Houghton Mifflin Harcourt Announces Commencement of Asset Sale Offer and Collateral Asset Sale Offer to Purchase Up to $158 Million of Senior Secured Notes
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BOSTON, May 11, 2021 /PRNewswire/ Learning technology leader Houghton Mifflin Harcourt ( HMH or the Company ) (Nasdaq: HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, are commencing a cash tender offer (the Asset Sale Offer ) to purchase up to $158 million aggregate principal amount (the Offer Amount ) of their 9.000% Senior Secured Notes due 2025 (the Notes ), at a purchase price of 100% of the principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date.
Lorna Cobbett Tel: +44 (0) 7771 344 781
Notes to Editors: § £15.0 million in cash will initially be made available for claims under the Scheme, with up to a potential further £20.0 million dependent on the volume of claims received from current customers relating to loans with outstanding balances. Amigo will continue to be responsible for all customer balance adjustments in full. § Amigo will make an annual cash contribution to the Scheme based on 15.0% of pre-tax profit for the next four financial years beginning on 1 April 2021 up to 31 March 2025.
Additional information
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.
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Northern Oil and Gas, Inc. Announces First Quarter 2021 Results
May 7, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) May 7, 2021
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the company’s first quarter results.
MANAGEMENT COMMENTS
“The first quarter performance was above our internal expectations across all metrics as our core Williston & Permian properties continued to deliver,” commented Nick O’Grady, Northern’s Chief Executive Officer. “The Company generated $41.7 million of Free Cash Flow, approximately 6% of our total quarter end market capitalization in a single quarter. I am also very excited that we were able to continue to improve our liquidity and balance sheet with the completion of our financings in February. These transactions along with the continued growth of our business should provide us with sufficient cash flow to continue ou
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QUINCY, Ill., May 7, 2021 /PRNewswire/ Titan International, Inc. (NYSE: TWI) ( Titan or the Company ) today announced the completion of its previously announced redemption of all of its outstanding $400,000,000 aggregate principal amount of the 6.50% Senior Secured Notes due 2023 (the 2023 Notes ). The Company redeemed the notes at a price of $1,032.50 for each $1,000 principal amount of notes redeemed, or $413.0 million in total, plus approximately $11.3 million of unpaid interest accrued to the redemption date. The Company did not incur any early termination penalties in connection with the redemption of the 2023 Notes beyond the premium reflected in the redemption price described above.
11 June 2021 The Stabilisation M anager(s)mayover-allotthesecurities tothe extentpermitted inaccordancewith applicablelaws and rules. Stabilisation trading venue: In connection with the offer of the above securities, the Stabilisation Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules. This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.