Primary Dealer Credit Facility

Bluebird Network Secures $285M in Senior Secured Credit Facilities

Retrieved on: 
Thursday, December 14, 2023
Telecommunications, Software, Networks, Internet, Data Management, Technology, Carriers and Services, Mobile, Wireless, TD Securities, Senior, Artificial intelligence, Primary Dealer Credit Facility, Commerce, Public expenditure, City, Bluebird, Network, Mississippi River

Bluebird Network , a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.

Key Points: 
  • Bluebird Network , a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.
  • Proceeds from the Credit Facilities were used to refinance Bluebird's existing indebtedness and will fund ongoing capital expenditures including network upgrades, expansion into new markets, and an awarded Middle Mile grant build.
  • TD Securities acted as Lead Left Arranger on the financing and is the Administrative Agent for the Credit Facilities.
  • “This includes growing our fiber network and continuing to take advantage of strategic opportunities as they may arise.”
    For more information about Bluebird Network, visit https://bluebirdnetwork.com/

PrimeEnergy Resources Corporation Announces Third Quarter Unaudited Results

Retrieved on: 
Friday, November 17, 2023
Energy, Other Energy, Utilities, Oil, Gas, Line of credit, Primary Dealer Credit Facility, Natural gas, Life insurance, Petroleum

As of November 17, 2023, the Company’s borrowing base remained at $65 million with no outstanding borrowings under the Credit Facility.

Key Points: 
  • As of November 17, 2023, the Company’s borrowing base remained at $65 million with no outstanding borrowings under the Credit Facility.
  • As of November 17, 2023 the fully diluted shares outstanding are 2,588,076.
  • PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas.
  • If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

GREENBROOK TMS RAISES US$4.0 MILLION IN DEBT FINANCING

Retrieved on: 
Friday, December 15, 2023
Minority, Indian stock exchange, Conversion, Nature, Syndicated loan, Amendment, Primary Dealer Credit Facility, Credit, Line of credit, Multilateral, Bankruptcy, Security (finance), Puerto Madryn, Loan

As part of the Amendment, the Company secured an additional US$4,015,548.22 in senior secured term loans from Madryn under the Credit Facility (the "New Loan").

Key Points: 
  • As part of the Amendment, the Company secured an additional US$4,015,548.22 in senior secured term loans from Madryn under the Credit Facility (the "New Loan").
  • After giving effect to the New Loan, the Company has an aggregate amount of approximately US$76 million outstanding under the Credit Facility (collectively, the "Loans").
  • The proceeds of the New Loan is expected to be used by the Company to fund certain debt service obligations of the Company and for general corporate and working capital purposes.
  • The Company is also currently considering additional near-term financing options to address its future liquidity needs.

PREIT Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Sale, Dartmouth Mall, Plymouth Meeting, Pennsylvania, Foot, Prince George's County, Maryland, Three Months, W Holding Company, Financial result, Springfield Town Center, OP, Whole Foods Market, McAuliffe-Shepard Discovery Center, Mall, ULTA, Mall kiosk, FFO, Operation, Primary Dealer Credit Facility, Line of credit, PREIT, Video game, Commercial property, Cryptocurrency

PHILADELPHIA, Nov. 14, 2023 /PRNewswire/ -- PREIT (OTCQB:PRET) today reported results for the three and nine months ended September 30, 2023. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure is provided in the tables accompanying this release.

Key Points: 
  • Core Mall Total Occupancy decreased by 70 basis points to 93.6% compared to the third quarter 2022.
  • Average renewal spreads for the three and nine months ended September 30, 2023 were 8.5% and 5.5%, respectively.
  • Additional information regarding changes in operating results for the three and nine months ended September 30, 2023 and 2022 is included on page 14.
  • The Company's Credit Facilities, with a balance of $1,118.8 million as of September 30, 2023, mature on December 10, 2023.

ISC Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023
MSA, Line of credit, Bank, CIBC, Conversation, Life, Public expenditure, Veolia Water Technologies & Solutions, EBITDA, Corporation, News, Bank of Montreal v Innovation Credit Union, Master service agreement, Restatement (Second) of Contracts, Information Services Corporation, Up Front, Growth, ISC, Statement of changes in financial position, RBC, Credit, Borrowing base, Primary Dealer Credit Facility, Investment, Extension, TSX, BMO, Uniform Commercial Code, Cryptocurrency, Service, 2007 Appalachian State vs. Michigan football game

REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.

Key Points: 
  • REGINA, Saskatchewan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2023.
  • Adjusted free cash flow for the quarter was $14.4 million, up 27 per cent compared to $11.4 million in the third quarter of 2022, primarily related to stronger results from operations in Registry Operations and Services during the quarter.
  • The Consolidated Net Funded Debt to EBITDA financial covenant was increased to provide additional balance sheet flexibility to ISC.
  • On July 27, 2023, ISC announced that it has expanded the lenders under the Company’s Credit Facility to include the Bank of Montreal.

1803299 Ontario Inc. Acquired Additional Exchangeable Limited Partnership Units of Nexus Industrial REIT

Retrieved on: 
Thursday, November 2, 2023
Line of credit, Property, LP, Related, SEDAR, Exercise, REIT, National instrument, Credit, Primary Dealer Credit Facility, Letter, Security (finance), Creditor, Unit

Prior to an event of default under the Credit Facility, the Acquiror has the right to exercise all voting rights with respect to the pledged LP Units.

Key Points: 
  • Prior to an event of default under the Credit Facility, the Acquiror has the right to exercise all voting rights with respect to the pledged LP Units.
  • Upon an event of default under the Credit Facility, the Lender has the right, among others, to transfer all of the pledged LP Units into its name and to sell or dispose of the pledged LP Units.
  • During the term of the Credit Facility, the pledged LP Units may not be transferred by the Acquiror without the consent of the Lender.
  • The LP Units are held by the Acquiror for investment purposes.

Superior Energy Services Announces Third Quarter 2023 Results and Conference Call

Retrieved on: 
Friday, November 3, 2023
Well, Adjustment, Superior Energy Services, Line of credit, Sale, BCS, International, Gulf of Mexico, Public expenditure, EBITDA, GAAP, Free cash flow, Net income, Well services, Washington State Department of Natural Resources, Primary Dealer Credit Facility, Renting, Operation Active Endeavour, Tourism, Bookkeeping, Beauty salon

HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending September 30, 2023.

Key Points: 
  • HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending September 30, 2023.
  • The Company’s Adjusted EBITDA (a non-GAAP measure defined on page 4) was $71.8 million for the third quarter of 2023 compared to $92.5 million in the second quarter of 2023.
  • U.S. offshore revenue was $59.1 million in the third quarter of 2023, a decrease of 3% compared to revenue of $60.9 million in the second quarter of 2023.
  • As we noted in the second quarter of 2023, our back half of 2023 results are more heavily weighted to the fourth quarter due to significant expected deliveries from our Completion Services business in the Well Services segment.

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2023 and Announces Increase in Total Dividends to $0.63 per share for the Quarter Ended December 31, 2023

Retrieved on: 
Monday, October 30, 2023
Line of credit, Treasury, SOFR, Equity, National Institute for Health and Care Excellence, Exercise, PTSD, Small Business Administration, Deutsche Bank, NAV, Primary Dealer Credit Facility, Share repurchase, Acquisition, Engineering, Small business, Credit, Safety, Investment, Patient, Revenue recognition, Debenture, SBIC, Note, Growth, Pharmacy, External commercial borrowing, Depression, State Board of Administration of Florida, SBA, UTI, Chronic pain, I-45, Credit Accumulation and Transfer Scheme, Common, Renewable energy, Bank, Security (finance), Holding company

For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.

Key Points: 
  • For the quarter ended September 30, 2023, Capital Southwest reported total investment income of $42.8 million, compared to $40.4 million in the prior quarter.
  • For the quarter ended September 30, 2023, total operating expenses (excluding interest expense) were $5.9 million, compared to $5.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, interest expense was $10.5 million as compared to $9.7 million in the prior quarter.
  • For the quarter ended September 30, 2023, total pre-tax net investment income was $26.4 million, compared to $25.0 million in the prior quarter.

Kolibri Global Energy Inc. Announces Bank Line Redetermination

Retrieved on: 
Wednesday, November 1, 2023
Alternative Energy, Energy, Other Energy, Oil, Gas, Line of credit, Tishomingo, Kolibri Global Energy, KEI, BOK, KGEI, BNK, BOK Financial Corporation, Primary Dealer Credit Facility, TSX, Bank, Borrowing base

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) was reaffirmed at US$40 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”).

Key Points: 
  • Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) was reaffirmed at US$40 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”).
  • The current outstanding amount drawn on the Credit Facility is US$29 million.
  • The amendments also reduced the minimum term of the hedging contracts the Company is required to put in place from 24 months to 18 months.
  • Wolf Regener, President and CEO, commented, “We are very pleased to have BOKF’s continued support as we continue to accelerate the development of our Tishomingo project.

SilverBow Resources Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Oil, Gas, Energy, Adjustment, Line of credit, NYSE, International, Mortgage law, Austin Chalk, NGL, Public expenditure, EBITDA, T&P, Eagle Ford, Dallas, Corporation, News, Form, Acquisition, Conference, Atlas, Eagle Ford Group, Transport, Internet, Chesapeake Energy, Statistics, LOE, Henry Hub, Webcast, Finance Secretary (India), Central Time, Capital expenditure, Credit, Primary Dealer Credit Facility, FCF, Table, WTI, Natural gas, Rare-earth element, Cryptocurrency, Bank, Renewable energy, Airline, Reinsurance, Gulf Coast of the United States, Iranian Central Oil Fields Company

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the third quarter of 2023.
  • Net oil production for the third quarter of 2023 averaged 15,326 Bbls/d, an increase of 81% compared to the third quarter of 2022.
  • As of October 27, 2023, SilverBow had 79% of total production hedged for the remainder of 2023, using the midpoint of guidance.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's Third Quarter 2023 Earnings Conference Call or by visiting the Company's website.