New Money

EQS-News: Metalcorp Group S.A. reaches agreement on the details of the bond restructuring and calls noteholders of the 2021/2026 Notes to vote

Retrieved on: 
Tuesday, November 7, 2023
European Business Register Network, Sale, TML, ISIN, Note, Aluminium, New Money, European, Security (finance), EUR, BAGR

40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.

Key Points: 
  • 40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.
  • A corresponding lock-up agreement has been signed which, inter alia, secures the support of the ad-hoc group in the vote of the holders of the 2026 Notes yet to be called.
  • Noteholders subscribing for the New Money Notes will benefit from a higher weighting in the Ferralum Notes and the New Metalcorp Notes.
  • The Company will publish a presentation with further details of the agreement and the next steps on its website.

AYR Announces (1) Agreement with Senior Noteholders to Extend Maturity Date by Two Years, (2) Commitment for US$50 million of New Money Financing and (3) Amendment to LivFree Wellness, LLC Promissory Note

Retrieved on: 
Wednesday, November 1, 2023
Stikeman Elliott, Goodmans, CBCA, Majority, Backstop, OTCQX, EDGAR, AYR, SEDAR, Warrant, Acquisition, Note, Exercise, CSE, Senior, Support, New Money, LLP, PIK, Plan, Canada Business Corporations Act, Debt-to-GDP ratio, Security (finance), NewCo, Transaction

The New Money Notes will be issued with a 20% original issue discount (resulting in US$40 million of net proceeds to AYR at closing).

Key Points: 
  • The New Money Notes will be issued with a 20% original issue discount (resulting in US$40 million of net proceeds to AYR at closing).
  • Proceeds of the New Money Notes will be used to restructure or repay senior notes and for working capital purposes.
  • Stikeman Elliott LLP and Weil Gotshal & Manges LLP are acting as the Company’s Canadian and U.S. legal counsel, respectively.
  • Goodmans LLP and Paul Hastings LLP are acting as the Majority Noteholders’ Canadian and U.S. legal counsel, respectively.

Technicolor Creative Studios: 9-month 2023 Business Update

Retrieved on: 
Wednesday, October 25, 2023
3D, Sport, AMF, Demeter, Australian Effects & Animation Festival, Studio, Mikros Image, NBA, Jeep, HBO, MSG Sphere, New Money, Dragon, EA Sports, Animation, Nun, H1, Sonia, IPhone, Advertising, Casa de los Dragones, Technicolor Creative Studios, MPC, Growth, The Mill, Mercedes-Benz, PIK, League, League of Legends, House of the Dragon, Partnership, House, AEAF, VFX, COVID-19, Teenage Mutant Ninja Turtles: Mutant Mayhem, Samsung, Bardo, MSG Sphere at The Venetian, Film industry, Security (finance), Cryptocurrency, Transformers, Q3, Technicolor

Technicolor Creative Studios Q3 2023 revenues decreased by -48.1% at current rate (-44.8% at constant rate) to €111.7 million.

Key Points: 
  • Technicolor Creative Studios Q3 2023 revenues decreased by -48.1% at current rate (-44.8% at constant rate) to €111.7 million.
  • At MPC, Q3 2023 revenues were down -56.8% year-on-year to €44.8 million, while 9-month 2023 revenues amounted to €167.5 million, down -47.1% at current rate (-44.6% at constant rate).
  • IFRS net debt amounted to €678 million as of September 30, 2023, compared with €610 million as of June 30, 2023.
  • The projected delisting of the Company along with these new financing arrangements attest to the strength of Technicolor Creative Studios’ shareholder support.

Technicolor Creative Studios: Business Update and First Half 2023 Financial Results

Retrieved on: 
Monday, October 2, 2023
Advertising, PIK, New Money, MPC, Line of credit, Technicolor Creative Studios, Independent director, Sonia, II, EBITDA, The Company, VFX, AMF, Environment, Cryptocurrency, Security (finance), Film industry, Management, Risk management, Audit, Holding company, Euronext Paris

Net financial debt at nominal value amounted to €5773 million at the end of June 2023, compared with €650 million at the end of December 2022.

Key Points: 
  • Net financial debt at nominal value amounted to €5773 million at the end of June 2023, compared with €650 million at the end of December 2022.
  • IFRS net debt amounted to €613 million as of June 30, 2023, compared with €739 million as of December 31, 2022.
  • Therefore, Technicolor Creative Studios expects its rebound to be postponed by one year.
  • As a consequence of the above, the Company is publishing the following forward-looking assumptions:
    For 2023: revenue contraction and adjusted EBITDA after lease to decrease by c.€40m compared to first half 2023.

Technicolor Creative Studios: Completion of the Technicolor Creative Studios’ reverse share split

Retrieved on: 
Wednesday, July 19, 2023
Exercise, New Money, Parity, Euronext Paris, Euronext, OCA, ISIN, Bulletin, Cryptocurrency, Security (finance)

Effective date of reverse share split (listing of the new shares): July 18, 2023

Key Points: 
  • Effective date of reverse share split (listing of the new shares): July 18, 2023
    Paris (FRANCE), July 19, 2023 - Technicolor Creative Studios (Euronext Paris: symbol TCHCS) (the “Company”) announces the completion on July 18, 2023 of the reverse share split of all outstanding shares of the Company, as decided by decision of the Chief Executive Officer on May 30, 2023, following sub-delegation by the Board of Directors on May 15, 2023, taken in accordance with the twenty-sixth extraordinary resolution of the Shareholders’ Meeting of May 15, 2023.
  • The main features of this reverse share split, as detailed in the notice of reverse share split published in the Bulletin des Annonces Légales Obligatoires (BALO) on May 31, 2023 and in the press release published by the Company on the same date, are as follows:
    Number of Existing Shares subject to the reverse share split: two billion five hundred and fifty-one million one hundred and eighty-two thousand two hundred and seventy (2,551,182,270) shares, each with a par value of one euro cent (€0.01).
  • Number of New shares resulting from the reverse share split: twenty-five million five hundred and eleven thousand eight hundred and twenty-two (25,511,822) shares, each with a par value of one euro (€1).
  • Listing of the New Shares: the New Shares resulting from the reverse share split have been admitted to trading on the Euronext regulated market in Paris, with effect from July 18, 2023, the first day of trading, and have been assigned a new ISIN code (FR001400I939).

Technicolor Creative Studios: Update on the Company's Refinancing

Retrieved on: 
Friday, June 9, 2023
New Money, OID, Mass meeting, Annual general meeting, Euronext Paris, Prospectus, AMF, Barclays, Security (finance), Beneficiary

Paris (France), June 9, 2023 - Technicolor Creative Studios (Euronext Paris: symbol TCHCS) (the "Company") announces today the successful completion of the main steps required under the conciliation protocol entered into in March 2023 (the “Conciliation Protocol”).

Key Points: 
  • Paris (France), June 9, 2023 - Technicolor Creative Studios (Euronext Paris: symbol TCHCS) (the "Company") announces today the successful completion of the main steps required under the conciliation protocol entered into in March 2023 (the “Conciliation Protocol”).
  • The Company also allocated yesterday 501,125,088 warrants giving the right to subscribe to a maximum number of 501,125,088 new shares, at a price of one euro cent (0.01 euro) per new share to the New Money Lenders (the “New Money Warrants”).
  • The Reserved Share Capital Increase, the issuance of the Convertible Notes and the issuance and allocation of the New Money Warrants were authorized by the Company's general shareholders’ meeting of May 15, 2023 (the “General Meeting”).
  • Following the fulfillment of these two conditions2, the reverse share split will take place in accordance with the timeline provided in the Company's press release dated May 31, 2023.

EQS-News: Aggregate Holdings SA: Notice of the Results of the Written Resolution

Retrieved on: 
Wednesday, May 3, 2023
ACT, Solicitation, AS, AFRICA, New Money, Consent, FINANCIAL, ALL, Surety, OR, TIMELY, Table (information), Information, OF, ARE, Memorandum, Security (finance), Bond, Issuer

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Key Points: 
  • THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE BONDS.
  • IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE BONDS IN A TIMELY MANNER.
  • in aggregate outstanding nominal amount of the Bonds had voted in favour of the amendments and modifications proposed in such Written Resolution.
  • In accordance with the terms of the Bonds, the Written Resolution has therefore been duly approved by the requisite majority of holders of the Bonds and signed by the Registered Holder.

EQS-News: VIC Properties S.A.: NOTICE OF THE RESULTS OF THE WRITTEN RESOLUTION

Retrieved on: 
Wednesday, May 3, 2023
ACT, Solicitation, AS, AFRICA, New Money, Consent, FINANCIAL, ALL, Surety, OR, TIMELY, Table (information), Information, OF, ARE, Memorandum, Security (finance), Bond, Issuer

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Key Points: 
  • THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE BONDS.
  • IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE BONDS IN A TIMELY MANNER.
  • in aggregate outstanding nominal amount of the Bonds had voted in favour of the amendments and modifications proposed in such Written Resolution.
  • In accordance with the terms of the Bonds, the Written Resolution has therefore been duly approved by the requisite majority of holders of the Bonds and signed by the Registered Holder.

SHAPING THE FUTURE FOR TECHNICOLOR CREATIVE STUDIOS FOLLOWING AGREEMENT ON ITS REFINANCING

Retrieved on: 
Wednesday, March 8, 2023
AMF, Convertible, Commercial Court, Sale, Commercial Court (Victoria), Technicolor Creative Studios, Prospectus, Fiducial inference, Original issue discount, Lien, AFEP, Mass meeting, Euronext Paris, Commercial, Documentation, Angelo Gordon, Creditor, Annual general meeting, Vantiva, Credit, New Money, Date, Agreement in principle, Film industry, Bank, Security (finance), Cryptocurrency, Lease, Self storage, Euronext, TCS, Principle

Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization

Key Points: 
  • Technicolor Creative Studios reaches an agreement in principle on a €170m new money injection, including recapitalization
    Paris (France), March 8, 2023 – Technicolor Creative Studios is pleased to announce an agreement in principle that provides a framework for rebound of the Company to the benefit of its studios, talents, customers and suppliers.
  • The Company has reached an agreement in principle on a new financing structure which includes a c.€170 million new money injection.
  • This would enable Technicolor Creative Studios to address its liquidity needs from Q2 2023 and allows operating cash flow to be focused on operational needs.
  • Anne Bouverot, Chairperson, and Caroline Parot, CEO: “This new favorable framework reaffirms the strong commitment of all our stakeholders, in particular our shareholders and lenders, and demonstrates their renewed confidence in the long-term prospects of Technicolor Creative Studios.

EQS-News: Adler Group S.A.: Update on Lock-Up Agreement and new money process following Restructuring Plan Convening Hearing

Retrieved on: 
Tuesday, February 28, 2023
News, Letter, Recorded Time and Other Stories, Commitment, New Money, Suns, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • 28.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
  • The issuer is solely responsible for the content of this announcement.
  • The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.