TD Securities

Calibre and Marathon Announce Combination to Create a High-Growth, Cash Flow Focused, Mid-Tier Gold Producer in the Americas with Expected Annual Production of 500,000 ounces

Retrieved on: 
Monday, November 13, 2023

The Transaction will create an Americas-focused, high-margin, high-growth, mid-tier gold producer with estimated average annual gold production of approximately 500 koz during 2025 – 2026E1.

Key Points: 
  • The Transaction will create an Americas-focused, high-margin, high-growth, mid-tier gold producer with estimated average annual gold production of approximately 500 koz during 2025 – 2026E1.
  • With Calibre’s strong operational expertise and robust cash flow, I am confident that together with the Marathon team, we will continue to meet or beat expectations.
  • The combined company will have three high quality, cash flowing gold assets, a strong balance sheet, and leadership with proven credentials in value creation.
  • ), Chief Operating Officer for Marathon and Mr. David Ross, P.Geo (NL), Vice President, Geology & Exploration for Marathon.

Bluebird Network Secures $285M in Senior Secured Credit Facilities

Retrieved on: 
Thursday, December 14, 2023

Bluebird Network , a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.

Key Points: 
  • Bluebird Network , a communications infrastructure provider and operator of more than 11,000 miles of fiber and two data centers, announces that it has received $285 million of five-year Senior Secured Credit Facilities.
  • Proceeds from the Credit Facilities were used to refinance Bluebird's existing indebtedness and will fund ongoing capital expenditures including network upgrades, expansion into new markets, and an awarded Middle Mile grant build.
  • TD Securities acted as Lead Left Arranger on the financing and is the Administrative Agent for the Credit Facilities.
  • “This includes growing our fiber network and continuing to take advantage of strategic opportunities as they may arise.”
    For more information about Bluebird Network, visit https://bluebirdnetwork.com/

Kinetik Announces Pricing of Upsized Secondary Offering of Common Stock

Retrieved on: 
Tuesday, December 12, 2023

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $31.50 per share.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $31.50 per share.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • The Offering was upsized from the previously announced 6,000,000 shares based on strong investor demand.
  • The Selling Stockholder has granted to the underwriters a 30-day option to purchase up to an additional 975,000 shares of Kinetik’s Class A common stock.

Kinetik Announces Secondary Offering of Common Stock

Retrieved on: 
Monday, December 11, 2023

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • In connection with the Offering, the Selling Stockholder intends to grant to the underwriters a 30-day option to purchase up to an additional 900,000 shares of Kinetik’s Class A common stock.
  • In connection with the Offering, certain of the Company’s officers and directors, including the Chief Executive Officer, have provided an indication of interest in purchasing shares of Class A common stock from the underwriters at the public offering price.

AvalonBay Communities, Inc. Prices $400 Million Senior Notes Offering

Retrieved on: 
Tuesday, December 5, 2023

The effective interest rate of the Notes is 5.098%, including the impact of prior interest rate hedges, but excluding offering costs.

Key Points: 
  • The effective interest rate of the Notes is 5.098%, including the impact of prior interest rate hedges, but excluding offering costs.
  • Interest on the Notes will be paid semi-annually on June 7 and December 7, with the first payment to be made on June 7, 2024.
  • The Notes will mature on December 7, 2033, unless earlier redeemed.
  • The prospectus supplement and accompanying base prospectus relating to the offering will be filed with the Securities and Exchange Commission (the “SEC”).

Fairway Private Equity & Venture Capital Opportunities Fund Announces Third Quarter Results

Retrieved on: 
Wednesday, November 29, 2023

Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.

Key Points: 
  • Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.
  • As a ’40 Act fund, Fairway Private Equity & Venture Capital Opportunities Fund offers greater flexibility than a traditional, institutionally oriented private equity investment vehicle.
  • The Fairway team includes veteran private equity professionals with total collective experience of 100+ years and deep relationships with many leading private equity and venture capital General Partners.
  • Fairway Capital Management is an investment manager focused on private equity and venture capital investments, headquartered in Chicago.

Presenting Companies Announced for the 2024 ICR Conference

Retrieved on: 
Tuesday, November 28, 2023

ICR , a leading strategic communications and advisory firm, today announced its preliminary list of presenting companies for the 26th ICR Conference , one of the largest growth company investment conferences of the year.

Key Points: 
  • ICR , a leading strategic communications and advisory firm, today announced its preliminary list of presenting companies for the 26th ICR Conference , one of the largest growth company investment conferences of the year.
  • “The 2024 ICR Conference will feature another excellent lineup of innovative growth companies at the forefront of their industries,” said Tom Ryan, Chief Executive Officer, ICR.
  • “We are looking forward to hearing from public and private company management teams who will share their views and insights for driving growth and value creation in the year ahead and beyond.”
    To view the preliminary list of presenting companies at the 2024 ICR Conference, please visit: ICR Conference 2024 Presenting Companies
    ICR previously announced that its initial sponsors in 2024 will include Baird, Barclays, BMO, BofA Securities, Canaccord Genuity, Citi, D.A.
  • To request an invitation to attend or present at the 2024 ICR Conference, please visit https://icrconference.com/contact/request-invitation/ .

Air Lease Corporation Announces Pricing of Offering of C$500 Million of Senior Unsecured Medium-Term Notes

Retrieved on: 
Tuesday, November 21, 2023

Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 20, 2023 of its offering of C$500 million aggregate principal amount of 5.400% senior unsecured medium-term notes due June 1, 2028 (the “Notes”).

Key Points: 
  • Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on November 20, 2023 of its offering of C$500 million aggregate principal amount of 5.400% senior unsecured medium-term notes due June 1, 2028 (the “Notes”).
  • The sale of the Notes is expected to close on November 29, 2023, subject to satisfaction of customary closing conditions.
  • Owners of the Notes will receive payments relating to their Notes in Canadian dollars.
  • BMO Capital Markets, BofA Securities, RBC Capital Markets, Scotiabank and TD Securities are acting as joint book-running managers for the offering of the Notes.

Cyxtera Receives Court Approval for Sale to Brookfield and Plan of Reorganization

Retrieved on: 
Thursday, November 16, 2023

“We are pleased to be moving forward with our sale to Brookfield, which will provide Cyxtera with additional financial flexibility and enable us to benefit from Brookfield’s global infrastructure expertise,” said Nelson Fonseca, Cyxtera’s Chief Executive Officer.

Key Points: 
  • “We are pleased to be moving forward with our sale to Brookfield, which will provide Cyxtera with additional financial flexibility and enable us to benefit from Brookfield’s global infrastructure expertise,” said Nelson Fonseca, Cyxtera’s Chief Executive Officer.
  • In connection with the APA, Brookfield entered agreements with certain of the Company’s landlords to purchase the real estate underlying seven of Cyxtera’s U.S. data centers.
  • Additionally, Cyxtera amended the terms of its leases at three U.S. sites and three international sites to allow it to exit those sites in 2024.
  • Moelis & Co. is serving as exclusive financial advisor to Brookfield on the acquisition of Cyxtera.

Canada-UAE Future Energy Forum Unveils New Climate Action Partnership

Retrieved on: 
Wednesday, December 6, 2023

DUBAI, UAE, Dec. 6, 2023 /CNW/ - The Canada-UAE Business Council (CUBC) hosted its inaugural Future Energy Forum which convened government and industry leaders, innovators, and change-makers to advance climate solutions during the United Nations Climate Change Conference, COP28, hosted at Expo City Dubai.

Key Points: 
  • DUBAI, UAE, Dec. 6, 2023 /CNW/ - The Canada-UAE Business Council (CUBC) hosted its inaugural Future Energy Forum which convened government and industry leaders, innovators, and change-makers to advance climate solutions during the United Nations Climate Change Conference, COP28, hosted at Expo City Dubai.
  • The Forum featured three interactive, moderated discussion panels focusing on public and private sector climate finance, cutting-edge sustainable technologies and forward looking decarbonization policies.
  • He added, "From greenhouse gas monitoring to innovative new technologies to reduce emissions, to investing in critical infrastructure, to building green energy corridors, our members are at the forefront of the future economy."
  • It is estimated that over 40,000 Canadians live and work in the United Arab Emirates.