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TravelCenters of America Inc., 8.25% Senior Notes due 1/15/2028
Ticker Symbol: TANNI* CUSIP: 894174200 Previous CUSIP: Exchange: NGS
* NOTE: This security is no longer trading as of 6/15/23
Security has been Called for: Thursday, June 15, 2023
May 16, 2023 -- TravelCenters of America Inc. announced today that it will redeem all of the Notes outstanding on June 15, 2023 (the “Redemption Date”). The redemption price for the Notes is equal to 100.00% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to but excluding the Redemption Date. TA has instructed the trustee for the Notes, U.S. Bank National Association (the “Trustee”), to distribute a notice of redemption to all registered holders of the Notes. Redemption with respect to book-entry interests in the Notes represented by global notes will be done in accordance with the standard procedures of The Depository Trust Company May 10 ,2023 -- In connection with the consummation of the Merger, the Company has notified the Nasdaq Stock Market LLC (“Nasdaq”) of its intention to voluntarily delist from the Nasdaq Global Select Market and deregister its 8.25% Senior Notes due 2028 (CUSIP Number 894174200), 8.00% Senior Notes due 2029 (CUSIP Number 894174309), and 8.00% Senior Notes due 2030 (CUSIP Number 894174408) (collectively, the “Senior Notes”) under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), by filing an application with the Securities and Exchange Commission (the “SEC”) on Form 25 on or about May 26, 2023. The Company expects the delisting of the Senior Notes to become effective on or about June 5, 2023. After the delisting of the Senior Notes, the Company plans to file a Form 15 with the SEC to suspend its reporting obligations pursuant to Section 15(d) of the Exchange Act. August 01, 2019 TravelCenters of America LLC (TA) will effect a one-for-five (1-5) reverse stock split along with a conversion from a Delaware LLC to a Maryland corporation on its outstanding shares of Common Stock.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: TravelCenters of America Inc. formerly, TravelCenters of America LLC., 8.25% Senior Notes due 2028, issued in $25 denominations, redeemable at the issuer's option on or after 1/15/2016 at $25 per note plus accrued and unpaid interest, and maturing 1/15/2028. Interest distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Goto Parent Company's Record (TA*)
IPO - 1/8/2013 - 4.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Ticker Symbol: TANN Changed: 7/01/16
Changed: 1/01/00
Market Value $ 100 Million
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Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 24601 Center Ridge Road, Suite 200, Westlake, OH 44145 |
Main Phone Number |
440-808-9100 |
Fax Number |
Not Available |
Investor Relations
Kristin Brown
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617-796-8251
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CEO - Jonathan M. Pertchik |
CFO - Peter J. Crage |
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