corradotedeschi
Forumer storico
Io le ho a 90 figurati....
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (16 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
corradotedeschi
Forumer storico
Talen Energy Supply, LLC Announces Final Tender Results
THE WOODLANDS, Texas , Nov. 29, 2018 / PRNewswire / - Talen Energy Supply, LLC (the " Company " or " Talen Energy Supply ") today annoncé the final tender results for ict Previously annoncé tender offers (the " Tender Offers " ) to purchase for cash up to an aggregate purchase price of $ 400,000,000 (the " Aggregate Maximum Tender Amount ") of ict 4.600% Senior Notes due 2021 (the " 2021 Notes "), 9.500% Senior Notes due 2022 (the " 2022 Notes " ) and 6.500% Senior Guaranteed Notes due 2024 (the " 2024 Notes " and,together with the 2021 Notes and the 2022 Notes, the "Securities "). The Tender Offers Were made pursuant to the terms and conditions set forth in the offer to purchase, dated October 30, 2018 , as Supplemented by Supplement No. 1 to the Offer to Purchase, dated November 5, 2018 (together, the " Offer to Purchase ").
As of the Previously annoncé expiration date and time of 11:59 pm , New York City time, we November 28, 2018 (the " Expiration Date "), selon information provided by Global Bondholder Services Corporation, the tender agent for the Tender Offers , a total of $ 427,704,000 main aggregate amount of the 2021 Notes, $ 135,485,000 main aggregate amount of the 2022 Notes, and $ 10,788,000 main aggregate amount of the 2024 Notes had been validly tendered and not validly withdrawn in the Tender Offers. Because the Tender Offers were fully subscribed as of 5:00 pm , New York City time, onNovember 13, 2018 (the " Early Tender Date"), were not accepted as early as the date of receipt of the original notes, since the aggregate principal amount of the 2021 Notes validly tendered and not validly withdrawn beyond the Aggregate Maximum Tender Amount, the Company will not accept any 2022 Gold Notes 2024 Notes that have been tendered by the Rather, the Company will prorate the 2021 Notes to be used by the proration factor of approximately 98.615%. Tender Date (other than the 2021 Notes accepted for purchase), were returned to the holders as described in the Offer to Purchase.The table below sets forth the principal amounts of the securities that have been validly tendered and not validly withdrawn by the early date that will be accepted for purchase by the Company.
Title of Security
CUSIP / ISIN Number
Senior Amount Outstanding
Acceptance Priority Level
Total Consideration (1) (2)
Main
Tendered Amount at Early
Tender Date
Main Amount
Accepted at Early
Tender Date
4.600% Senior Notes due 2021
69352JAN7;
US69352JAN72
$ 576,001,000
1
$ 950.00
$ 427,704,000
$ 421,053,000
9.500% Senior Notes due 2022
87422VAB4
US87422VAB45
U8302WAA2,
USU8302WAA28
$ 400,000,000
2
$ 1,035.00
$ 135,485,000
(3)
6.500% Senior Guaranteed Notes due 2024
U8302WAB0
USU8302WAB01
87422VAC2
US87422VAC28
$ 98,056,000
3
$ 670.00
$ 10,788,000
(3)
(1) Per $ 1,000 principal amount of securities validly tendered and accepted for purchase
(2) Includes Early Tender Payment
(3) Securities from such series will be accepted by the Company.
The " Total Consideration " for the 2021 Notes validly tendered and accepted for purchase to the Tender Offers is shown in the table above. Holders of the 2021 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date Accepted for full acceptance 2021 Notes accepted for purchase. Holders will also receive and unpaid interest on the 2021 Notes validly tendered and accepted for the purpose of making the payment, which date is anticipated to be December 3, 2018 .
scusate io ho la 2026 10,50% quindi presumo niente tender..non mi e' arrivato nulla…………..
angy2008
Forumer storico
pagano solo la 2021 e pure con riparto a quanto pare ma mi pare strano che vogliano fare un riparto così piccolo, in genere in casi simili alzano la posta in ballo e qui l'hanno alzata ma non a sufficienza
IL MARATONETA
Forumer storico
Anche io sulla 2026 e non leggo che sia compresa tra quelle oggetto dell'offerta.
Near
Forumer storico
Talen ha un sacco di problemi tra cause e altro
così mi sembra di aver capito
PPL files complaint against Talen Energy
Fight brewing over prospect of nuclear power plant shutdowns
invece Safeway e albertson sembravano navigare in acque serene
Macy's continues voluntary debt reduction with its announced tender offer
Originally published on 29 November 2018 On 28 November, Macy's, Inc. (Baa3 stable) announced a tender offer for $600 million in senior unsecured notes of various maturities, a credit positive. The tender offer affirms the company's plan to apply free cash flow during fiscal 2018 (ending 2 February 2019) to pay down debt, as it has already paid down approximately $350 million this fiscal year prior to the announcement. Macy's focus on debt repayment again in 2018 has moved the company toward its stated (company-defined) adjusted leverage ratio target of 2.5x-2.8x. We anticipate that Macy's Moody's-adjusted debt to EBITDA will approach 2.8x by the end of fiscal 2018. Macy's voluntary debt reduction will approach $2 billion by the end of the fiscal year, which has been integral to managing leverage to its target levels. Macy's been able to improve its sales performance as it continues to invest in its business and meet increasing consumer demand to shop fluidly between channels. Macy's Baa3/Prime-3 rating reflects its large scale with the latest 12 months that ended 3 November 2018 revenue of $25.9 billion and its market position as the US' largest omni-channel department store chain. We believe that Macy's size and solid position in the department store sector, as well as its integrated approach to its store and websites will enhance its ability to mitigate secular pressures facing the industry. Macy's credit profile is also supported by its excellent liquidity and its clearly stated balance sheet targets. Macy's concentration in the department store sector constrains the rating since we view the sector as more challenging given current secular trends that include higher price transparency and intense competition from fashion, off price and on-line apparel. Ratings could be upgraded if same-store sales and operating income reflect sustained and improving performance. Quantitatively, ratings could be upgraded should debt to EBITDA be sustained below 2.7x and EBIT to interest expense is sustained above 4.25x. Ratings could be downgraded if operating performance falters or financial policies change such that debt to EBITDA sustained above 3.75x, or if EBIT to interest expense were likely to remain below 3.25x
Originally published on 29 November 2018 On 28 November, Macy's, Inc. (Baa3 stable) announced a tender offer for $600 million in senior unsecured notes of various maturities, a credit positive. The tender offer affirms the company's plan to apply free cash flow during fiscal 2018 (ending 2 February 2019) to pay down debt, as it has already paid down approximately $350 million this fiscal year prior to the announcement. Macy's focus on debt repayment again in 2018 has moved the company toward its stated (company-defined) adjusted leverage ratio target of 2.5x-2.8x. We anticipate that Macy's Moody's-adjusted debt to EBITDA will approach 2.8x by the end of fiscal 2018. Macy's voluntary debt reduction will approach $2 billion by the end of the fiscal year, which has been integral to managing leverage to its target levels. Macy's been able to improve its sales performance as it continues to invest in its business and meet increasing consumer demand to shop fluidly between channels. Macy's Baa3/Prime-3 rating reflects its large scale with the latest 12 months that ended 3 November 2018 revenue of $25.9 billion and its market position as the US' largest omni-channel department store chain. We believe that Macy's size and solid position in the department store sector, as well as its integrated approach to its store and websites will enhance its ability to mitigate secular pressures facing the industry. Macy's credit profile is also supported by its excellent liquidity and its clearly stated balance sheet targets. Macy's concentration in the department store sector constrains the rating since we view the sector as more challenging given current secular trends that include higher price transparency and intense competition from fashion, off price and on-line apparel. Ratings could be upgraded if same-store sales and operating income reflect sustained and improving performance. Quantitatively, ratings could be upgraded should debt to EBITDA be sustained below 2.7x and EBIT to interest expense is sustained above 4.25x. Ratings could be downgraded if operating performance falters or financial policies change such that debt to EBITDA sustained above 3.75x, or if EBIT to interest expense were likely to remain below 3.25x
fedro10
è la somma che fa il totale...
fabriziof
Forumer storico
Scandaloso