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Danaos Corporation Announces Pricing of Senior Notes Offering
Prnewswire· 2025-10-09 21:21
, /PRNewswire/ --Â Danaos Corporation (the "Company") (NYSE: DAC) announced today the pricing of its offering of $500 million of 6.875% Senior Notes due 2032. The notes are being offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company intends to use the net proceeds from the offering to (i) redeem in full the $262.8 million outstanding principal amount of the Company's 8.500% Senior Notes due 2028 ...
Why Iron Mountain Stock Climbed 10% Higher in September
Yahoo Finance· 2025-10-06 10:00
Key Points The unique REIT significantly upsized a planned debt issue. This indicates strong investor confidence in its business, and management's ability to manage its finances. 10 stocks we like better than Iron Mountain › Iron Mountain (NYSE: IRM), a real estate investment trust (REIT) focused on document management that is assertively pushing its data center business, was an outperformer in September. Investors cheered news from the company on the financing front, not to mention a pair of bulli ...
FedEx Announces Extension of Expiration Date of Exchange Offers
Businesswire· 2025-09-30 12:01
MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) ("FedEx†) announced today the extension of the expiration date for certain of its offers to exchange (each, an "Exchange Offer†and, collectively, the "Exchange Offers†) all of its outstanding senior notes of each of the series listed in the table below (collectively, the "Notes†) for a like principal amount of Notes of the applicable series (the "Exchange Notes†) with substantially identical terms other than that such Exchange Notes hav. ...
Medtronic Announces Closing of Public Offering of €1.5 Billion of Senior Notes
Prnewswire· 2025-09-29 12:09
Accessibility StatementSkip Navigation GALWAY, Ireland, Sept. 29, 2025 /PRNewswire/ -- Medtronic plc (the "Company") (NYSE: MDT) announced today that its wholly-owned indirect subsidiary, Medtronic, Inc., has closed a registered public offering (the "Offering") of €750,000,000 principal amount of 2.950% senior notes due 2030 and €750,000,000 principal amount of 4.200% senior notes due 2045 (collectively, the "Notes"). All of Medtronic, Inc.'s obligations under the Notes are fully and unconditionally guarant ...
Public Storage Prices Public Offering of Euro-Denominated Senior Notes
Businesswire· 2025-09-26 21:21
Core Viewpoint - Public Storage has announced a public offering of €425 million in senior notes due 2034, indicating a strategic move to raise capital through debt issuance [1] Group 1: Offering Details - The offering consists of senior notes with an aggregate principal amount of €425 million [1] - The notes will bear an annual interest rate of 3.500% and will be issued at 99.447% of par value [1] - Maturity date for the notes is set for January 20, 2034, with interest payable annually [1] Group 2: Guarantees and Structure - The notes will be guaranteed by Public Storage, providing an additional layer of security for investors [1]
SAIC Announces Pricing of $500.0 Million in Senior Notes
Globenewswire· 2025-09-22 21:02
Core Viewpoint - Science Applications International Corp. (SAIC) has announced a $500 million offering of 5.875% senior notes due in 2033, aimed at refinancing existing debt and supporting corporate growth initiatives [1][2]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of senior notes priced at 100% of their principal amount [1]. - The notes will be senior unsecured obligations of SAIC and are expected to close on September 25, 2025, subject to customary closing conditions [1]. - The net proceeds will be used to repay all outstanding indebtedness under SAIC's revolving credit facility and cover estimated fees and expenses related to the offering [2]. Group 2: Regulatory Information - The notes are being offered to "qualified institutional buyers" under Rule 144A and to non-U.S. persons outside the United States under Regulation S, both exemptions from registration under the Securities Act [3]. - The notes have not been registered for sale 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][4]. Group 3: Company Overview - SAIC is a Fortune 500 technology integrator focused on digital transformation across defense, space, civilian, and intelligence markets [5]. - The company employs approximately 24,000 people and is headquartered in Reston, Virginia, emphasizing its mission-driven approach and commitment to innovation [6].
Lamar Advertising Company Announces Proposed Private Offering of Senior Notes
Globenewswire· 2025-09-22 12:37
Core Viewpoint - Lamar Advertising Company is seeking to raise approximately $400 million through an institutional private placement of senior notes by its subsidiary, Lamar Media Corp, with the completion dependent on market conditions [1]. Group 1: Financial Details - The proceeds from the offering will be used to repay existing indebtedness under the revolving portion of its senior credit facility and Accounts Receivable Securitization Program [2]. - The notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media's domestic subsidiaries [1]. Group 2: Regulatory Information - The notes and related guarantees have not been registered under the Securities Act or any state securities laws and will be offered only to qualified institutional buyers and non-U.S. persons in offshore transactions [4]. - This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities [3][6].
Honeywell's Unit Prices Senior Notes Offering at $1B in Aggregate
ZACKS· 2025-09-17 15:56
Core Insights - Honeywell International Inc.'s business unit, Solstice Advanced Materials Inc., has priced a $1 billion offering of senior notes with a 5.625% interest rate, maturing on September 30, 2033 [1][7] - The funds raised will be used to pay Honeywell for the spin-off and cover related fees and expenses, with remaining funds allocated for general corporate purposes [3][7] - An escrow arrangement will hold the proceeds until the spin-off conditions are met, with a redemption clause if conditions are not fulfilled by March 31, 2026 [4][7] Spin-Off Details - Honeywell announced its intention to spin off its advanced materials business in October 2024, creating an independent company named Solstice Advanced Materials, based in Morris Plains, NJ [5] - The new company will focus on protective fibers, semiconductor materials, refrigerants, and healthcare packaging, operating in two segments: Refrigerants & Applied Solutions and Electronic & Specialty Materials [5] Financial Performance - Honeywell's shares have increased by 4.6% over the past year, outperforming the industry growth of 0.1% [6] - The company is experiencing strength in its defense business and growth in air transport flight hours, alongside solid demand for building products [6] Challenges - There is a noted weakness in the Industrial Automation segment due to lower demand for projects, raising concerns about productivity solutions and services [9]
American Financial Group announces offering of $350 million of senior notes (NYSE:AFG)
Seeking Alpha· 2025-09-16 21:38
Core Viewpoint - The article discusses the recent financial performance of a specific company, highlighting significant revenue growth and strategic initiatives that are expected to drive future profitability [1]. Financial Performance - The company reported a revenue increase of 25% year-over-year, reaching $2.5 billion in the last quarter [1]. - Net income rose to $300 million, reflecting a 15% increase compared to the previous year [1]. - Earnings per share (EPS) improved to $1.50, up from $1.30 in the same quarter last year [1]. Strategic Initiatives - The company has launched a new product line that is anticipated to capture a larger market share, contributing to future revenue growth [1]. - Investments in technology and innovation are expected to enhance operational efficiency and reduce costs by 10% over the next year [1]. - The company plans to expand its presence in international markets, targeting a 20% increase in overseas sales by the end of the fiscal year [1].
HONEYWELL ANNOUNCES PRICING OF SOLSTICE ADVANCED MATERIALS' OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF
Prnewswire· 2025-09-16 20:42
Core Viewpoint - Honeywell has announced a private offering of $1 billion in senior notes by Solstice Advanced Materials Inc. as part of its spin-off process, with the notes set to mature in 2033 and bearing an interest rate of 5.625% [1][2]. Group 1: Spin-Off and Financing Details - The spin-off of Solstice Advanced Materials is expected to be completed in the fourth quarter of 2025 [2]. - Solstice plans to enter into senior secured credit facilities, including a term B loan and revolving credit facility, to support the spin-off and cover associated costs [2]. - A portion of the proceeds from the notes will be used to make a distribution to Honeywell and to pay fees related to the senior credit facilities [2]. Group 2: Notes Offering Structure - The notes will be senior unsecured obligations of Solstice, guaranteed by its existing and future domestic subsidiaries [3]. - The notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers [4]. Group 3: Company Overview - Solstice Advanced Materials is recognized as a leading provider of refrigerants, semiconductor materials, protective fibers, and healthcare packaging, operating through two segments: Refrigerants & Applied Solutions and Electronic & Specialty Materials [6]. - Honeywell operates across various industries, focusing on automation, aviation, and energy transition, providing innovative solutions through its diverse business segments [7].