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Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (21 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
Si ma su ISP niente!!
bia06
Listen other's viewpoint avoid conflicts & wars.
News Release Issued: Jun 21, 2019 (8:03am EDT)
To view this release online and get more information about Talen Energy visit: Talen Energy Supply, LLC Announces $470 Million Offering of Senior Secured Notes
Talen Energy Supply, LLC Announces $470 Million Offering of Senior Secured Notes
THE WOODLANDS, Texas, June 21, 2019 /PRNewswire/ -- Talen Energy Supply, LLC (the "Company" or "Talen Energy Supply") announced today that it intends to offer, subject to market and other conditions, $470 millionin aggregate principal amount of its senior secured notes due 2028 (the "Notes") in a private offering. The Notes will be guaranteed by certain of Talen Energy Supply's subsidiaries that guarantee its existing indebtedness. The Notes and the guarantees will be secured equally and ratably with the Company's senior secured notes due 2027, existing revolving credit facility and the New Term Loan B (described below) by a first-priority lien on substantially all of the property and assets of the Company and the guarantors. Talen Energy Supply intends to use the net proceeds from this offering, together with cash on hand and proceeds from a new seven-year $500 million Term Loan B facility that it intends to begin syndicating today and to close concurrently with the closing of the Notes (the "New Term Loan B"), to repay in full its existing Term Loan B-1 and Term Loan B-2 and to pay transaction fees and expenses.
To view this release online and get more information about Talen Energy visit: Talen Energy Supply, LLC Announces $470 Million Offering of Senior Secured Notes
Talen Energy Supply, LLC Announces $470 Million Offering of Senior Secured Notes
THE WOODLANDS, Texas, June 21, 2019 /PRNewswire/ -- Talen Energy Supply, LLC (the "Company" or "Talen Energy Supply") announced today that it intends to offer, subject to market and other conditions, $470 millionin aggregate principal amount of its senior secured notes due 2028 (the "Notes") in a private offering. The Notes will be guaranteed by certain of Talen Energy Supply's subsidiaries that guarantee its existing indebtedness. The Notes and the guarantees will be secured equally and ratably with the Company's senior secured notes due 2027, existing revolving credit facility and the New Term Loan B (described below) by a first-priority lien on substantially all of the property and assets of the Company and the guarantors. Talen Energy Supply intends to use the net proceeds from this offering, together with cash on hand and proceeds from a new seven-year $500 million Term Loan B facility that it intends to begin syndicating today and to close concurrently with the closing of the Notes (the "New Term Loan B"), to repay in full its existing Term Loan B-1 and Term Loan B-2 and to pay transaction fees and expenses.
impegnativo
Guest
Ma tu hai scritto: "Magari con altra banca?"
E io ti ho risposto.
Scusa, io volevo sapere se esiste qualche altra banca che non ha accreditato la cedola. Nei post precedenti mi sembra che tutti abbiano incassato, come binck e altre.
captain sparrow
Forumer storico
incredibile la Vallourec, tornata in ask 93, ma con 5 punti di spread bid/ask.
waltermasoni
Caribbean Trader
Fitch Upgrades Nexi to 'BB-'; Rates Senior Secured Debt 'BB'
21 JUN 2019 10:22 AM ET
Fitch Ratings - Milan - 21 June 2019:
Fitch Ratings has upgraded Nexi SpA's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' and removed it from Rating Watch Positive. The Outlook is Positive
Nexi is a key player in the Italian credit card and digital payments value chain, providing mainly card issuance and merchant-acquiring solutions, alongside digital payment services.
The upgrade follows Nexi's listing on the Italian Stock Exchange completed in April 2019 and the company's ensuing material gross leverage reduction. Following IPO, Nexi allocated around EUR700 million of proceeds from the IPO and part of the cash on its balance sheet to reduce outstanding debt. Nexi also finalised new debt facilities that partially refinanced its previously outstanding senior secured notes with lower interest costs. In addition the upgrade reflects increased margins following progress on the realisation of the company's synergy and cost-saving initiatives announced in 2018.
The Positive Outlook reflects Fitch's expectation of a stabilisation of Nexi's financial policy over the next four-to six-quarters, including a wind down of the M&A activity started in 2016.
21 JUN 2019 10:22 AM ET
Fitch Ratings - Milan - 21 June 2019:
Fitch Ratings has upgraded Nexi SpA's Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B+' and removed it from Rating Watch Positive. The Outlook is Positive
Nexi is a key player in the Italian credit card and digital payments value chain, providing mainly card issuance and merchant-acquiring solutions, alongside digital payment services.
The upgrade follows Nexi's listing on the Italian Stock Exchange completed in April 2019 and the company's ensuing material gross leverage reduction. Following IPO, Nexi allocated around EUR700 million of proceeds from the IPO and part of the cash on its balance sheet to reduce outstanding debt. Nexi also finalised new debt facilities that partially refinanced its previously outstanding senior secured notes with lower interest costs. In addition the upgrade reflects increased margins following progress on the realisation of the company's synergy and cost-saving initiatives announced in 2018.
The Positive Outlook reflects Fitch's expectation of a stabilisation of Nexi's financial policy over the next four-to six-quarters, including a wind down of the M&A activity started in 2016.
captain sparrow
Forumer storico
Domanda da un milione di EU. Qualche grossa vendita deve esserci stata. Come mai?
waltermasoni
Caribbean Trader
Avon International Capital PLC's $350 Million Senior Secured Notes Rated 'BB-' (Recovery: '1') On CreditWatch Developing
- 21-Jun-2019 14:49 EDT
- Table of Contents
NEW YORK (S&P Global Ratings) June 21, 2019--S&P Global Ratings today assigned its 'BB-' issue-level rating and '1' recovery rating to Avon International Capital PLC's proposed $350 million senior secured notes due 2022 and placed the issue-level rating on CreditWatch with developing implications. The '1' recovery rating indicates our expectation for very high (90%-100%; rounded estimate: 95%) recovery of principal in the event of a payment default. We expect that the company will use the proceeds from these notes to purchase and redeem its outstanding 4.6% senior notes due March 2020 through a tender offer. The notes are secured obligations that rank pari passu with Avon International Capital PLC's €200 million revolving credit facility due 2022 and Avon International Operations Inc.'s $500 million senior secured notes due August 2022. In addition to the these debt instruments, Avon's capital structure also includes two tranches of unsecured notes due in 2023 and 2043.
At the same time, we revised our CreditWatch on all of the company's existing debt tranches to developing from positive because of the uncertain guarantee structure following the merger between Avon Products Inc. and Natura Cosmeticos S.A. It is our understanding that Natura will not guarantee any of Avon's debt obligations prior to closure of the merger. However, we are uncertain about the post-merger capital structure of the combined company, and whether Avon would provide any upstream guarantees to Natura which could negatively affect our issue-level and recovery ratings on its outstanding debt.
All of our other ratings on Avon remain unchanged. Our 'B' issuer credit rating on Avon remains on CreditWatch, where we placed it with positive implications on March 25, 2019, following the company's announcement that it was in discussions with Natura for a possible merger. We could either raise or affirm our ratings on Avon after we complete our review. The outcome will likely depend on our post-transaction issuer credit rating on Natura and the level of support that it will provide to Avon. We will resolve the CreditWatch placements on our issuer credit rating and issue-level ratings when the merger has been completed.