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NiSource Inc. Announces Results of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

Retrieved on:

Friday, November 17, 2023

Energy, Utilities, Oil, Gas, NiSource, Wells Fargo, NYSE, Madison Avenue, Telephone, Attention, J. P. Morgan, Convertible, Equity, Prospectus, BofA Securities, Scotiabank, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) announced today the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).

Key Points:

NiSource Inc. (NYSE: NI) (“NiSource”) announced today the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).
As of December 1, 2023, holders of shares of Mandatory Convertible Preferred Stock that are components of the 2021 Equity Units will be deemed to have automatically delivered their Mandatory Convertible Preferred Stock to NiSource to satisfy in full their obligations to purchase NiSource common stock under the purchase contract component of their 2021 Equity Units.
The final remarketing was made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.
Any offers to remarket the Mandatory Convertible Preferred Stock were made exclusively by means of a prospectus supplement and accompanying prospectus.

Helix Announces Pricing of Senior Notes Offering

Retrieved on:

Thursday, November 16, 2023

Energy, Other Energy, Oil, Gas, Sale, Note, SEC Rule 144A, HLX, Regulation, Helix Energy Solutions Group, NYSE, Person, Hand, Debt-to-GDP ratio, Convertible, Helix

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today it has priced $300 million in principal amount of 9.750% Senior Notes due 2029 (the “Notes”).

Key Points:

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today it has priced $300 million in principal amount of 9.750% Senior Notes due 2029 (the “Notes”).
Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness.
Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof.
Helix expects to close the offering of the Notes on or about December 1, 2023, subject to the satisfaction of customary closing conditions.

Helix Announces Proposed Offering of New Senior Notes

Retrieved on:

Wednesday, November 15, 2023

Alternative Energy, Energy, Other Energy, Oil, Gas, Sale, NYSE, Senior, Convertible, Helix, Helix Energy Solutions Group, Debt-to-GDP ratio, Note, HLX, Person, Hand, SEC Rule 144A, Regulation

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today its intention, subject to market and other conditions, to offer $300 million principal amount of Senior Notes due 2029 (the “Notes”).

Key Points:

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today its intention, subject to market and other conditions, to offer $300 million principal amount of Senior Notes due 2029 (the “Notes”).
Helix intends to use the net proceeds from the offering, together with cash on hand and shares of its common stock, as necessary, to pay the cost of extinguishing its obligations with respect to its outstanding 6.75% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”), which may include privately negotiated transactions, and payments in settlement of redemptions or conversions of such 2026 Convertible Notes.
Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness.
Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof.

NiSource Inc. Announces Postponement of the Final Remarketing of its Series C Mandatory Convertible Preferred Stock

Retrieved on:

Wednesday, November 15, 2023

Energy, Utilities, Oil, Gas, NiSource, Wells Fargo, NYSE, Telephone, J. P. Morgan, Convertible, Goldman Sachs, Prospectus, BofA Securities, ATTN:, Scotiabank, Broadridge Financial Solutions, Security (finance)

NiSource Inc. (NYSE: NI) (“NiSource”) is announcing that it has postponed, at its option, the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units.

Key Points:

NiSource Inc. (NYSE: NI) (“NiSource”) is announcing that it has postponed, at its option, the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units.
On November 14, 2023, NiSource announced the commencement of the final remarketing of the Mandatory Convertible Preferred Stock.
NiSource has postponed the final remarketing of the Mandatory Convertible Preferred Stock.
Should NiSource recommence the final remarketing, NiSource will issue another press release on or prior to the day on which it recommences the final remarketing.

Consistent With its Long-Term Financial Plan NiSource Inc. Announces Commencement of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

Retrieved on:

Tuesday, November 14, 2023

Energy, Utilities, Oil, Gas, NiSource, Wells Fargo, NYSE, Telephone, J. P. Morgan, Convertible, Equity, Goldman Sachs, Prospectus, BofA Securities, ATTN:, Scotiabank, Broadridge Financial Solutions, Security (finance)

In accordance with NiSource’s long-term financial plan, NiSource Inc. (NYSE: NI) (“NiSource”) announced today the commencement of the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).

Key Points:

In accordance with NiSource’s long-term financial plan, NiSource Inc. (NYSE: NI) (“NiSource”) announced today the commencement of the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per share, with a liquidation preference of $1,000 per share (the “Mandatory Convertible Preferred Stock”), originally issued on April 19, 2021 as part of NiSource’s equity units (“2021 Equity Units”).
Currently, the Mandatory Convertible Preferred Stock bears no dividends and is convertible only upon the occurrence of certain fundamental change events.
In connection with a successful final remarketing of the Mandatory Convertible Preferred Stock, dividends may become payable on the Mandatory Convertible Preferred Stock.
Any offers to remarket the Mandatory Convertible Preferred Stock will be made exclusively by means of a prospectus supplement and accompanying prospectus.

BEST Inc. Announces Unaudited Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 22, 2023

EBITDA, Research, Convertible, Investment, Share repurchase, Administration, ADS, Debt-to-GDP ratio, RMB, American depositary receipt, SBC, Video game, Pharmaceutical industry

Cost of Revenue for Freight was RMB1,410.6 million (US$193.3 million), or 96.8% of revenue in the third quarter of 2023.

Key Points:

Cost of Revenue for Freight was RMB1,410.6 million (US$193.3 million), or 96.8% of revenue in the third quarter of 2023.
Cost of Revenue for Supply Chain Management was RMB423.3 million (US$58.0 million), or 90.9% of revenue in the third quarter of 2023.
Cost of Revenue for Global was RMB324.4 million (US$44.5 million), or 117.9% of revenue in the third quarter of 2023.
Excluding SBC expenses, non-GAAP net loss from continuing operations in the third quarter of 2023 was RMB180.9 million (US$24.8 million), compared to RMB363.0 million in the third quarter of 2022.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Private Placement of Convertible Preferred Shares

Retrieved on:

Tuesday, November 7, 2023

Professional Services, Finance, Sale, NYSE, Convertible, XAI, Purchasing, Bangladesh Securities and Exchange Commission, Exercise, Trust, Common, Asset purchase agreement, Indian stock exchange, Conversion, Sales management, Security (finance)

The Trust expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $27.9 million.

Key Points:

The Trust expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $27.9 million.
The Convertible Preferred Shares pay a quarterly dividend at a fixed annual rate of 6.95% of the liquidation preference, or $1.7375 per share, per year.
The Convertible Preferred Shares will not be listed on any exchange and may not be transferred without the consent of the Trust.
The Convertible Preferred Shares were offered directly to the purchasers without a placement agent, underwriter, broker or dealer.

Granite Point Mortgage Trust Inc. Reports Third Quarter 2023 Financial Results and Post Quarter-End Update

Retrieved on:

Tuesday, November 7, 2023

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2023, and provided an update on its activities subsequent to quarter-end.

Key Points:

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2023, and provided an update on its activities subsequent to quarter-end.
A presentation containing third quarter 2023 financial results can be viewed at www.gpmtreit.com .
Book value per common share was $13.28 as of September 30, 2023, inclusive of $(2.89) per common share total CECL reserve.
Granite Point Mortgage Trust Inc. will host a conference call on November 8, 2023, at 12:00 p.m.

Steel Connect Reports Fourth Quarter Fiscal 2023 Financial Results

Retrieved on:

Wednesday, November 8, 2023

Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.

Key Points:

Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.
The Exchange Transaction closed on May 1, 2023, and as such, there was no activity for the fourth quarter or fiscal year ended July 31, 2022.
Total interest expense for the fiscal year ended July 31, 2023 remained relatively flat compared to the fiscal year ended July 31, 2022.
Other gains, net for the fiscal year ended July 31, 2023 and the fiscal year ended July 31, 2022 were $11.3 million and $4.1 million, respectively.

Ceylon Graphite Announces Closing of $365,000 Convertible Debenture Financing and Extension of Convertible Debenture

Retrieved on:

Friday, October 27, 2023

NOT, TSX Venture Exchange, Sale, Mining, Convertible, Multilateral, Debenture, Funding, FOR, Minority, MI, OTC, Warrant, News, CYL, CCY, OR, Offering, Indian stock exchange, FSE, Amendment, Security (finance)

VANCOUVER, British Columbia, Oct. 27, 2023 (GLOBE NEWSWIRE) --

Key Points:

In addition, the Debentures are secured against all of the present and after acquired personal property of the Company.
The Company also announces that it expects to amend the terms of certain convertible debentures (the “2018 Convertible Debentures”) that were issued by the Company on May 23, 2018.
The Company intends to amend the conversion price of the 2018 Convertible Debentures to $0.15 per 2018 Debenture Share and amend the maturity date of the 2018 Convertible Debentures to November 23, 2024 (the “Amendments”).
The Financing, Amendments and issuance of the Replacement Warrants are subject to the final approval of the TSX Venture Exchange.