Debt repayment
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Casino Group: Confirmation of a repayment to Quatrim secured bondholders
Globenewswire· 2025-04-24 17:30
Core Viewpoint - Casino Group has successfully repaid €56.0 million of secured debt related to its subsidiary Quatrim, reducing the nominal amount of Quatrim secured bonds to €221 million [2][3]. Group 1: Debt Repayment Details - The repayment on April 24, 2025, included €55.8 million of principal and €0.2 million of accrued interest [2]. - Since the beginning of 2025, the total payments made to holders of Quatrim secured debt amount to €99 million, which includes previous payments of €30 million on February 18 and €12.9 million on April 7 [3]. - Additionally, €5.1 million in PIK interest was capitalized on April 7, 2025 [3]. Group 2: Financing Sources - The various payments were financed through disposals executed during Q4 2024 and Q1 2025, including proceeds from transactions with Groupement Les Mousquetaires and Icade [4].
Calumet Announces Closing of Sale of Assets Related to Industrial Portion of its Royal Purple® Business
Prnewswire· 2025-04-01 12:15
Core Viewpoint - Calumet, Inc. has successfully completed the sale of its industrial assets related to the Royal Purple® business for $110 million in cash, aiming to reduce debt and streamline operations [1][4]. Group 1: Sale Details - The sold assets include Royal Purple's high-performance synthetic industrial product line, which encompasses industrial gear lubricants, bio-environmental lubricants, stationary natural gas engine oils, hydraulic lubricants, and compressor oils, along with an exclusive license for industrial applications [2]. - In the year ending December 31, 2024, the industrial segment of the Royal Purple® business generated approximately $29 million in total sales [2]. Group 2: Retained Assets - Calumet retains ownership of the Porter, Texas manufacturing site and the consumer segment of the Royal Purple® business, which serves various automotive product applications through a multi-channel strategy [3]. - Key brands within the consumer segment include High Performance Motor Oil, HPS®, HMX®, Max EZ®, Max Gear®, Max-Clean®, XPR®, and Duralec Super™ [3]. Group 3: Financial Strategy - The proceeds from the asset sale will primarily be used to pay down debt, indicating a strategic move towards financial stability [4]. - The company has also terminated its at-the-market equity offering program, which was announced in January 2025 but was never utilized [4].
How to make the most of a 3-paycheck month
Yahoo Finance· 2024-08-02 18:25
If you’re paid biweekly, there are a couple of months throughout the year when you’ll receive a third paycheck. How? There are 52 weeks in a year, and 26 pay periods if you’re paid every two weeks. Most months have four weeks, so typically, you receive two paychecks in a month. But because 26 paychecks spread over 12 months don’t divide evenly, there are usually two months each year where you receive an extra (third) paycheck. When are the 3-paycheck months for 2026? Where your three-paycheck months f ...
How to save money in 2026: 54 tips to grow your wealth
Yahoo Finance· 2024-07-17 19:30
Saving money takes time and discipline — and it can be a challenge if you face competing financial obligations or unexpected costs. Your ability to save can also be impacted by external factors, including the rising cost of living and high interest rates on debt. The personal saving rate was 4.8% as of the third quarter of 2025. And with many Americans continuing to bear the brunt of inflation and higher costs, saving money could prove to be more challenging than it was just a few years ago. The good new ...