Duke Energy Corporation has announced its offering of Senior Notes in two new series. The first series, known as the 2027 Notes, will mature on January 5, 2027, while the second series, referred to as the 2029 Notes, will mature on January 5, 2029. The 2027 Notes will carry an annual interest rate of 34550fb3, while the 2029 Notes will have an annual interest rate of 34550fb3. Interest on the Notes will be paid semi-annually on January 5 and July 5 of each year, commencing on July 5, 2024. Duke Energy retains the option to redeem the Notes at any time. These Notes represent direct, unsecured, and unsubordinated obligations of Duke Energy, ranking equally with all existing and future unsecured and unsubordinated debts, and senior in right of payment to any existing and future subordinated debt. It is important to note that the Notes will not be listed on any securities exchange or included in any automated quotation system. The proceeds from the sale of the Notes will be utilized to repay outstanding debt and for general corporate purposes 34550fb3.
Enterprise Products Operating LLC is also offering two series of senior notes. The 20 notes will bear interest at a rate of % per year and will mature on , 20. The 20 notes will bear interest at a rate of % per year and will mature on , 20. The notes will be unsecured and will rank equally with all of the company's other existing and future unsecured and unsubordinated indebtedness. The notes will be guaranteed by Enterprise Products Partners L.P. on an unsecured and unsubordinated basis. The notes will not be listed on any securities exchange. The net proceeds from the offering will be used for general company purposes, including growth capital investments, and the repayment of debt 2cdb89f4.
Essex Property Trust, a real estate investment trust, has priced a public offering of $350 million in senior notes due in 2034. The notes were priced at 99.752% of their par value, yielding a maturity of 5.532%. Interest payments are scheduled semiannually at a rate of 5.500%. The offering is expected to close on March 14, 2024. The proceeds will be used for debt repayment and general corporate purposes dd5287d6.
CNH Industrial subsidiary, CNH Industrial Capital LLC, has priced $600 million of senior unsecured notes with a 5.100% interest rate. The notes are due to mature on April 20, 2029, and were priced at 99.157%. The closing of the notes is expected to occur on March 21, 2024. The net proceeds from the offering will be used for working capital and general corporate purposes, including the potential purchase of receivables or other assets and the repayment of maturing indebtedness. Interest on the notes will be paid semi-annually starting from October 20, 2024. The notes are guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC. The joint book-running managers for the offering include BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and MUFG Securities Americas Inc., with additional joint book-running managers BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Rabo Securities USA, Inc., and TD Securities, LLC.
Hilton Worldwide Holdings Inc. has announced the final terms for a $1 billion debt offering through its subsidiary, Hilton Domestic Operating Company Inc. The offering consists of $550 million of 5.875% Senior Notes due in 2029 and $450 million of 6.125% Senior Notes due in 2032. The transaction is expected to close on March 26, 2024. The proceeds from the offering will be used for general corporate purposes, including debt repayment, investments, and acquisitions. The Notes were marketed to qualified institutional buyers and certain non-U.S. persons. The offering is subject to specific regulations under the Securities Act and is not registered with the Securities and Exchange Commission. Hilton's press release includes forward-looking statements regarding its business performance and financial outcomes, but these statements are subject to various risks and uncertainties. Hilton's actual results may differ from the projected statements due to factors such as changes in the macroeconomic environment and the competitive nature of the hospitality industry.
INNOVATE Corp, a diversified holding company, has extended the subscription period for its ongoing rights offering until April 9, 2024. The extension is aimed at providing additional time for stockholders and noteholders who are eligible to participate. The rights offering applies to holders of record of the company's common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock, and 2026 Convertible Notes. The offering is part of a shelf registration statement filed with the SEC on September 29, 2023, and a prospectus supplement was filed on March 8, 2024. INNOVATE Corp operates in the sectors of infrastructure, life sciences, and spectrum and aims to maintain a portfolio of best-in-class assets in these areas.
Trinity Capital Inc. has priced a public offering of $100 million 7.875% notes due on March 30, 2029. The notes will be listed on the Nasdaq Global Select Market under the ticker 'TRINZ' and may be redeemed at the company's discretion on or after March 30, 2026. The offering is expected to close on Wednesday and is contingent upon customary closing conditions. Trinity aims to use the net proceeds from this offering to reduce its existing debt under the KeyBank Credit Facility. Keefe, Bruyette & Woods and RBC Capital Markets are serving as joint book-running managers for the offering, with Compass Point acting as the lead manager. 29fc97d7.
SoFi Technologies, Inc. has completed the settlement of exchange agreements with certain note holders, resulting in the issuance of over 72 million shares of common stock. The agreements allowed the exchange of $600 million in principal amount of 0% Convertible Senior Notes due 2026 for common stock. The settlement follows the company's issuance of 1.25% convertible senior notes due 2029 and related capped call transactions. The exchanges are anticipated to positively affect SoFi's financials, boost total tangible book value and tangible book value per share, and result in significant cost savings. SoFi expects annual savings of $40 to $60 million in interest and dividend payments. 6daaf5b0.
Cardlytics, Inc. (NASDAQ: NASDAQ:) has announced the pricing of a $150 million private offering of 4.25% convertible senior notes due in 2029. The sale is expected to close on April 1, 2024, subject to customary closing conditions. The notes, which are senior, unsecured obligations of the company, will pay interest semi-annually and are set to mature on April 1, 2029, unless converted or repurchased beforehand. The initial conversion rate is set at 55.4939 shares per $1,000 principal amount, equivalent to a conversion price of about $18.02 per share. Cardlytics anticipates net proceeds of approximately $144.5 million, or $166.3 million if the additional notes are fully purchased. These funds, along with cash on hand, are intended to repurchase around $183.9 million of its 1.00% convertible senior notes due 2025 in private transactions.
Ocado, the online grocery retailer, has raised £600 million ($771 million) in bonds, extending the maturity of its debt to 2029. The bond issuance includes £250 million in senior unsecured convertible bonds and £350 million in sterling-denominated senior unsecured notes. The funding aims to refinance existing bonds and provide liquidity for the company's growth plans. Despite a drop in share value, the move reflects Ocado's confidence in its future and commitment to sustainable growth. The refinancing strategy aligns with the trend of companies extending debt maturities to navigate economic uncertainties. Ocado's strong liquidity and improved margin guidance for the 2023/24 fiscal year position it well in the online grocery market. [098a0540]