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Century Aluminum Company Closes Private Offering of Convertible Senior Notes; Announces Full .
Century Aluminum CompanyApril 9, 2021 GMT
CHICAGO, April 09, 2021 (GLOBE NEWSWIRE) Century Aluminum Company (NASDAQ: CENX) (“Century”) announced today that it closed its private offering of 2.75% convertible senior notes due May 1, 2028 (the “Notes”) for gross proceeds of $86.25 million, including the full exercise of the option to purchase $11.25 million additional principal amount of Notes granted by Century to the initial purchasers.
The net proceeds from the offering were approximately $82.9 million, after deducting the initial purchasers’ discount and commissions and estimated offering expenses payable by Century. A portion the net proceeds from the offering of the Notes, together with the net proceeds anticipated to be received from Century’s concurrent private offering
Titan International, Inc Prices Senior Secured Notes
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Nordstrom, Inc Announces Closing of $675 Million of Senior Unsecured Notes
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SEATTLE, April 8, 2021 /PRNewswire/ Nordstrom, Inc. (NYSE: JWN) announced today the closing on April 8, 2021 of its previously announced offering of $250 million aggregate principal amount of its 2.300% Senior Notes due 2024 (the 2024 Notes ) and $425 million aggregate principal amount of its 4.250% Senior Notes due 2031 (the 2031 Notes and, together with the 2024 Notes, the Notes ).
The Company will use the net proceeds from the sale of the Notes, together with cash on hand, to redeem in full the $600 million aggregate principal amount of outstanding 8.750% Senior Secured Notes due 2025 (the 2025 Notes ), which were issued in April 2020 during the onset of the COVID-19 pandemic. The redemption price for the 2025 Notes is equal to 100% of the principal amount plus accrued and unpaid interest, including a make-whole premium. The redemption date for the 2025 Notes is April 24, 2021.
Emergent Capital, Inc. Announces Completion of Restructuring
BOCA RATON, FL / ACCESSWIRE
/ April 8, 2021 / Emergent Capital, Inc. (OTCQX:EMGC) ( Emergent or the Company ) announced that on April 7, 2021 it has consummated its previously announced restructuring. Accordingly, Emergent moved its operations to its former subsidiary, Lamington Road DAC, a designated activity company with limited liability incorporated under the laws of Ireland ( Lamington ) and formed the Lamington Road Grantor Trust, a grantor trust organized under the laws of the Cayman Islands (the Trust ), to hold certain securities of Lamington called profit participating notes. The restructuring was done in accordance with the Emergent s Plan of Reorganization, as confirmed by the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ) on December 30, 2020.