Morgan Stanley is sounding out investors for $950 million of leveraged loans to refinance software platform BetaNXT’s debt https://t.co/zN5xJCd8SO ...

-- Company completes refinancing of all existing senior secured debt through a $120 million self-syndicated term loan with leading banks, at an interest rate of 8.3% -- -- Company also complies expansion of its consolidated credit facilities with an additional $33 million second lien term loan with $50 million accordion to support ongoing strategic initiatives -- -- Senior secured debt refinancing is expected to generate more than $10 million in annual interest savings, strengthening the Company’s financial ...

FY 2025 Results Investor Presentation The information contained in this presentation has not been independently verified. In all cases, interested parties should conduct their own investigation and analysis of the information. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, reasonableness, accuracy, completeness or correctness of such information or opinions contained herein. In particular, no inference of any matter whatsoever shall be ...

Core Viewpoint - Commercial Vehicle Group (CVG) successfully refinanced $210 million in senior secured credit facilities, extending maturity to 2030 and enhancing financial flexibility [1][2] Group 1: Refinancing Details - The refinancing includes a $95 million senior secured term loan and a $115 million asset-based revolving credit facility [1] - The term loan matures on June 27, 2030, with interest rates ranging from SOFR plus 8.75% to SOFR plus 10.75% based on leverage ratios [3] - The ABL Facility also matures on June 27, 2030, and is subject to a borrowing base based on US and UK inventory and receivables [5][6] Group 2: Financial Flexibility and Covenants - The new facilities provide funding certainty and increased financial flexibility, supporting cost reductions and operational efficiency [2] - The term loan has a consolidated total leverage ratio covenant starting at 7.25x, with scheduled step-downs to 4.00x by September 30, 2027 [8] - A maximum capital expenditure covenant is set at $20 million per fiscal year, with a sublimit of $10 million for foreign capital expenditures [8] Group 3: Warrants and Additional Information - TCW Group affiliates received five-year warrants for the purchase of up to 3,934,776 shares of common stock at exercise prices of $1.58 and $2.07 [10] - The company is required to file a Current Report on Form 8-K with the SEC to provide further details regarding the transactions [11] - CVG is a global provider of systems and components for the commercial vehicle and electric vehicle markets [12]

Press release June 24, 2025 Clariane has successfully completed a bond issue in the amount of 400 million euros Paris, June 24, 2025 – Clariane (CLARI.PA – ISIN FR0010386334), announces today that it has successfully completed the issuance of an unsecured bond for a total amount of 400 million euros, maturing in 5 years (27 June 2030), contributing to extension of the average maturity of its debt, with an annual coupon of 7.875%. This bond issue has attracted significant interest from a large number of Tier ...

MINNEAPOLIS, June 17, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF), today announced a series of corporate updates following the closing of all its previously-announced definitive merger agreements, which transformed the Company into one of the largest U.S. multi-state cannabis operators and expanded the Company’s portfolio to six states with active operations. The Company announced that it expects pro forma revenue and adjusted EBITDA for the second quarter ...

-Pursuit of Comprehensive Refinancing to Further Enhance Capital Flexibility Continues-SAN DIEGO, June 16, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the “Company”), a leading gaming accessories brand, today announced that it has secured a waiver under its existing debt agreement, allowing for share repurchases of up to $5 million prior to June 30, 2025 pursuant to its new $75 million authorization announced on May 8th. This action reflects the Company’s continued commitment to return ...

Core Viewpoint - Xometry, Inc. successfully closed a $250 million offering of 0.75% Convertible Senior Notes due 2030, enhancing its financial flexibility and supporting its growth initiatives in the manufacturing sector [1][2]. Transaction Overview - The offering included the full exercise of an option for an additional $25 million, aimed at qualified institutional buyers under Rule 144A of the Securities Act [1][3]. - The proceeds will be used to retire approximately $202 million of existing convertible notes due in 2027, effectively refinancing the company's debt at improved terms [4][5]. - The transaction lowers the coupon rate to 0.75% and minimizes potential future dilution for equity shareholders with a 75% conversion premium over the market price on the transaction date [2][4]. Financial Details - The Notes have an interest rate of 0.75% per annum, payable semiannually starting December 15, 2025 [5]. - The initial conversion rate is set at 21.2495 shares of Class A common stock per $1,000 principal amount of Notes, with a conversion price of approximately $47.06, representing a 30% premium to the last reported sale price [5]. - A capped call hedge was purchased with a cap price of $63.35, which is a 75% premium over the last reported sale price on June 9, 2025 [4][5]. Use of Proceeds - Approximately $216.7 million in cash was utilized to repurchase about $201.7 million of outstanding 1.00% Convertible Senior Notes due 2027 [5]. - Around $17.5 million of the net proceeds funded the cost of capped call transactions, and approximately $8 million was used to repurchase 220,994 shares of common stock [5]. Company Background - Xometry operates an AI-powered marketplace that is digitizing the manufacturing industry, providing critical resources for manufacturers and facilitating instant pricing and lead times for buyers [8].

WESTBROOK, Maine, June 04, 2025 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (NASDAQ: SNYR) ("Synergy" or the "Company"), a provider of consumer health care and lifestyle products, announced today that it has entered into a $20 million term loan credit agreement, due May 2029 with ACP Agency, LLC. The proceeds will be used to pay down debt and provide the Company with growth capital. Under the terms of the agreement, the Company received a $15 million term loan at closing, with an interest rate of SOFR plus 8.5%. ...

Core Viewpoint - Clarivate Plc has successfully completed an incremental upsize of its term loan B credit facility, taking advantage of improved credit market conditions to extend the maturity of its 2026 debt [1][3]. Financial Summary - The company incurred a new $500 million tranche of incremental term loans maturing in 2031, with an interest rate margin of 325 basis points per annum, and these loans will not be subject to amortization [2]. - The proceeds from the new term loans were used to redeem $500 million of the outstanding 4.50% senior secured notes due 2026, leaving $200 million of the notes remaining outstanding after the partial redemption [2]. Management Commentary - The Executive Vice President and Chief Financial Officer of the company expressed satisfaction with the ability to extend the majority of the 2026 debt maturity, highlighting the company's strong cash flow and flexibility in capital allocation moving forward [3].