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Abcourt Closes Private Placement of Debenture and Equity to Restart Sleeping Giant Mine
Globenewswire· 2025-06-26 11:00
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ROUYN-NORANDA, Quebec, June 26, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed its previously announced non-brokered private placement of secured convertible debenture (the “Debenture”) for gross proceeds of $3,000,000 (the “Debenture Offering”). Debenture Offering The Debenture will bear interest at the Term SOFR pl ...
Array Technologies Announces Proposed Private Offering of $250 Million of New Convertible Senior Notes
Globenewswire· 2025-06-24 11:05
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY also intends to grant th ...
StorageVault Completes the Purchase of 8 Assets for $71.9 Million
Globenewswire· 2025-06-24 11:00
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that, further to its April 23, 2025 news release, it has completed the acquisition of seven stores and one adjacent vacant parcel of land (collectively, the “Acquisitions”) from six vendor groups (collectively, the “Vendors”), for an aggregate purchase price of $71.9 million. Six of the Acquisitions are arm’s length and two, totaling $21.9 million, are related party acquisitions (the “Relate ...
eQ Plc Managers' Transactions – Chilla Capital S.A.
Globenewswire· 2025-06-24 08:30
Core Points - eQ Plc's CEO Janne Larma executed a share disposal transaction involving 300,000 shares at a unit price of 11.75 EUR on June 19, 2025 [1] - The total volume of shares disposed was 300,000, with a volume-weighted average price of 11.75 EUR [1] - eQ Group specializes in asset management and corporate finance, managing approximately EUR 13.6 billion in assets [1] Company Overview - eQ Group is a Finnish company focused on asset management and corporate finance services [1] - eQ Asset Management provides a variety of services, including private equity funds and real estate asset management for both institutions and individuals [1] - Advium Corporate Finance, a subsidiary of eQ Group, offers services related to mergers and acquisitions, real estate transactions, and equity capital markets [1]
Life Time Closes on $150 Million Sale-Leaseback Transaction; Credit Rating Upgraded by S&P
Prnewswire· 2025-06-23 21:26
CHANHASSEN, Minn., June 23, 2025 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or "the Company") today announced that it has closed on its sale-leaseback transaction of three properties for approximately $150 million in gross proceeds. Terms were similar to previous transactions. Additional details were not disclosed.Additionally, on June 18, 2025, prior to the completion of the sale-leaseback transaction, S&P Global Ratings ("S&P") upgraded the Company's issuer credit rating to 'B ...
MINISO Group Provides Update on Chairman's Collar Transaction
Prnewswire· 2025-06-20 09:30
Core Viewpoint - MINISO Group has unwound a collar transaction involving 14,000,000 ordinary shares, indicating the chairman's confidence in the company's long-term success [2][3]. Company Overview - MINISO Group is a global value retailer that offers a variety of trendy lifestyle products featuring IP design, serving consumers through a large network of stores [4]. - The company emphasizes aesthetically pleasing design, quality, and affordability in its product portfolio, continually rolling out new products [4]. - Since its first store opening in China in 2013, MINISO has established itself as a globally recognized retail brand with a massive store network [4].
Bitdeer Announces Pricing of Upsized US$330.0 Million Convertible Senior Notes Offering
Globenewswire· 2025-06-18 09:59
Core Viewpoint - Bitdeer Technologies Group has announced the pricing of US$330 million principal amount of 4.875% Convertible Senior Notes due 2031, increasing from a previously announced US$300 million offering, with the sale expected to close on June 23, 2025 [1][2]. Group 1: Offering Details - The notes will bear interest at a rate of 4.875% per year, payable semiannually starting January 1, 2026, and will mature on July 1, 2031 [2]. - The initial conversion rate is set at 62.9921 Class A ordinary shares per US$1,000 principal amount, equating to an initial conversion price of approximately US$15.88 per share, representing a 25% premium over the last reported sale price on June 17, 2025 [2]. Group 2: Redemption and Repurchase Conditions - The company may redeem the notes for cash starting July 6, 2028, if certain conditions regarding the stock price and liquidity are met, at a redemption price equal to 100% of the principal amount plus accrued interest [3]. - The company can also redeem all but not part of the notes if less than US$25 million remains outstanding, or in the event of certain tax law changes [4]. Group 3: Use of Proceeds - The estimated net proceeds from the offering are approximately US$319.6 million, intended for various purposes including datacenter expansion, ASIC-based mining rig development, and working capital [7]. - If the initial purchasers exercise their option to purchase additional notes, the proceeds will similarly be allocated for datacenter expansion and other corporate purposes [7]. Group 4: Zero-Strike Call Option Transaction - The company has entered into a zero-strike call option transaction, paying a premium of approximately US$129.6 million for the right to receive about 10.2 million Class A ordinary shares [8]. - This transaction is designed to facilitate derivative transactions related to the Class A ordinary shares, potentially impacting their market price [8][9]. Group 5: Concurrent Note Exchange Transaction - Concurrently with the offering, the company has engaged in transactions to exchange approximately US$36.1 million in cash and about 8.1 million Class A ordinary shares for US$75.7 million of its existing convertible senior notes due 2029 [11]. - This exchange is not contingent upon the offering of the new notes [11].
Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes
Globenewswire· 2025-06-17 20:05
SINGAPORE, June 17, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it intends to offer, subject to market conditions and other factors, US$300.0 million principal amount of Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, a ...
X @Investopedia
Investopedia· 2025-06-13 17:30
Walmart and Amazon are reportedly exploring their own corporate stablecoins as a customer payment option, which could potentially reduce the billions of dollars the retailers pay in credit transaction fees. https://t.co/uISOWHSMF4 ...
Unisys Announces Cash Tender Offer and Consent Solicitation for Any and All of Its Outstanding 6.875% Senior Secured Notes Due 2027
Prnewswire· 2025-06-11 13:25
Core Viewpoint - Unisys Corporation has initiated a tender offer to purchase its outstanding 6.875% Senior Secured Notes due 2027, along with a consent solicitation for proposed amendments to the indenture governing these notes [1][2]. Group 1: Tender Offer Details - The tender offer aims to buy back all outstanding notes for cash, with a total principal amount of $485 million [5]. - The consideration for the notes is set at $976.25 per $1,000 principal amount, with an early tender premium of $30, bringing the total consideration to $1,006.25 for early tenders [5][6]. - The tender offer and consent solicitation will expire on July 11, 2025, with an early tender expiration date of June 25, 2025 [7][8]. Group 2: Financing Transaction - The company plans to concurrently amend its asset-based revolving credit facility and issue up to $700 million of Senior Secured Notes due 2031, subject to market conditions [3]. - Proceeds from this financing transaction, along with cash on hand, will be used to pay for the tendered notes and related expenses [3][10]. Group 3: Consent Solicitation - The company is soliciting consents to eliminate restrictive covenants and certain events of default related to the notes, which requires a majority of holders to approve [2][11]. - Holders must tender their notes to deliver their consents, and the proposed amendments will not take effect until all validly tendered notes are purchased [9][11]. Group 4: Conditions and Amendments - The consummation of the tender offer is contingent upon the completion of the financing transaction and other specified conditions [10]. - The company reserves the right to extend or amend the tender offer and consent solicitation at its discretion [10][12].