Debenture

Arizona Sonoran and Nuton LLC Announce Option to Joint Venture on Cactus Project in Arizona

Retrieved on: 
Thursday, December 14, 2023
Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Mining, Minerals, Trigger, Economics, Indian stock exchange, Rio Tinto, ASCU, NPV, TSX, News, Mechanics, Copper, South Tyrol Option Agreement, Exchangeable, Exercise, Dorsey & Whitney, Cactus, Scotiabank, Partnership, Water, Contract management, National instrument, Torys, Debt, Securities Transaction Tax, Debenture, Toronto Stock Exchange, Committee, Option, Uranium mining, Cochineal, Renting, Security (finance), Gunsmith, Satellite navigation device, Mainspring, Nuton, Interest

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.

Key Points: 
  • Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce today that it has entered into an option to joint venture agreement with Nuton LLC (“Nuton”), a wholly-owned subsidiary of Rio Tinto, to establish a strategic alliance for deployment of the Nuton technologies at its Cactus Mine and the Parks/Salyer Project (collectively, the “Cactus Project”), in Arizona, USA.
  • Nuton has indicated the potential to significantly increase copper cathode output from our current 45-50 ktpa target which could materially enhance project economics.
  • In the event that Nuton exercises the Option, the parties will either form a Delaware limited liability company or deem Cactus to be the joint venture company for the Cactus Project (the “Joint Venture Corporation”).
  • Rothschild acted as financial advisor, and Torys LLP and Dorsey & Whitney LLP acted as legal advisors, to Nuton.

Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049

Retrieved on: 
Friday, December 1, 2023
Sports, TV and Radio, Media, Communications, General Entertainment, Events, Concerts, Motor Sports, Entertainment, Liberty, Indenture, Liberty Media, Penske Media Corporation, Security (finance), Debenture

Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of November 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2049 (the “Debentures”).

Key Points: 
  • Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of November 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2049 (the “Debentures”).
  • The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.2635 per $1,000 original principal amount of Debentures.
  • As of December 1, 2023, the aggregate adjusted principal amount outstanding is approximately $586 million, after giving effect to today’s quarterly interest payment.
  • Below is a detail of the amount of the quarterly interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures:

BBTV Holdings Receives Final Order Approving Plan of Arrangement

Retrieved on: 
Friday, December 15, 2023
Canada Business Corporations Act, Acquisition, BBTV, Incentive, OTCQX, Toronto Stock Exchange, SVS, Supreme court, Hierarchy, HS, Arrangement, Lease purchase contract, Debenture, TSX, News, Security (finance)

VANCOUVER, BC, Dec. 14, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the "Company") is pleased to announce that, on December 14, 2023, the Supreme Court of British Columbia issued a final order approving the previously announced going-private transaction by way of a statutory plan of arrangement (the "Arrangement") under section 192 of the Canada Business Corporations Act.

Key Points: 
  • VANCOUVER, BC, Dec. 14, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the "Company") is pleased to announce that, on December 14, 2023, the Supreme Court of British Columbia issued a final order approving the previously announced going-private transaction by way of a statutory plan of arrangement (the "Arrangement") under section 192 of the Canada Business Corporations Act.
  • All accrued and unpaid interest owing on the Convertible Debentures will be forgiven, settled and extinguished for no consideration.
  • Following the acquisition, the Company and the Purchaser will amalgamate to form an amalgamated company with the same name as BBTV.
  • The Arrangement remains subject to final approval of the TSX, and certain other customary closing conditions.

Qurate Retail Announces Semi-Annual Interest Payment on 4.0% Senior Exchangeable Debentures Due 2029

Retrieved on: 
Wednesday, November 15, 2023
Home Goods, Online Retail, Fashion, Luxury, Retail, Indenture, Sprint Corporation, Qurate Retail Group, Security (finance), Debenture

Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment to the holders as of November 1, 2023 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”).

Key Points: 
  • Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment to the holders as of November 1, 2023 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”).
  • Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures.
  • Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 4.0% of the adjusted principal amount.
  • Below is a detail of the amount of the semi-annual interest payment being made on the Debentures announced today, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from such payment, per $1,000 original principal amount of the Debentures:

NXT Announces US$2.5 Million Convertible Debenture Offering of Which US$1.0 Million Is Subscribed by an Insider

Retrieved on: 
Thursday, November 9, 2023
LP, Sale, CAD, SFD, Toronto Stock Exchange, News, Acquisition, NXT, Marketing, Indian stock exchange, Partnership, Interim, TSX, Security (finance), Debenture

The Debentures bear interest at 10.0% per annum, paid quarterly, and are due and payable two years after issuance of the Debenture.

Key Points: 
  • The Debentures bear interest at 10.0% per annum, paid quarterly, and are due and payable two years after issuance of the Debenture.
  • Mork Capital will now have the right to obtain an additional 5,530,973 Common Shares upon the conversion of the Debentures.
  • Mork Capital currently own an aggregate of 14,921,233 Common Shares, representing 19.13% of the currently issued and outstanding Common Shares of NXT.
  • The Company intends to complete the remaining US$1,500,000 of the Debenture offering on or before December 15, 2023.

MCAPM, LP and Michael P. Mork Acquire Convertible Debenture of NXT Energy Solutions Inc.

Retrieved on: 
Thursday, November 9, 2023
LP, Sale, Policy, CAD, Related, SFD, Early warning, News, Acquisition, National instrument, NXT, Indian stock exchange, TSX, Security (finance), Debenture

However, due to the current shareholdings of Mork Capital in NXT, no conversion of the Debentures can occur until shareholder approval of NXT’s shareholders is obtained.

Key Points: 
  • However, due to the current shareholdings of Mork Capital in NXT, no conversion of the Debentures can occur until shareholder approval of NXT’s shareholders is obtained.
  • Mork Capital currently own an aggregate of 14,921,233 Common Shares, representing 19.13% of the currently issued and outstanding Common Shares of NXT.
  • In addition, NXT has agreed to appoint a representative from Mork Capital to its board of directors in the near future.
  • Mork Capital are acquiring the Debentures, and the Common Shares into which the Debentures are convertible, for investment purposes.

ReGen III Provides General Update and Announces Convertible Debenture Offering

Retrieved on: 
Monday, October 30, 2023
Documentation, TSX Venture Exchange, Patent, U.S. Department of Energy, Office of Inspector General, Debenture, Regen, Certification, Independent Lubricant Manufacturers Association, Unit, IRA, UMO, Warrant, Air pollution, Engineering, Finnish III Corps (Continuation War), LPO, National bank, Inflation Reduction Act of 2022, Placement, National Bank of Canada, Annual general meeting, FSE, Recycling, DOE, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, Advanced Technology Vehicles Manufacturing Loan Program, Investment, Inflation, Copper, Security (finance), Exchange

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company commercializing the ReGen™ patented process to recycle used motor oil ("UMO") into high-value Group III base oils, is pleased to provide the following corporate update.

Key Points: 
  • Throughout September and October, ReGen III entered into additional non-disclosure agreements.
  • Physical samples of ReGen III's Group III base oils were sent to these entities for their in-house laboratory testing.
  • ReGen III looks forward to receiving continued positive Group III synthetic base oil test results from the most recent sample recipients.
  • Each Unit will consist of a $1,000 in principal amount of unsecured convertible debenture (a "Debenture") and 1,000 common share purchase warrants of the Company (a "Warrant").

Regenx Announces Closing of Convertible Debenture Offering

Retrieved on: 
Thursday, November 2, 2023
Person, Sale, Debenture, RGX, News, CSE, Catalysis, Canadian Securities Exchange, Indian stock exchange, Corporation, FSE, YRS, Security (finance)

The closing of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.

Key Points: 
  • The closing of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.
  • The offering is a non-brokered private placement of unsecured convertible debentures (“Debentures”).
  • The Debentures bear interest at the rate of fifteen percent (15%) per annum and will mature on July 1, 2025.
  • The Company intends to use the proceeds from the offering to further the Catalytic Converter Module One commercial scale up and general working capital purposes.

LSL Pharma Group Announces Closing of First Tranche of Convertible Debentures Offering

Retrieved on: 
Wednesday, November 1, 2023
Capital market, TSX Venture Exchange, Sale, CAD, Finance Secretary (India), Base rate, LSL, Public expenditure, Policy, EBITDA, Affordable Care Act Health Insurance Rate Review Program, Plan, IA, Acquisition, Exercise, Initial, Offering, Bank statement, Prospectus, Business, Class B share, Conversion, Security (finance), Life insurance, Debenture

The net proceeds of the Offering will be used for working capital, capital expenditures, and for general corporate purposes.

Key Points: 
  • The net proceeds of the Offering will be used for working capital, capital expenditures, and for general corporate purposes.
  • The Offering was led by iA Capital Markets as sole agent and sole bookrunner (the “Agent”).
  • In connection with the first tranche of the Offering, the Company paid to the Agent a cash commission of $160,510 and issued 229,300 broker warrants (the “Broker Warrants”).
  • All securities issued pursuant to the Offering are subject to the applicable statutory hold period of four months and one day from November 1, 2023 (the “Initial Closing Date”).

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2023 and Announces Increase in Total Dividends to $0.63 per share for the Quarter Ended December 31, 2023

Retrieved on: 
Monday, October 30, 2023
Line of credit, Treasury, SOFR, Equity, National Institute for Health and Care Excellence, Exercise, PTSD, Small Business Administration, Deutsche Bank, NAV, Primary Dealer Credit Facility, Share repurchase, Acquisition, Engineering, Small business, Credit, Safety, Investment, Patient, Revenue recognition, Debenture, SBIC, Note, Growth, Pharmacy, External commercial borrowing, Depression, State Board of Administration of Florida, SBA, UTI, Chronic pain, I-45, Credit Accumulation and Transfer Scheme, Common, Renewable energy, Bank, Security (finance), Holding company

For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.

Key Points: 
  • For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.
  • For the quarter ended September 30, 2023, total operating expenses (excluding interest expense) were $5.9 million, compared to $5.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, interest expense was $10.5 million as compared to $9.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, total pre-tax net investment income was $26.4 million, compared to $25.0 million in the prior quarter.