Note

PennantPark Floating Rate Capital Ltd. Announces 5.3% Increase of Its Monthly Distribution to $0.10 per Share and Financial Results for the Quarter Ended December 31, 2022

Retrieved on: 
Wednesday, February 8, 2023

On February 7, 2023, the Board of Directors declared a distribution of $0.10 per share, an increase of 5.3% from the most recent distribution.

Key Points: 
  • On February 7, 2023, the Board of Directors declared a distribution of $0.10 per share, an increase of 5.3% from the most recent distribution.
  • The distribution is payable on April 3, 2023 to stockholders of record as of March 16, 2023.
  • “We are pleased to announce an increase in our monthly dividend based on the continued strong underlying credit performance of our portfolio in this environment.
  • Set forth below are the results of operations for the three months ended December 31, 2022 and 2021.

CoreCivic Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, February 8, 2023

BRENTWOOD, Tenn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2022.

Key Points: 
  • BRENTWOOD, Tenn., Feb. 08, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2022.
  • Net income in the fourth quarter of 2022 totaled $24.4 million, or $0.21 per diluted share, compared with net income in the fourth quarter of 2021 of $28.0 million, or $0.23 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $87.0 million in the fourth quarter of 2022, compared with $97.0 million in the fourth quarter of 2021.
  • Adjusted EBITDA was $87.7 million in the fourth quarter of 2022, compared with $103.2 million in the fourth quarter of 2021.

Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter 2022 Results

Retrieved on: 
Wednesday, February 8, 2023

NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter and year ended December 31, 2022.

Key Points: 
  • NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter and year ended December 31, 2022.
  • Net income (loss) attributable to common stockholders per diluted share of common stock was ($0.06) and $1.68 for the quarter and year ended December 31, 2022, respectively.
  • The Company will hold a conference call to review fourth quarter results on February 9, 2023, at 10am ET.
  • Distributable Earnings are reduced for realized losses on loans which include losses that management believes are near certain to be realized.

American Airlines Announces Proposed Offering of Senior Secured Notes

Retrieved on: 
Wednesday, February 8, 2023

FORT WORTH, Texas, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Guarantor”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028 (the “Notes”).

Key Points: 
  • FORT WORTH, Texas, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Guarantor”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028 (the “Notes”).
  • The Notes will be guaranteed on a senior unsecured basis by the Guarantor.
  • The Company expects that any term loans not repaid from the net proceeds of the Notes will be amended to extend the maturity date to February 2028.
  • The final terms and amounts of the Notes are subject to market and other conditions, and may be materially different than expectations.

Collegium Pharmaceutical, Inc. Prices Upsized $210.0 Million Convertible Senior Notes Offering

Retrieved on: 
Wednesday, February 8, 2023

The offering was upsized from the previously announced offering size of $175,000,000 aggregate principal amount of notes.

Key Points: 
  • The offering was upsized from the previously announced offering size of $175,000,000 aggregate principal amount of notes.
  • The sale of the notes to the initial purchasers is expected to settle on February 10, 2023, subject to customary closing conditions.
  • Before November 15, 2028, noteholders will have the right to convert their notes only upon the occurrence of certain events.
  • Contemporaneously with the pricing of the notes in the offering, Collegium entered into separate privately negotiated transactions with certain holders of the 2026 notes to repurchase $117.4 million aggregate principal amount of the 2026 notes for an aggregate of approximately $140.1 million of cash (collectively, the “2026 notes repurchases”), which includes accrued and unpaid interest on the 2026 notes to be repurchased.

EnviroGold Global’s Financing is Oversubscribed at $2.8M

Retrieved on: 
Tuesday, February 7, 2023

The accrued and unpaid interest is convertible into common shares at the average closing price on CSE for the 20 trading days immediately prior to the date of conversion.

Key Points: 
  • The accrued and unpaid interest is convertible into common shares at the average closing price on CSE for the 20 trading days immediately prior to the date of conversion.
  • The pilot program, currently underway, is focused on optimization of the Company’s technology ahead of this year’s metal production implementation at the Company’s Australia Project.
  • Finder’s fees of $168,720 cash and 600,000 warrants (“Finder’s Warrants”) have been issued to qualified parties in connection with the Financing.
  • Certain insiders of the Company participated in the Financing for an aggregate total of $100,000 in Notes.

Weatherford Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 7, 2023

Operating income was $169 million in the fourth quarter of 2022, compared to $121 million in the third quarter of 2022 and $33 million in the fourth quarter of 2021.

Key Points: 
  • Operating income was $169 million in the fourth quarter of 2022, compared to $121 million in the third quarter of 2022 and $33 million in the fourth quarter of 2021.
  • The Company’s fourth quarter of 2022 net income was $72 million, compared to $28 million in the third quarter of 2022 and a net loss of $161 million in the fourth quarter of 2021.
  • Fourth quarter 2022 cash flows provided by operations were $193 million, compared to $160 million in the third quarter of 2022 and $88 million in the fourth quarter of 2021.
  • Capital expenditures were $49 million in the fourth quarter of 2022, compared to $39 million in the third quarter of 2022 and $41 million in the fourth quarter of 2021.

Collegium Pharmaceutical, Inc. Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, February 6, 2023

The notes will be senior, unsecured obligations of Collegium, will accrue interest payable semi-annually in arrears and will mature on February 15, 2029, unless earlier repurchased, redeemed or converted.

Key Points: 
  • The notes will be senior, unsecured obligations of Collegium, will accrue interest payable semi-annually in arrears and will mature on February 15, 2029, unless earlier repurchased, redeemed or converted.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.
  • Contemporaneously with the pricing of the notes in the offering, Collegium intends to enter into separate privately negotiated transactions with certain holders of the 2026 notes to repurchase a portion of such notes on terms to be negotiated with such holders (each a “note repurchase” and collectively the “2026 notes repurchases”).
  • Collegium expects that certain holders of 2026 notes that sell their 2026 notes in negotiated transactions with Collegium may enter into or unwind various derivatives with respect to Collegium’s common stock and/or purchase shares of its common stock in the market.

Mercurity Fintech Holding Inc. Issues an Unsecured Convertible Promissory Note in the Amount of $9 Million

Retrieved on: 
Monday, February 6, 2023

Pursuant to the SPA dated January 31, 2023, the Company issued the Purchaser an Unsecured Convertible Promissory Note (the “Note”) with a face value of $9 million (the “Proceeds”) upon receiving the Proceeds from the Purchaser on February 2, 2023.

Key Points: 
  • Pursuant to the SPA dated January 31, 2023, the Company issued the Purchaser an Unsecured Convertible Promissory Note (the “Note”) with a face value of $9 million (the “Proceeds”) upon receiving the Proceeds from the Purchaser on February 2, 2023.
  • However, the Company cannot provide any assurance on successfully obtaining the “BitLicense” for the foreseeable future or at all.
  • The Note shall bear non-compounding interest at a rate per annum equal to 5% from the date of issuance until repayment of the Note unless the Purchaser elects to convert the Note into ordinary shares.
  • In addition, upon conversion of the Note, the Purchaser shall receive 100% warrant coverage equal to the number of Conversion Shares with the exercise price at the Conversion Share Price.

Freddie Mac Announces Tender Offer for Any and All of Certain STACR Debt Notes

Retrieved on: 
Monday, February 6, 2023

MCLEAN, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Debt Notes listed in the table below (the “Notes”) beginning Monday, February 6, 2023.

Key Points: 
  • MCLEAN, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that it has commenced a fixed-price cash tender offer (the “Offer”) for the purchase of any and all of the STACR® (Structured Agency Credit Risk) Debt Notes listed in the table below (the “Notes”) beginning Monday, February 6, 2023.
  • Freddie Mac is offering to purchase any and all of the Notes listed in the table below.
  • Capitalized terms used and not otherwise defined herein will have the meaning ascribed to such terms in the Offer to Purchase.
  • Freddie Mac expects the Settlement Date to occur on Tuesday, February 14, 2023.