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LONDON - Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD), a closed-ended investment company, has successfully closed an offering of €650 million in senior notes, the company announced today. The notes, which are due in 2030, carry a coupon rate of 4.250% per annum.
The company has stated that the net proceeds from this offering are earmarked for general corporate purposes. These may include making investments or holding assets that align with Pershing Square’s investment policy.
The announcement clarified that the newly issued notes have not been registered under the U.S. Securities Act of 1933 and, as such, cannot be offered or sold within the United States or to U.S. persons without registration or an exemption from the registration requirements. Consequently, there will be no public offering of these notes in the United States.
Furthermore, Pershing Square Holdings is not registered under the U.S. Investment Company Act of 1940, meaning the investors in the notes will not have the protections afforded by this act.
The distribution of this announcement and the offering of the notes may be subject to legal restrictions in certain jurisdictions. Potential investors are advised to ensure compliance with local laws and regulations.
The company’s announcement also indicates that the notes are targeted at eligible counterparties and professional clients only, in accordance with MIFID II and UK MiFIR product governance requirements. Retail investors in the EEA or UK are not provided with a key information document as the notes are not available to them.
This financial move by Pershing Square Holdings is based on a press release statement and is part of the company’s broader corporate actions. Interested parties are reminded that forward-looking statements within the announcement are not guarantees of future performance and are subject to various assumptions and expectations that may or may not be accurate.
Pershing Square Holdings operates as an investment holding company and is structured as a closed-ended fund. The company’s registered office is in St. Peter Port, Guernsey.
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