Debt-to-GDP ratio

Empire Communities Corp. Announces the Expiration and Results of Cash Tender Offer for Any and All 7.000% Senior Notes Due 2025

Retrieved on: 
Wednesday, April 24, 2024
Debt-to-GDP ratio, Settlement date, Tender offer

Vaughan, Ontario, April 24, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 24, 2024 – Empire Communities Corp. (“Empire” or “Empire Communities”) announced today that the previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”) expired at 5:00 p.m., New York City time, on April 23, 2024 (the “Expiration Time”).

Key Points: 
  • Vaughan, Ontario, April 24, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 24, 2024 – Empire Communities Corp. (“Empire” or “Empire Communities”) announced today that the previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”) expired at 5:00 p.m., New York City time, on April 23, 2024 (the “Expiration Time”).
  • Payment for all 2025 Notes validly tendered and accepted for purchase is expected to be made on April 29, 2024 (the “Settlement Date”).
  • Certain information regarding the 2025 Notes is set forth in the table attached.
  • Statements of intent in this press release shall not constitute a notice of redemption under the indenture governing the 2025 Notes.

Empire Communities Corp. Announces Pricing Terms of Cash Tender Offer for Any and All 7.000% Senior Notes Due 2025

Retrieved on: 
Tuesday, April 23, 2024
Debt-to-GDP ratio, 2025, Tender offer, Telephone, Tender

Vaughan, Ontario, April 23, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 23, 2024 – Empire Communities Corp. (“Empire” or “Empire Communities”) today announced the pricing terms of the previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”).

Key Points: 
  • Vaughan, Ontario, April 23, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 23, 2024 – Empire Communities Corp. (“Empire” or “Empire Communities”) today announced the pricing terms of the previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”).
  • Holders of the 2025 Notes (“Holders”) are urged to read the Offer Documents carefully before making any decision with respect to the Tender Offer.
  • Holders who validly tender their 2025 Notes may validly withdraw their tendered 2025 Notes at any time prior to the earlier of (i) the Expiration Time and (ii) if the Tender Offer is extended, the 10th business day after commencement of the Tender Offer.
  • The Tender Offer is being made solely pursuant to the Offer Documents, which set forth the complete terms of the Tender Offer.

Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028

Retrieved on: 
Tuesday, April 23, 2024
Debt-to-GDP ratio, Weatherford International, WFRD, Credit, Note, Line of credit, Bank

The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans.

Key Points: 
  • The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving loans.
  • The Company also announced notice to redeem (the “Redemption”) the remaining $81,502,600 aggregate principal amount outstanding of its 6.50% Senior Notes due 2028 (the “2028 Notes”).
  • Weatherford expects to redeem the 2028 Notes before the end of May.
  • Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "Today's announcements highlight our continued progress in fortifying our capital structure.

Bombardier Completes Partial Redemption of US$200,000,000 of its 7.875% Senior Notes due 2027

Retrieved on: 
Monday, April 22, 2024
Debt-to-GDP ratio, Sale, Bombardier Inc., Prospectus, FICC, Depository Trust Company, Note, Security (finance)

MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.

Key Points: 
  • MONTRÉAL, April 22, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$200 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 22, 2024.
  • Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
  • The Redemption Notes mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
  • The Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.

Bombardier Announces Expiration of its Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on: 
Monday, April 22, 2024
Debt-to-GDP ratio, Date, Corporation, Nature, Bombardier, RBC Capital Markets, Bombardier Inc., Expiration, Tender offer, Tender, Cryptocurrency

The aggregate principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date amounts to US$195,000 (the “Additional Tendered Notes”), which, together with the US$496,512,000 aggregate principal amount of Notes that were previously tendered under the Tender Offer and purchased by Bombardier on April 9, 2024, represent, in the aggregate, approximately 49.62% of the aggregate principal amount of the Notes outstanding prior to the Tender Offer.

Key Points: 
  • The aggregate principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date amounts to US$195,000 (the “Additional Tendered Notes”), which, together with the US$496,512,000 aggregate principal amount of Notes that were previously tendered under the Tender Offer and purchased by Bombardier on April 9, 2024, represent, in the aggregate, approximately 49.62% of the aggregate principal amount of the Notes outstanding prior to the Tender Offer.
  • Approximately US$504,289,000 aggregate principal amount of Notes will remain outstanding upon completion of the Tender Offer.
  • RBC Capital Markets, LLC and TD Securities (USA) LLC served as dealer managers for the Tender Offer.
  • Global Bondholder Services Corporation acted as the information and tender agent in respect of the Tender Offer.

Accredit Pte Limited. Announces Exciting Opportunities with Launch of Personal Loan Services

Retrieved on: 
Monday, April 22, 2024
SME, Knowledge, Debt-to-GDP ratio, Fintech, LTD, Organization, Growth, Bank

Singapore, April 21, 2024 (GLOBE NEWSWIRE) -- Accredit Pte Limited , a renowned Licensed Money Lender company based in Singapore, is proud to announce the launch of its highly anticipated personal loan services.

Key Points: 
  • Singapore, April 21, 2024 (GLOBE NEWSWIRE) -- Accredit Pte Limited , a renowned Licensed Money Lender company based in Singapore, is proud to announce the launch of its highly anticipated personal loan services.
  • Established as a trusted provider of various financial services including Personal Loans, Short-Term Loans, and Fast Cash Loans, Accredit Pte Limited.
  • As part of its launch campaign, Accredit Pte Limited is offering special promotions and incentives to early adopters of its Personal Loan Services.
  • Accredit Pte Limited's expansion into Personal Loan Services marks a significant milestone in its journey to become a leading provider of comprehensive financial solutions in Singapore.

Kanen Wealth Management Excoriates Fossil Board of Directors and Management for Unacceptably Slow Restructuring Plan

Retrieved on: 
Thursday, April 18, 2024
Debt-to-GDP ratio, Sale, TAG, Skin, Transform, KWM, FOSL, Anxiety, Fossil Group

Judging by the actions of the board and management, there is a lack of urgency in executing its strategic initiatives and returning to profitability.

Key Points: 
  • Judging by the actions of the board and management, there is a lack of urgency in executing its strategic initiatives and returning to profitability.
  • To date, we have little to show as a result of the Transform and Grow plan (TAG).
  • Fossil shares are down approximately 80% since the plan was announced in February 2023.
  • Management needs to take a faster approach in reducing expenses, identify profitable segments, and implement these measures in a rapid cadence.

Empire Communities Corp. Commences Tender Offer for Any and All 7.000% Senior Notes Due 2025

Retrieved on: 
Tuesday, April 16, 2024
Debt-to-GDP ratio, Tender offer, Bloomberg, Telephone, Tender

Vaughan, Ontario, April 16, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 16, 2024 – Empire Communities Corp. (“Empire Communities” or “Empire”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”).

Key Points: 
  • Vaughan, Ontario, April 16, 2024 (GLOBE NEWSWIRE) -- VAUGHAN, ONTARIO April 16, 2024 – Empire Communities Corp. (“Empire Communities” or “Empire”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 7.000% Senior Notes due 2025 (the “2025 Notes”).
  • Holders of the 2025 Notes (the “Holders”) may withdraw their validly tendered 2025 Notes as described below.
  • As described in the Offer to Purchase, Holders who validly tender their 2025 Notes may validly withdraw their tendered 2025 Notes at any time prior to, but not after, the earlier of (i) the Expiration Time and (ii) if the Tender Offer is extended, the 10th business day after commencement of the Tender Offer.
  • The Tender Offer is being made solely pursuant to the Offer Documents, which set forth the complete terms of the Tender Offer.

Vallourec announces an offering of $820 million of 8-year Senior Notes

Retrieved on: 
Tuesday, April 16, 2024
Debt-to-GDP ratio, Sale, Prospectus, Person, Offering, ABL, Investment, Nature, RCF, EEA, Finance, FSMA, Environment, Amend, Vallourec, Order, Financial services, PGE, Security (finance)

Meudon (France), April 16, 2024 – Vallourec, a world leader in premium tubular solutions, announces today the launch of an offering of its Senior Notes due 2032 (the “Notes”) in an aggregate principal amount of $820 million (the “Offering”).

Key Points: 
  • Meudon (France), April 16, 2024 – Vallourec, a world leader in premium tubular solutions, announces today the launch of an offering of its Senior Notes due 2032 (the “Notes”) in an aggregate principal amount of $820 million (the “Offering”).
  • This press release is not an offer of securities for sale in the United States.
  • This announcement does not constitute a prospectus within the meaning of the Prospectus Regulation or an offer to the public.
  • This announcement does not constitute a prospectus within the meaning of the UK Prospectus Regulation or an offer to the public.

Bombardier Completes Partial Redemption of US$100,000,000 of its 7.875% Senior Notes due 2027

Retrieved on: 
Monday, April 15, 2024
Debt-to-GDP ratio, Sale, Bombardier Inc., CFO, Prospectus, FICC, Depository Trust Company, Security (finance)

MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 14, 2024.

Key Points: 
  • MONTRÉAL, April 15, 2024 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$100 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued March 14, 2024.
  • “Bombardier’s continued focus on prioritizing debt and net leverage reduction has given our company momentum and enhanced flexibility,” said Bart Demosky, Executive Vice President and CFO, Bombardier.
  • “This latest $100 million prepayment, deploying cash generated from operations, further underscores Bombardier’s commitment to improving its capital structure.”
    Payment of the redemption price and surrender of the Redemption Notes for redemption are being made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
  • The Redemption Notes mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada may only be made on a basis which is exempt from the prospectus requirements of such securities laws.