Lineage Inc. has announced a proposed offering of senior notes through its subsidiary, Lineage OP, LP. The offering is subject to market conditions and involves senior unsecured obligations, which will be fully and unconditionally guaranteed by Lineage Inc., Lineage Logistics Holdings, LLC, and other subsidiaries, excluding the Operating Partnership and certain excluded subsidiaries. The company plans to use the net proceeds from the notes to repay amounts outstanding under its revolving credit facility, as well as for other general corporate and working capital purposes. The notes have not been registered under the Securities Act of 1933 and will be offered to qualified institutional buyers under Rule 144A or, outside the U.S., to non-U.S. persons in compliance with Regulation S.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.