Repurchase agreement

KBR Announces Fourth Quarter and Fiscal 2023 Financial Results; Issues Fiscal 2024 Guidance

Retrieved on: 
Tuesday, February 20, 2024
International, Intel, ASC, Repurchase agreement, Share repurchase, Sale, Defense, KBR, Capital, Three Months, Security (finance)

HOUSTON, Feb. 20, 2024 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its fourth quarter and fiscal 2023 financial results and issued its fiscal 2024 financial guidance.

Key Points: 
  • Adjusted EBITDA2 was $188 million, up 20% compared to 4Q'22, with Adjusted EBITDA2 margins of 10.9%, up 110 bps over 4Q'22.
  • Diluted earnings per share were in line with the decrease in Net income attributable to KBR.
  • Additionally, on February 19, 2024, the Board of Directors authorized replenishment of our share repurchase authorization to $500 million.
  • The table below summarizes FY24 guidance and represents our views as of February 20, 2024.

Vital’s ERAdvisor Earns Top Marks in KLAS Spotlight Report

Retrieved on: 
Thursday, February 15, 2024
Health, Technology, Hospitals, Practice Management, Health Technology, Software, Artificial Intelligence, Hospital, Senior, Research, NPS, Education, Repurchase agreement, ROI, Patient satisfaction, Spotlight, KLAS, Patient, Integration, Trust, Tangibility, Partnership, Nursing

Vital , a leading artificial intelligence-(AI) driven digital health company, today announced that its exceptional performance was featured in a recent KLAS Research Emerging Company Spotlight .

Key Points: 
  • Vital , a leading artificial intelligence-(AI) driven digital health company, today announced that its exceptional performance was featured in a recent KLAS Research Emerging Company Spotlight .
  • KLAS provides in-depth analyses and ratings of healthcare IT software and services that healthcare leaders use to inform purchase and implementation decisions.
  • “The KLAS report reaffirms Vital's position as a leader in digital health and emphasizes the critical role of close collaboration with health system partners,” said Joe Sedlak, Senior Vice President of Client Success at Vital.
  • Exceptional Executive Involvement: With an "A+" rating, Vital demonstrates an unparalleled commitment to partnering with customers, ensuring that ERAdvisor meets and exceeds expectations.

ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12%

Retrieved on: 
Monday, February 5, 2024
Theta, Permian, Partnership, Growth, Share repurchase, Digital, Failure, International, Organization, Safety, Tax, ESP, Temperature, PAGL, Frost, GVF, NOC, Diamond, Kronos, IOC, Sale, Automation, Software, Repurchase agreement, Phantom, Delaware Basin, Video game

For the fourth quarter of 2023, revenue was $943.6 million, net income attributable to ChampionX was $77.2 million, and adjusted EBITDA was $198.1 million.

Key Points: 
  • For the fourth quarter of 2023, revenue was $943.6 million, net income attributable to ChampionX was $77.2 million, and adjusted EBITDA was $198.1 million.
  • Cash flow from operating activities was $169 million during the fourth quarter, which represented 219% of net income attributable to ChampionX.
  • We returned $135 million of cash to our shareholders in the fourth quarter, through our regular cash dividend of $17 million and approximately $118 million of ChampionX share repurchases.
  • ChampionX announces that our Board of Directors approved an increase to our share repurchase program (the “Share Repurchase Program”).

VNET Announces the Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026

Retrieved on: 
Monday, February 5, 2024
VNET, Debt-to-GDP ratio, CUSIP, Repurchase agreement, The Company, Growth, Management

BEIJING, Feb. 5, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the completion of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • BEIJING, Feb. 5, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced the completion of its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
  • The repurchase right offer expired at 5:00 p.m. (New York City time) on Tuesday, January 30, 2024.
  • Our successful completion of the convertible senior notes repurchase demonstrates our commitment to high-quality, long-term development as well as our strong strategic execution.
  • We view the convertible senior notes repurchase as a pivotal step towards the Company's robust future and remain confident in VNET's value proposition and growth potential in the long run."

NIO Inc. Announces Completion of the Repurchase Right Offer for Its 0.00% Convertible Senior Notes due 2026

Retrieved on: 
Thursday, February 1, 2024
Indenture, Debt-to-GDP ratio, NIO, CUSIP, Repurchase agreement, HKEX

SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.

Key Points: 
  • SHANGHAI, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced repurchase right offer relating to its 0.00% Convertible Senior Notes due 2026 (CUSIP No.
  • The repurchase right offer expired at 5:00 p.m., New York City time, on Wednesday, January 31, 2024.
  • Based on information from The Deutsche Bank Trust Company Americas, as the paying agent for the Notes, US$300,536,000.00 aggregate principal amount of the Notes (the “Repurchase Price”) were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer.
  • The Company has forwarded cash in payment of the Repurchase Price to the Paying Agent for distribution to the Holders that had validly exercised their Repurchase Right.

The Cannabist Company Announces Debt Repurchase Agreement to Reduce Leverage by up to $25 Million

Retrieved on: 
Monday, January 22, 2024
Natural Resources, Alternative Medicine, Other Retail, Health, Tobacco, Specialty, Cannabis, Retail, Agreement, Convertible, Repurchase agreement, Indian stock exchange, Exchange, NEO, CAD, Note, Security (finance)

“We are pleased to have reached agreement on the previously announced transaction to reduce leverage and decrease interest expense, maintaining momentum for our balance sheet improvement plan.

Key Points: 
  • “We are pleased to have reached agreement on the previously announced transaction to reduce leverage and decrease interest expense, maintaining momentum for our balance sheet improvement plan.
  • We are grateful for the constructive relationship with our investors that enabled this transaction to come to fruition and look forward to delivering on additional initiatives in the months ahead,” said David Hart, CEO of The Cannabist Company.
  • In connection with the Repurchase, the Company obtained waivers from holders of, in the aggregate, US$34.5 million principal amount of 2025 Convertible Notes confirming that they did not object to the Company completing the Repurchase and confirming that they had no intention of participating in a Repurchase of their 2025 Convertible Notes on similar terms.
  • In connection with the Repurchase, ATB Capital Markets acted as exclusive financial advisor to the Company and to the Company’s special committee.

MakeMyTrip Limited Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2028

Retrieved on: 
Thursday, January 18, 2024
Other Travel, Lodging, Destinations, Travel, Vacation, Rail, Air, Transport, NOTES, Debt-to-GDP ratio, CUSIP, BNY Mellon, Repurchase agreement, AB0, Depository Trust Company, Bank, PARTIES, Attention, FICC, Exercise, Mechanics, Trustee

MakeMyTrip Limited (“MakeMyTrip” or the “Company”) (NASDAQ: MMYT), a leading travel service provider in India, today announced that it had issued a Repurchase Right Notice (the “Repurchase Right Notice”) addressed to holders (each, the “Holder”) of its 0.00% Convertible Senior Notes due 2028 (CUSIP No.

Key Points: 
  • MakeMyTrip Limited (“MakeMyTrip” or the “Company”) (NASDAQ: MMYT), a leading travel service provider in India, today announced that it had issued a Repurchase Right Notice (the “Repurchase Right Notice”) addressed to holders (each, the “Holder”) of its 0.00% Convertible Senior Notes due 2028 (CUSIP No.
  • The Holder’s Repurchase Right expires at 5:00 p.m., New York City time, on Tuesday, February 13, 2024.
  • If all outstanding Notes are surrendered for repurchase through exercise of the Repurchase Right, the aggregate cash purchase price will be US$230,000,000.00.
  • HOLDERS OF NOTES AND OTHER INTERESTED PARTIES ARE URGED TO READ THE COMPANY’S SCHEDULE TO, REPURCHASE RIGHT NOTICE AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT MAKEMYTRIP LIMITED AND THE REPURCHASE RIGHT.

US Treasury market conditions and global market reactions to US monetary policy

Retrieved on: 
Friday, January 19, 2024
Bank of England, BIS, Journal of Monetary Economics, Federal Reserve, Bank for International Settlements, COVID-19, Government, Bank, Response, Federal, United States Treasury security, BVAR, Repurchase agreement, Risk, Monetary economics, Interval (mathematics), Journal, International Monetary Fund, USD, Finance, Chapter One, Federal Reserve Bank, Absorption, ECB, Board of directors, Quarterly Review, Growth, Security (finance)

At the same time, leveraged funds have built up unusually large net short positions in the US Treasury futures market.

Key Points: 
  • At the same time, leveraged funds have built up unusually large net short positions in the US Treasury futures market.
  • This box provides empirical evidence that the impact of a US monetary policy shock on domestic and global bond markets may vary depending on conditions in the US Treasury market.

Marti Announces up to $2.5M Share Repurchase Program

Retrieved on: 
Wednesday, January 10, 2024
Transportation, Automotive, Technology, IOT (Internet of Things), Travel, Other Transport, Public Transport, Transport, Apps, Applications, Software, Alternative Vehicles, Fuels, MRT, Repurchase agreement, Share repurchase, Growth, Security (finance)

Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced a share repurchase program.

Key Points: 
  • Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced a share repurchase program.
  • The repurchase program is effective immediately and is valid for a period of six months from such date (the “Repurchase Program”).
  • The Board may periodically review the Company’s Repurchase Program and decide to extend its terms or increase the authorized amount.
  • The Repurchase Program is being financed from the proceeds of a $5.0 million convertible note investment made by Farragut Square Global Master Fund.

Guess?, Inc. Announces Issuance of Approximately $64.8 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $67.1 Million of Existing 2.00% Convertible Notes Due 2024

Retrieved on: 
Saturday, January 6, 2024
Fashion, Footwear, Retail, Jewelry, Department Stores, Catalog, Annual report, Bank, Sale, GES, Transaction, Bank of America, CUSIP, Uncertainty, Debt-to-GDP ratio, Repurchase agreement, Judgement, Observation, Subscription business model, Share repurchase, Exchange, Security (finance)

Pursuant to the Exchange and Subscription Agreements, the Company will exchange approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).

Key Points: 
  • Pursuant to the Exchange and Subscription Agreements, the Company will exchange approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
  • The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
  • The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
  • The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.