Thomas Jefferson University Announces Tender Offer for Outstanding Debt Securities
Thomas Jefferson University Announces Tender Offer for Outstanding Debt Securities
PHILADELPHIA, Oct. 16, 2024 /PRNewswire/ -- Thomas Jefferson University ("TJU") today announced that it has commenced a tender offer to purchase for cash the debt securities issued by TJU listed in the table below (the "Securities").
費城,2024年10月16日/美通社/ - 托馬斯傑斐遜大學今天宣佈,已經開始了收購TJU發行的債務證券的現金要約("TJU)今天宣佈,已經開始了收購TJU發行的債務證券的現金要約("證券").
Up to $108,000,000 Aggregate Tender Cap for the Securities of Thomas Jefferson University
Listed Below in the Acceptance Priority Levels
托馬斯傑斐遜大學證券的總要約上限爲108,000,000美元
下面列出的托馬斯傑斐遜大學證券接受優先級
CUSIP No. |
Principal Amount Outstanding |
Maturity Date |
Interest Rate |
Acceptance Priority Level |
U.S. Treasury Reference Security |
Bloomberg Reference Page |
Fixed Spread |
Early Tender Payment (1) |
88444NAR9(3) |
$ 11,485,000 |
2042(4) |
3.602 % |
1 |
4.125% UST due 8/15/2044 |
FIT1 |
+105 bps |
$50 |
88444NAS7 |
527,650,000 |
2057(2) (4) |
3.847 % |
2 |
4.625% UST due 5/15/2054 |
FIT1 |
+85 bps |
$50 |
88444NAM0(3) |
1,725,000 |
2034 |
3.181 % |
3 |
3.875% UST due 8/15/2034 |
FIT1 |
+100 bps |
$50 |
88444NAN8(3) |
1,780,000 |
2035 |
3.251 % |
3 |
3.875% UST due 8/15/2034 |
FIT1 |
+110 bps |
$50 |
88444NAP3(3) |
1,840,000 |
2036 |
3.331 % |
3 |
3.875% UST due 8/15/2034 |
FIT1 |
+115 bps |
$50 |
88444NAQ1(3) |
1,905,000 |
2037 |
3.401 % |
3 |
3.875% UST due 8/15/2034 |
FIT1 |
+125 bps |
$50 |
88444NAG3 |
4,565,000 |
2029 |
2.831 % |
4 |
3.500% UST due 9/30/2029 |
FIT1 |
+70 bps |
$50 |
88444NAH1(3) |
4,595,000 |
2030 |
2.881 % |
4 |
3.625% UST due 9/30/2031 |
FIT1 |
+75 bps |
$50 |
88444NAJ7(3) |
2,195,000 |
2031 |
2.961 % |
4 |
3.625% UST due 9/30/2031 |
FIT1 |
+85 bps |
$50 |
88444NAL2(3) |
1,670,000 |
2033 |
3.101 % |
4 |
3.875% UST due 8/15/2034 |
FIT1 |
+95 bps |
$50 |
CUSIP編號 |
未償本金額 |
到期日 |
利率期貨 |
接受優先級 |
美國交易法案交易所 財政參考證券 |
彭博參考頁面 |
固定價差 |
提前認購支付(1) |
88444NAR9(3) |
$ 11,485,000 |
2042(4) |
3.602 % |
1 |
4.125%的美國國庫券,到期日爲2044年8月15日 |
FIT1 |
+105 bps |
$50 |
88444NAS7 |
527,650,000 |
2057(2) (4) |
3.847 % |
2 |
4.625% 美國國債,截止日期爲2054年5月15日 |
FIT1 |
+85個基本點 |
$50 |
88444NAM0(3) |
贊助人或其關聯方或指定人必須在適用截止日期之前存入191,667美元(約爲每個公共股份0.033美元),最高總額爲1,725,000美元(每個公共股份額爲0.30美元),以延長公司完成業務組合的時間。 |
2034 |
3.181 % |
3 |
2034年8月15日到期的3.875%美國國債 |
FIT1 |
上升100bps |
$50 |
88444NAN8(3) |
1,780,000 |
2035 |
3.251 % |
3 |
3.875% USt due 8/15/2034 |
FIT1 |
+110 bps |
$50 |
88444NAP3(3) |
1840000 |
2036 |
3.331 % |
3 |
2034年8月15日到期的3.875%美國國債 |
FIT1 |
+115個點子 |
$50 |
88444NAQ1(3) |
1,905,000 |
2037 |
3.401 % |
3 |
2034年8月15日到期的3.875%美國國債 |
FIT1 |
+125個點子 |
$50 |
88444NAG3 |
4,565,000 |
2029 |
2.831 % |
4 |
3.500% 美國國債 到期日爲 2029年9月30日 |
FIT1 |
+70個點子 |
$50 |
88444NAH1(3) |
4,595,000 |
2030 |
2.881 % |
4 |
3.625%的美國國債將於2031年9月30日到期 |
FIT1 |
+75個點子 |
$50 |
88444NAJ7(3) |
2,195,000 |
2031 |
2.961 % |
4 |
3.625%美國國庫券,到期日爲2031年9月30日 |
FIT1 |
+85 bps |
$50 |
88444NAL2(3) |
1,670,000 |
2033 |
3.101 % |
4 |
2034年8月15日到期的3.875%美國國庫券 |
FIT1 |
+95個點子 |
$50 |
- Per $1,000 principal amount.
- Optional redemption at par on May 1, 2057.
- Insured by Assured Guaranty Inc., as successor to Assured Guaranty Municipal.
- Term Bond.
- 每1000元本金。
- 於2057年5月1日可選擇以面值贖回。
- 由assured guaranty承保,作爲assured guaranty市政的繼任者。
- 期限債券。
The tender offer consists of an offer to purchase for cash, on the terms and conditions set forth in the offer to purchase, dated October 16, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), TJU's Taxable Revenue Bonds, Series 2022A, up to an aggregate tender cap of $108,000,000 (the "Aggregate Tender Cap") for all Securities purchased in the tender offer. TJU reserves the right, but is under no obligation, to increase or decrease the Aggregate Tender Cap at any time without extending withdrawal rights, subject to applicable law. The amount of Securities of a particular CUSIP that will be purchased will be determined in accordance with the acceptance priority levels set forth in the table above without exceeding the Aggregate Tender Cap and may be prorated as described in the Offer to Purchase. TJU refers investors to the Offer to Purchase for the complete terms and conditions of the tender offer.
收購要約包括現金購買要約,根據購買要約中載明的條款和條件,在2024年10月16日起草定稿(如有修改或補充,即“"要約收購通知書“),TJU的應稅營業收入債券2022A系列,總計頂限額爲108,000,000美元("總計頂限額") for all Securities purchased in the tender offer. TJU reserves the right, but is under no obligation, to increase or decrease the Aggregate Tender Cap at any time without extending withdrawal rights, subject to applicable law. The amount of Securities of a particular CUSIP that will be purchased will be determined in accordance with the acceptance priority levels set forth in the table above without exceeding the Aggregate Tender Cap and may be prorated as described in the Offer to Purchase. TJU refers investors to the Offer to Purchase for the complete terms and conditions of the tender offer.
The tender offer for the Securities will expire at 5:00 p.m., New York City time, on November 14, 2024, or any other date and time to which TJU extends the tender offer (such date and time, as it may be extended, the "Expiration Date"), unless earlier terminated. Holders of Securities must validly tender and not validly withdraw their Securities at or prior to 5:00 p.m., New York City time, on October 29, 2024 (such date and time, as it may be extended, the "Early Tender Date"), to be eligible to receive the applicable Total Consideration (as further described below), which is inclusive of an amount in cash equal to the amount set forth in the table above under the heading "Early Tender Payment" (the "Early Tender Payment"). If a holder validly tenders Securities after the Early Tender Date but at or prior to the Expiration Date, the holder will be eligible to receive only the applicable Late Tender Offer Consideration (as defined below) plus Accrued Interest.
The tender offer for the Securities will expire at 5:00 p.m., New York City time, on November 14, 2024, or any other date and time to which TJU extends the tender offer (such date and time, as it may be extended, the "到期日"), unless earlier terminated. Holders of Securities must validly tender and not validly withdraw their Securities at or prior to 5:00 p.m., New York City time, on October 29, 2024 (such date and time, as it may be extended, the "提前認購日期"), to be eligible to receive the applicable Total Consideration (as further described below), which is inclusive of an amount in cash equal to the amount set forth in the table above under the heading "Early Tender Payment" (the "提前收購支付"). If a holder validly tenders Securities after the Early Tender Date but at or prior to the Expiration Date, the holder will be eligible to receive only the applicable Late Tender Offer Consideration (as defined below) plus Accrued Interest.
The applicable consideration (the "Total Consideration") offered per $1,000 principal amount of Securities of a particular CUSIP validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the applicable tender offer will be determined in accordance with the formula set forth in the Offer to Purchase by reference to the applicable fixed spread for such particular CUSIP tendered and accepted as specified in the table above plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 10:00 a.m., New York City time, on October 30, 2024. The "Late Tender Offer Consideration" is equal to the Total Consideration minus the Early Tender Payment.
The applicable consideration (the "總代價") offered per $1,000 principal amount of Securities of a particular CUSIP validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the applicable tender offer will be determined in accordance with the formula set forth in the Offer to Purchase by reference to the applicable fixed spread for such particular CUSIP tendered and accepted as specified in the table above plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 10:00 a.m., New York City time, on October 30, 2024. The "Late Tender Offer Consideration" is equal to the Total Consideration minus the Early Tender Payment.
The tender offer will expire on the Expiration Date. Except as set forth below, payment for the Securities of a particular CUSIP that is validly tendered at or prior to the Expiration Date will be made on a date promptly following the Expiration Date, which is currently anticipated to be November 18, 2024, the second business day after the Expiration Date. TJU reserves the right, in its sole discretion, to make payment for Securities that are validly tendered at or prior to the Early Tender Date on an earlier settlement date, which, if applicable, is currently anticipated to be November 13, 2024, the tenth business day after the Early Tender Date.
The tender offer will expire on the Expiration Date. Except as set forth below, payment for the Securities of a particular CUSIP that is validly tendered at or prior to the Expiration Date will be made on a date promptly following the Expiration Date, which is currently anticipated to be November 18, 2024, the second business day after the Expiration Date. TJU reserves the right, in its sole discretion, to make payment for Securities that are validly tendered at or prior to the Early Tender Date on an earlier settlement date, which, if applicable, is currently anticipated to be November 13, 2024, the tenth business day after the Early Tender Date.
Holders also will receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the applicable settlement date ("Accrued Interest").
Holders also will receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the applicable last interest payment date up to, but not including, the applicable settlement date ("("").
Tendered Securities may be withdrawn at or prior to, but not after, 5:00 p.m., New York City time, on October 29, 2024, unless extended or otherwise earlier terminated (the "Withdrawal Deadline"). Subject to applicable law, TJU may extend the Early Tender Date without extending the Withdrawal Deadline with respect to the tender offer.
證券提貨可在紐約時間2024年10月29日下午5:00或之前撤回,但不得晚於該日期,除非延長或提前終止("撤回截止日期)。根據適用法律,TJU可能延長早期接受日期,但不延長撤回截止日期與招標要約相關。
The tender offer is subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase. The tender offer is not subject to minimum tender conditions.
招標要約受到《收購要約書》中列明的某些條件的滿足或豁免的限制。招標要約不受最低招標條件限制。
Information Relating to the Tender Offer
與招標要約相關的信息
The Offer to Purchase is being distributed to holders beginning today. J.P. Morgan Securities LLC ("J.P. Morgan" or "Dealer Manager") is the dealer manager for the tender offer. Investors with questions regarding the tender offer may contact J.P. Morgan at (212) 834-3261 or by email at [email protected]. Globic Advisors Inc. is the tender and information agent for the tender offer (the "Tender and Information Agent") and can be contacted at (212) 227-9699 or by email at [email protected].
《收購要約書》將從今天開始分發給持有人。J.P.摩根證券有限責任公司("摩根大通 計劃議程Dealer Manager買盤經理爲此要約提供者。對於有關要約的問題,投資者可以通過電話(212) 834-3261或發送電子郵件至[email protected]來聯繫摩根大通。全球顧問公司是要約和信息代理人(“對於要約收購的任何問題或協助請求,可以直接聯繫BofA Securities,Inc.(免費電話:(888)292-0070,(646)855-8988(收取通話費))。要求獲取要約收購文件的其他副本,請聯繫Global Bondholder Services Corporation(電話:+1 (855) 654-2014(免費電話),+1 (212) 430-3774(收取通話費)。「)」,可通過電話(212) 227-9699或發送電子郵件至[email protected]聯繫。.
None of TJU and its affiliates, their respective boards of trustees, the Dealer Manager, the Tender and Information Agent and the trustee with respect to any Securities is making any recommendation as to whether holders should tender any Securities in response to the tender offer, and neither TJU nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.
TJU及其關聯公司,各自董事會,買盤經理,要約和信息代理人以及與任何證券相關的受託人均未就持有人是否應對要約提供的任何證券建議,TJU或任何其他相關方未授權任何人作出此類建議。 持有人必須自行決定是否要對其任何證券進行要約,如果是,則要對其進行要約的證券的本金金額。
The full details of the tender offer, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to Purchase may be obtained from Globic Advisors Inc., by calling (212) 227-9699, by emailing [email protected] or by visiting .
招標要約的完整詳情,包括如何招標債券的完整說明,均包含在《購買要約書》中。建議持有人仔細閱讀《購買要約書》,包括其中引用的材料,因爲這些將包含重要信息。《購買要約書》可通過致電Globic Advisors Inc.(電話212-227-9699)、發送電子郵件至[email protected]或訪問網址 獲得。
About Thomas Jefferson University
關於托馬斯傑斐遜大學
Certain information relating to the Securities and TJU may be obtained by contacting the Tender and Information Agent. Such information is limited to (i) the Offer to Purchase, and (ii) information about TJU available through the Municipal Securities Rulemaking Board's Electronic Municipal Market Access system ().
關於債券型和TJU的某些信息可通過聯繫招標和信息代理處獲取。此類信息僅限於(i)《購買要約書》和(ii)通過市政債券規則制定委員會的電子市政市場訪問系統()獲取的有關TJU的信息。
Forward-Looking Statements
前瞻性聲明
Statements included or incorporated by reference herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts and assumptions by TJU's management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation, the bondholders' risks set forth in the offering document attached to the Offer to Purchase as Appendix A. TJU cannot be certain that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. It is to be expected that there may be differences between projected and actual results. Any forward-looking statement speaks only as of the date on which it is made, and TJU assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
在此包含或引用的聲明可能構成根據1995年《私人證券訴訟改革法案》的「前瞻性陳述」。前瞻性陳述基於TJU管理層的期望、預測和假設,涉及一系列風險、不確定性和其他因素,這些因素可能導致實際結果與所述結果存在重大差異,包括但不限於附錄A所載的《購買要約書》所附的債券持有人風險。TJU無法確定管理層在準備這些前瞻性陳述時所作的任何期望、預測或假設是否準確,或者任何預測是否會實現。預計會存在預測和實際結果之間的差異。任何前瞻性陳述僅適用於其發佈之日,TJU假設不承擔更新或修訂此類陳述的義務,無論是因爲新信息、未來事件還是其他原因,但適用法律另有規定。
SOURCE Thomas Jefferson University
資訊 托馬斯傑斐遜大學
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