Debt

SBA Communications Corporation Reports First Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

Retrieved on: 
Monday, April 29, 2024
Technology, Other Construction & Property, Telecommunications, Mobile, Wireless, Construction & Property, Internet, REIT, Net income, Term, International, Investment, Outlook, Security (finance), SBA, Debt, Tax, Line of credit, Base rate, Interest expense, Facility, Credit

Site leasing operating profit in the first quarter of 2024 was $513.4 million, an increase of 3.3% over the prior year period.

Key Points: 
  • Site leasing operating profit in the first quarter of 2024 was $513.4 million, an increase of 3.3% over the prior year period.
  • Tower Cash Flow in the first quarter of 2024 of $506.0 million was comprised of Domestic Tower Cash Flow of $387.2 million and International Tower Cash Flow of $118.8 million.
  • Tower Cash Flow Margin was 81.1% in the first quarter of 2024, as compared to 80.4% for the prior year period.
  • During the first quarter of 2024, SBA acquired 11 communication sites for total cash consideration of $9.2 million.

SES Q1 2024 Results

Retrieved on: 
Tuesday, April 30, 2024
Technology, Networks, Satellite, O3b, Annual, Adjustment, FX, Share repurchase, Debt, MPower, Growth, Government

Adjusted EBITDA of €275 million represented an Adjusted EBITDA margin of 55% (Q1 2023: 54%).

Key Points: 
  • Adjusted EBITDA of €275 million represented an Adjusted EBITDA margin of 55% (Q1 2023: 54%).
  • Adjusted EBITDA excludes significant special items of €6 million (Q1 2023: €13 million), comprising net U.S. C-band expenses of €1 million (Q1 2023: net expenses of €4 million) and expense of other significant special items of €5 million (Q1 2023: €9 million).
  • In January 2024, SES called and repaid the €550 million hybrid bond and expects to repay approximately €450 million of additional upcoming debt maturities.
  • For Full Year 2024, SES will move to a semi-annual distribution with an interim dividend of €0.25 per A-share (€0.10 per B-share) to be paid in October 2024 and final dividend, subject to shareholder approval, of at least €0.25 per A-share (€0.10 per B-share) to be paid in April 2025.

SES to Acquire Intelsat in Compelling Transaction Focused on the Future

Retrieved on: 
Tuesday, April 30, 2024
Networks, Satellite, Audio, Video, Technology, Telecommunications, Slate, GEO, OPEX, Ecosystem, International, O3b, Gibson Dunn, Policy, FCF, MEO, Morgan Stanley, Sport, Guggenheim Partners, Debt, Communication, Ultra, Deutsche Bank, NPV, Metric, Growth, Webcast, Habit, Combine, Intelsat, Cropping system, International Financial Reporting Standards, Government, Acquisition, PJT Partners, Aircraft, Adjustment, Orientation, FX, Capital expenditure, Atmosphere, GAAP, Enterprise value, Network

SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.

Key Points: 
  • SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.
  • PJT Partners served as financial advisor to Intelsat and rendered a fairness opinion to the Intelsat S.A. Board of Directors.
  • The financial information presented for SES and Intelsat does not apply a consistent set of accounting policies.
  • Pro forma financial information are aggregations of the corresponding SES and Intelsat financial information, adjusted for the elimination of material intra-group transactions.

Endeavour Silver Announces First Drawdown on The Terronera Senior Secured Debt Facility

Retrieved on: 
Wednesday, April 10, 2024
News, ING Group, TSX, Debt, Gold, EDR

VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce the first drawdown of $60 million of the $120 million senior secured debt facility (the “Debt Facility”) for the development of the Terronera Mine in Jalisco state, Mexico.

Key Points: 
  • VANCOUVER, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce the first drawdown of $60 million of the $120 million senior secured debt facility (the “Debt Facility”) for the development of the Terronera Mine in Jalisco state, Mexico.
  • The debt facility is provided by Société Générale and ING Bank N.V. and closed last year (see news release dated October 10, 2023 ).
  • Construction of the Terronera mine is well underway and remains on track and has satisfied all conditions precedent to first draw.
  • Forward purchases of US$45 million equivalent Mexican peso over the remaining construction period have been hedged at $16.56 per US dollar.

Helix Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Alternative Energy, Energy, Other Energy, Oil, Gas, Well, ROV, Polyhedron, ABL, Central Time, Cash flow, Note, Depreciation, Robotics, Webcast, Capital expenditure, Free cash flow, Debt, Retirement, Staffeldt, Seawell, T. Hawk, Abandon, Video game

Well Intervention operating income increased $26.8 million during the first quarter 2024 compared to the first quarter 2023 primarily due to higher revenues during the first quarter 2024.

Key Points: 
  • Well Intervention operating income increased $26.8 million during the first quarter 2024 compared to the first quarter 2023 primarily due to higher revenues during the first quarter 2024.
  • ROV and trencher utilization decreased to 58% during the first quarter 2024 compared to 68% during the prior quarter, and integrated vessel trenching days decreased to 85 days during the first quarter 2024 compared to 271 days during the prior quarter.
  • Robotics operating income increased $0.4 million during the first quarter 2024 compared to the first quarter 2023 primarily due to higher revenues during the first quarter 2024.
  • Shallow Water Abandonment operating income decreased $24.5 million during the first quarter 2024 compared to the prior quarter primarily due to lower revenue during the first quarter 2024.

Securityplus Federal Credit Union Announces Strategic Partnerships to Offer Protection Products & Exclusive Member Discount on Estate Planning Services, Bridging a Critical Gap to Financial Wellness Among Minority Communities

Retrieved on: 
Tuesday, April 23, 2024
Safety, Credit union, YOU, Death, Partnership, Trust, VPP, Debt, MDI, ADR, GAP, Interim, Disability, Insurance

This strategic partnership is part of Securityplus's broader effort to empower its members and build a financially healthy community through comprehensive financial planning, financial literacy, and accessibility.

Key Points: 
  • This strategic partnership is part of Securityplus's broader effort to empower its members and build a financially healthy community through comprehensive financial planning, financial literacy, and accessibility.
  • With our new suite of protection products and exclusive member discount on estate planning, we're addressing a crucial and often neglected area of financial planning, ensuring our members' financial wellness is comprehensive and complete.
  • "Providing access to estate planning services is a direct response to the gap in resources within minority communities.
  • "By taking a holistic approach to financial wellness, we are taking significant steps towards enhancing the financial wellness and stability of our members and their families.

Cielo Announces Closing of Second Tranche of Private Placement of Convertible Debenture Units

Retrieved on: 
Friday, April 5, 2024
Indian stock exchange, Principal, Private, Exchange, Convertible bond, Forced conversion, Issue date, Placement, CMC, Sale, News, Debt, Carbon, Debenture, Convertible, Acceleration, Finance Secretary (India), Calendar, Tranche, NEWS, Conversion, Security (finance)

CALGARY, Alberta, April 05, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the second tranche (“Tranche 2”), for gross proceeds of C $1,480,000, of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company intends to continue to offer the Convertible Debenture Units on the same terms and close one or more subsequent tranches during the month of April 2024.

Key Points: 
  • CALGARY, Alberta, April 05, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the second tranche (“Tranche 2”), for gross proceeds of C $1,480,000, of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement").
  • The Company intends to continue to offer the Convertible Debenture Units on the same terms and close one or more subsequent tranches during the month of April 2024.
  • Pursuant to the closing of Tranche 2, the Company issued 1,480 Convertible Debenture Units for gross proceeds of C $1,480,000, consisting of 1,480 Convertible Debentures and 3,700,000 Warrants.
  • As the Convertible Debentures will be unsecured debt obligations of the Company, each Convertible Debenture will rank subordinate to all secured debt obligations of the Company.

FuelPositive Welcomes Deputy Minister of Agriculture and Agri-Food Canada to Facility in Waterloo and Announces Non-Brokered Private Placement

Retrieved on: 
Thursday, April 4, 2024
Sustainability, Climate change, Government, Farmer, TSX Venture Exchange, Debt, Offering, University, Biophysical environment, GHG, Chairperson, Research, Mental health, Policy, Anxiety, Ontario Agricultural College, Rural development, Quality of life, Central Statistics Office (India), EEStor, RPP, Fertilizer, Suicide, MCIP, Animal, Federal, School, Agriculture

"Deputy Minister Beck recently visited our team at our new facility during her visit to the Kitchener-Waterloo region.

Key Points: 
  • "Deputy Minister Beck recently visited our team at our new facility during her visit to the Kitchener-Waterloo region.
  • Deputy Minister Beck was joined by Alec Nicholls, Director General, Agriculture and Agri-Food Canada, Melissa Reginato, Senior Markets and Trade, Agriculture and Agri-Food Canada and Hadley Carpenter, Regional Director, Agriculture and Agri-Food Canada, who was instrumental in organizing the visit.
  • Our technology embodies the spirit of progress and collaboration and showcases Canada's leadership in pioneering solutions that address pressing global challenges.
  • The governmental visit was a valuable opportunity for the FuelPositive team to engage in meaningful discussions with Deputy Minister Beck.

PennantPark Completes PennantPark CLO IX, LLC, Continuing the Growth of PennantPark’s CLO Platform

Retrieved on: 
Monday, April 1, 2024
CLO, Debt, Fund, CIBC, Growth, Sale, Security (finance)

“This transaction reinforces PennantPark’s ability to access attractive, long-term financing well matched to the lower risk nature of the underlying assets we originate.

Key Points: 
  • “This transaction reinforces PennantPark’s ability to access attractive, long-term financing well matched to the lower risk nature of the underlying assets we originate.
  • With the closing of PennantPark CLO IX, PennantPark now manages approximately $2.8 billion in CLO assets, and we look forward to continued growth with the support of our current and new investors.”
    The Fund will retain all the Subordinated Notes through a consolidated subsidiary.
  • The reinvestment period for the term debt securitization ends in April 2026 and the Debt is scheduled to mature in April 2034.
  • The proceeds from the Debt will be used to repay a portion of the Fund’s $250 million secured credit facility.

SiriusPoint Announces Notes Offering, Tender Offer for 4.600% Senior Notes due 2026 and Redemption of 7.00% Senior Notes due 2025

Retrieved on: 
Thursday, March 21, 2024
Tax, Debt, Sale, Tender offer, Investment, BMO Capital Markets, HSBC, Treasury, Bank, Consent, Tender, BNY Mellon, Solicitation, Acquisition, Security (finance), Insurance, Annual report, COVID-19, CUSIP, Expiration, Jefferies Group, J.P. Morgan & Co.

Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.

Key Points: 
  • Those who validly tender 2026 Notes and deliver consents before the Early Expiration Time will receive the Total Consideration for each $1,000 principal amount of accepted 2026 Notes.
  • Those who validly tender 2026 Notes and deliver consents after the Early Expiration Time will receive the Total Consideration, less $50, for each $1,000 principal amount of accepted 2026 Notes.
  • The Tender Offer will expire at 5:00 p.m., New York City time, on April 19, 2024, unless extended or earlier terminated by SiriusPoint (the “Tender Offer Expiration”).
  • No recommendation is made as to whether holders should tender their 2026 Notes or deliver their consents with respect to the 2026 Notes.