TD Securities

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.

Citi Acts as First Issuing and Paying Agent for World Bank on Euroclear’s New D-FMI DLT Platform

Retrieved on: 
Tuesday, October 24, 2023
Technology, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Blockchain, Software, Asset Management, Digital, IBRD, Reconstruction, Citibank, Luxembourg Stock Exchange, Innovation, Public sector banks in India, President's Pay Agent, International Bank, TD Securities, DNN, Partnership, DLT, Digital asset, EUR, TD, World Bank, Cryptocurrency, Security (finance), Euroclear, Citigroup

The EUR 100 million 3-year DNN was issued by the World Bank - International Bank for Reconstruction and Development (IBRD) - (rated Aaa/AAA) and listed on the Luxembourg Stock Exchange.

Key Points: 
  • The EUR 100 million 3-year DNN was issued by the World Bank - International Bank for Reconstruction and Development (IBRD) - (rated Aaa/AAA) and listed on the Luxembourg Stock Exchange.
  • Today is the culmination of a multi-year program with stakeholders including Citi, Euroclear and IBRD to deliver a sustainable digital infrastructure for the issuance of DNNs.
  • It is envisaged that the D-FMI will improve efficiency and growth opportunities for debt capital market participants as the infrastructure continues to develop.
  • These innovative solutions enhance Citi’s products and services including digital money, trade, securities, custody, asset servicing and collateral mobility.

R3’s Corda Powers First Digital Bond Issuance on Euroclear’s Digital Financial Market Infrastructure

Retrieved on: 
Tuesday, October 24, 2023
Technology, Finance, Security, Fintech, Business, Professional Services, Software, Networks, Internet, Digital, ICSD, TD Securities, Architecture, Corda, DLT, TD, World Bank, SSA, CPSS-IOSCO Principles for Financial Market Infrastructures, Citigroup, Cryptocurrency, Security (finance), Euroclear

The transaction represents a major development in Euroclear’s ongoing Distributed Financial Market Infrastructure (DFMI) initiative, harnessing the power of R3’s Corda platform to improve the transparency, speed and resilience of the bond issuance process.

Key Points: 
  • The transaction represents a major development in Euroclear’s ongoing Distributed Financial Market Infrastructure (DFMI) initiative, harnessing the power of R3’s Corda platform to improve the transparency, speed and resilience of the bond issuance process.
  • The issuance took place under UK law and was successfully completed yesterday, Monday 23rd of October at 1pm BST.
  • The issuance of the digital bond is another example of R3’s Corda being leveraged by regulated institutions around the world to digitise the capital markets and drive innovation forward.
  • In addition to Euroclear, Corda is being used by hundreds of institutions to power digital finance solutions across capital markets.

Consolidated Communications Announces Agreement to be Acquired by Searchlight Capital Partners and British Columbia Investment Management Corporation

Retrieved on: 
Monday, October 16, 2023
Networks, Internet, VoIP, Technology, Telecommunications, Rothschild & Co, Partnership, RBC Capital Markets, LLP, Consolidated Communications, Latham & Watkins, BCI, Agreement, J.P. Morgan & Co., Consolidated, Amendment, Crown corporations of Canada, TD Securities, Cravath, Swaine & Moore, Wells Fargo, Wachtell, Lipton, Rosen & Katz, Environment, Weil, Gotshal & Manges, Report of the Special Committee on the Termination of the National Emergency, Committee, Searchlight Capital, CNSL, TD, Sale, Security (finance), Financial adviser, Cryptocurrency

Under the terms of the Agreement, Searchlight and BCI will acquire all of the Consolidated common stock not already owned by Searchlight for $4.70 per share in cash.

Key Points: 
  • Under the terms of the Agreement, Searchlight and BCI will acquire all of the Consolidated common stock not already owned by Searchlight for $4.70 per share in cash.
  • We also considered capital structure alternatives, analyzing the potential availability, cost and feasibility of injecting additional capital into the business.
  • Following this review, the Special Committee determined this transaction is the best path forward for Consolidated Communications and its shareholders.
  • Morgan Stanley & Co. LLC, Wells Fargo, Mizuho, RBC Capital Markets and TD Securities are also acting as financial advisors to Searchlight.

Berkshire Partners Announces Majority Growth Investment in TowerNorth

Retrieved on: 
Thursday, October 5, 2023
Consulting, Banking, Technology, Professional Services, Other Technology, Telecommunications, Asset Management, Other Professional Services, Networks, Mobile, Wireless, Finance, Investment, Multimedia, Data infrastructure, Kirkland & Ellis, Berkshire, Communication, Crown Castle, TD Securities, Growth, TD, Berkshire Partners, Mobile phone

Berkshire Partners today announced it has made a majority growth investment in TowerNorth , a fast-growing independent developer, owner, and operator of critical wireless infrastructure assets in the United States and Europe.

Key Points: 
  • Berkshire Partners today announced it has made a majority growth investment in TowerNorth , a fast-growing independent developer, owner, and operator of critical wireless infrastructure assets in the United States and Europe.
  • “TowerNorth has seen tremendous growth since inception, and we continue to see significant opportunities ahead as the buildout of 5G and successor networks continues,” said Stern, Chief Executive Officer of TowerNorth.
  • TD Securities acted as the sole financial advisor and Husch Blackwell LLP acted as the legal advisor to TowerNorth.
  • Babst Calland and Kirkland & Ellis advised Berkshire Partners.

SLC Management announces new co-heads of Private Fixed Income business

Retrieved on: 
Thursday, October 5, 2023
Investment, Senior, BlackRock, Credit, ESG, US, Commonwealth, Massachusetts Development Finance Agency, AIG, Sun Life Financial, Barings LLC, USS Salt Lake City, United States Department of the Navy, TD Securities, PFI, TD, USS Salt Lake City (SSN-716), Private, Non-corporate credit, Security (finance)

and TORONTO, Oct. 5, 2023 /PRNewswire/ - SLC Management, the US$273B (C$361B) institutional fixed income and alternatives asset manager, is pleased to announce changes to the firm's Private Fixed Income (PFI) team.

Key Points: 
  • and TORONTO, Oct. 5, 2023 /PRNewswire/ - SLC Management, the US$273B (C$361B) institutional fixed income and alternatives asset manager, is pleased to announce changes to the firm's Private Fixed Income (PFI) team.
  • Sam Tillinghast, Head of Private Fixed Income, SLC Management, has announced his intention to retire, effective December 31, 2023.
  • Liz Thorne, Managing Director, Private Fixed Income and ESG, SLC Management will lead the Corporate Private Placements team and Petra Wendroth, Managing Director, Portfolio Manager, Private Fixed Income, SLC Management, will lead PFI Portfolio Management for clients in the U.S. and Canada.
  • Ms. Wendroth joined SLC Management in 2012, specializing in structuring and underwriting private fixed income investments, including senior middle-market corporate loans and infrastructure transactions as well as managing various private fixed income portfolios.

Essential Utilities Announces Sale of Allegheny County Microgrid and District Energy Projects to Cordia

Retrieved on: 
Tuesday, October 3, 2023
Other Energy, Utilities, Environment, Oil, Gas, Sustainability, Alternative Energy, Energy, Allegheny County Courthouse, Essential Utilities, Duquesne University, PIT, Pittsburgh International Airport, TD Securities, Airport, Sale, Government, Public expenditure, Steam, AHN, Traction, Acquisition, Investment, WTRG, Water, Gibson Dunn, Heat, Allegheny Health Network, NYSE, City-County Building, Safety, Heating, ventilation, and air conditioning, Renewable energy, Essential

Essential Utilities, Inc. (NYSE: WTRG) today announced a binding agreement to sell its three non-utility microgrid and district energy properties in Allegheny County to Cordia , a sustainability-driven energy solutions provider.

Key Points: 
  • Essential Utilities, Inc. (NYSE: WTRG) today announced a binding agreement to sell its three non-utility microgrid and district energy properties in Allegheny County to Cordia , a sustainability-driven energy solutions provider.
  • The agreement covers innovative microgrids and district energy systems developed by Peoples , Essential’s gas operations subsidiary based in Pittsburgh, where the assets are located.
  • The Allegheny County District Energy system provides efficient and resilient steam and hot water services to six government buildings including the Allegheny County Courthouse and City-County Building, using seven state-of-the-art steam boilers and one domestic water heater.
  • "We are honored to have the opportunity to acquire the cutting-edge microgrid and district energy systems from Essential Utilities,” said Cordia CEO Earl Collins.

Sunrun Closes $715 million Senior Securitization of Residential Solar & Battery Systems and Raises $253 million of Additional Subordinated Financing

Retrieved on: 
Thursday, September 28, 2023
TD, Deutsche Bank, Class, TD Securities, Atlas, BofA Securities, J.P. Morgan & Co., A-1, Sale, SAN, Citigroup Global Markets Japan, Bank, Security (finance), Sunrun

"We are pleased with Sunrun's record-setting transaction, placing the largest ever residential solar securitization for the industry and subsequently raising additional non-recourse financings, ” said Danny Abajian, Sunrun’s Chief Financial Officer.

Key Points: 
  • "We are pleased with Sunrun's record-setting transaction, placing the largest ever residential solar securitization for the industry and subsequently raising additional non-recourse financings, ” said Danny Abajian, Sunrun’s Chief Financial Officer.
  • The $440mm Class A-1 notes were marketed in a public asset backed securitization whereas the $275mm Class A-2 notes were privately placed.
  • The spread of 240bps represents an improvement of 25bps from Sunrun’s 2023-1 asset backed securitization in May 2023.
  • In connection with including these seasoned assets in the financing, Sunrun also repaid $255 million in total debt, including senior and subordinated term loans maturing in 2024 and 2029, respectively.

Bell announces closing of amendments to its securitization program to add sustainability-linked pricing

Retrieved on: 
Wednesday, September 27, 2023
Science, Bell, Science Based Targets initiative, Employment, Bell Canada, Canada's Top 100 Employers, TD, Culture, Workplace, TD Securities, Lead, CDN, GHG, BCE, Carbon, Better, Targets, Organization, Bell's whisky, Bell Let's Talk, Sustainability Bonds, CDP, ESG, Integration, Mental health, MPEG transport stream, Vancouver's greenest city action plan, Scotiabank, Renewable energy

MONTRÉAL, Sept. 27, 2023 /PRNewswire/ - Bell Canada (Bell) announced today that it has amended its existing Cdn $2.3 billion securitization program to add sustainability-linked pricing.

Key Points: 
  • MONTRÉAL, Sept. 27, 2023 /PRNewswire/ - Bell Canada (Bell) announced today that it has amended its existing Cdn $2.3 billion securitization program to add sustainability-linked pricing.
  • "We are pleased to announce the closing of amendments to our securitization program to add sustainability-linked pricing.
  • Bell selected these two targets as they collectively cover the vast majority of Bell's total carbon footprint.
  • Bell has also received an A- score in the 2022 CDP annual ranking, demonstrating our leadership in climate transparency and action.

Danny Salinas Joins Cantor Fitzgerald as Chief Financial Officer

Retrieved on: 
Monday, September 18, 2023
Georgetown University, TD Securities, Simpson Thacher & Bartlett, Growth, Simpson, TD, Toronto-Dominion Bank, CPA, Management, Cantor, Rutgers University

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Cantor Fitzgerald, L.P., ("Cantor") a leading global financial services firm, today announced the appointment of Danny Salinas as Cantor's new Global Chief Financial Officer.

Key Points: 
  • NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Cantor Fitzgerald, L.P., ("Cantor") a leading global financial services firm, today announced the appointment of Danny Salinas as Cantor's new Global Chief Financial Officer.
  • Mr. Salinas will assume all internal and external financial responsibilities for Cantor's consolidated businesses.
  • Howard W. Lutnick, Chairman and Chief Executive Officer, commented on today's announcement, "We are excited about Danny joining Cantor's executive leadership team.
  • Prior to joining Cantor, Mr. Salinas held various executive positions for over a decade at TD Bank Group, including most recently as a Chief Financial Officer at TD Securities.