principal amount of its 6.75% Senior Notes due 2033, which is a $600 million increase from the previously announced offering size [1] Group 1: 2033 Notes Offering - The 2033 Notes Offering is expected to close on October 6, 2025, subject to customary closing conditions [1] - The 2033 Notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [4] Group 2: Use of Proceeds - The net proceeds from the 2033 Notes Offering will be used to fund a tender offer for the 8.625% Senior Unsecured Notes due 2030, which has been upsized to $1,300 million [2] - The proceeds will also cover accrued and unpaid interest on the 2030 Notes and related transaction fees and expenses [2] Group 3: Tender Offer Conditions - The Tender Offer is conditioned on the consummation of the 2033 Notes Offering, while the 2033 Notes Offering is not conditioned on the Tender Offer [3]
Weatherford Announces Tender Offer for up to $700 Million of Senior Notes due 2030
Globenewswire· 2025-09-22 12:20
Core Viewpoint - Weatherford International plc has announced a cash tender offer to purchase up to $700 million of its 8.625% Senior Notes due 2030, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][4]. Summary by Relevant Sections Tender Offer Details - The tender offer is for a total of $700 million of the 8.625% Senior Notes, which have an outstanding principal amount of $1,535.632 million [2]. - The early tender deadline is set for October 3, 2025, with the total consideration for each $1,000 in principal amount of notes being $1,023.90, which includes an early tender payment of $30.00 [2][7]. - The tender offer will expire at 5:00 p.m. Eastern Time on October 21, 2025 [7]. Conditions and Procedures - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [4]. - Holders of the 2030 Notes must validly tender their notes before the expiration date to receive any consideration [7]. - Accrued interest will be paid in addition to the tender offer consideration [3]. Contact Information - Wells Fargo Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them for further information [6]. - D.F. King & Co., Inc. serves as the information agent and tender agent for the tender offer, providing copies of the Offer to Purchase [8].
Alm. Brand A/S announces results of its tender offer for outstanding DKK tier 2 capital notes
Globenewswire· 2025-09-17 12:01
Core Points - Alm. Brand A/S announced the results of its tender offer for DKK 1,300,000,000 Tier 2 Capital Notes, with a total nominal amount of DKK 400 million accepted for purchase at a price of 100.450% plus accrued interest [1][2] - The tender offer expired on 17 September 2025, with DKK 484 million in aggregate nominal amount of the Notes validly tendered [2][3] - A pro-rata scaling factor of 82.5% was applied to the accepted tender instructions, leaving a remaining outstanding nominal amount of DKK 900 million [3] - Settlement of the tender offer is expected to occur on 22 September 2025, with Nordea Bank Abp acting as the dealer manager [4]
Mount Logan Capital Inc. Announces Adjournment of its Special Meeting of Shareholders to August 29, 2025
Globenewswire· 2025-08-22 14:58
Core Viewpoint - Mount Logan Capital Inc. is in the process of a proposed business combination with 180 Degree Capital Corp, which will result in a new publicly traded entity named New Mount Logan, to be listed on Nasdaq Capital Market [1][2] Meeting and Voting Updates - The special meeting of shareholders was adjourned to provide additional time for shareholders to review a supplement to the management information circular, which includes revised terms of the proposed business combination [2][4] - The voting proxy cut-off time has been reopened, allowing proxies to be accepted until August 28, 2025 [3] Business Combination Details - An amendment to the merger agreement was made, increasing the shares to be received by 180 Degree Capital shareholders to 110% of its net asset value at closing, up from 100% [7] - The valuation of Mount Logan at signing was US$67.4 million, compared to its market capitalization of approximately US$49.9 million as of August 18, 2025 [7] Liquidity Programs - New Mount Logan plans to launch a tender offer for up to US$15 million of its common stock within 60 days post-closing, with an additional US$10 million in stock repurchases expected over the following 24 months [8] - The tender offer represents approximately 19% of the estimated closing merger value, with a premium of at least 46% to Mount Logan's estimated closing price of approximately US$1.70 on August 18, 2025 [8] Company Overview - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in North America [9] - The company also engages in sourcing, evaluating, underwriting, and managing loans and credit-oriented instruments to achieve attractive risk-adjusted returns [9]
Mount Logan Capital Inc. Announces Filing of Supplement to Management Information Circular for its Special Meeting of Shareholders to be held on August 22, 2025
Globenewswire· 2025-08-19 21:37
Core Viewpoint - Mount Logan Capital Inc. is progressing with a business combination with 180 Degree Capital Corp, which will result in a new publicly traded entity named New Mount Logan, set to be listed on Nasdaq [1] Group 1: Business Combination Details - The business combination is scheduled for a shareholder meeting on August 22, 2025, to vote on necessary resolutions [1] - An amendment to the merger agreement has been made, increasing the share allocation for 180 Degree Capital shareholders to 110% of its net asset value (NAV) at closing, up from 100% [4] - The valuation of Mount Logan at signing was US$67.4 million, compared to its market capitalization of approximately US$49.9 million as of August 18, 2025 [4] Group 2: Liquidity Programs - New Mount Logan plans to launch a tender offer for US$15 million of its common stock within 60 days post-closing, with the share price set at the implied closing price based on the merger value [5] - Additional stock repurchases of US$10 million are expected to occur periodically over the following 24 months [5] - The liquidity program represents about 19% of the estimated closing merger value, with a share price anticipated to be at least 46% above Mount Logan's estimated closing price of approximately US$1.70 on August 18, 2025 [5] Group 3: Company Overview - Mount Logan Capital Inc. focuses on alternative asset management and insurance solutions, primarily in public and private debt securities in North America [6] - The company also engages in the reinsurance of annuity products through its subsidiaries, Mount Logan Management LLC and Ability Insurance Company [6][8] - ML Management provides investment management services to various investment funds and acts as a collateral manager for collateralized loan obligations [7]
Total Return Securities Fund, Inc. Announces Rights Offering
Globenewswire· 2025-08-19 20:10
Group 1 - The Board of Directors of Total Return Securities Fund, Inc. plans to authorize the issuance of non-transferable rights for shareholders to purchase additional shares at 85% of the net asset value on the expiration date [1] - Following the rights offering, the Board intends to authorize a tender offer to purchase either 30% of the Fund's outstanding shares if at least 8 million shares are issued, or the greater of 15% of outstanding shares or a number that results in approximately $90 million in net assets if fewer than 8 million shares are issued [2]