trending Market Intelligence /marketintelligence/en/news-insights/trending/4oFZbymPRZDeleq2gZuHDA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

William Lyon Homes details preliminary results of notes tender offer

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


William Lyon Homes details preliminary results of notes tender offer

William Lyon Homes said roughly $395.6 million of 8.5% senior notes due 2020 had been validly tendered in the cash tender offer and consent solicitation related to the notes as of the early tender deadline of Jan. 30 at 5 p.m. ET.

According to the company's information and tender agent, Global Bondholder Services Corp., the notes validly tendered represent 93.09% of the notes' outstanding principal amount.

The company's William Lyon Homes Inc. unit will pay the tendering holders $1,046.50 per $1,000 principal amount of the notes tendered. The total consideration includes an early tender premium of $30.00 for each $1,000 principal amount of the notes tendered.

Having received sufficient consents, the proposals to amend the indenture governing the 2020 notes to remove substantially all of the restrictive covenants and certain events of default and lower the required minimum notice period for optional note redemptions to two business days will take effect Jan. 31 upon the tendering holders' receipt of payment.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are the dealer managers for the tender offer and consent solicitation, which will expire at midnight ET on Feb. 13, unless extended or terminated earlier.