GIBSON

FirstLight Fiber Successfully Raises Five-Year Senior Secured Infrastructure Debt Financing Package

Retrieved on: 
Tuesday, May 7, 2024
Antin, Partner, BBVA, Investment banking, Antin Infrastructure Partners, SMBC, TD Securities, J. P. Morgan, Banco Bilbao Vizcaya Argentaria, Sumitomo Mitsui Banking Corporation, Growth, Bank

Albany, NY, May 07, 2024 (GLOBE NEWSWIRE) -- FirstLight Fiber , the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised a five-year senior secured infrastructure debt financing package.

Key Points: 
  • Albany, NY, May 07, 2024 (GLOBE NEWSWIRE) -- FirstLight Fiber , the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised a five-year senior secured infrastructure debt financing package.
  • The package will be used to refinance FirstLight’s existing financing and support its future capital expenditure needs.
  • “We are extremely proud to have secured this innovative financing from many of our core relationship banks,” added Kevin Genieser, Managing Partner at Antin Infrastructure Partners and FirstLight Board Member.
  • “This is an exciting evolution for us and well positions FirstLight for the future.”
    FirstLight Fiber is owned by funds managed by Antin Infrastructure Partners.

Naidich Wurman LLP Responds to SEC Complaint on Behalf of Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer

Retrieved on: 
Tuesday, May 7, 2024

NEW YORK, May 7, 2024 /PRNewswire/ -- Naidich Wurman LLP, counsel for Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer, responded to a complaint filed by the SEC today.

Key Points: 
  • NEW YORK, May 7, 2024 /PRNewswire/ -- Naidich Wurman LLP, counsel for Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer, responded to a complaint filed by the SEC today.
  • The SEC's charges are unfounded and we will vigorously contest them.
  • "I look forward to the testimony of the SEC attorneys who for more than a decade have known about my funding of small public companies.
  • Power Up Lending's litigation counsel Marshall R. King, Gibson Dunn & Crutcher LLP; 212-351-3905; [email protected]

JOANN Receives Court Approval for Prepackaged Financial Recapitalization Plan

Retrieved on: 
Thursday, April 25, 2024
Bankruptcy, Lazard, Security (finance), Corporate action, United States bankruptcy court, Interim, Creativity, Latham & Watkins

HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization.

Key Points: 
  • HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization.
  • JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days.
  • Latham & Watkins LLP is serving as legal counsel to JOANN, with Houlihan Lokey serving as financial advisor and Alvarez & Marsal North America, LLC serving as restructuring advisor.
  • Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.

Telesis Bio Inc. announces strategic focus on game-changing Gibson SOLA enzymatic DNA synthesis (EDS) platform and BioXp mRNA solutions and announces new leadership

Retrieved on: 
Thursday, April 18, 2024
EDS, 9600, Doctor of Philosophy, Growth, Entrepreneurship, Automation, Avantor, DNA, Messenger, Drug discovery, SAN, Gene, Telesis

SAN DIEGO, April 18, 2024 (GLOBE NEWSWIRE) -- Telesis Bio Inc. (NASDAQ: TBIO), a leader in automated benchtop DNA and mRNA synthesis solutions, today announced a focus in strategy enabled by the commercial availability of its groundbreaking Gibson SOLA platform.

Key Points: 
  • SAN DIEGO, April 18, 2024 (GLOBE NEWSWIRE) -- Telesis Bio Inc. (NASDAQ: TBIO), a leader in automated benchtop DNA and mRNA synthesis solutions, today announced a focus in strategy enabled by the commercial availability of its groundbreaking Gibson SOLA platform.
  • “We believe our advances in enzymatic synthesis will ultimately accelerate the current drug discovery paradigm by creating mRNA-based vaccine and therapeutic candidates in days rather than weeks or months,” said Dan Gibson, PhD, Co-Founder of Telesis Bio.
  • Gibson SOLA can deliver on-demand DNA and mRNA in 1 – 2 days, enabling high throughput production at near 100% fidelity in unprecedented time.
  • Expanded the BioXp selling channel to broaden reach and provide easier access to its advanced benchtop synthesis technology.

Gibson Energy Confirms 2024 First Quarter Earnings Release and Annual General Meeting Dates and Provides Conference Call & Webcast Details

Retrieved on: 
Thursday, April 11, 2024
Webcast, Internet, Bank statement, Annual general meeting, Mountain Time Zone, URL, PIN, Eastern Time Zone

The 2024 first quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.com .

Key Points: 
  • The 2024 first quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.com .
  • A conference call and webcast will be held to discuss the 2024 first quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, April 30, 2024.
  • Gibson is holding its Annual Meeting of Shareholders on Tuesday, April 30, 2024 at 10:00am Mountain Time (12:00 noon Eastern Time).
  • Additionally, information and materials related to the annual general meeting of shareholders can be accessed using the following URL:

Ryan Challenges New Non-Compete Rule Issued by Federal Trade Commission (FTC)

Retrieved on: 
Tuesday, April 23, 2024
Consulting, Accounting, Professional Services, Technology, Software, Federal Trade Commission, FTC, IP, General counsel, Research, History, Gibson Dunn, Commission, District court, Constitution, Logic, Intellectual property

Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.

Key Points: 
  • Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.
  • The Firm seeks to prevent the immense, undue burdens the FTC’s rule would impose on service-driven companies of every size nationwide.
  • Ryan sought to dissuade the FTC from this action by submitting last spring a 54-page public comment against the FTC’s proposed rule.
  • Ryan explained how non-compete agreements are an important tool for firms to protect their IP and foster innovation.

Best Guitar-a-thon Deals, New Arrivals, and Exclusives at Guitar Center (2024) Reviewed by Compare Before Buying

Retrieved on: 
Wednesday, April 17, 2024
Other Retail, Other Entertainment, Specialty, Music, Online Retail, Luxury, Retail, Entertainment, Instrument, Sale, Comparison, Guitar Center, Guitar

Guitar-a-Thon is an annual sales event hosted by Guitar Center, one of the largest music retailers in the United States.

Key Points: 
  • Guitar-a-Thon is an annual sales event hosted by Guitar Center, one of the largest music retailers in the United States.
  • During this event, Guitar Center offers significant discounts on a wide range of musical instruments and equipment.
  • Compare Prices: Utilize Compare Before Buying to analyze deals and ensure you're getting the best price on the market.
  • Ask Questions: Guitar Center staff are knowledgeable and can provide insights into the nuances of different products, helping you make an informed decision.

Paychex Recognized for Excellence in Health & Well-being by Business Group on Health

Retrieved on: 
Tuesday, April 9, 2024
Banking, Accounting, Technology, Professional Services, Health, Payments, General Health, Mental Health, Software, Human Resources, Finance, Well, Mindfulness, National Urban League, Organization, Health equity, Mental health, EAP, Employee assistance program, Clifford Whittingham Beers, Nursing

For the 10th time, Paychex has been recognized for the company’s commitment to providing comprehensive and innovative benefits programs that advance the health and well-being of over 16,000 employees.

Key Points: 
  • For the 10th time, Paychex has been recognized for the company’s commitment to providing comprehensive and innovative benefits programs that advance the health and well-being of over 16,000 employees.
  • Paychex is also one of 10 companies to earn additional acknowledgment for a commitment to employees’ emotional well-being through mental health programs.
  • “This is the 10th time Paychex has been honored by Business Group on Health for delivering strategic health and well-being programs that support our employees,” said John Gibson , Paychex president and CEO.
  • “In addition, their novel and impactful approaches focused on critical workforce issues, such as mental health and health equity.

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders

Retrieved on: 
Monday, March 18, 2024
Growth, Lazard, Security (finance), United States bankruptcy court, Bankruptcy, ABL, Creativity, Interim, Latham & Watkins, TSA, FILO

HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million. The parties have also agreed to a six-month extension of the Company’s existing ABL and FILO credit facilities, effective upon the Company’s emergence from the court-supervised process. Under the TSA and related transaction documents, all obligations to employees, vendors, landlords, and other trade creditors will be paid or otherwise satisfied in full and honored in the ordinary course of business.

Key Points: 
  • In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million.
  • We appreciate the support from our financial and industry stakeholders in this agreement, and their confidence in our ability to continue driving positive business change.
  • With the significant support of the Company’s financial stakeholders, JOANN expects to complete this process on an expedited basis, as early as late April 2024.
  • Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders

Retrieved on: 
Monday, March 18, 2024
Growth, Lazard, Security (finance), United States bankruptcy court, Bankruptcy, ABL, Creativity, Interim, Latham & Watkins, TSA, FILO

HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million. The parties have also agreed to a six-month extension of the Company’s existing ABL and FILO credit facilities, effective upon the Company’s emergence from the court-supervised process. Under the TSA and related transaction documents, all obligations to employees, vendors, landlords, and other trade creditors will be paid or otherwise satisfied in full and honored in the ordinary course of business.

Key Points: 
  • In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million.
  • We appreciate the support from our financial and industry stakeholders in this agreement, and their confidence in our ability to continue driving positive business change.
  • With the significant support of the Company’s financial stakeholders, JOANN expects to complete this process on an expedited basis, as early as late April 2024.
  • Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.