#1
BED BATH Offered....
Este tema, puede que se viniese venir.
Algo comento@theveritas y @gaspar siempre tiene buenos consejos
Me podéis dar un poco de luz por favor?
Entiendo que ofrecen cambiar un bono por otro, alargando la deuda de 2024 a 2027.
Pero que significa lo que subrayo, aquí abajo? Option 1 y Option 4?
Bed Bath & Beyond Inc. has offered to exchange its outstanding 3.749% Senior Unsecured Notes due 2024 for New 3.693% Senior Second Lien Secured Non-Convertible Notes due 2027 or 8.821% Senior Second Lien Secured Convertible Notes due 2027.
Please be aware restrictions may apply in the following jurisdictions: The European Economic Area, the United Kingdom, The People�s Republic of China, Taiwan, Hong Kong, Switzerland, Malaysia, Uruguay, Argentina, Brazil, Cayman Islands and Canada.
Canadian Holders tendering must submit to the Canadian holder Election Options, choices 3 or 5 and complete a Canadian Certification Form. Please send the completed form back to IB for submission to the agent along with the electronic tender via DTC. If a form is not received, prior to expiration of the offer, the election may be deemed invalid.
By submitting an election to this offer, the account holder confirms they have independently verified the terms of, and their eligibility to participate in, the offer and therefore confirms the account meets all eligibility requirements.
Terms of the offer are as follows:
Option 1 - Take no action
Algo comento
Me podéis dar un poco de luz por favor?
Entiendo que ofrecen cambiar un bono por otro, alargando la deuda de 2024 a 2027.
Pero que significa lo que subrayo, aquí abajo? Option 1 y Option 4?
Bed Bath & Beyond Inc. has offered to exchange its outstanding 3.749% Senior Unsecured Notes due 2024 for New 3.693% Senior Second Lien Secured Non-Convertible Notes due 2027 or 8.821% Senior Second Lien Secured Convertible Notes due 2027.
Please be aware restrictions may apply in the following jurisdictions: The European Economic Area, the United Kingdom, The People�s Republic of China, Taiwan, Hong Kong, Switzerland, Malaysia, Uruguay, Argentina, Brazil, Cayman Islands and Canada.
Canadian Holders tendering must submit to the Canadian holder Election Options, choices 3 or 5 and complete a Canadian Certification Form. Please send the completed form back to IB for submission to the agent along with the electronic tender via DTC. If a form is not received, prior to expiration of the offer, the election may be deemed invalid.
By submitting an election to this offer, the account holder confirms they have independently verified the terms of, and their eligibility to participate in, the offer and therefore confirms the account meets all eligibility requirements.
Terms of the offer are as follows:
Option 1 - Take no action
Option 2 - Tender notes for exchange: 1,000 P.A. New 3.693% Senior Second Lien Secured Notes + 15 P.A. Early Tender Premium + Accrued Interest per 1,000 Principal Amount tendered
Option 3 - Canadian Holders Only, Tender notes for exchange: 1,000 P.A. New 3.693% Senior Second Lien Secured Notes + 15 P.A. Early Tender Premium + Accrued Interest per 1,000 Principal Amount tendered
Option 4 - Tender notes for exchange: 410 P.A. New 8.821% Senior Second Lien Secured Convertible Notes due 2027 + 15 P.A. Early Tender Premium + Accrued Interest per 1,000 Principal Amount tendered
Option 5 - Canadian Holders Only, Tender notes for exchange: 410 P.A. New 8.821% Senior Second Lien Secured Convertible Notes due 2027 + 15 P.A. Early Tender Premium + Accrued Interest per 1,000 Principal Amount tendered
Please note the Early Tender Premium will only be payable to holders who validly tender their notes prior to the Early Tender Deadline, unless extended.
Minimum Tender Requirement: 2,000 principal amount and in multiples of 1,000 thereafter, holders who tender less than all of their Old Notes must continue to hold Old Notes in the minimum authorized denomination of 2,000 principal amount.
The new notes will only be issued in minimum denominations of 2,000 and multiples of 1,000 in excess thereof. The Issuer will not accept any tender that would result in the issuance of less than 2,000 principal amount. The New Notes will be rounded down to 2,000 P.A or the nearest whole multiple of 1,000 and cash will be paid in lieu of any principal amount of new notes not received as a result of rounding.
In addition to the tender offer, the company is soliciting consents from holders to certain proposed amendments to the indenture under which the notes were issued. Holders may not deliver consents without tendering their notes to the offer and may not tender without delivering consent.
Guaranteed Delivery: No
Last day to purchase and be eligible to tender: 2022-11-11
The Early Tender Deadline to tender notes to the offer will be 2022-10-31 @ 13:00 (America/New York).
The Final Deadline to tender notes to the offer will be 2022-11-15 @ 13:00 (America/New_York).
In the absence of an election, no action will be taken.
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