TD Securities

SBA Communications Completes $4.05 Billion Senior Secured Financing

Retrieved on: 
Thursday, January 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.

dentalcorp Announces Extension of Maturity of Credit Facility

Retrieved on: 
Tuesday, January 23, 2024
Biotechnology, Finance, Health, Professional Services, Dental, Holding, TD Securities, Bank, TSX, Bank of America, RBC Capital Markets, Growth

dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s leading network of dental practices, today announced an extension to its existing syndicated senior secured credit facility with a consortium of banks, led by CIBC Capital Markets and TD Securities.

Key Points: 
  • dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s leading network of dental practices, today announced an extension to its existing syndicated senior secured credit facility with a consortium of banks, led by CIBC Capital Markets and TD Securities.
  • The maturity date of the credit facility will be extended to January 18, 2028, from its original May 27, 2026 date.
  • Concurrently, dentalcorp reduced the facility amount from $1.75 billion to $1.4 billion.
  • In addition, dentalcorp has fully hedged the previously unhedged portion of its credit facility.

ArcTern Ventures Announces USD $335 Million Fund III Focused on Global Decarbonization

Retrieved on: 
Monday, January 22, 2024
Sustainability, Environment, Finance, Asset Management, Environmental Issues, Climate Change, Environmental Health, Professional Services, Allianz, Entrepreneurship, Eye, OPTrust, Bank, Agriculture, Chair, Toronto-Dominion Bank, Climate change, Investment, Partner (business rank), TD Securities, Climate, GHG, Renewable energy

Having originally targeted a close at $300 million, Fund III is now over-subscribed, reinforcing ArcTern’s position as one of the largest dedicated climate tech venture funds in the world.

Key Points: 
  • Having originally targeted a close at $300 million, Fund III is now over-subscribed, reinforcing ArcTern’s position as one of the largest dedicated climate tech venture funds in the world.
  • Primarily focused on the North American and European markets, ArcTern is committed to deploying its funds in ways that maximize the abatement of greenhouse gas (GHG) emissions over the lifespan of the fund.
  • ArcTern conducts thorough evaluations of all potential environmental impacts before committing to investments.
  • To ensure accountability, ArcTern’s Fund III is registered as an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulations and will be measured against a set of climate impact criteria to quantify and verify investments’ offset emissions.

Moneta Gold and Nighthawk Gold Announce the Proposed Directors for the MergeCo Board

Retrieved on: 
Monday, January 22, 2024
Mining, Minerals, Natural Resources, Diamond, Senior, Mitel, TMX Group, General counsel, Labrador Iron Mines, Research, Kinross Gold, Sustainability, Quadra FNX Mining, Foreign policy, CFO, Kirkland Lake Gold, ESG, Staples Inc., National Bank of Canada, TSX, Eldorado Gold, TD Securities, Communication, Osisko Gold Royalties, SVP

He was the VP Corporate Development & Technical Services for Kirkland Lake Gold, where he led the due diligence and execution of the merger with Newmarket Gold.

Key Points: 
  • He was the VP Corporate Development & Technical Services for Kirkland Lake Gold, where he led the due diligence and execution of the merger with Newmarket Gold.
  • Mr. Salehi also had management roles with St. Andrew Goldfields, Lake Shore Gold, FNX Mining, and Vale.
  • She is currently the SVP, Investor Relations & Communications for Galiano Gold and a director of Ensign Minerals.
  • Previously, she served as SVP, External Affairs and Sustainability for Eldorado Gold Corporation.

CRED iQ Expands its Product Team and Announces the Opening of its New Headquarters

Retrieved on: 
Thursday, January 18, 2024
Bloomberg, Investment, CRE, CRED, Senior advisor, CMBS, TD Securities, Management

In addition, CRED iQ has added CRE & CMBS veteran Rick Fontana to its Product team.

Key Points: 
  • In addition, CRED iQ has added CRE & CMBS veteran Rick Fontana to its Product team.
  • CRED iQ is also announcing that Rick Fontana has joined the firm as a Senior Advisor.
  • Rick's background spans the CRE Finance ecosystem and includes deep experience in analytics, fixed income, CMBS and CRE product development.
  • "Rick adds vital depth and experience to our team as we continue to deepen the sophistication of our product offerings" noted Michael Haas, CEO and Founder of CRED iQ.

Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

Retrieved on: 
Friday, January 12, 2024
Fifth Avenue, Debt-to-GDP ratio, KRG, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Goldman Sachs, Citigroup, Wells Fargo, ATTN:, Telephone, TD Securities, Security (finance), Note

INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.

Key Points: 
  • INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.
  • The Notes will be issued at 98.670% of par value with a yield to maturity of 5.673%.
  • Interest on the Notes is payable semi-annually on March 1 and September 1 of each year, beginning on September 1, 2024.
  • Regions Securities LLC, TD Securities and US Bancorp served as senior co-managers for the offering.

NETSTREIT Corp. Announces Closing of Forward Common Stock Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Retrieved on: 
Friday, January 12, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Partnership, Stifel, Prospectus, BofA Securities, Sale, Bank of America, Scotiabank, Wells Fargo, Citigroup, Attention, TD Securities, Exercise, Security (finance)

Wells Fargo Securities and BofA Securities acted as the book-running managers and representatives of the underwriters for the offering.

Key Points: 
  • Wells Fargo Securities and BofA Securities acted as the book-running managers and representatives of the underwriters for the offering.
  • Jefferies, Truist Securities, Capital One Securities, Regions Securities LLC, Scotiabank, TD Securities, Mizuho, Stifel and Citigroup acted as joint book-running managers for the offering.
  • The Company has entered into forward sale agreements with affiliates of Wells Fargo Securities and BofA Securities (the "forward purchasers") with respect to 11,040,000 shares of its common stock.
  • The Company did not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers.

NETSTREIT Corp. Announces Pricing of Upsized Forward Common Stock Offering

Retrieved on: 
Wednesday, January 10, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Comerica, Partnership, Stifel, Prospectus, BofA Securities, Sale, Bank of America, Scotiabank, Wells Fargo, Citigroup, Attention, TD Securities, Exercise, Security (finance)

NETSTREIT Corp. (the “Company”) announced today that it has priced a public offering of 9,600,000 shares of its common stock at a public offering price of $18.00 per share in connection with the forward sale agreements described below.

Key Points: 
  • NETSTREIT Corp. (the “Company”) announced today that it has priced a public offering of 9,600,000 shares of its common stock at a public offering price of $18.00 per share in connection with the forward sale agreements described below.
  • The Company has granted the underwriters a 30-day option to purchase up to an additional 1,440,000 shares of common stock.
  • Wells Fargo Securities and BofA Securities are acting as book-running managers and representatives of the underwriters for the offering.
  • The Company initially will not receive any proceeds from the sale of shares of its common stock by the forward purchasers.

Clearwater Analytics Strengthens Leadership Team with Key Appointments

Retrieved on: 
Tuesday, January 9, 2024
Clearwater Analytics, CSO, Accounting, RBC Capital Markets, Bank, Software as a service, SimCorp, Investment, IHS Markit, Acquisition, Bank of America, TD Securities, Bear Stearns, Growth, Management

BOISE, Idaho, Jan. 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Shane Akeroyd as its Chief Strategy Officer (CSO) and Ann-Sophie Skjoldager Bom as the Sales Director responsible for Strategic Asset Management clients.

Key Points: 
  • Prior to joining Clearwater Analytics, he was President and Global Head of Account Management at IHS Markit, led IHS Markit's team in the Asia Pacific region, and managed the firm's relationships with its largest global accounts.
  • Prior to joining Clearwater, Skjoldager Bom led SimCorp's sales team in North America.
  • His leadership experience and successful track record will be pivotal to guiding Clearwater in our next phase of growth.
  • Under her guidance, we will provide more value to these clients while driving revenue in this important market," said Sandeep Sahai, CEO at Clearwater Analytics.

Realty Income Prices $1.25 Billion Dual-tranche Offering of Senior Unsecured Notes

Retrieved on: 
Tuesday, January 9, 2024
Telephone, Suite, ATTN:, TD Securities, Sale, Capital market, Acquisition, Vanderbilt Avenue, Mizuho, Note, Attention, Realty Income, SAN, Register, Wells Fargo, Citigroup, Prospectus, Broadridge Financial Solutions, BBVA, Kitchen Party (girl group), Mizuho Securities, Security (finance)

SAN DIEGO, Jan. 8, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $450 million of 4.750% senior unsecured notes due February 15, 2029 (the "2029 Notes"), and $800 million of 5.125% senior unsecured notes due February 15, 2034 (the "2034 Notes" and, together with the 2029 Notes, the "notes").

Key Points: 
  • SAN DIEGO, Jan. 8, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $450 million of 4.750% senior unsecured notes due February 15, 2029 (the "2029 Notes"), and $800 million of 5.125% senior unsecured notes due February 15, 2034 (the "2034 Notes" and, together with the 2029 Notes, the "notes").
  • Combined, the notes have a weighted average tenor of approximately 8.3 years, a weighted average semi-annual yield to maturity of 5.142%, and weighted average coupon rate of 4.990%.
  • This offering is expected to close on January 16, 2024, subject to the satisfaction of customary closing conditions.
  • The active joint book-running managers for the offering are Wells Fargo Securities, BBVA, Citigroup, Mizuho and TD Securities.