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Verizon announces expiration and preliminary expiration date results of its private exchange offers for 10 series of notes and expiration of related tender offers open to certain investors
Globenewswire· 2025-06-20 14:16
Core Points - Verizon Communications Inc. announced the expiration and preliminary results of its Exchange Offers and Cash Offers for its outstanding notes [1][4][17] - The Exchange Offers involved exchanging Old Notes for newly issued 5.401% Notes due 2037, with a settlement date expected on June 25, 2025 [3][4] - The Cash Offers also expired on June 18, 2025, with a similar settlement date anticipated [17][18] Exchange Offers - The Exchange Offers included 10 separate private offers to exchange various series of Old Notes for New Notes [3][4] - The total principal amount of Old Notes tendered for exchange was detailed in a table, showing significant amounts for each series [6][7] - The acceptance of Old Notes for exchange was based on a "waterfall" methodology, with a maximum aggregate principal amount of New Notes capped at $2.5 billion [10][11] Cash Offers - The Cash Offers consisted of 10 separate offers to purchase Old Notes for cash, with terms outlined in the Offer to Purchase [16][18] - A table indicated the aggregate principal amount of each series of Old Notes tendered for purchase, with notable amounts for several series [18][19] - Similar to the Exchange Offers, the Cash Offers utilized a "waterfall" methodology for acceptance based on priority levels [20][21] Additional Information - Global Bondholder Services Corporation acted as the Information Agent and Exchange Agent for the Exchange Offers, and also for the Cash Offers [14][24] - The final principal amounts of each series of Old Notes validly tendered and accepted for exchange and purchase will be announced by June 23, 2025 [23]
Priority Income Fund Announces Redemption of its 6.125% Series I Term Preferred Stock Due 2028
GlobeNewswire News Room· 2025-06-13 20:01
Core Viewpoint - Priority Income Fund, Inc. will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock due 2028 at a price of $25 per share, plus accrued but unpaid dividends, with the redemption date set for July 14, 2025 [1][2]. Group 1 - The redemption price for the Series I Preferred Shares will be $25 per share, plus accrued dividends from March 31, 2025, to the redemption date [1][2]. - After the redemption date, dividends on the redeemed shares will cease to accumulate, and holders will only have the right to receive the redemption price [2]. - The Series I Preferred Shares are held through The Depository Trust Company and will be redeemed according to applicable procedures [3]. Group 2 - Following the redemption, the Fund will have outstanding shares of 7.00% Series D Term Preferred Stock due 2029, 6.000% Series J Term Preferred Stock due 2028, 7.000% Series K Cumulative Preferred Stock, and 6.375% Series L Term Preferred Stock due 2029 [4]. - Priority Income Fund is a registered closed-end fund focused on acquiring and growing an investment portfolio primarily consisting of senior secured loans or collateralized loan obligations (CLOs) [5]. - The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team from Prospect Capital Management L.P. [5][6].
英国债务管理局(DMO):国内投资者占新发行的英国2028年9月指数挂钩国债需求的89.6%。
news flash· 2025-06-10 13:57
英国债务管理局(DMO):国内投资者占新发行的英国2028年9月指数挂钩国债需求的89.6%。 跟踪国债市场动态 +订阅 ...
Uniti Group Inc. Announces Private Offering of Senior Notes
Globenewswire· 2025-06-09 12:15
Core Viewpoint - Uniti Group Inc. is initiating an offering of $600 million in senior notes due 2032 to fund the partial redemption of $500 million of its outstanding 10.50% senior notes due 2028, with the redemption scheduled for June 24, 2025 [1][2]. Group 1: Offering Details - The offering of the senior notes is subject to market and other conditions, and will be guaranteed on a senior unsecured basis by the Company and its subsidiaries [1]. - The net proceeds from the notes will be used primarily for the partial redemption of the 2028 secured notes, including related premiums, fees, and expenses [2]. - The redemption of the 2028 secured notes is contingent upon the completion of debt financings totaling at least $550 million [2]. Group 2: Company Overview - Uniti is an internally managed real estate investment trust (REIT) focused on acquiring and constructing critical communications infrastructure, providing fiber and wireless solutions [5]. - As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles and 8.8 million fiber strand miles across the United States [5].
WEC Energy Group announces upsize and pricing of $775 million of 3.375% Convertible Senior Notes due 2028
Prnewswire· 2025-06-06 02:18
Core Viewpoint - WEC Energy Group, Inc. has announced the pricing of $775 million in convertible senior notes, which is an increase from the previously announced $700 million offering, indicating strong demand for the securities [1][6]. Group 1: Offering Details - The offering consists of 3.375% convertible senior notes due June 1, 2028, with interest paid semiannually [2]. - The offering is expected to close on June 10, 2025, subject to customary closing conditions [1]. - Initial purchasers have the option to buy an additional $125 million in convertible notes within a 13-day period after the initial issuance [1]. Group 2: Conversion Features - Holders can convert their notes only upon certain events until March 1, 2028, after which conversion can occur at any time until two trading days before maturity [3]. - The initial conversion rate is set at 7.7901 shares per $1,000 principal amount, equating to an initial conversion price of approximately $128.37 per share, representing a 22.5% premium over the last reported stock price [4]. Group 3: Repurchase and Redemption - In the event of a fundamental change, holders may require WEC Energy Group to repurchase their notes at 100% of the principal amount plus accrued interest [5]. - The company cannot redeem the convertible notes prior to maturity [6]. Group 4: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including the repayment of short-term debt [6]. Group 5: Company Overview - WEC Energy Group serves approximately 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [8]. - The company operates several principal utilities and has a subsidiary focused on renewable energy generation [9].
WEC Energy Group announces offering of Convertible Senior Notes due 2028
Prnewswire· 2025-06-05 10:46
Group 1 - WEC Energy Group, Inc. plans to offer $700 million in convertible senior notes due 2028 in a private offering to qualified institutional buyers [1][2] - The company may grant initial purchasers an option to buy an additional $105 million in convertible notes within 13 days of the initial issuance [1] - The final terms of the convertible notes, including conversion price and interest rate, will be determined at the time of pricing [2] Group 2 - The convertible notes will be senior, unsecured obligations, with interest paid semiannually and maturity on June 1, 2028 [2] - Holders can convert their notes under specific conditions before March 1, 2028, and at any time thereafter until two trading days before maturity [3] - Upon conversion, WEC Energy Group will pay cash for the principal amount and may pay or deliver cash, shares, or a combination for any excess [3] Group 3 - The net proceeds from the offering will be used for general corporate purposes, including repayment of short-term debt [4] - WEC Energy Group serves 4.7 million customers across Wisconsin, Illinois, Michigan, and Minnesota [6] - The company's principal utilities include We Energies, Wisconsin Public Service, and others, with a subsidiary focused on renewable generation facilities [7]
Equinor ASA: Execution of debt capital market transactions
Globenewswire· 2025-05-27 21:09
Group 1 - The core transaction involves Equinor ASA executing debt capital market transactions, including the issuance of Notes to enhance financial flexibility [1][4] - The net proceeds from the issuance will be utilized for general corporate purposes, which may encompass the repayment or purchase of existing debt [1] - The offering is set to close on June 3, 2025, pending customary conditions [2] Group 2 - The company issued USD 550 million 4.25% Notes due June 2, 2028, USD 400 million 4.50% Notes due September 3, 2030, and USD 800 million 5.125% Notes due June 3, 2035 [4]
Notice to attend the 2025 Annual General Meeting of Fingerprint Cards AB (publ)
Globenewswire· 2025-05-21 14:00
The shareholders of Fingerprint Cards AB (publ), Corp. Reg. No. 556154-2381 (hereinafter referred to as the “Company” or “Fingerprint”), are hereby invited to attend the Annual General Meeting (“AGM” or the “Meeting”) to be held at 3:00 p.m. on Tuesday, June 24, 2025, at Citykonferensen Ingenjörshuset, Malmskillnadsgatan 46 in Stockholm. The Board of Directors has decided, pursuant to the Company’s articles of association, that shareholders shall also have the right to exercise their voting rights by postal ...
Southern Company announces offering of $1.25 billion in aggregate principal amount of Convertible Senior Notes due June 15, 2028
Prnewswire· 2025-05-20 10:30
Core Viewpoint - Southern Company announced a private placement offering of $1.25 billion in convertible senior notes due June 15, 2028, with an option for initial purchasers to buy an additional $200 million [1][2]. Group 1: Offering Details - The convertible notes will be senior, unsecured obligations of Southern Company, with interest paid semiannually and maturity on June 15, 2028 [2]. - The final terms, including the initial conversion price and interest rate, will be determined at the time of pricing [2]. Group 2: Conversion Terms - Prior to March 15, 2028, the notes will be convertible only upon certain events and during specific periods; after that, they can be converted at any time until two trading days before maturity [3]. - Upon conversion, Southern Company will pay cash up to the principal amount and may pay the remainder in cash, shares, or a combination [3]. Group 3: Use of Proceeds - A portion of the net proceeds will be used to repurchase existing convertible senior notes due December 15, 2025, and June 15, 2027, through negotiated transactions [4]. - Remaining proceeds will be used to repay commercial paper borrowings and for general corporate purposes, including investments in subsidiaries [4]. Group 4: Repurchase Transactions - Southern Company plans to negotiate terms for repurchasing existing convertible notes with a limited number of holders, influenced by market conditions [5]. - The company may also repurchase outstanding existing convertible notes after the offering is completed [5]. Group 5: Market Impact - The repurchase of existing convertible notes may lead holders to engage in derivative transactions or stock trades to hedge their exposure, potentially affecting the market price of Southern Company's common stock [6]. Group 6: Company Overview - Southern Company is a leading energy provider serving 9 million customers across the Southeast, with operations in electric and natural gas distribution, competitive generation, and telecommunications [9].
售价7600元报告出现“煤炭来自击杀骷髅”?网站回应
Zhong Guo Xin Wen Wang· 2025-05-16 08:31
Core Viewpoint - A report on the coal industry published by Guanzhi Hainai Information Network contained erroneous information, mistakenly stating that coal comes from "killing skeletons" in the game Minecraft, which raised public concern. The website acknowledged this as a mistake and clarified that the report was not generated by AI [1][5][7]. Group 1: Report Details - The report titled "2023-2028 China Coal Industry Competitive Landscape and Development Trend Forecast" was originally priced at 10,800 RMB, with a discounted price of 7,600 RMB, and the English version priced at 4,500 USD [5]. - The erroneous content was removed from the report's summary on the Guanzhi Hainai Information Network website shortly after the issue was raised [5]. - The report was uploaded in September 2022, and the website's customer service stated that all reports are written by a team led by experienced researchers with over 20 years in the field, although some text may have utilized AI [7]. Group 2: Company Background - Guanzhi Hainai Information Network is managed by Shanghai Guanzhi Hainai Information Consulting Co., Ltd., which aims to become a leading industry consulting company in China, providing market research and competitive intelligence across various sectors [9]. - The company was established in September 2021 with a registered capital of 1 million RMB, and according to its 2023 report, it has no insured employees [9].