U.S. Securities Laws Applicable to Debt Exchange Offers and Cash Tender Offers Chart

Summary

This chart summarizes the U.S. federal securities laws applicable to exchange offers and cash tender offers for debt securities. These securities laws include the Securities Act of 1933, as amended (Securities Act), the Securities Exchange Act of 1934, as amended (Exchange Act), and the Trust Indenture Act of 1939, as amended (TIA), as well as the relevant regulations under each statute. In general, the securities laws summarized in this chart apply to both exchange offers and cash tender offers for debt securities; however, certain sections and regulations are applicable only under certain circumstances depending on the type of transaction, as noted in this chart.