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Tellurian Inc Again Files for a Baby Bond Offering

Once again LNG company Tellurian Inc (TELL) has filed to sell a new note offering of 8.25% notes due 2028.

The issue will have a sliding scale of redemption prices starting 11/30/2023–the initial redemption is $25.75 and then reducing 25 cents/year until $25 is reached.

Recall that back August the company priced an offering of notes which was cancelled due to some sort of listing snafu.

The preliminary prospectus is here.

LarryRodbard was on top of thsi one.

Fossil Group to Sell Baby Bonds

Fossil Group (FOSL) has announced their intention to sell a new issue of $25 senior notes with a maturity date in 2026.

The notes will have an early redemption available starting on 11/30/2023 on a sliding scale of redemption prices starting at $25.50 with a 25 cent reduction on 11/30/2024 and then on 11/30/2025 at $25/share (bond) with final maturity at 11/30/2026.

The plan is to sell $125,000,000 in notes and to list the shares on NASDAQ.

The preliminary prospectus is here.

af was right on top of this new issue.

Prudential PLC Comes a Calling

As noted by PTrader earlier today Prudential PLC (PUK) has come a calling.

The company is calling the 6.50% (PUK-A) and 6.75% (PUK-) issues effective 12/23/2021.

The issues can be see here.

Here is the company press release

Interestingly the company had announced on 9/19/2021 that they would be calling high yield debt–while not specific as to what issues would be called, holders could have bailed at this time.

Needless to say holders of these issues are seeing red today with the PUK-A issue off $1.24 and the PUK- issue off $1.13.

Business Development Company OFS Capital to Sell New Baby Bonds

BDC OFS Capital (OFS) has announced they will be selling a new issue of baby bonds.

The company has already announced the redemption of their 6.25% Notes due 2023 (OFSSG) for 11/1/2021. This leaves the OFSSI 5.95% notes outstanding which become redeemable on 10/31.

The company press release can be read here.

The preliminary prospectus is here.

Fabrib was on top of this one with 2whiteroses chipping in.