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SBA Communications Completes $4.05 Billion Senior Secured Financing

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星期四, 一月 25, 2024

Mobile, Wireless, Technology, Telecommunications, TD Securities, Term loan, SBAC, Term, Credit, Mizuho Bank, Line of credit, SBA, Bank

SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").

Key Points:

SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
The $2.3 billion Term Loan was issued at 99.75% of par value and will mature in January 2031.
The Company expects to use the proceeds from the Term Loan to refinance the 2018 Term Loan and to pay related fees and expenses.
The Company also increased its existing Revolving Credit Facility from $1.50 billion to $1.75 billion and extended its maturity to January 2029.

XAI Octagon Floating Rate & Alternative Income Term Trust Announces Shareholder Approval of Important Proposals

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星期三, 一月 24, 2024

Consulting, Asset Management, Professional Services, Finance, Wind, Octagon, Conning, Investment, Term, Conning (company), Acquisition, Assicurazioni Generali, Growth

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT) announced that its shareholders have approved two important proposals at the reconvened special meeting of shareholders (the “Special Meeting”) held today.

Key Points:

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT) announced that its shareholders have approved two important proposals at the reconvened special meeting of shareholders (the “Special Meeting”) held today.
An amendment to the Trust’s Second Amended and Restated Declaration of Trust (the “Term Amendment”) to eliminate the Trust’s termination date of December 31, 2029 and make the Trust perpetual.
The Term Amendment, which is the first of its kind for a listed term trust closed-end fund, removes the Trust’s previous termination date and makes it a perpetual closed-end fund.
In connection with the Term Amendment, the Trust will change its name from XAI Octagon Floating Rate & Alternative Term Trust to XAI Octagon Floating Rate & Alternative Trust.

Ryan Specialty Successfully Reprices Term Loan, Lowers Cost of Capital

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星期五, 一月 19, 2024

Insurance, Professional Services, Term

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced the successful repricing of its $1.65 billion term loan debt (“Term Loan”), which is expected to reduce its annual cash interest expense by approximately $5.6 million.

Key Points:

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced the successful repricing of its $1.65 billion term loan debt (“Term Loan”), which is expected to reduce its annual cash interest expense by approximately $5.6 million.
The repriced Term Loan bears an interest rate of SOFR plus 2.75%, an improvement of 25 basis points from the prior Term Loan, and no longer contains a Credit Spread Adjustment.
The Term Loan’s maturity date of September 2027 and other material provisions remain unchanged.

Greenridge Exploration Engages Max Investments Inc. for Exploration of its Weyman Copper Project

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星期三, 一月 10, 2024

Service, Agreement, ITG, MIC, Advertising, Term, GXP, CDN, Project, Google Ads, Marketing, Geology, Exercise, Soil

VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP), is pleased to announce it has engaged Max Investments Inc. (“Max”) to lead exploration activities on the Company’s Weyman Copper Project (the “Project”) in southwest British Columbia.

Key Points:

VANCOUVER, British Columbia, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP), is pleased to announce it has engaged Max Investments Inc. (“Max”) to lead exploration activities on the Company’s Weyman Copper Project (the “Project”) in southwest British Columbia.
Max will provide ongoing management and geological services for all upcoming exploration activities at the Project.
The Company intends to complete an initial exploration program (the “Program”) consisting of extensive soil and rock sampling throughout the Project.
The Max team brings a wealth of copper exploration experience in British Columbia and is an ideal company to lead our exploration efforts."

Largo Physical Vanadium Announces Initiatives to Reduce Expenses

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星期四, 十一月 16, 2023

Term, Financial services, Renting

TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V: VAND) (OTCQX: VANAF) announces that it has agreed to amend certain sections of its technical advisory agreement (“Technical Advisory Agreement”) with Largo Inc. (“Largo”) and advisory services agreement (“Advisory Services Agreement”) with SCP Resource Finance LP (“SCP”) and Term Oil Inc. ("Term Oil”) as part of initiatives to reduce the Company’s expenses.

Key Points:

TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V: VAND) (OTCQX: VANAF) announces that it has agreed to amend certain sections of its technical advisory agreement (“Technical Advisory Agreement”) with Largo Inc. (“Largo”) and advisory services agreement (“Advisory Services Agreement”) with SCP Resource Finance LP (“SCP”) and Term Oil Inc. ("Term Oil”) as part of initiatives to reduce the Company’s expenses.
Amendments to the Technical Advisory Agreement and Advisory Services Agreement include removing the requirement for the Company to pay any “transaction fees” to the applicable counterparty and removing the requirement to pay a portion of the Company’s storage fee profits to the applicable counterparty, in each case including as part of the calculation of the applicable termination fee under each agreement.

Digi International Enters into New Senior Secured Credit Facility

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星期一, 十二月 11, 2023

Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility.

Key Points:

Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility.
The new bank debt provides Digi a $250 million senior secured revolving credit facility with an accordion feature that provides for additional borrowing capacity of the greater of $95 million or one hundred percent of trailing twelve month adjusted EBITDA.
Digi estimates this will save approximately $4 million in interest payments over the first year of the facility.
The reduced interest due under the new credit facility is anticipated to generate positive net cash flow in fiscal 2024.

Planet Based Foods Partners with Various Grocery Outlets and Announces on Private Placement

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星期六, 十二月 2, 2023

Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across 17 Lazy Acres locations starting this month.

Key Points:

Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across 17 Lazy Acres locations starting this month.
Planet Based Foods' Original with Cheese Taquitos and Southwest Style Taquitos will be found across five New Leaf locations starting this month.
"We're happy to be disrupters in the culinary landscape," said Braelyn Davis, CEO and Co-Founder of Planet Based Foods.
Planet Based Foods Appoints Mr. Kevin Vines to the Company's Board of Directors
Planet Based Foods is delighted to announce the appointment of Mr. Kevin Vines as an independent director.

Term Structure Secured an Initial Funding of USD 4.25 Million in a Series Seed Fundraising Round, With Cumberland DRW Leading the Investment

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星期四, 十一月 30, 2023

Ethereum, Affine term structure model, USDC, USD, Curve, API, Titanium SDK, L1, Decentralized finance, Term, Cryptocurrency

TAIPEI, Nov. 30, 2023 /PRNewswire/ -- Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance (DeFi), has secured an initial funding of USD 4.25 million in a series seed fundraising round.

Key Points:

TAIPEI, Nov. 30, 2023 /PRNewswire/ -- Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance (DeFi), has secured an initial funding of USD 4.25 million in a series seed fundraising round.
Cumberland DRW led this round, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund.
The seed fundraising increases Term Structure's total funding to over $8 million to date.
Term Structure, which is led by industry veterans, is an exciting investment for us and reflects our commitment to investing in innovative solutions that solve real market needs."

Term Structure Secured an Initial Funding of USD 4.25 Million in a Series Seed Fundraising Round, With Cumberland DRW Leading the Investment

Retrieved on:

星期四, 十一月 30, 2023

Ethereum, Affine term structure model, USDC, USD, Curve, API, Titanium SDK, L1, Decentralized finance, Term, Cryptocurrency

TAIPEI, Nov. 30, 2023 /PRNewswire/ -- Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance (DeFi), has secured an initial funding of USD 4.25 million in a series seed fundraising round.

Key Points:

TAIPEI, Nov. 30, 2023 /PRNewswire/ -- Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance (DeFi), has secured an initial funding of USD 4.25 million in a series seed fundraising round.
Cumberland DRW led this round, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund.
The seed fundraising increases Term Structure's total funding to over $8 million to date.
Term Structure, which is led by industry veterans, is an exciting investment for us and reflects our commitment to investing in innovative solutions that solve real market needs."

GENAI ANNOUNCES RECEIPT OF FIRST PAYMENT UNDER MAI CLOUD SUPPLY AGREEMENT

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星期二, 十一月 21, 2023

Cloud, Sale, MAI, Project, Generative, CSE, MOU, Silicon, Artificial intelligence, Supply, H100, Growth, AI, Term, Payment, Cryptocurrency, Customer, Service

Pursuant to the Supply Agreement, MAI Cloud has agreed to, among other things, provide the Customer with access to approximately 350,000 hours per year of AI compute services (the "Services") using H100 graphics processing units for a proposed term of up to seven years (the "Term").

Key Points:

Pursuant to the Supply Agreement, MAI Cloud has agreed to, among other things, provide the Customer with access to approximately 350,000 hours per year of AI compute services (the "Services") using H100 graphics processing units for a proposed term of up to seven years (the "Term").
The Payment constitutes payment of a deposit for 10% of the first year's Services, plus the fees for Services provided under the Supply Agreement for the first month of the Term.
Ryan Selby, the Company's CEO, comments, "the receipt of the deposit payment and the payment for the first months' Services under the Supply Agreement marks an important milestone for GenAI.
I believe the growth of MAI Cloud and our AI compute time services operations, in addition to the multiple AI-powered solutions that we are developing, will result in increased value for all our shareholders."