White & Case

Valuence Merger Corp. I Announces Adjournment of Shareholder Meeting to Approve an Extension

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木曜日, 5月 30, 2024

State Street, VMCA, White, White & Case, Extension

I (“Valuence”)(Nasdaq: VMCA), announced today that it has adjourned the extraordinary general meeting (the “Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (the “Extension Amendment Proposal”).

Key Points:

I (“Valuence”)(Nasdaq: VMCA), announced today that it has adjourned the extraordinary general meeting (the “Meeting”) seeking shareholder approval of an extension of the time that it has to consummate an initial business combination (the “Extension Amendment Proposal”).
The Meeting will reconvene at 10:00 a.m. Eastern Time, on Monday, June 3, 2024.
The Meeting will still be held in person at the offices of White & Case LLP, 1221 Avenue of the Americas, New York, NY 10020.
Shareholders may withdraw redemptions at any time until the vote is taken with respect to the Extension Amendment Proposal.

Newegg Kicks Off Summer of Savings with Early Access to Memorial Day Sale

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火曜日, 5月 21, 2024

Memorial Day Weekend is considered the unofficial start of summer with expectations set for outdoor barbecuing, poolside lounging and traveling to sunny locales.

Key Points:

Memorial Day Weekend is considered the unofficial start of summer with expectations set for outdoor barbecuing, poolside lounging and traveling to sunny locales.
Newegg Commerce, Inc. (NASDAQ: NEGG ), a leading global e-commerce company specializing in computers and consumer electronics, today announced that its Memorial Day Sale offers memorable deals on the most in-demand tech products.
View the full release here: https://www.businesswire.com/news/home/20240521602968/en/
Newegg's 2024 Memorial Day Sale has begun.
(Graphic: Newegg)
Newegg’s Memorial Day Sale has deals on products to help fill summer days with entertainment and productivity.

Avangrid to Be Acquired by Iberdrola

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金曜日, 5月 17, 2024

Professional Services, Environmental, Social and Governance (ESG), Utilities, Environment, Sustainability, Alternative Energy, Energy, White, Latham & Watkins, Federal Energy Regulatory Commission, AGR, Committee, White & Case, Morgan Stanley, Security (finance)

Today Avangrid, Inc. (NYSE: AGR) (“Company,” “Avangrid,” “we” or “our”), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. (“Iberdrola”), announced that it has entered into a definitive agreement under which Iberdrola will acquire the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own for $35.75 per share in an all-cash transaction.

Key Points:

Today Avangrid, Inc. (NYSE: AGR) (“Company,” “Avangrid,” “we” or “our”), a leading sustainable energy company, and a member of the group of companies controlled by Iberdrola, S.A. (“Iberdrola”), announced that it has entered into a definitive agreement under which Iberdrola will acquire the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own for $35.75 per share in an all-cash transaction.
Avangrid expects to continue paying regular quarterly cash dividends not to exceed $0.440 per share through the closing of the transaction, including a pro-rated dividend for any partial quarter prior to the closing.
Pedro Azagra, President and Chief Executive Officer of Avangrid commented, “We are excited about Iberdrola’s continued investment in Avangrid and commitment to the United States.
Morgan Stanley & Co. LLC is serving as financial advisor to Iberdrola, and White & Case LLP and Clifford Chance are serving as legal advisors to Iberdrola.

Stonepeak and CHC Form Japanese Battery Energy Storage Platform

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火曜日, 5月 14, 2024

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and CHC, a leading battery energy storage system (“BESS”) project development and electricity data management company headquartered in Singapore, today announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan.

Key Points:

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and CHC, a leading battery energy storage system (“BESS”) project development and electricity data management company headquartered in Singapore, today announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan.
The Stonepeak / CHC platform was recently awarded a 20-year fixed revenue capacity market contract for four BESS projects as part of the Japanese government’s inaugural Long-term Decarbonization Auction.
“As Japan accelerates the development of renewable energy projects to meet its decarbonization goals, energy storage will have a crucial role to play in enhancing the reliability of the Japanese grid,” said Ryan Chua, Senior Managing Director at Stonepeak.
“CHC is committed to Japan’s energy transition, reliable power grids and advancing sustainable solutions.

QMC Telecom International secures $115 million in two credit facilities

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木曜日, 5月 9, 2024

Sidley Austin, LLP, Investment, Partnership, Deutsche Bank, White, Ai, QMC, Infrastructure, Private sector, White & Case, Division, SAN

SAN JUAN, Puerto Rico, May 9, 2024 /PRNewswire/ -- QMC Telecom International Holdings LLC ("QMC" or the "Company"), Latin America's leading digital wireless infrastructure growth platform, announced today the successful closing of two credit facilities totaling $115 million.

Key Points:

SAN JUAN, Puerto Rico, May 9, 2024 /PRNewswire/ -- QMC Telecom International Holdings LLC ("QMC" or the "Company"), Latin America's leading digital wireless infrastructure growth platform, announced today the successful closing of two credit facilities totaling $115 million.
These two loans come on the heels of QMC Telecom do Brasil's R$1.25 billion (~$250 million) debenture offering in late December 2023.
The first credit agreement, a 4-year $50 million loan, was delivered by Deutsche Bank's US Private Credit and Infrastructure team to provide additional liquidity for growth investments in QMC's operating subsidiaries and general corporate expenses.
"The combination of these two multi-jurisdiction credit facilities provides QMC with the necessary flexibility to continue growing our digital wireless infrastructure platform in Latin America.

Talen Energy Announces Successful Repricing and Amendment of Term Loans

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水曜日, 5月 8, 2024

Sale, White, Talen, White & Case, Investment, Talen Energy, Bank

HOUSTON, May 8, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the successful completion of a favorable repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans").

Key Points:

HOUSTON, May 8, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the successful completion of a favorable repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans").
The new applicable rate for the Term Loans is the Secured Overnight Financing Rate ("SOFR") plus 350 basis points, which reduces the interest rate margin by 100 basis points.
The Repricing also reduces the applicable SOFR floor from 50 to 0 basis points.
This transaction is expected to result in interest expense savings to Talen of approximately $13 million annually.

Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription

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木曜日, 5月 2, 2024

Wells Fargo, WordPress, Content, Bank of America, King & Wood Mallesons, White, Bank, Acquisition, Element, Marketing, Citigroup, Creativity, White & Case

Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.

Key Points:

Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.
"We're thrilled about this transaction and looking forward to welcoming the Envato team to Shutterstock," said Shutterstock CEO Paul Hennessy.
"Envato is perfectly positioned to serve a growing customer need for an unlimited multi-asset subscription to a library of creative content, with an emphasis on videos, audio, graphics, fonts and templates.
Drake Star Partners and Goodwin Procter LLP and King & Wood Mallesons acted as financial advisor and legal advisors, respectively, to Envato.

Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription

Retrieved on:

木曜日, 5月 2, 2024

Wells Fargo, WordPress, Content, Bank of America, King & Wood Mallesons, White, Bank, Acquisition, Element, Marketing, Citigroup, Creativity, White & Case

Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.

Key Points:

Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.
"We're thrilled about this transaction and looking forward to welcoming the Envato team to Shutterstock," said Shutterstock CEO Paul Hennessy.
"Envato is perfectly positioned to serve a growing customer need for an unlimited multi-asset subscription to a library of creative content, with an emphasis on videos, audio, graphics, fonts and templates.
Drake Star Partners and Goodwin Procter LLP and King & Wood Mallesons acted as financial advisor and legal advisors, respectively, to Envato.

General Mills Advances Accelerate Strategy and Expands Pet Food Portfolio with Acquisition of Edgard & Cooper

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火曜日, 4月 30, 2024

General Mills (NYSE: GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.

Key Points:

General Mills (NYSE: GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.
View the full release here: https://www.businesswire.com/news/home/20240429809015/en/
General Mills today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.
“We’re excited to join Team General Mills and continue doing what Edgard & Cooper is passionate about — making better dog and cat food with real ingredients that pets love and pet owners feel good about,” said Koen Bostoen, founder, Edgard & Cooper.
Morgan Stanley & Co International plc served as exclusive financial advisor to Edgard & Cooper, and Linklaters LLP served as legal advisor.

Conterra Networks Completes $580 Million Debt Capital Raise

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木曜日, 4月 25, 2024

National Bank of Canada, APG, CFO, School, APG (pension fund), Partnership, SMBC, Growth, TD Securities, Senior, National bank, Export Development Canada, CIBC, Nomura, Telecommunications, White & Case, Latham & Watkins

CHARLOTTE, N.C., April 25, 2024 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.

Key Points:

CHARLOTTE, N.C., April 25, 2024 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.
Conterra is owned by affiliates of each of APG Group NV ("APG") and Fiera Infrastructure Inc. ("Fiera Infrastructure").
Craig Gunderson, President & CEO of Conterra, commented, "This refinancing provides Conterra with growth capital to support our continued expansion to densify our network in our focus areas and launch additional advanced services for our customers."
Steve Keaveney, CFO of Conterra, echoed similar sentiments and added, "We are extremely pleased with the outcome of the refinancing, which offers significant operating flexibility to Conterra.