Montag, 22.03.2021 14:05 von PR Newswire | Aufrufe: 37

Union Pacific Corporation Announces Results to Date of Exchange Offers and Increase in Size of 2071 Exchange Offers Limit

Ein Union Pacific Frachtzug. © mixmotive / iStock Editorial / Getty Images Plus / Getty Images https://www.gettyimages.de/

PR Newswire


OMAHA, Neb., March 22, 2021 /PRNewswire/ -- Union Pacific Corporation (NYSE:UNP) ("Union Pacific" or the "Corporation") today announced (a) the early results of its private offers to exchange (1) certain of its outstanding notes and debentures referenced in the first table below for a combination of new notes due 2036 (the "New 2036 Notes") and cash (the "2036 Offers"), and (2) certain of its outstanding notes referenced in the second table below for a combination of new notes due 2071 (the "New 2071 Notes" and, together with the New 2036 Notes, the "New Notes") and cash (the "2071 Offers" and, together with the 2036 Offers, the "Exchange Offers") and (b) an amendment to the 2071 Offers to increase the 2071 Offers Limit (as defined below) from $750,000,000 to $1,012,201,000.  The outstanding notes and debentures to be exchanged pursuant to the Exchange Offers are collectively referred to as the "Existing Notes." 

On March 8, 2021, Union Pacific commenced six separate 2036 Offers to eligible holders in an amount that requires no more than $1,000,000,000 of New 2036 Notes to be issued pursuant to the 2036 Offers (the "2036 Offers Limit"), subject to the applicable priorities and limitations as set forth in Union Pacific's offering memorandum dated March 8, 2021 (the "Offering Memorandum") and related letter of transmittal.  In addition, Union Pacific also commenced twelve separate 2071 Offers to eligible holders in an amount that requires no more than $750,000,000 of New 2071 Notes to be issued pursuant to the 2071 Offers (the "2071 Offers Limit"), subject to the applicable priorities and limitations as set forth in the Offering Memorandum and related letter of transmittal. 

The approximate principal amount of the Existing Notes validly tendered for exchange and not validly withdrawn, as of 5:00 p.m., New York City time, on March 19, 2021 (the "Early Exchange Date"), based on information provided by the exchange agent to Union Pacific, is $1,793,944,000 as described in greater detail in the tables below.  The amount of outstanding Existing Notes validly tendered and not validly withdrawn as of the Early Exchange Date exceeded the minimum condition that, in the case of the 2036 Offers, Union Pacific receive valid tenders of Existing Notes, not validly withdrawn, that require the issuance of at least $300 million aggregate principal amount of New 2036 Notes in accordance with the terms of the 2036 Offers and, in the case of the 2071 Offers, Union Pacific receive valid tenders of Existing Notes, not validly withdrawn, that require the issuance of at least $300 million aggregate principal amount of New 2071 Notes in accordance with the terms of the 2071 Offers.

The table below shows the principal amount of each series of Existing Notes that has been validly tendered and not validly withdrawn pursuant to the 2036 Offers as of the Early Exchange Date.

CUSIP Number

Title of
Series

Kurse

  
229,48 $
+1,00%
Union Pacific Chart
Werbung

Weiter aufwärts?

  
Kurzfristig positionieren in Union Pacific
Ask: 1,04
Hebel: 19,64
mit starkem Hebel
Ask: 0,31
Hebel: 6,08
mit moderatem Hebel
HSBC Trinkaus & Burkhardt AG
Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie hier: TT62ZT,TT32J0,. Beachten Sie auch die weiteren Hinweise zu dieser Werbung. Der Emittent ist berechtigt, Wertpapiere mit open end-Laufzeit zu kündigen. Lizenzhinweise finden Sie hier.

Aggregate
Principal

Amount

Outstanding

Acceptance
Priority

Level

Maximum
Acceptance
Sublimit

Principal Amount
Tendered for
Exchange as of
Early Exchange
Date

907818EY0

3.950% Notes due 2028

$1,500,000,000

1

$550,000,000

$444,780,000

907818FB9

3.700% Notes due 2029

$1,000,000,000

2

$400,000,000

$225,355,000

907818CU0

6.250% Debentures due 2034

$160,068,000

3

N/A

$5,537,000

907818CS5

5.375% Debentures due 2033

$149,687,000

4

N/A

$5,320,000

907818BY3

7.125% Debentures due 2028

$175,560,000

5

N/A

$13,640,000

907818CF3

6.625% Debentures due 2029

$398,276,000

6

N/A

$5,741,000

The table below shows the principal amount of each series of Existing Notes that has been validly tendered and not validly withdrawn pursuant to the 2071 Offers as of the Early Exchange Date.

CUSIP Number

Title of
Series

Aggregate
Principal

Amount

Outstanding

Acceptance
Priority

Level

Maximum
Acceptance
Sublimit

Principal Amount
Tendered for
Exchange as of
Early Exchange Date

907818EX2

4.800% Notes due 2058

$76,570,000

1

N/A

$50,508,000

907818DT2

907818DS4

4.821% Notes due 2044

$189,119,000

2

N/A

$3,700,000

907818EG9

4.375% Notes due 2065

$600,000,000

3

N/A

$421,588,000

907818DL9

4.300% Notes due 2042

$222,179,000

4

N/A

$16,064,000

907818EW4

4.500% Notes due 2048

$453,374,000

5

N/A

$63,476,000

907818DP0

4.250% Notes due 2043

$212,708,000

6

N/A

$25,573,000

907818DZ8

Werbung
Mehr Nachrichten kostenlos abonnieren
E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptieren Sie die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.

Andere Nutzer interessierte auch dieser Artikel: