Atlanta Braves (BATRK) - 2025 Q2 - Quarterly Results
2025-08-07 12:00
Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS Atlanta, Georgia, August 7, 2025 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its second quarter ended June 30, 2025. Highlights include: Discussion of Results | | Three months ended | | | | | Six months ended | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | June 30, | | | | | June 30, | | | | | | 2025 | 2024 | % Change | | 2025 | 2024 | % Change | | | | amounts in ...
Burford Capital(BUR) - 2025 Q2 - Quarterly Results
2025-08-07 12:00
Burford Burford Capital Second Quarter 2025 Financial Results August 7, 2025 This presentation is for the use of Burford's public shareholders and is not an offering of any Burford private fund. Notice & disclaimer This presentation (this "Presentation") provides certain information to facilitate review and understanding of the business, financial condition and results of operations of Burford Capital Limited (together with its subsidiaries, the "Company", "Burford", " we", " our" or " us") as of and for th ...
PepGen(PEPG) - 2025 Q2 - Quarterly Report
2025-08-07 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 321 Harrison Ave. 8th Floor Boston, Massachusetts 02118 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (781) 797-0979 Securities regist ...
Viatris(VTRS) - 2025 Q2 - Quarterly Results
2025-08-07 11:58
Viatris Reports Second Quarter 2025 Results and Reiterates 2025 Financial Guidance PITTSBURGH – August 7, 2025 – Viatris Inc. (Nasdaq: VTRS) today reported strong second quarter 2025 financial results and reiterated its 2025 financial guidance ranges across all metrics. Executive Commentary "We delivered a strong second quarter and continued to make meaningful progress against our key 2025 strategic priorities," said Scott A. Smith, CEO, Viatris. "We believe our results reflect the strength and resilience o ...
MAXIMUS(MMS) - 2025 Q3 - Quarterly Results
2025-08-07 11:58
FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR Jessica Batt, VP - IR Date: August 7, 2025 IR@maximus.com Maximus Reports Fiscal Year 2025 Third Quarter Results Third Consecutive Raise to FY25 Guidance Caswell added, "Over the 50 years that Maximus has served as a trusted and impartial delivery partner for government, we've consistently demonstrated adaptability as legislation and regulatory changes lead to new program imperatives and advanced technologies like AI reshape citizen services." Third Quar ...
Kelly Services(KELYA) - 2026 Q2 - Quarterly Results
2025-08-07 11:57
Exhibit 99.1 Kelly Reports Second-Quarter 2025 Earnings TROY, Mich. (August 7, 2025) – Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2025. "In the second quarter, Kelly continued to drive growth in more resilient markets, including K-12 staffing in our Education business, telecom and engineering solutions in SET, and payroll process outsourcing in ETM. Across the business, particularly in areas where customers are taking a more ...
Kelly Services(KELYB) - 2026 Q2 - Quarterly Results
2025-08-07 11:57
Exhibit 99.1 Kelly Reports Second-Quarter 2025 Earnings TROY, Mich. (August 7, 2025) – Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2025. "In the second quarter, Kelly continued to drive growth in more resilient markets, including K-12 staffing in our Education business, telecom and engineering solutions in SET, and payroll process outsourcing in ETM. Across the business, particularly in areas where customers are taking a more ...
Star (STHO) - 2025 Q2 - Quarterly Report
2025-08-07 11:55
Table of Contents | UNITED STATES | | | | | | --- | --- | --- | --- | --- | | SECURITIES AND EXCHANGE COMMISSION | | | | | | Washington, D.C. 20549 _______________________________________________________________________________ | | | | | | 10-Q | | FORM | | | | | (Mark One) | | | | | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ☒ | | | | | For the quarterly period ended | | | | | | June 30, 2025 | | | | | | OR | | | | | | TRANSITION REPORT PURSUANT TO SECTION 13 ...
iRobot(IRBT) - 2025 Q2 - Quarterly Results
2025-08-07 11:55
[Amendment No. 4 to Credit Agreement](index=1&type=section&id=Amendment%20No.%204%20to%20Credit%20Agreement) [Introduction and Effectiveness](index=1&type=section&id=Introduction%20and%20Effectiveness) This fourth amendment to the July 24, 2023 Credit Agreement is enacted at the Borrower's request and is effective upon meeting specific conditions - This is the **fourth amendment** to the Credit Agreement dated July 24, 2023, entered into by iRobot Corporation as the Borrower and TCG Senior Funding L.L.C. as the Agent[2](index=2&type=chunk)[4](index=4&type=chunk) - The effectiveness of this amendment is contingent upon due execution by all parties, the **absence of any Default or Event of Default**, and the payment of all outstanding fees and expenses[9](index=9&type=chunk) [Representations, Warranties, and General Provisions](index=2&type=section&id=Representations%2C%20Warranties%2C%20and%20General%20Provisions) Loan Parties confirm their authority, reaffirm obligations, release claims against Lenders, and establish New York law as the governing jurisdiction - Each Loan Party represents and warrants that the execution and performance of this amendment are **within its corporate powers** and have been duly authorized[10](index=10&type=chunk) - Except for the specific changes outlined, the original Credit Agreement and other Loan Documents **remain unmodified and in full force and effect**[12](index=12&type=chunk) - The Loan Parties provide a **general release**, discharging the Agent and Lenders from any claims existing before the amendment's effective date, except those arising from gross negligence or willful misconduct[16](index=16&type=chunk) - The amendment and any related disputes shall be **governed by and construed in accordance with the laws of the State of New York**[19](index=19&type=chunk) [Signatories](index=6&type=section&id=Signatories) The amendment is executed by authorized representatives of the Borrower, Guarantors, the Administrative Agent, and all Lenders - The amendment is signed by **Gary Cohen, Chief Executive Officer of iRobot Corporation**[25](index=25&type=chunk) - Guarantors include iRobot US Holdings, LLC, iRobot UK Ltd, iRobot France, iRobot Iberia SLU, and iRobot Japan G.K[26](index=26&type=chunk)[27](index=27&type=chunk) - TCG Senior Funding L.L.C. signs as the Administrative Agent, and various Carlyle-affiliated funds and other entities sign as Lenders[28](index=28&type=chunk)[29](index=29&type=chunk)[31](index=31&type=chunk) [Amended Credit Agreement](index=14&type=section&id=Amended%20Credit%20Agreement) [ARTICLE I: DEFINITIONS AND ACCOUNTING TERMS](index=20&type=section&id=ARTICLE%20I%20DEFINITIONS%20AND%20ACCOUNTING%20TERMS) This article defines key terms, financial metrics, and roles, and establishes U.S. GAAP as the accounting standard for the agreement - The agreement provides a comprehensive set of definitions for terms used throughout the document, including financial, legal, and operational terminology[58](index=58&type=chunk) - A **"Change of Control"** is defined to occur if any person or group acquires beneficial ownership of **more than 35%** of the Borrower's voting stock[151](index=151&type=chunk) - The **"Maturity Date"** for the loan is the third anniversary of the Closing Date, which was July 24, 2023[290](index=290&type=chunk) - All accounting terms are to be construed in conformity with **U.S. Generally Accepted Accounting Principles (GAAP)**, and financial calculations must be prepared accordingly[464](index=464&type=chunk) [ARTICLE II: THE COMMITMENTS AND CREDIT EXTENSIONS](index=93&type=section&id=ARTICLE%20II%20THE%20COMMITMENTS%20AND%20CREDIT%20EXTENSIONS) This article details the $200 million senior secured term loan, including borrowing procedures, interest, repayments, and fee structures Credit Facility Details | Term | Detail | | :--- | :--- | | **Facility Type** | Senior Secured Term Loan | | **Total Commitment** | $200,000,000 | | **Funding Date** | July 25, 2023 | | **Repayment** | Full principal due on the Maturity Date (3rd anniversary of Closing Date) | Interest and Fees | Item | Rate/Amount | | :--- | :--- | | **Applicable Rate (SOFR Loans)** | 9.00% per annum | | **Applicable Rate (Base Rate Loans)** | 8.00% per annum | | **PIK Interest Rate** | 2.50% per annum (paid in-kind, added to principal) | | **Cash Interest Rate** | Applicable Rate minus PIK Interest Rate | | **MOIC Premium** | Varies from 1.30x to 1.75x of principal, depending on timing and Amazon acquisition status | - Mandatory prepayments are required from **100% of net cash proceeds** from asset sales exceeding **$1.5 million** and from the issuance of other indebtedness[496](index=496&type=chunk)[497](index=497&type=chunk) - Specific rules govern the application of the "Amazon Break Fee" if received, starting with a **mandatory $35 million prepayment** of the loans[498](index=498&type=chunk) [ARTICLE III: TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY](index=117&type=section&id=ARTICLE%20III%20TAXES%2C%20INCREASED%20COSTS%20PROTECTION%20AND%20ILLEGALITY) This article protects Lenders from financial burdens by addressing tax withholdings, increased costs, and benchmark rate unavailability - The Borrower must make all payments without deduction for Taxes or **pay additional amounts** to ensure the Lender receives the full sum[573](index=573&type=chunk) - If changes in law increase a Lender's cost to maintain its loan, the Borrower must **compensate for such increased costs**[595](index=595&type=chunk)[596](index=596&type=chunk) - The agreement includes provisions to replace the benchmark interest rate (Term SOFR) with a **"Benchmark Replacement"** if a "Benchmark Transition Event" occurs[587](index=587&type=chunk) - The Borrower has the right to **replace any Lender** that requests compensation, becomes a Defaulting Lender, or is a "Non-Consenting Lender"[608](index=608&type=chunk) [ARTICLE IV: CONDITIONS PRECEDENT TO CREDIT EXTENSIONS](index=127&type=section&id=ARTICLE%20IV%20CONDITIONS%20PRECEDENT%20TO%20CREDIT%20EXTENSIONS) This article specifies conditions for the agreement's effectiveness, including executed documents, perfected security interests, and key third-party consents - Conditions for effectiveness included the delivery of executed Loan Documents, legal opinions, a solvency certificate, and **perfection of security interests** via UCC-1 filings[614](index=614&type=chunk)[615](index=615&type=chunk)[618](index=618&type=chunk) - A critical condition was the **termination of the Existing Credit Agreement** and the release of all associated liens[623](index=623&type=chunk) - The Borrower was required to obtain and deliver a **consent from Amazon**, in relation to the Amazon Acquisition Agreement, permitting the new financing[625](index=625&type=chunk) [ARTICLE V: REPRESENTATIONS AND WARRANTIES](index=131&type=section&id=ARTICLE%20V%20REPRESENTATIONS%20AND%20WARRANTIES) This article contains statements of fact from the Loan Parties regarding their legal status, financial accuracy, and compliance with laws - The Loan Parties represent they are duly organized and have the power to execute the Loan Documents without contravening laws or organizational documents[631](index=631&type=chunk)[632](index=632&type=chunk) - The Borrower represents that its financial statements **fairly present its financial condition** and that no Material Adverse Effect has occurred[636](index=636&type=chunk)[639](index=639&type=chunk) - The company represents compliance with key regulations, including **Sanctions Laws, OFAC, and Anti-Corruption Laws**[653](index=653&type=chunk)[661](index=661&type=chunk)[665](index=665&type=chunk) - On the Closing Date, the Borrower and its subsidiaries, on a consolidated basis, are represented to be **Solvent**[659](index=659&type=chunk) [ARTICLE VI: AFFIRMATIVE COVENANTS](index=139&type=section&id=ARTICLE%20VI%20AFFIRMATIVE%20COVENANTS) This article outlines the Borrower's ongoing obligations, including financial reporting, notice of defaults, and maintenance of corporate status and assets - The Borrower must deliver **audited annual, unaudited quarterly, and monthly financial reports** and a Compliance Certificate[673](index=673&type=chunk)[675](index=675&type=chunk)[681](index=681&type=chunk) - The Borrower is required to **promptly notify the Administrative Agent** upon the occurrence of any Default or Event of Default[689](index=689&type=chunk) - The company must maintain its legal existence, properties, and **adequate insurance coverage**[693](index=693&type=chunk)[695](index=695&type=chunk)[696](index=696&type=chunk) - New subsidiaries in an Applicable Jurisdiction must **become a Guarantor** and provide collateral within a specified timeframe[704](index=704&type=chunk) [ARTICLE VII: NEGATIVE COVENANTS](index=153&type=section&id=ARTICLE%20VII%20NEGATIVE%20COVENANTS) This article restricts the Borrower's ability to incur debt, grant liens, sell assets, or make restricted payments to protect Lender interests - The Borrower is prohibited from incurring additional Indebtedness or creating Liens on its assets, except as specifically permitted[717](index=717&type=chunk)[728](index=728&type=chunk) - The company cannot make any Asset Sale unless it receives at least **75% cash consideration** at fair market value and the aggregate value does not exceed **$1,000,000**[735](index=735&type=chunk) - **Restricted Payments**, including dividends and stock repurchases, are generally prohibited subject to specific exceptions[738](index=738&type=chunk) - The Borrower must maintain **Consolidated Core Assets of at least $250,000,000**, tested monthly, with this threshold subject to reduction based on certain prepayments[753](index=753&type=chunk) [ARTICLE VIII: EVENTS OF DEFAULT AND REMEDIES](index=172&type=section&id=ARTICLE%20VIII%20EVENTS%20OF%20DEFAULT%20AND%20REMEDIES) This article defines Events of Default and specifies the Lenders' right to accelerate the loan and demand immediate repayment - Events of Default include **non-payment**, failure to comply with covenants (notably the **Minimum Core Assets Test**), misrepresentations, and bankruptcy[771](index=771&type=chunk) - A cross-default is triggered by payment failure on other indebtedness with an aggregate principal amount of **$1.5 million or more**[773](index=773&type=chunk) - A **Change of Control** is also an Event of Default[776](index=776&type=chunk) - Upon an Event of Default, the Agent may declare the entire unpaid principal, accrued interest, and all other amounts **immediately due and payable**[778](index=778&type=chunk) [ARTICLE IX: ADMINISTRATIVE AGENT AND OTHER AGENTS](index=178&type=section&id=ARTICLE%20IX%20ADMINISTRATIVE%20AGENT%20AND%20OTHER%20AGENTS) This article outlines the authority and duties of the Administrative Agent, protecting it from liability except in cases of gross negligence - Each Lender irrevocably **appoints TCG to act as the Administrative Agent and Collateral Agent**, authorizing it to take actions on their behalf[785](index=785&type=chunk)[786](index=786&type=chunk) - The Agent is **exculpated from liability** for any action taken or omitted, except for its own gross negligence, bad faith, or willful misconduct[789](index=789&type=chunk) - The Agent is authorized to **release collateral or guarantors** in connection with transactions permitted by the agreement[807](index=807&type=chunk) - A detailed **"Erroneous Payments" clause** requires any recipient to immediately return any funds mistakenly sent by the Administrative Agent[821](index=821&type=chunk) [ARTICLE X: MISCELLANEOUS](index=194&type=section&id=ARTICLE%20X%20MISCELLANEOUS) This final article contains standard legal clauses covering amendments, notices, governing law, and assignment of loans - Amendments generally require the written consent of the **Required Lenders (holding more than 50% of the loans)** and the Borrower[833](index=833&type=chunk) - The agreement is **governed by the laws of the State of New York**, and all parties submit to the exclusive jurisdiction of New York courts[891](index=891&type=chunk)[892](index=892&type=chunk) - All parties to the agreement irrevocably **waive their right to a trial by jury** for any claim arising from the Loan Documents[896](index=896&type=chunk) - Lenders may assign their rights to Eligible Assignees but require the **Borrower's consent** unless a Specified Event of Default has occurred[857](index=857&type=chunk)[858](index=858&type=chunk)[859](index=859&type=chunk)
WK Kellogg Co(KLG) - 2025 Q4 - Annual Report
2025-08-07 11:54
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41755 WK Kellogg Co (Exact name of registrant as specified in its charter) Delaware 92-1243173 (State or other ...