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LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank
Prnewswire· 2025-10-01 14:00
Core Insights - LiftHigh Crane & Rigging, LLC has secured a revolving credit facility with Cadence Bank, marking a significant milestone in the company's growth and expansion [1][2] - The credit facility will provide LiftHigh with additional liquidity and flexibility to execute its growth strategy, enhancing service capabilities for various projects across Texas and beyond [2] Company Overview - LiftHigh Crane & Rigging was founded in 2025 and offers safe, reliable, and efficient lifting solutions, supported by a new fleet of Liebherr and Tadano cranes ranging from 18 to 770 tons [2] - The company serves commercial, industrial, infrastructure, and energy projects, emphasizing safety, service, and respect as its core competencies [2] Partnership Details - Cadence Bank has expressed excitement about the partnership, highlighting its commitment to supporting LiftHigh's growth and the creation of jobs and economic opportunities in the community [2] - The partnership is seen as a testament to the strong relationship between LiftHigh and Cadence Bank, with both parties looking forward to future growth [1][2]
Discovery Announces Agreement for US$250 Million Revolving Credit Facility
Globenewswire· 2025-09-15 11:30
Core Viewpoint - Discovery Silver Corp. has secured a revolving credit facility of up to US$250 million, with an additional US$100 million available, to enhance its financial capacity and support growth initiatives in Canada and Mexico [1][2]. Financial Agreement - The revolving credit facility will mature on September 15, 2028, and is intended for general corporate and working capital purposes, including future investments [2]. - The facility is secured by all assets of the company and its material subsidiaries, with advances subject to customary conditions precedent [2]. Loan Terms - The facility includes term Secured Overnight Financing Rate (Term SOFR) loans with interest rates ranging from 2.50% to 3.50% per annum, based on the company's consolidated net leverage ratio [3]. - US dollar base rate loans will have interest rates ranging from 1.50% to 2.50% per annum, also dependent on the company's consolidated net leverage ratio [3]. - The undrawn portion of the facility incurs a standby fee between 0.563% and 0.788% per annum, based on the company's consolidated net leverage ratio [3]. Strategic Moves - Following the agreement, the company will terminate an existing US$100 million senior debt facility with Franco-Nevada GLW Holdings Corp., which remained undrawn at the time of termination [4]. Company Overview - Discovery Silver Corp. is focused on precious metals in North America, with significant exposure to silver through its Cordero project, one of the largest undeveloped silver deposits globally [5]. - The company has recently transformed into a Canadian gold producer by acquiring the Porcupine Complex, enhancing its operational footprint in a renowned gold camp in Ontario [5].
LENDINGTREE ANNOUNCES CLOSING OF $475 MILLION CREDIT FACILITY
Prnewswire· 2025-08-22 12:32
Core Viewpoint - LendingTree, Inc. has successfully closed a $475 million credit facility, which includes a $400 million five-year Term Loan B and a $75 million revolving credit facility, enhancing its financial structure and operational flexibility [1][2][3] Financing Details - The new financing replaces the existing Term Loan B due 2028 and the loan agreement with Apollo, providing significant benefits to the company's capital structure [1][2] - The facility is led by Bank of America and Truist Securities, offering a simplified and cost-efficient debt profile [2] - Key terms include interest rates of SOFR + 450 basis points for the term loan and SOFR + 350 basis points for the revolver, with a potential 25-basis point reduction upon achieving a B2 rating from Moody's [6] Strategic Implications - The refinancing is viewed as a strategic move to strengthen the balance sheet, allowing the company to pursue growth opportunities and enhance long-term shareholder value [3] - The new facility reduces restrictive covenants, including the removal of minimum cash and AEBITDA requirements, and restores the ability to repurchase shares and make strategic investments [6] - The proceeds will be used for refinancing existing debt and general corporate purposes, enhancing liquidity and operational flexibility [6]
Great Elm Capital Corp. Announces Amended and Upsized Revolving Credit Facility
Globenewswire· 2025-08-13 12:00
Core Viewpoint - Great Elm Capital Corp. has amended its revolving credit facility with City National Bank, increasing its borrowing capacity and reducing interest rates, which reflects the company's strong operational performance and enhances its financial flexibility [1][2]. Group 1: Credit Facility Amendment - The borrowing capacity under the Revolving Credit Facility has been increased from $25.0 million to $50.0 million, with the potential to reach a maximum of $90.0 million under certain conditions [1]. - The interest rate on the Revolving Credit Facility has been reduced from SOFR plus 3.00% to SOFR plus 2.50% [1]. Group 2: Management Commentary - The CEO of Great Elm Capital Corp. expressed satisfaction with the amendment, highlighting it as a testament to the company's growing capital base and operational performance since the initial commitment in 2021 [2]. - The amendment is seen as a strategic move to reduce borrowing costs and enhance the company's ability to fund attractive investment opportunities with favorable risk-adjusted returns [2]. Group 3: Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses and CLOs [3].
Agfa-Gevaert NV signs new revolving credit facility - Regulated information - Contains inside information
Globenewswire· 2025-08-01 16:00
Core Viewpoint - Agfa-Gevaert NV has signed a new €180 million revolving credit facility for three years, aimed at supporting working capital and general corporate purposes, replacing an existing facility set to expire in May 2026 [1] Financial Details - The new facility includes financial covenants such as leverage, interest cover, minimum adjusted EBITDA, and minimum liquidity, which will be tested quarterly or semi-annually [2] - The financial covenants are based on net financial debt excluding IFRS 16 and adjusted EBITDA calculated over the last 12 months [2][3] Institutional Arrangement - The new revolving credit facility has been arranged by a consortium of four financial institutions: BNP Paribas Fortis SA/NV, KBC Bank NV, Belfius Bank SA/NV, and ING Belgium SA/NV [3] Company Overview - Agfa-Gevaert Group is a prominent player in imaging technology with nearly 160 years of experience, serving sectors such as healthcare, printing, green hydrogen, and specific industrial applications [5] - In 2024, the Group reported a turnover of €1,138 million [5]
L.B. Foster Increases Borrowing Capacity & Extends Maturity Date
ZACKS· 2025-07-01 13:35
Core Insights - L.B. Foster Company (FSTR) has entered into a Fifth Amended and Restated Credit Agreement, extending the maturity date to June 27, 2030, increasing borrowing capacity to $150 million, and improving pricing and covenants [1][7] Group 1: Credit Agreement Details - The Credit Agreement can be utilized for working capital financing, capital expenditures, letters of credit, approved acquisitions, and general company purposes [2] - The terms of the agreement lower overall finance costs and reduce constraints, enhancing borrowing capacity, which aligns with the company's objectives for profitability and growth [2][7] Group 2: Growth Prospects - The company is optimistic about growth in its key platforms, Rail Technologies and Precast Concrete, and the new facility structure provides necessary flexibility and capacity for continued growth [3][7] Group 3: Market Performance - Shares of FSTR have increased by 7.3% over the past year, contrasting with a 29.3% decline in its industry [4]
METALLA ANNOUNCES REVOLVING CREDIT FACILITY OF UP TO $75 MILLION AND RETIREMENT OF BEEDIE FACILITY
Prnewswire· 2025-06-25 11:00
Core Viewpoint - Metalla Royalty & Streaming Ltd. has secured a $40 million revolving credit facility with Bank of Montreal and National Bank Financial, enhancing its financial flexibility and reducing capital costs without equity dilution [1][2][3] Group 1: Credit Facility Details - The revolving credit facility allows Metalla to borrow up to $40 million, with an accordion feature for an additional $35 million, subject to certain conditions [1][3] - The facility has an initial term of 3 years, extendable annually by mutual agreement [6] - The company has drawn down $13.1 million from the facility to fully repay its existing C$50 million convertible loan facility with Beedie Investments [4][5] Group 2: Financial Implications - The new facility is expected to lower the company's cost of capital and provide the balance sheet strength to pursue larger, accretive transactions [2][6] - Interest rates for the facility will vary based on the type of advances, with USD Base Rate Advances and Term Benchmark Advances linked to the Secured Overnight Financing Rate (SOFR) plus a margin [6] - The undrawn portion of the facility incurs a standby fee ranging from 0.56% to 0.79% per annum, depending on the company's leverage ratio [6] Group 3: Company Background - Metalla focuses on acquiring royalties and streams in the gold, silver, and copper sectors, aiming to increase shareholder value through a diversified portfolio [7] - The company is positioned to become a leading emerging mid-tier royalty and streaming company, supported by a strong asset base and experienced management [2][7]
Inspired Announces Private Placement of £270 Million Senior Secured Notes and New £17.8 Million Credit Facility
Globenewswire· 2025-06-09 20:15
Core Viewpoint - Inspired Entertainment, Inc. has successfully completed a private placement of £270 million in senior secured notes due 2030 and established a new £17.8 million revolving credit facility, aimed at refinancing existing debt and supporting general corporate purposes [1][3]. Financing Details - The 2030 Senior Secured Notes will have a floating interest rate linked to SONIA, with a margin of 550 to 600 basis points, maturing on June 9, 2030 [2]. - The new Revolving Credit Facility will also have a floating interest rate based on SONIA, with a margin of 325 to 375 basis points, maturing on December 9, 2029 [2]. Use of Proceeds - Proceeds from the 2030 Senior Secured Notes will be used to redeem existing £235 million senior secured notes due June 1, 2026, repay £15 million in loans from the previous revolving credit facility, cover refinancing fees, and for general corporate purposes [3]. Company Overview - Inspired Entertainment, Inc. provides a diverse portfolio of gaming content, technology, hardware, and services across various regulated markets, operating in approximately 35 jurisdictions worldwide [6]. - The company supports around 50,000 gaming machines and offers virtual sports products through over 32,000 retail venues, along with interactive games for more than 170 websites [6].
Chicago Atlantic BDC, Inc.(LIEN) - 2024 Q4 - Earnings Call Presentation
2025-03-31 12:55
Fourth Quarter and Full Year 2024 Earnings Presentation March 31, 2025 Disclaimers and Forward-Looking Statements The information contained in this presentation should be viewed in conjunction with the earnings conference call of Chicago Atlantic BDC, Inc. (the "Company") (Nasdaq: LIEN) held on March 31, 2025, and the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The information contained herein may not be used, reproduced or distributed to others, in whole or in part, for any o ...