Kimco Realty Corporation Completes $300 Million 6.875% 10-Year Unsecured Senior Note Offering

Kimco Realty Corporation Completes $300 Million 6.875% 10-Year Unsecured Senior Note Offering

NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Sep. 24, 2009-- Kimco Realty Corporation (NYSE: KIM) today announced the closing of its public offering of $300 million 10-year unsecured senior notes due 2019 at a coupon of 6.875 percent per annum.

The notes, which were priced at 99.84 percent to yield 6.897 percent, will mature October 1, 2019. The net proceeds of approximately $297.3 million will be used to repay $220.0 million of existing unsecured term loans which were scheduled to mature in April 2011. The company will use the remaining proceeds for general corporate purposes which includes the repayment of other indebtedness such as construction loans coming due in 2010. As a result of these transactions, the company’s debt maturity profile is enhanced without increasing the company’s total indebtedness.

J.P. Morgan, Morgan Stanley, and Wells Fargo Securities served as the joint book-running managers for this offering. Barclays Capital, RBC Capital Markets, RBS, and Scotia Capital served as the co-managers.
The offering was made solely by means of a prospectus. Copies of the prospectus supplement and the base prospectus relating to these securities were filed with the Securities and Exchange Commission on September 18, 2009 and are available at the SEC web site at www.sec.gov. Copies of the prospectus supplement and the base prospectus may also be obtained by contacting J.P. Morgan Securities Inc. at 212-834-4533, Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Wells Fargo Securities, LLC at 1-800-326-5897.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Viacom Announces $550 Million Debt Offering

Viacom Announces $550 Million Debt Offering

NEW YORK, Sept. 24 -- Viacom Inc. (NYSE: VIA and VIA.B) today announced that it has agreed to sell $250 million in aggregate principal amount of 4.250% senior notes due 2015 (the "2015 Senior Notes") at a price equal to 99.814% of the principal amount thereof and $300 million in aggregate principal amount of 5.625% senior notes due 2019 (the "2019 Senior Notes" and, together with the 2015 Senior Notes, the "Senior Notes") at a price equal to 101.938% of the principal amount thereof. The 2019 Senior Notes are a further issuance of Viacom's 5.625% senior notes due 2019 and are in addition to $250 million aggregate principal amount of 5.625% senior notes due 2019 issued on August 26, 2009. The sale of the Senior Notes is expected to close on September 29, 2009.

Viacom intends to use the net proceeds of the offering to repay all or a portion of the amounts outstanding under its revolving credit facility and/or its commercial paper program.

The joint book running managers for the Senior Notes are Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC.

Viacom's senior unsecured debt is currently rated BBB by Standard & Poor's, Baa3 by Moody's Investors Service and BBB by Fitch.

A prospectus can be obtained by contacting Viacom Investor Relations at 800-516-4399 or by written request to Viacom Inc., 1515 Broadway, 52nd Floor, New York, New York 10036, Attn: Investor Relations.

Allegheny Energy Announces Debt Tender Offer

 

GREENSBURG, Pa.--(BUSINESS WIRE)--Allegheny Energy Supply Company, LLC (“AE Supply”), the power generation business of Allegheny Energy, Inc. (NYSE: AYE), announced today an offer to purchase for cash up to $150 million principal amount (the “Maximum Tender Amount”) of the following outstanding
notes (the “Notes”):

CUSIP

Title of

Principal

Maximum

Full Tender

Late Tender

Number

Security

Amount

Tender

Offer

Offer

Outstanding

Amount

Consideration(1)

Consideration(1)

017363AD4

7.80% Notes due 2011

$302,517,000

$150,000,000

$1,083.75

$1,068.75

⁽¹⁾ Per $1,000 principal amount of Notes.

Holders who tender and do not withdraw their Notes on or before 5:00 p.m., New York City time, on October 5, 2009, unless extended (the “Early Tender Date”), will be eligible to receive the Full Tender Offer Consideration described in the table above. Holders who tender Notes after the Early Tender Date and on or before midnight, New York City time, on October 20, 2009, will receive the Full Tender Offer Consideration minus an amount in cash equal to $15 for each $1,000 principal amount of Notes (the “Late Tender Offer Consideration”). In addition to the Full Tender Offer Consideration or the Late Tender Offer Consideration, as the case may be, payable in respect of Notes accepted for purchase, holders of Notes will receive accrued and unpaid interest on their purchased Notes from the last interest payment date to, but not including, the date of payment for purchased Notes.

The offer will expire at midnight, New York City time, on October 20, 2009, unless extended (such date and time, as the same may be extended, the “Expiration Date”).

The tender offer is subject to, and conditioned upon, the satisfaction or waiver of the general conditions described in the offer to purchase. If any of the general conditions are not satisfied or waived, AE Supply is not obligated to accept for payment, purchase, or pay for, and may delay the acceptance for payment of, any tendered Notes, in each event, subject to applicable laws, and may terminate the tender offer.
If the principal amount of the Notes tendered and not withdrawn exceeds the Maximum Tender Amount described in the table above, the principal amount of Notes purchased will be prorated based on the principal amount tendered. If any tendered notes are not accepted for payment, the Notes will be returned without expense to the tendering holder. AE Supply reserves the right, subject to applicable law, to extend, withdraw or terminate the tender offer. Further, AE Supply reserves the right to modify the Maximum Tender Amount provided in the table above with respect to the Notes in its sole discretion.

This release is neither an offer to purchase nor a solicitation of an offer to sell any Notes. The tender offer is being made pursuant to the offer to purchase and the letter of transmittal, copies of which will be delivered to all holders of the Notes. Persons with questions regarding the tender offer should contact the lead dealer manager, Credit Suisse, at (800) 820-1653 (toll free) or (212) 538-1862 (collect), or the Information Agent, Global Bondholder Services Corporation, at (866) 470-3900

Simon Property Group Sells $500 Million of 5-Year Senior Notes

  

Simon Property Group Sells $500 Million of 5-Year Senior Notes

INDIANAPOLIS, Aug. 6 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) announced today that its majority-owned partnership subsidiary, Simon Property Group, L.P., has agreed to sell $500 million aggregate principal amount of its 6.75% senior unsecured notes due 2014 in an underwritten offering through Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., and UBS Securities LLC, as joint book-running managers. The notes were priced at 105.029% of the principal amount plus accrued interest from May 15, 2009 to yield 5.46% to maturity. The offering is expected to close on August 11, 2009.

Today's issue is a re-opening of the 6.75% notes due 2014 issued on May 15, 2009. Upon closing, there will be $1.1 billion of this series of senior notes outstanding.

Simon Property Group, L.P. intends to use the net proceeds of the offering for general business purposes.
Copies of the prospectus and prospectus supplement may be obtained from Citigroup Global Markets Inc., toll-free at 1-877-858-5407; Deutsche Bank Securities Inc., toll-free at 1-800-503-4611; Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department, toll-free at 1-866-471-2526; or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, Attention: Prospectus Department, toll-free at 1-877-827-6444, ext. 561-3884.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.

Tenet Healthcare Announces Closing of Its Mandatory Convertible Preferred Stock Offering and Repurchase of $300 Million of Its Outstanding Senior Notes

Tenet Healthcare Announces Closing of Its Mandatory Convertible Preferred Stock Offering and Repurchase of $300 Million of Its Outstanding Senior Notes

 
DALLAS – September 25, 2009 – Tenet Healthcare Corporation (NYSE: THC) announced today that it has completed its previously announced registered public offering of 7.0% mandatory convertible preferred stock by selling 345,000 shares, including 45,000 shares sold pursuant to the underwriters' option to purchase additional shares, at a public offering price of $1,000 per share, for aggregate gross proceeds of $345 million. The net proceeds to the Company after deducting estimated expenses and underwriting discounts are expected to be approximately $335 million. The Company used $315 million of the net proceeds to repurchase $300 million aggregate principal amount of its outstanding 9.250% senior notes due 2015 through a privately negotiated transaction.  Goldman, Sachs & Co. served as the sole book-running manager, Barclays Capital Inc. served as lead manager, and Moelis & Company LLC and Wells Fargo Securities, LLC served as co-managers of the offering.         

Unless converted earlier at the option of the holder or the Company, the mandatory convertible preferred stock will convert automatically into a variable number of shares of the Company’s common stock on October 1, 2012.  The mandatory convertible preferred stock will pay cumulative dividends at a rate of 7.0% per annum on the liquidation preference of $1,000 per share, payable quarterly in arrears.

           
The shares of mandatory convertible preferred stock were issued pursuant to a prospectus supplement to the prospectus filed as a part of the under the Company’s existing effective shelf registration statement.  Copies of the prospectus supplement and the accompanying prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, telephone: 212-902-1171 or 866-471-2526, fax: 212-902-9316, email: Prospectus-ny@ny.email.gs.com.