2027 Notes. (1) At any time prior to February 1, 2020, the Issuers may on any one or more occasions redeem up to 35% of the aggregate principal amount of the 2027 Notes (including any Additional Notes of such series) issued under this Indenture, upon giving notice as provided in Section 3.03, at a redemption price of 105.375% of the principal amount thereof, plus accrued and unpaid interest and Liquidated Damages, if any, to the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date), in an amount not greater than the net cash proceeds of one or more Equity Offerings by Targa Resources Partners; provided that:
(i) at least 65% of the aggregate principal amount of 2027 Notes (including any Additional Notes of such series) issued under this Indenture (excluding 2027 Notes held by Targa Resources Partners and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption; and
(ii) the redemption occurs within 180 days of the date of the closing of such Equity Offering.
(2) On or after February 1, 2022, the Issuers may redeem all or a part of the 2027 Notes upon giving notice as provided in Section 3.03, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest and Liquidated Damages, if any, on the 2027 Notes redeemed to the applicable Redemption Date, if redeemed during the twelve-month period beginning on February 1 of each year indicated below, subject to the rights of Holders of 2027 Notes on the relevant record date to receive interest on an interest payment date that is on or prior to the Redemption Date: Year Percentage 2022 102.688 % 2023 101.792 % 2024 100.896 % 2025 and thereafter 100.000 %
(3) At any time prior to February 1, 2022, the Issuers may also redeem all or a part of the 2027 Notes, upon giving notice as provided in Section 3.03, at a redemption price equal to 100% of the principal amount of 2027 Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and Liquidated Damages, if any, to the Redemption Date, subject to the rights of Holders on the relevant record date to receive interest due on an interest payment date that is on or prior to the Redemption Date
2027 Notes. Within the time periods required by the terms of the 2027 Notes Indenture, the Company shall deliver any notices (including with respect to holders’ rights to require repurchase or conversion of the 2027 Notes), certificates, supplemental indentures and other documents that might be required under the 2027 Notes Indenture and take all other actions that are required under the terms of the 2027 Notes, the 2027 Notes Indenture or under applicable Law, including as a result of the transactions contemplated by this Agreement, to the extent constituting a “Fundamental Change” or “Make-Whole Fundamental Change,” as such terms are defined in the 2027 Notes Indenture. The Company shall provide copies of any such notice to Parent at least three (3) Business Days prior to delivery and shall provide Parent and its counsel with a reasonable opportunity to review and to comment on such notice, which such comments the Company shall consider in good faith. The Company shall use its reasonable best efforts to cause to be executed and delivered to the 2027 Notes Trustee an Opinion of Counsel (as defined in, and to the extent required by, the 2027 Notes Indenture).
2027 Notes. (1) Prior to the 2027 First Call Date, the Partnership will have the right to redeem the 2027 Notes in whole or in part at any time at a redemption price equal to the sum of the present values of the remaining scheduled payments of principal and interest on the 2027 Notes that would have been due if such 2027 Notes had been redeemed on the 2027 First Call Date (exclusive of interest accrued to, but excluding, the redemption date) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but excluding, the redemption date.
(2) On or after the 2027 First Call Date the Partnership will have the right to redeem the 2027 Notes in whole or in part at any time at the redemption prices (expressed as percentages of the principal amount of the 2027 Notes to be redeemed) set forth below plus accrued and unpaid interest thereon to, but excluding, the redemption date, if redeemed during the twelve-month period beginning on June 1 of the years indicated below: 2024 103.750 % 2025 101.875 % 2026 and thereafter 100.000 %
2027 Notes. Interest on the 2027 Notes will be payable in Dollars semi-annually in arrears on March 15 and September 15 of each year, commencing on March 15, 2018 (each a “2027 Notes Interest Payment Date”). Interest on the 2027 Notes shall accrue (computed on the basis of a 360-day year comprised of twelve 30-day months) from the most recent date to which interest has been paid or, if no interest has been paid, from and including August 24, 2017. The Issuer will pay interest on the 2027 Notes on the applicable 2027 Interest Payment Date to the Persons who are registered Holders of the 2027 Notes at the close of business on March 1 and September 1 (whether or not any such date is a Business Day) immediately preceding the relevant 2027 Interest Payment Date. The interest rate on the 2027 Notes will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application.
2027 Notes. Issuer: Xxxxxx Brands Inc. Principal Amount: $500,000,000 Denomination: $2,000 x $1,000 Maturity Date: September 15, 2027 Coupon: 6.375% Interest Payment Dates: September 15 and March 15, commencing March 15, 2023 Price to Public: 6.375%1 Gross Proceeds: $500,000,000 Net Proceeds to Issuer (Before Expenses) $495,750,000 Benchmark Treasury: UST 3.125% due August 31, 2027 Spread to Benchmark Treasury: T + 295 bps Yield to Maturity: 6.375% 1 Note: The Pricing Term Sheet was revised on September 9, 2022 to correct a typographical error to indicate that the “Price to Public” was 100.000%, and such revised Pricing Term Sheet was filed with the Commission. For the avoidance of doubt, such revised Pricing Term Sheet did not form part of the Pricing Disclosure Package as of the Applicable Time.
2027 Notes. So long as no Default or Event of Default shall have occurred and be continuing with respect to the 2027 Notes at the time of such issuance, the Issuer may from time to time, without the consent of the Holders of the 2027 Notes, issue Additional 2027 Notes. Any such Additional 2027 Notes subsequently issued under this Supplemental Indenture will have the same interest rate, maturity date and other terms as the Initial 2027 Notes, other than, as determined by the Issuer, the date of issuance, issue price, initial Interest Payment Date and amount of interest payable on the initial Interest Payment Date applicable thereto (and, if such Additional 2027 Notes shall be issued in the form of Restricted Notes and the 2027 Notes then outstanding are no longer Restricted Notes at the time of such issuance, other than with respect to transfer restrictions, any Registration Rights Agreement and Additional Interest provisions with respect thereto). The Initial 2027 Notes and any Additional 2027 Notes subsequently issued under this Supplemental Indenture will constitute a single series of 2027 Notes under the Indenture; provided that if any such Additional 2027 Notes would not be fungible with the outstanding 2027 Notes for U.S. federal income tax purposes, the Issuer shall cause such Additional 2027 Notes to be issued with a separate CUSIP number. Unless the context otherwise requires, for all purposes of the Indenture, references to the 2027 Notes shall include any Additional 2027 Notes actually issued.
2027 Notes. Terms Agreement]
2027 Notes. The 2027 Notes shall be amended to provide that:
2027 Notes. The Company may at its option, at any time before June 1, 2027 (three months prior to maturity) redeem some or all of the Notes at any time or from time to time prior to their maturity, at a redemption price equal to the greater of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the redemption date and the Make-Whole Amount, as described in the Preliminary Prospectus, which includes a Make-Whole Spread. On or after June 1, 2027 (three months prior to maturity) the Company may at its option redeem some or all of the Notes at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the redemption date.
2027 Notes. The Company may, at its option, redeem all or, from time to time, any part of the 2027 Notes on any Quarterly Payment Date, at the following redemption prices (expressed as a percentage of outstanding principal amount of the 2027 Notes to be redeemed) plus accrued and unpaid interest and principal on such 2027 Notes, if any, to the applicable early redemption date (subject to the right of Holders of record on the relevant Record Date to receive principal and interest due on the relevant Quarterly Payment Date): 2018 102% 2019 102% 2020 101% 2021 101% 2022 101% 2023 and thereafter 100%
