(“Deutsche Bank”) and Morgan Stanley & Co. The Issuer has retained Deutsche Bank Securities Inc. The Issuer’s obligation to accept and pay for Notes validly tendered and not validly withdrawn is conditioned on the General Conditions having been satisfied.įor further details on the procedures for tendering the 2022-6 Notes and the 2020-5 Notes, please refer to the applicable Offer to Purchase, including the procedures set out under the heading “The Offer-Procedures for Tendering Notes” in each of the Offers to Purchase. Subject to applicable law and limitations described in each of the Offers to Purchase, the applicable Issuer may waive any of the conditions in its sole discretion. Notes tendered pursuant to the Offers may also be withdrawn at any time after the 60th business day after commencement of the Offers if for any reason the Offers have not been consummated within 60 business days of commencement.Įach of the Offers is subject to the satisfaction of certain conditions as more fully described under the heading “The Offer-Conditions to the Offer” in each of the Offers to Purchase. Tendered Notes may be withdrawn at any time prior to 5:00 p.m., New York City time, on September 12, 2022, or if an Offer is extended, the 10th business day after the commencement of such Offer (the “Withdrawal Time”), but not thereafter, except as required by applicable law as described in each of the Offers to Purchase. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offers to Purchase.Įach Offer will expire at 5:00 p.m., New York City time, on September 12, 2022, unless such Offer is extended or earlier terminated (the “Expiration Time”). These Offers are made upon the terms and subject to the conditions set forth in separate offers to purchase, each dated Septem(as may be amended or supplemented from time to time, each, an “Offer to Purchase”), and their accompanying notices of guaranteed delivery (each, a “Notice of Guaranteed Delivery” and, together with the applicable Offers to Purchase, the “Tender Offer Documents”). #Down in bermuda blue key series#The procedures for tendering the Series 2022-6 Notes in the Series 2022-6 Offer and tendering the Series 2020-5 Notes in the Series 2020-5 Offer are separate. The Series 2022-6 Offer and the Series 2020-5 Offer are two separate offers. Interest on the Notes will cease to accrue on the Settlement Date for all Notes accepted in the Offers, including those tendered through the guaranteed delivery procedures. In addition to the applicable Tender Offer Consideration, Holders whose Notes are accepted for purchase by the Issuer will receive the accrued interest in respect of their Notes from the last interest payment date of the Notes to, but not including, the applicable Settlement Date. #Down in bermuda blue key plus#The Tender Offer Consideration payable for the Notes was determined in the manner described in each of the Offers to Purchase by reference to the applicable Fixed Spread for the Notes specified in each of the Offers to Purchase plus the Reference Yield. For Notes tendered and accepted for payment in integral multiples of less than $1,000 in excess of $2,000, the Tender Offer Consideration shall be prorated accordingly. Treasury Reference Security as of 2:00 pm New York City time on September 12, 2022. (1) Per $1,000 principal amount of Notes validly tendered at or prior to the Expiration Time or the Guaranteed Delivery Time pursuant to the guaranteed delivery procedures and not validly withdrawn and accepted for purchase (and subject to the applicable authorized denomination), calculated on the basis of the bid-side price of the U.S.
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