Issuer

Caesars Entertainment, Inc. Announces the Expiration and Results of Tender Offer for 5.750% Senior Secured Notes Due 2025

Retrieved on: 
Thursday, February 1, 2024
Casino, Gaming, Lodging, Entertainment, Destinations, Travel, Tender offer, Issuer, Caesar, Telephone, Settlement date, Attention, Sale, Deutsche Bank, Tender, Security (finance)

Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Key Points: 
  • Not including any amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • $5,711,000 of the Notes were tendered through the guaranteed delivery procedures and we expect to accept such Notes for purchase upon their timely delivery.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).

Caesars Entertainment, Inc. Announces Pricing of Tender Offer for 5.750% Senior Secured Notes Due 2025

Retrieved on: 
Tuesday, January 30, 2024
Tourist Attractions, Casino, Gaming, Lodging, Entertainment, Travel, Tender offer, Issuer, Caesar, Telephone, Attention, Sale, Deutsche Bank, Tender, Security (finance)

(1) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest up to, but excluding, the settlement date of the Tender Offer.

Key Points: 
  • (1) Per $1,000 principal amount of Notes accepted for purchase and excluding accrued and unpaid interest up to, but excluding, the settlement date of the Tender Offer.
  • Completion of the Tender Offer is subject to certain market and other conditions, including the completion by the Issuers of new debt financing on terms and conditions satisfactory to them.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).

Frigorífico Concepción S.A. Announces Consent Solicitation

Retrieved on: 
Friday, February 2, 2024
DTC, Expiration, Date, Effective date, Limitation, BofA Securities, Condition, Solicitation, Amendment, Okapi BM25, Finance Secretary (India), Issuer, Originality, Collateral, Debt, Consent, Landing slot, J.P. Morgan & Co., Sale, Information, Security (finance)

ASUNCIÓN, Paraguay, Feb. 2, 2024 /PRNewswire/ -- Frigorífico Concepción S.A. (the "Company") hereby announces the commencement of its solicitation of consents (the "Consent Solicitation") to holders of its 7.700% Senior Secured Notes due 2028 for amendments to certain provisions of the Indenture governing the 2028 Notes, dated as of July 21, 2021 (the "Indenture"), among the Company, as Issuer, Frigorífico BFC S.A. (the "Bolivian Guarantor"), as Guarantor, The Bank of New York Mellon, as Trustee, Registrar and Paying Agent (the "Trustee"), and GLAS Americas LLC, as collateral agent (the "Collateral Agent").

Key Points: 
  • As of the date of the Consent Solicitation Statement, US$300,000,000 in aggregate principal amount of the 2028 Notes remains outstanding.
  • The Concurrent New Notes Offering is being conducted concurrently with the Consent Solicitation and is conditional upon the consummation of the Consent Solicitation.
  • The Expiration Time for the Consent Solicitation is 5:00 p.m., New York City time, on February 9, 2024 (as such time may be extended by Frigorífico Concepción S.A. in its sole discretion, the "Expiration Time").
  • BofA Securities, Inc. and J.P. Morgan Securities LLC are the Solicitation Agents in connection with the Consent Solicitation.

CGI reports first quarter Fiscal 2024 results

Retrieved on: 
Wednesday, January 31, 2024
EDGAR, EPS, GIB, Consultant, International, Tax, Adjustment, Investment, TSX, Hand, CGI, International Financial Reporting Standards, Acquisition, Issuer, Bank statement, Buy, Security (finance)

MONTRÉAL, Jan. 31, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)

Key Points: 
  • MONTRÉAL, Jan. 31, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)
    "CGI began fiscal year 2024 in a strong position, again demonstrating the resilience of our model and the disciplined execution of our plan," said George D. Schindler, President and Chief Executive Officer.
  • CGI's outcome-based offerings, particularly those focused on generating cost savings and accelerating modernization—including through AI—continue to resonate with clients.
  • Our robust balance sheet, further strengthened in the quarter by the operational and delivery excellence of our team, enables us to continue driving our build and buy profitable growth strategy."
  • For the first quarter of Fiscal 2024, the Company reported revenue of $3.60 billion, representing a year-over-year increase of 4.4%.

GeneDx Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, January 24, 2024
GeneDx, RSU, Issuer, Employment, Common stock

The RSUs were granted under GeneDx’s 2023 Equity Inducement Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • The RSUs were granted under GeneDx’s 2023 Equity Inducement Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The inducement RSUs will vest in equal annual installments over the four-year period following the grant date, subject to the employee’s continued service with the Company on each applicable vesting date.
  • Each RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
  • Typically, upon full vesting, shares are sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs and funded by a "sell to cover" transaction.

Prime Drink Group Corp. Enters Into Binding Letter of Intent To Acquire Triani Canada Inc.

Retrieved on: 
Monday, January 22, 2024
Legislation, Issuer, Sale, LOI, Multilateral, Letter, Consideration, Growth, IP, Transaction, Prospectus, Marketing, Name, Canadian Securities Exchange, Innovation, Exercise, Concurrency, Octane, Consolidation, Alcoholism, Adjustment, Branding, Minority, Intellectual property, News, Security (finance)

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).

Key Points: 
  • MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).
  • Founded in 2015, Triani experienced solid growth following the company’s successful foray into Québec grocery stores with its Cantini, Ettaro, and Enjoy wine brands.
  • Triani produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand.
  • There can be no assurance that the trading of Prime Shares will resume prior to the completion of the Proposed Transaction.

KBRA Assigns AAA Rating to Texas Transportation Commission State of Texas Highway Improvement General Refunding Bonds, Series 2024; Affirms Related State G.O. Ratings

Retrieved on: 
Friday, January 26, 2024
Banking, Professional Services, Insurance, Finance, KBRA, Issuer, European, Jules Kroll

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Key Points: 
  • A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.
  • Information on the meaning of each rating category can be located here.
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

Caesars Entertainment, Inc. Announces Commencement of Tender Offer for 5.750% Senior Secured Notes Due 2025

Retrieved on: 
Wednesday, January 24, 2024
Casino, Gaming, Events, Concerts, General Entertainment, Other Entertainment, Entertainment, Issuer, Caesar, Tender offer, Deutsche Bank, Sale, Telephone, Attention, Tender, Security (finance)

Completion of the Tender Offer is subject to certain market and other conditions, including the completion by the Issuers of new financing on terms and conditions satisfactory to them.

Key Points: 
  • Completion of the Tender Offer is subject to certain market and other conditions, including the completion by the Issuers of new financing on terms and conditions satisfactory to them.
  • The Issuers may amend, extend or, subject to certain conditions and applicable law, terminate the Tender Offer at any time in its sole discretion.
  • The Tender Offer is not conditioned on any minimum amount of Notes being tendered.
  • Questions regarding the terms of the Tender Offer may be directed to J.P. Morgan Securities LLC by telephone at (866) 834-4666 (U.S. toll-free) and (212) 834-4087 (collect).

AM Best Places Issue Credit Rating of Atradius Finance B.V. Under Review With Positive Implications Following Updated Best’s Credit Rating Methodology Release

Retrieved on: 
Thursday, January 18, 2024
Professional Services, Insurance, Finance, Credit, ALL, Part, Issuer, Good, Credit rating, Notching, EUR, News, AM Best, Security (finance)

The main updates to BCRM focus on Part IV: Insurance Holding Company and Issue Credit Ratings.

Key Points: 
  • The main updates to BCRM focus on Part IV: Insurance Holding Company and Issue Credit Ratings.
  • The changes are related primarily to the notching used to derive the Long-Term Issuer Credit Rating of an insurance holding company and associated issue ratings.
  • AM Best will assess the issue under the revised approach to holding company and debt notching under the updated BCRM and will complete any corresponding Credit Rating (rating) update in the near term.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

KBRA Assigns Preliminary Ratings to Oxford Finance Credit Fund III 2024-A LP

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Finance, KBRA, Servicing, Issuer, Fund, Telescopic sight

KBRA assigns preliminary ratings to three classes of notes issued by Oxford Finance Credit Fund III 2024-A LP (the Issuer or Oxford 2024-A).

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by Oxford Finance Credit Fund III 2024-A LP (the Issuer or Oxford 2024-A).
  • Oxford 2024-A is primarily secured by a pool of senior secured loans co-originated by Oxford Finance Credit Fund III LP (the Fund) alongside Oxford Finance LLC (Oxford or an Originator, and together with the Fund, the Originators), or originated by Oxford and acquired by the Fund from Oxford, to companies operating in the healthcare industry and adjacent markets and serviced by Oxford Finance Advisors, LLC (the Servicer or Oxford Finance Advisors), a subsidiary of Oxford.
  • The Fund will be retaining the equity in Oxford 2024-A.
  • The exposures to Healthcare Loans and Life Sciences Loans are 78.3% and 21.7% of the Statistical Pool Balance, respectively.