Lien | Jotup

Staples, Inc. Announces Early Exchange Results of Exchange Offer for Outstanding 10.75% Senior Notes due 2027 and Consent Solicitation and Changes to the Late Exchange Consideration

Retrieved on:

Donnerstag, Mai 23, 2024

Such CUSIP numbers and ISINs are provided solely for the convenience of the Eligible Holders of Old Notes.

Key Points:

Such CUSIP numbers and ISINs are provided solely for the convenience of the Eligible Holders of Old Notes.
The Early Exchange Consideration and the Late Exchange Consideration, as applicable, will be paid on the Settlement Date.
The Exchange Notes will only be issued in minimum principal denominations of $2,000 and integral multiples of $1.00 in excess thereof.
King & Co., Inc. has been appointed as the exchange agent and information agent for the Exchange Offer and Consent Solicitation.

Staples, Inc. Announces Commencement of Exchange Offer for Outstanding 10.75% Senior Notes due 2027 and Consent Solicitation

Retrieved on:

Freitag, Mai 10, 2024

Retail, Office Products, Debt-to-GDP ratio, Exchange offer, ABL, Sponsor, Exchange, Consent, First Option, Solicitation, Expiration, Senior, Old, Judgement, Staples Inc., Lien, Partial, Note, Security (finance)

Therefore, the Company expects to have the necessary Consents to adopt the Proposed Amendments, assuming the consummation of the Exchange Offer and Consent Solicitation.

Key Points:

Therefore, the Company expects to have the necessary Consents to adopt the Proposed Amendments, assuming the consummation of the Exchange Offer and Consent Solicitation.
Each Eligible Holder that tenders Old Notes into the Exchange Offer will be deemed to have given its Consent to the Proposed Amendments with respect to those tendered Old Notes.
The Early Exchange Time or the Expiration Date with respect to the Exchange Offer and Consent Solicitation can be extended independently of the Withdrawal Deadline for the Exchange Offer and Consent Solicitation.
The following table sets forth the Early Exchange Consideration and Late Exchange Consideration to be offered to Eligible Holders of the Old Notes in the Exchange Offer:

RadNet Announces Closing of its Previously Announced Term Loan and Revolving Credit Facility Refinancing Transaction

Retrieved on:

Donnerstag, April 18, 2024

Lien, National Association, J. P. Morgan, Barclays, Banco Santander, RadNet, JPMorgan Chase, Capital One, Wells Fargo, Credit, Bank

LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced the successful closing of the previously announced refinancing of its senior secured first lien term loan facility and senior secured revolving credit facility pursuant to the terms of a Third Amended and Restated First Lien Credit and Guaranty Agreement (the “Third Amended and Restated Credit Agreement”).

Key Points:

LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced the successful closing of the previously announced refinancing of its senior secured first lien term loan facility and senior secured revolving credit facility pursuant to the terms of a Third Amended and Restated First Lien Credit and Guaranty Agreement (the “Third Amended and Restated Credit Agreement”).
The Third Amended and Restated Credit Agreement provides for an $875,000,000 senior secured first lien term loan and a $282,000,000 senior secured revolving credit facility.
The interest rate on the term loan is either, at the election of RadNet, (i) Term SOFR (with a floor of 0%) plus 2.50% or (ii) the prime rate (with a floor of 0%) plus 1.50%, and the maturity date is April 18, 2031 for the term loan.
RadNet’s wholly-owned subsidiary, Radnet Management, Inc. is the borrower under the Third Amended and Restated Credit Agreement.

Audacy Receives Court Approval of Reorganization Plan

Retrieved on:

Dienstag, Februar 20, 2024

Audacy, Inc., (OTC: AUDA) (the “Company” or “Audacy”) announced today that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) approved the Company’s Plan of Reorganization (“the Plan”).

Key Points:

Audacy, Inc., (OTC: AUDA) (the “Company” or “Audacy”) announced today that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) approved the Company’s Plan of Reorganization (“the Plan”).
With the Plan approved, Audacy expects to emerge from the Chapter 11 process after the Company obtains approval from the Federal Communications Commission.
“Today’s announcement marks a powerful step forward for Audacy, positioning the Company for an exciting future,” said David J.
“As expected, we have achieved a speedy confirmation of our prepackaged Plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business.

PennantPark Investment Corporation Announces Financial Results for the Quarter Ended December 31, 2023

Retrieved on:

Mittwoch, Februar 7, 2024

GAAP, Lien, Tax, Investment, Eastern Time Zone, Line of credit, Depreciation, ID, Truist Financial, Core

For the quarter ended December 31, 2023, there were no one-time events, resulting in $0.24 of Core NII.

Key Points:

For the quarter ended December 31, 2023, there were no one-time events, resulting in $0.24 of Core NII.
All callers should reference conference ID #2627395 or PennantPark Investment Corporation.
Set forth below are the results of operations during the three months ended December 31, 2023 and 2022.
During the three months ended December 31, 2023, we declared distributions of $0.21 per share, for total distributions of $13.7 million.

ADT Provides Solar Business Update and Advances Capital Allocation Strategy

Retrieved on:

Mittwoch, Januar 24, 2024

Share repurchase, Increase, ADT, Webcast, Solar, Small business, Lien, BOCA

BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced it will be exiting its residential solar business. The Company will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program.

Key Points:

BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced it will be exiting its residential solar business.
As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program.
As a result of these challenges, the Solar segment generated an Adjusted EBITDA loss of $89 million during this period.
As the Company executes share repurchases, the Board will periodically review the remaining authorization as part of its capital allocation strategy.

Audacy Reaches Agreement with a Supermajority of its Debtholders on Balance Sheet Deleveraging Transaction that Will Equitize Over 80% of the Company’s Debt and Establish a Robust Capital Structure to Drive Long-Term Growth

Retrieved on:

Sonntag, Januar 7, 2024

Through the restructuring, Audacy and its debtholders will undertake a deleveraging transaction to equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million.

Key Points:

Through the restructuring, Audacy and its debtholders will undertake a deleveraging transaction to equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million.
The Company does not expect any operational impact from the restructuring, and trade and other unsecured creditors will not be impaired.
These market factors have severely impacted our financial condition and necessitated our balance sheet restructuring.
Audacy common stock will continue to trade over-the-counter under the symbol “AUDA” through the pendency of the Chapter 11 process.

PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business

Retrieved on:

Montag, Dezember 11, 2023

PHILADELPHIA, Dec. 11, 2023 /PRNewswire/ -- PREIT (OTCQB: PRET), a leading operator of diverse retail and experiential destinations, today announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway. The reorganization plan (the "Prepackaged Plan") is supported by 100% of PREIT's First and Second Lien Lenders. To facilitate this process, the Company has received commitments for new money debtor-in-possession ("DIP") and exit revolver financing in an aggregate amount of approximately $135 million from a diverse group of leading investors, led by Redwood Capital Management, LLC and Nut Tree Capital Management, LP. This funding commitment, together with the unanimous support from the Company's existing lender group for the Prepackaged Plan, is a testament to the lenders' confidence in the Company's forward path and represents a crucial source of capital to support the Company's financial stability and long-term growth.

Key Points:

"We are pleased to be moving forward with strengthening the Company's balance sheet and positioning it for long-term success through this Prepackaged Plan.
The filing will ensure that PREIT can continue all business operations without interruption while it obtains necessary approvals of its financial restructuring.
Under the terms of the Prepackaged Plan, a reorganized PREIT would emerge following the court-supervised process with a restructured balance sheet.
Equity Payment: Existing Preferred and Common Shares of PREIT will be canceled and PREIT will no longer be a publicly traded company.

KBRA Assigns Preliminary Ratings to Last Mile Logistics CMBS 2023-1 UK DAC

Retrieved on:

Freitag, Juli 28, 2023

Professional Services, Finance, KBRA, CMBS, United Kingdom, Lien, Citibank, KLTV, Engineering, Telescopic sight

KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Last Mile Logistics CMBS 2023-1 UK DAC, CMBS single-borrower transaction.

Key Points:

KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Last Mile Logistics CMBS 2023-1 UK DAC, CMBS single-borrower transaction.
The collateral for the transaction is a £289.8 million limited recourse, first lien mortgage loan that is expected to be originated by Citibank, N.A.
Thereafter, the borrowers are required to purchase either a SONIA cap or swap for successive one-year periods until the final repayment date.
The resulting in-trust KBRA Loan to Value (KLTV) is 86.8%.

Technicolor Creative Studios: Progressing towards delivering its recovery plan

Retrieved on:

Montag, April 3, 2023

PARIS (FRANCE), April 3, 2023 – Technicolor Creative Studios (Euronext Paris: TCHCS) (the “Company”) announces today an update of the implementation of its refinancing.

Key Points:

PARIS (FRANCE), April 3, 2023 – Technicolor Creative Studios (Euronext Paris: TCHCS) (the “Company”) announces today an update of the implementation of its refinancing.
New chapter of Technicolor Creative Studios’ Refinancing:
Approval by a judgment of the Commercial Court of Paris dated March 29, 2023, which puts an end to the conciliation procedure opened on January 20, 2023
Caroline Parot, Chief Executive Officer of Technicolor Creative Studios, said: “Reaching an agreement on the refinancing of Technicolor Creative Studios has been pivotal in establishing the foundations of our long-term growth.
I am delighted that the process is progressing well with the execution of a conciliation protocol in line with the established schedule.
We are extremely grateful for the confidence and support of our key creditors and shareholders, as we strive to achieve Technicolor Creative Studios’ full value potential.