Latest news with #Creditors
National Post
4 days ago
- Business
- National Post
Zayo to Initiate Amend and Extend Transaction to Strengthen Financial Position, Accelerate Growth and Invest in Network Expansion
Article content Enters Into Transaction Support Agreement with Existing Creditors That Extends Maturities, Providing Financial Flexibility to Advance Strategic Plans Article content DENVER — Zayo, a leading communications infrastructure provider, today announced it has entered into a transaction support agreement ('TSA'), dated as of July 22, 2025, with creditors holding collectively over 95% of outstanding Term Loans, Secured Notes, and Unsecured Notes issued by Zayo Group Holdings, Inc. to amend certain terms and extend maturities to 2030. To implement the transactions contemplated by the TSA, Zayo will commence a series of exchange offers with respect to these debt instruments subject to finalization of the definitive documentation. Article content Article content The transactions contemplated by the TSA provide increased financial flexibility to support Zayo's continued investment in its network to meet growing customer demand driven by AI. Article content Jeff Noto, Chief Financial Officer at Zayo, said of the transaction: Article content 'We are making important progress executing on our strategic plans and positioning Zayo as a leader in delivering purpose-built long-haul routes that are critical to the next generation of AI-enabled technologies. Building on our pending Crown Castle Fiber acquisition, the steps we are taking today will strengthen our financial position and support our ability to meet the accelerating demand for critical fiber infrastructure in the AI age. With flexibility to pursue future alternative sources of financing, such as asset-backed securitization and project financing, we'll be better able to invest in network growth and support our customers' growing connectivity needs. We appreciate the support of our lenders and other financial stakeholders and look forward to solidifying our position in the digital infrastructure economy for years to come.' Article content About Zayo Article content For more than 17 years, Zayo has empowered some of the world's largest and most innovative companies to connect what's next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 19.1 million fiber miles and 147,000 route miles. Zayo's tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what's next at and follow us on LinkedIn. Article content Forward-Looking Statements Article content This press release contains certain 'forward-looking statements,' including, without limitation, statements regarding the consummation of the transactions contemplated by the transaction support agreement and the implementation of our strategic plans. Forward-looking statements can generally be identified by the use of words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'potential,' 'seek,' 'should,' 'think,' 'will,' 'would' and similar expressions, or they may use future dates. All of the forward-looking statements contained in this press release are subject to assumptions, risks and uncertainties that may change at any time, including, without limitation, satisfaction of the terms and conditions set forth in the transaction support agreement and general market and economic conditions. Readers are therefore cautioned that actual results could differ materially from those expressed in any forward-looking statements. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. We undertake no obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law. All forward-looking statements included in this press release are qualified in their entirety by this cautionary statement Article content Article content Article content Article content Article content
Yahoo
14-07-2025
- Business
- Yahoo
Eureka Lithium Corp Announces Debt Settlements
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S58) ("Eureka Lithium" or "Eureka" or the "Company") pleased to announce that it has entered into debt settlement agreements with certain service providers (the "Creditors"), pursuant to which the Company has agreed to settle an aggregate amount of $99,450.00 in outstanding bona fide debt (the "First Debt Settlement"). The Company and the Creditors have agreed to settle the Debt through the issuance to the Creditor of 697,894 common shares in the capital of the Company at a price of $0.1425 per common share (the "Shares"). Subject to the written consent of the Canadian Securities Exchange the First Debt Settlement Shares in connection with the First Debt Settlement will not be subject to any hold period. The Company announces that it has entered into a debt settlement agreement with two creditors to settle an outstanding loan in the amount of $30,000.00 (the "Second Debt Settlement"). The loan was advanced to the Company as a non-interest bearing advance to support working capital and was not subject to a formal loan agreement. The Company and the creditors have agreed to settle the loan through the issuance to the creditors of 210,526 common shares in the capital of the Company at a price of $0.1425 per common share (the "Shares"). The Second Debt Settlement Shares will be subject to a four month and a day hold from the date of issuance. The Company also announces the settlement of C$15,750 owed to David Bowen the Company's Chief Executive Officer, through the issuance of 110,526 Shares at a price of C$0.1425 per Share (the "Third Debt Settlement"). The issuance of the Third Debt Settlement Shares is a "related party transaction" pursuant to Multilateral Instrument 61-101- Protection of Minority Holders in Special Transactions ("MI 61-101") and is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101. Subject to the written consent of the Canadian Securities Exchange the Third Debt Settlement Shares will not be subject to any hold period. The debt settlements were approved by the board of directors of the Company, the majority of whom are considered to be independent with reference to MI 61-101. Pursuant to the policies of the Canadian Securities Exchange, the debt settlements cannot close prior to five business days from the announcement of the Company's intention to complete the debt settlements. About Eureka Lithium Corp. Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 2,108 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. For more information, please contact: David BowenChief Executive OfficerEmail: info@ Cautionary Statement Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the closing of the debt settlement and the hold period of the Shares, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward- looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release. To view the source version of this press release, please visit
Wall Street Journal
20-05-2025
- Entertainment
- Wall Street Journal
‘Creditors' Review: Liev Schreiber's Master Manipulator
New York The Swedish playwright August Strindberg was long dead before the term passive-aggressive was first coined during World War II, subsequently to become so ubiquitous as to be rendered almost meaningless. But his 1889 play 'Creditors,' being revived off-Broadway at the Minetta Lane Theatre in a sharp and stimulating production, offers a master class in the psychological manipulation the term loosely describes.
New York Times
19-05-2025
- Entertainment
- New York Times
‘Creditors' Review: Who Pays the Price for a Bankrupt Marriage?
If a man hates women but also everyone else, is he still a misogynist? I ask for an acquaintance: August Strindberg, the Swedish playwright whose three tempestuous marriages were not enough to exhaust his fury at wives, muses, temptresses and others. Also, it would seem, at himself. His excess of rage found its way into plays — 'Miss Julie' (1888) and 'The Dance of Death' (1900) are today the most famous — that feature male characters only slightly less awful than the women in their lives. That ought to be unbearable, and not just as an affront to feminism; his pox-on-both-your-genders cussedness can sometimes feel self-canceling as drama. Still, Strindberg sticks to the canon of European classics like a tick: ugly, bloodthirsty, alive. The contradiction is at its most vexing in 'Creditors,' a follow-up to 'Miss Julie' that flips the earlier play's love-triangle geometry so that one woman and two men stand at its vertexes instead of one man and two women. Believe me, two men are worse: The lone woman, in this case a writer named Tekla, is literally outmanned. When Adolph, her second husband — having fallen under the influence of Gustav, his new friend — prosecutes Tekla for the theft of his happiness, Strindberg barely allows a defense. That 'Creditors' is nevertheless wretchedly compelling has previously been sufficient to keep it onstage. Perhaps in a post-#MeToo age no longer. At any rate, the production that opened Sunday at the Minetta Lane Theater — starring Liev Schreiber as Gustav, Maggie Siff as Tekla and Justice Smith as Adolph, now called Adi — sets out to shift the play's balance of power and mostly succeeds. In Jen Silverman's thoroughgoing adaptation, Tekla is given full voice, and the men are finally held to account. The new version, set in a vague present, opens like the original in the parlor of an out-of-season seaside hotel. There, Adi, a young painter, and Gustav, a teacher of 'dead languages,' are discovered in the depths of a whiskey-enhanced discussion of women and art. At first idly, then with what appears to be solicitude, and finally with the glee of a cat cornering a mouse before killing it, Gustav pokes into Adi's professional failures, connecting them to Tekla's galling success. Having dumped her first husband after humiliating him in a popular roman à clef, what's to stop her from doing the same to her second? The author of dramedies that foreground women — among them 'The Roommate,' 'The Moors' and 'Collective Rage: A Play in 5 Betties' — Silverman is not about to let that wife-as-witch framing stand. Still, Strindberg's three-part structure, with its bear-trap teeth, is too ingenious to mess with. In the second part, Adi, empowered or perhaps just empoisoned by Gustav, confronts Tekla with his newfound and possibly bogus insights into what he had thought was a happy marriage. Because Smith is so sincere and appealing, his vulnerability reading as openness instead of petulance, we are at first willing to allow his line of thought. But this is where the adaptation begins a slow turn. As written, and as played quite winningly by Siff, Silverman's Tekla is neither a kitten nor a harridan. She is confident and positive and, quite obviously, in love with her husband, at least as she has known him until now. Still, alert to his newfound possessiveness and jealousy, which eventually expresses itself in an act of violence, she draws a line in the sand of their marriage. The act of violence, so viscerally damning, is not in the Strindberg. But the fragility of traditional marriage certainly is, and Silverman underlines it. Every feeling and its opposite are readily available to either partner, so that even a slight disruption of their equilibrium can result in wild swings toward loathing. Adi sputters; Tekla snarls. What he once loved in her, and vice versa, quickly becomes what neither can abide. Still, in this version, Tekla remains the more sensible spouse, far abler in dealing with disputes. Her strength is further tested when she is forced, in the third part, into a final face-off with Gustav, the expert underminer. In the Strindberg, Gustav is coolly victorious; he destroys Tekla emotionally and her husband physically. That's almost the reverse of what happens now, both in plot and tone. Not cool at all, Schreiber's fascinatingly peculiar Gustav is incandescent with wrath, but also deeply depressed. How Silverman uses this to argue for the antithesis of Strindbergian revenge makes for a weird if wonderfully surprising kicker. Some will complain that this 'Creditors' is therefore not Strindberg at all, that Silverman's alterations run directly counter to his intentions. Both statements are true, but I'm not sure why they have to be criticisms. Yes, something of the brisk inevitability of the original is lost in the revision's strengthening of Tekla and softening of the others, and yes, the dialogue leans occasionally into feminist sloganeering. There is even a nod toward a form of marriage that the original, even if it imagined it, could not have dramatized. But the play is, as Silverman pointedly puts it on the title page of the script, 'after Strindberg' — more than 135 years after. If it detracts from 'Creditors' or its bleak realism about men and women, no harm done; the original still exists. And if it instead enhances 'Creditors' for contemporary audiences and refutes a false idea about men and women, it may do some good. Certainly Ian Rickson's direction does. His 'Creditors' staging is as trenchant, smooth and unburdened by overproduction as is his concurrent staging of 'Sexual Misconduct of the Middle Classes' with Hugh Jackman and Ella Beatty. (The two shows alternate at the Minetta Lane through June 18.) The same design team — sets by Brett J. Banakis and Christine Jones, costumes by Ásta Bennie Hostetter, lighting by Isabella Byrd, sound by Mikaal Sulaiman — achieves a similar less-is-more effect, supporting the story without becoming the story. The understated visuals do for the eyes what the sonic hush (there are no microphones) does for the ears, forcing the audience to concentrate on the words and to find the spectacle within them. The specific merits of 'Creditors,' numerous though they are, are similarly in service to something larger. Like 'Sexual Misconduct,' it is part of an experiment called Audible x Together, which aims to reinvigorate the Off Broadway ideal of engaging theater with excellent actors for diverse audiences at reasonable prices. Though half of the 400 seats for any single performance are sold at market rates — and it must be said that the market is not, in fact, very reasonable — a quarter are given free to community groups through the Theater Development Fund and a quarter cost $35 if you can find them. Quibble with the model; pick at the play. But in imagining a way forward instead of whimpering in despair, Audible x Together is doing something akin to what Silverman does with 'Creditors.' You might say they both look for the value in the past but don't get stuck in it. They play it forward.
