KKR ( KKR ) priced an offering of $550 million worth of new 6.875% exchange traded subordinated notes due 2065. The fixed coupon will be paid quarterly, and KKR has the option to redeem the notes earlyWhether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred stock activity that we notice here at the CDx3 ...

VANCOUVER, BC, June 30, 2025 /PRNewswire/ - TELUS Corporation (the "Company") today 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 below) of its outstanding notes of the series listed in the table below (collectively, the "Notes"), and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from C$600,000,000 to an amount sufficient to accept all tendered 3.95% Senior ...

Core Viewpoint - TELUS has successfully closed an offering of US$1.5 billion in Fixed-to-Fixed Rate Junior Subordinated Notes to fund its tender offers and other corporate purposes [1][2] Group 1: Offering Details - The offering consists of two series of Notes, with a total principal amount of US$1.5 billion [1] - The underwriters for the offering include J.P Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC [1] Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to fund TELUS' previously announced tender offers [2] - If any tender offer is not completed, the remaining proceeds will be allocated for debt repayment and other general corporate purposes [2] Group 3: Company Overview - TELUS operates in over 45 countries and generates more than C$20 billion in annual revenue, serving over 20 million customer connections [7] - The company is focused on leveraging technology for positive human outcomes and is recognized for its commitment to client service excellence and social capitalism [7] - TELUS Health impacts over 150 million lives globally through innovative health technologies, while TELUS Agriculture & Consumer Goods enhances connections between producers and consumers using digital technologies [7]

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISCLAIMER" BELOW). Paris, June 26th 2025 Notice of Early Redemption (amended) To :(i) The Noteholders of the below mentioned Notes; (ii) Euronext Paris;(iii) Fiscal Agent. Dear Sirs, Crédit Industriel et Commercial S.A., Issuance of F 500 000 000 (€76 224 508),Undated Subordinatede Notes With the Isin code: FR0000584377 (the ‘’Notes’’) Crédit Industri ...

HAMILTON, N.J., June 18, 2025 (GLOBE NEWSWIRE) -- First Bank (the “Bank”) (NASDAQ: FRBA) today announced the closing of a $35.0 million private placement of fixed-to-floating rate subordinated notes. The Bank plans to use the proceeds to redeem its outstanding $30.0 million of subordinated notes and for general corporate purposes. The notes have a maturity date of June 30, 2035, and carry a fixed rate of interest of 7.125% for the first five years. Thereafter, the notes will pay interest at a floating rate, ...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISCLAIMER" BELOW). Paris, June 11th 2025 Notice of Early Redemption To :(i) The Noteholders of the below mentioned Notes; (ii) Euronext Paris(iii) Fiscal Agent. Dear Sirs, Crédit Industriel et Commecial S.A., Issuance of F 500 000 000 (€76 224 508),Undated Subordinatede Notes With the Isin code: FR0000584377 (the ‘’Notes’’); Crédit Industriel et Comme ...

CHARLOTTE, N.C., June 05, 2025 (GLOBE NEWSWIRE) -- DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (Nasdaq: XRAY) today announced it has priced an offering (the “Offering”) of $550 million aggregate principal amount of its 8.375% Junior Subordinated Notes due 2055 (the “notes”). The Offering is expected to close on June 12, 2025, subject to customary closing conditions. The notes will bear interest at a fixed rate of 8.375% per year until September 12, 2030 (the “First Reset Date”). On and after t ...

Groupama announced the issue on 19 May 2025 of Euro-denominated Fixed Rate subordinated notes due 2035 placed with institutional investors for a principal amount of EUR 500 million. The new notes priced at MS+190, resulting in an annual coupon of 4.375%. The purpose of this transaction was to take advantage of current supportive market conditions to optimize the group’s capital structure. Investors showed significant interest with the order book more than 5 times oversubscribed. The main terms of the new is ...

Core Viewpoint - Valley National Bancorp announced the full redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, totaling $115 million, effective June 15, 2025, enhancing its financial flexibility and capital efficiency [1][3]. Group 1: Redemption Details - The total principal amount of the Notes being redeemed is $115,000,000 [1]. - The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the Redemption Date [1]. - Holders of the Notes will receive notice and further instructions regarding the redemption process [2]. Group 2: Company Background - Valley National Bank, the principal subsidiary of Valley National Bancorp, has approximately $62 billion in assets [3]. - The bank operates numerous branch locations and commercial banking offices across several states, including New Jersey, New York, Florida, Alabama, California, and Illinois [3]. - Valley National Bank is committed to supporting community growth and providing innovative services to meet customer needs [3].

Core Points - Brookfield Infrastructure Partners L.P. announced the issuance of $250 million in Fixed-to-Fixed Reset Rate Subordinated Notes due September 1, 2055, with an initial interest rate of 5.598% until September 1, 2030, and subsequent resets every five years [1][2] - The net proceeds from the offering will be used for general corporate purposes, including repayment of outstanding debt [1] - The Notes will be issued by Brookfield Infrastructure Finance ULC, a wholly-owned subsidiary, and are guaranteed on a subordinated basis by Brookfield Infrastructure and certain subsidiaries [2][3] Company Overview - Brookfield Infrastructure is a leading global infrastructure company that operates high-quality, long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [7] - The company focuses on assets with contracted and regulated revenues that generate predictable and stable cash flows [7] - Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, which manages over $1 trillion in assets [8]