Proceeds from the upsized offering of senior unsecured notes to be used to fully repay borrowings under the senior secured term loan facility with remaining net proceeds, together with cash on hand, to be used to redeem $2.4 billion of 5.750% senior unsecured notes due 2027MIAMI, July 7, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the "Company") priced its private offering (the "Notes Offering") of $3.0 billion aggregate principal amo ...

Core Viewpoint - Carnival Corporation & plc has successfully closed a private offering of €1.0 billion in senior unsecured notes, which will be used to repay existing borrowings and enhance its capital structure [1][2]. Group 1: Financial Details - The offering consists of 4.125% senior unsecured notes due in 2031, with interest payments starting on July 15, 2026 [2]. - Proceeds will be utilized to fully repay borrowings under the 2027 Term Loan Facility and partially repay borrowings under the 2028 Term Loan Facility [1]. - The company made a prepayment of $450.0 million towards the 2027 Term Loan Facility on June 27, 2025, as part of its deleveraging strategy [1]. Group 2: Investment Grade Status - The company is one notch away from achieving an investment grade credit rating, and this transaction is a step towards that goal [2]. Group 3: Offering Details - The notes were offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S [3]. - The notes are not registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption [4]. Group 4: Company Overview - Carnival Corporation & plc is the largest global cruise company and one of the largest leisure travel companies, operating a portfolio of well-known cruise lines [6].

ZENVIA New Strategic Cycle 1Q 2025 Earnings Presentation Key Key Key Shay Chor Financial CFO Highlights Q1: Strong top-line growth and G&A efficiencies did not offset margin pressure 43 43 56.4% 53.7% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 0.0 20.0 40.0 Q1 2024 Q1 2025 23 31 17% 14% 0 0% 10 20 30 Q1 2024 Q1 2025 24 20 0 20 40 Q1 2024 Q1 2025 94 74 44.0% 25.1% 10.0% 30.0% 50.0% 70.0% 0.0 50.0 100.0 Q1 2024 Q1 2025 213 296 Q1 2024 Q1 2025 Net Revenues (BRL MM) G&A Expenses and G&A-to-Revenues (BRL MM & %) EBITDA ...

UK house prices have gone nowhere in nominal terms since the peak in late 2022, and they've fallen relative to wages and consumer prices. Has the market achieved what hedge fund billionaire Ray Dalio might call a "beautiful deleveraging"? https://t.co/uMwLTOPJiU ...

Core Insights - Equinox Gold Corp. (EQX) has a robust financial position with significant cash flows, supporting its development projects and liquidity [1][6] - The Greenstone mine is a key asset, expected to produce approximately 390,000 ounces of gold annually at full capacity [2][6] - The company plans to pursue deleveraging in the second half of 2025, leveraging strong cash flow generation [1][6] Financial Position - EQX ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, indicating strong liquidity [1][6] - B2Gold Corp. (BTG) reported cash and cash equivalents of $330 million and $800 million available for future drawdowns under its credit facility [3] - Eldorado Gold Corporation (EGO) had $978 million in cash and $241 million in available credit, totaling around $1.2 billion in liquidity [4] Production and Growth - The ramp-up at the Greenstone mine is currently underway, targeting an annual production of 390,000 ounces of gold [2][6] - The recent business combination with Calibre Mining Corp. is expected to enhance production growth and cash flow for EQX [2] Valuation and Market Performance - EQX is trading at a forward 12-month earnings multiple of 7.83, which is about 40.5% lower than the industry average of 13.17 [8] - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending down recently [9]

Key Takeaways MAC acquired Crabtree Mall, a 1.3M sq. ft. retail hub in Raleigh, NC, for $290M to boost portfolio strength. The mall draws 8.7M annual visitors and $429M in sales, aiding MAC's leasing and NOI accretion goals. MAC plans to invest $60M in redevelopment to drive performance and leasing momentum at the center.The Macerich Company (MAC) recently announced the buyout of Crabtree Mall, a Class A retail center spanning roughly 1.3 million square feet in Raleigh, NC, for $290 million. The acquisiti ...

Core Viewpoint - IAMGOLD Corporation has successfully completed the final delivery of gold ounces under its gold prepay arrangements, concluding a total of 150,000 ounces as part of a financing package for the Côté Gold construction [1][2]. Company Overview - IAMGOLD is an intermediate gold producer based in Canada, operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3]. - The company commenced production at Côté Gold on March 31, 2024, in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be one of the largest gold mines in Canada [3]. - IAMGOLD employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Financial Impact - The conclusion of the gold prepay arrangements is seen as a significant cash flow inflection point for IAMGOLD, with an estimated cash flow of approximately $200 to $225 million that the company would have received in the first half of 2025 if the arrangements were not in place [2]. - The company delivered the remaining 75,000 ounces of gold under the arrangements, with only a portion exposed to gold price fluctuations [2]. Strategic Timing - The conclusion of the arrangements coincides with the Côté Gold Mine reaching nameplate throughput, and expectations of improved operating results across all assets in the second half of the year [2]. - The current favorable gold price environment positions the company to generate stronger free cash flows and initiate a disciplined deleveraging strategy [2].

Key Takeaways Agnico Eagle cut net debt by $212M in Q1, reducing total net debt to just $5M by quarter's end. Strong free cash flow of $594M, up around 50% YOY, fueled AEM's aggressive deleveraging push. AEM's low debt profile boosts its ability to reinvest, fund growth and drive shareholder returns.Agnico Eagle Mines Limited (AEM) has made impressive strides in fortifying its balance sheet, underscoring its commitment to financial discipline. It remains focused on paying down debt using excess cash, havi ...

Core Insights - Global Net Lease, Inc. (GNL) has completed the final phase of its multi-tenant portfolio sale, generating approximately $313 million in gross proceeds, bringing the total to $1.8 billion [1][2] - The sale simplifies GNL's portfolio, transitioning it to a pure-play net lease owner and operator, expected to yield approximately $6.5 million in recurring annual G&A savings [2][3] - The CEO of GNL emphasized that divesting multi-tenant assets has strengthened the company's balance sheet and improved liquidity, with a focus on achieving an investment-grade credit rating [3] Financial Impact - The third phase of the portfolio sale generated $313 million, contributing to a total of $1.8 billion from the entire portfolio sale [1] - GNL plans to use the net proceeds to reduce leverage by paying down the outstanding balance on its Revolving Credit Facility [1] - The transition to a single-tenant net lease model is expected to create significant operational efficiencies and reduce annual capital expenditures [2] Strategic Focus - The completion of the multi-tenant portfolio sale marks GNL's evolution into a pure-play single-tenant net lease company, enhancing operational streamlining and portfolio quality [3] - The company aims to lower its cost of capital and increase financial stability through improved credit ratings [3] - GNL's strategic focus is on acquiring and managing income-producing net lease assets across the U.S. and Europe [4]

SAN FRANCISCO, June 16, 2025 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—on June 13, 2025, paid the remaining $26,749,000 in aggregate principal amount of its 3% Convertible Senior Notes due 2025 (“2025 Notes”). The RealReal has reduced indebtedness by a total of $63 million year to date and $81 million over the last 16 months. Ajay Gopal, The RealReal’s Chief Financial Officer, stated, “The paydown of our remaining 2025 Notes ...