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WATERBURY, Conn. and PEARL RIVER, N.Y., April 19, 2021 /PRNewswire/ Webster Financial Corporation (NYSE: WBS) ( Webster ) and Sterling Bancorp (NYSE: STL) ( Sterling ) jointly announced today that their boards of directors have approved by unanimous vote a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.
Under the terms of the agreement, Sterling will merge into Webster, and Sterling s shareholders will receive a fixed exchange ratio of 0.463 of a Webster share for each share of Sterling stock they own. Following the closing of the transaction, Webster shareholders will own approximately 50.4% of the combined company, and Sterling shareholders will own approximately 49.6%, on a fully diluted basis.
Metalsa Announces Cash Tender Offer And Consent Solicitation
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Metalsa or the
Company ) announced today that it has commenced a cash tender offer (the
Tender Offer ) for any and all of the outstanding U.S.$300,000,000 aggregate principal amount of its 4.900% Senior Notes due 2023 (the
Notes ).
Consent Solicitation ) from the holders of the Notes for the adoption of proposed amendments (the
Proposed Amendments ), which would, among other things, (i) eliminate substantially all of the restrictive covenants, as well as various events of default and related provisions contained in the indenture governing the Notes (the
Indenture ), (ii) reduce the minimum required notice period for the redemption of Notes from 30 days to three business days prior to the date fixed for redemption (maintaining the maximum notice period of 60 days) and (iii) amend the covenant in the Indenture with respect to consolidation, merger, sale or conveyan
NEWPORT BEACH, Calif. – April 19, 2021 – Days after officially introducing the company’s Sustainable Bond Framework , Pacific Life announced today it has completed an inaugural $800 million Sustainability Bond offering through the Capital Markets Group of its Institutional Division. The Sustainability Bonds were offered in the form of funding agreement-backed notes and drew the interest of over 70 investors, with more than half of the order book going specifically to environmental, social and governance (ESG)-focused investment accounts. “This issuance is an opportunity to expand the breadth and depth of our sustainable activities,” said Joe Krum, vice president and managing director, Institutional Capital Markets Group at Pacific Life. “Perhaps, more importantly, it’s a declaration of Pacific Life’s intention to be a key ESG thought leader and to engage investors based on our shared values and aspirational goals.”
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FREMONT, Calif., April 19, 2021 /PRNewswire/ SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, announced today that it has entered into a new $5.0 billion credit facility consisting of a $1.5 billion term loan and a $3.5 billion revolving credit facility with 29 leading financial institutions. This new credit facility replaces $5.0 billion out of the $7.5 billion of bridge commitments provided under the previously disclosed debt commitment letter entered into by SYNNEX in connection with its proposed merger with Tech Data. The remaining $2.5 billion of bridge commitments were also successfully syndicated to a number of financial institutions. The closing and initial funding under these facilities is subject to customary funding conditions, including the consummation of the previously announced merger with Tech Data. As previously disclosed, SYNNEX in