Assumption

Integrated Media Technology Limited Announces Launching of its NFT Trading Platform

Retrieved on: 
Thursday, December 30, 2021

Under the Cooperation Agreement, IMTE now may invest up to US$1 million for 60% equity interests in Ace to develop, establish, and operate a trading platform called "Ouction".

Key Points: 
  • Under the Cooperation Agreement, IMTE now may invest up to US$1 million for 60% equity interests in Ace to develop, establish, and operate a trading platform called "Ouction".
  • Ouction platform will be an interactive experiencing solution designed with dynamic image cryptographic verification technology which will serve as a bridge for O2O (Online to Offline) transaction.
  • Eric's team will bring expertise in Blockchain, cyber security and other technologies to assist us in developing our NFT trading platform and business operations" stated IMTE's CEO, Mr. Xiaodong Zhang.
  • Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Equity Bank Completes Acquisition of St. Joseph, Mo. Locations of Security Bank of Kansas City

Retrieved on: 
Monday, December 6, 2021

St. Joseph is an excellent fit for our growing Equity Bank network, said Brad Elliott, Chairman and CEO of Equity.

Key Points: 
  • St. Joseph is an excellent fit for our growing Equity Bank network, said Brad Elliott, Chairman and CEO of Equity.
  • Equity will operate 16 total locations in Missouri, including five bank locations on the Missouri side of the Kansas City metropolitan area.
  • Pursuant to the terms of the Branch Purchase and Assumption Agreement between Equity Bank and Security Bank, Equity Bank acquired certain loans and other branch-related assets, and assumed certain deposit and other liabilities associated with the Security Bank branches.
  • Security Bank is a full service bank founded in 1933 and based in Kansas City, Kansas.

GRAY ANNOUNCES CLOSING OF OFFERING OF $1,300.0 MILLION OF 5.375% SENIOR NOTES DUE 2031

Retrieved on: 
Tuesday, November 9, 2021

ATLANTA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) announced today that it has completed its previously announced offering of $1,300.0 million in aggregate principal amount of 5.375% senior notes due 2031 (the Notes) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the Escrow Issuer).

Key Points: 
  • ATLANTA, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) announced today that it has completed its previously announced offering of $1,300.0 million in aggregate principal amount of 5.375% senior notes due 2031 (the Notes) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the Escrow Issuer).
  • At closing, the proceeds of the Notes were funded into an escrow account.
  • Following the Assumption, the Notes will be guaranteed, jointly and severally, by each existing and future restricted subsidiary of Gray that guarantees Grays existing senior credit facility.
  • Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828
    Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333

GRAY ANNOUNCES UPSIZING AND PRICING OF $1,300.0 MILLION OF 5.375% SENIOR NOTES DUE 2031

Retrieved on: 
Tuesday, October 26, 2021

ATLANTA, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) announced today the pricing of its previously announced private offering of $1,300.0 million aggregate principal amount of 5.375% senior notes due 2031 (the Notes) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the Escrow Issuer).

Key Points: 
  • ATLANTA, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray) (NYSE: GTN) announced today the pricing of its previously announced private offering of $1,300.0 million aggregate principal amount of 5.375% senior notes due 2031 (the Notes) by Gray Escrow II, Inc., a special purpose wholly owned subsidiary of Gray (the Escrow Issuer).
  • Following the Assumption, the Notes will be guaranteed, jointly and severally, by each existing and future restricted subsidiary of Gray that guarantees Grays existing senior credit facility.
  • This press release contains certain forward-looking statements that are based largely on Grays current expectations and reflect various estimates and assumptions by Gray.
  • Jim Ryan, Executive Vice President and Chief Financial Officer, 404-504-9828
    Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-504-9828

GRAY ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES

Retrieved on: 
Monday, October 25, 2021

ATLANTA, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions.

Key Points: 
  • ATLANTA, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN) announced today that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions.
  • The offering will be exempt from the registration requirements of the Securities Act of 1933 (the Securities Act).
  • If the Meredith Merger is consummated and certain other conditions are satisfied, the net proceeds from the offering will be released from escrow to fund the Meredith Merger, and Gray will become the obligor under the notes (the Assumption).
  • Following the Assumption, the notes will be guaranteed, jointly and severally, by each existing and future restricted subsidiary of Gray that guarantees Grays existing senior credit facility.

Tudor Gold Announces Closing of Agreements to Assume and Terminate Royalty Agreement to Buydown a 1.02 % Net Smelter Return on Key Claims on the Treaty Creek Property

Retrieved on: 
Wednesday, October 13, 2021

Pursuant to the terms of the Royalty Agreement, American Creek Resources Ltd. ("American Creek") also held certain buyback rights in respect of the NSR.

Key Points: 
  • Pursuant to the terms of the Royalty Agreement, American Creek Resources Ltd. ("American Creek") also held certain buyback rights in respect of the NSR.
  • Tudor is also pleased to announce the Exchange has provided approval to and the Company has closed the termination agreement (the "Termination Agreement") with American Creek previously announced on September 30, 2021.
  • The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast.
  • In April 2021, Tudor published their 43-101 technical report, "Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada" dated March 1, 2021 on the Company's Sedar profile.

First Bank Names Matt Paciocco as Regional Market Executive for Richmond Market

Retrieved on: 
Thursday, September 30, 2021

STRASBURG, Va., Sept. 30, 2021 (GLOBE NEWSWIRE) -- First National Corporation (the Company or First National) (NASDAQ: FXNC), the bank holding company of First Bank (the Bank), announced today that Matt Paciocco has been named First Banks Regional Market Executive for the Richmond area.

Key Points: 
  • STRASBURG, Va., Sept. 30, 2021 (GLOBE NEWSWIRE) -- First National Corporation (the Company or First National) (NASDAQ: FXNC), the bank holding company of First Bank (the Bank), announced today that Matt Paciocco has been named First Banks Regional Market Executive for the Richmond area.
  • The Richmond banking leader brings an experienced team in his new role leading the commercial growth strategy for the market.
  • At First Bank, we believe banking is a people business and Matt Paciocco and his team share our values and understand the importance of reliable personal relationships, said Scott Harvard, CEO of First Bank.
  • First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance.

SmartBank Announces Sale of Richmond Assets to Virginia-based First Bank

Retrieved on: 
Thursday, September 30, 2021

The terms of the Purchase and Assumption Agreement provide for First Bank to acquire approximately $83 million in loans and, substantially all fixed assets related to the Banks Richmond branch, and First Bank will also assume the facility lease.

Key Points: 
  • The terms of the Purchase and Assumption Agreement provide for First Bank to acquire approximately $83 million in loans and, substantially all fixed assets related to the Banks Richmond branch, and First Bank will also assume the facility lease.
  • The Bank will receive a premium based on a specific percentage of the loans sold, and fixed assets will be acquired at book value.
  • Additionally, the SmartBank employees in the Richmond branch will transition to become employees of First Bank.
  • Founded in 2007, SmartBank is a full-service commercial bank, with branches across Tennessee, Alabama and the Florida Panhandle.

FHLB Dallas Donates $500K to Greater New Orleans Foundation

Retrieved on: 
Tuesday, September 28, 2021

The Federal Home Loan Bank of Dallas (FHLB Dallas) donated $500,000 to the Greater New Orleans Foundation (Foundation) to assist with its Hurricane Ida recovery efforts.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) donated $500,000 to the Greater New Orleans Foundation (Foundation) to assist with its Hurricane Ida recovery efforts.
  • We hope this donation to the Greater New Orleans Foundation, which has extensive expertise in this area that includes work in the aftermath of 2005s Hurricane Katrina, will assist in those long-term efforts.
  • In addition to the donation to the Foundation, FHLB Dallas made $500,000 in donations to other charitable agencies in the region, including food banks.
  • With roots extending nearly 100 years, the Greater New Orleans Foundation has over 1,000 different philanthropic funds and assets of $460 million.

Covington Latin School Joins in the Celebration of Thomas More University’s Centennial

Retrieved on: 
Saturday, September 11, 2021

Covington, Kentucky, Sept. 11, 2021 (GLOBE NEWSWIRE) -- Covington Latin School (CLS) is a co-educational Catholic college-preparatory high school, specializing in advanced and accelerated instruction in Covington, Kentucky.

Key Points: 
  • Covington, Kentucky, Sept. 11, 2021 (GLOBE NEWSWIRE) -- Covington Latin School (CLS) is a co-educational Catholic college-preparatory high school, specializing in advanced and accelerated instruction in Covington, Kentucky.
  • Covington Latin School is considered a sister school to Thomas More University with shared diocesan leadership.
  • Immediately following the conclusion of mass, all parties are invited to a reception in honor of Founders Day and in celebration of Thomas More Universitys Centennial at the Covington Latin School.
  • There Thomas More University President Chillo will welcome guests and share brief remarks on the importance of this anniversary, the Universitys Covington roots and the connections with Covington Latin School.