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Partners Value Split Corp. to sell $125 mln preferred offering

Partners Value Split Corp. entered an agreement to sell 5,000,000 Class AA Preferred Shares, Series 18, totaling $125,000,000 in a public offering.

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02:51:49 PM UTC
SquawkNews
Partners Value Split Corp. will sell 5.0M Class AA Preferred Shares, Series 18 at $25.00 for $125.0M, with a 5.30% fixed coupon and final maturity on Sep. 29, 2033. Underwriters have an option for up to 1.0M more shares.Material DetailsContext by AI AnalystThis is a routine funding action for a spl…