AES Andres B V and Dominican Power Partners Announce Early Tender Results of their Offer to Purchase for Cash Any and All of their Outstanding 7 950% Senior Notes due 2026 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
NOVA Chemicals Corporation Announces Pricing of Private Offering of $575 Million of Senior Notes
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
NOVA Chemicals Corporation (the Company ) announced yesterday the pricing of a private offering of $575 million of senior notes, structured as 8-year non-call 3, due 2029 (the 2029 notes ). The 2029 notes will have an interest rate of 4.250% per annum and are being issued at a price of 100% of their face value. Alongside the 2029 notes offering, the Company announced a tender offer and consent solicitation for its $500 million, 5.250% senior notes due 2023 (the 2023 notes ). The Company plans to use the net proceeds of the 2029 notes offering to redeem the 2023 notes, for general corporate purposes, including prepaying other indebtedness, and to pay fees and expenses related to the offering. The closing of the offering of the 2029 notes is expected to occur on May 11, 2021, subject to customary closing conditions.
NOVA Chemicals Corporation Announces Pricing of Private Offering of $575 Million of Senior Notes
Calgary, Alberta, Canada, April 28, 2021 (GLOBE NEWSWIRE) NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax
NOVA Chemicals Corporation (the “Company”) announced yesterday the pricing of a private offering of $575 million of senior notes, structured as 8-year non-call 3, due 2029 (the “2029 notes”). The 2029 notes will have an interest rate of 4.250% per annum and are being issued at a price of 100% of their face value. Alongside the 2029 notes offering, the Company announced a tender offer and consent solicitation for its $500 million, 5.250% senior notes due 2023 (the “2023 notes”). The Company plans to use the net proceeds of the 2029 notes offering to redeem the 2023 notes, for general corporate purposes, including prepaying other indebtedness, and to pay fees and expen
(2)
Includes the Early Tender Premium.
The Tender Offer will expire at 11:59 p.m., New York City time, on May 14, 2021, unless amended, extended or terminated by the Co-Issuers (the
Expiration Date ).
Subject to the terms and conditions of the Tender Offer, the consideration for each U.S.$1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer will be the Total Consideration (in the case of Notes tendered before the Early Tender Time (as defined below)) or the Tender Offer Consideration (in the case of Notes tendered after the Early Tender Time and before the Expiration Date). Holders of Notes that are validly tendered prior to 5:00 p.m., New York City time, on April 30, 2021 (subject to extension, the
AES Andres B V and Dominican Power Partners Offer to Purchase for Cash Any and All of their Outstanding 7 950% Senior Notes due 2026 apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.