These additions to the team will further support Monarch's long-standing relationships and cultivate new partnerships with first class investors globally.
Key Points:
- These additions to the team will further support Monarch's long-standing relationships and cultivate new partnerships with first class investors globally.
- Kristina Kuhnke joined Monarch as a Managing Director in the firm's London office to focus on international partnerships.
- Ms. Kuhnke brings extensive global relationships to Monarch, having most recently led the Investor Relations and Business Development team at RoundShield Partners, a European investment firm focused on asset-backed special opportunities.
- Roddy Conner joined Monarch as a Director focused primarily on Monarch's existing and developing real estate platform and partnerships.
Element,
Espresso,
Friends,
Parmesan,
Real estate,
Universal Pictures,
Relaxation,
Starwood,
International Drive,
Yoga,
Travel,
Matrix,
Liquid Sunshine,
MCO,
Food,
Orange County Convention Center,
Monarch Alternative Capital,
Architecture,
Wine,
Salad,
Creativity,
Heart,
HHM,
Collaboration,
Beer,
Orlando International Airport,
Movement Brought to life by international design and architecture firm Parker Torres , Hotel Landy’s interior spaces embody a sense of creativity and eclecticism.
Key Points:
- Brought to life by international design and architecture firm Parker Torres , Hotel Landy’s interior spaces embody a sense of creativity and eclecticism.
- "We are thrilled to unveil Hotel Landy as the latest addition to our growing portfolio," shares Ian Glastein, Co-Head of Real Estate and Managing Principal, Monarch Alternative Capital.
- Hotel Landy’s perpetual energy continues with a 24/7 Kinetic Game Room, which includes retro arcade games, dueling Sudoku walls, air hockey and more.
- “The energy of this hotel blends so seamlessly with our prime location on Universal Boulevard,” says Demetrius Hodge, Hotel Landy General Manager.
MORRISVILLE, N.C., March 25, 2024 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus," "we" or "our"), a global value-added agricultural company, today announced a significant strengthening of its capital structure, which will position the business for future profitable growth. Its wholly-owned subsidiary, Pyxus Holdings, Inc. (the "Company"), has entered into a privately negotiated repurchase agreement with certain holders of the Company's 8.50% Senior Secured Notes due 2027 (the "2027 Notes") and its Senior Secured Pyxus Term Loans due 2027 (the "2027 Loans") who are managed, advised or sub-advised by Monarch Alternative Capital LP (the "Holders").
Key Points:
- "We are pleased our strategy has resulted in the growing strength of our operational and financial performance.
- Combined with our disciplined approach to working capital management, we have realized a significant opportunity to materially reduce our long-term debt," said President and CEO of Pyxus, Pieter Sikkel.
- The annual interest cost reduction associated with this elimination of long-term debt is $12.9 million per year.
- The following table summarizes these anticipated actions to reduce the Company's long-term debt:
These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas.
Key Points:
- These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas.
- Casey Callan joined Monarch as a Principal specializing in capital solutions.
- Mr. Malhotra will play a central role in positioning Monarch to capitalize on the growing opportunity set in structured credit and real estate over the coming years.
- "Monarch has an established track record of providing flexible lending solutions within corporate situations and investing in structured credit and real estate since its inception," said Michael Weinstock, Chief Executive Officer for Monarch.
Retrieved on:
Wednesday, October 18, 2023
Retail,
Commercial Building & Real Estate,
Restaurant,
Bar,
Construction & Property,
ATM,
Heart,
Food,
Brickell Avenue,
Tenant Services Authority,
Cactus,
Lunch,
Multimedia,
Citigroup Center,
Tenant,
MacArthur Causeway,
JLL,
Skylawn Memorial Park (San Mateo, California),
Intercontinental,
Cactus Club Cafe,
Citigroup,
Miami International Airport,
Collection,
MIA,
Bayfront Park station,
U.S. Route 1 in Florida,
Nightclub,
Hotel,
Brickell,
Vertical Key Points:
- View the full release here: https://www.businesswire.com/news/home/20231018207170/en/
Citigroup Center in Downtown Miami (Photo: Business Wire)
With 34 locations across Canada, Cactus Club Cafe is a restaurant collection serving up contemporary dining experiences that feature global and local cuisines.
- As part of their U.S. expansion, Cactus will open its first Florida location at Citigroup Center.
- “Citigroup Center is the perfect location within downtown and Brickell to launch our Cactus flagship restaurant in Miami,” says Cactus Club Cafe President Andrew Latchford.
- “In addition to truly activating Citigroup Center’s ground floor, which constitutes today's ultimate office amenity, Cactus Club Cafe is poised to become a dining destination in downtown Miami,” said Lyle B. Stern.
The platform will initially comprise 11 marinas and 4 RV resorts, including over 5,500 marina slips and over 500 RV pads located throughout Georgia, New York, Pennsylvania and Tennessee.
Key Points:
- The platform will initially comprise 11 marinas and 4 RV resorts, including over 5,500 marina slips and over 500 RV pads located throughout Georgia, New York, Pennsylvania and Tennessee.
- Monarch was attracted to the differentiated attributes in the marina and RV industries and believes the existing portfolio exemplifies these strengths.
- Marinas and RV resorts benefit from attractive industry fundamentals enabling them to produce robust, high growth rental revenues.
- A strict regulatory environment, scarcity of available land, and the capital intensity of new developments result in high barriers to entry, limiting the supply of new marinas and RV resorts.
Security,
Home Goods,
Retail,
Consumer Electronics,
Technology,
Wardwell,
Bankruptcy,
Plan,
Superpriority,
Partnership,
File,
PJT Partners,
Line of credit,
L.L.C,
Latham & Watkins,
RSA,
EBITDA,
Title 11 of the United States Code,
Monitronics,
Monarch,
Invesco,
United States bankruptcy court,
Court,
Growth,
Security (finance),
Bank “We are pleased to have reached an agreement with our lenders and shareholders to create a capital structure that is right-sized for our business model.
Key Points:
- “We are pleased to have reached an agreement with our lenders and shareholders to create a capital structure that is right-sized for our business model.
- “The strength of the underlying Monitronics business model positions us for success in a growing market.
- We also appreciate the support of the Company’s lenders, including the new principal equity investors, Monarch and Invesco.
- and Davis Polk & Wardwell LLP are acting as lead advisors for the ad hoc group of lenders.
