Item 1.01 Entry into a Material Definitive Agreement.
Issuance of 3.875% Senior Notes due 2029
On
Indenture for 3.875% Senior Notes due 2029
The Notes were issued pursuant to an indenture (the "Indenture") between the
Company and
The Company may redeem some or all of the Notes at any time prior to
In addition, at any time prior to
On or after
The Indenture contains covenants that, among other things and subject to certain exceptions, (i) limit the Company's ability and the ability of its subsidiaries to incur any liens securing indebtedness for borrowed money and (ii) limit the Company's ability to consolidate or merge with or into another person or sell or otherwise dispose of all or substantially all of the assets of the Company and its subsidiaries (taken as a whole). In the event of a change of control triggering event, the Company is required to make an offer to purchase the Notes at a price equal to 101% of the principal amount thereof plus any accrued and unpaid interest to, but excluding, the date of repurchase.
The Indenture also contains customary events of default, including, but not limited to, (1) failure to make required payments, (2) failure to comply with certain covenants, (3) failure to pay certain other indebtedness, (4) failure to pay certain judgments and (5) certain events of bankruptcy and insolvency. An event of default under the Indenture allows either the Trustee or the holders of at least 30% in aggregate principal amount of the Notes then outstanding, as applicable, to accelerate the amounts due under the Notes, or in the case of a bankruptcy or insolvency, will automatically cause the acceleration of the amounts due under the Notes.
The foregoing description of the Indenture is qualified in its entirety by reference to the full text of the Indenture. The foregoing description of the Notes is qualified in its entirety by reference to the terms of the Notes, the form of which is included as part of the Indenture attached hereto as Exhibit 4.1 and incorporated by reference herein
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained under Item 1.01 above is hereby incorporated by reference in its entirety into this Item 2.03.
--------------------------------------------------------------------------------
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 4.1 Indenture, datedApril 15, 2021 , between the Company andU.S. Bank National Association , as trustee. 4.2 Form of 3.875% Senior Notes due 2029 (included in Exhibit 4.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source