IRVINE, Calif., June 17, 2016 /PRNewswire/
-- CoreLogic (NYSE:CLGX), a leading global property
information, analytics and data-enabled services provider, today
announced it has issued a conditional notice of optional redemption
for all of its outstanding 7.25% Senior Notes due 2021 (the
"Notes") subject to the satisfaction of the Condition (as defined
below). The redemption of the Notes is expected to occur on
July 18, 2016 (the "Redemption
Date").
Subject to the satisfaction of the Condition, CoreLogic intends
to redeem the Notes at a price equal to 103.625% of the principal
amount of the Notes redeemed plus accrued and unpaid interest, if
any, to the Redemption Date (the "Redemption Price"). The aggregate
principal amount outstanding of the Notes is $393,000,000. The redemption of the Notes is
subject to and conditioned upon CoreLogic's deposit with the
Trustee of funds from one or more debt financing transactions in an
amount sufficient to pay the Redemption Price (the
"Condition").
From the Redemption Date forward, the Notes will no longer be
deemed outstanding, interest will no longer accrue and holders will
have no rights other than the right to receive the Redemption
Price, without additional accrued interest, upon surrender of the
Notes. Payment of the Redemption Price will be made only upon
presentation and surrender of the Notes to Wilmington Trust,
National Association, as trustee and paying agent, at the address
specified in the Conditional Notice of Optional Full Redemption.
Questions regarding the Conditional Notice of Optional Full
Redemption should be directed to Wilmington Trust, National
Association at 203-453-4130.
This press release is for informational purposes only and does
not constitute a notice of redemption, nor an offer to tender for,
or purchase, any Notes or any other security. There can be no
assurances that the conditions precedent to the redemption will be
satisfied or that the redemption will occur.
About CoreLogic
CoreLogic (NYSE: CLGX) is a
leading global property information, analytics and data-enabled
services provider. The Company's combined data from public,
contributory and proprietary sources includes over 4.5 billion
records spanning more than 50 years, providing detailed coverage of
property, mortgages and other encumbrances, consumer credit,
tenancy, location, hazard risk and related performance information.
The markets CoreLogic serves include real estate and
mortgage finance, insurance, capital markets, and the public
sector. CoreLogic delivers value to clients through
unique data, analytics, workflow technology, advisory and managed
services. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif., CoreLogic operates
in North America, Western Europe and Asia
Pacific. For more information, please
visit www.corelogic.com.
Safe Harbor / Forward Looking Statements
This press
release includes "forward-looking statements" within the meaning of
the federal securities laws. Risks and uncertainties exist that may
cause the results to differ materially from those set forth in
these forward-looking statements. We caution you that the
forward-looking information presented in this press release is not
a guarantee of future events, and that actual events may differ
materially from those made in or suggested by the forward-looking
information contained in this press release. In addition,
forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may," "plan," "seek,"
"comfortable with," "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. A number of important
factors could cause actual events to differ materially from those
contained in or implied by the forward-looking statements,
including our ability to satisfy the Condition or consummate the
redemption and those factors discussed in our quarterly report on
Form 10-Q for the year ended March 31, 2016, filed on
April 22, 2016 with the Securities
& Exchange Commission ("SEC"), which can be found at the SEC's
website www.sec.gov, each of which is specifically incorporated
into this press release, as well as any risk factors contained in
subsequent quarterly and annual reports we file with the SEC. The
forward-looking statements speak only as of the date they are made.
CoreLogic does not undertake to update forward-looking statements
to reflect circumstances or events that occur after the date the
forward-looking statements are made.
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SOURCE CoreLogic