top of page

Rain Carbon Inc. - Tender Offer - Early Tender Results

Rain Carbon Inc. Announces Early Tender Results of its Cash Tender Offer For up to $480.0 million of its 7.250% Senior Secured Notes due 2025

09 AUGUST 2023


Full announcement including disclaimers and offer restrictions available via PRN (Source: Rain Carbon Inc.)


...


"As of 5:00 p.m., New York City time, on August 9, 2023 (the "Early Tender Deadline"), $490.7 million aggregate principal amount of the Notes, representing approximately 92% of the Notes outstanding (excluding the $20.2 million aggregate principal amount of Notes held by the Company or any of its affiliates), had been validly tendered (and not validly withdrawn) pursuant to the Tender Offer. The Early Tender Deadline has passed and, accordingly, Notes validly tendered in the Tender Offer may no longer be withdrawn. The Company intends to purchase all Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline, subject to proration. Because the aggregate principal amount of Notes tendered prior to the Early Tender Deadline exceeds the Maximum Tender Amount, the acceptance of and payment for Notes validly tendered at or prior to the Early Tender Deadline will be subject to proration as set forth in the procedures described in the Offer to Purchase and any Notes tendered after the Early Tender Deadline will not be eligible for purchase. Payment for Notes tendered and not validly withdrawn prior to the Early Tender Deadline is expected to be made on August 17, 2023 (the "Early Settlement Date").


The total consideration payable on the Early Settlement Date for each $1,000 principal amount of Notes that are validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline and accepted for purchase pursuant to the Tender Offer will be $1,000.70 (the "Total Consideration"), which includes the early tender payment of $30.00 (the "Early Tender Payment"). Holders are also eligible to receive accrued and unpaid interest in respect of their purchased Notes from the most recent interest payment date to, but not including, the applicable payment date for their Notes.

Because the Company expects to accept for purchase the Maximum Tender Amount, no additional Notes will be purchased pursuant to the Tender Offer after the Early Settlement Date."


...

 

Rain Carbon Inc. Announces Commencement of Cash Tender Offer For Up to $480.0 Million of its 7.250% Senior Secured Notes due 2025

26 JULY 2023


Full announcement including disclaimers and offer restrictions available via PRN (Source: Rain Carbon Inc.)


"STAMFORD, Conn., July 26, 2023 /PRNewswire/ -- Rain Carbon Inc. (the "Company") announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase up to $480.0 million (the "Maximum Tender Amount") of its outstanding 7.250% Senior Secured Notes due 2025 (the "Notes").


The terms and conditions of the Tender Offer are described in an Offer to Purchase, dated July 26, 2023 (the "Offer to Purchase"). The following table summarizes the material pricing terms for the Tender Offer."



...

Tags:

5 views0 comments

Comments


bottom of page