TD Securities

Sunrun Prices Record-Setting $715 million Senior Securitization of Residential Solar & Battery Systems

Retrieved on: 
Thursday, September 14, 2023
Note, TD, Deutsche Bank, Class, TD Securities, Atlas, BofA Securities, Record, J.P. Morgan & Co., A-1, Sale, SAN, FICO, Citigroup Global Markets Japan, Security (finance)

“The capital markets continue to recognize the high quality of Sunrun’s residential solar assets, and the company’s industry-leading performance as an originator and servicer.

Key Points: 
  • “The capital markets continue to recognize the high quality of Sunrun’s residential solar assets, and the company’s industry-leading performance as an originator and servicer.
  • This latest securitization sets new records, representing the largest securitization in Sunrun’s history and also the largest across the entire residential solar industry.
  • The $440mm Class A-1 notes were marketed in a public asset backed securitization whereas the $275mm Class A-2 notes were privately placed.
  • The spread of 240bps represents an improvement of 25bps from Sunrun’s 2023-1 asset backed securitization in May 2023.

Capital Power announces a C$350 million medium term note offering

Retrieved on: 
Tuesday, September 12, 2023
Note, TD, TD Securities, Perception, CPX, Capital Power Corporation, Person, RBC Capital Markets, Internet, Indigenous peoples, BBB, Annual report, Analysis, Offering, Capital, Risk management, TSX, News, S&P Global Ratings, Cryptocurrency, Security (finance)

EDMONTON, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$350 million (the “Offering”).

Key Points: 
  • EDMONTON, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$350 million (the “Offering”).
  • The net proceeds of the Offering will be used to repay, redeem or refinance existing indebtedness, including indebtedness under Capital Power’s credit facilities, or for general corporate purposes.
  • The notes to be issued and sold under the Offering have been rated BBB- by S&P Global Ratings and BBB (low) by DBRS Limited.
  • Capital Power undertakes no obligation to update or revise any forward-looking information except as required by law.

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Thursday, September 14, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Exercise, Attention, Database, BMO Capital Markets, Partnership, 1271 Avenue of the Americas, Stifel, TD, Telephone, TD Securities, BofA Securities, Mizuho Securities, EDGAR, Goldman Sachs, Bangladesh Securities and Exchange Commission, Sale, Equity capital markets, Prospectus, Investment, TEL, Hudson Yards, Citigroup, Wells Fargo, Security (finance), NYSE, Broadridge Financial Solutions, Barclays

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 10,440,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $23.00 per share.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 10,440,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $23.00 per share.
  • The offering was upsized from the previously announced offering size of 8,700,000 shares of common stock, and the offering is expected to close on September 18, 2023, subject to customary closing conditions.
  • Wells Fargo Securities, BofA Securities, Citigroup, and Mizuho are acting as the joint book-running managers for the offering.
  • Stifel, Huntington Capital Markets, Raymond James, and Wolfe Capital Markets and Advisory are acting as co-managers of the offering.

FirstLight Power to Acquire Leading Canadian Renewable Operator and Developer Hydromega Services Inc., Including Ownership Interest in Ten Operating Hydroelectric Assets and a Large Clean Energy Development Pipeline

Retrieved on: 
Wednesday, September 13, 2023
Environment, Technology, Other Energy, Other Technology, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, LLP, Partnership, Davies Ward Phillips & Vineberg, TD, PJM, TD Securities, Electricity, Multimedia, Government, Wind, Natural Resources, Province, Organization, Climate change, Acquisition, First Nations, Growth, KPMG, Renewable energy

In addition, FirstLight will add Hydroméga’s clean energy development pipeline that includes over 2 gigawatts (GW) of wind, solar, storage, and hydroelectric projects, doubling FirstLight’s development pipeline to approximately 4 GW in the United States and Canada.

Key Points: 
  • In addition, FirstLight will add Hydroméga’s clean energy development pipeline that includes over 2 gigawatts (GW) of wind, solar, storage, and hydroelectric projects, doubling FirstLight’s development pipeline to approximately 4 GW in the United States and Canada.
  • Hydroméga’s operating assets provide clean, reliable power to those Provinces, and the projects include ownership participation by four First Nations, providing long term benefits to those indigenous communities.
  • “The strategic acquisition of the Hydroméga platform continues an exciting and transformational period for FirstLight,” said Alicia Barton, President and CEO of FirstLight.
  • "Over the years Hydroméga has developed an impressive Canadian platform of renewable energy assets on which FirstLight intends to further expand.

American Tower Corporation Prices Senior Notes Offering

Retrieved on: 
Tuesday, September 12, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, TD, American Tower, Barclays Capital Inc. v. Theflyonthewall.com, Inc., TD Securities, Sale, RBC Capital Markets, NYSE, Prospectus, Security (finance), Barclays

American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2028 and 2033 in aggregate principal amounts of $750.0 million and $750.0 million, respectively.

Key Points: 
  • American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2028 and 2033 in aggregate principal amounts of $750.0 million and $750.0 million, respectively.
  • The 2028 notes will have an interest rate of 5.800% per annum and are being issued at a price equal to 99.828% of their face value.
  • The net proceeds of the offering are expected to be approximately $1,482.8 million, after deducting underwriting discounts and estimated offering expenses.
  • American Tower intends to use the net proceeds to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility.

Fairway Private Equity & Venture Capital Opportunities Fund Announces Second Quarter Results

Retrieved on: 
Wednesday, August 30, 2023
Software, Banking, Networks, Accounting, Internet, Professional Services, Data Management, Technology, Artificial Intelligence, Other Professional Services, Finance, Consulting, Private equity, GCM Grosvenor, Interview, DLJ, Investment, TD, Net asset value, Geode Capital Management, TD Securities, Wall Street, Investment Company Act of 1940, Goldman Sachs, Boeing, Acquisition, Partner, Corporation, Partnership, KPMG, Merrill (company), Financial analyst, Fund, Cryptocurrency, Security (finance), Financial services, Financial adviser, Fairway

Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 3.72% in the quarter ended June 30, 2023.

Key Points: 
  • Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 3.72% in the quarter ended June 30, 2023.
  • As a ’40 Act fund, Fairway Private Equity & Venture Capital Opportunities Fund offers greater flexibility than a traditional, institutionally oriented private equity investment vehicle.
  • The evergreen structure provides immediate and continuous exposure to high-quality private equity and venture capital investments.
  • The Fairway team includes veteran private equity professionals with total collective experience of 100+ years and deep relationships with many leading private equity and venture capital General Partners.

Celanese Announces Pricing Terms Of Cash Tender Offer For Certain Celanese US Holdings LLC Debt Securities

Retrieved on: 
Thursday, August 24, 2023
Chemicals, Plastics, Manufacturing, Note, Tender offer, TD, Person, TD Securities, BofA Securities, J.P. Morgan & Co., Trustee, Series, Mini-tender offer, Letter, News, Personal Information Agent, Cryptocurrency

BofA Securities, Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the Lead Dealer Managers for the Tender Offer.

Key Points: 
  • BofA Securities, Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the Lead Dealer Managers for the Tender Offer.
  • This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes.
  • The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase dated August 10, 2023.
  • Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

Crescent Point Announces Sale of its North Dakota Assets

Retrieved on: 
Thursday, August 24, 2023
BMO Capital Markets, TD, Crescent Point Energy, TD Securities, CPG, Perella Weinberg Partners, AB, TPH, RBC Capital Markets, Public expenditure, Good, Asset, Transaction, WTI, TSX, NYSE, Cryptocurrency, Bank

CALGARY, AB, Aug. 24, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with a private operator to sell its North Dakota assets (the "Assets") for US$500 million (approximately $675 million) in cash (the "Transaction").

Key Points: 
  • CALGARY, AB, Aug. 24, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the "Agreement") with a private operator to sell its North Dakota assets (the "Assets") for US$500 million (approximately $675 million) in cash (the "Transaction").
  • "Over the last few years, we have taken several strategic steps to optimize our portfolio," said Craig Bryksa, President and CEO of Crescent Point.
  • Crescent Point has agreed to sell its North Dakota assets to a private operator for US$500 million (approximately $675 million) in cash.
  • Given the limited drilling inventory associated with these Assets, production in North Dakota was expected to decrease to 18,000 boe/d by 2027 and decline further in future years.

Celanese Announces Early Results And Upsizing Of Cash Tender Offer Of Certain Celanese US Holdings LLC Debt Securities

Retrieved on: 
Thursday, August 24, 2023
Chemicals, Plastics, Manufacturing, United States Treasury security, Total, Tender offer, TD, Person, TD Securities, BofA Securities, J.P. Morgan & Co., Trustee, Treasury, Settlement, Mini-tender offer, Letter, News, Personal Information Agent, Cryptocurrency, Note

King & Co., Inc., the tender and information agent for the Tender Offer.

Key Points: 
  • King & Co., Inc., the tender and information agent for the Tender Offer.
  • The Total Tender Offer Consideration will be calculated by the Dealer Managers (identified below) for the Tender Offer at 10:00 a.m., New York City time, today, August 24, 2023.
  • In accordance with the terms of the Tender Offer, the withdrawal deadline was 5:00 p.m., New York City time, on August 23, 2023.
  • BofA Securities, Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC are the Lead Dealer Managers for the Tender Offer.

Arconic Completes Transaction with Apollo Funds

Retrieved on: 
Friday, August 18, 2023
Automotive Manufacturing, Aerospace, Manufacturing, Construction & Property, Professional Services, Architecture, Asset Management, Steel, Packaging, Machinery, Machine Tools, Metalworking & Metallurgy, LLP, BMO Capital Markets, Apollo Global Management, Wachtell, Lipton, Rosen & Katz, TD, APO, ARNC, TD Securities, Goldman Sachs, Corporation, Acquisition, Wells Fargo, Willkie Farr & Gallagher, Paul, Weiss, Rifkind, Wharton & Garrison, NYSE, Financial adviser, Arconic, Irenicism

Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).

Key Points: 
  • Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).
  • Tim Myers, Arconic Chief Executive Officer, said, “The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employees, investors, and the communities where we operate.
  • and Goldman Sachs & Co. LLC served as financial advisors to Arconic, and Wachtell, Lipton, Rosen & Katz served as legal counsel to Arconic.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds.