Debt capital

Corlex Capital Closes Debt Refinancing for Largest Anytime Fitness Franchisee

Retrieved on: 
Thursday, January 21, 2021
Finance, Money, Economy, Corporate finance, Equity securities, Debt, Investment, Private equity, Growth capital, Refinancing, Debt capital

ATLANTA, Jan. 21, 2021 /PRNewswire/ -- Corlex Capital ("Corlex"), a minority-owned private equity and consulting firm, announced the closing of a senior secured credit facility to refinance and provide growth capital for Bandon Holdings ("Bandon"), the largest franchisee of Anytime Fitness.

Key Points: 
  • ATLANTA, Jan. 21, 2021 /PRNewswire/ -- Corlex Capital ("Corlex"), a minority-owned private equity and consulting firm, announced the closing of a senior secured credit facility to refinance and provide growth capital for Bandon Holdings ("Bandon"), the largest franchisee of Anytime Fitness.
  • Corlex served as the exclusive debt advisor to Bandon for the financing.
  • "However, accessing growth capital during a time of industry disruption can be challenging and requires industry experience, trusted relationships with lenders, and subject matter expertise."
  • In addition, Corlex provides creative advisory services for closely held companies looking to source debt capital to expand or consolidate their business.

Fang Holdings Limited Announces Receipt of Non-Binding "Going Private" Proposal

Retrieved on: 
Monday, November 30, 2020
Finance, Money, Corporate finance, Equity securities, Balance sheet, Equity, Financial capital, Shareholders, Stock market, Debt capital

According to the proposal letter, the Proposing Buyer plans to finance the acquisition primarily with equity capital, and possibly debt capital.

Key Points: 
  • According to the proposal letter, the Proposing Buyer plans to finance the acquisition primarily with equity capital, and possibly debt capital.
  • The proposal letter states that the equity portion of the financing would be provided by the Proposing Buyer and additional potential buyer consortium members, if any.
  • Fang operates a leading real estate Internet portal in China in terms of the number of page views and visitors to its websites.
  • Fang does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

GoExpedi Secures $25 Million in Series C Funding

Retrieved on: 
Wednesday, September 16, 2020
Debt, Debt capital, Downtime, Economy

This capital raise, which follows the company's November 2019 $25 million Series B raise, brings the total to $75 million of equity and debt capital and continues fueling GoExpedi's suite of integrated tech applications for the industrial sector.

Key Points: 
  • This capital raise, which follows the company's November 2019 $25 million Series B raise, brings the total to $75 million of equity and debt capital and continues fueling GoExpedi's suite of integrated tech applications for the industrial sector.
  • Furthermore, it will further deepen an already robust talent pool of industry experts and top tech talent.
  • Its end-to-end suite of applications and meticulous cataloging system enables spending transparency, lowering costs and unplanned downtime.
  • Staffed by experts with oilfield management experience and backed by innovative technology, GoExpedi is able to deliver an incredible service at a lower cost than traditional suppliers.

Alphamin Exercises Option to Defer Debt Capital Repayments

Retrieved on: 
Monday, March 16, 2020
Debt, Johannesburg Securities Exchange, Debt capital, AltX

GRAND BAIE, Mauritius, March 16, 2020 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH: JSE AltX, Alphamin, or the Company) is pleased to announce that its 80.75% subsidiary, Alphamin Bisie Mining SA (ABM), has exercised its previously announced option with senior lenders to defer debt capital repayments.

Key Points: 
  • GRAND BAIE, Mauritius, March 16, 2020 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH: JSE AltX, Alphamin, or the Company) is pleased to announce that its 80.75% subsidiary, Alphamin Bisie Mining SA (ABM), has exercised its previously announced option with senior lenders to defer debt capital repayments.
  • As announced on 16 October 2019, the Companys lender consortium granted an option to ABM to elect to amend quarterly debt capital instalments of approximately US$8.17 million commencing the end of March 2020, to a deferred monthly capital instalment schedule as set out below (the Option).
  • The revised debt instalment schedule (principal and interest) is as follows:
    From the end of July 2020, a monthly fixed debt capital instalment of approximately US$2.72 million over 36 months, plus interest (initially US$1.3 million per month)
    The result is a reduction ofapproximately US$16.34 million in debt capital repayments for the 2020 financial year.
  • The exercise of the Option offers Alphamin the opportunity to strengthen its working capital position prior to the commencement of debt capital repayments.