TXU Corp. Announces Pricing for Cash Tender Offers for $2.3 Billion of Outstanding Debt Securities
09 Octubre 2007 - 5:03PM
PR Newswire (US)
TXU Corp. Securities: DALLAS, Oct. 9 /PRNewswire-FirstCall/ -- TXU
Corp. (NYSE:TXU) announced today the determination of the total
consideration and tender offer consideration to be paid pursuant to
its cash tender offers and related consent solicitations for the
4.80% Series O Senior Notes due 2009 of TXU Corp. and the 6.125%
Senior Notes due 2008 and 7.000% Senior Notes due 2013
(collectively, the "Notes") of Texas Competitive Electric Holdings
Company LLC ("TCEH"). The total consideration payable for Notes
accepted for payment that were validly tendered with consents and
not validly withdrawn at or prior to 5:00 p.m., New York City time,
on October 5, 2007 (the "Consent Payment Deadline"), will be an
amount equal to the total consideration specified in the table
below for each $1,000 principal amount of Notes. The tender offer
consideration payable for Notes accepted for payment that are
validly tendered after the Consent Payment Deadline but at or prior
to midnight, New York City time, on October 23, 2007 (unless
extended or earlier terminated by TXU Corp., the "Offer Expiration
Date"), will be an amount equal to the total consideration minus
the $30.00 consent payment. In each case, holders whose Notes are
accepted for payment in the tender offers will receive accrued and
unpaid interest for such Notes from the last interest payment date
to, but not including, the applicable payment date for Notes
purchased in the tender offers. Table 1 provides information
relating to the determination of the applicable total
consideration, consent payment and tender offer consideration per
$1,000 principal amount of Notes. Table 1: Pricing Information for
Tender Offers Tender Tender Offer CUSIP Applicable Offer Total
Consent Consider- No. Issuer Security Spread Yield Consideration
Payment ation 6.125% Senior Notes due 90210VAD0 TCEH 2008 37.5 bps
4.693% $1,005.96 $30 $975.96 4.80% Series O Senior Notes TXU due
873168AJ7 Corp. 2009 25 bps 4.373% $1,008.43 $30 $978.43 7.000%
Senior Notes due 90210VAB4 TCEH 2013 50 bps 4.835% $1,102.28 $30
$1,072.28 The tender offers and consent solicitations relating to
the Notes are made upon the terms and conditions set forth in the
Offer to Purchase and Consent Solicitation Statement dated
September 25, 2007 (the "Offer to Purchase"), and the related
Consent and Letter of Transmittal. The tender offers and consent
solicitations are subject to the satisfaction of certain
conditions, including the proposed merger of TXU Corp. with Texas
Energy Future Merger Sub Corp, a wholly-owned subsidiary of Texas
Energy Future Holdings Limited Partnership having occurred or such
merger occurring substantially concurrent with the initial payment
date for the tender offers. Further details about the terms and
conditions of the tender offers and the consent solicitations are
set forth in the Offer to Purchase. TXU Corp. has retained Goldman,
Sachs & Co. and Banc of America Securities LLC to act as the
dealer managers for the tender offers and solicitation agents for
the consent solicitations. Goldman, Sachs & Co. may be
contacted at (212) 357-0775 (collect) or (877) 686-5059 (toll-free)
and Banc of America Securities LLC may be contacted at (704)
388-9217 (collect) and (888) 292-0070 (toll-free). Requests for
documentation may be directed to Global Bondholder Services
Corporation, the Information Agent, which can be contacted at (212)
430-3774 (for banks and brokers only) or (866) 804-2200 (for all
others toll- free). This release is for informational purposes only
and is neither an offer to purchase nor a solicitation of an offer
to sell the Notes. The offer to buy the Notes is only being made
pursuant to the tender offer and consent solicitation documents,
including the Offer to Purchase, that have been previously
distributed to holders of the Notes. The tender offers and consent
solicitations are not being made to holders of Notes in any
jurisdiction in which the making or acceptance thereof would not be
in compliance with the securities, blue sky or other laws of such
jurisdiction. In any jurisdiction in which the securities laws or
blue sky laws require the tender offers and consent solicitations
to be made by a licensed broker or dealer, the tender offers and
consent solicitations will be deemed to be made on behalf of TXU
Corp. by one or more of the dealer managers, or one or more
registered brokers or dealers that are licensed under the laws of
such jurisdiction. About TXU Corp. TXU Corp., a Dallas-based energy
holding company, has a portfolio of competitive and regulated
energy subsidiaries, primarily in Texas, including TXU Energy,
Luminant and Oncor. TXU Energy is a competitive retailer that
provides electricity and related services to 2.1 million
electricity customers in Texas. Luminant is a competitive power
generation business, including mining, wholesale marketing and
trading, construction and development operations. Luminant has over
18,300 MW of generation capacity in Texas, including 2,300 MW of
nuclear and 5,800 MW of coal-fueled generation capacity. Luminant
is also the largest purchaser of wind-generated electricity in
Texas and fifth largest in the United States. Oncor is a regulated
electric distribution and transmission business that uses superior
asset management skills to provide reliable electricity delivery to
consumers. Oncor operates the largest distribution and transmission
system in Texas, providing power to three million electric delivery
points over more than 101,000 miles of distribution and 14,000
miles of transmission lines. DATASOURCE: TXU Corp. CONTACT:
Investor Relations, Tim Hogan, +1-214-812-4641, or Bill Huber,
+1-214-812-2480, or Corporate Communications, Brian Tulloh,
+1-214-812-8395, all of TXU Corp.
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