Credit agreements in South Africa

mdf commerce reports Second Quarter of Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
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The Corporation announces the closure of Réseau Contact and Power Source Online, two emarketplaces businesses

Key Points: 
  • The Corporation announces the closure of Réseau Contact and Power Source Online, two emarketplaces businesses
    MONTRÉAL, Nov. 07, 2023 (GLOBE NEWSWIRE) -- mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported second quarter financial results for the three-month period ended September 30, 2023 (“Q2 FY2024”).
  • “Our strategic and operational focus on accelerating organic growth, increasing operational efficiency and profitability is showing traction in our Q2 FY2024 results.
  • We reported a fifth consecutive quarter of positive Adjusted EBITDA1 and significantly reduced our net loss compared to Q2 FY2023 and Q1 FY2024” said Deborah Dumoulin, Chief Financial Officer of mdf commerce.
  • Recurring Revenue4 was $24.4 million or 79.2% of revenues in Q2 FY2024 compared to $26.5 million or 79.0% in Q2 FY2023.

LL Flooring Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
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LL Flooring Holdings, Inc. ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended September 30, 2023.

Key Points: 
  • LL Flooring Holdings, Inc. ("LL Flooring" or "Company") (NYSE: LL), a leading specialty retailer of hard-surface flooring in the U.S., today announced financial results for the quarter ended September 30, 2023.
  • During the third quarter, the Company opened one store, bringing total stores to 443 as of September 30, 2023.
  • Loss per diluted share was $1.25 for the third quarter compared to $0.13 for the third quarter of last year.
  • Adjusted loss per diluted share1 was $0.78 for the third quarter compared to $0.14 for the third quarter of last year.

USD Partners LP Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
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USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three and nine months ended September 30, 2023.

Key Points: 
  • USD Partners LP (NYSE: USDP) (the “Partnership”) announced today its operating and financial results for the three and nine months ended September 30, 2023.
  • In October 2023, the customer elected to extend the terminalling services agreement through January 2024.
  • The Partnership had lower operating costs during the third quarter of 2023 as compared to the third quarter of 2022.
  • Adjusted EBITDA for the third quarter of 2023 decreased by 84% when compared to the same period in 2022 due primarily to the factors discussed above.

RXO Announces Results for Third-Quarter 2023, Including 18 Percent Brokerage Volume Growth

Retrieved on: 
Tuesday, November 7, 2023
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Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to execute well in the third quarter.

Key Points: 
  • Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to execute well in the third quarter.
  • We achieved a record number of loads per day in our brokerage business and grew brokerage volume by double-digits for the second consecutive quarter.
  • Our experienced team, our deep customer relationships, and continued adoption of our cutting-edge, AI-enabled technology all contributed to our results.
  • “While RXO’s results improved as the third quarter progressed, the market remains soft and we’re monitoring the freight markets closely.

InfuSystem Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
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InfuSystem Holdings, Inc. (NYSE American: INFU) (“InfuSystem” or the “Company”), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • InfuSystem Holdings, Inc. (NYSE American: INFU) (“InfuSystem” or the “Company”), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, today reported financial results for the third quarter ended September 30, 2023.
  • The financial results of our third quarter represent the seventh consecutive quarter with record revenue, which we believe reflect the fundamental strength of our business.
  • Gross profit for the third quarter of 2023 of $16.2 million increased slightly compared to the third quarter of 2022.
  • The Company will conduct a conference call for all interested investors on Tuesday, November 7, 2023, at 9:00 a.m. Eastern Time to discuss its third quarter 2023 financial results.

Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility

Retrieved on: 
Tuesday, November 7, 2023
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Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that it has received a new $150 million credit facility from Ares Capital Corporation (“the Facility”) to replace its existing $90 million senior credit facility.

Key Points: 
  • Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that it has received a new $150 million credit facility from Ares Capital Corporation (“the Facility”) to replace its existing $90 million senior credit facility.
  • The Facility is comprised of up to $100 million in term loans, with $75 million drawn at close, and a $50 million revolving credit facility, with $25 million drawn at close.
  • The Company’s September 30, 2023, pro forma liquidity is $147.0 million, including $97.0 million of pro forma cash and $50 million of available borrowings under the Facility.
  • “We are excited to partner with Paragon 28, a truly innovative and high growth company,” said Doug Dieter, Partner in Ares’ Credit Group.

CVR Energy Reports Third Quarter 2023 Results, Announces a Cash Dividend of 50 Cents and a Special Dividend of $1.50

Retrieved on: 
Monday, October 30, 2023
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Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.

Key Points: 
  • Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.
  • “CVR Energy achieved solid results for the 2023 third quarter driven by continued strong crack spreads,” said Dave Lamp, CVR Energy’s Chief Executive Officer.
  • “In addition to our third quarter 2023 cash dividend of 50 cents, our Board of Directors was pleased to approve a special dividend of $1.50 per share, bringing our year-to-date declared dividends to $4.00 per share.
  • CVR Energy announced a third quarter 2023 cash dividend of 50 cents per share.

CVR Partners Reports Third Quarter 2023 Results and Announces a Cash Distribution of $1.55

Retrieved on: 
Monday, October 30, 2023
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EBITDA was $32 million for the third quarter of 2023, compared to EBITDA of $10 million for the third quarter of 2022.

Key Points: 
  • EBITDA was $32 million for the third quarter of 2023, compared to EBITDA of $10 million for the third quarter of 2022.
  • “CVR Partners posted solid operating results for the 2023 third quarter driven by safe, reliable operations with a combined ammonia production rate of 99 percent,” said Mark Pytosh, Chief Executive Officer of CVR Partners’ general partner.
  • CVR Partners also announced that on October 30, 2023, the Board of Directors of the Partnership’s general partner (the “Board”) declared a third quarter 2023 cash distribution of $1.55 per common unit, which will be paid on November 20, 2023, to common unitholders of record as of November 13, 2023.
  • CVR Partners previously announced that it will host its third quarter 2023 Earnings Conference Call on Tuesday, October 31, at 11 a.m. Eastern.

USD Partners Announces Additional Waiver Extension Agreement Under Credit Agreement

Retrieved on: 
Thursday, November 2, 2023
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USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Second Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Waiver Extension Agreement, dated as of October 6, 2023, from its expiration date of November 3, 2023 to November 17, 2023 (the “New Expiration Date”).

Key Points: 
  • USD Partners LP (NYSE: USDP) (the “Partnership”) announced today that it has entered into an agreement (the “Second Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Waiver Extension Agreement, dated as of October 6, 2023, from its expiration date of November 3, 2023 to November 17, 2023 (the “New Expiration Date”).
  • Pursuant to the Second Waiver Extension Agreement, the lenders and administrative agent have agreed to (i) continue to forbear until the New Expiration Date from exercising any rights or remedies arising from certain events of default or prospective events of default described in the previously announced Fourth Amendment to Credit Agreement and the Second Waiver Extension Agreement and (ii) temporarily waive, until the New Expiration Date, events of default arising from the non-payment of amounts due on the maturity date.
  • Additional details regarding the terms of the Second Waiver Extension Agreement will be provided in the Partnership’s related Current Report on Form 8-K that will be filed with the SEC.

USA Compression Partners Reports Third-Quarter 2023 Results; Updates 2023 Outlook; Achieves Record Revenues and Revenue-generating Horsepower

Retrieved on: 
Tuesday, October 31, 2023
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Horsepower utilization based on revenue-generating horsepower and fleet horsepower was 90.9%, 90.1%, and 84.3% at September 30, 2023, June 30, 2023, and September 30, 2022, respectively.

Key Points: 
  • Horsepower utilization based on revenue-generating horsepower and fleet horsepower was 90.9%, 90.1%, and 84.3% at September 30, 2023, June 30, 2023, and September 30, 2022, respectively.
  • Average horsepower utilization based on revenue-generating horsepower and fleet horsepower was 90.0%, 89.0%, and 83.4% for the three months ended September 30, 2023, June 30, 2023, and September 30, 2022, respectively.
  • The Partnership’s Total Leverage Ratio as of September 30, 2023 was 4.21x, compared to 4.51x as of June 30, 2023.
  • Dial (888) 440-5655 at least 10 minutes before the call and ask for the USA Compression Partners Earnings Call or conference ID 8970064.