Corporate Financing
Search documents
Rua Gold Announces $25 Million Financing
Globenewswire· 2026-01-21 21:40
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES VANCOUVER, British Columbia, Jan. 21, 2026 (GLOBE NEWSWIRE) -- RUA GOLD Inc. ("RUA" or the "Company") (TSXV: RUA) (OTCQB: NZAUF) is pleased to announce a brokered and non-brokered financing for up to $25 million to advance exploration and development activities at the Company’s Reefton Project and Glamorgan Project, both located in New Zealand. Brokered Offering The Company is pleased to announce that it has entered into an agreeme ...
Rua Gold Announces $25 Million Financing
Globenewswire· 2026-01-21 21:40
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES VANCOUVER, British Columbia, Jan. 21, 2026 (GLOBE NEWSWIRE) -- RUA GOLD Inc. ("RUA" or the "Company") (TSXV: RUA) (OTCQB: NZAUF) is pleased to announce a brokered and non-brokered financing for up to $25 million to advance exploration and development activities at the Company’s Reefton Project and Glamorgan Project, both located in New Zealand. Brokered Offering The Company is pleased to announce that it has entered into an agreeme ...
Hubbell Incorporated Prices Offering of Senior Notes Due 2035
Globenewswire· 2025-10-30 20:05
Core Viewpoint - Hubbell Incorporated has successfully priced an offering of $400 million in senior notes with a 4.80% interest rate, maturing in 2035 [1] Group 1: Offering Details - The offering is expected to close on November 14, 2025, pending customary closing conditions [2] - Net proceeds from the offering will be used to fully redeem the outstanding 3.350% Senior Notes due 2026, also amounting to $400 million, and to cover any premium and accrued interest [2] - BofA Securities, HSBC Securities, and J.P. Morgan Securities are acting as joint book-running managers for the offering [3] Group 2: Company Overview - Hubbell Incorporated is a leading manufacturer of utility and electrical solutions, with 2024 revenues reported at $5.6 billion [6] - The company is headquartered in Shelton, Connecticut, and focuses on enabling customers to operate critical infrastructure safely and efficiently [6]
Blackstone’s Private Credit Line to Dropbox Raised to $2.7 Billion
Yahoo Finance· 2025-09-09 15:11
Core Insights - Dropbox is increasingly relying on direct lenders for financing, reflecting a broader trend among public companies [1][4] - Blackstone Inc. has expanded its private credit line for Dropbox to $2.7 billion, following an initial $2 billion deal [2][3] - Dropbox has increased its leverage by $700 million and authorized a new $1.5 billion stock buyback plan [3][5] Financing Details - The new financing includes a $700 million delayed draw secured term loan, which may be used to repay outstanding convertible senior notes due in 2026 [3] - The expanded credit line maintains a $1 billion delayed-draw feature and is structured similarly to the original loan [5] Market Context - Dropbox's stock has risen less than 3% this year, while the broader market has increased by approximately 10%, indicating competitive pressures [5]
MARA Holdings, Inc. Completes Upsized $950 Million Offering of 0.00% Convertible Senior Notes due 2032
Globenewswire· 2025-07-28 12:05
Core Viewpoint - MARA Holdings, Inc. has successfully closed an upsized offering of $950 million in 0.00% convertible senior notes due 2032, with net proceeds of approximately $940.5 million expected to be utilized for various corporate purposes, including acquiring additional bitcoin and repaying debt [1][2]. Group 1: Offering Details - The offering included an option for initial purchasers to buy an additional $200 million in notes within a 13-day period [1]. - The notes are unsecured and will not bear regular interest, with special interest payable under certain conditions starting February 1, 2026 [3]. - The notes will mature on August 1, 2032, and can be redeemed by MARA under specific conditions starting January 15, 2030 [3][4]. Group 2: Use of Proceeds - Approximately $18.3 million of the net proceeds will be used to repurchase $19.4 million of 1.00% convertible senior notes due 2026 [2]. - About $36.9 million will cover costs related to capped call transactions with initial purchasers [2]. - The remaining proceeds will be allocated for acquiring bitcoin, working capital, strategic acquisitions, and debt repayment [2]. Group 3: Conversion and Redemption Features - The notes are convertible into cash, shares of MARA's common stock, or a combination thereof, with an initial conversion rate of 49.3619 shares per $1,000 principal amount [5][6]. - Holders can require MARA to repurchase their notes under certain conditions, including if the stock price falls below the conversion price [4]. - The conversion rate is subject to adjustments based on specific events [6]. Group 4: Market Impact and Hedging - The repurchase of the 1.00% 2026 convertible notes may lead to significant market activity as hedged holders unwind their positions, potentially affecting MARA's stock price [7][8]. - Capped call transactions are expected to mitigate dilution upon conversion of the notes, with an initial cap price of approximately $24.14 per share [9][10]. - Initial hedging activities related to the capped call transactions may also influence the market price of MARA's common stock [11].
Aya Gold & Silver Closes Bought Deal Offering with Full Exercise of Over-Allotment Option for Gross Proceeds of $143.8 Million
Globenewswire· 2025-06-18 13:24
Core Viewpoint - Aya Gold & Silver Inc. has successfully closed an upsized underwritten public offering of common shares, raising approximately $143.75 million at a price of $13.35 per share, including the full exercise of the over-allotment option [1][4]. Group 1: Offering Details - The offering was led by Desjardins Capital Markets as the sole bookrunner, with National Bank Financial Inc. and BMO Capital Markets as co-lead underwriters, supported by a syndicate of other underwriters [2]. - The offering was completed through a prospectus supplement to the short form base shelf prospectus dated June 10, 2025, which was filed on June 12, 2025 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes [3]. Group 3: Company Position - Following the financing, the company is in its strongest liquidity position to date, allowing it to unlock the value of the Boumadine project while maintaining strong operational performance at Zgounder [4]. - Aya Gold & Silver Inc. is a rapidly growing silver producer based in Canada, operating the high-grade Zgounder Silver Mine in Morocco and exploring properties along the South-Atlas Fault [6].
General Motors Prices $2.0 Billion of Senior Unsecured Notes
Prnewswire· 2025-05-05 21:22
Core Viewpoint - General Motors (GM) has announced the pricing of three series of senior unsecured fixed rate notes totaling $2.0 billion, aimed at refinancing existing debt and funding a joint venture with LG Energy Solution [1][2]. Group 1: Financial Details - GM is issuing $750 million of 5.350% notes due in 2028, $750 million of 5.625% notes due in 2030, and $500 million of 6.250% notes due in 2035 [1]. - The offering is expected to settle on May 7, 2025 [1]. - The net proceeds will be used to refinance a portion of $1.25 billion of 6.125% senior notes maturing on October 1, 2025, and to fund part of a $1.8 billion five-year term loan to Ultium Cells LLC [2]. Group 2: Regulatory and Investor Information - GM has filed a registration statement with the SEC, including a prospectus and preliminary prospectus supplement for the offering [3]. - Prospective investors are encouraged to review the prospectus and other documents filed with the SEC for comprehensive information [3]. Group 3: Company Overview - GM is focused on advancing transportation technology to create safer, smarter, and lower-emission vehicles, including a wide range of electric vehicles (EVs) [5].