The Borrowers

DIGITAL ALLY, INC ANNOUNCES 2023 OPERATING RESULTS

Retrieved on: 
Tuesday, April 2, 2024
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LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.

Key Points: 
  • LENEXA, Kansas, April 02, 2024 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for fiscal year 2023.
  • Operating losses for the year ended December 31, 2023 and 2022 were $22,240,553 and $29,733,258, respectively, a decrease of $7,492,705 (25%).
  • Operating loss as a percentage of revenues improved to 78% in 2023 from 80% in 2022.
  • The Company will host an investor conference call at 11:15 a.m. EDT on Tuesday, April 2, 2023, to discuss its 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.

Aegros Limited proposes to issue debentures in a series of tranches up to an aggregate face value of AUD25 million for subscription by investors

Retrieved on: 
Tuesday, March 12, 2024
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The existing Investors will have 4 weeks to provide credit approvals to the Borrower.

Key Points: 
  • The existing Investors will have 4 weeks to provide credit approvals to the Borrower.
  • If Investors do not provide approvals within this timeframe, the Borrower may approach new Investors to provide the facility
    Availability is subject to the Borrowing Base calculated as follows:
    A = 85% of the non-equipment R&DTOR which has been accrued but not yet received as detailed in the Review Letter.
  • C = Any clawback amount advised by the ATO or taxes otherwise due to the ATO.
  • D = Orderly Liquidation Value of Property, Plant & Equipment per the Valuation Report
    The Borrower may repay the Facility upon giving no less than 2 Business Days' notice.

Business as usual: bank climate commitments, lending, and engagement

Retrieved on: 
Tuesday, April 2, 2024
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Key Points: 

    GoDaddy Inc. Completes Refinancing of Existing Tranche B-5 Term Loans

    Retrieved on: 
    Monday, January 22, 2024
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    TEMPE, Ariz., Jan. 22, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing.

    Key Points: 
    • TEMPE, Ariz., Jan. 22, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing.
    • The Tenth Amendment provides for a new $1,752 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Tranche B-5 Term Loans.
    • The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall be payable on or about March 31, 2024.
    • Pursuant to the Tenth Amendment, the Applicable Margin is (i) 2.00% for the Replacement Term Loans that are SOFR Loans and (ii) 1.00% for the Replacement Term Loans that are ABR Loans.

    GoDaddy Inc. Announces Refinancing of Tranche B-5 Term Loans

    Retrieved on: 
    Wednesday, January 10, 2024
    The Borrowers, Credit

    TEMPE, Ariz., Jan. 10, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,752 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Term Loan Refinancing").

    Key Points: 
    • TEMPE, Ariz., Jan. 10, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,752 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Term Loan Refinancing").
    • Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement.
    • The foregoing transactions are subject to conditions and are anticipated to close in the first quarter of 2024.
    • However, there can be no assurance that the Borrowers will be able to successfully complete the transactions, on the terms described above, or at all.

    B2B Bank, a Subsidiary of Laurentian Bank, Is Being Taken to Court by Victims & Non-Defaulting Borrowers - Borrowers Call upon Others in Similar Situation to Join Hands and Stand Against Ruthless Business Tactics

    Retrieved on: 
    Thursday, November 9, 2023
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    B2B Bank knew that the Registrant was recommending an unsuitable leveraged investment strategy to individuals and allowed it to transpire, and B2B Bank profited off the loans.

    Key Points: 
    • B2B Bank knew that the Registrant was recommending an unsuitable leveraged investment strategy to individuals and allowed it to transpire, and B2B Bank profited off the loans.
    • The investment loans were structured to require interest payments to B2B Bank which exceeded the amount of the original loan.
    • Due to these actions taken by B2B Bank these victims and their families have suffered immensely and continue to do so.
    • The Borrowers may start contacting all regulatory and governing bodies that have jurisdiction over B2B Bank as well as Laurentian Bank.

    USD Partners Announces Amendment to Existing Revolving Credit Agreement and Extension of Maturity Date

    Retrieved on: 
    Tuesday, November 21, 2023
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    On November 21, 2023, USD Partners LP (OTC: USDP) (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).

    Key Points: 
    • On November 21, 2023, USD Partners LP (OTC: USDP) (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).
    • Among other things, the Amendment extends the maturity date under the Credit Agreement to November 2, 2024 and waives prior defaults under the Credit Agreement.
    • The Amendment also provides that interest incurred under the Credit Agreement after the effective date of the Amendment will be paid in kind by increasing the amount of principal due under the Credit Agreement.
    • “We are pleased to announce that we have worked cooperatively with our bank group to execute this amendment and extension of the maturity date under our existing Credit Agreement,” said Adam Altsuler, the Partnership’s Chief Financial Officer.

    TruStage™ Introduces First-of-its-Kind Digital Lending Insurance Product

    Retrieved on: 
    Tuesday, September 26, 2023
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    MADISON, Wis., Sept. 26, 2023 /PRNewswire/ -- TruStage, a financially strong insurance, investment and technology provider, built on more than 85-years of experience providing payment protection solutions to credit unions, officially announced the availability of its newest lending solution--Payment Guard Insurance. The Payment Guard product is a pioneering innovation in the digital lending insurance space and was recently named a Finovate Awards Finalist1 as an embedded insurance solution for digital lenders and borrowers. It is designed to protect against unexpected covered losses that could lead to borrower defaults. With TruStage Payment Guard Insurance, borrowers are protected in case of covered job loss or covered disability.

    Key Points: 
    • First-of-its-kind Digital Lending Insurance Product is Designed to Promote Financial Resilience for Lenders and Borrowers.
    • MADISON, Wis., Sept. 26, 2023 /PRNewswire/ -- TruStage, a financially strong insurance, investment and technology provider, built on more than 85-years of experience providing payment protection solutions to credit unions, officially announced the availability of its newest lending solution--Payment Guard Insurance.
    • The Payment Guard product is a pioneering innovation in the digital lending insurance space and was recently named a Finovate Awards Finalist1 as an embedded insurance solution for digital lenders and borrowers.
    • With TruStage Payment Guard Insurance, borrowers are protected in case of covered job loss or covered disability.

    GoDaddy Inc. Completes Refinancing of Existing Amendment No. 6 Term Loans

    Retrieved on: 
    Wednesday, July 19, 2023
    Royal Bank of Canada, Letter, Eighth Amendment to the Constitution of Pakistan, Applicable margin reset, Credit agreements in South Africa, Eighth Amendment, SOFR, Eighth, Ninety-second Amendment of the Constitution of India, Securities and Exchange Commission (Philippines), NYSE, Term loan, Security (finance), GoDaddy, The Borrowers, Credit, News

    The Eighth Amendment provides for a new $1,761 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Amendment No.

    Key Points: 
    • The Eighth Amendment provides for a new $1,761 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Existing Amendment No.
    • 6 Term Loans.
    • The amortization rate for the Replacement Term Loans is 1.00% per annum and the first installment shall be payable on or about September 30, 2023.
    • Pursuant to the Eighth Amendment, the Applicable Margin is (i) 2.50% for the Replacement Term Loans that are SOFR Loans and (ii) 1.50% for the Replacement Term Loans that are ABR Loans.

    GoDaddy Inc. Announces Refinancing of Amendment No. 6 Term Loans

    Retrieved on: 
    Friday, July 14, 2023
    Credit agreements in South Africa, The Borrowers, Credit, In Search of the Second Amendment, NYSE, Term loan, Commercial property, Real estate

    TEMPE, Ariz., July 14, 2023 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,761 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Amendment No.

    Key Points: 
    • TEMPE, Ariz., July 14, 2023 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,761 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Amendment No.
    • 6 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time) (the "Credit Agreement") by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Credit Agreement Refinancing").
    • Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement.
    • The foregoing transactions are subject to conditions and are anticipated to close in the third quarter of 2023.