RBL

Appearance Technology Group Announces the Acquisition of BAF Industries

Retrieved on: 
Thursday, May 9, 2024

FARMINGTON, Mich., May 9, 2024 /PRNewswire/ -- Appearance Technology Group ("ATG") announced the acquisition of BAF Industries ("BAF").

Key Points: 
  • FARMINGTON, Mich., May 9, 2024 /PRNewswire/ -- Appearance Technology Group ("ATG") announced the acquisition of BAF Industries ("BAF").
  • Founded in 1935, BAF is a leading manufacturer of branded, consumable car care liquid chemicals and specialty aerosols for professional and do-it-yourself ("DIY") users.
  • BAF offers a comprehensive portfolio of soaps, cleaners, degreasers, aerosols, waxes, polishes, compounds, and coatings sold under the PRO® brand.
  • Nathan Iverson, CEO of ATG, said, "BAF and its PRO® brand draw on a rich history and longstanding reputation within the professional detailing market.

Kosmos Energy Announces First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024.
  • Kosmos exited the first quarter of 2024 with approximately $2.7 billion of total long-term debt and approximately $2.4 billion of net debt(1) and available liquidity of approximately $954 million.
  • Hookup and commissioning of the FPSO remain on the critical path to first gas, expected in the third quarter of 2024 with first LNG expected in the fourth quarter of 2024.
  • Kosmos will host a conference call and webcast to discuss first quarter 2024 financial and operating results today, May 7, 2024, at 10:00 a.m. Central time (11:00 a.m. Eastern time).

Kosmos Energy Announces Successful Reserve-based Lending Facility Re-financing

Retrieved on: 
Monday, April 29, 2024

Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.
  • Discussions with additional potential lenders are ongoing and are expected to increase commitments later this year towards the RBL facility size.
  • $800 million is currently drawn against the RBL facility with the first amortization payment scheduled for April 1, 2027.
  • Neal Shah, Chief Financial Officer, said “Re-financing the RBL facility is another important step to optimize Kosmos’ capital structure and proactively address our debt maturities.

Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.

Key Points: 
  • DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.
  • The Company's average daily production in the fourth quarter 2023 increased 2% to 25,900 boe/d, compared to third quarter volumes.
  • Company-wide realized oil price, including hedging effects, was $72.65 per bbl for the fourth quarter 2023 compared to $73.13 per bbl in the third quarter 2023.
  • General and administrative expenses (“G&A”) remained flat in the fourth quarter 2023 compared to the third quarter 2023.

Talos Energy Announces Strategic Acquisition of QuarterNorth Energy

Retrieved on: 
Monday, January 15, 2024

HOUSTON, Jan. 15, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction").

Key Points: 
  • HOUSTON, Jan. 15, 2024 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction").
  • The board of directors of both Talos and QuarterNorth have unanimously approved the Transaction.
  • Talos estimates QuarterNorth average daily production for the full year 2024 of approximately 30 MBoe/d (75% oil), inclusive of planned downtime.
  • Please dial in approximately 15 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call.

MPE Partners Announces the Formation of Appearance Technology Group and Acquisition of RBL Products and Kwik Paint Products

Retrieved on: 
Monday, October 30, 2023

CLEVELAND and BOSTON, Oct. 30, 2023 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced that Appearance Technology Group ("ATG") has acquired RBL Products and Kwik Paint Products ("RBL Products" or "RBL").

Key Points: 
  • CLEVELAND and BOSTON, Oct. 30, 2023 /PRNewswire/ -- MPE Partners ("MPE" or "Morgenthaler Private Equity") announced that Appearance Technology Group ("ATG") has acquired RBL Products and Kwik Paint Products ("RBL Products" or "RBL").
  • ATG represents the new trademark of the Hi-Tech Industries and 3D Products companies that were acquired by MPE in 2022.
  • RBL Products is a leading supplier of consumable protective plastics, masking films, and paint preparation products utilized by automotive original equipment manufacturers ("OEM") and paint, body, and equipment ("PBE") users across the United States and internationally.
  • Nathan Iverson, CEO of Appearance Technology Group, said, "We are excited to welcome RBL into the Appearance Technology Group family of brands.

Sygnum, Float & Fasanara join forces to tokenise private debt markets

Retrieved on: 
Thursday, October 26, 2023

Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio alongside Fasanara Capital, a leading institutional fintech credit fund manager.

Key Points: 
  • Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio alongside Fasanara Capital, a leading institutional fintech credit fund manager.
  • The issuance of the Float token – the first private debt asset token – required the close collaboration of experts in lending, debt financing and tokenisation to make it a reality.
  • Through Sygnum, investors were able to get trusted exposure to asset classes previously seen as hard to access, like private debt markets, in a direct, fully compliant and fractional manner.
  • *Citi Report March 2023: Money, Token and Games **The Float Token originator is Float Finance AB (Sweden), which adheres to MiFID (or equivalent) requirements.

Matador Resources Company Reports Second Quarter 2023 Results, Increases Production Guidance and Decreases Capital Expenditure Guidance

Retrieved on: 
Tuesday, July 25, 2023

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the second quarter of 2023.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the second quarter of 2023.
  • “Our results for the second quarter of 2023 were above our expectations both operationally and financially.
  • The second quarter of 2023 was the best production quarter in Matador’s history as we averaged more than 130,000 barrels of oil and natural gas equivalent (“BOE”) production per day.
  • “In addition to capital expenditure savings, we anticipate lower per unit lease operating expenses during the remainder of 2023.

Concerned Investor Michael McConnell Issues Open Letter to RedBubble Shareholders

Retrieved on: 
Thursday, June 29, 2023

Michael McConnell, a holder of 800,000 shares of RedBubble Limited ("RBL" or the "Company") (ASX: RBL, ADR: RDBBY) today issued the following open letter to RBL shareholders:

Key Points: 
  • Michael McConnell, a holder of 800,000 shares of RedBubble Limited ("RBL" or the "Company") (ASX: RBL, ADR: RDBBY) today issued the following open letter to RBL shareholders:
    My name is Michael McConnell and I write to you again as a concerned RedBubble ("RBL" or the "Company") shareholder.
  • I own 800,000 RBL shares acquired at an average cost significantly above the current price of approximately $0.34 per share.
  • This Company needs no nonsense, experienced, non-executive directors chosen by the shareholders rather than an incumbent Board.
  • I encourage all shareholders to communicate with members of the RBL Board and management and demand substantive accountability and change.

Kosmos Energy Announces First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023

Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2023.

Key Points: 
  • Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2023.
  • “Kosmos has a busy year of catalysts ahead, having already delivered key milestones in the first quarter.
  • Kosmos exited the first quarter of 2023 with approximately $2.3 billion of total long-term debt and approximately $2.1 billion of net debt(1) and available liquidity of approximately $1.0 billion.
  • Kosmos will host a conference call and webcast to discuss first quarter 2023 financial and operating results today, May 9, 2023, at 10:00 a.m. Central time (11:00 a.m. Eastern time).