Embraer said that the aggregate
principal amount of old notes exchanged represent approximately 54.95% of the total aggregate
principal amount of old notes outstanding at the commencement of the exchange offer.
The discount bond method will require taxpayers to make current adjustments to their OID accruals on the debt instrument to account for changes in the inflation-adjusted
principal amount. Under the discount bond method, a taxpayer will accrue OID in a manner similar to Regs.
Petroleos Mexicanos has accepted for purchase or exchange the
principal amounts of the outstanding series of securities identified as Group A securities and Group B securities, the company said.
89-122 held that a reduction in the
principal amount of a debt obligation would result in a material modification and consequently a taxable exchange.
The
principal amount of senior secured notes tendered represents approximately 93.6% of the outstanding
principal amount of the Senior Secured Notes, and the
principal amount of Second Lien notes tendered represents approximately 95.4% of the outstanding
principal amount of the Second Lien Notes.
Biopharmaceutical company Incyte Corporation (NasdaqGS:INCY) revealed on Friday the completion of its private placement of USD750m aggregate
principal amount of its convertible senior notes.
The new 2023 notes were priced to investors at 100 percent of their
principal amount and will mature on May 1, 2023.
Gray has also delivered a notice of redemption to the holders of notesthat were not validly tendered in the tender offer at the redemption price of 103.750% of the
principal amount, plus accrued and unpaid interest to, but not including, the date of redemption.
The company said the public offering consists of USD850m in aggregate
principal amount of 3.450% notes due 2024, USD850m in aggregate
principal amount of 3.750% notes due 2026, USD850m in aggregate
principal amount of 4.000% notes due 2029, USD750m in aggregate
principal amount of 4.550% notes due 2039 as well as USD1.000bn in aggregate
principal amount of 4.700% notes due 2049.
TIPS will also provide for an additional payment at maturity if the security's inflation-adjusted
principal amount for the maturity date is less than its
principal amount at issuance.
The company has accepted for purchase USD4,538,000 of the outstanding USD228,578,000
principal amount of its 5.500% Senior Notes; USD17,219,000 of the outstanding USD161,999,000
principal amount of its 7.875% Senior Subordinated Notes; USD19,638,000 of the outstanding USD32,826,000
principal amount of its 8.000% Senior Notes; and USD4,166,000 of the outstanding USD16,146,000
principal amount of its 8.125% Senior Subordinated Notes.
