Loan

Acumen Pharmaceuticals Secures $50.0 Million Credit Facility with K2 HealthVentures

Retrieved on: 
Monday, November 13, 2023
Term loan, Loan agreement, ABOS, Loan, Pharmaceutical industry, Acumen

“We are pleased to announce this agreement with K2 HealthVentures, a life sciences investment firm known for strategic investments in promising healthcare companies,” said Daniel O’Connell, President and Chief Executive Officer of Acumen.

Key Points: 
  • “We are pleased to announce this agreement with K2 HealthVentures, a life sciences investment firm known for strategic investments in promising healthcare companies,” said Daniel O’Connell, President and Chief Executive Officer of Acumen.
  • “This financing provides us with additional operational flexibility during a period when we are laser-focused on execution.
  • The Term Loan matures on November 1, 2027 and may be extended to November 1, 2028 if the Company achieves certain financing milestones.
  • Additional details regarding the Loan Agreement will be included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.

IntelGenx Reminds Shareholders to Vote at Upcoming Special Meeting

Retrieved on: 
Monday, November 13, 2023
AMF, Call option, Minority, EDGAR, Condition subsequent, Exercise, Toronto Stock Exchange, NYSE Listed Company Manual, Proxy, Note, Proxy statement, IGX, Special, Subscription business model, Shareholder, Securities Financing Transactions Regulation, Regulation, Interest, TSX, Loan, Security (finance), Holding company, Share (finance)

SAINT LAURENT, Quebec, Nov. 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Company”) wishes to remind its shareholders of record as of October 2, 2023 (the “Shareholders”) of the importance of a vote FOR the various proposals detailed below at the upcoming special meeting of Shareholders to be held on November 28, 2023 (the “Special Meeting”) as a virtual meeting only.

Key Points: 
  • SAINT LAURENT, Quebec, Nov. 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Company”) wishes to remind its shareholders of record as of October 2, 2023 (the “Shareholders”) of the importance of a vote FOR the various proposals detailed below at the upcoming special meeting of Shareholders to be held on November 28, 2023 (the “Special Meeting”) as a virtual meeting only.
  • IntelGenx wishes to inform that the Company has been advised that the Autorité des marchés financiers (“AMF”) considers the Financing Transactions are subject to the minority vote prescribed by Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions.
  • As set out in the Proxy Statement, the board of directors of IntelGenx believes the Financing Transactions are in the best interest of the Company and unanimously recommends that the Shareholders vote “FOR” all matters put to a vote at the Special Meeting.
  • IntelGenx strongly encourages all Shareholders who would like to attend, participate and/or vote virtually online to carefully follow the procedures outlined in the Proxy Statement.

Cielo Announces Closing of Asset Purchase Transaction with Expander Energy Inc. and Results of Shareholder Meeting

Retrieved on: 
Friday, November 10, 2023
Sale, Acquisition, Engineering, CFO, End-user license agreement, Asset purchase agreement, License, Creosote, FOR, News, EPA, Transaction, Person, Transport, Interest, Canadian Pacific Railway, TSX Venture Exchange, Biomass, Culture, TCD, Protected area, Partnership, Research, CMC, Security (finance), Management, Oil, Lease, Project, Cielo, Expander, Operation, Loan

CALGARY, Alberta, Nov. 10, 2023 (GLOBE NEWSWIRE) --  Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has closed the asset purchase transaction (the “Transaction”) with Expander Energy Inc. (“Expander”) announced on September 20, 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 10, 2023 (GLOBE NEWSWIRE) --  Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has closed the asset purchase transaction (the “Transaction”) with Expander Energy Inc. (“Expander”) announced on September 20, 2023.
  • Pursuant to an asset purchase agreement dated September 15, 2023, as amended and restated on November 8, 2023 (the “Asset Purchase Agreement”) between Cielo and Expander, Cielo has acquired assets and liabilities of Expander to operate the EBTL™ and BGTL™ technologies business being acquired from Expander (the “Acquired Business”).
  • Ryan Jackson, CEO of Cielo, commented, “The completion of this agreement is a significant achievement for Cielo and Expander shareholders.
  • Cielo and Expander have agreed to make certain amendments to the Asset Purchase Agreement, including the removal of Cielo’s financing obligations.

KBRA Assigns a Preliminary Rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC

Retrieved on: 
Friday, December 8, 2023
Professional Services, Finance, Disclosure, KBRA, Acquisition, Transaction, Thrivent, Jules Kroll, Insurance, European, Note, Partnership, ESG, LP, Loan, Net asset value, Policy, Security (finance), Telescopic sight, Asset

KBRA assigns a preliminary rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.

Key Points: 
  • KBRA assigns a preliminary rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.
  • The Notes are indirectly backed by limited partnership (LP) interests in five different White Rose Funds of Funds (the "White Rose Funds"), which in turn hold a diversified pool of interests in private funds.
  • In aggregate, the White Rose Funds hold LP interests in 70 unique seasoned funds managed by 58 unique general partners (GP).
  • KBRA’s preliminary rating also considers the ability of Thrivent to fulfill its servicing and financial obligations for this transaction.

Organigram Increases Investment in Phylos After Successful Milestone Achievement

Retrieved on: 
Tuesday, November 28, 2023
Professional Services, Cannabis, Retail, Specialty, Finance, Natural Resources, Cannabinoid, Senior, Convertible, Seed, Trailblazer, Loan agreement, Multimedia, THCV, CBDV, OGI, Initial, CBC, PIK, Breeding, R, THCP, Innovation, TSX, Loan, CBG, Security (finance), Organizational chart, Phylo (polychaete), Citrus

This second tranche follows the initial tranche of US$3.25 million advanced in May 2023 for a total of US$6 million in senior secured convertible loans (“Convertible Loans”) currently outstanding.

Key Points: 
  • This second tranche follows the initial tranche of US$3.25 million advanced in May 2023 for a total of US$6 million in senior secured convertible loans (“Convertible Loans”) currently outstanding.
  • View the full release here: https://www.businesswire.com/news/home/20231128416832/en/
    Organigram’s ongoing trials using Phylos technology have resulted in highly-uniform, predictable, and fast-growing seedlings.
  • Our investment in Phylos was driven by that commitment, and we are thrilled with the progress we have made and the benefits we are reaping from this strategic investment,” says Borna Zlamalik, Senior Vice President, R&D and Innovation at Organigram.
  • In August, Organigram launched its first lineup of whole-flower derived THCV products through the Company’s popular SHRED and newly re-launched Trailblazer brands enabled by the strategic investment in Phylos.

Most Homeowners Feel Optimistic about Their Increasing Equity with Many Planning to Tap into It for Renovations

Retrieved on: 
Wednesday, November 15, 2023
Interior Design, Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Banking, Personal Finance, Act, Convenience, Renovation, HE, Real estate, Toronto-Dominion Bank, Loan, News, Environment, Black Knight, HELOC, Home insurance, Bank

As potential homebuyers continue to navigate higher interest rates and lower inventory, current homeowners are optimistic about the equity building in their homes.

Key Points: 
  • As potential homebuyers continue to navigate higher interest rates and lower inventory, current homeowners are optimistic about the equity building in their homes.
  • Eighty-three percent of respondents believe their home equity has increased within the last year, with 57% of those who know their home equity estimating they have $100,000 or more.
  • A recent Black Knight report shared the average homeowner has $199,000 in home equity as of June – up $14,000 from Q1 of 2023.
  • In fact, over two-thirds (69%) of homeowners are currently renovating or plan to renovate their home in the next two years.

Sonida Senior Living, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Health, Consumer, Residential Building & Real Estate, Seniors, Managed Care, Construction & Property, EBITDA, SOFR, Fannie Mae, MCF, Tax, Chebucto Community Net, GAAP, IRC, Ally Financial, Loan, Cash conversion cycle, Cryptocurrency, Security (finance), Q3

(1) Includes $0.5 million, $0.0 million, and $0.4 million of state grant revenue received in Q3 2023, Q3 2022, and Q2 2023, respectively.

Key Points: 
  • (1) Includes $0.5 million, $0.0 million, and $0.4 million of state grant revenue received in Q3 2023, Q3 2022, and Q2 2023, respectively.
  • Adjusted EBITDA for the three months ended September 30, 2023 was $9.3 million compared to $4.4 million for the three months ended September 30, 2022.
  • Subsequent to September 30, 2023, the Company elected to draw down an additional $4.0 million of the Conversant Equity Commitment in October which was received on November 1, 2023.
  • The Company issued 400,000 shares of common stock to Conversant on November 1, 2023.

GREENBROOK TMS RAISES US$4.0 MILLION IN DEBT FINANCING

Retrieved on: 
Friday, December 15, 2023
Minority, Indian stock exchange, Conversion, Nature, Syndicated loan, Amendment, Primary Dealer Credit Facility, Credit, Line of credit, Multilateral, Bankruptcy, Security (finance), Puerto Madryn, Loan

As part of the Amendment, the Company secured an additional US$4,015,548.22 in senior secured term loans from Madryn under the Credit Facility (the "New Loan").

Key Points: 
  • As part of the Amendment, the Company secured an additional US$4,015,548.22 in senior secured term loans from Madryn under the Credit Facility (the "New Loan").
  • After giving effect to the New Loan, the Company has an aggregate amount of approximately US$76 million outstanding under the Credit Facility (collectively, the "Loans").
  • The proceeds of the New Loan is expected to be used by the Company to fund certain debt service obligations of the Company and for general corporate and working capital purposes.
  • The Company is also currently considering additional near-term financing options to address its future liquidity needs.

VIQ Solutions Announces Amendment to Credit Agreement, Draw on Previously Announced US$15 Million Credit Facility, and Repricing of Warrants

Retrieved on: 
Saturday, November 11, 2023
Law Enforcement, Emergency Services, Public Policy, Government, Security, Technology, Audio, Video, Artificial Intelligence, Sale, Indian stock exchange, Warrant, Toronto Stock Exchange, VQS, VIQ, Amendment, CDN, Credit, Repricing risk, TSX, Retail Solutions Inc., Security (finance), Creditor, Loan

As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.

Key Points: 
  • As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.
  • In connection with the Subsequent Advance, the Company has issued 123,365 common share purchase warrants (each, a “Warrant”) to the Lender.
  • A copy of the Credit Agreement is available, and the Amending Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .
  • Under the terms of the Amendment, the exercise price of the Repriced Warrants would be reduced to CDN$0.2004.

Planet Based Foods Partners with Various Grocery Outlets and Announces on Private Placement

Retrieved on: 
Saturday, December 2, 2023
Canadian Securities Exchange, CSE, Entrepreneurship, FRA, Gold, Loan agreement, CAD, New Seasons Market, Cheese, Pure Gold, Farmer, Documentation, Health, Food technology, San Francisco Bay Area, Creditor, Market, Term, Offering, Loan, Policy, Agriculture, Security (finance), Bristol Farms, A New Leaf

Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across 17 Lazy Acres locations starting this month.

Key Points: 
  • Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across 17 Lazy Acres locations starting this month.
  • Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across five New Leaf locations starting this month.
  • "We're happy to be disrupters in the culinary landscape," said Braelyn Davis, CEO and Co-Founder of Planet Based Foods.
  • Planet Based Foods Appoints Mr. Kevin Vines to the Company's Board of Directors
    Planet Based Foods is delighted to announce the appointment of Mr. Kevin Vines as an independent director.