Finance - Redemptions
Approximately 85% of the total notes currently outstanding, were validly surrendered to the paying agent and not withdrawn.
Has received tenders and consents from holders of approximately 84% of the aggregate principal amount of its 6.125% senior notes due 2014.
Certain noteholders will be issued 3.04 million Harvest Nature shares in exchange for $15.98 million in aggregate senior convertible notes and associated interest.
Exchanged $350 million of its 6.5% senior notes due 2021 for $350 million of its outstanding 6.5% senior notes due 2021,
The distribution will be paid on February 14, 2012 to all unitholders of record on February 3, 2012.
The company's board of directors of its general partner declared a quarterly cash distribution to unitholders of $0.475 per unit, an increase of one-half cent over the previous level of $0.47 per unit.
Targa Resources Corp. announced on Jan. 12 that its board of directors has declared a quarterly cash dividend of 33.625c per share, or $1.345 per common share on an annualized basis, for the fourth quarter 2011.
The company received and accepted tenders of 100% of the Old Notes that were outstanding.
This distribution represents an increase of approximately 10.2% over the fourth quarter 2010 quarterly distribution of $0.395 per unit, and an approximate 3.0% increase over the distribution paid with respect to the third quarter of 2011.
The notes were originally issued in March 2005 in an aggregate principal amount of $150,000,000, all of which remain outstanding.
The holders of such notes will receive total consideration equal to $1,025.00 per $1,000 principal amount of notes, which includes an early tender premium of $30.00 per $1,000 principal amount of notes accepted for purchase, plus accrued and unpaid interest on such notes to the payment date.
Under the terms of the agreement, Flotek will pay the holders of the notes 104.95% of the principal amount plus accrued interest at closing.