Secured debt

Strengthened balance sheet and around $900,000 annualized interest savings is expected CLEARWATER, Florida., November 3, 2022 /PRNewswire/ — Upexi Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”)multi-faceted brand owner and aggregation innovator, today announced payment of the outstanding balance of its $15 million senior secured debt facility, its intention to terminate the registration statement covering the …

LA VEGAS, August 18, 2022 /PRNewswire/ — Allegiant Travel Company (NASDAQ:ALGT) today closed its private offering and issued $550.0 million in aggregate principal amount of its 7.250% Senior Secured Notes due 2027 (the “Notes”). Each of the Company’s subsidiaries has guaranteed the Notes except for Dustland, LLC, Sunseeker Resorts, Inc. and its subsidiaries and certain …

Subscribe Be the first with news that moves the market Dateline Resources (DTR) receives firm commitments to raise $6.25 million via equity placement The money will be raised by issuing 62.5 million new shares to knowledgeable and professional investors at a price of 10 cents each In addition, over 15.62 million unlisted options will be …

Subscribe Be the first with news that moves the market Horseshoe Metals (HOR) receives results from the initial reverse circulation (RC) drilling program at its Horseshoe Lights copper-gold project in WA In May, the company completed phase two of RC drilling with 70 holes drilled to confirm the existence and style of mineralization and infill …

Subscribe Be the first with news that moves the market Baby Bunting (BBN) exceeds half a billion dollars in sales for the first time The baby goods retailer reported sales of $507.3 million for fiscal 22, of which 22.2% came from online sales. Amid nationwide shutdowns in the first half, consumers made more purchases online, …

Subscribe Be the first with news that moves the market Greenvale Mining (GRV) announces positive test results of its preferred liquefaction process for the Alpha torbanite project in Queensland The company says tests have revealed that the project’s torbanite and cinnamon coal samples can be liquefied for bitumen production. Greenvale chief executive Mark Turner says …

WHITE PLAINS, NY–(BUSINESS WIRE)–OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and marketer of renewable natural gas (RNG), today announced the closing of a five-year, $105 million senior secured credit facility. The facility provides construction financing for designated OPAL Fuels projects after reaching certain milestones. The syndicate of lenders is made up of Investec, …

About $4.9 billion in affected debt New York, August 04, 2022 — Moody’s Investors Service (Moody’s) has affirmed the B3 Corporate Family Rating and the B3-PD Probability of Default rating of SRS Distribution Inc. (SRS). Moody’s downgraded the ratings of SRS’ existing senior secured term loans and notes due 2028, which are pari passu, from …

About $4.9 billion in affected debt New York, August 04, 2022 — Moody’s Investors Service (Moody’s) has affirmed the B3 Corporate Family Rating and the B3-PD Probability of Default rating of SRS Distribution Inc. (SRS). Moody’s downgraded the ratings of SRS’ existing senior secured term loans and notes due 2028, which are pari passu, from …

LFTD Partners Inc. LIFD prepaid the remaining $916,668 of the principal of its note payable relating to the purchase of its subsidiary Survey done, Kenosha, WI, using free cash flow generated from Lifted Made operations. The full payment, which follows LFTD Partners’ prior prepayments of secured debt totaling $2.83 million over the past eight months, …

By Jason Cohen, Mark Dendinger and Jonathan Lozano (July 19, 2022, 5:18 p.m. EDT) – Following a July 6 memorandum notice from the U.S. Bankruptcy Court for the District of Delaware, lenders and noteholders risk the subordination of their liens in the absence of an explicit clause prohibiting such subordination in their respective debt securities. …

VANCOUVER, BC, June 30, 2022 /CNW/ – BuildDirect.com Technologies Inc.. (TSXV: BILD) (“BuildDirect” Where “Company“), announces the closing of a secured debt financing under which it issued, through its wholly owned subsidiary BuildDirect Operations Limited (“BuildDirect Operations“), notes secured to Pelecanus Investments Ltd. (“pelecan“), Lyra Growth Partners Inc. (“Lyre“) and Beedie Investments Ltd. (“Beedie“and, with …

NEW YORK, June 9, 2022 /PRNewswire/ — Coinstreet – an award-winning professional advisory and consultancy firm for digital assets; Storm Harbor Hong Kong (“Stormport“) – a Hong Kong SFC licensed firm and member of a global investment advisory group; and Securitize – a leading solutions provider and SEC-registered transfer agent, broker and alternative trading system, …

RGC is issued by Success Plus Global Limited (“Transmitter“), whose wholly-owned subsidiary is the contractor and operator of the Kongnan Block oilfields with a combined total area of ​​31.29 km2 in PRC (“Project“), which has proven and probable reserves of approximately 3.1 million barrels (MMbbl) and 4.7 MMbbl respectively at December 31, 2021. For the …

LFTD Partners Inc. LIFD is the parent company of Survey donemanufacturer and seller of hemp-derived cannabinoid products. LFTD also owns 4.99% of CBD beverage and product maker Ablis Holding Company and craft distillers Bendistillery Inc. and Bend Spirits, Inc. Chairman and CEO of LFTD Gerard Jacobswith the co-president and COO Nicholas Warrender and President and …

New York, May 26, 2022 — Moody’s Investors Service (“Moody’s”) has downgraded the Corporate Family (“CFR”) rating of Dayco Products, LLC (“Dayco”) to Caa2 from B3, its rating of probability of default at Caa2-PD of B3-PD and the senior secured term loan rating at Caa2 of B3. At the same time, Moody’s withdrew the B3 …

GSP Secures engagement for Senior Ssecure Ddebt May 242022, Oslo, Norway: Reference is made to the announcement published on May 4, 2022 regarding the private placement and subsequent offering. The private placement is, among other things, subject to the Company obtaining commitments satisfactory to the Company for approximately $50 million of new senior secured debt …

SmileDirectClub, LLC Increases liquidity and provides greater flexibility to drive activity and support key growth initiatives NASHVILLE, Tenn., April 28, 2022 (GLOBE NEWSWIRE) — SmileDirectClubInc. (Nasdaq: SDC), the next-generation oral care company with the first medical technology platform for straightening teeth, today announced that SDC US SmilePay SPV (“SPV”), a wholly owned subsidiary of the …

NASHVILLE, Tenn., April 28, 2022 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the next-generation oral care company with the first medical technology platform for straightening teeth, announced today tday that SDC US SmilePay SPV (“SPV”), a wholly owned special purpose subsidiary of the Company, entered into a new $255 million secured credit facility, strengthening the …

[ad_1] NEW YORK, September 14, 2021 / PRNewswire / – Backcast Partners Management, LLC (“Backcast”), a provider of capital to private equity and non-private mid-market companies, is pleased to announce its most recent investment supporting the acquisition by Turnspire Capital Partners (“Turnspire”) of the Daniel Measurement and Control (“Daniel” or the “Company”) business of Emerson …

[ad_1] International Finance Corporation (IFC) plans to invest $ 100 million in the secured debt of Hero Fincorp Ltd belongs to the Hero group. See Zee Business Live TV Streaming below: Hero Fincorp mainly finances the purchase of two-wheelers, loans to micro, small and medium-sized enterprises (MSMEs), personal loans, used car loans and business loans, …

[ad_1] Chennai: International Finance Corporation (IFC) plans to invest $ 100 million in the secured debt of Hero Fincorp Ltd belongs to the Hero group. Hero Fincorp mainly finances the purchase of two-wheelers, loans to micro, small and medium-sized enterprises (MSMEs), personal loans, used car loans and business loans, the company said. IFC. According to …

[ad_1] AMC Entertainment Shares (AMC) – Get a report jumped further on Tuesday after the theater operator said it was issuing $ 100 million in five-year guaranteed tickets. AMC shares at last check jumped 27% to $ 2.95. It traded as high as $ 3.20 on Tuesday. In December, the Leawood-based company, Kan., Secured a …

[ad_1] Pinsent Masons advised Athe Australian Gas Infrastructure Group for the implementation of a new secured debt program. Solidify: Pinsent Masons (Australian gas infrastructure group); Sidley Austin (Australian Gas Infrastructure Group) OK: Australian Gas Infrastructure Group was advised on the establishment of a new financing vehicle and a secured debt program, in order to be …

[ad_1] The company made the optimistic announcement after releasing second quarter financial results showing it had a fundraising pot of $ 80.6 million in cash and cash equivalents. (NASDAQ: GEVO), citing a strong balance sheet and available liquidity, said Tuesday it plans to pay off its $ 12.7 million guaranteed debt balance in full by …

Ginnie Mae will take a closer look at issuers of mortgage-backed securities with higher ratios of secured debt to gross tangible assets. Single-family issuers with a ratio greater than 60% “may, at Ginnie Mae’s sole discretion, be subject to additional financial and operational requirements before receiving approvals for various transactions,” according to the government agency. …

By Ryan Boysen (July 9, 2019, 4:45 p.m. EDT) — Stearns Holdings LLC filed Chapter 11 in New York bankruptcy court on Tuesday, with a plan that calls on majority owner Blackstone to inject $60 million in cash into the residential mortgage lender so it can pay off some of its $183 million secured debt. …

[ad_1] DUBAI: Private equity firm Abraaj said on Monday it hoped to reach an agreement with its secured creditors, although sources said a Kuwaiti unsecured creditor was resisting, which could block the sale of its investment management. Dubai-based Abraaj Holdings is trying to sell Abraaj Investment Management to New York-based Cerberus Capital Management as it …

[ad_1] Alternative loans The company is expanding its SME loan proposition with the new portfolio. IW Capital, an investment firm specializing in debt, stocks and EIS, has launched its first secured debt fund raising £ 4.5million. The fund will be the first in a series of diversified investment vehicles that IW Capital plans to launch …

ATLANTE, April 6, 2017 /PRNewswire/ — Internap Corporation (NASDAQ: INAP), (“INAP” or the “Company”), a provider of high-performance Internet infrastructure comprising colocation, cloud and network services, today announced that he closed the $325 million into new credit facilities to complete the refinancing of its senior secured debt in an oversubscribed transaction. The new facility provides …

[ad_1] What is secured debt? Secured debt is backed by debt or secured by collateral to reduce the risk associated with the loan. If the borrower on a loan defaults, the bank seizes the collateral, sells it, and uses the proceeds to pay off the debt. Assets backed by a debt or debt instrument are …

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has assigned a rating of ‘BB+(EXP)/RR1’ to Air Canada’s proposed new senior secured debt issuance. The proceeds of the issue will be used, along with cash, to refinance Air Canada’s existing Secured Term Loan B and Air Canada’s first lien and second lien secured notes. Fitch currently rates Air Canada “B+” with …

[ad_1] It was 2009 and General Motors Co. (ticker: GM) had just declared bankruptcy. Financial carnage ensued. GM shares fell to zero. The people who owned it lost everything. Those who invested in regular GM bonds tried to collect something and pocketed a few cents – about 20 cents on the dollar. Even when the …

The year was 2009 and General Motors Co. (teleprinter: GM) had just declared bankruptcy. Financial carnage ensued. GM stock fell to zero. The people who owned it lost everything. Those invested in GM common links tried to collect something and caught pennies – about 20 cents on the dollar. Even when the company revived, those …