Sheet

The Company Announces That It Has Entered Into a Non-Binding Term Sheet for $130 Million Term Loan

Retrieved on: 
Friday, February 16, 2024

SECAUCUS, N.J., Feb. 16, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a non-binding term sheet with 1903P Loan Agent, LLC (“Gordon Brothers”), as Lender, Administrative Agent and Collateral Agent, (the “Term Sheet”), for a $130 million term loan (the “Term Loan”).

Key Points: 
  • SECAUCUS, N.J., Feb. 16, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a non-binding term sheet with 1903P Loan Agent, LLC (“Gordon Brothers”), as Lender, Administrative Agent and Collateral Agent, (the “Term Sheet”), for a $130 million term loan (the “Term Loan”).
  • Additional details concerning the Term Sheet, certain of the expected terms of the Term Loan, and the Company’s ongoing activities concerning strategic alternatives, may be found in the Form 8-K filed by the Company with the Securities and Exchange Commission on February 16, 2024.

Unifiller Introduces the All-In-One Sheetcake Icing Station

Retrieved on: 
Thursday, January 4, 2024

VANCOUVER, BC, Jan. 4, 2024 /PRNewswire-PRWeb/ -- Unifiller Systems, a global leader in portioning equipment is pleased to announce the launch of the Sheetcake Icing Station

Key Points: 
  • Unifiller Systems, a global leader in portioning equipment is pleased to announce the launch of the Sheetcake Icing Station The Sheet Cake Icing Station is a testament to Unifiller's commitment to innovation and efficiency in the bakery industry.
  • The Sheet Cake Icing Station is a testament to Unifiller's commitment to innovation and efficiency in the bakery industry.
  • According to Sonia Bal, Director of Global Marketing at Unifiller, "We're excited to introduce the Sheet Cake Icing Station to the market.
  • The Sheetcake Icing Station is equipped with a servo-driven icing depositor that ensures precise and consistent icing front, back, top and side icing application.

Astra Announces Closing of Additional Debt Financing and Waiver of Previously Announced Defaults

Retrieved on: 
Monday, November 6, 2023

This Initial Financing is connected to Astra’s announcement in a report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2023 of the execution of a non-binding term sheet (the “Term Sheet”).

Key Points: 
  • This Initial Financing is connected to Astra’s announcement in a report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 23, 2023 of the execution of a non-binding term sheet (the “Term Sheet”).
  • The Term Sheet contemplates a financing of at least $15.0 million, from the Investors and other potential investors, and up to $25.0 million (the “Proposed Financing”).
  • Astra is in continuing discussions concerning the Proposed Financing with the Investors.
  • The Bridge Notes, the Warrants and any securities issued in connection with the Proposed Financing may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

BEDGEAR Unveils Revolutionary Split Head Line: A Personalized Sleep System for Couples

Retrieved on: 
Thursday, October 12, 2023

Engineered for intimacy and comfort, BEDGEAR's Split Head design minimizes separation, delivering an uninterrupted sleeping experience unlike other Split Head mattresses on the market.

Key Points: 
  • Engineered for intimacy and comfort, BEDGEAR's Split Head design minimizes separation, delivering an uninterrupted sleeping experience unlike other Split Head mattresses on the market.
  • BEDGEAR's Split Head Sleep System addresses the diverse needs of couples, promoting better sleep and, consequently, overall well-being.
  • The BEDGEAR Split Head Sleep System line is available for purchase at select retailers and on BEDGEAR's official website now.
  • For more information about BEDGEAR and its revolutionary Split Head Sleep System, please visit www.bedgear.com

Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report 2023 - Global Forecast to 2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, October 2, 2023

The "Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Sheet & Film, Strapping), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Recycled Polyethylene Terephthalate Market Size, Share & Trends Analysis Report By Product (Clear, Colored), By End-use (Fiber, Sheet & Film, Strapping), By Region (Asia Pacific, North America), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global recycled polyethylene terephthalate (rPET) market is poised for significant growth, with an anticipated market size of USD 18.7 billion by 2030.
  • As a result, there is an increasing adoption of recycled plastics, particularly recycled polyethylene terephthalate (PET), across various industries, including packaging and textiles.
  • Key Highlights from the Recycled Polyethylene Terephthalate Market Report:
    North America's regional market reached USD 10.1 billion in 2022 and is expected to maintain an 8.3% CAGR from 2023 to 2030.

Global Recycled Polyethylene Terephthalate Market Analysis Report 2023-2030: Circular Economy Initiatives Drive rPET Market - Sustainable Practices Transform Industries

Retrieved on: 
Tuesday, September 26, 2023

The global recycled polyethylene terephthalate (rPET) market is poised for significant growth, with an anticipated market size of USD 18.7 billion by 2030.

Key Points: 
  • The global recycled polyethylene terephthalate (rPET) market is poised for significant growth, with an anticipated market size of USD 18.7 billion by 2030.
  • As a result, there is an increasing adoption of recycled plastics, particularly recycled polyethylene terephthalate (PET), across various industries, including packaging and textiles.
  • Recycled polyethylene terephthalate (rPET) finds application in the development of both colored and clear (white/non-colored) products.
  • The thriving rPET market reflects the growing importance of sustainability and recycling in the global economy, with opportunities for businesses to contribute to eco-friendly practices and meet market demand.

Westlake Royal Building Products Announces New Protective Film for Kleer® PVC Trim and Sheet Products

Retrieved on: 
Tuesday, July 11, 2023

Westlake Royal Building Products USA, Inc. (Westlake Royal), a Westlake company (NYSE:WLK), announced today that it has added clear, protective film to its Kleer® Trim and Sheet products in both smooth and wood grain surfaces.

Key Points: 
  • Westlake Royal Building Products USA, Inc. (Westlake Royal), a Westlake company (NYSE:WLK), announced today that it has added clear, protective film to its Kleer® Trim and Sheet products in both smooth and wood grain surfaces.
  • This new protective film for our Kleer products is designed to keep the products untarnished throughout all stages of their journey, including storage, handling, shipping, repackaging and installation.
  • That’s why we are excited to introduce this new, protective film for our Kleer product line,” said Steve Booz, vice president, marketing, Westlake Royal Building Products.
  • “This extra layer of protection allows the product to remain clean and pristine at the jobsite.”
    The advantages of this protective film include:
    Keeping trim clean during shipping, storing, handling
    To learn more about the new protective film for Kleer products, visit https://kleerlumber.com .

Cloopen Enters into Binding Term Sheet to Settle U.S. Securities Class Actions

Retrieved on: 
Wednesday, June 14, 2023

BEIJING, June 14, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (OTC: RAASY) ("Cloopen" or the "Company") today announced that, on June 5, 2023, it entered into a binding term sheet (the "Term Sheet") for the settlement of class action lawsuits commenced in April 2021 in the New York Supreme Court (captioned Sonny St. John v. Cloopen Group Holding Limited et al., Index No.

Key Points: 
  • BEIJING, June 14, 2023 /PRNewswire/ -- Cloopen Group Holding Limited (OTC: RAASY) ("Cloopen" or the "Company") today announced that, on June 5, 2023, it entered into a binding term sheet (the "Term Sheet") for the settlement of class action lawsuits commenced in April 2021 in the New York Supreme Court (captioned Sonny St. John v. Cloopen Group Holding Limited et al., Index No.
  • )), collectively alleging claims for violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
  • The Term Sheet requires Cloopen to pay a total of US$12.0 million in cash to the plaintiff class, representing approximately 6% of its cash and cash equivalents as of May 31, 2023 based on unaudited management accounts.
  • The settlement is subject to certain conditions including entering into a final settlement agreement, notice to the class members, and court approval.

MultiMetaVerse Announces Term Sheet Signed to Acquire Equity Stake in Taomee

Retrieved on: 
Friday, June 2, 2023

The Term Sheet updates certain terms regarding the proposed acquisition (the "Proposed Transaction") of equity stake in Taomee group (the "Target Group") by the Company and/or is affiliates, following the Company's earlier announcement, dated January 12, 2023, of its entering of the letter of intent with Orient TM Ruibo Limited.

Key Points: 
  • The Term Sheet updates certain terms regarding the proposed acquisition (the "Proposed Transaction") of equity stake in Taomee group (the "Target Group") by the Company and/or is affiliates, following the Company's earlier announcement, dated January 12, 2023, of its entering of the letter of intent with Orient TM Ruibo Limited.
  • We are conducting due diligence on the Target Group with the full support of Sellers and management of the Target Group.
  • We believe that the Proposed Transaction will expand our IP brand portfolio, improve our earning base and bring good value to shareholders of the Company."
  • Founded in 2007, Taomee Holdings Limited is one of China's leading entertainment and media companies for younger generations, with well-received original brands including "Mole's World," "Seer" and "Flower Angel."

Brenmiller Energy Reports First Quarter 2023 Financial Results and Operational Update

Retrieved on: 
Thursday, May 25, 2023

Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy”) (Nasdaq: BNRG; TASE: BNRG), a global leader in thermal energy storage (“TES”), today announced financial results as of and for the three months ended March 31, 2023, in addition to operational and recent business development updates.

Key Points: 
  • Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy”) (Nasdaq: BNRG; TASE: BNRG), a global leader in thermal energy storage (“TES”), today announced financial results as of and for the three months ended March 31, 2023, in addition to operational and recent business development updates.
  • We are actively pursuing numerous additional opportunities that we believe will advance into large-scale revenue-generating projects,” stated Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy.
  • The approved grant is to fund the clean energy project outlined in a Memorandum of Understanding ("MOU") between Brenmiller and the beverage company.
  • Dimona Israel Production Facility: World’s First Gigafactory for Thermal Energy Storage: On May 2, 2023, Brenmiller inaugurated its TES gigafactory in Dimona, Israel.