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Eco Material Technologies Inc. Announces Upsizing and Pricing of Offering of $125.0 Million of Additional 7.875% Senior Secured Green Notes Due 2027

Retrieved on:

Tuesday, January 23, 2024

Senior, Person, Sale, Regulation, The Company, Note, Security (finance)

The aggregate principal amount represents an increase in the size of the Offering of $25,000,000 from the previously announced offering of $100,000,000.

Key Points:

The aggregate principal amount represents an increase in the size of the Offering of $25,000,000 from the previously announced offering of $100,000,000.
The sale of the New Notes is expected to close on January 31, 2024, subject to market conditions and other factors.
The Company intends to use the net proceeds from the Offering for general corporate purposes, including the financing of capital projects.
The New Notes to be offered have not been registered under the Securities Act or any state securities laws.

Eco Material Technologies Inc. Announces Proposed $100 Million Offering of Additional 7.875% Senior Secured Green Notes Due 2027

Retrieved on:

Monday, January 22, 2024

Senior, Person, Sale, Regulation, The Company, Note, Security (finance)

The New Notes are being offered as additional notes under an indenture, dated February 9, 2022, as supplemented by the supplemental indenture dated February 10, 2022 (the "Indenture"), pursuant to which the Company previously issued and sold $525 million aggregate principal amount of 7.875% Senior Secured Green Notes due 2027 (the "Initial Notes").

Key Points:

The New Notes are being offered as additional notes under an indenture, dated February 9, 2022, as supplemented by the supplemental indenture dated February 10, 2022 (the "Indenture"), pursuant to which the Company previously issued and sold $525 million aggregate principal amount of 7.875% Senior Secured Green Notes due 2027 (the "Initial Notes").
The Company intends to use the net proceeds from the New Notes offering for general corporate purposes, including the financing of capital projects.
The New Notes to be offered have not been registered under the Securities Act or any state securities laws.
The New Notes may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

ECB appoints Banafsheh Geretzki as Director Internal Audit

Retrieved on:

Wednesday, January 24, 2024

- PRESS RELEASE

Key Points:

- PRESS RELEASE
ECB appoints Banafsheh Geretzki as Director Internal Audit
23 January 2024
- Banafsheh Geretzki will take up her new role on 1 February 2024
- Director Internal Audit leads ECB audit and investigation activities, including whistleblowing procedures
The Executive Board of the European Central Bank (ECB) has appointed Banafsheh Geretzki as Director Internal Audit.
In her new role, Ms Geretzki will lead the ECB’s internal audit and investigation activities, including whistleblowing procedures and administrative inquiries.
The Directorate Internal Audit evaluates and seeks to continuously make more effective and efficient the risk management, control and governance processes at the ECB.
: +49 171 769 5305
Notes
The list of ECB managers can be found on the ECB website.

Samsung and Google Cloud Join Forces to Bring Generative AI to Samsung Galaxy S24 Series

Retrieved on:

Wednesday, January 17, 2024

SEOUL, Korea and SUNNYVALE, Calif., Jan. 17, 2024 /PRNewswire/ -- Samsung Electronics Co., Ltd and Google Cloud today announced a new multi-year partnership to bring Google Cloud's generative artificial intelligence (AI) technology to Samsung smartphone users around the globe. Starting with the Samsung Galaxy S24 series announced today at Galaxy Unpacked in San Jose, California, Samsung will be the first Google Cloud partner to deploy Gemini Pro and Imagen 2 on Vertex AI via the cloud to their smartphone devices.

Key Points:

Starting with the Samsung Galaxy S24 series announced today at Galaxy Unpacked in San Jose, California, Samsung will be the first Google Cloud partner to deploy Gemini Pro and Imagen 2 on Vertex AI via the cloud to their smartphone devices.
"After months of rigorous testing and competitive evaluation, the Google Cloud and Samsung teams worked together to deliver the best Gemini-powered AI experience on Galaxy."
Gemini Pro on Vertex AI provides Samsung with critical Google Cloud features, including security, safety, privacy, and data compliance.
"Together with Samsung, Google Cloud sees the tremendous opportunity for generative AI to create meaningful mobile experiences that stimulate and strengthen connection and communication for millions," said Thomas Kurian, CEO, Google Cloud.

Avolon Announces Pricing of US$1.15 Billion Senior Unsecured Notes Offering

Retrieved on:

Tuesday, January 16, 2024

Professional Services, Air, Transport, Finance, Sale, Offering, Regulation, Note, Security (finance)

Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.15 billion of 5.75% senior unsecured notes due 2029 (the “Notes”).

Key Points:

Avolon Holdings Limited (“Avolon”), a leading global aviation finance company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.15 billion of 5.75% senior unsecured notes due 2029 (the “Notes”).
The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.
The Offering is expected to close on or about 25 January 2024, subject to customary closing conditions.
Net proceeds from the Offering will be used for general corporate purposes, which may include the future repayment of outstanding indebtedness.

Tallgrass Energy Prices Upsized Offering of $800 Million of 7.375% Senior Notes Due 2029

Retrieved on:

Tuesday, January 16, 2024

Alternative Energy, Energy, Other Energy, Oil, Gas, Tender, Partnership, Bank statement, Regulation, TEP, Tallgrass Energy Partners, Tender offer, Note, Security (finance)

Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an offering of $800 million in aggregate principal amount of 7.375% senior unsecured notes due 2029 at an offering price equal to 100% of par (the “Notes Offering”).

Key Points:

Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an offering of $800 million in aggregate principal amount of 7.375% senior unsecured notes due 2029 at an offering price equal to 100% of par (the “Notes Offering”).
The size of the offering was increased from the previously announced $700 million to $800 million.
The Notes Offering is expected to close January 23, 2024, subject to satisfaction of customary closing conditions.
The Tender Offer is being made pursuant to an Offer to Purchase dated January 16, 2024.

Helix Announces Redemption of Its 6.75% Convertible Senior Notes Due 2026

Retrieved on:

Tuesday, January 16, 2024

Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Debt-to-GDP ratio, Helix Energy Solutions Group, Helix, Annual report, Sale, Bank, HLX, Robotics, Security (finance), Note

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has delivered a notice to the trustee for its 6.75% Convertible Senior Notes due 2026 (the “Notes”) under which it has called all of the outstanding Notes for redemption on March 20, 2024 (the “Redemption Date”).

Key Points:

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has delivered a notice to the trustee for its 6.75% Convertible Senior Notes due 2026 (the “Notes”) under which it has called all of the outstanding Notes for redemption on March 20, 2024 (the “Redemption Date”).
The Notes would be convertible into shares of Helix’s common stock at a rate of 143.3795 shares per $1,000 principal amount of the Notes.
However, Helix has elected to deliver cash to satisfy its entire conversion obligation upon any conversion of the Notes.
Holders who wish to convert their Notes must comply with the requirements set forth in the Notes and related indenture.

Tallgrass Energy Announces Offering of $700 Million of Senior Notes Due 2029

Retrieved on:

Tuesday, January 16, 2024

Tallgrass Energy Partners, LP (“TEP”) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $700 million aggregate principal amount of senior unsecured notes due 2029 in a private placement to eligible purchasers (the “Notes Offering”).

Key Points:

Tallgrass Energy Partners, LP (“TEP”) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $700 million aggregate principal amount of senior unsecured notes due 2029 in a private placement to eligible purchasers (the “Notes Offering”).
The Tender Offer is being made pursuant to an Offer to Purchase dated January 16, 2024.
The securities to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws.
Neither this press release nor anything contained herein shall constitute a notice of redemption for the 2025 Notes.

Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development

Retrieved on:

Monday, January 15, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.

Key Points:

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.
Heather previously served as Director, Investor Relations for Electra until 2019.
“We have reconfigured the leadership team with a focus on the bench strength required to transition the Company from developer to operator.
She has previously worked with global metals and mining companies including Electra, Baffinland Iron Mines, and Golden Star Resources.

EchoStar Corporation Announces Exchange Offers and Consent Solicitations by DISH DBS Issuer LLC for Certain Existing Senior Notes Issued by DISH DBS Corporation

Retrieved on:

Tuesday, January 16, 2024

Holders may not consent to the Proposed Amendments without tendering the applicable Existing DBS Notes in the relevant Exchange Offer, and holders may not tender Existing DBS Notes of any series for exchange without consenting to the Proposed Amendments for such series.

Key Points:

Holders may not consent to the Proposed Amendments without tendering the applicable Existing DBS Notes in the relevant Exchange Offer, and holders may not tender Existing DBS Notes of any series for exchange without consenting to the Proposed Amendments for such series.
The occurrence of such event with respect to a series of Existing DBS Notes is referred to as the "Withdrawal Deadline" for such series of Existing DBS Notes.
If an Exchange Offer or the related Consent Solicitation with respect to a series of Existing DBS Notes is terminated or withdrawn, the Existing Indenture governing such series of Existing DBS Notes will remain in effect in its present form with respect to such series of Existing DBS Notes.
However, if the Proposed Amendments for a series of Existing DBS Notes become operative, holders of such series of Existing DBS Notes who do not tender Existing DBS Notes will be bound by the applicable Proposed Amendments, meaning that their Existing DBS Notes will be governed by an Existing Indenture as amended by the applicable Supplemental Indenture.