Optimizes Capital Structure and Financial Flexibility VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / November 17, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTCQX:OGOFF)(FSE:OGF0) ("Organto" or the "Company"), is pleased to announce that it has completed the previously announced prepayment of all outstanding 10% convertible notes totaling CDN $2,340,850, as part of the Company's ongoing efforts to optimize its capital structure and position for anticipated growth. As previously announced on October 24, ...

BROSSARD, QC, Nov. 10, 2025 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce it has completed the first scheduled drawdown of US$80 million under its US$350 million revolving credit facility previously announced on October 6, 2025, related to development and construction of it's 100% owned Oko Gold Project in Guyana. Proceeds from the drawdown were used to repay in full the outstanding senior secured term loan in the aggregate amount o ...

Core Points - Shell plc has initiated exchange offers for six series of USD notes issued by Shell International Finance B.V. and BG Energy Capital plc to optimize its capital structure and align its indebtedness with its U.S. business [2][3]. Group 1: Exchange Offers Details - The exchange offers involve the exchange of existing notes (Old Notes) for new notes (New Notes) issued by Shell Finance US Inc., guaranteed by Shell [2][3]. - Eligible holders can exchange validly tendered Old Notes for a combination of cash and New Notes, which will have similar terms to the Old Notes [2][3]. - The exchange offers commenced on November 3, 2025, and will expire on December 3, 2025, unless extended [12]. Group 2: Financial Terms - The total consideration for each $1,000 principal amount of Old Notes validly tendered includes $1,000 principal amount of New Notes and a cash amount of $1.00 [14]. - An early participation premium of $30 will be included for those who tender their Old Notes before the early participation deadline of November 17, 2025 [16][12]. - The minimum denominations for tendering Old Notes are $1,000 for Shell International Finance Notes and $200,000 for BGEC Notes [11][7]. Group 3: Conditions and Participation - The exchange offers are subject to a minimum size condition, meaning no Old Notes will be accepted unless the aggregate principal amount of New Notes to be issued meets the specified minimum [10][15]. - Eligible holders must complete an eligibility certification to participate in the exchange offers [22][23]. - The settlement date for the exchange is expected to occur on December 8, 2025, if the offers are not extended [19].

Core Insights - Brazil Potash Corp. has appointed BTIG, LLC as its lead financial advisor to secure equity investment for project construction [1][2] - BTIG aims to attract new strategic partners for project-level investment, minimizing shareholder dilution while securing major construction funding [1][2] - The CEO of Brazil Potash emphasized BTIG's expertise and global network as essential for capital acquisition to advance the potash project [2] Recent Developments - The company is exploring various methods to optimize its capital structure, including potential carve-out opportunities for specific project components [3] - Brazil Potash recently finalized its third commercial offtake agreement with Potássio do Brasil Ltda and Kimia Solutions Ltda [3] - The company's shares experienced a decline of 3.23%, trading at $2.40 in premarket [4]

Financial Data and Key Metrics Changes - KDP has achieved a 6% revenue CAGR and an 11% adjusted EPS CAGR since its formation, placing it in the top tier of CPG peers [8][35][36] - The company reported strong Q3 results, raising net sales outlook and reaffirming full year EPS guidance [65] Business Line Data and Key Metrics Changes - The Refreshment Beverages segment has seen a high single-digit net sales CAGR since 2018, driven by flagship brands like Dr Pepper [32][35] - The Coffee segment has experienced a low single-digit sales CAGR in recent years, with Keurig maintaining its position as the number one North American single-serve system [34][35] Market Data and Key Metrics Changes - The global coffee category is beginning to show signs of recovery post-COVID, with a historical volume growth of 2% CAGR over 40 years [14][42] - The coffee market is characterized by strong consumer loyalty and premiumization trends, particularly in emerging markets [40][43] Company Strategy and Development Direction - KDP is pursuing the acquisition of JDE Peet's to create a global coffee powerhouse and a more agile beverage challenger [27][28] - The strategy involves separating the businesses into Beverage Co and Global Coffee Co to allow for focused management and tailored capital allocation [54][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the coffee category and the strategic rationale behind the acquisition of JDE Peet's [14][17] - The company aims to maintain business momentum while executing the integration and separation plans effectively [65][66] Other Important Information - The acquisition of JDE Peet's is expected to triple coffee net sales to $16 billion, making KDP the second-largest global coffee player [47][48] - The company has identified $400 million in cost synergies over the next three years from the acquisition [51] Q&A Session Summary Question: Why is JDE Peet's the right acquisition? - Management highlighted JDE Peet's strong brand portfolio, global presence, and operational capabilities as key reasons for the acquisition [28][90] Question: What does the separation into Beverage Co and Global Coffee Co uniquely enable? - The separation allows each entity to focus on distinct strategies and capital allocation priorities, enhancing operational efficiency [54][56] Question: How will KDP optimize its capital structure post-acquisition? - KDP plans to implement cost-efficient transactions to improve balance sheets for both companies, targeting net leverage below five times at acquisition close [60][61] Question: How will KDP ensure success throughout the process? - Management emphasized the establishment of a transformation management office to oversee integration and maintain business momentum [57][66]

Core Insights - Vedanta Resources Ltd has successfully raised 500 million dollars through bond issuance to repay near-term obligations and enhance its capital structure [1][2] Financial Position - The company has reduced its total gross debt from 9.1 billion dollars in fiscal 2022 to 4.8 billion dollars as of June 2025, indicating a significant reduction of over 4 billion dollars [6] - The average maturity of the debt portfolio is now over four years, and the weighted average interest cost has been reduced to single digits [1][6] - Vedanta has a long-term loan facility with undrawn balances of 682 million dollars, ensuring robust liquidity [3] Operational Performance - Core businesses, including zinc, oil and gas, aluminium, and power, continue to deliver strong EBITDA and cash flows [3] - Commodity prices have remained resilient, supporting the company's profitability despite global trade disruptions [4] Strategic Initiatives - The ongoing demerger of Vedanta Limited into five independent sector-specific entities aims to unlock value, enhance transparency, and enable sharper capital allocation [4] - The company is committed to financial discipline, focusing on honoring all debt obligations and sustaining its deleveraging trajectory through internal accruals and strategic refinancing [5] Liquidity and Capital Structure - Vedanta maintains robust liquidity supported by dividend inflows from operating subsidiaries and healthy free cash generation [2][3] - The company has diversified its credit profile through a mix of bonds and bank loans, adding new banks to its capital structure [7]

Financial Data and Key Metrics Changes - The company reported net income of $188 million and adjusted net income of $191 million for Q3 2025, with earnings per diluted share at $4.02, excluding a $3 million post-tax impact from repurchased debt expenses [4][5] - Tangible book value per common share increased by 19% year over year to $56.36, and return on average tangible common equity was 28.6% for the quarter [4][5] - Credit sales rose by 5% year over year to $6.8 billion, despite a decrease in average loans by 1% year over year to $17.6 billion [11][12] Business Line Data and Key Metrics Changes - Revenue decreased by 1% year over year to $971 million, impacted by lower billed late fees and higher retailer share arrangements [11][12] - Total non-interest expenses decreased by $98 million, with adjusted total non-interest expenses down 1% year over year [12][13] - The company experienced a decrease in net interest income by 1% year over year, attributed to lower billed late fees and a shift in risk and product mix [13][16] Market Data and Key Metrics Changes - The delinquency rate for Q3 was 6.0%, down 40 basis points year over year, while the net loss rate was 7.4%, also down 40 basis points year over year [20][21] - Direct-to-consumer deposits grew to $8.2 billion, accounting for 47% of average funding, up from 41% a year ago [17][18] - The CET1 ratio improved to 14.0%, up 100 basis points sequentially and 70 basis points year over year [18][19] Company Strategy and Development Direction - The company is focused on responsible growth and executing its business strategy while investing in technology modernization and product innovation [6][7] - New brand partnerships in the home vertical, including Bed Bath & Beyond and Raymour & Flanagan, are expected to drive future growth [9][10] - The company aims to maintain expense discipline and operational excellence, with a commitment to returning value to shareholders through increased dividends and share repurchases [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer financial health remained resilient, with strong credit sales and lower delinquencies despite ongoing inflationary concerns [4][5] - The outlook for the remainder of the year remains unchanged, with expectations for credit sales trends to continue positively [6][24] - Management expressed confidence in achieving full-year positive operating leverage and maintaining a net loss rate within the guided range of 7.8% to 7.9% [24][25] Other Important Information - The company announced a $200 million increase to its share repurchase authorization and a 10% increase in its quarterly cash dividend to $0.23 per common share [8][20] - A credit rating upgrade and positive outlook from Moody's were recognized, reflecting improvements in financial resilience and risk management [10][18] Q&A Session Summary Question: Signs of weakness in the portfolio - Management indicated that consumer metrics have been surprisingly resilient, with stable macro conditions and no significant signs of weakness in their portfolio [28][29] Question: Loan growth expectations - Management expects loan growth to pick up as credit quality improves and new partnerships are established, indicating a healthy consumer environment [34] Question: Trends in credit sales and holiday shopping - Management noted that credit sales are currently positive, with expectations for aggressive retailer promotions during the holiday season to attract consumers [46] Question: Impact of discounts on Bread Financial - Management anticipates that retailers will likely push discounts earlier in the buying cycle, which could influence consumer spending behavior [71] Question: Underwriting standards and growth - Management confirmed that underwriting remains prudent and focused on profitability, with gradual adjustments based on improving credit quality and macroeconomic conditions [75][76]

Core Viewpoint - iPower Inc. is actively seeking alternative funding solutions to strengthen its capital structure and enhance liquidity in response to changing financial conditions [1][2]. Group 1: Funding Strategy - The company is exploring options to replace its current bank-backed asset-based lending (ABL) facility with a non-bank financing solution that offers greater flexibility [2]. - iPower believes that a more adaptable funding structure will improve access to working capital and better support its strategic initiatives in the current credit environment [2][3]. Group 2: Management Perspective - The CEO of iPower, Lawrence Tan, emphasized that optimizing the capital structure is a top priority for the company [3]. - By diversifying financing sources and moving away from traditional bank-backed ABL facilities, iPower aims to enhance financial flexibility and effectively execute its growth plans while maintaining prudent balance-sheet management [3]. Group 3: Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands [3]. - The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics, and manufacturing, with plans to pursue initiatives in digital assets and blockchain integration [3].

Overview - The company announced a capital reduction of its wholly-owned subsidiary, Zhejiang Nanhua Capital Management Co., Ltd., reducing its registered capital from RMB 700 million to RMB 600 million [1][2]. Capital Reduction Details - The capital reduction amount is RMB 100 million, aimed at optimizing the capital structure and resource allocation of Nanhua Capital [1][3]. - The shareholding structure of Nanhua Capital will remain unchanged post-reduction, with Nanhua Futures holding 100% of the shares [2][3]. Company Background - Zhejiang Nanhua Capital Management Co., Ltd. is a limited liability company established on May 20, 2013, with a registered capital of RMB 700 million before the reduction [2]. - The company operates in various sectors, including import and export of goods, technology import and export, and sales of food and automotive parts, among others [2]. Financial Performance - As of March 31, 2025, Nanhua Capital reported total assets of RMB 1.77 billion and net assets of RMB 723.77 million, with a revenue of RMB 277.81 million and a net loss of RMB 909,700 for the first quarter of 2025 [3][4]. Impact of Capital Reduction - The capital reduction is expected to enhance the company's resource allocation and aligns with the long-term development goals and shareholder interests [3][4]. - The reduction will not affect the company's consolidated financial statements or its normal operations [4].

Financial Data and Key Metrics Changes - Revenue for the second quarter was $2,530 million, up 5% on a reported basis and 4% on an organic basis compared to the same period a year ago [20] - Adjusted EBITDA was $871 million, an increase of $45 million or 5% year over year [21] - Adjusted operating cash flow was $442 million, reflecting strong operational cash flow generation [21] Business Line Data and Key Metrics Changes - Salix revenues were $627 million, an increase of 12% compared to the same period last year, driven by favorable net pricing and strong volume performance [23] - Solta revenues were $128 million, an increase of 25% on a reported basis and 26% on an organic basis compared to the same period last year, primarily fueled by South Korea [26] - Diversified segment revenues were $219 million, a decrease of 13% compared to the same period a year ago, impacted by one-time pricing adjustments in 2024 [28] Market Data and Key Metrics Changes - EMEA achieved 6% organic growth in the second quarter, marking the region's tenth consecutive quarter of organic growth [11] - Canada experienced 12% growth driven by the promoted products portfolio [24] - LATAM's performance was softer due to ongoing macroeconomic challenges and partial channel destocking [25] Company Strategy and Development Direction - The company is focused on unlocking value, growth, and optimizing capital structure, with a commitment to R&D and business development [6][31] - A strategic partnership was announced with YunnV to launch probiotic-based products for acne-prone skin in Poland [13] - The company is evaluating opportunities to reduce the net cost of capital of its debt over the next couple of months [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute strategic priorities and deliver value for stakeholders [20][68] - The company reaffirmed its full-year 2025 guidance for revenue and adjusted EBITDA, expecting revenue between $4,950 million and $5,100 million [30] - Management acknowledged the uncertain macro environment but highlighted strong operational performance and growth opportunities [5][19] Other Important Information - The company completed a $7,900 million debt refinancing, extending maturities and improving capital structure [7] - The acquisition of Direct Corporation is expected to advance the development of a treatment for alcohol hepatitis, pending certain conditions [17][18] Q&A Session Summary Question: Share buybacks and DTC efforts with XIFAXAN - Management indicated that share buybacks are still under evaluation but have taken a back seat to reinvestment in the business [39] - The focus for DTC investments is currently on the OHE indication, with significant growth in patient starts [41] Question: Rifaximin franchise and SSD trials - Management confirmed that lactulose background therapy is allowed in the SSD trials and emphasized the opportunity for expansion in the patient population [46][48] Question: XIFAXAN potential ROA headwinds in 2027 - Management acknowledged ongoing negotiations regarding XIFAXAN and the potential for significant price cuts, while emphasizing efforts to minimize impact [51][63] Question: Direct Corporation acquisition details - Management expressed confidence in the Direct acquisition, highlighting the potential for addressing unmet medical needs in hepatology [55] Question: Rifaximin SSD differentiation and off-label use - Management stated that the SSD formulation is different and does not plan to run head-to-head trials at this time [60]