Commences $500M Notes Tender
Commences cash tender offer for $500M of 6.000% Senior Notes due 2028
Tender offer expires at 17:00 New York City time on June 30th, unless extended or earlier terminated; expected settlement date is July 6th. - Purchase price will be determined by reference to a fixed spread of 40 bps plus the yield to maturity based on the bid-side price of the 3.50% UST due October 31st, 2027, quoted at 14:00 New York City time on June 30th. - Holders whose Notes are accepted will also receive accrued and unpaid interest from the last applicable interest payment date to, but not including, the settlement date; J.P.
Morgan Securities LLC is dealer manager.