Corporate finance

New Oriental Announces the Pricing of US$300 Million Notes Offering

Retrieved on: 
Wednesday, June 24, 2020

BEIJING, June 24, 2020 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced the pricing of its offering of US$300 million aggregate principal amount of its 2.125% notes due 2025.

Key Points: 
  • BEIJING, June 24, 2020 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced the pricing of its offering of US$300 million aggregate principal amount of its 2.125% notes due 2025.
  • The Company expects to receive net proceeds from the offering of approximately US$297.1 million, after deducting joint bookrunners' commissions and estimated offering expenses.
  • The joint bookrunners of the offering are BofA Securities and UBS AG Hong Kong Branch.
  • The notes have been offered outside the United States in reliance on Regulation S under the Securities Act.

WildBrain Completes Initial Closing of US$12.2 Million Financing for Growth Initiatives

Retrieved on: 
Wednesday, June 24, 2020

The Exchangeable Debentures issued at the initial closing will be exchangeable for Variable Voting Shares of the Company (the "Variable Voting Shares") at a price of US$1.0728551 per Variable Voting Share (the US dollar equivalent of CAD$1.45).

Key Points: 
  • The Exchangeable Debentures issued at the initial closing will be exchangeable for Variable Voting Shares of the Company (the "Variable Voting Shares") at a price of US$1.0728551 per Variable Voting Share (the US dollar equivalent of CAD$1.45).
  • The financing structure does not increase the Company's leverage ratio for covenant purposes under its senior credit facility2.
  • "One of the most exciting growth opportunities in the media industry is the rise of AVOD," said Eric Ellenbogen, CEO of WildBrain.
  • Net debt includes long-term debt, lease liabilities and bank indebtedness less cash, and excludes interim production financing.

Evelo Biosciences Announces Proposed Public Offering of Common Stock

Retrieved on: 
Wednesday, June 24, 2020

Evelo expects to grant the underwriters a 30-day option, solely to cover over-allotments, if any, to purchase up to an additional $6 million of its common stock.

Key Points: 
  • Evelo expects to grant the underwriters a 30-day option, solely to cover over-allotments, if any, to purchase up to an additional $6 million of its common stock.
  • There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • All of the shares in the proposed offering are to be sold by Evelo.
  • There can be no assurance that Evelo will be able to complete the proposed public offering on the anticipated terms.

Minerals Technologies Announces Pricing of Private Offering of $400 Million of Senior Notes

Retrieved on: 
Wednesday, June 24, 2020

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI or the Company) today announced the pricing of the previously announced private offering (the Offering) of $400 million aggregate principal amount of its 5.000% senior notes due 2028 (the Notes).

Key Points: 
  • NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (MTI or the Company) today announced the pricing of the previously announced private offering (the Offering) of $400 million aggregate principal amount of its 5.000% senior notes due 2028 (the Notes).
  • The initial offering price to investors will be 100.000% of the principal amount thereof.
  • The offering is expected to close on June 30, 2020, subject to customary closing conditions.
  • The Notes and the guarantees thereof are being offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).

Sugarbud Announces Closing of Fully Subscribed $4.0 Million Public Offering of Secured Convertible Debenture Units and Provides Corporate Update

Retrieved on: 
Wednesday, June 24, 2020

CALGARY, Alberta, June 24, 2020 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) ("Sugarbud" or the "Company") is pleased to announce the closing of its previously announced public offering (the Offering) of secured convertible debenture units of the Company (each, a "Debenture Unit"), for aggregate gross proceeds of $4,000,000 (the Offering).

Key Points: 
  • CALGARY, Alberta, June 24, 2020 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) ("Sugarbud" or the "Company") is pleased to announce the closing of its previously announced public offering (the Offering) of secured convertible debenture units of the Company (each, a "Debenture Unit"), for aggregate gross proceeds of $4,000,000 (the Offering).
  • ft. of bloom canopy across four new layers of vertical cultivation space and for working capital and general corporate purposes.
  • Each Debenture Unit, including those sold pursuant to the Over-Allotment Option (as defined below), consists of: (i) one 12.0% secured convertible debenture (each, a "Convertible Debenture"); and (ii) 20,000 common share purchase warrants of the Company (the "Warrants").
  • Sugarbud is a federally licensed, Alberta-based, craft cannabis company; focused on the cultivation and production of superior, select-batch, craft cannabis products.

Worthington Industries Declares Increase in Quarterly Dividend

Retrieved on: 
Wednesday, June 24, 2020

COLUMBUS, Ohio, June 24, 2020 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.25 per share, an increase of $0.01 per share from the prior quarter.

Key Points: 
  • COLUMBUS, Ohio, June 24, 2020 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.25 per share, an increase of $0.01 per share from the prior quarter.
  • The dividend is payable on Sept. 29, 2020, to shareholders of record Sept. 15, 2020.
  • Worthington has increased its dividend for 10 consecutive years and has paid a quarterly dividend since it became a public company in 1968.
  • Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company delivering innovative solutions to customers that span many industries including transportation, construction, industrial, agriculture, retail and energy.

Espressive Expands Executive and Sales Teams to Propel Momentum in Intelligent Automation

Retrieved on: 
Wednesday, June 24, 2020

Espressive also expanded its sales team with the addition of Steve Lebron, Head of Sales Operations.

Key Points: 
  • Espressive also expanded its sales team with the addition of Steve Lebron, Head of Sales Operations.
  • "Keno is a key leadership hire who brings a successful and proven track record in building and leading global sales operations teams.
  • Steve Lebron has over 10 years of experience leading sales operations for both small and mid-size high growth B2B software companies.
  • Espressive is backed by Insight Partners, General Catalyst, and Wing Venture Capital, and is headquartered in Santa Clara, California.

Timbercreek Financial Declares June 2020 Dividend

Retrieved on: 
Wednesday, June 24, 2020

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the Company) is pleased to announce that its board of directors (the Board) has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on July 15, 2020 to holders of Common Shares of record on June 30, 2020.

Key Points: 
  • TORONTO, June 24, 2020 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the Company) is pleased to announce that its board of directors (the Board) has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on July 15, 2020 to holders of Common Shares of record on June 30, 2020.
  • Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions.

LOUD Capital Names Senior Partner and Chief Investment Officer, Expands Investment Offerings

Retrieved on: 
Wednesday, June 24, 2020

CHICAGO, June 24, 2020 /PRNewswire/ -- LOUD Capital , an alternative investment firm headquartered in Columbus, Ohio, is proud to name Nishad Parmar as senior partner and chief investment officer.

Key Points: 
  • CHICAGO, June 24, 2020 /PRNewswire/ -- LOUD Capital , an alternative investment firm headquartered in Columbus, Ohio, is proud to name Nishad Parmar as senior partner and chief investment officer.
  • LOUD's diversified strategy allows investors access to a hybrid package of alternative investment classes, including small business asset-based (debt) lending to life settlements and early-stage equity.
  • The expansion of this investment strategy is also a testament to LOUD's commitment to driving investment and innovation in Chicago.
  • LOUD Capital is an early-stage venture capital firm providing capital, entrepreneurship, and education to grow impactful companies across the globe.

Thinking about trading options or stock in Dell Technologies, Aurora Cannabis, Plug Power, American Airlines, or Royal Caribbean Cruises?

Retrieved on: 
Wednesday, June 24, 2020

NEW YORK, June 24, 2020 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for DELL, ACB, PLUG, AAL, and RCL.

Key Points: 
  • NEW YORK, June 24, 2020 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for DELL, ACB, PLUG, AAL, and RCL.
  • Click a link below then choose between in-depth options trade idea report or a stock score report.
  • Options Report Ideal trade ideas on up to seven different options trading strategies.
  • The report shows all vital aspects of each option trade idea for each stock.