MONTREAL, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Knight Therapeutics Inc. (TSX: GUD) ("Knight" or “the Company”), a pan-American (ex-US) specialty pharmaceutical company, announced today that it has closed the syndication of its US$100 million secured revolving credit facility (“the Credit Facility”). On June 17, 2025, Knight had announced that it had closed a US$50 Million revolving credit facility with National Bank of Canada (“NBC”) and initiated a syndication process to increase the size of the facility. As ...

Core Points - OppFi Inc. has closed a new $150 million revolving credit facility, replacing a prior facility, which is expected to significantly improve financing costs with a reduction in the interest rate from SOFR + 7.5% to SOFR + 6.0% [1][2] - The new credit facility is aimed at supporting the company's growth in receivables and enhancing access to credit for underserved Americans [2] Company Overview - OppFi is a tech-enabled digital finance platform that partners with banks to provide financial products and services to everyday Americans, focusing on financial inclusion and customer experience [3] - The company has a high customer satisfaction rating, maintaining a 4.4/5.0 star rating on Trustpilot based on over 5,200 reviews [3] - OppFi holds a 35% equity interest in Bitty Holdings, LLC, which offers revenue-based financing and working capital solutions to small businesses [3]

Core Points - Enact Holdings, Inc. has announced a new $435 million five-year senior unsecured revolving credit facility, effective September 30, 2025, replacing the previous $200 million facility [1][2] - The new credit facility enhances borrowing capacity and extends the maturity profile, providing greater financial flexibility and liquidity for operations [2] - Borrowings will accrue interest at a floating rate tied to a short-term borrowing index plus a margin currently set at 125 basis points [2] - The facility was arranged with a syndicate of eight banks, with JPMorgan Chase Bank, N.A. as the Administrative Agent and Joint Lead Arranger [3] Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading private mortgage insurance provider in the U.S. [5] - The company aims to help more individuals achieve homeownership by partnering with lenders to provide service, underwriting expertise, and risk management [5] - Enact is headquartered in Raleigh, North Carolina, and has been in operation since 1981 [5]

Core Viewpoint - Verano Holdings Corp. has successfully closed a $75 million revolving credit facility, drawing $50 million to retire existing higher interest rate debt, thereby strengthening its financial position and enabling future strategic initiatives [1][3][4]. Group 1: Credit Facility Details - The revolving credit facility is secured by selected real estate and offers benefits such as lower cost debt, payoff and redraw flexibility, and the option to release certain real estate as collateral [2][7]. - The facility has a floating annual interest rate equal to SOFR plus 6%, with a 4% SOFR floor, and matures on September 29, 2028, allowing for repayment in increments of $2.5 million [7]. Group 2: Company Strategy and Market Position - The closing of the credit facility is part of the company's strategy to fortify its balance sheet and leverage owned real estate to capitalize on future market opportunities [3]. - Verano is recognized as one of the leading companies in the U.S. cannabis industry, operating in 13 states with 15 production facilities and over 1.1 million square feet of cultivation capacity [5]. Group 3: Industry Context - Chicago Atlantic, the agent for the credit agreement, highlighted that this revolving credit facility is likely the largest of its kind among U.S. cannabis operators, reflecting Verano's strength in the market [4][6].

Core Insights - Gray Media, Inc. has increased its revolving credit facility commitments by $50 million, bringing the total to $750 million, and extended the maturity date to December 1, 2028 [1][2] - The company has $700 million of undrawn availability under the revolving credit facility after repaying $402.5 million of its term loan F with proceeds from a $900 million offering of senior secured second lien notes [2] - Gray Media is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households, with a significant portfolio of top-rated stations [3] Financial Details - The company’s revolving credit facility now totals $750 million, with a maturity extension to December 1, 2028 [1] - Following the repayment of $402.5 million of Term Loan F, the outstanding balance is now $90 million [2] - The company has raised $900 million through the issuance of 9.625% senior secured second lien notes due 2032 [2] Company Overview - Gray Media, Inc. operates in 113 television markets and owns the largest Telemundo Affiliate group with 44 markets [3] - The company also includes Gray Digital Media, which provides advanced digital marketing strategies [3] - Additional media properties include video production companies and studio production facilities [3]

Core Viewpoint - Genco Shipping & Trading Limited has successfully closed a $600 million revolving credit facility, enhancing its financial flexibility to pursue growth opportunities in the drybulk shipping sector [1][3]. Financial Flexibility - The new credit facility increases Genco's borrowing capacity by 50%, from $400 million to $600 million [6]. - The repayment profile is set for 20 years with no commitment reductions until March 31, 2027, allowing Genco to maintain full borrowing capacity for an extended period [6]. - The margin for the credit facility has been reduced to a range of 1.75% to 2.15%, down from the previous range of 1.85% to 2.15% [4][6]. - The commitment fee on undrawn amounts has decreased from 40% of margin to 35% of margin [4][6]. Strategic Positioning - Genco has $100 million of debt outstanding and $500 million of undrawn revolver availability, positioning the company to renew and grow its asset base [4][6]. - The credit facility structure aligns with Genco's capital allocation strategy, which focuses on dividends, deleveraging, and growth [3][6]. - The accordion feature of the facility allows for an additional borrowing capacity potential of $300 million [6]. Market Outlook - The company maintains a positive outlook on the drybulk market, citing solid supply-side fundamentals [3]. - Genco's fleet consists of 42 vessels with an average age of 12.6 years and an aggregate capacity of approximately 4,446,000 deadweight tons (dwt) [7].

Core Points - Koppers Holdings Inc. has successfully extended the maturity date of its $800 million revolving credit facility to June 17, 2030, or 91 days prior to the maturity date of its secured term loan facility [1][2] - The transaction modifies the total net leverage ratio financial covenant, increasing the test from 4.50:1.00 to 4.75:1.00 through the life of the deal [2] - The interest rate margins on the Revolving Facility have been adjusted by removing a 10 basis points credit spread adjustment for certain SOFR loans [2] - All other material terms and conditions of the Revolving Facility remain unchanged [3] - The CFO expressed satisfaction with the extension, highlighting its role in strengthening the company's capital position and enhancing financial flexibility [3] Company Overview - Koppers is an integrated global provider of treated wood products, wood preservation technologies, and carbon compounds, employing 2,100 people [4] - The company focuses on creating and preserving essential infrastructure elements, including railroad crossties and utility poles, while innovating to meet future needs [4]

Core Viewpoint - Knight Therapeutics Inc. has secured a revolving credit facility with National Bank of Canada to support its growth strategy and acquisition plans, particularly for the Paladin acquisition [1][2][4]. Group 1: Credit Facility Details - The initial borrowing limit of the credit facility is up to US$50 million, with plans to increase it to at least US$100 million plus an accordion of US$50 million within the next six months [2][5]. - The credit facility can be drawn in either USD or CAD at the SOFR or CORRA rate plus a margin of 1.25% to 2.75%, depending on the company's debt leverage [3]. - The facility has an initial term of three years, extendable annually, and includes customary financial and non-financial covenants [2][3]. Group 2: Company Strategy and Leadership Statements - The credit facility is intended to enhance the company's operational strength and balance sheet, enabling it to pursue acquisition opportunities and support business growth in Latin America and Canada [4][5]. - The CFO of Knight Therapeutics expressed that the facility will optimize the capital structure and provide necessary funding for growth [5].

Core Insights - Advanced Flower Capital Inc. (AFC) has expanded its senior secured revolving credit facility to $50 million, with an additional $20 million commitment from its Lead Arranger, an FDIC-insured bank with over $75 billion in assets [1][2] - The funds from the credit facility will be used to support existing borrowers, originate and participate in commercial loans to cannabis operators, and for general corporate purposes [1] - The credit facility has the potential to be expanded to $100 million, depending on lender participation and available borrowing base [1] Company Overview - Advanced Flower Capital Inc. is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. [3] - The company specializes in originating, structuring, and underwriting loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value, and cash flows [3] - AFC is based in West Palm Beach, Florida, and leverages a deep network and significant expertise in credit and cannabis to execute its investment strategy [3]