Société Générale

Generation Mining Announces US$400 Million Senior Debt Facility Mandate with EDC, ING, and Societe Generale

Retrieved on: 
Tuesday, May 2, 2023

A syndicate including Export Development Canada (“EDC”), together with ING Capital LLC (“ING”) and Societe Generale S.A. (“Societe Generale”) will act as the Mandated Lead Arrangers (“MLAs”).

Key Points: 
  • A syndicate including Export Development Canada (“EDC”), together with ING Capital LLC (“ING”) and Societe Generale S.A. (“Societe Generale”) will act as the Mandated Lead Arrangers (“MLAs”).
  • The formal Mandate includes a non-binding indicative term sheet (the “Term Sheet”) for a senior debt facility of up to US$400 million (the “Facility”).
  • The execution of the Mandate is a key milestone in the project financing process for the development of the Marathon Project.
  • EDC, ING, and Societe Generale were chosen as MLAs due to their extensive experience providing project finance to greenfield mining projects and the strength of their mining teams.

CarbonChain Raises $10M Series A to Accelerate Global Decarbonization through Carbon Accounting

Retrieved on: 
Tuesday, April 25, 2023

LONDON, April 25, 2023 /PRNewswire/ -- CarbonChain, an AI-fueled carbon accounting platform using granular data to provide end-to-end visibility into the carbon footprint of a company's supply chain, today announced its $10M Series A funding round, co-led by Union Square Ventures and Voyager Ventures. CarbonChain will use these funds to build new carbon accounting and reporting products, expand its customer base in the most carbon-intensive value chains (manufacturing, commodities, and heavy industry), and grow its team to meet increasing demand.  

Key Points: 
  • Global merchandise trade exceeds $20 trillion a year , and the supply chains that feed that trade are responsible for 60% of global emissions .
  • Despite global demand for quantifying and reducing carbon emissions to meet net-zero by 2050 , many organizations struggle to accurately measure and report their carbon footprint.
  • CarbonChain provides companies and financial institutions with accurate accounting of Scope 3 and supply chain emissions.
  • Through its verified and validated methodology and expansive database covering 80% of global emissions, CarbonChain enables carbon traceability, product carbon footprinting and the identification of real-time reduction opportunities.

CarbonChain Raises $10M Series A to Accelerate Global Decarbonization through Carbon Accounting

Retrieved on: 
Tuesday, April 25, 2023

LONDON, April 25, 2023 /PRNewswire/ -- CarbonChain, an AI-fueled carbon accounting platform using granular data to provide end-to-end visibility into the carbon footprint of a company's supply chain, today announced its $10M Series A funding round, co-led by Union Square Ventures and Voyager Ventures. CarbonChain will use these funds to build new carbon accounting and reporting products, expand its customer base in the most carbon-intensive value chains (manufacturing, commodities, and heavy industry), and grow its team to meet increasing demand.  

Key Points: 
  • Global merchandise trade exceeds $20 trillion a year , and the supply chains that feed that trade are responsible for 60% of global emissions .
  • Despite global demand for quantifying and reducing carbon emissions to meet net-zero by 2050 , many organizations struggle to accurately measure and report their carbon footprint.
  • CarbonChain provides companies and financial institutions with accurate accounting of Scope 3 and supply chain emissions.
  • Through its verified and validated methodology and expansive database covering 80% of global emissions, CarbonChain enables carbon traceability, product carbon footprinting and the identification of real-time reduction opportunities.

Endeavour Silver Provides Construction Update on the Terronera Project

Retrieved on: 
Thursday, April 20, 2023

VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to provide a construction update for its Terronera Project in Jalisco state, Mexico, along with the launch of a photo gallery that will be updated as activity on site progresses.

Key Points: 
  • VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to provide a construction update for its Terronera Project in Jalisco state, Mexico, along with the launch of a photo gallery that will be updated as activity on site progresses.
  • The photo gallery presentation can be found here or on the company website at Terronera Project Progress Photos .
  • The Company has expanded its technical and finance teams at the project while ramping up engineering and construction activities.
  • Initial project infrastructure – The temporary mine maintenance shop is operational and field offices have been installed at the mill site for improved construction oversight.

Endeavour Silver Announces Construction Decision for the Terronera Project in Jalisco State, Mexico; Executes Commitment Letter for Senior Secured Debt Facility of $120 Million

Retrieved on: 
Tuesday, April 18, 2023

Additional activities include onsite delivery of mobile mining equipment, assembly of initial project infrastructure and advanced earthworks with commencement of underground mine access development.

Key Points: 
  • Additional activities include onsite delivery of mobile mining equipment, assembly of initial project infrastructure and advanced earthworks with commencement of underground mine access development.
  • The Company has entered into a Commitment Letter with Societe Generale and ING Bank N.V. with certain definitive terms agreed to for a senior secured debt facility for up to $120 million (the “Debt Facility”).
  • “We are very pleased with the financial commitments that Societe Generale and ING have made towards the development of the Terronera Project.
  • Technical, environmental, and social due diligence has been completed by Societe Generale and ING to issue their Commitment Letter.

Griffin Global Asset Management Upsizes Warehouse Facility to $2 Billion

Retrieved on: 
Wednesday, April 5, 2023

DUBLIN, Ireland, April 05, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) announced today that on April 4, 2023 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), have upsized its senior secured warehouse facility to $2 billion.

Key Points: 
  • DUBLIN, Ireland, April 05, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) announced today that on April 4, 2023 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), have upsized its senior secured warehouse facility to $2 billion.
  • “We are pleased to announce the upsizing of our warehouse facility to $2 billion, which doubles the size of the initial facility that was closed in 2021.
  • Griffin has continued to expand our banking group with the addition of Citi and SMBC along with the increased commitment from Bank of Montreal.
  • Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders.

NextDecade Clarifies Recent News Articles about its Financial Advisors

Retrieved on: 
Tuesday, March 28, 2023

Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQ: NEXT) is clarifying the following:

Key Points: 
  • Following recent news articles about its financial advisors, NextDecade Corporation (NextDecade) (NASDAQ: NEXT) is clarifying the following:
    Macquarie Capital (USA) Inc. has been NextDecade’s financial advisor since the second quarter of 2017;
    MUFG Bank, Ltd. (MUFG) has been NextDecade’s financial advisor since the first quarter of 2022; and
    Societe Generale (SocGen) has not been NextDecade’s financial advisor since the first quarter of 2022.

Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh

Retrieved on: 
Wednesday, March 15, 2023

The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.”

Key Points: 
  • The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.”
    This press release features multimedia.
  • There are clear investment opportunities in energy and renewables, in tourism and to benefit from the rise in the consumer economy.”
    HE Eng.
  • But the world has not noticed enough what is happening in Saudi Arabia but soon investors will have no choice but to invest here.
  • Global investors have to be a part of Vision 2030.”
    Looking at the global economic situation, Seth Carpenter, Global Chief Economist, Morgan Stanley, “As Morgan Stanley, we are pretty optimistic about Asia, specifically China, Japan, India and Saudi Arabia.