Tranche

Mount Logan Capital Inc. Completes Final Tranche of Private Placement

Wednesday, November 25, 2020 - 7:37pm

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan or the Company) is pleased to announce that it has completed the second and final tranche of its previously announced best efforts private placement (the Private Placement) and issued an additional 250,182 common shares of the Company (the Shares) at a purchase price of $2.75 per Share for additional gross proceeds of $688,000.

Key Points: 
  • TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan or the Company) is pleased to announce that it has completed the second and final tranche of its previously announced best efforts private placement (the Private Placement) and issued an additional 250,182 common shares of the Company (the Shares) at a purchase price of $2.75 per Share for additional gross proceeds of $688,000.
  • The Private Placement was conducted through a syndicate of agents led by Canaccord Genuity Corp. and including ATB Capital Markets Inc. and Stifel GMP.
  • The Shares issued pursuant to the Private Placement are subject to a hold period of four months from the closing date of the applicable tranche of the Private Placement.
  • About Mount Logan Capital Inc.
    Mount Logan Capital Inc. is an alternative asset management company that is focused on public and private debt securities in the North American market.

TFI International Announces Private Placement of US $500 Million Senior Notes

Monday, November 23, 2020 - 1:00pm

TFI International intends to use the net proceeds from the issuance of the senior notes primarily to repay existing debt as well as for general corporate purposes, which may include acquisitions.

Key Points: 
  • TFI International intends to use the net proceeds from the issuance of the senior notes primarily to repay existing debt as well as for general corporate purposes, which may include acquisitions.
  • The four tranches of aggregate principal amount of senior notes will include: (a) US $150 million aggregate principal amount of 3.15% Guaranteed Senior Notes, Series A, due January 5, 2029; (b) US $150 million aggregate principal amount of 3.25% Guaranteed Senior Notes, Series B, due January 5, 2031; (c) US $150 million aggregate principal amount of 3.35% Guaranteed Senior Notes, Series C, due January 5, 2033; and (d) US $50 million aggregate principal amount of 3.50% Guaranteed Senior Notes, Series D, due January 5, 2036.
  • The private placement of the senior notes is expected to close on or about January 5, 2021, subject to customary conditions.
  • The notes will be senior unsecured obligations issued by TForce Holdings Inc., a wholly-owned subsidiary of TFI International, and unconditionally guaranteed by TFI International and substantially all of its subsidiaries.

Turkiye Garanti Bankasi A.S.: Announcement regarding Syndicated Loan Agreement

Thursday, November 19, 2020 - 7:03am

On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.

Key Points: 
  • On 18.11.2020 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 267.500.000 and 312.000.000 comprising of two separate tranches.
  • The loan which will be used for trade finance purposes has been executed with commitments received from 30 financial institutions from 18 countries.
  • The all-in cost for USD and EUR tranches have been realized as Libor + 2.50% and Euribor + 2.25% respectively.
  • The total loan amount may be increased with new participations through the accordion terms under the agreement.

WOW Unlimited Media Inc. Announces Closing of First Tranche of Non-brokered Private Placement of Unsecured Convertible Debentures

Tuesday, November 17, 2020 - 11:05pm

or the Company) (TSXV: WOW; OTCQX: WOWMF) is pleased to announce that it has closed the first tranche (the First Tranche Closing) of its previously announced non-brokered private placement offering of unsecured subordinated convertible debentures (the Debentures) for gross proceeds of $2,639,000.

Key Points: 
  • or the Company) (TSXV: WOW; OTCQX: WOWMF) is pleased to announce that it has closed the first tranche (the First Tranche Closing) of its previously announced non-brokered private placement offering of unsecured subordinated convertible debentures (the Debentures) for gross proceeds of $2,639,000.
  • issued 2,639 Debentures at an issue price of $1,000 per $1,000 principal amount of Debentures.
  • The Debentures were issued pursuant to the terms of a debenture indenture entered into between the WOW!
  • The investors subscribing for Debentures in the Second Tranche are fully comprised of holders of the Companys existing convertible debentures which mature on December 14, 2020 (the Existing Debentures).

KBRA Assigns Preliminary Ratings to Notes Issued by Genesis Sales Finance Master Trust, Series 2020-A

Monday, November 16, 2020 - 7:38pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Genesis Sales Finance Master Trust, Series 2020-A (GSFMT Series 2020-A), a credit card asset-backed securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Genesis Sales Finance Master Trust, Series 2020-A (GSFMT Series 2020-A), a credit card asset-backed securitization.
  • The ratings reflect the initial credit enhancement level range of 49.10% for the Class A notes to 8.50% for the Class E notes.
  • In considering this risk, KBRA applied additional stress scenarios by increasing its expected base case charge-off rate assumption and decreasing its monthly payment rate assumption.
  • KBRA also conducted an operational assessment of Genesis, as well as a review of the transactions legal structure and transaction documents.

Deer Horn Completes 1st Tranche Closing of Non-Brokered Private Placement

Friday, November 6, 2020 - 1:30pm

VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Deer Horn Capital Inc. (CSE: DHC) (the Company or Deer Horn), announces that is has closed the first tranche (the First Tranche) of its non-brokered private placement (the Offering) previously announced on October 14, 2020.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Deer Horn Capital Inc. (CSE: DHC) (the Company or Deer Horn), announces that is has closed the first tranche (the First Tranche) of its non-brokered private placement (the Offering) previously announced on October 14, 2020.
  • Deer Horn also issued 1,000,000 units to settle debt of $50,000 owed to Docherty Capital Corp. (DCC), a private company owned and controlled by Tyrone Docherty.
  • After completion of the debt settlement issuances, Mr. Docherty now owns/controls 4,552,790 shares of Deer Horn representing approximately 14.7% of the outstanding shares of Deer Horn on a non-diluted basis.
  • Mr. Docherty may acquire additional shares or Deer Horn or dispose of Deer Horn shares (through market or private transaction) from time to time.

Oxford Lane Capital Corp. Provides October 2020 Net Asset Value Update

Thursday, November 5, 2020 - 1:00pm

GREENWICH, Conn., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) today announced the following net asset value (NAV) estimate as of October 31, 2020.

Key Points: 
  • GREENWICH, Conn., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) today announced the following net asset value (NAV) estimate as of October 31, 2020.
  • This estimate is not a comprehensive statement of our financial condition or results for the month ended October 31, 2020.
  • The preliminary financial data included in this press releasehas been prepared by, and is the responsibility of, Oxford Lane Capital Corp.'smanagement.
  • Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles.

DGAP-News: NEAG receives onshore wind funding: a facility for different project stages

Tuesday, November 3, 2020 - 8:02am

NEAG receives onshore wind funding: a facility for different project stages

Key Points: 
  • NEAG receives onshore wind funding: a facility for different project stages
    The issuer is solely responsible for the content of this announcement.
  • Hamburg based independent power producer ("IPP") NEAG Norddeutsche Energie AG ("NEAG") secured an innovative financing facility dedicated to fund onshore wind projects in development phase, projects under construction and a portfolio of operating assets.
  • The financing scheme consists of three different tranches with different use of funds.
  • We are proud to have developed together with the Capcora specialists an innovate financing facility which exactly meets our different funding needs.

MedMen Announces Increased Financing Commitment – Designated News Release

Monday, November 2, 2020 - 9:30pm

The remaining US$8,000,000 is related to the unsecured convertible facility, with additional tranches expected to close in the coming months.

Key Points: 
  • The remaining US$8,000,000 is related to the unsecured convertible facility, with additional tranches expected to close in the coming months.
  • The Company previously closed on US$3,000,000 (Initial Closing) of the US$10,705,279 financing commitment under the Senior Secured Term Loan.
  • Further details on the financing commitments are available can be found on the Companys press release dated September 16, 2020.
  • Learn more about MedMen and The MedMen Foundation at www.medmen.com .

Better Choice Closes Third Tranche of Series F and Completes Equity Raise Totaling Cumulative $21.7M

Tuesday, October 27, 2020 - 12:30pm

Final Tranche is Anchored by Iconic Consumer Packaged Goods Private Equity Firm, Cambridge Companies SPG

Key Points: 
  • Final Tranche is Anchored by Iconic Consumer Packaged Goods Private Equity Firm, Cambridge Companies SPG
    NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (OTCQB: BTTR) (Better Choice or the Company), an animal health and wellness company, today announced the closing of its third and final tranche of Series F equity capital.
  • Cumulative funding totals $21.7M, with third round being anchored by consumer packaged goods (CPG) specialist Cambridge SPG.
  • "We have been following the growth of Better Choice for the last 2+ years and are extremely excited to lead the Companys final Series F round.
  • For 2020, Cambridge SPGs 27 portfolio companies will surpass more than $750M of cumulative annual revenue.