Note

Delek Logistics Partners, LP Announces Pricing of Offering of $200 Million of Additional 8.625% Senior Notes Due 2029

Retrieved on: 
Friday, April 12, 2024
Other Energy, IOT (Internet of Things), Technology, Logistics, Supply Chain Management, Oil, Gas, Transport, Energy, Sale, DKL, Regulation, Person, Note, Security (finance)

Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Issuers”), priced an offering of $200 million in aggregate principal amount of additional 8.625% senior notes due 2029 (the “Additional Notes”) at an offering price equal to 101.250% of their face value, plus accrued interest from March 13, 2024.

Key Points: 
  • Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the “Issuers”), priced an offering of $200 million in aggregate principal amount of additional 8.625% senior notes due 2029 (the “Additional Notes”) at an offering price equal to 101.250% of their face value, plus accrued interest from March 13, 2024.
  • The Additional Notes will be issued under the same indenture as the $650 million in aggregate principal amount of 8.625% senior notes due 2029 issued by the Issuers on March 13, 2024 (the “Existing Notes”) and will form a part of the same series of notes as the Existing Notes.
  • The offering is expected to close on April 17, 2024, subject to the satisfaction of customary closing conditions.
  • Delek Logistics intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility.

Exact Sciences Announces Debt Exchange Transaction and Private Placement of Convertible Senior Notes

Retrieved on: 
Thursday, April 11, 2024
Health, Oncology, Medical Supplies, Debt-to-GDP ratio, Sale, Agreement, Retirement, Common stock, Finance Secretary (India), Note, Security (finance)

Exact Sciences Corp. (Nasdaq: EXAS) (the “Company”), a leading provider of cancer screening and diagnostic tests, today announced that on April 10, 2024 it entered into privately negotiated exchange and purchase agreements (the “Agreements”) with certain holders of the Company’s 0.3750% Convertible Senior Notes due 2028 (the “Existing Notes”).

Key Points: 
  • Exact Sciences Corp. (Nasdaq: EXAS) (the “Company”), a leading provider of cancer screening and diagnostic tests, today announced that on April 10, 2024 it entered into privately negotiated exchange and purchase agreements (the “Agreements”) with certain holders of the Company’s 0.3750% Convertible Senior Notes due 2028 (the “Existing Notes”).
  • The closing of the transaction is expected to occur on April 17, 2024, subject to customary closing conditions.
  • The New Notes will mature on April 15, 2031 (the “Maturity Date”), unless earlier repurchased, redeemed or converted.
  • K&L Gates LLP represented Exact Sciences Corporation and Kramer Levin Naftalis & Frankel LLP represented the placement agent in the transaction.

Novo Integrated Sciences Closes on $6,210,000 Securities Purchase Agreement

Retrieved on: 
Thursday, April 11, 2024
Health, Telemedicine, Virtual Medicine, Practice Management, Health Technology, Other Health, Managed Care, General Health, Note, Mast Hill, Mast

Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) announced today the Company has entered into a securities purchase agreement, dated April 5, 2024, with Streeterville Capital, LLC (“Streeterville”) pursuant to which the Company issued a secured convertible promissory note (the “Note”) with a maturity date of April 8, 2025 in the principal sum of $6,210,000.

Key Points: 
  • Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) announced today the Company has entered into a securities purchase agreement, dated April 5, 2024, with Streeterville Capital, LLC (“Streeterville”) pursuant to which the Company issued a secured convertible promissory note (the “Note”) with a maturity date of April 8, 2025 in the principal sum of $6,210,000.
  • On April 8, 2024, Streeterville paid the purchase price of $5,500,000 in exchange for the Note.
  • On April 10, 2024, the Company repaid in full the remaining outstanding balances for both the Mast Hill $3,500,000 note and the FirstFire $277,777 note, each dated in September 2023.
  • Robert Mattacchione, the Company’s CEO and Board Chairman, stated, “While the Company continues to work toward closing the previously disclosed RC Consulting Consortium Group LLC transaction, the Ophir gem collection transaction, and monetization of a one-billion dollar gold-backed bond to raise non-dilutive funding, it is very important to have repaid the Mast Hill and FirstFire notes with cash, thereby curtailing dilution.”

Battle Financial, Inc. Announces Launch of 506(c) Offering for $14.75 Million of Convertible Promissory Notes

Retrieved on: 
Wednesday, April 10, 2024
Banking, Professional Services, Finance, Sale, Note, Regulation D, Supermarket, Edwards, Colorado, Interest, Security (finance)

Battle Financial, Inc., a privately held Edwards, CO-based company (the “Company”) and the trailblazing force behind building the latest direct bank, Battle Bank N.A.

Key Points: 
  • Battle Financial, Inc., a privately held Edwards, CO-based company (the “Company”) and the trailblazing force behind building the latest direct bank, Battle Bank N.A.
  • (in organization) (the “Bank”), announced today that it is offering for sale up to $14.75 million in original principal amount of its Convertible Promissory Notes (the “Notes”).
  • The Company has engaged Patrick Capital Markets, LLC as Managing Dealer in the offering.
  • The Notes are being offered to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended.

SCG Asset Management Selects Vision 4 Fund Distributors to Lead Product Distribution

Retrieved on: 
Wednesday, April 10, 2024
Asset Management, Professional Services, Finance, NAV, SCG, Partnership, Selector, Growth, Note, Financial adviser

SCG Asset Management LLC (“SCGAM”), a provider of derivative-based investment solutions, today announced that Vision 4 Fund Distributors, LLC (“Vision 4”) will provide third-party sales and distribution services for SCGAM’s Alternative Strategies Income Fund (LTAFX, LTIFX), as well as for potential customized investment solutions, as applicable.

Key Points: 
  • SCG Asset Management LLC (“SCGAM”), a provider of derivative-based investment solutions, today announced that Vision 4 Fund Distributors, LLC (“Vision 4”) will provide third-party sales and distribution services for SCGAM’s Alternative Strategies Income Fund (LTAFX, LTIFX), as well as for potential customized investment solutions, as applicable.
  • The Alternative Strategies Income Fund is a continuously offered, closed-end interval fund focused on equity linked notes (“Notes”).
  • It is actively managed and invests in a portfolio of Notes, seeking to provide high income with consistent quarterly distributions, across market cycles.
  • “The Fund is well-suited for advisors and their clients looking for a diversified, income generating alternative asset allocation.

Cedar Fair Announces Conditional Full Redemption of All Outstanding 5.500% Notes Due May 2025

Retrieved on: 
Thursday, April 11, 2024
Finance, Theme Parks, Professional Services, General Entertainment, Entertainment, Sale, Redemption, Senior, Cedar Fair, Notice, Note, Bank

Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, together with its wholly owned subsidiaries as co-issuers (together with the Company, the “Co-Issuers”), today announced that it has delivered a notice of conditional full redemption (the “Notice”) to holders of its 5.500% Senior Secured Notes due 2025 (the “2025 Secured Notes”).

Key Points: 
  • Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, together with its wholly owned subsidiaries as co-issuers (together with the Company, the “Co-Issuers”), today announced that it has delivered a notice of conditional full redemption (the “Notice”) to holders of its 5.500% Senior Secured Notes due 2025 (the “2025 Secured Notes”).
  • The Notice calls for the redemption of all of the outstanding $1.0 billion aggregate principal amount of the 2025 Secured Notes (the "Redemption") on May 2, 2024.
  • This press release does not constitute a notice of redemption of the 2025 Secured Notes.
  • Information concerning the terms and conditions of the Redemption is described in the Notice distributed to holders of the 2025 Secured Notes by the trustee under the indenture governing the 2025 Secured Notes.

Jefferies Financial Group Inc. Announces Pricing of €750,000,000 3.875% Fixed Rate Senior Unsecured Notes Due 2026 and €500,000,000 4.000% Fixed Rate Senior Unsecured Notes Due 2029

Retrieved on: 
Thursday, April 11, 2024
Banking, Professional Services, Finance, JFG, JEF, Jefferies Financial Group, Note, Security (finance)

On April 9, 2024, Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) priced €750,000,000 aggregate principal amount of 3.875% Fixed Rate Senior Unsecured Notes Due 2026 (the “2026 Notes”) and €500,000,000 aggregate principal amount of 4.000% Fixed Rate Senior Unsecured Notes Due 2029 (the “2029 Notes” and, together with the 2026 Notes, the “Notes”), each under its Euro Medium Term Note Program.

Key Points: 
  • On April 9, 2024, Jefferies Financial Group Inc. (NYSE: JEF) (“JFG”, “we” or “our”) priced €750,000,000 aggregate principal amount of 3.875% Fixed Rate Senior Unsecured Notes Due 2026 (the “2026 Notes”) and €500,000,000 aggregate principal amount of 4.000% Fixed Rate Senior Unsecured Notes Due 2029 (the “2029 Notes” and, together with the 2026 Notes, the “Notes”), each under its Euro Medium Term Note Program.
  • The 2026 Notes will mature on April 16, 2026 and the 2029 Notes will mature on April 16, 2029.
  • The offering of the Notes is expected to settle on April 16, 2024, subject to the satisfaction of customary closing conditions.
  • This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy the Notes.

Public Storage Prices Public Offering of Senior Notes

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Debt-to-GDP ratio, Sale, Prospectus, Storage, Public Storage, Compound, Security (finance), PSA, Brussels Stock Exchange, FT, Morgan Stanley, EDGAR, European, Note

Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).

Key Points: 
  • Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”).
  • The Notes will be issued in two tranches with an initial weighted average interest rate of approximately 5.8%.
  • The 2053 notes constitute a further issuance of, and form a single series with, PSOC’s previously issued 5.350% Senior Notes due 2053, $600 million of which are currently outstanding.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.

TOTAL PLAY ANNOUNCES 12% GROWTH IN EBITDA IN THE FIRST QUARTER OF 2024 AT A RECORD LEVEL OF Ps.4,988 MILLION

Retrieved on: 
Thursday, April 25, 2024
Acquisition, Organization, Depreciation, ARPU, Telecommunications, Advertising, Total, Growth, Note

MEXICO CITY, April 25, 2024 /PRNewswire/ -- Total Play Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today financial results for the first quarter of 2024.

Key Points: 
  • Compared to the previous quarter, the number of net additions grew by 127,909 subscribers, in line with Total Play's subscriber base growth moderation strategy.
  • The average revenue per subscriber for the quarter — ARPU — was Ps.617, unchanged from the same quarter of the previous year.
  • Total Play reported a net loss of Ps.1,164 million, from a profit of Ps.317 million in the same period of 2023.
  • As of March 31, 2024, the company's debt with cost from loans was Ps.51,388 million, compared to Ps.48,228 million the previous year.

Cogent Announces IPv4 Address Securitization Offering

Retrieved on: 
Thursday, April 25, 2024
Sale, Internet Protocol version 4, Person, Regulation D, Regulation, Note

WASHINGTON, April 25, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (the "Company" or "Cogent") yesterday announced that a special-purpose, bankruptcy remote, indirect wholly owned subsidiary of the Company has priced $206,000,000 aggregate principal amount of secured Internet Protocol version 4 ("IPv4") address revenue term notes, Series 2024-1 (collectively, the "Notes").

Key Points: 
  • WASHINGTON, April 25, 2024 /PRNewswire/ -- Cogent Communications Holdings, Inc. (NASDAQ: CCOI) (the "Company" or "Cogent") yesterday announced that a special-purpose, bankruptcy remote, indirect wholly owned subsidiary of the Company has priced $206,000,000 aggregate principal amount of secured Internet Protocol version 4 ("IPv4") address revenue term notes, Series 2024-1 (collectively, the "Notes").
  • The Notes will be secured by certain of Cogent's IPv4 addresses, customer IPv4 address leases and customer accounts receivables.
  • Cogent intends to use the net proceeds of the offering for general corporate purposes.
  • Cogent expects the Notes transaction to close on or around May 2, 2024, subject to satisfaction of various closing conditions.