Term

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

Retrieved on: 
Saturday, December 2, 2023
Canadian Securities Exchange, CSE, Entrepreneurship, FRA, Gold, Loan agreement, CAD, New Seasons Market, Cheese, Pure Gold, Farmer, Documentation, Health, Food technology, San Francisco Bay Area, Creditor, Market, Term, Offering, Loan, Policy, Agriculture, Security (finance), Bristol Farms, A New Leaf

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

Retrieved on: 
Thursday, November 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: 
Thursday, November 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

Retrieved on: 
Tuesday, November 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."

Signature Resolution Welcomes Zazi Pope to Panel of Neutrals

Retrieved on: 
Monday, November 6, 2023
Woman, Council, Warner Bros. Discovery, Warner, Hope, Policy, Amnesty International, Organization, Los, Paramount, Pacific Council on International Policy, Buchwald v. Paramount, Creativity, ACLU, Lawyer, Private practice, Warner Bros., LOS, Social justice, Term, Big Sunday, WarnerMedia, Foreign policy, Human Rights Watch, Amusement park

LOS ANGELES, Nov. 6, 2023 /PRNewswire-PRWeb/ -- Signature Resolution, a leader in alternative dispute resolution, announced today that Zazi Pope is joining the firm's distinguished panel of neutrals. With over 35 years of legal experience, Pope will specialize in business, entertainment, and complex litigation matters.

Key Points: 
  • Discovery in Los Angeles
    LOS ANGELES, Nov. 6, 2023 /PRNewswire-PRWeb/ -- Signature Resolution , a leader in alternative dispute resolution, announced today that Zazi Pope is joining the firm's distinguished panel of neutrals.
  • "I'm beyond excited to join the prestigious team of neutrals at Signature Resolution and to bring over 35 years of entertainment litigation experience to the table," said Pope.
  • "We are thrilled to welcome Zazi Pope to the Signature Resolution team.
  • Pope's wealth of experience makes her a valuable addition to Signature Resolution's esteemed panel of neutrals.

Prudential Financial, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Professional Services, Insurance, Finance, Asset Management, Consulting, Banking, Loss, Policy, Bank, NYSE, International business, Life, PGIM, Corporation, GAAP, Growth, Common, PRU, Term, Prudential Financial, Disability, Daria's Sick, Sad Life Planner, Table, Video game, Security (finance), Livestock, Real estate, Life insurance

PGIM, the Company’s global investment management business, reported adjusted operating income of $211 million for the third quarter of 2023, compared to $219 million in the year-ago quarter.

Key Points: 
  • PGIM, the Company’s global investment management business, reported adjusted operating income of $211 million for the third quarter of 2023, compared to $219 million in the year-ago quarter.
  • Businesses reported adjusted operating income of $1.088 billion for the third quarter of 2023, compared to $615 million in the year-ago quarter.
  • Reported adjusted operating income of $439 million in the current quarter, compared to $268 million in the year-ago quarter.
  • Reported adjusted operating income of $502 million in the current quarter, compared to $387 million in the year-ago quarter.

CORUS ENTERTAINMENT ANNOUNCES AMENDMENT OF CREDIT FACILITIES

Retrieved on: 
Friday, October 27, 2023
Credit, Term, Line of credit, Maternity Benefit (Amendment) Act, 2017, Primary Dealer Credit Facility, TD, Corus, TSX, Amendment, RBC Capital Markets, TD Securities, Security (finance)

TORONTO, Oct. 27, 2023 /PRNewswire/ - Corus Entertainment Inc. ("Corus" or the "Company") (TSX: CJR.B) announced today that it has completed an agreement to amend (the "Amendment") its Sixth Amended and Restated Credit Agreement with its bank group, led by RBC Capital Markets and TD Securities, dated March 18, 2022 as amended February 17, 2023 (the "Credit Facility").

Key Points: 
  • TORONTO, Oct. 27, 2023 /PRNewswire/ - Corus Entertainment Inc. ("Corus" or the "Company") (TSX: CJR.B) announced today that it has completed an agreement to amend (the "Amendment") its Sixth Amended and Restated Credit Agreement with its bank group, led by RBC Capital Markets and TD Securities, dated March 18, 2022 as amended February 17, 2023 (the "Credit Facility").
  • Pursuant to the Amendment, the maximum Total Debt to Cash Flow Ratio required under the financial covenants is increased through and including August 31, 2024, mandatory quarterly repayments of the Term Facility are re-introduced, certain conditions related to the use of proceeds on asset disposals are changed and additional restrictions on Distributions are introduced.
  • All terms are defined in the Credit Facility.

Vantiva announced a new short term €85 million financing

Retrieved on: 
Thursday, October 12, 2023
SAS, Term, Acquisition, Credit, Parent, EURIBOR, Euronext Paris, Security (finance), Vantiva

Paris – October 12th, 2023 - Vantiva (Euronext Paris: VANTI),

Key Points: 
  • Paris – October 12th, 2023 - Vantiva (Euronext Paris: VANTI),
    Vantiva SA (Euronext Paris: VANTI) is pleased to announce that Vantiva Technologies SAS has entered into a credit agreement (the “Credit Agreement”), pursuant to which a term facility in an aggregate principal amount of €85,000,000 (the “Term Facility”) has been provided by Barclays Bank Ireland PLC and participated in by certain funds managed/and or advised (directly or indirectly) by Angelo Gordon & Co., L.P. ("Angelo Gordon”).
  • The Term Facility has a maturity date of 31 March 2024 and bears interest at a rate of EURIBOR plus 10%, and which is payable in-kind.
  • Vantiva SA is a party to the Credit Agreement as Parent and Guarantor.
  • Angelo Gordon and Barclays Bank Ireland PLC (each of whom are lenders under Vantiva SA’s existing financing arrangements in addition to the Term Facility) have indicated their continued support for the business and its acquisition of CommScope’s Home Network’s division, announced on 3 October 2023.

DXP Enterprises, Inc. Refinances Existing Debt and Raises an Incremental $125M to Drive Acquisition Growth

Retrieved on: 
Monday, October 16, 2023
Other Manufacturing, Other Retail, Chemicals, Plastics, Logistics, Supply Chain Management, Manufacturing, Other Construction & Property, Food, Beverage, Commercial Building & Real Estate, Construction & Property, Retail, Other Energy, Other Transport, Oil, Gas, Energy, Transport, Other Natural Resources, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Yee, Senior, Term, Acquisition, TLB, Term loan, EBITDA, Securities and Exchange Commission of Pakistan, Growth, DXPE, DXP, Security (finance), Bank

Including the new borrowings, DXP will have $550.0 million in Senior Secured Term Loan B borrowings.

Key Points: 
  • Including the new borrowings, DXP will have $550.0 million in Senior Secured Term Loan B borrowings.
  • The TLB borrowings mature on October 30, 2030, and are priced at Term SOFR plus an applicable margin of 4.75 percent.
  • The transaction provides DXP with operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.
  • This financing will support us in executing our strategy and funding both working capital, acquisition growth and reinvesting in the business.

National Group "Term Limit the Court" Appoints Donald Scarinci

Retrieved on: 
Tuesday, October 10, 2023
Term, Idaho Supreme Court, Constitution, Supreme Court of the United States, Supreme, United States district court, Supreme court

WASHINGTON, Oct. 10, 2023 /PRNewswire/ -- Scarinci Hollenbeck Managing Partner Donald Scarinci has been appointed to serve on the advisory board of Term Limit the Court (TLTC), an organization devoted to establishing term limits for justices on the U.S. Supreme Court. Scarinci joins legal and political experts who will guide and implement TLTC's strategy.

Key Points: 
  • Scarinci Named to Advisory Board Seeking Term Limits for U.S. Supreme Court Justices
    WASHINGTON, Oct. 10, 2023 /PRNewswire/ -- Scarinci Hollenbeck Managing Partner Donald Scarinci has been appointed to serve on the advisory board of Term Limit the Court (TLTC), an organization devoted to establishing term limits for justices on the U.S. Supreme Court.
  • Scarinci joins legal and political experts who will guide and implement TLTC's strategy.
  • "Donald Scarinci has a well-earned reputation as a keen and insightful authority on the Constitution and the courts," stated Alan Cohn, CEO of Term Limit the Court.
  • We are grateful and honored Donald is joining this effort."