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Altria Announces Pricing of Previously Announced Cash Tender Offers
February 16, 2021 GMT
RICHMOND, Va. (BUSINESS WIRE) Feb 16, 2021
Altria Group, Inc. (“Altria”) (NYSE: MO) today announced the pricing terms for its previously announced cash tender offers for certain of its outstanding senior unsecured notes (each, a “Tender Offer” and collectively, the “Tender Offers”).
Tender Offers
Summarized in the table below are the applicable Reference Yields and Total Consideration to be paid in connection with the Tender Offers for (i) up to an amount that is sufficient (the “Pool 1 Maximum Amount”) to allow Altria to accept for purchase all of its 2.850% Notes due 2022 and 2.950% Notes due 2023 (collectively, the “Pool 1 Notes”) that were validly tendered and not validly withdrawn as of the Early Tender Date (collectively, the “Pool 1 Tender Offers”), (ii) up to an am
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Oneok Gas Transmission, aka OGT, had been gaining traction over the past couple of days as a train of winter storms began barreling across the United States. At the start of the week, the Oklahoma point was trading in the $3.00 range. By Friday, no transaction was executed below $125.00.
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Beating back the coronavirus pandemic increasingly looks to be a long-term project. New, more transmissible strains that reduce the potency of vaccines will likely require repeat immunizations or updated shots to be fully tamed.
Drugmakers are now drawing up their response. As a first step, they plan to test whether additional boosters of authorized vaccines will be enough to protect against new strains, or whether they ll need to adjust for mutations from the original SARS-CoV-2 virus that jumped into humans one year ago.
Rather than a one-time emergency, coronavirus vaccine development could become a more enduring business, with Pfizer CEO Albert Bourla recently suggesting shots may be given annually, as they are with influenza. The possibility raises important implications about how the vaccines will be paid for and distributed.
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