Senior Notes Due 2032

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MARA Holdings, Inc. Announces Pricing of Upsized $950 Million Offering of 0.00% Convertible Senior Notes due 2032
Globenewswire· 2025-07-24 03:23
Core Viewpoint - MARA Holdings, Inc. has announced the pricing of an upsized offering of $950 million in convertible senior notes due 2032, with an option for initial purchasers to buy an additional $200 million [1][6] Group 1: Offering Details - The notes will be unsecured, senior obligations of MARA, with a maturity date of August 1, 2032, and will not bear regular interest [2] - Holders of the notes can require MARA to repurchase their notes on January 4, 2030, under certain conditions [3] - The notes will be convertible into cash, shares of MARA's common stock, or a combination thereof, with specific conversion conditions prior to May 1, 2032 [4] Group 2: Financial Projections - MARA estimates net proceeds from the sale of the notes to be approximately $940.5 million, or $1,138.5 million if the option for additional notes is fully exercised [6] - Approximately $18.3 million of the net proceeds will be used to repurchase existing 1.00% convertible senior notes due 2026, with the remainder allocated for capped call transactions, bitcoin acquisition, and general corporate purposes [7] Group 3: Capped Call Transactions - MARA has entered into capped call transactions to reduce potential dilution upon conversion of the notes, with an initial cap price of approximately $24.14 per share [10][11] - The capped call transactions are expected to cover the number of shares underlying the notes sold in the offering, subject to anti-dilution adjustments [10] Group 4: Market Activity - The initial purchasers and their affiliates may engage in market activities that could affect the market price of MARA's common stock and the notes, potentially impacting the conversion process [12]
ADECOAGRO S.A. PRICES INTERNATIONAL 144A/REG S OFFERING OF ITS 7.500% SENIOR NOTES DUE 2032
Prnewswire· 2025-07-23 23:43
Core Viewpoint - Adecoagro S.A. has announced the pricing of $500 million aggregate principal amount of 7.500% Senior Notes due 2032, which will be used primarily to fund a tender offer for its existing 6.000% Notes due 2027 and for general corporate purposes [1][2] Group 1 - The Senior Notes will be issued at a price of 100.00% and will mature on July 29, 2032 [1] - The Notes will be guaranteed on a senior unsecured basis by certain subsidiaries of the Company [1] - The offering is conducted under Rule 144A and Regulation S of the Securities Act, targeting qualified institutional buyers and non-U.S. persons [1][3] Group 2 - The net proceeds from the Notes will be allocated to a tender offer for the Company's existing 6.000% Notes due 2027 and for general corporate purposes, including capital expenditures and liability management [2] - Adecoagro operates on 210.4 thousand hectares of farmland and produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity [4]
Rogers Announces Upsizing and Results of its Cash Tender Offers for Canadian Dollar Debt Securities
Globenewswire· 2025-07-21 11:00
TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“Rogers” or the “Company”) (TSX: RCI.A and RCI.B; NYSE: RCI) announced (i) the release of the results of its previously announced separate offers (the “Offers”) to purchase for cash up to the Maximum Purchase Amount (as defined in the offer to purchase dated July 11, 2025 relating to the Notes (the “Offer to Purchase”)) of its outstanding senior notes of the series listed in the table below (collectively, the “Notes”), and (ii) that it h ...
Kite Realty Group Announces Pricing of $300 Million Senior Notes Offering
Globenewswire· 2025-06-17 20:56
Core Viewpoint - Kite Realty Group Trust announced a public offering of $300 million in Senior Notes with a 5.200% interest rate, due in 2032, aimed at repaying debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $300 million aggregate principal amount of 5.200% Senior Notes due 2032, priced at 99.513% of par value, yielding 5.281% to maturity [1]. - Interest on the Notes will be paid semi-annually starting February 15, 2026, with the offering expected to close on June 27, 2025, pending customary closing conditions [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay outstanding indebtedness and for general corporate purposes [2]. Group 3: Underwriters - The offering is managed by several financial institutions, including Wells Fargo Securities, PNC Capital Markets LLC, TD Securities, BofA Securities, Goldman Sachs & Co. LLC, J.P. Morgan, KeyBanc Capital Markets, and Regions Securities LLC as joint book-running managers [3]. Group 4: Company Overview - Kite Realty Group is a real estate investment trust (REIT) focused on owning and operating open-air shopping centers and mixed-use assets, primarily grocery-anchored, located in high-growth Sun Belt and strategic gateway markets [7]. - As of March 31, 2025, the company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, totaling approximately 27.8 million square feet of gross leasable space [7].
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].
Host Hotels & Resorts, Inc. Announces Pricing Of $500 Million Of 5.700% Senior Notes Due 2032, By Host Hotels & Resorts, L.P.
Globenewswire· 2025-05-06 20:30
Core Viewpoint - Host Hotels & Resorts, Inc. has announced the pricing of a $500 million offering of 5.700% Senior Notes due 2032, which are senior unsecured obligations of Host L.P. [1] Group 1: Offering Details - The offering is expected to close on May 20, 2025, subject to customary closing conditions [1] - Estimated net proceeds from the offering are expected to be approximately $490 million after deducting fees and expenses [2] - The proceeds will be used to redeem all outstanding Series E senior notes due 2025, amounting to $500 million [2] Group 2: Underwriters - The joint book-running managers for the offering include Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, and Truist Securities, Inc. [3] Group 3: Regulatory Information - The offering is made pursuant to an effective shelf registration statement and accompanying prospectus filed with the SEC on April 9, 2024, and a preliminary prospectus supplement filed on May 6, 2025 [4]