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On August 2, 2012, Rowan Companies disclosed in its earnings call that the company was noticing growing customer interest in high specification rigs, and that the utilization rates in the high specification jack-up rigs market was highest since 2009. | not-forward | seekingalpha.com | https://seekingalpha.com/article/839291-rowan-companies-has-huge-upside |
West Palm Beach, FL – Comvest Partners, through its Comvest Capital lending platform ("Comvest"), is pleased to announce that its third direct lending fund, Comvest Capital III, has closed on a $100 million committed revolving credit facility with Goldman Sachs Bank USA ("Goldman Sachs"), with an additional $50 million upsize structured through an uncommitted accordion feature (the "Facility"). This announcement follows Comvest's final closing of Comvest Capital III in June of 2015 with $450 million in capital commitments, above the initial target of $350 million. With the addition of the Facility, Comvest Capital III will have up to $600 million of available capital, including the accordion upsize. "We are very pleased to have closed this credit facility with Goldman Sachs as it provides Comvest with additional capital to deploy in our lower middle-market lending strategy. | not-forward | comvest.com | https://comvest.com/comvest-partners-receives-revolving-credit-facility-from-goldman-sachs |
Now that Suncor Energy Inc. has launched a $4.3 billion offer for Canadian Oil Sands Ltd., investors generally think a wave of consolidation is coming in Canada's energy patch. | forward | www.fool.ca | https://www.fool.ca/2015/10/12/what-makes-baytex-energy-corp-ripe-for-a-takeover |
MALVERN, Pa., April 1, 2024 /PRNewswire/ -- Endo, Inc. ("Endo"), a newly formed entity, today announced that its wholly-owned subsidiary Endo Finance Holdings, Inc. (the "Borrower") intends to enter into new senior secured credit facilities consisting of: (i) a $400.0 million five-year super-priority revolving credit facility (the "New Revolving Facility"); and (ii) a $1,250.0 million seven-year term loan facility (the "New Term Loan Facility", and together with the New Revolving Facility, the "New Credit Facilities"). | forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/endo-inc-announces-proposed-new-senior-secured-credit-facilities-302104599.html |
Upon closing of the RCF, Capstone will repay the existing debt facility with Glencore Chile SpA ("Glencore") which was previously raised in connection with the Mantos Blancos Concentrator Development Project. Raman Randhawa, Capstone's SVP and CFO commented, "The successful closing of our amended revolving credit facility, which has been right-sized for Capstone Copper along with improved terms and conditions will provide greater financial flexibility to support the execution of our future growth projects. | forward | www.businesswire.com | https://www.businesswire.com/news/home/20220722005303/en/capstone-extends-and-expands-its-revolving-credit-facility |
We have now entered the phase in Pipestone area where we are significantly realizing the benefits of the acquisition we completed three years ago with substantial free adjusted funds flow being generated from this asset. Balance Sheet Strength and Rapid Debt Reduction In the fourth quarter of 2021, NuVista reduced bank debt by $69 million by continuing to direct all free adjusted funds flow towards the reduction of net debt. With the benefit of increased production and favorable pricing, this bettered our debt reduction expectations, ending the quarter with bank drawings of $196 million – a reduction of $167 million during the full year of 2021. NuVista's credit facility capacity was redetermined and maintained at $440 million at the semi-annual review in November. Net debt was reduced during 2021 by a total of $119 million. NuVista closed the year of 2021 with a favorable net debt to annualized fourth quarter adjusted funds flow ratio of 0.8x. | not-forward | www.globenewswire.com | https://www.globenewswire.com/en/news-release/2022/03/09/2399780/0/en/NuVista-Energy-Ltd-Announces-Record-Year-End-2021-Reserves-Financial-and-Operating-Results.html |
This credit facility is slated to mature on Jul 11, 2017. However, on the fulfilment of certain conditions and the payment of an extension fee, the maturity date can be extended for another year. Based on Prologis' public debt ratings, the pricing on this credit facility currently stands at LIBOR plus 130 basis points – reflecting a reduction of 40 basis points from that of the prior global credit facility. In Conclusion Prologis is significantly capitalizing on promising opportunities across the globe. With a larger customer base, rise in e-Commerce application and supply chain consolidation, there is an increasing demand for Class-A facilities and Prologis stands to benefit as it has the capacity to offer modern distribution facilities in strategic infill locations. Recently, Prologis announced that its Euro-denominated joint venture (:JV) – Prologis European Logistics Partners Sàrl ('PELP') – acquired 11 high-quality distribution facilities in United Kingdom. | not-forward | finance.yahoo.com | http://finance.yahoo.com/news/prologis-ups-borrowing-capacity-150007516.html |
Barrick Gold ( TSE:ABX ) ( NYSE:GOLD ) stock settled at $13.22 on Monday. Barrick was ranked as the biggest gold mining company in the world in 2017 and got even bigger in 2018: the US$18 billion mega-merger of Barrick Gold and Randgold Resources was one of the mining industry's biggest moments in 2018. On Monday, the company announced it had entered into a 50-50 strategic alliance with junior miner Reunion Gold ( CVE:RGD ) to explore and develop projects in South America. Shares of Reunion Gold jumped 11.8% on Monday at C$0.19. | forward | www.proactiveinvestors.co.uk | https://www.proactiveinvestors.co.uk/companies/news/213926/heavy-metals-proactives-weekly-commodities-report-213926.html |
With only 22% of Africans holding a bank account or credit facility, we fully expect the number of people to quadruple as mobile financial services offer the 'unbanked' a way to transact, pay bills and build assets." "We are excited to partner closely with Airtel Africa Group to design a unique offering to drive Africa's mobile money evolution," stated Mr. Jones. "The partnership will enable our teams to work together with banks, insurance and transport companies to expand access to mobile financial tools and services for Airtel Money customers." | forward | www.finextra.com | https://www.finextra.com/pressarticle/56440/verifone-inks-mobile-money-deal-with-airtel-africa |
Flexiti Financial's award-winning POS financing platform provides instant financing on any device, anywhere, and instant credit approval in three minutes. Flexiti Financial's unique technology, advanced algorithm and customer service allow retailers to offer customized payment plans at interest rates significantly below current credit options on the market, and confidently approve more people than a typical financial institution. | not-forward | www.newswire.ca | https://www.newswire.ca/news-releases/flexiti-financial-announces-closing-of-625m-convertible-unsecured-debentures-offering-637844883.html |
George Gero, precious metals strategist at RBC Capital Markets, agrees that a merger between Barrick and Newmont would be good for gold. But he says that's a function of Barrick's and Newmont's different hedging strategies. Gero points out that Barrick hedges its gold through fixed income sales contracts, while Newmont does not. But instead of hedging fully, some miners use options to partially hedge gold exposure, and all of this bearish options action (selling calls and buying puts) hurts gold prices, he said. | not-forward | www.cnbc.com | https://www.cnbc.com/2014/04/22/why-a-mega-miner-merger-could-make-gold-shine.html |
Based on the industry-leading 210mm rectangular silicon wafer technology and n- type i-TOPCon Advanced technology, with highest average efficiency of mass-produced cells at 25.8%, Vertex N 610W modules are highly compatible with trackers, with 13% more installation capacity for single-row tracker systems. The innovative and optimized module dimensions add scope to utility-scale or commercial and industrial solar applications and improve the utilization rate of a 40HC container to 98.5%, reducing logistics and BOS costs for customers. The Vertex N 610W module is 2382mm by 1134mm, the dimensions led by Trina Solar, agreed and adopted by the industry. As a pioneer in the PV industry, Trina Solar has led the push for standardization with its Golden Size design concept and products. | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/trina-solars-10gw-capacity-vertex-120000643.html |
Barry Callebaut Group has opened a Chocolate Academy in Johannesburg, South Africa. The facility will support chocolatiers and pastry chefs with training. Photo from Barry Callebaut. | not-forward | www.snackandbakery.com | https://www.snackandbakery.com/articles/104832-barry-callebaut-opens-chocolate-academy-in-south-africa |
On September 7, 2016, TEMI used approximately $22.9 million of the proceeds from the Term Loan to repay in full (including accrued interest) the Company's senior credit facility (the "Senior Credit Facility") with BNP Paribas (Suisse) SA ("BNP") and the International Finance Corporation, which was terminated upon repayment. In connection with the repayment of the Senior Credit Facility, on September 6, 2016, the Company unwound a portion of its oil hedges with BNP, receiving proceeds of $1.4 million. The Company is required to unwind its remaining hedges with BNP by September 14, 2016. | not-forward | www.econotimes.com | http://www.econotimes.com/TransAtlantic-Petroleum-Announces-Entry-into-New-Credit-Agreement-Term-Loan-and-Pledge-Fee-Agreements-and-Completion-of-Delvina-Gas-Joint-Venture-275035 |
In January 2022, the Company increased its existing credit facility with Silicon Valley Bank, providing access to up to $40.0 million in term loans of which the first $20.0 million was funded in 2022. The net impact of these financial measures positions the Company to drive value through key legal and regulatory events as it prepares to launch YUTREPIA pending final FDA approval. Full Year 2021 Financial Results Cash totaled $57.5 million as of December 31, 2021. There were 52.3 million shares outstanding as of December 31, 2021. Revenue was $12.9 million for the year ended December 31, 2021, compared with $0.7 million for the year ended December 31, 2020. 2021 includes a full year of revenue related to the Promotion Agreement following the acquisition of Liquidia PAH in November 2020. Revenue is net of $2.7 million in amortization of the contract acquisition costs associated with the Promotion Agreement with Sandoz. | forward | www.miscw.com | https://www.miscw.com/liquidia-corporation-reports-full-year-2021-financial-results-and-provides-corporate-update-53023.html |
Citing figures from Platts, the company said refining margins were lower versus a year ago in every region it has significant operations. Conoco said the utilization rate at its U.S. refineries was in the mid-90 percent range in the second quarter. That's a significant increase from about 80 percent in the first quarter, when many refiners slowed production because of growing gasoline stockpiles and lower prices. ConocoPhillips has a refinery in Ponca City. | not-forward | journalrecord.com | https://journalrecord.com/2009/07/conocophillips-says-production-up-in-second-quarter/ |
All outstanding borrowings on the Company's previous revolving credit facility that was set to expire in July 2025 will be assumed under the newly executed Revolver. "We are pleased to extend the Company's lending relationships with the recast of this revolving credit facility," said Allison Marino, Easterly's Chief Financial and Accounting Officer. "Through this execution, Easterly has extended the term of lender commitments and secured liquidity to ensure ample flexibility as we continue to pursue accretive capital deployment opportunities." Citibank, N.A., PNC Capital Markets LLC, Truist Securities and Wells Fargo Securities, LLC served as joint lead arrangers and joint bookrunners on the Revolver. Citibank, N.A. served as administrative agent, and PNC Bank, National Association, Truist Securities and Wells Fargo Bank, N.A. served as co-syndication agents. | not-forward | www.stocktitan.net | https://www.stocktitan.net/news/DEA/easterly-government-properties-announces-new-400-million-senior-q1xz26zb1gmf.html |
On 22 April, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced that it has reached an agreement to sell the 50% interest in the Donlin Gold Project in Alaska held by Barrick's subsidiary Barrick Gold U.S. Inc. to affiliates of Paulson Advisers LLC (Paulson) and NOVAGOLD Resources Inc. (NYSE American, TSX:NG) for USD1-billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with the Donlin Gold Project for USD90-million if purchased prior to closing, or for USD100-million if purchased within 18 months from closing, when the option expires. If that option is not exercised, the debt will remain outstanding, substantially in accordance with its existing terms. | forward | www.africanmining.co.za | https://www.africanmining.co.za/2025/04/25/sale-of-barricks-stake-in-donlin-gold-project-for-up-to-usd1-1-billion-announced |
We will also continue to evaluate opportunities to improve our balance sheet as we work to capture market share and improve cashflow going into 2025 as outlined in prior updates." Second Lien Note Offering The Second Lien Notes accrue interest at a rate of 15% per annum and are payable in kind, and are fully and unconditionally guaranteed on a senior secured second lien basis by certain of Inotiv's subsidiaries. As a part of this transaction, the investors also received warrants to purchase 3,946,250 shares of the Company's common stock. The warrants have an exercise price of $1.57 per share and are exercisable at any time until September 13, 2034. The Second Lien Notes will mature on February 4, 2027, unless earlier repurchased or redeemed. | forward | markets.businessinsider.com | https://markets.businessinsider.com/news/stocks/inotiv-inc-amends-its-credit-agreement-and-secures-additional-liquidity-1033773880 |
The facility is expected to be operational in 2024 and is Barry Callebaut's third chocolate plant in India, which will be the company's largest chocolate producing market in Region Asia Pacific upon the facility's completion. "As a global leader in the chocolate industry, India is a key market for Barry Callebaut in Region Asia Pacific. Our ambition in India is to become the market leader for high-quality chocolate and cocoa products," said Jo Thys, president of Barry Callebaut in Asia Pacific. | forward | www.bakingbusiness.com | https://www.bakingbusiness.com/articles/57907-barry-callebaut-to-open-chocolate-facility-in-india |
If Boeing exercises its buy option, it will acquire just under 1,100 acres. Boeing's current campus is owned by the aviation authority, which runs Charleston International Airport, and is leased by Boeing for $1 a year, he said. The aviation authority said it has been told Boeing will exercise its option to buy the land its current campus and plant sits on in 2025 when the incentives that the state gave to Boeing when it came to South Carolina run out. Boeing's $1-a-year lease on the property runs out in 2021, said Becky Beaman, aviation authority spokeswoman, but there is a four-year extension option built into the lease that Boeing will take. The value of the additional land, which is also owned by the aviation authority, is yet to be determined, Limehouse said. He said the land is probably worth about $18 million to $20 million. The price is "a good question," Limehouse said. "Some of it's very low and it's very expensive to fill. Most of it is wooded and a lot of it is low. | forward | www.brecorder.com | https://www.brecorder.com/news/4050715/boeing-signs-deal-to-buy-land-near-factory-in-south-carolina-201212301274338 |
KINGSEY FALLS, QC, July 7, 2015 /CNW Telbec/ - Cascades Inc. (TSX: CAS ), a leader in the recovery and manufacturing of green packaging and tissue paper products, announces that it has entered into an agreement with its banking syndicate led by National Bank of Canada and Scotiabank as co-lead arrangers and joint book runners to extend and amend certain conditions of its existing $750 million revolving credit facility. The amendment provides that the term of the facility will be extended to July 2019 and that the applicable pricing grid will be slightly lowered to better reflect market conditions. The other existing financial conditions will remain essentially unchanged. In commenting on this refinancing, Mr. Allan Hogg, Vice-President and Chief Financial Officer, stated: "We are pleased with the continued support from our banking syndicate. | forward | www.newswire.ca | https://www.newswire.ca/news-releases/cascades-extends-and-amends-its-revolving-credit-facility-518041361.html |
Innodata has also expanded its credit facility with Wells Fargo (NYSE: WFC ) from $10 million to $30 million, reflecting its strong financial position. The firm has filed a universal shelf registration with the SEC, indicating preparedness for future capital needs. | not-forward | uk.investing.com | https://uk.investing.com/news/company-news/innodata-stock-soars-to-alltime-high-of-2162-amid-robust-growth-93CH-3759760 |
Year-to-date, Vital Energy has executed $1.7 billion of acquisitions (including today's) which have utilized a combined total of approximately 50% equity and 50% debt. Concurrent with closing, Vital Energy's credit facility borrowing base and elected commitment will increase to $1.5 billion and $1.25 billion, respectively, from $1.3 billion and $1.0 billion, respectively. The Company will have access to the full $1.5 billion borrowing base through a committed $250 million term loan facility. Henry: Vital Energy agreed to purchase substantially all of Henry's Midland and Delaware basin assets in an all-equity transaction consisting of 3.72 million common shares and 4.54 million shares of perpetual mandatorily convertible preferred securities, net of customary closing price adjustments. Effective date of the acquisition will be August 1, 2023. | forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2023/09/13/2742905/0/en/Vital-Energy-to-Significantly-Increase-Permian-Basin-Scale-Through-Accretive-Transactions.html?f=22&fvtc=2&fvtv=1 |
Inspired PLC - Preston, Lancashire-based England-based energy advisory and sustainability services provider - Enters new £60.0 million revolving credit facility agreement with Santander UK PLC and Bank of Ireland PLC. It replaces an existing £60.0 million facility with the banks which was due to mature in October 2024. New facility has three-year term until October 2026 and there is an option in place to extend to October 2028. Loan also has £25.0 million accordion option. | forward | www.sharesmagazine.co.uk | https://www.sharesmagazine.co.uk/news/market/1699978998742231800/trading-updates-technology-minerals-beeks-financial-hail-deal-wins |
IRVING, Texas--(BUSINESS WIRE)--Aug. 16, 2006-- Healthaxis Inc. (NASDAQ: HAXS), an innovative provider of technology-enhanced, integrated business process solutions and services, including claims and benefit administration applications, web-enabled software solutions and outsourced claims related services for health benefit administrators and health insurance claims processors, today announced that it has selected SVB Silicon Valley Bank (SVB), the commercial banking unit of SVB Financial Group (NASDAQ:SIVB), for its primary banking relationship. This new banking relationship includes a $5 million working capital line of credit, a $750,000 equipment line of credit, and treasury management services. Based on the calculation of the borrowing base as of June 30, 2006, Healthaxis would have been eligible to draw up to approximately $2.1 million under the working capital line of credit if it had been in place on that date. | not-forward | www.chron.com | http://www.chron.com/news/article/bw-healthaxis-selects-svb-silicon-valley-bank-1637930.php |
This shift in rating underscores a broader change in Coinbase's fundamentals, with Altcoin prices now playing a more significant role. Meanwhile, Thumzup Media Corporation has formed a Bitcoin-backed credit facility with Coinbase Prime, further cementing Coinbase's position in cryptocurrency-related financial services. These recent developments collectively indicate an expanding role for Coinbase in mainstream financial markets. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. | not-forward | au.investing.com | https://au.investing.com/news/sec-filings/coinbase-reports-credible-cybersecurity-incident-93CH-3844422 |
SHANGRAO, China, Dec. 12, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has been honoured with the PV Magazine Publisher's Pick Award 2023 for its latest commercial and industrial energy storage system SunGiga. This prestigious recognition highlights JinkoSolar's exceptional contribution to the renewable industry. JinkoSolar's new SunGiga has an intelligent power conversion system and multiple liquid cooling control modes that lower consumption by 30% and, compared with a standard air-cooling system, SunGiga's space utilization rate is higher by 38%. The modular and pre-assembled design makes installation and maintenance as well as future capacity augmentation easier and faster. | not-forward | digiconasia.net | https://digiconasia.net/pr-newswire/jinkosolar-bess-sungiga-receives-pv-magazines-publishers-pick-award-2023 |
IRVINE, Calif.--( BUSINESS WIRE )--Sabra Health Care REIT, Inc. ("Sabra") (Nasdaq: SBRA) announced today that it has amended and restated its credit facility, improving its debt maturity profile while keeping capacity and pricing consistent with its prior credit facility. Summary: "We are pleased to renew our credit facility, which improves our debt maturity profile by pushing our nearest material maturity to August 2026, while holding pricing in line with our prior credit facility. We also appreciate and value the continued support of our bank group, especially considering the challenging backdrop for the credit market," said Rick Matros, Sabra's CEO and Chair. | not-forward | www.businesswire.com | https://www.businesswire.com/news/home/20230105005110/en/Sabra-Renews-and-Extends-its-Credit-Facility |
New York Branch; Oversea-Chinese Banking Corporation Limited, New York Agency; Standard Chartered Bank and UBS Switzerland AG. DBS Bank, Ltd., HSBC Bank USA, N.A and Wells Fargo Bank, N.A have joined as new participants. The Facility finances the physical merchant activities of Freepoint's global commodities businesses, which continue to demonstrate solid growth. "We've built strong, ongoing relationships with our existing lenders, and welcome the addition of three new participants, DBS Bank, HSBC Bank, and Wells Fargo Bank, to the Facility," said David A. Messer, Freepoint's CEO. "This year, the Facility was oversubscribed by 32%, reflecting our lenders' ongoing commitment to the sustained success of our business, which continues to grow and diversify. We're grateful for their support and look forward to continuing our partnerships with our financing banks." | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/freepoint-commodities-increases-revolving-credit-facility-to-usd-2-6-billion-allows-growth-to-usd-3-2-billion-300846814.html?tc=eml_cleartime |
The maturity of the USD4.58 billion Sberbank facility (the debt initially owed to VEB and refinanced by Sberbank) was agreed to be extended from December 2013 to August 2016. Simultaneously, the interest rate was agreed to be reduced to one-year LIBOR+4.5% and the VEB guarantee was terminated. Looking at the key consumer segments, automotive remains a key driver of aluminum demand growth. Despite the decline of vehicle production in the US in the second quarter of 2011, an 8% growth in North America is expected for the full year. Similarly, increasing car production in Europe is forecasted by UC RUSAL at 5% for 2011, with the highest growth expected in Germany (9.5%) and Turkey (10%), according to UC RUSAL internal projections. Heavy trucks and trailers applications are maintaining record growth rates in North America and Europe. UC RUSAL believes that demand from other consuming segments, including aviation, electronics and packaging remains strong. | forward | hongkongbusiness.hk | https://hongkongbusiness.hk/manufacturing/more-news/uc-rusal-profit-drops-205-1mn |
The issue proceeds will be used to cover the completion of the ongoing Phase II trial of RP101 (SEK 6 million), business development / licensing of RP101 and general operating costs (SEK 3 million), cash repayment of the bridge loan from Formue Nord (SEK 1.5 million) and for the evaluation of new application areas for the Company's so-called delivery substance IntelliGel (SEK 1 million). | forward | news.cision.com | https://news.cision.com/redwood-pharma/r/redwood-pharma-carries-out-a-rights-issue-with-the-aim-of-replacing-the-existing-credit-facility,c2888130 |
Additional joint lead arrangers include Citibank, N.A., Credit Agricole (OTC: CRARY ) Corporate and Investment Bank, and several others. Bank of America (NYSE: BAC ), N.A., Barclays (LON: BARC ) Bank PLC, and Goldman Sachs (NYSE: GS ) Bank USA are documentation agents. | not-forward | uk.investing.com | https://uk.investing.com/news/company-news/ha-sustainable-infrastructure-capital-expands-credit-facility-93CH-3692629 |
In the first new agreement, three exploration properties in the Ngayu gold belt previously held by Barrick outside of its JV with Loncor, have now been added to an existing Loncor/Barrick JV agreement. These three Barrick properties are located northwest of Loncor's 100%-owned Makapela project where indicated mineral resources of 614 200 oz and inferred resources of 549 600 oz have been outlined. Two significant targets have been delineated by Barrick at Mongaliema, which is 7 km northwest of Makapela, and Ntokayulu, which is 3 km northwest of Makapela. At Mongaliema, trenching and augering is continuing along a west-northwest trending shear zone with trench results including 37.3 m grading 1.48 g/t of gold. In the second new agreement, Loncor and Barrick have replaced the existing JV agreement relating to the Isiro properties to focus on the three most prospective Isiro properties. | not-forward | www.miningweekly.com | https://www.miningweekly.com/article/loncor-and-barrick-strengthen-drc-jv-relationship-2020-11-12 |
This is, however, subject to changes depending on the company's credit rating. Also, the fee on the credit facility got lowered by 5 bps to 30 bps per annum. Further, the unsecured revolving credit facility is extendable by an additional year and the borrowing amount can be increased up to $1.5 billion under certain situations. A consortium of 17 banking majors supported Senior Housing in the amended credit facility. Among these were Wells Fargo Bank, N.A. of Wells Fargo & Company ( WFC ) acting as the administrative agent, Citigroup N.A. of Citigroup Inc. ( C ) serving as the syndication agent and Bank of America, N.A. of Bank of America Corporation ( BAC ) as the documentation agent. Newton, Mass.-based Senior Housing has one of the most diversified portfolios in the healthcare sector with exposure to nearly all types of facilities. | not-forward | finance.yahoo.com | http://finance.yahoo.com/news/senior-housing-amends-credit-facility-210002386.html |
Turkey's leading industiral company, Tüpraş, announced the financial results for the third quarter of 2021. Tüpraş accelerates its sustainability investments in the first 9 months of 2021; the company made a total investment of 888 million TL, 55% of which was in this field. Tüpraş reached a capacity utilization rate of 96% in the third quarter of the year. | not-forward | lubricant-world.com | https://lubricant-world.com/en/tupras-made-888-million-tl-investment-and-20-million-tons-of-sales-in-9-months |
Strategic Initiatives Strategic Initiatives: In 2024, the company introduced MIMEDX Connect, an e-commerce and account management platform to streamline ordering and payment processes. It also entered into an exclusive agreement to commercialize HELIOGEN, a bovine-derived collagen matrix particulate for wound management, and published research on surgical applications of its placental-based allografts. Capital Management: The company improved its capital structure by entering into a new Credit Agreement with Citizens Bank, refinancing $50 million of senior secured term loans at lower interest rates, and securing additional borrowing capacity. It repaid $30 million of the initial drawing under the Revolving Credit Facility and had no borrowings outstanding as of December 31, 2024. The company also repurchased shares for tax withholdings upon vesting of employee awards and converted its Series B Preferred Stock into common stock. | not-forward | www.tradingview.com | https://www.tradingview.com/news/tradingview:0459ff14c182c:0-mimedx-group-inc-sec-10-k-report |
In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about Batu Kawan Berhad's payments, as there could be some issues with sustaining them into the future. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. We don't think Batu Kawan Berhad is a great stock to add to your portfolio if income is your focus. | forward | simplywall.st | https://simplywall.st/stocks/my/materials/klse-bkawan/batu-kawan-berhad-shares/news/batu-kawan-berhad-klsebkawan-has-affirmed-its-dividend-of-my |
TORONTO, Oct. 27, 2023 /CNW/ - Corus Entertainment Inc. (" Corus " or the " Company ") (TSX: CJR.B) announced today that it has completed an agreement to amend (the "Amendment") its Sixth Amended and Restated Credit Agreement with its bank group, led by RBC Capital Markets and TD Securities, dated March 18, 2022 as amended February 17, 2023 (the "Credit Facility"). Pursuant to the Amendment, the maximum Total Debt to Cash Flow Ratio required under the financial covenants is increased through and including August 31, 2024, mandatory quarterly repayments of the Term Facility are re-introduced, certain conditions related to the use of proceeds on asset disposals are changed and additional restrictions on Distributions are introduced. All terms are defined in the Credit Facility. | not-forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/CORUS-ENTERTAINMENT-INC-1409470/news/CORUS-ENTERTAINMENT-ANNOUNCES-AMENDMENT-OF-CREDIT-FACILITIES-45170651/ |
NEW ORLEANS, March 15, 2016 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW ) announced today that it has borrowed $600 million under its revolving credit facility, the maximum amount available under the facility. The funds are intended to be used for general corporate purposes and to enhance the company's liquidity position and financial flexibility. Jeff Platt, President and Chief Executive Officer of Tidewater, remarked "Like the entire energy services industry, Tidewater continues to face challenges arising from the decline in the level of offshore oil and gas drilling and development activity around the world. Moreover, the uncertainty surrounding the future direction in oil and gas prices has resulted in our clients' continued reduction in their capital budgets, spending and activity levels. Tidewater previously announced the suspension of its quarterly dividend and common stock repurchase program and the realignment of its operating structure. | not-forward | www.prnewswire.com | http://www.prnewswire.com/news-releases/tidewater-announces-credit-facility-borrowing-300236634.html |
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC are lead arrangers for the credit facility. | not-forward | www.aol.com | https://www.aol.com/2013/08/08/iron-mountain-incorporated-announces-debt-offering |
Crown Castle International Corp. last week confirmed it is selling its U.K. business, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion cash. "The price fully values the U.K. business plan," said Ben Moreland, Crown's chief financial officer. "We are now going to be at our targeted capital structure," an impressive stance for a company in the traditionally highly leveraged wireless tower industry. Indeed, the transaction makes Crown a "substantially different company from a risk profile perspective," added Kelly, saying that Crown will use $1.3 billion of the proceeds to fulfill its operating company's credit facility. Bond indentures require Crown to move the remaining $740 million in proceeds within 12 months. | forward | www.rcrwireless.com | https://www.rcrwireless.com/20040705/carriers/crown-sheds-u-k-assets |
NEW YORK, April 27, 2022 (GLOBE NEWSWIRE) -- StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility. This credit facility will continue to be used to finance working capital needs of StoneX Group Inc. and certain of its subsidiaries. | forward | au.news.yahoo.com | https://au.news.yahoo.com/stonex-group-inc-announces-three-201500363.html |
Lucid Group, Inc. (NASDAQ: LCID) ("Lucid"), setting new standards with the longest-range, fastest-charging electric car on the market, today announced entry into a Credit Agreement (the "Credit Agreement") on June 9, 2022. Bank of America, N.A. is the administrative agent and swingline lender on the transaction. Other lenders in the initial bank syndicate include Citigroup; Barclays Bank PLC; Goldman Sachs Bank USA ; JPMorgan Chase Bank N.A.; BNP Paribas; Royal Bank of Canada, Capital Markets; HSBC Bank USA, N.A.; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; and Wells Fargo Bank, N.A. This world-class syndicate of banks is providing a secured asset-based revolving credit facility with an initial committed amount of up to $1.0 billion (the "ABL Credit Facility"). | not-forward | greenstocknews.com | https://greenstocknews.com/news/nasdaq/lcid/lucid-announces-1-0b-revolving-credit-facility |
On February 25, 2016, BGC entered into an agreement with Bank of America, N.A., as administrative agent, and a syndicate of lenders, including Capital One, N.A.; Industrial and Commercial Bank of China Limited, New York Branch; U.S. Bank National Association; Associated Bank, National Association; BankUnited, N.A.; and Western Alliance Bank. The maturity date of the facility is February 25, 2018. | not-forward | www.leaprate.com | https://www.leaprate.com/news/bgc-partners-agrees-150m-loan-to-fuel-growth |
icici bank icici bank ICICI Bank PayLater discontinue PayLater service PayLater credit line on UPI ICICI Bank credit facility UPI payment options Auto Pay transactions PayLater facility FAQ icici bank news | not-forward | economictimes.indiatimes.com | https://economictimes.indiatimes.com/wealth/save/icici-bank-discontinues-its-paylater-credit-line-on-upi-for-all-customers-the-bank-answers-what-happens-with-customers/articleshow/121364185.cms |
VAUGHAN, Ontario & IRVINE, Calif. — Bausch + Lomb Corporation (NYSE/TSX: BLCO) ("Bausch + Lomb"), a leading global eye health company dedicated to helping people see better to live better, and AcuFocus, Inc. ("AcuFocus"), a privately held ophthalmic medical device company, today announced that an affiliate of Bausch + Lomb has acquired AcuFocus, pursuant to a merger transaction with the parent company of AcuFocus. | not-forward | financialpost.com | https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/bausch-lomb-acquires-acufocus-inc |
Barrick hikes dividend amid profit surge For Barrick Gold Corp., all that glitters is gold. The world's biggest gold producer said today its second-quarter profit surged 59 per cent and it boosted its dividend amid high gold prices. Barrick's profit jumped to $783-million (U.S.) or 79 cents a share from $492-million or 56 cents a year earlier, as revenue climbed to $2.6-billion from $1.97-billion. Barrick boosted its quarterly dividend by 20 per cent to 12 cents a share. Gold averaged almost $1,200 an ounce in the quarter, about 30 per cent higher than prices a year earlier. | not-forward | www.theglobeandmail.com | http://www.theglobeandmail.com/report-on-business/top-business-stories/europes-mood-brighter-but-dark-clouds-remain-over-us/article1387976 |
Strattec Security ( STRT - Free Report ) has emerged as a resilient micro-cap player with a strong financial footing, even amid industry-wide volatility. At the end of third-quarter fiscal 2025 (ended March 30, 2025), STRT reported its cash position at $62.1 million. Additionally, under its revolving credit facility, Strattec has roughly $47 million available. Thus, with a total liquidity cushion of more than $100 million, STRT has the wherewithal to sail through a volatile business environment. | not-forward | www.zacks.com | https://www.zacks.com/stock/news/2520393/strattec's-$62m-cash-pile:-a-micro-cap-with-big-financial-flexibility |
Step 8: Collateral and Loan Repayment Specify any assets you can offer as collateral for the loan. Additionally, detail your loan repayment plan, including the proposed terms and the ability of your business to generate enough cash flow to meet the repayment schedule. Conclusion: A well-structured business plan serves as a powerful tool in securing an MSME loan, as it showcases your business's potential for success and your ability to repay the borrowed amount. Remember to tailor your plan to the requirements of different lenders and stay transparent throughout the process. IndusInd Bank Current Account – Empowering Your MSME Growth At IndusInd Bank, we understand the importance of empowering small businesses and nurturing entrepreneurship. Our Current Account offers a range of features that cater specifically to the needs of MSMEs, including easy fund transfers, customized payment solutions, and access to a suite of digital banking services. | not-forward | www.indusind.bank.in | https://www.indusind.bank.in/iblogs/msme/business-plan-for-your-msme-loan-application" |
Alarm Financial Services Inc. (AFS) recently announced a four-year renewal of its senior secured credit facility with CIBC Bank USA. The amount was undisclosed. AFS provides funding programs from $150,000-$1,500,000 to small and medium-sized security, fire alarm and Personal Emergency Response System (PERS) companies. AFS began a business relationship with CIBC Bank USA in July 2017. After a four-year partnership, the bank has renewed the credit facility for another four years. "We are extremely happy to continue our relationship with CIBC," said Jim Wooster, president of AFS. "They have demonstrated their commitment to AFS by really getting to know our business over the years and designing a credit facility with terms and covenants that reflect what we need in a banking partner." The new terms of the renewal broaden the types of loan structures that AFS can now offer to alarm companies, which include true revolving lines of credit. | not-forward | www.sdmmag.com | https://www.sdmmag.com/articles/99754-alarm-financial-services-renews-credit-facility-with-cibc-bank-usa |
Through its subsidiaries, Rand Logistics operates a fleet of 16 dry-bulk vessels, including 12 self-unloading bulk carriers and tug/barge units, throughout the Great Lakes region. As the General Electric Company reported, they are one of the only carriers able to offer significant domestic port-to-port services in both Canada and the U.S. on the Great Lakes. | not-forward | finchannel.com | https://finchannel.com/ge-capital-is-lead-agent-for-a-173-million-u-s-and-canadian-cash-flow-credit-facility/33564/business-2/2012/10 |
On August 16, 2024, SLR Investment Corp. entered into Amendment No. 3 to its senior secured revolving credit agreement with Citibank, N.A., acting as administrative agent, the lenders party thereto, JPMorgan Chase Bank, N.A., as syndication agent, and Citibank, N.A., JPMorgan Chase Bank, N.A., and Sumitomo Mitsui Banking Corporation, as joint lead bookrunners and joint lead arrangers. In connection with this amendment, commitments under the Amended Credit Facility increased by $75 million to $763 million and a new lender was added. The Amended Credit Facility, among other things, extended the revolving period to August 16, 2028 and the final maturity date to August 16, 2029. The stated interest rate has also been amended to SOFR plus 1.75% to 1.875%, based on certain conditions related to the size of the borrowing base under the Amended Credit Facility. | not-forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/SLR-INVESTMENT-CORP-5949059/news/SLR-Investment-Corp-Enters-into-Amendment-No-3-to-its-Senior-Secured-Revolving-Credit-Agreement-47711341 |
We are excited about establishing a footprint in this world-class basin and beginning a strategic relationship with MarkWest. We look forward to working with MarkWest on this and future opportunities to expand this relationship and complement its industry leading position in the Marcellus and Utica." SMLP also announced today that its wholly-owned subsidiary, Summit Midstream Holdings, LLC, has exercised the $50 million accordion feature on its revolving credit facility to increase the capacity from $550 million to $600 million, effective June 4, 2013. The other terms of the revolving credit facility put in place on May 7, 2012 remain unchanged. The terms of the Bison drop down transaction were approved by the board of directors of SMLP's general partner and by the board's conflicts committee, which consists entirely of independent directors. | forward | www.prnewswire.com | http://www.prnewswire.com/news-releases/summit-midstream-partners-lp-announces-460-million-of-acquisitions-in-bakken-and-marcellus-shale-plays-and-revises-2013-adjusted-ebitda-and-distribution-guidance-210210381.html |
"This facility, together with our recent hybrid issuance, ensures we remain well-positioned to drive our strategic initiatives, capitalise on emerging opportunities, and create sustainable value for all our stakeholders." The syndication attracted orders from 15 prominent international and regional financial institutions, including a number of new financiers to Aldar's credit panel. Participating banks include Abu Dhabi Commercial Bank, Ajman Bank, Bank of China, Citi, Dubai Islamic Bank, Emirates Islamic Bank (P.J.S.C.), Emirates NBD Bank (P.J.S.C.), First Abu Dhabi Bank, HSBC, Intesa Sanpaolo, J.P. Morgan, Mashreq, National Bank of Kuwait, National Bank of Ras Al Khaimah, and Sharjah Islamic Bank. | forward | www.gulftoday.ae | https://www.gulftoday.ae/business/2025/01/13/aldar-raises-dhs9-billion-revolving-credit-facility |
When a deep commodity downturn started in 2011, Barrick Gold Corporation ( B -2.52% ) and most of its peers were still living in the glow of the upturn. As gold prices started falling, however, it became clear that Barrick couldn't support all its expansion plans and the weight of its hefty debt load. Since then, it has easily done more than its peers to fix its debt overhang. But investors need to be aware of more than just debt reduction when looking at Barrick. | not-forward | www.fool.com | https://www.fool.com/investing/2018/07/07/1-way-this-gold-miner-is-beating-its-peers.aspx |
DTT is a leader in digital surveillance and loss prevention solutions for hospitality and retail, and the increased funding will be used to sustain the company's continued rapid growth over the last few years. In August DTT opened a second office to accommodate a significant increase in staff. | forward | www.prweb.com | https://www.prweb.com/releases/dtt_secures_60_million_credit_facility/prweb11281127.htm |
(Alliance News) - Taylor Maritime Investments Ltd on Wednesday said it agreed to replace its existing revolving credit facility and acquisition facility with a new RCF with Nordea Bank Abp, Filial i Norge and Skandinaviska Enskilda Banken AB. | not-forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/GRINDROD-LIMITED-3743309/news/Taylor-Maritime-updates-existing-credit-and-acquisition-facilities-44929833 |
Co-ordinators and Bookrunners were Commerzbank AG and Royal Bank of Scotland, who were joined by the following institutions: | not-forward | www.investcorp.com | https://www.investcorp.com/us400mln-revolving-credit-facility-signed |
HOUSTON--( BUSINESS WIRE )-- Helix Energy Solutions Group, Inc. ( NYS: HLX ) announced today that it has entered into a credit agreement with a syndicated bank lending group in the amount of $900 million, consisting of a $600 million revolving credit facility and a $300 million term loan. The term loan will be funded in conjunction with the early redemption of the Company's remaining $275 million Senior Unsecured Notes. The new facility replaces the Company's existing credit facility that would have expired in July 2015. | not-forward | www.aol.com | https://www.aol.com/2013/06/19/helix-announces-new-900-million-credit-facility-an |
The credit facility is intended to be utilised for general corporate purposes and for acquisitions. The new credit facility now includes a sustainability link, which means that Sweco's annual interest expense is linked to the annual outcome of the key performance indicators (KPIs) for the company's climate impact and workforce environment. The KPIs are linked to Sweco's GHG emission reductions targets, which have been validated and approved by the Science Based Targets initiative (SBTi), as well as to the commitment to increase gender equality among employees. | forward | www.swecogroup.com | https://www.swecogroup.com/corporate-news/sweco-converts-the-refinanced-eur-400-million-revolving-credit-facility-to-a-sustainability-linked-loan |
TechnipFMC plc ( FTI - Free Report ) recently strengthened its balance sheet by amending its total unsecured credit facility of worth $2.5 billion. The company also signed an Amendment and Restatement Agreement to its €500 million senior unsecured revolving Euro credit facility agreement. These amendments authorise the company to include $3.2 billion of goodwill for the calculation of consolidated net value. The amendments to its credit facilities will enhance financial flexibility substantially to tide over these difficult times. | not-forward | www.zacks.com | https://www.zacks.com/stock/news/987393/technipfmc-amends-25b-credit-facility-eur-500m-facility/?art_rec=blog-analyst_blog-up_next-ID01-img-987393 |
LendingClub is a peer-to-peer—or marketplace—lender founded in 2007. As the largest online lending platform for personal loans, LendingClub has worked with over 3 million customers and funded more than $55 billion in loans. It's also one of the most geographically widespread options, with lending capabilities in every state except Iowa and the U.S. territories. While LendingClub imposes high APRs and no autopay discount, applicants can choose to borrow between $1,000 to $40,000. This is a higher maximum loan cap than some other lenders. That said, LendingClub's loan terms are limited to two to five years, which is less flexible than other lenders on our list. Borrowers also are charged an origination fee between 3% to 8% of the total loan amount, which is taken from the loan proceeds at funding. LendingClub also makes debt consolidation easier by offering a balance transfer loan. With this type of loan, LendingClub offers direct payment to third-party lenders, including over 1,700 creditors. | not-forward | www.forbes.com | http://www.forbes.com/advisor/personal-loans/best-emergency-loans |
The allowance for credit losses for loans, comprised of our allowance for loan losses and unfunded credit commitments, as a percentage of total loans was 1.13 percent at June 30, 2022 as compared to 1.07 percent and 1.09 percent at March 31, 2022 and June 30, 2021, respectively. The allowance for credit losses increased $111.7 million at June 30, 2022 as compared to March 31, 2022 due, in large part, to a $70.3 million net allowance for credit losses for loans recorded for PCD loans acquired from Bank Leumi USA at the April 1, 2022 acquisition date and $41.0 million included in our second quarter 2022 provision related to non-PCD loans and unfunded credit commitments acquired from Bank Leumi USA. Capital Adequacy Valley's total risk-based capital, common equity Tier 1 capital, Tier 1 capital and Tier 1 leverage capital ratios were 11.53 percent, 9.06 percent, 9.54 percent, and 8.33 percent, respectively, at June 30, 2022. | not-forward | www.globenewswire.com | https://www.globenewswire.com/en/news-release/2022/07/28/2487683/0/en/Valley-National-Bancorp-Reports-Second-Quarter-2022-Earnings-With-Strong-Organic-Loan-Growth-Net-Interest-Income-and-Margin.html |
All receivables were originated and are serviced by zipMoney Payments Pty Ltd (Zip, unrated, a wholly owned subsidiary of Zip Co Limited).Zip is an Australian non-bank fintech that was founded in 2013 as a buy-now-pay-later retail credit platform. Zip provides customers with a revolving line of credit to finance their retail purchase at a large variety of merchant partners.Series 2021-1 is the fourth issuance out of the Zip Master Trust. As is usual in master trust structures, Zip may designate additional accounts for assignment to the master trust. Series 2021-1 has an expected maturity date in April 2024. Principal collections will be retained and used to purchase substitution receivables for at least the first 24 months, and potentially up to 36 months, provided a "controlled accumulation period" or "rapid amortization" has not started. | forward | finance.yahoo.com | https://finance.yahoo.com/news/zip-master-trust-series-2021-034206491.html |
Indeed, in conversation with Shares just last week, UKCM manager Will Fulton proudly highlighted the fact the company had sold almost £100 million of assets last year at a blended yield of 3.8% and repaid a similar amount of its RECF (revolving credit facility) costing 7.2%, significantly reducing its gearing and financial costs. | not-forward | www.sharesmagazine.co.uk | https://www.sharesmagazine.co.uk/news/shares/tritax-big-box-could-join-the-big-league-with-proposed-ukcm-takeover |
Addressing shareholders, Paramount's co-CEOs put forth a restructuring plan that includes $500 million in annualized cost cuts, potential asset sales and a possible joint venture or other partnerships for its Paramount+ streaming service. The new Paramount triumvirate - CBS President and CEO George Cheeks; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios; and Paramount Pictures President and CEO Brian Robbins - have led the company since the exit of former boss Bob Bakish in April, who left amid growing tensions with Shari Redstone, Paramount's controlling shareholder. Paramount said it rescheduled Wednesday's planned employee town hall for June 25, citing ongoing speculation about a potential deal. | forward | www.aol.com | https://www.aol.com/paramount-globals-co-ceos-lay-101206058.html |
P.F. Chang's China Bistro Inc. said Thursday it had agreed to acquire a majority interest in the four-unit True Food Kitchen concept, converting its 2009 $10 million credit facility into equity. | not-forward | www.thedailymeal.com | http://www.thedailymeal.com/pf-changs-acquire-majority-stake-true-food-kitchen |
Mack-Cali Realty Corporation is a fully integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack- Cali owns or has interests in 272 properties, consisting of 263 office and office/flex properties totaling approximately 30.5 million square feet and nine multi-family rental properties containing over 3,300 residential units, all located in the Northeast. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of commercial and residential tenants. | not-forward | www.prnewswire.com | http://www.prnewswire.com/news-releases/mack-cali-refinances-unsecured-revolving-credit-facility-215692171.html |
The RCF will be available for three years, plus two one-year extension periods at the discretion of the lenders. The facility is available to Aer Lingus, British Airways and Iberia, each of which has a separate borrower limit within the overall facility. The debt is also being secured against eligible unencumbered aircraft assets, IAG said. After securing the new RCF, the group's total facilities have increased by nearly €400m. IAG said it continues to have "strong" liquidity, with an estimated total of €10.3bn as of the end of March. The company also said on Tuesday that British Airways has cancelled its US dollar facility that was due to expire in June, which had $786m undrawn and available at the end of December 2020. | not-forward | www.sharecast.com | https://www.sharecast.com/news/news-and-announcements/iag-secures-176bn-credit-facility-against-gatwick-heathrow-landing-rights--7850026.html |
260 LAKEWOOD, COLO. — San Francisco-based Newmark has arranged $43.4 million in financing for Lakewood City Commons, a shopping center located at 7740 W. Alameda Ave. in Lakewood. Mark Ritchie and Jasmine Polson of Newmark arranged the financing for the undisclosed borrower. The 15-year loan, which features a 30-year amortization schedule, was funded through a correspondent life insurance company. Newmark will service the loan. The borrower plans to use the long-term financing to pay off an existing CMBS loan, cover transaction costs and recoup a portion of its equity. At the time of financing, the 285,000-square-foot property was 95 percent occupied. Tenants include Ross Dress for Less, Old Navy, Michaels and King Soopers, a supermarket brand of Kroger. | not-forward | rebusinessonline.com | https://rebusinessonline.com/newmark-arranges-43-4m-in-financing-for-285000-sf-shopping-center-in-colorado |
In other recent news, GameStop Corp. has made significant strides in its financial strategy. The company successfully completed an equity offering program, selling 20 million shares and raising approximately $400 million, which it plans to allocate for general corporate purposes, potentially including acquisitions and investments. This move is part of GameStop's broader strategy to bolster its financial position. However, the company's Q2 revenue of $798.3 million fell short of analysts' forecast of $895.7 million, indicating a shift towards online shopping among consumers. As a strategic financial move, GameStop has also terminated its $250 million asset-based revolving credit facility, signaling a shift towards relying on internal liquidity. | not-forward | uk.investing.com | https://uk.investing.com/news/company-news/gamestop-partners-with-collectors-for-card-services-93CH-3736017 |
Sabre-connected agencies and developer partners can now shop, book and service Finnair's NDC content by using the Sabre Offer and Order APIs, Sabre Red 360 and GetThere. Finnair is the first European airline to distribute its NDC content through the Sabre marketplace. To date, thousands of agencies are shopping, booking and servicing NDC content through the Sabre GDS in more than 130 countries. Embraer closes US$200 million credit facility in the US: Embraer has closed a US$200 million credit facility to finance purchases from direct suppliers in the United States. This financing is being provided by Citibank and guaranteed by the Export-Import Bank of the United States (EXIM), the country's official export credit agency. This credit facility with EXIM and Citibank will support Embraer's efforts to diversify its credit operations in the aviation market worldwide, providing the company with additional financing options and improving its loan profile. | not-forward | asianaviation.com | https://asianaviation.com/aav-news-in-brief-14-march-2023 |
"This transaction represents an evolution of how we finance our working capital needs and replaces our current working capital facility which matures next March. The innovative structure best addresses the working capital needs of our rapidly-growing business while also providing critical funding for the purchase of safe harbor equipment at attractive borrowing rates" said Vivint Solar's Chief Commercial Officer and Head of Capital Markets, Thomas Plagemann. "We believe this facility, in addition to the other safe harbor strategies announced previously, will enable the company to preserve the 30% ITC well into 2021." The lenders include affiliates of Bank of America Securities (NYSE: BAC ) and Credit Suisse (NYSE: CS ). Vivint Solar operates in 22 states and has raised more than $4.9 billion in cash equity, tax equity, and debt since its inception in 2011. | forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/vivint-solar-enters-into-new-credit-facility-300977243.html |
PALO ALTO, Calif., Nov. 18, 2021 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. BBIO (BridgeBio or the Company), a commercial-stage biopharmaceutical company focused on genetic diseases and cancers, today announced that it has executed a definitive credit facility agreement with a syndicate of lenders for up to $750.0 million in financing. | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/21/11/g24166192/bridgebio-pharma-inc-secures-up-to-750-million-in-non-dilutive-debt-financing |
EDMONTON, AB, July 17, 2020 /CNW/ - Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX: BRY ), a North American oilfield chemical distribution and blending company, is pleased to announce the closing of a $6.25 million term loan (the "BCAP Loan") with Canadian Imperial Bank of Commerce ("CIBC") under the Canadian Government Business Credit Availability Program ("BCAP") and that we have reached an agreement with CIBC to extend the term of our Asset Based Lending Facility ("ABL Facility") to October 31, 2021. The Company and Greypoint Capital Inc. ("Greypoint") have also agreed to certain amendments and additional terms to the Company's current subordinated term loan with Greypoint in the aggregate principal amount of $7,866,667 ("Sub Debt Loan"). | not-forward | www.newswire.ca | https://www.newswire.ca/news-releases/bri-chem-announces-closing-of-6-25m-bcap-term-loan-and-extension-of-senior-credit-facility-889441300.html |
Sarepta Therapeutics, Inc. (NASDAQ:SRPT), a Cambridge, MA-based precision genetic medicine for rare diseases company, raised $600M in senior secured revolving facility with a bank syndicate. | not-forward | www.finsmes.com | https://www.finsmes.com/2025/02/sarepta-therapeutics-closes-600m-in-senior-secured-revolving-credit-facility.html |
Credit rating agency Moody's affirmed CAA's credit rating Wednesday in a statement, detailing plans for the $1.15-billion loan and a $125 million revolving credit facility. The rating agency noted that leverage would be high following the proposed loan but said CAA is expected to benefit from positive industry conditions driven by strong demand for content over the next two years. | forward | www.latimes.com | https://www.latimes.com/entertainment-arts/story/2019-11-13/caa-looks-for-1-15-billion-to-fund-top-agentss-stake-buyback |
Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), a leading provider of high-performance computing (HPC) solutions, can announce the extension of a customer contract of a volume of ASIC chips worth USD 100 million. The existing customer, from the bitcoin mining sector, is making use of an extension option, which it drew at the end of the year. The USD 100 million order volume of ASIC chips corresponds to an additional capacity of more than 200 MW, which will be allocated to Northern Data's up-to-five new Scandinavian and Canadian data center locations, among others. The expansion of these new HPC data centers is being accelerated due to the massive growth in customer demand. | forward | apnews.com | https://apnews.com/press-release/business-wire/technology-business-europe-corporate-news-products-and-services-90cfdcaeedfa4f39b4f89e1bd5e989db |
Now on to gross profit margin. We believe URBN's gross margin rate for the second quarter could decline by approximately 75 basis points compared to the prior year second quarter. While we believe we can continue to see improved initial product margins at Anthropologie and Free People, those improvements are unable to offset the continued weakness at the Urban Outfitters brand. The reduction in gross profit margin at the Urban Outfitters brand could be primarily due to depressed product margins and occupancy deleverage because of negative sales performance. | forward | au.investing.com | https://au.investing.com/news/stock-market-news/earnings-call-urban-outfitters-reports-record-revenues-in-q1-fiscal-2025-93CH-3267755 |
Total Limited Brand sales for the five weeks ended January 5, 2008 were $1.744 billion compared to sales of $2.027 billion for the five weeks ended December 30, 2006. Limited Brands comps on a calendar basis were down 8% below expectations. Both Victoria's Secret and Bath & Body Works were challenged by negative traffic levels. December merchandise margin rates were down significantly to last year. | not-forward | seekingalpha.com | http://seekingalpha.com/article/59729-limited-brands-december-2007-sales-results-call-transcript?find=sale&source=word_cloud |
JPMorgan Chase Bank, N.A. serves as Administrative Agent and J.P. Morgan Securities LLC serves as Sustainability Structuring Agent. Bank of America, N.A., PNC Bank, National Association, U.S. Bank National Association and Wells Fargo Bank, N.A. serve as Co-Syndication Agents. The Bank of East Asia, Limited, New York Branch, BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities, Inc., Goldman Sachs Bank USA, M&T Bank, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., Societe Generale, and TD Securities (USA) LLC., serve as joint lead arrangers. Vornado Realty Trust is a fully-integrated equity real estate investment trust. | not-forward | 1reason.com | https://1reason.com/real-estate-news/vornado-completes-3-2-billion-of-refinancings |
At June 30, 2020, NuVista had drawn $429 million on its credit facility. Additionally, NuVista has $220 million in senior unsecured notes that mature March 2, 2023, providing financial flexibility and certainty with a competitive fixed coupon and remaining 3 year term. NuVista's debt to adjusted funds flow ratio (trailing 12 months) was 3.2x at the end of the second quarter. This is temporarily above our target of 1.5x, hence the focus upon significant debt reduction via free adjusted funds flow. | forward | finance.yahoo.com | https://finance.yahoo.com/news/nuvista-energy-ltd-provides-second-011400092.html |
"We have selected the CRJ aircraft for our restructuring plan based on the strength and reliability of their performance with our Delta Connection carriers over the years."Delta Connection carriers currently fly 466 CRJ Series aircraft − 286 CRJ200, 79 CRJ700 and 101 CRJ900 jetliners − making it the world's largest CRJ aircraft fleet. The CRJ900 airliners in the Delta Connection fleet include 57 flown by Pinnacle Airlines, 16 by ExpressJet Airlines and 28 by SkyWest Airlines."Building on a relationship that is 20 years strong, we are delighted that Delta – one of the world's largest, most prestigious global airlines – continues to select Bombardier CRJ regional jets to replenish its fleet," said Mike Arcamone, President, Bombardier Commercial Aircraft. "CRJ aircraft have been in service with Delta Connection carriers since 1993 when Comair became the first North American airline to operate the CRJ100 regional jet. | not-forward | www.canadianmetalworking.com | https://www.canadianmetalworking.com/canadianmetalworking/news/metalworking/delta-air-lines-orders-up-to-70-bombardier-crj900-nextgen-jetliners |
Further solidifying its market position, INTRALOT's US subsidiary, INTRALOT, Inc., has also secured key contract extensions and new awards. This includes a 10-year contract extension with the Idaho Lottery, effective in September 2027, and a new contract with the Montana Lottery, extending a partnership that has lasted for nearly two decades. The Montana contract is for seven years with three one-year extension options and will involve providing a new lottery operating system and continued support for the Sports Bet Montana product. Additionally, the VLT monitoring project was successfully launched in Nebraska on July 15, 2025. | forward | igamingexpress.com | https://igamingexpress.com/intralot-reports-steady-h1-2025-results-and-ballys-deal |
The ability to bring meaningful CUDA-based training into the desktop is an important advantage that NVIDIA has over Intel and others. The NVIDIA DGX Station is certainly something cool to behold. On the other hand, $69,000 is a lot of money. A current favorite is a 10x GTX 1080 Ti configuration we highlighted in our DeepLearning11 build costs under $30,000 including a year of operating costs. We are seeing more companies involved with deep learning / AI opt for data center clusters that can be shared and run at a higher utilization rate. The flip side is that a 10x NVIDIA GTX 1080 Ti system carries nowhere near the panache of a DGX Station to employers seeking to retain the best talent. DeepLearning11 Cost By Component And Vendor Area Chart With Colocation | not-forward | www.servethehome.com | https://www.servethehome.com/nvidia-dgx-station-upgraded-tesla-v100 |
- This is an important back-up facility for Vattenfall that ensures that we have financial flexibility. The link to our CO 2 e emissions intensity shows that sustainability is integrated throughout our organisation, including funding activities. We now look forward to a good cooperation with our core banking group says Johan Gyllenhoff, Head of Finance and Group Treasurer. | forward | group.vattenfall.com | https://group.vattenfall.com/press-and-media/pressreleases/2020/vattenfall-signs-eur-2-billion-revolving-credit-facility-with-link-to-sustainability-performance |
NORTH ANDOVER, Mass.--( BUSINESS WIRE )--Watts Water Technologies, Inc., (NYSE: WTS) ("Watts") – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced that it has entered into a definitive agreement to acquire Bradley Corporation ("Bradley") for $303 million, subject to customary adjustments. The net transaction value is approximately $268 million after adjusting for the estimated net present value of expected tax benefits of approximately $35 million. The transaction will be funded through cash on hand and the remainder from Watts' existing revolving credit facility. The transaction is subject to customary closing conditions and necessary regulatory approvals and is expected to close in the fourth quarter of 2023. | forward | www.businesswire.com | https://www.businesswire.com/news/home/20230830256856/en/Watts-Water-Technologies-Inc.-to-Acquire-Bradley-Corporation |
MONTREAL — July 29, 2016 — Transcontinental Inc. announced it is selling most of its commercial printing line of business operated from its Transcontinental Dartmouth plant to Advocate Printing and Publishing, an independent printer and publisher in Atlantic Canada. This decision will result in the closure of the Transcontinental Dartmouth plant located at 140 Joseph Zatzman Drive in Dartmouth, Nova Scotia, by mid-August 2016. TC Transcontinental will continue to serve its customers in Atlantic Canada for retail flyers, newspapers and some specific commercial products through its printing network which includes Transcontinental Halifax, Transcontinental Prince Edward Island and Transcontinental St. John's. "In line with our market leadership objectives, we are continually reviewing our printing facilities and activities in order to maximize the utilization rate of our equipment," says Jacques Grégoire, president of TC Transcontinental Printing. | forward | www.piworld.com | https://www.piworld.com/article/transcontinental-divests-assets-dartmouth-nova-scotia-resulting-55-layoffs |
Also in Norway, Transocean won more work for its harsh-environment semi-subs Transocean Spitsbergen and Transocean Norge. For Transocean Spitsbergen, Equinor exercised two one-well extension options, which will keep the 2010-built drilling unit busy until September 2022. The extensions, at a dayrate of $290,000, take effect from June 2022. The Transocean Norge, which had until recently also worked for Equinor in Norway at a $297,000 dayrate, now has a new client - ConocoPhillips. The Norwegian subsidiary of the U.S. oil firm will take the 2019-built harsh environment drilling rig for four firm wells in Norway. It will have five one-well extension options. The contract, at a dayrate of $280,000, starts in March 2022. Gulf of Mexico and Brazil In the U.S. Gulf of Mexico, Transocean announced new contracts, for 10 wells in total, for Discoverer Inspiration and Deepwater Invictus drillships. | forward | www.marinelink.com | http://www.marinelink.com/news/transocean-sees-multiple-offshore-rig-489375 |
According to Huang, Taiwan is still the most competitive region in the semiconductor industry. Regarding the outlook for 2024, Huang mentioned that the market conditions would improve in the second half of 2024. In the face of competition from China, PSMC has begun to reduce orders for sensors and driver ICs, with the revenue portion estimated to decrease from 30% to 15%. Due to strong demands, the revenue portion of PMICs will increase. In the meantime, as memory demand is recovering, PSMC's customers are increasing their orders, leading to a significant increase in utilization rates, which may help the company turn a profit. | forward | www.digitimes.com | https://www.digitimes.com/news/a20240305PD200/tata-group-india-fab-psmc-2024.html |
Bayer CropScience currently manufactures the next-generation herbicide at production facilities in Frankfurt, Germany, and Muskegon, Mich., but projected demand is expected to quickly outpace the existing production capacity. | forward | www.al.com | https://www.al.com/live/2013/05/officials_to_vote_on_up_to_800.html |
Saving jobs played a role in the 2019 decision to award Sears Holdings Corp to Eddie Lampert, who promised to keep it running. The treatment of workers in the 2018 liquidation of Toys "R" Us dented the reputations of some lenders and private equity firms involved in the case. | not-forward | www.wealthmanagement.com | https://www.wealthmanagement.com/retail/jc-penney-lender-group-seeks-higher-bids-potential-buyers |
J.P. Morgan Chase Bank, N.A., BofA Securities, Inc. and Truist Securities, Inc. served as Joint Lead Arrangers and Joint Bookrunners. Bank of America, N.A. serves as Administrative Agent and J.P. Morgan Chase Bank, N.A. serves as Syndication Agent. Truist Bank, PNC Bank, National Association, Morgan Stanley Senior Funding, Inc., U.S. Bank National Association, Wells Fargo Bank, National Association, and TD Bank, National Association serve as Documentation Agents. First Horizon Bank serves as a participant lender. | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/cousins-properties-closes-1-billion-unsecured-revolving-credit-facility-301537642.html |
The proceeds from the sale of P-Caps have been invested in U.S. Treasury securities. In conjunction with this, MetLife has entered into a facility agreement with the Trust and The Bank of New York Mellon (NYSE: BK ) Trust Company, N.A., which allows MetLife the right to issue its 5.740% Senior Notes due 2055 to the Trust at its discretion. With a healthy current ratio of 1.54, MetLife maintains strong liquidity to support its financial obligations. | not-forward | au.investing.com | https://au.investing.com/news/sec-filings/metlife-secures-125-billion-in-private-placements-93CH-3711795 |
App Science™ ("App Science"), a Sabio Holdings Inc. (TSXV: SBIO; OTCQX: SABOF) company, today announced it has entered into a multi-year contract... | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/sabio-announces-closing-of-a-new-us10-million-credit-facility-302211640.html |
These rates are subject to downward adjustment in the event that the Company achieves a certain level of EBITDA and based on the amount of the Company's average daily excess availability. As a SOFR loan, the term loan under the amended credit agreement will bear interest at SOFR plus 2.75% per annum. Additional information about the fifth amendment to the Company's credit agreement is contained in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2023. About The Children's Place The Children's Place is the largest pure-play children's specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary "The Children's Place", "Place", "Baby Place", "Gymboree", "Sugar & Jade" and "PJ Place" brand names. | not-forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2023/06/05/2682389/0/en/The-Children-s-Place-Announces-the-Expansion-of-Its-Revolving-Credit-Facility-From-350-Million-to-445-Million.html?f=22&fvtc=2&fvtv=1 |
The announcement also noted that the joint Bookrunners on the bond issue inclde Barclays, HSBC, Lloyds and NatWest. They also provided the new revolving credit facility. Rothschild & Co. advised the group on this. | not-forward | www.leaprate.com | https://www.leaprate.com/forex/brokers/ig-group-completes-comprehensive-debt-refinancing |
"We continue to execute on our strategy of increasing the flexibility of our strong balance sheet and add to our diversified sources of liquidity, building on our successful inaugural offering of unsecured notes in October 2020 ," said David B. Golub, Chief Executive Officer of GBDC. "We believe the pricing and terms of this new credit facility are attractive. We appreciate the continued support of our lending partners, and we are pleased to welcome several new lenders to the syndicate." | not-forward | www.prnewswire.com | https://www.prnewswire.com/news-releases/golub-capital-bdc-inc-announces-new-475-0-million-senior-secured-revolving-credit-facility-301227479.html |
Vulcan draws on naturally occurring, renewable geothermal energy to power the lithium extraction process, and the process also creates a renewable energy by-product. This extraction method also uses significantly less water than traditional extraction methods and has a small footprint, according to the company. Vulcan has signed lithium offtake deals with Netherlands-based Stellantis (NYSE: STLA ), Renault (EPA: RNO ) and Volkswagen (OTC Pink: VLKAF ,FWB:VOW). Starting in 2026, Vulcan is set to deliver between 26,000 and 32,000 metric tons (MT) of battery-grade lithium chemicals for an initial six-year term to Renault, and between 34,000 and 42,000 MT of battery grade lithium hydroxide over a five-year term to Volkswagen. Aside from signing supply deals with automakers, Vulcan has inked agreements with battery materials maker Umicore (EBR: UMI ) and South Korea's LG Energy Solutions. | forward | investingnews.com | https://investingnews.com/pursuit-secures-funding-for-1-million-of-convertible-loan-notes |
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