Sanoma has signed a new EUR 220 million syndicated term loan
Globenewswire· 2025-12-05 12:45
Core Points - Sanoma Corporation has signed a EUR 220 million syndicated term loan facility with a maturity date of 16 March 2029, including two one-year extension options [1] - The term loan will be utilized to prepay a EUR 119 million term loan and refinance a EUR 150 million hybrid bond on the reset date of 16 March 2026, with repayments supported by improved operating cash flow [2] - The transaction is coordinated by ING Bank and Nordea Bank, with additional participation from several other banks [3] Company Overview - Sanoma is an innovative learning and media company, committed to maximizing its positive impact on society while minimizing its environmental footprint, aligning with the UN Sustainable Development Goals [4] - The company offers a range of learning products and services aimed at helping teachers develop children's talents, including both printed and digital content for various educational levels [5] - Sanoma operates across Europe, employing nearly 5,000 professionals, with net sales of approximately EUR 1.3 billion in 2024 and an operational EBIT margin of 13.4% [6]
Mural Oncology Announces Effectiveness of Scheme of Arrangement and Completion of Acquisition
Globenewswire· 2025-12-05 12:45
WALTHAM, Mass. and DUBLIN, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Mural Oncology plc, (Nasdaq: MURA) (“Mural”) announces that the scheme of arrangement between Mural and its shareholders under Chapter 1 of Part 9 of the Companies Act 2014 (the “Scheme”) pursuant to which XRA 5 Corp. (“Sub”), a wholly-owned subsidiary of XOMA Royalty Corporation (Nasdaq: XOMA) (“XOMA Royalty”) will acquire the entire issued and to be issued share capital of Mural, became effective today, 5 December 2025 (the “Effective Date”). Di ...
Fairfax Sells Common Shares of Orla
Globenewswire· 2025-12-05 12:33
Core Viewpoint - Fairfax Financial Holdings Limited has sold 25,000,000 common shares of Orla Mining Ltd for approximately CDN$441.1 million as part of its investment portfolio rebalancing [1] Group 1: Share Sale Details - The common shares were sold at a price of CDN$17.6435 per share, resulting in total proceeds of approximately CDN$441.1 million (US$316.1 million) [1] - Prior to the sale, Fairfax owned 56,817,229 common shares, US$150 million in senior unsecured convertible notes, and 17,544,302 warrants [2] - After the sale, Fairfax's ownership decreased to 31,817,229 common shares, maintaining the same amount of convertible notes and warrants [2] Group 2: Ownership Structure - Following the share sale, Fairfax holds approximately 9.4% of the issued and outstanding common shares on a non-diluted basis and approximately 19.8% on a partially-diluted basis [2] - The convertible notes can be converted into common shares at a price of CDN$7.90, while the warrants allow acquisition at an exercise price of CDN$11.50 [2] Group 3: Future Intentions - Fairfax holds the shares, notes, and warrants for investment purposes and may engage in discussions with Orla's management regarding future transactions [3] - The company may also trade or dispose of its holdings based on market price changes or Orla's operational updates [3] Group 4: Company Information - Fairfax is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management [4] - The registered office of Fairfax is located in Toronto, Ontario, while Orla's office is in Vancouver, British Columbia [4]
SL Green Announces Series of Transactions at 800 Third Avenue
Globenewswire· 2025-12-05 12:30
Core Insights - SL Green Realty Corp. has acquired a 39.48% interest in 800 Third Avenue for $5.1 million, achieving 100% ownership of the asset [1] - The existing mortgage of $177.0 million has been modified and extended to mature in February 2031, with a fixed interest rate of 5.03% until February 2029 [2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT), focusing on acquiring and managing commercial properties in Manhattan [4] - As of September 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4] Strategic Outlook - The transactions reflect SL Green's long-term commitment to well-located assets in Midtown Manhattan and its capability to execute loan modifications that enhance the maturity profile while maintaining favorable terms [3] - The property at 800 Third Avenue is strategically located near Grand Central Terminal and benefits from ongoing residential conversions in the area, which are expected to drive growth in the office sector [3]
QGold to Host Live Webinar to Discuss Corporate Update
Globenewswire· 2025-12-05 12:30
Core Points - Q-Gold Resources Ltd. will host a corporate update presentation on December 10, 2025, at 10:30 a.m. EST, featuring CEO Peter Tagliamonte discussing business developments [1][2] - The company has granted 500,000 stock options to a director and officer, with an exercise price of $0.28 per option, vesting immediately and subject to a four-month hold period [3] - Q-Gold is focused on advancing its gold and silver projects, particularly the Quartz Mountain Gold Project in Oregon and the Mine Centre Gold Project in Ontario [5] Company Overview - Q-Gold Resources Ltd. is a publicly traded mineral exploration and development company based in North America, listed on TSX Venture Exchange, OTCQB, and Börse Frankfurt [4] - The company aims to progress its portfolio of gold and silver assets toward production through systematic exploration and responsible environmental stewardship [5]
Serve Robotics Expands in South Florida, Launching Autonomous Deliveries in Fort Lauderdale with Uber Eats
Globenewswire· 2025-12-05 12:30
FORT LAUDERDALE, Fla., Dec. 05, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the expansion of its service into Fort Lauderdale, marking a significant extension of its growing footprint in South Florida. The company has existing operations in Miami, and the addition of Fort Lauderdale strengthens Serve’s presence across one of the nation’s most active and rapidly growing delivery markets. Fort Lauderdale customers in Downtown and ...
Nexxen to Participate in Raymond James TMT and Consumer Conference on December 9, 2025
Globenewswire· 2025-12-05 12:30
NEW YORK, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that members of its executive and investor relations team will participate in, and host investor meetings at, the Raymond James TMT and Consumer Conference on Tuesday, December 9, 2025, in New York, NY. The Company will participate in a fireside chat at 8:40 AM ET on December 9, 2025. ...
Stock Yards Bancorp Named to Piper Sandler Sm-All Stars: Class of 2025 List for Small-Cap Banks
Globenewswire· 2025-12-05 12:30
Core Insights - Stock Yards Bancorp, Inc. has been recognized as one of the top-performing small-cap banks in the U.S. by Piper Sandler, being named a "Sm-All Star" for 2025 [1][2] - This recognition is based on various performance metrics including growth, profitability, credit quality, and capital strength [1] - Stock Yards Bancorp has achieved this distinction seven times since 2008, indicating a consistent performance over the years [2] Company Overview - Stock Yards Bancorp, Inc. is based in Louisville, Kentucky, and has total assets of $9.31 billion [3] - The company was incorporated in 1988 and serves as the parent company of Stock Yards Bank & Trust Company, which was established in 1904 [3] - The common shares of Stock Yards Bancorp trade on The NASDAQ Stock Market under the symbol "SYBT" [3]
Hotel101 Global Tops Off Hotel101-Niseko in Hokkaido, Japan on Track for December 2026 Opening
Globenewswire· 2025-12-05 12:07
Core Insights - Hotel101-Niseko, located in Hirafu, Hokkaido, Japan, is set to be one of the largest hotels in the area with 482 rooms and is on schedule for completion by December 2026 [1][4][9] Company Overview - Hotel101 Global Holdings Corp. is a subsidiary of DoubleDragon Corporation and is listed on Nasdaq under the ticker HBNB, with a market capitalization of approximately US$1.5 billion as of December 4, 2025 [11] - The company is pioneering a global standardized "condotel" business model, aiming to disrupt the hospitality sector through a tech-enabled approach that generates revenue from both the advance sale of hotel units and ongoing hotel operations [11] Project Details - The topping-off ceremony for Hotel101-Niseko was held on December 5, 2025, marking the completion of the building structure, with interior finishing work to follow [3][4] - The hotel is strategically located about 2 minutes by shuttle from ski lifts, making it an attractive destination for winter sports enthusiasts [1][5] Amenities and Features - Hotel101-Niseko will offer a range of amenities including an all-day dining restaurant, dedicated meeting spaces, an indoor swimming pool, hot mineral onsen bath, sauna, wellness facilities, and ski-in/ski-out convenience [10] - The hotel aims to provide practical comfort tailored to modern travelers, including families and groups [6][7] Market Position - Niseko attracts over two million international visitors annually, solidifying its reputation as Asia's premier alpine destination, and Hotel101-Niseko is positioned to become a landmark in this global playground [8]
LEEF Brands Announces Full Early Conversion of ~US$10.5 Million of USD Convertible Debentures
Globenewswire· 2025-12-05 12:07
Core Insights - LEEF Brands, Inc. has completed the full early conversion of its outstanding 11% secured convertible debentures, totaling approximately US$10,588,928, which includes accrued and unpaid interest [1] - The conversion was executed under amended terms, allowing debenture holders to convert their debentures into units at a price of CAD $0.25 per unit, resulting in the issuance of approximately 59,209,048 units [2] - CEO Micah Anderson and CFO Kevin Wilson expressed confidence in the company's long-term growth strategy and financial flexibility following the conversion [3][5] Financial Performance - The early conversion aligns with the company's operational momentum, which includes a 24% year-over-year revenue growth and a doubling of gross margins in Q3 [4] - The conversion strengthens the balance sheet by eliminating nearly all long-term debenture debt, leaving only two pieces of real estate debt totaling $11,200,000 [8] Strategic Positioning - The company is positioned for strategic growth initiatives, particularly in California and New York, with plans to expand operations at Salisbury Canyon Ranch and its New York facility [8] - The conversion reflects strong insider alignment and commitment from debenture holders, indicating confidence in the company's future [3][8] Company Overview - LEEF Brands, Inc. operates as a vertically integrated, multistate cannabis operator, focusing on extraction, manufacturing, cultivation, and product innovation [6] - The company partners with top brands to deliver high-quality cannabis products and has significant cultivation and processing capabilities in California and New York [6]