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Danaos Corporation Announces Senior Notes Offering
Prnewswire· 2025-10-06 07:32
Core Points - Danaos Corporation plans to offer up to $500 million of Senior Notes due 2032, subject to market conditions [1] - The net proceeds from the offering will be used to redeem $262.8 million of 8.500% Senior Notes due 2028, repay $130 million and $55.25 million under secured credit facilities, cover refinancing costs, and for general corporate purposes [2] Company Overview - Danaos Corporation is one of the largest independent owners of modern, large-size container vessels, with a fleet of 74 container vessels totaling 471,477 TEUs and 18 vessels under construction totaling 148,564 TEUs [5] - The company has also recently expanded into the drybulk sector by acquiring 10 capesize drybulk vessels with a total of 1,760,861 DWT [5]
PRA Group Announces Proposed Offering of €300.0 Million of Senior Notes due 2032
Prnewswire· 2025-09-22 06:20
Core Viewpoint - PRA Group, Inc. plans to offer €300 million in senior notes due 2032 to repay outstanding borrowings under its North American and European revolving credit facilities [1][3]. Group 1: Offering Details - The senior notes will be guaranteed on a senior unsecured basis by PRA Group and its existing and future domestic subsidiaries [2]. - The offering is intended for qualified institutional buyers and certain persons outside the United States, in compliance with Rule 144A and Regulation S under the Securities Act [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay approximately $174 million of outstanding borrowings under both the North American and European revolving credit facilities [3]. Group 3: Regulatory Compliance - The offering is exempt from the registration requirements of the Securities Act, and the notes will not be registered under the Securities Act or any state securities laws [4]. - Promotion of the notes in the UK is restricted, and they are not being offered to the general public [5][10].
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].
Fnac Darty S.A. launches a repurchase invitation with respect to its outstanding OCEANEs due March 2027 via a reverse bookbuilding
Globenewswire· 2025-03-31 06:30
Core Viewpoint - Fnac Darty S.A. is initiating a repurchase invitation for its outstanding OCEANEs due March 2027, utilizing a reverse bookbuilding process to gather orders from bondholders willing to sell [2][5]. Group 1: Repurchase Details - The company aims to repurchase approximately €190 million of its 2027 OCEANEs, with a repurchase price set at €77.25 per bond [5][7]. - As of March 28, 2025, the total outstanding amount of the 2027 OCEANEs was €199,999,947.63 [6]. - The results of the reverse bookbuilding process are expected to be announced on April 1, 2025, with settlement anticipated on April 8, 2025, contingent upon the issuance of new senior notes [9]. Group 2: Financing and Use of Proceeds - The company successfully placed €300 million in senior notes due 2032, with an interest rate of 4.750% per annum, expected to be issued on April 2, 2025 [3][4]. - Proceeds from the new notes will be allocated to fund the repurchase, refinance the Unieuro acquisition, and cover related fees and expenses, with any remaining funds directed towards general corporate purposes [4]. Group 3: Company Overview - Fnac Darty operates in 14 countries and is a leading European retailer in consumer electronics and domestic appliances, with a revenue of approximately €8 billion in 2024, including 22% from online sales [17]. - The company has over 30,000 employees and a network of more than 1,500 stores, positioning it as a major player in e-commerce, ranked 2 in France [17].