KfW

Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels

Retrieved on: 
Thursday, November 30, 2023

The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.

Key Points: 
  • The maturity date of the Credit Facility in relation to each vessel is 12 years from the delivery date of each vessel.
  • The Credit Facility bears interest at a blended margin of SOFR plus 2.36% per annum (exclusive of premiums payable to K-SURE and Eksfin).
  • The remaining terms and conditions, including financial covenants, are similar to those of the Company’s existing credit facility.
  • These deliveries, along with the delivery of the Seajacks Kraken in October 2023, complete the sale of all of the Company’s NG2500X vessels.

EQS-News: tonies delivers excellent Q3 revenue growth of 46% and is on course to achieve revenue of EUR 354m and positive adjusted EBITDA in FY 2023

Retrieved on: 
Monday, December 25, 2023

In the first nine months of 2023, revenue grew by +38.9% YoY to EUR 191.9 million (9M 2022: EUR 138.2 million).

Key Points: 
  • In the first nine months of 2023, revenue grew by +38.9% YoY to EUR 191.9 million (9M 2022: EUR 138.2 million).
  • Revenue in the US reached EUR 26.3 million, reflecting growth of +109.1% compared to the prior-year quarter.
  • This implies revenue growth for the group of +37% YoY and for the US of +77% YoY.
  • tonies also expects a positive adjusted EBITDA margin for full-year 2023 (2022: -2.4%).

EQS-News: Branicks Group AG: Strong lettings performance toward year-end

Retrieved on: 
Friday, December 22, 2023

The premises are located in landmark buildings in Frankfurt that Branicks manages on behalf of third parties.

Key Points: 
  • The premises are located in landmark buildings in Frankfurt that Branicks manages on behalf of third parties.
  • Branicks thus secures further long-term stable earnings and creates sustainable value for its stakeholders.
  • At “Goldenes Haus” at Theodor-Heuss-Allee 80 in the City West locality of Frankfurt, Branicks renewed the lease with the incumbent tenant, Landwirtschaftliche Rentenbank.
  • Branicks acquired the nine-storey building, which occupies a prime spot near the city centre, via a club deal in 2020.

AM Best Affirms Credit Ratings of Worldwide Medical Assurance, Ltd. Corp.

Retrieved on: 
Friday, December 1, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Worldwide Medical Assurance, Ltd. Corp. (WWMA) (Panama City, Panama).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Worldwide Medical Assurance, Ltd. Corp. (WWMA) (Panama City, Panama).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Almonty to Receive the US$13.7 Million Sixth Drawdown from KfW IPEX-Bank

Retrieved on: 
Tuesday, November 21, 2023

Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation (“AKTC”), is pleased to announce that it has received a fully executed Utilization Request for US$13.7 million in conjunction with the sixth drawdown on the US$75.1 million KfW IPEX-Bank (“KfW”) loan facility related to the construction of the Company’s Sangdong Mine in South Korea.

Key Points: 
  • Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation (“AKTC”), is pleased to announce that it has received a fully executed Utilization Request for US$13.7 million in conjunction with the sixth drawdown on the US$75.1 million KfW IPEX-Bank (“KfW”) loan facility related to the construction of the Company’s Sangdong Mine in South Korea.
  • This US$13.7 million drawdown is scheduled for release on November 24, 2023.
  • “As planned and on time, Almonty will now received its sixth drawdown on its US$75.1 million loan facility with KfW, bringing the total amount of drawdowns to date to US$53.9 million,” said Lewis Black, President and CEO of Almonty.

EQS-News: Result for the quarter: PNE AG generates satisfactory result and further expands the project pipeline

Retrieved on: 
Sunday, December 10, 2023

Cuxhaven, 13 November 2023 - In a challenging market environment, PNE AG achieved a satisfactory result in the first nine months of 2023.

Key Points: 
  • Cuxhaven, 13 November 2023 - In a challenging market environment, PNE AG achieved a satisfactory result in the first nine months of 2023.
  • The project pipeline has increased considerably and the expansion of its own generation portfolio is progressing rapidly.
  • In order to cope with the current challenges, PNE has acted with foresight in the project development and realisation of wind farm projects.
  • "Considering these market conditions, we are satisfied with the result achieved in the first nine months," said Markus Lesser, CEO of PNE AG.

EQS-News: Despite the difficult market situation, the project developer, the German P&P Group, continues its growth and announces at the Expo Real in Munich ten new projects by the end of 2024 at the Expo Real

Retrieved on: 
Tuesday, October 17, 2023

Announcement at the Trade Fair Expo Real in Munich:

Key Points: 
  • Announcement at the Trade Fair Expo Real in Munich:
    More than 1,500 residential units and approx.
  • 100,000 square metres of gross floor area.”
    “We assume that investors’ current restraint is only temporary.
  • We are therefore acting against the market trend”, is how Ms Zurek describes the company’s strategy.
  • P&P Real Estate UK Ltd has thus already completed multiple investments in the British market this year.

EQS-News: SMARTments business success story in Germany celebrates 10th anniversary – Intensified expansion course with the goal of doubling the number of units by 2027

Retrieved on: 
Tuesday, October 17, 2023

Berlin, 6 October 2023: The German serviced apartment brand SMARTments is celebrating its 10th anniversary and intensifying its expansion.

Key Points: 
  • Berlin, 6 October 2023: The German serviced apartment brand SMARTments is celebrating its 10th anniversary and intensifying its expansion.
  • This means that in addition to 1043 serviced flats that are open, a total of 650 units are under construction in four buildings.
  • "Overall, we’re planning to double the portfolio to about 3600 units by 2027," announces Burak Ünver, Managing Director of SMARTments business.
  • The houses under construction in Frankfurt were acquired by abrdn Investments Deutschland AG (SMARTMents connect) and Hanse Merkur Grundvermögen (SMARTments business).

Massive Interest in German Home Solar EV Charging Station Subsidy

Retrieved on: 
Wednesday, September 27, 2023

The new assistance program is administered by Germany's development bank, the KfW, and is capped, for the moment, at EUR 500 million.

Key Points: 
  • The new assistance program is administered by Germany's development bank, the KfW, and is capped, for the moment, at EUR 500 million.
  • The KfW says that after 33,000 were applications filed within 24 hours, no more requests will be accepted for this year.
  • People eligible can receive up to EUR 10,200 to equip their primary residences with solar powered EV charging solutions: EUR 6,000 for photovoltaic installations, EUR 3,000 for solar electricity batteries and EUR 1,200 for charging station themselves.
  • As of July 2023, there were some 97,000 EV charging stations in Germany.

EQS-News: Results of IKB Deutsche Industriebank AG for the first half of 2023: solid corporate customer business in a demanding environment

Retrieved on: 
Tuesday, August 22, 2023

Results of IKB Deutsche Industriebank AG for the first half of 2023: solid corporate customer business in a demanding environment

Key Points: 
  • Results of IKB Deutsche Industriebank AG for the first half of 2023: solid corporate customer business in a demanding environment
    The issuer is solely responsible for the content of this announcement.
  • Results of IKB Deutsche Industriebank AG for the first half of 2023:
    Cost/income ratio (CIR) of 66% (normalised: 57%)
    Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: "Business with our mid-cap corporate customers developed well in the first half of 2023.
  • [Düsseldorf, 18 August 2023] In the first half of 2023, IKB improved its key earnings figures in a challenging market environment.
  • "We took advantage of our strengths in the mid-cap corporate customer business in the first half of 2023.