SPV

Capital Southwest Announces New $150 MM Secured Credit Facility

Retrieved on: 
Wednesday, March 20, 2024
Deutsche Bank, Growth, SPV, Acquisition, Line of credit, Bank

DALLAS, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or “we”") (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the “SPV”), entered into a senior secured revolving credit facility (the “SPV Facility”) with Deutsche Bank AG, New York Branch.

Key Points: 
  • DALLAS, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or “we”") (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the “SPV”), entered into a senior secured revolving credit facility (the “SPV Facility”) with Deutsche Bank AG, New York Branch.
  • The SPV’s obligations to the lenders are secured by a first lien interest in all of the SPV’s assets but are non-recourse to Capital Southwest.
  • The SPV Facility further diversifies our sources of capital and provides significant funding flexibility as we continue to grow our balance sheet.
  • We expect to continue to grow total commitments under this Credit Facility in lockstep with our asset growth.”

KBRA Releases Research – Fourth-Quarter 2023 Business Development Company (BDC) Ratings Compendium

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Insurance, Finance, CLO, Pressure, SPV, Environment, FV, PIK, KBRA, BDC, Compendium, NII, Quarter, Growth, Federal, Bank

KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.

Key Points: 
  • KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.
  • The performance of KBRA-rated BDCs remained stable in 4Q23 with solid credit metrics, including comfortable liquidity considering near-term maturities, low non-accruals, and appropriate leverage overall.
  • KBRA will be monitoring BDC’s non-accrual rates and other signs of portfolio stress, as most underlying borrowers only began to experience the full impact of rate hikes in late 2023.
  • Growth was targeted toward perpetual-life BDCs that raised mostly retail capital and newly formed BDCs that raised significant institutional capital in 2023.

CSC Wins SPV Administrator of the Year at GlobalCapital’s European Securitization Awards for the Fourth Year in a Row

Retrieved on: 
Thursday, March 28, 2024
Software, Finance, Asset Management, Consulting, Accounting, Professional Services, Technology, Security, GlobalCapital, SPV, CSC, Customer

CSC®, the world’s leading provider of global business administration and compliance solutions, has been named SPV Administrator of the Year at the GlobalCapital European Securitization 2024 awards.

Key Points: 
  • CSC®, the world’s leading provider of global business administration and compliance solutions, has been named SPV Administrator of the Year at the GlobalCapital European Securitization 2024 awards.
  • The GlobalCapital European Securitization awards recognize the market's leading deals and institutions.
  • Catherine McGrath, EMEA head of Relationship Management at CSC, commented: “We’re delighted to have won the SPV Administrator of the Year award.
  • The team’s comprehensive understanding of the European structured finance market supports the delivery of bespoke solutions across numerous asset classes.

Petroserv Marine, Inc. Announces Agreement with PS Marine Holding Ltd

Retrieved on: 
Monday, March 11, 2024
Oil, Gas, Energy, Maritime, Transport, Other Energy, Filter (signal processing), Marine, Consortium, SPV, Sale, Universal

Petroserv Marine, Inc. (“Petroserv") and PS Marine Holding Ltd (the "Consortium"), an SPV formed by a consortium of financial investors, announced today that they have signed an agreement under which the Consortium will acquire substantially all Petroserv’s assets via a share purchase of Petroserv’s direct subsidiary, Universal Energy Resources Inc.

Key Points: 
  • Petroserv Marine, Inc. (“Petroserv") and PS Marine Holding Ltd (the "Consortium"), an SPV formed by a consortium of financial investors, announced today that they have signed an agreement under which the Consortium will acquire substantially all Petroserv’s assets via a share purchase of Petroserv’s direct subsidiary, Universal Energy Resources Inc.
  • The sale of Petroserv to the Consortium will result in a recapitalized industry-leading Brazilian offshore drilling company backed by new shareholders.
  • Guilherme Coelho, Petroserv’s Chief Executive Officer, said, "We are very pleased to enter into this agreement with PS Marine Holding.
  • I would like to thank our existing Board, lenders and other stakeholders for their support over the last several years.”

EQS-News: Pyrum Innovations AG and GreenTech Recycling Tires AB plan to build a recycling plant in Sweden

Retrieved on: 
Wednesday, March 13, 2024
Engineering, Greentech, EUR, Plastic, SPV, Recycling

Dillingen/ Saar, 8 March 2024 - Pyrum Innovations AG ("Pyrum", the "Company", ISIN: DE000A2G8ZX8) has laid the foundation for its market entry in Scandinavia.

Key Points: 
  • Dillingen/ Saar, 8 March 2024 - Pyrum Innovations AG ("Pyrum", the "Company", ISIN: DE000A2G8ZX8) has laid the foundation for its market entry in Scandinavia.
  • Last week, a consulting agreement was signed between GreenTech Recycling Tires AB and Pyrum Innovations AG for the construction of a joint pyrolysis plant in Sweden.
  • “For us at GreenTech Recycling Tires AB, the agreement with Pyrum Innovation AG is our stepping stone in recycling end-of-life tires from cars and trucks, fully reusing them to make new tires, plastics and steel products instead of incineration”, says Per-Olov Lindgren Chairman of the Board of GreenTech Recycling Tires AB.
  • GreenTech Recycling Tires AB’s business model is to obtain valuable products through the recycling of end-of-life tires.

HIMALAYA TECHNOLOGIES PARTNERS WITH RENOVI! TO TARGET MEDICAL TOURISM MARKET IN CARIBBEAN; ADDS CEO TO ADVISORY BOARD

Retrieved on: 
Monday, March 11, 2024
Pharmacy, Diabetes, Medical tourism, Advisory board, Marketing, Recurrence, HMLA, USD, Conditional sentence, OTC, Quality of life, Weight loss, Tourism, Noise, Loneliness, Exercise, Stroke, Life, Risk, Behavior, Doctor of Philosophy, Health, University, Chronic pain, Death, Patient, SPV, Economics, Insomnia, Ageing, Software, Cancer

Additionally, the Company has appointed Renovi!’s CEO, David Burns, Ph.D., to its Advisory Board to guide its entry into this multi-billion dollar market, assist on mergers and acquisitions including a potential combination of Renovi!

Key Points: 
  • Additionally, the Company has appointed Renovi!’s CEO, David Burns, Ph.D., to its Advisory Board to guide its entry into this multi-billion dollar market, assist on mergers and acquisitions including a potential combination of Renovi!
  • The availability of the newest medical technologies and the cheaper cost of treatment in emerging nations are key market drivers enhancing market growth.
  • reinvents traditional outpatient rehabilitation by offering patients a “recovery vacation” at an upscale, beachfront medical resort with healthy diet, exercise, community and exceptional medical care.
  • The Dominican Republic is uniquely positioned as a medical tourism destination because of its low costs, proximity to the U.S., a well-established tourism infrastructure, and tax incentives for tourism investments.

Great Elm Group Reports Fiscal 2024 Second Quarter Financial Results

Retrieved on: 
Tuesday, February 13, 2024
Investment, GEG, Growth, Conference, Great Elm, SPV, Fiscal, Cryptocurrency

WALTHAM, Mass., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2023.

Key Points: 
  • WALTHAM, Mass., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2023.
  • Great Elm launched a credit fund, Great Elm Credit Income Fund, LLC (“GECIF”), during the quarter, focused on income generation and capital preservation through direct lending, syndicated credit and opportunistic credit investing.
  • Great Elm collected incentive fees for the third consecutive quarter from Great Elm Capital Corp. (“GECC”), totaling $0.7 million for the three months ended December 31, 2023.
  • Discussion of Financial Results for the Fiscal Second Quarter Ended December 31, 2023
    GEG reported total revenue of $2.8 million, a 50% increase from $1.9 million in the prior-year three-month period.

Arcanum Capital Announces Second Fund, the Arcanum Luganodes Fund

Retrieved on: 
Wednesday, February 7, 2024
Tether, Partnership, Internet, Web3, SPV, City, Capital, Arcanum, Cryptocurrency

NEW YORK, NY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Arcanum Capital, a leading global venture capital firm focused on early and growth-stage investments in the Web3 sector, today announces in partnership with Luganodes, the arrival of its second fund, the Arcanum Luganodes Fund, which will be tokenized. While Arcanum’s Fund I was primarily focused on seed-stage investments in decentralized applications, Fund II will have a key focus on investing in and adding value to promising and upcoming Layer 1 and Layer 2 blockchain networks which provide the technical and economic infrastructure for decentralized applications to run on.

Key Points: 
  • After the success of its first fund, the leading web3-focused global venture capital firm is partnering with a major infrastructure player to launch a tokenized second fund with a focus on early and growth-stage layer 1 and layer 2 blockchain networks
    NEW YORK, NY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Arcanum Capital , a leading global venture capital firm focused on early and growth-stage investments in the Web3 sector, today announces in partnership with Luganodes , the arrival of its second fund, the Arcanum Luganodes Fund, which will be tokenized.
  • Luganodes is the world's fastest growing staking provider with over $1 billion of staked assets under management across 30+ networks.
  • “We are delighted to announce Luganodes' collaboration with Arcanum Capital in the establishment of a transformative VC Fund,” said Shankar.
  • “Arcanum Capital's unparalleled expertise in supporting innovative blockchain ventures aligns seamlessly with Luganodes' commitment to building a secure and decentralized internet.

Unicoin Inc, Announces the Acquisition of Land Holdings in the Bahamas via the Largest-ever Crypto Deal in Real Estate, Valued at $554M

Retrieved on: 
Thursday, February 1, 2024
Partnership, Travel, SPV, Tourism, Acquisition

The targeted properties span 7,721 acres across the coveted islands of Long Island and Andros Island in the Bahamas.

Key Points: 
  • The targeted properties span 7,721 acres across the coveted islands of Long Island and Andros Island in the Bahamas.
  • These groundbreaking transactions further represent a significant milestone for Unicoin, propelling the total value of its portfolio to $1.4 billion.
  • Unicoin creates value for its investors by cultivating a diverse portfolio of assets, encompassing equity stakes in high-growth companies and real estate properties.
  • This record-shattering deal cements Unicoin's status as an unstoppable crypto pioneer, forging the future of finance.

NASDAQ-listed Agape ATP Unveils Expansion Plans and Green Initiatives at Opening Bell Ringing Ceremony

Retrieved on: 
Wednesday, January 24, 2024
BHD, Agreement, Ceremony, Business sector, Dewan Rakyat, City, Kuala Lumpur Convention Centre, Partnership, Domestic trade, SPV, Bell, MOU, Business, Global Media & Entertainment, SIRIM, Photovoltaic system, Acquisition, IPO, KAB, EV, OIE, Malay styles and titles, Cost, Marketing, Solar energy, YB, ATPC, Dato, Electric vehicle, Renewable energy

KUALA LUMPUR, Jan 24, 2024 - (ACN Newswire) - Homegrown Nasdaq listed Agape ATP Corporation ("ATPC" or the "Company"; NASDAQ: ATPC) announces the Company's move to push forward its Sustainability Green Energy Initiative at the NASDAQ Opening Bell Ringing Ceremony hosted by ATPC at the Kuala Lumpur Convention Centre recently.

Key Points: 
  • KUALA LUMPUR, Jan 24, 2024 - (ACN Newswire) - Homegrown Nasdaq listed Agape ATP Corporation ("ATPC" or the "Company"; NASDAQ: ATPC) announces the Company's move to push forward its Sustainability Green Energy Initiative at the NASDAQ Opening Bell Ringing Ceremony hosted by ATPC at the Kuala Lumpur Convention Centre recently.
  • These efforts, enhanced by our partnerships, are a testament to how environmental sustainability and corporate growth can successfully coexist.
  • We stand here today, poised for a future where green energy is not just an option, but a driving force for innovation and prosperity."
  • Further contributing to this wave of sustainable initiatives, VOLT has independently signed a Memorandum of Understanding (MOU) with KAB Smart Solar Energy Sdn.