Tender Offers for PACIFICORP /OR/
Form Type: SC TO-I/A
Filing Date: 2025-01-03
Corporate Action: Tender-offer
Type: Update
Accession Number: 000117494725000011
Comments: This document is an amendment to the Tender Offer Statement originally filed by PPW Holdings LLC for the tender offers to purchase the outstanding shares of PacifiCorp's 6.00% and 7.00% Serial Preferred Stock. The offers are at a purchase price of $155.00 per share for the 6.00% Preferred Stock and $180.00 per share for the 7.00% Preferred Stock, plus accrued dividends. This amendment adds a reference to a reminder notice to be sent to the holders of Preferred Stock on or about January 3, 2025. The document reaffirms that other terms and conditions from previous amendments remain unchanged and highlights that the filing is part of an ongoing tender offer process that commenced on December 17, 2024.
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Additional details:
Title Of Class Of Securities: 6.00% Serial Preferred Stock
Title Of Class Of Securities 2: 7.00% Serial Preferred Stock
Cusip Number 1: 695114801
Cusip Number 2: 695114884
Purchase Price 6 Percent: 155.00
Purchase Price 7 Percent: 180.00
Reminder Letter Date: 2025-01-03
Form Type: SC TO-I/A
Filing Date: 2024-12-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000117494724001400
Comments: This document is Amendment No. 2 to the Tender Offer Statement on Schedule TO filed by PPW Holdings LLC regarding its offers to purchase for cash all outstanding shares of PacifiCorp's 6.00% and 7.00% Serial Preferred Stock. The offers are set at $155.00 per share for the 6.00% Preferred Stock and $180.00 per share for the 7.00% Preferred Stock, plus accrued dividends. This amendment updates the previous filings made on December 17, 2024, and December 23, 2024, reinforcing that PacifiCorp is a co-offeror. Additionally, it provides details about the Executive Officers and Directors of both the Offeror and PacifiCorp, including their roles and contact information. The filing aims to clarify and supplement the information about the solicitation process and interests of the directors involved. It includes amendments specifically about executive officer backgrounds, interests in the securities, and does not change previous information unless specified herein.
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Additional details:
Name Of Subject Company: PacifiCorp
Offeror Name: PPW Holdings LLC
Preferred Stock Offers: ["6.00% Serial Preferred Stock","7.00% Serial Preferred Stock"]
Purchase Prices: {"6.00%_preferred_stock":"$155.00","7.00%_preferred_stock":"$180.00"}
Contact Person Name: Jeffery B. Erb
Contact Person Title: Secretary, PPW Holdings LLC
Business Address: 825 N.E. Multnomah Street, Suite 2000, Portland, Oregon 97232
Contact Phone Number: (503) 813-5372
Form Type: SC TO-I/A
Filing Date: 2024-12-23
Corporate Action: Tender-offer
Type: Update
Accession Number: 000117494724001383
Comments: Amendment No. 1 to Form SC TO-I relates to the tender offers initiated by PPW Holdings LLC to purchase all outstanding shares of PacifiCorp’s 6.00% and 7.00% Serial Preferred Stock. The offers detail a purchase price of $155.00 per share for the 6.00% Serial Preferred Stock and $180.00 per share for the 7.00% Serial Preferred Stock, plus accrued dividends. The amendment updates the stipulations regarding the redemption and potential stock splits contingent upon the acceptance of a certain threshold of shares. It clarifies that after the approval of shareholders, the company anticipates redeeming outstanding shares and possibly enacting a reverse stock split for the preferred stock. It emphasizes the Offeror's rights to extend or terminate the offers based on conditions met prior to settlement.
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Additional details:
Cik: 695114801
Offeror: PPW Holdings LLC
Redemption Percentage: At least the Redemption Percentage
Reverse Split Percentage: At least the Reverse Split Percentage
Purchase Price 6 Percent: 155.00
Purchase Price 7 Percent: 180.00
Filing Person: PPW Holdings LLC
Date Of Offer To Purchase: 2024-12-17
Company Name: PacifiCorp
Stock Type: Serial Preferred Stock
Contact Name: Jeffery B. Erb
Contact Title: Secretary
Contact Number: (503) 813-5372
Approval Control: within the control of the Offeror
Redemption Amendment: Redemption Amendment
Reverse Split Amendment: Reverse Split Amendment