White & Case

General Mills Advances Accelerate Strategy and Expands Pet Food Portfolio with Acquisition of Edgard & Cooper

Retrieved on: 
Tuesday, April 30, 2024

General Mills (NYSE: GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.

Key Points: 
  • General Mills (NYSE: GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.
  • View the full release here: https://www.businesswire.com/news/home/20240429809015/en/
    General Mills today announced it has completed the acquisition of Edgard & Cooper, one of Europe’s leading independent premium pet food brands.
  • “We’re excited to join Team General Mills and continue doing what Edgard & Cooper is passionate about — making better dog and cat food with real ingredients that pets love and pet owners feel good about,” said Koen Bostoen, founder, Edgard & Cooper.
  • Morgan Stanley & Co International plc served as exclusive financial advisor to Edgard & Cooper, and Linklaters LLP served as legal advisor.

Conterra Networks Completes $580 Million Debt Capital Raise

Retrieved on: 
Thursday, April 25, 2024

CHARLOTTE, N.C., April 25, 2024 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.

Key Points: 
  • CHARLOTTE, N.C., April 25, 2024 /PRNewswire/ -- Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.
  • Conterra is owned by affiliates of each of APG Group NV ("APG") and Fiera Infrastructure Inc. ("Fiera Infrastructure").
  • Craig Gunderson, President & CEO of Conterra, commented, "This refinancing provides Conterra with growth capital to support our continued expansion to densify our network in our focus areas and launch additional advanced services for our customers."
  • Steve Keaveney, CFO of Conterra, echoed similar sentiments and added, "We are extremely pleased with the outcome of the refinancing, which offers significant operating flexibility to Conterra.

Talen Energy Announces Launch of Term Loans Repricing

Retrieved on: 
Wednesday, April 24, 2024

HOUSTON, April 24, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the launch of an anticipated repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans").

Key Points: 
  • HOUSTON, April 24, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today announced the launch of an anticipated repricing (the "Repricing") of its existing $863 million Term Loan B credit facility and its $470 million Term Loan C credit facility (collectively, the "Term Loans").
  • The Repricing is intended to reduce the interest rate on the Term Loans, and in connection therewith Talen will seek certain waivers and amendments to the terms of its credit facilities.
  • Talen will host a lender call related to the Repricing on April 24, 2024, and has provided certain additional disclosure on its OTC webpage available here .
  • There can be no assurance that the Repricing will occur, or, if it does, as to the terms of the Repricing.

GDS Announces Landmark US$587 Million Equity Raise For its International Business

Retrieved on: 
Tuesday, March 26, 2024

This transaction is a significant step forward in the Company’s strategy to obtain dedicated financing for the development of its international business on a standalone basis.

Key Points: 
  • This transaction is a significant step forward in the Company’s strategy to obtain dedicated financing for the development of its international business on a standalone basis.
  • GDS International was established in 2022 with its corporate headquarters in Singapore.
  • The Series A subscription price implies a pre-money equity valuation for GDSI of US$750 million, which is approximately US$3.92 per American Depositary Share of GDSH.
  • Post-Closing and on an as-converted basis, GDSH will own approximately 56.1% of the equity interest of GDSI in the form of ordinary shares.

8 Rivers Appoints Christopher Richardson Chief Executive Officer

Retrieved on: 
Monday, March 18, 2024

DURHAM, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- 8 Rivers Capital, LLC , a world-leading decarbonization technology developer, announced today the appointment of Christopher F. Richardson as the firm’s new Chief Executive Officer.

Key Points: 
  • DURHAM, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- 8 Rivers Capital, LLC , a world-leading decarbonization technology developer, announced today the appointment of Christopher F. Richardson as the firm’s new Chief Executive Officer.
  • Under Mr. Richardson’s leadership, 8 Rivers remains committed to championing and delivering net zero solutions to help the world achieve its climate goals.
  • Mr. Richardson was based in the firm’s Houston office, which he established in 2018 as a founding partner.
  • I’m excited for the opportunity to join 8 Rivers in the push to decarbonize the world’s most impactful industries,” said Mr. Richardson.

EIG’s MidOcean Energy Completes Acquisition of Tokyo Gas’ Interests in Portfolio of Australian Integrated LNG Projects

Retrieved on: 
Thursday, March 28, 2024

MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s (“Tokyo Gas”) interests in a portfolio of Australian integrated LNG projects.

Key Points: 
  • MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire Tokyo Gas Co., Ltd’s (“Tokyo Gas”) interests in a portfolio of Australian integrated LNG projects.
  • The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects.
  • The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, and spans the LNG value chain from upstream operations to midstream, liquefaction and sales.
  • As part of the transaction, MidOcean will open an office in Perth, Australia, to support and oversee the projects.

ESSITY Ad Hoc Bondholder Group Demand Repayment of Notes

Retrieved on: 
Friday, March 22, 2024

Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.

Key Points: 
  • Holders of certain notes issued by Essity Capital B.V. and Essity Aktiebolag (publ) (together “Essity”) due in 2029, 2030, and 2031 (the “Notes”) formed an Ad Hoc Bondholder Group (the “Group”) in January 2024 and appointed Houlihan Lokey as financial advisor and White & Case as legal advisor.
  • The Group has twice delivered letters to Essity dated 2 February and 12 February demanding the repayment of the Notes.
  • The Group is willing to discuss with Essity the manner and terms on which such repayment would be made.
  • The Group is made up of international bondholders currently holding over €270 million nominal amount of the Notes, and it continues to expand.

C1 Announces Agreement with Lenders and Other Stakeholders to Significantly Reduce Debt and Boost Liquidity, Enabling Company to Invest for Growth

Retrieved on: 
Thursday, April 4, 2024

BLOOMINGTON, Minn., April 4, 2024 /PRNewswire/ -- C1, an advanced technology and solutions company, today announced it has entered into an agreement with a supermajority of its lenders and certain other stakeholders to support ongoing efforts to invest in the transformation and growth of the business. The agreement provides for the reduction of approximately 80% of debt from the balance sheet and $245 million in new equity commitments, resulting in a significant increase in the Company's available liquidity.

Key Points: 
  • Over the past year, we have been taking actions across the organization to help position C1 for success in the market and harness the full value of One C1.
  • The new financing will, subject to Court approval, be available to support the Company throughout the process and in the future.
  • C1 has filed a number of customary "first day" motions to continue uninterrupted operations during the financial restructuring.
  • is serving as investment banker, and AlixPartners LLP is serving as financial advisor to C1.

Notice to Kindred Group plc AGM

Retrieved on: 
Friday, March 22, 2024

SLIEMA, Malta, March 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.

Key Points: 
  • SLIEMA, Malta, March 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.
  • Holders of SDRs who wish to exercise their voting right at the AGM must:
    (ii) no later than Friday 19 April 2024 23:59 CET either register their intention to attend the AGM, or exercise their voting rights, by following the link https://anmalan.vpc.se/euroclearproxy , and clicking through to Kindred Group, and logging in with BankID.
  • It is proposed that the AGM conducts the following business:
    Standards for the year ended 31 December 2023, together with
    the Report of the Auditors.
  • CVs for the current Directors are to be found on pages 60-62 in the Kindred Group plc Annual Report for 2023 and on the Company's website.

Notice to Kindred Group plc AGM

Retrieved on: 
Friday, March 22, 2024

SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.

Key Points: 
  • SLIEMA, Malta , March 20, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE ANNUAL GENERAL MEETING ("AGM") of Kindred Group plc (C 39017) (the "Company") will be held on Friday 26 April 2024 at 10:00 CEST at Kindred's office, Regeringsgatan 25, Stockholm, Sweden.
  • Holders of SDRs who wish to exercise their voting right at the AGM must:
    (ii) no later than Friday 19 April 2024 23:59 CET either register their intention to attend the AGM, or exercise their voting rights, by following the link https://anmalan.vpc.se/euroclearproxy , and clicking through to Kindred Group, and logging in with BankID.
  • It is proposed that the AGM conducts the following business:
    Standards for the year ended 31 December 2023, together with
    the Report of the Auditors.
  • CVs for the current Directors are to be found on pages 60-62 in the Kindred Group plc Annual Report for 2023 and on the Company's website.