Attached files
file | filename |
---|---|
8-K - CURRENT REPORT - PTC INC. | ptc-20201231.htm |
Exhibit 99.1
NOTICE OF FULL REDEMPTION
PTC INC.
6.000% Senior Notes due 2024
CUSIP No. 69370CAA8
NOTICE IS HEREBY GIVEN TO THE
HOLDERS of the above-referenced Notes
Pursuant to Section
3.02 of the Indenture, dated as of May 12, 2016 (the “Base
Indenture”), between PTC Inc. (the “Issuer”) and
The Bank of New York Mellon, as trustee (the
“Trustee”), as supplemented by the First Supplemental
Indenture, dated as of May 12, 2016 (together with the Base
Indenture, the “Indenture”), between the Issuer and the
Trustee, relating to the above-referenced 6.000% Senior Notes due
2024 (the “Notes”), the Issuer has elected to redeem
and will redeem in full on May 15, 2020 (the “Redemption
Date”) all $500,000,000 outstanding aggregate principal
amount of the Notes at a redemption price (the “Redemption
Price”) equal to 103.000% of the aggregate principal amount
of the Notes, plus accrued and unpaid interest thereon to, but
excluding, the Redemption Date. Capitalized terms used but not
defined herein shall have the meanings given them in the
Indenture.
Holders
of the Notes will be paid the Redemption Price upon presentation
and surrender of their Notes for redemption to the Paying Agent at
the address indicated below or, in the case of book-entry Notes,
presentation in accordance with the procedures of the Depository
Trust Company (“DTC”). Notes called for redemption must
be so surrendered in order to collect the Redemption Price. The
address for delivery of the Notes is as follows:
Registered
Mail Only:
|
First
Class/Certified/Express Delivery:
|
By Hand
Only:
|
The
Bank of New York Mellon
Global
Corporate Trust
101
Barclay Street, 1st Floor
New
York, NY 10286
Attn:
Corporate Trust Window
|
The
Bank of New York Mellon
Global
Corporate Trust
P.O.
Box 396
East
Syracuse, NY 13057
|
The
Bank of New York Mellon
Global
Corporate Trust
111
Sanders Creek Parkway
East
Syracuse, NY 13057
|
On the
Redemption Date, the Redemption Price will become due and payable
on the Notes to the Paying Agent and, unless the Issuer defaults in
the payment of the Redemption Price, interest on the Notes shall
cease to accrue on and after the Redemption Date and the only
remaining right of the Holders of the Notes is to receive payment
of the Redemption Price upon surrender to the Paying Agent of the
Notes redeemed. If any Note contains a CUSIP or ISIN number, no
representation is made as to the correctness or accuracy of such
numbers either as printed on the Notes or as contained in this
Notice of Redemption.
IMPORTANT TAX INFORMATION
Under
current United States federal income tax law, backup withholding,
at a rate of 24%, generally may apply to the payment of gross
redemption proceeds, unless (i) in the case of a holder that is a
United States person (as determined for U.S. federal income tax
purposes), the Paying Agent has received a properly completed IRS
Form W-9 setting forth the holder’s taxpayer identification
number, or (ii) the holder otherwise establishes an exemption. A
holder that is not a United States person (as determined for U.S.
federal income tax purposes) generally may establish an exemption
from backup withholding by providing to the Paying Agent an IRS
Form W-8BEN or W-8BEN-E (or other applicable form), upon which it
certifies its foreign status.
* * * *
*
PTC
Inc.
By:
The
Bank of New York Mellon, as Trustee
Dated March 25, 2020
Active.34376228.4