Primary Dealer Credit Facility

Red White & Bloom Reports Fiscal 2022 results with stronger revenues and increased gross profit

Retrieved on: 
Tuesday, May 16, 2023
Communication, Rationalization, CSE, BCSC, Line of credit, CAD, Licensure, AGM, Conversation, British Columbia Securities Commission, Platinum, USD, PV, Sale, EBITDA, Acquisition, RWB, Nature, RGR, Primary Dealer Credit Facility, OTC, OTCQX, Lifting, City, Credit, Montello Bridging Finance, Annual general meeting, Video game, Bookkeeping, Security (finance), Drug, Management, Tobacco, Cryptocurrency, Self storage, Adjustment

Fiscal Year 2022 (“2022-YE”) Consolidated Results (v. Fiscal Year 2021 (“2021-YE”))

Key Points: 
  • Fiscal Year 2022 (“2022-YE”) Consolidated Results (v. Fiscal Year 2021 (“2021-YE”))
    Revenues were $97.5 million for 2022-YE, a $60.2 million increase from 2021-YE revenues of $37.3 million.
  • Gross profit before fair value adjustments for 2022-YE was $27.5 million, an $8.0 million increase from 2021-YE gross profit before fair value adjustments of $19.5 million.
  • Gross profit after fair value adjustments for 2022-YE was $27.6 million, a $4.4 million increase from 2021-YE gross profit after fair value adjustments of $23.2 million.
  • Gross profit, after fair value adjustments, was $6.8 million for 2022-Q4, a $4.6 million increase from 2021-Q4 consolidated gross profit after fair value adjustments of $2.2 million.

Superior Energy Services Announces First Quarter 2023 Results and Conference Call

Retrieved on: 
Monday, May 15, 2023
Well, International, Line of credit, GAAP, Sale, Public expenditure, EBITDA, Superior Energy Services, Primary Dealer Credit Facility, Well services, Adjustment, Free cash flow, Renting, Video game, Bookkeeping, Fine chemical, Select

HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending March 31, 2023.

Key Points: 
  • HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending March 31, 2023.
  • In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on May 17, 2023.
  • The Company’s Adjusted EBITDA (a non-GAAP measure) was $72.8 million for the first quarter of 2023 compared to $79.9 million in the fourth quarter of 2022.
  • U.S. offshore revenue was $52.0 million in the first quarter of 2023, a decrease of 28% compared to revenue of $72.3 million in the fourth quarter of 2022.

LithiumBank Announces Closing of $6.8 Million "Bought Deal" Private Placement

Retrieved on: 
Monday, May 15, 2023
Cloud, Line of credit, Minority, Indian stock exchange, NOT, TSX Venture Exchange, Canada Revenue Agency, Income Tax Act 1967, Failure, FOR, MI, Credit agreements in South Africa, Creditor, Calendar, Primary Dealer Credit Facility, Tax, Part, Underwriting, Sale, Warrant, National instrument, NI, Offering, Income Tax Act, Finance Secretary (India), Line, Claim, Workers' compensation (United States), Credit, Multilateral, Legislation, Security (finance)

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V: LBNK) (the “Company” or “LithiumBank”) is pleased to announce that it has closed its previously announced bought deal private placement financing pursuant to an underwriting agreement among Echelon Capital Markets, Beacon Securities Limited and Red Cloud Securities Inc. (collectively, the “Underwriters") and the Company dated May 15, 2023 (the “Underwriting Agreement”) in connection with the “bought deal” private placement of 3,631,700 units of the Company issued on a charity flow-through basis (the "FT Units") at a price of $1.90 per FT Unit (the "FT Issue Price") for gross proceeds of $6,900,230 ("Offering"). Each FT Unit consists of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a “FT Share") and three quarters of one common share purchase warrant of the Company (each whole common share purchase warrant, a "FT Warrant"), each issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each FT Warrant entitles the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $2.00 per Warrant Share for a period of 36 months from the date of issuance thereof, subject to adjustment in certain events.

Key Points: 
  • Each Compensation Unit is comprised of one common share in the capital of the Company ("Compensation Share") and three quarters of one common share purchase warrant (each whole warrant, a "Compensation Unit Warrant").
  • Currently, the Company intends to use the proceeds raised from the Offering for exploration and development of its projects in Alberta.
  • The accrued interest will be due on the 1st business day following the end of each calendar quarter.
  • Any indebtedness under the Credit Facility is repayable at any time without penalty prior to the Maturity Date.

PhenixFIN Corporation Announces Fiscal Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Line of credit, NAV, Environment, Investment, NII, Total, Primary Dealer Credit Facility, Cryptocurrency, Security (finance)

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal second quarter of 2023.

Key Points: 
  • NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal second quarter of 2023.
  • For the three and six months ended March 31, 2023, total net expenses were $3.1 million and $6.2 million and total net investment income was $1.8 million and $3.4 million.
  • As of March 31, 2023, the fair value of the Company's investment portfolio totaled $200.1 million and consisted of 43 portfolio companies.
  • As of March 31, 2023, the Company had 6 portfolio company investments on non-accrual status with a fair market value of $9.6 million.

GAN Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
Entertainment, Technology, Software, Electronic Games, Internet, Casino, Gaming, Sport, B2B, Marketing, GOR, International use of the U.S. dollar, GAN, Primary Dealer Credit Facility, Growth, Credit, KPI-driven code analysis, Total, Content, Video game, B2C

GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter ended March 31, 2023.

Key Points: 
  • GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter ended March 31, 2023.
  • “Our first quarter showed another strong quarter of underlying KPIs for both our B2B and B2C businesses and B2B GOR and active customers, deposits, and turnover in B2C remain very encouraging.
  • At present, there is no timetable for the completion of that process.”
    Total revenue of $35.1 million decreased 6% compared to the prior year quarter.
  • Cash was $40.8 million as of March 31, 2023 versus $45.9 million as of the prior year quarter.

Kolibri Global Energy Inc. Announces Bank Line Increase to US$40 Million

Retrieved on: 
Wednesday, May 10, 2023
Professional Services, Other Energy, Oil, Gas, Energy, Finance, Banking, BOK, Line of credit, Primary Dealer Credit Facility, EST, KEI, Borrowing base, Kolibri Global Energy, OTCQX, BOK Financial Corporation, TSX, BNK, Bank

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its Borrowing Base from US$25 million to 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, OTCQX: KGEIF) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its Borrowing Base from US$25 million to 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$18.2 million.
  • The Credit Facility provides for interest only payments until the June 2026 maturity date, with bi-annual scheduled reserve redeterminations.
  • The Company will be presenting via webinar at 2:00 p.m. EST later today, May 10th, 2023 to discuss its first quarter results and a general corporate update.

goeasy Ltd. Reports Record Results for the First Quarter & Provides Updated Forecast

Retrieved on: 
Tuesday, May 9, 2023
Toronto-Dominion Bank, Royal Bank of Canada, Hilltop Holdings Inc., Total, Table, Life, Bank of Montreal, Line of credit, Primary Dealer Credit Facility, National bank, GSY, Sun Life Financial, Government, Sale, Wells Fargo, Acquisition, Loan origination, External debt, Local government in Canada, TSX, CIBC, Growth, EPS, Bank, United States federal budget, Goeasy, Federal budget, BA, National Bank of Canada, Legislation, Airline, Pension fund, Video game, MISSISSAUGA

MISSISSAUGA, Ontario, May 09, 2023 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), one of Canada’s leading non-prime consumer lenders, today reported results for the first quarter ended March 31, 2023.

Key Points: 
  • During the quarter, the Company produced loan originations of $616 million, up 29% compared to $477 million originated in the first quarter of 2022.
  • At quarter end, the gross consumer loan receivable portfolio was $2.99 billion, up 39% from $2.15 billion in the first quarter of 2022.
  • Operating income for the first quarter of 2023 was a record $102 million, up 28% from $80 million in the first quarter of 2022.
  • Adjusted diluted earnings per share1 was a record $3.10, up 14% from $2.72 in the first quarter of 2022.

Nevada Copper Announces Significant Financing Package Supporting Completion of the Underground Mine Ramp-Up; Significant Debt Reduction

Retrieved on: 
Tuesday, May 9, 2023
Unit, Person, Line of credit, Dollar for Dollar, Capital, Toronto Stock Exchange, News, PTE, FSE, Underwriting, Mining, Offering, Hart–Scott–Rodino Antitrust Improvements Act, TSX, Credit, Exercise, Underground, ALL, Disclosure, Lake Vermilion-Soudan Underground Mine State Park, Indian stock exchange, NCU, Nevada Copper Belt Railroad, KfW, SMD, TF, Primary Dealer Credit Facility, OTC, Copper, Security (finance), Financial adviser, Food delivery, Cryptocurrency, Airline, Concord, Mercuria

With significant copper mineral reserves and resources and once operating at nameplate capacity, the Underground Mine will support the global drive towards electrification and a renewable energy future.

Key Points: 
  • With significant copper mineral reserves and resources and once operating at nameplate capacity, the Underground Mine will support the global drive towards electrification and a renewable energy future.
  • The Over-Allotment Option may be exercised by the Underwriters to purchase additional Units, Common Shares, Warrants or any combination thereof.
  • Upon the completion of the Subsequent Pala Exercise, all amounts outstanding under the Credit Facility will be deemed fully repaid.
  • Consistent with the Company’s stated plans and prior disclosure, the Company has retained SMD as its underground lateral development contractor.

Tellus Equipment Solutions Announces Completion of $115 Million Credit Facility

Retrieved on: 
Tuesday, May 9, 2023
Other Retail, Manufacturing, Construction & Property, Landscape, Specialty, Other Natural Resources, Agriculture, Natural Resources, Retail, Machinery, Other Construction & Property, Primary Dealer Credit Facility, Northern Trust, Investment, Farmer, Line of credit, Credit, John Deere, Lead arranger, Bank, Sod, Tellus, Central Texas

Tellus Equipment Solutions ("Tellus"), a leading John Deere Agricultural and Turf dealer with 24 locations across South and Central Texas, announced that it has closed a new $115 million credit facility (the "Credit Facility").

Key Points: 
  • Tellus Equipment Solutions ("Tellus"), a leading John Deere Agricultural and Turf dealer with 24 locations across South and Central Texas, announced that it has closed a new $115 million credit facility (the "Credit Facility").
  • The Credit Facility will provide the company with additional financial flexibility to invest in operations and pursue strategic acquisitions.
  • Tellus is a trusted partner to John Deere and operates in an exclusive territory which covers 51 Texas counties.
  • Hancock Whitney and Northern Trust also participated in the Credit Facility.

PREIT Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023
Springfield Town Center, Partnership, Plymouth, The Mall at Prince Georges, Cherry Hill Mall, Moorestown Mall, Internet, Financial result, Line of credit, Willow Grove Park, OP, Foot, Whole Foods Market, Primary Dealer Credit Facility, Sale, Plymouth Meeting Mall, FFO, Burlington, Prince George, Fashion District Philadelphia, Webcast, NOI, PREIT, Hawaii Children's Discovery Center, Three Months, Family, Conference, Waltham Watch Company, Video game, Commercial property, Bank, Cryptocurrency, MD, Mall

Tenant construction is underway for a new prototype, 32,000 square foot, LEGO® Discovery Center at Springfield Town Center with expected opening in third quarter 2023.

Key Points: 
  • Tenant construction is underway for a new prototype, 32,000 square foot, LEGO® Discovery Center at Springfield Town Center with expected opening in third quarter 2023.
  • Additional information regarding changes in operating results for the three months ended March 31, 2023 and 2022 is included on page 15.
  • The Company's Credit Facilities, with a balance of $995.8 million as of March 31, 2023, mature on December 10, 2023.
  • Management has scheduled a conference call for 11:00 a.m. Eastern Time on Thursday May 4, 2023, to review the Company's results and future outlook.