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PARSIPPANY, N.J., Dec. 16, 2020 /PRNewswire/ PBF Energy Inc. (NYSE:PBF) ( PBF Energy ) today announced that its indirect subsidiary, PBF Holding Company LLC ( PBF Holding ), intends to commence an add-on offering, subject to market and other conditions, of $250.0 million in aggregate principal amount of 9.25% senior secured notes due 2025 (the Notes ). The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. The Notes will be issued as additional notes under the existing indenture pursuant to which PBF Holding and PBF Finance Corporation previously issued $1,000.0 million aggregate principal amount of 9.25% Senior Secured Notes due 2025. Completion of the offering is subject to, among other things, pricing and market conditions. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.
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PARSIPPANY, N.J., Dec. 16, 2020 /PRNewswire/ PBF Energy Inc. (NYSE:PBF) ( PBF Energy ) today announced that its indirect subsidiary, PBF Holding Company LLC ( PBF Holding ), priced an add-on offering of $250.0 million in aggregate principal amount of 9.25% senior secured notes due 2025 (the Notes ) at an issue price of 100.25% of their face value. The Notes will be co-issued by PBF Finance Corporation, a wholly owned subsidiary of PBF Holding. The Notes will be issued as additional notes under the existing indenture pursuant to which PBF Holding and PBF Finance Corporation previously issued $1,000.0 million aggregate principal amount of 9.25% Senior Secured Notes due 2025. The offering is expected to close on December 21, 2020, subject to customary closing conditions. PBF Holding intends to use the net proceeds from the offering for general corporate purposes.
Microchip Technology Announces Pricing of Senior Secured Notes
CHANDLER, Ariz., Dec. 14, 2020 (GLOBE NEWSWIRE) Microchip Technology Incorporated (NASDAQ: MCHP) (“Microchip,” “we” or “our”) announced today the pricing of $1.4 billion in aggregate principal amount of senior secured notes due February 15, 2024 (the “Notes”) which will bear interest at an annual rate of 0.972%. The offering of the Notes is expected to close on December 17, 2020, subject to customary closing conditions.
Microchip intends to use the net proceeds from the offering of the Notes to repay substantially all amounts outstanding under its term loans under its Amended and Restated Credit Agreement dated as of May 29, 2018, as amended, and to use borrowings under its revolving credit facility to pay all related fees and expenses of the offering and the remaining balance of its outstanding term loans.
Adani Ports share rises 2% as firm s joint venture to raise $300 million
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages
BusinessToday.In | December 15, 2020 | Updated 14:34 IST
Market capitalisation of the stock stood at Rs 97,199 crore today
Adani Ports and Special Economic Zone share gained over 2% on Tuesday after the company said its joint venture would raise $300 million.
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages. Market capitalisation of the stock stood at Rs 97,199 crore today.
Adani Ports JV to raise $300 mn
Posted On: 2020-12-14 19:23:11 (Time Zone: Arizona, USA)
Adani International Container Terminal Private Limited ( AICTPL ), a 50:50 joint venture of Adani Ports and Special Economic Zone Limited and Terminal Investment Limited Holding S.A., priced an offering of US$ 300 million 3.00% Senior Secured Notes due 2031 (the Notes , and such offer of the Notes, the Offering ). The Notes will be issued to institutional investors permitted to invest in the Notes under applicable laws.
The Notes are expected to be rated Baa3 by Moody s Investors Service Inc., BBB- Standard & Poor s Ratings Services and BBB- by Fitch Ratings Inc.