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Gray Announces Closing of Offering of $775 Million of 7.250% Senior Secured First Lien Notes due 2033
Globenewswire· 2025-07-25 20:30
Core Points - Gray Media, Inc. has completed an offering of $775 million in 7.250% senior secured first lien notes due 2033, issued at par [1] - The net proceeds from the notes will be used to repay portions of existing term loans and revolving credit facility, as well as for general corporate purposes [2][6] - The notes are guaranteed by existing and future restricted subsidiaries of Gray, with interest payable semiannually starting February 15, 2026, and maturing on August 15, 2033 [3] Financial Details - $630 million of Term Loan D has been repaid, leaving a balance of $739 million - $80 million of Term Loan F has been repaid, leaving a balance of $10 million - All $50 million outstanding under the Revolving Credit Facility has been repaid, leaving $750 million of undrawn availability [6]
Flutter announces the pricing of $1,272 million aggregate principal amount of Additional Senior Secured Notes due 2031
Globenewswire· 2025-07-24 17:25
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO DUBLIN and TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment plc (“Flutter”) (NYSE:FLUT; LSE:FLTR), today announced the pricing of an offering (the “Offering”) of $625 million aggregate principal amount of 5.875% senior secured notes due 2031 issued at par, €300 million aggregate principal amount of 4.000% senior secured notes due 2031 issued at par, and £250 million aggregat ...
AS Pro Kapital Grupp announces a partial repayment under its senior secured bonds
Globenewswire· 2025-07-24 10:00
AS Pro Kapital Grupp announces a partial repayment under its senior secured bonds AS Pro Kapital Grupp (hereinafter referred to as the Company) announces that the Company will repay an aggregate nominal amount of EUR 9,405,000 (EUR 330 per bond) together with accrued and unpaid interest under its maximum EUR 28,500,000 senior secured callable fixed rate bonds 2020/2028 with ISIN SE0013801172 with an aggregate outstanding amount of EUR 19,950,000 (hereinafter referred to as the Bonds and the Partial Repaymen ...
Flutter announces launch of offering of Additional Senior Secured Notes due 2031
Globenewswire· 2025-07-23 07:30
Core Viewpoint - Flutter Entertainment plc is launching an offering of senior secured notes in multiple currencies to fund strategic acquisitions and partnerships, indicating a proactive approach to growth and market positioning [1][3]. Group 1: Offering Details - Flutter is offering USD, EUR, and GBP-denominated senior secured notes due in 2031, which will be a further issuance of previously issued notes [1]. - The total amount intended to be raised through the notes and an incremental debt facility is $1,755 million [3]. Group 2: Purpose of Funds - Proceeds from the offering will be used to acquire a 5% minority interest in FanDuel and to extend a strategic partnership with Boyd Interactive Gaming Holdings, L.L.C. [3]. Group 3: Company Overview - Flutter is recognized as a leading online sports betting and iGaming operator globally, with a strong market presence in the US [4]. - The company operates a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others [5].
Gray Announces Upsizing and Pricing of $775 Million of 7.250% Senior Secured First Lien Notes due 2033
Globenewswire· 2025-07-22 22:18
ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $775 million aggregate principal amount of 7.250% senior secured first lien notes due 2033 (the “Notes”). This represents an increase of $75 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on July 25, 2025, subject to customary closing conditions. The Notes are being offe ...
Gray Announces Private Offering of Senior Secured First Lien Notes
Globenewswire· 2025-07-22 12:15
ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that it intends to offer up to $700 million aggregate principal amount of senior secured first lien notes due 2033, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). Gray intends to use the net proceeds of the offering, together with borrowings under Gray’s revolving credit facility, to (i) repay ...
Clear Channel Outdoor Holdings, Inc. Announces Pricing of Senior Secured Notes Due 2031 and Senior Secured Notes Due 2033
Prnewswire· 2025-07-21 21:30
Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has announced the pricing of an offering of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033, with the issuance expected to complete on August 4, 2025 [1] Group 1: Offering Details - The offering consists of $1,150 million of 7.125% Senior Secured Notes due 2031 and $900 million of 7.500% Senior Secured Notes due 2033 [1] - The Notes will be guaranteed on a senior secured basis by certain wholly owned domestic subsidiaries of the Company [2] - The Notes will be secured by a first-priority basis on the Company's and Guarantors' assets, with a second-priority on accounts receivable related to the Receivables Facility [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to redeem all outstanding 5.125% Senior Secured Notes due 2027 and 9.000% Senior Secured Notes due 2028, as well as to pay related transaction fees and expenses [3] Group 3: Company Overview - Clear Channel Outdoor Holdings is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [5] - The Company aims to broaden its advertiser base by enhancing its advertising platform and delivering measurable campaigns [5]
Gray Announces Closing of Offering of $900 Million of 9.625% Senior Secured Second Lien Notes due 2032
Globenewswire· 2025-07-18 20:30
Core Viewpoint - Gray Media, Inc. has successfully completed an offering of $900 million in senior secured second lien notes with a 9.625% interest rate, maturing in 2032 [1] Group 1: Financial Details - The net proceeds from the notes will be utilized to redeem all outstanding 7.000% senior notes due 2027, repay a portion of Term Loan F amounting to $402.5 million, and cover fees and expenses related to the offering [2] - After the repayment, the remaining balance of Term Loan F is $90 million [2] - Interest on the notes will accrue from July 18, 2025, and will be paid semiannually starting January 15, 2026 [3] Group 2: Legal and Regulatory Information - The notes and related guarantees are not registered under the Securities Act of 1933 and can only be offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S [4]
CENX Prices Private Offering of 6.875% Senior Secured Notes
ZACKS· 2025-07-17 13:35
Key Takeaways CENX priced $400M of 6.875% senior secured notes due August 2032. Net proceeds will refinance 7.50% notes due 2028 and repay credit facility borrowings. CENX's obligations are backed by liens on substantially all its and the guarantors' assets.Century Aluminum Company (CENX) has announced the pricing of its earlier disclosed private offering of $400 million in total principal amount of 6.875% senior secured notes, due August 2032.The notes will be issued at 100% of their total principal amou ...
INNOVATE Launches Indebtedness Refinancing Transactions
Globenewswire· 2025-07-17 12:42
Core Viewpoint - INNOVATE Corp. is initiating a series of refinancing transactions aimed at extending the maturities of its debt obligations, which includes exchanges of convertible and senior secured notes, as well as amendments to existing credit agreements [1][2][3]. Debt Refinancing Transactions - The company plans to exchange approximately $48.7 million of its existing 7.5% Convertible Senior Notes due 2026 for about $51.1 million of newly issued 9.5% Convertible Senior Notes due 2027 [2]. - An exchange offer has been launched for $330 million of 8.5% Senior Secured Notes due 2026, offering new 10.5% Senior Secured Notes due 2027 [3][4]. - The refinancing transactions are contingent upon the participation of at least 98% of the outstanding principal amount of the Existing Senior Secured Notes [7]. Agreements in Principle - The company has reached agreements in principle to extend the maturity of its 2020 Revolving Credit Agreement to September 15, 2026 [13]. - An agreement has been made to extend the maturity of the CGIC note to April 2027, with an interest rate of 16% [14]. - The maturity of Spectrum Notes is set to be extended to September 30, 2026, contingent on meeting certain strategic milestones [15]. - The maturity of R2 Technologies' note is proposed to be extended to August 1, 2026, with an interest rate of 12% [16]. Participation and Deadlines - The early participation deadline for the exchange offer is set for July 30, 2025, with the final settlement expected on August 15, 2025 [8]. - Supporting Noteholders, representing approximately 75.3% of the Existing Senior Secured Notes, have agreed to participate in the exchange offer [6].