NEXT Properties launches tender offer for up to US$587.5 million of senior notes

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

NEXT Properties has commenced a tender offer to purchase for cash up to US$587,500,000 aggregate principal amount of its outstanding 4.869% Senior Notes due 2030, 6.950% Senior Notes due 2044, 6.390% Senior Notes due 2050, and 7.375% Senior Green Notes due 2034. The offer is subject to an acceptance priority level, with the 2030 notes having the highest priority, followed by the 2044, 2050, and 2034 notes. Holders who tender before the early tender date of July 8, 2026 will receive a total consideration that includes an early tender premium of US$50 per US$1,000 principal amount, while those tendering after that date but before the expiration date of July 23, 2026 will receive the base consideration. The purchase is conditioned on the successful completion of a separate financing transaction, which may involve a potential offering of new senior notes. BBVA Securities, BofA Securities, and Citigroup are acting as dealer managers for the tender offer.

Impact on stocks 3

Financials▲ · 2 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

BofA Securities is acting as dealer manager for the tender offer, generating fee income.

Digital Finance & Tokenization▲ · 1 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Citigroup is acting as dealer manager for the tender offer, generating fee income.

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