Latest news with #SeriesJ
Time of India
2 days ago
- Business
- Time of India
NFL players double down on SpaceX amid the ongoing Donald Trump and Elon Musk dramatic feud
Atlanta Falcons safety Jessie Bates made a lucrative early investment in SpaceX (Getty Images) Atlanta Falcons Pro Bowl safety Jessie Bates is known for his playmaking ability on the field, but off the gridiron, he's making headlines for a different kind of game-changer—his bold investment in Elon Musk 's aerospace giant, SpaceX . Bates, who first backed the company in 2019, is now seeing the kind of growth most investors only dream of. But as Musk's political ties stir heated debate, Bates—and other NFL investors—are navigating not just rocket launches, but reputational turbulence. A touchdown investment: how Jessie Bates bet early on SpaceX Bates made his initial six-figure investment through Rise Sports Advisors, a firm that helps pro athletes tap into high-growth startups. He doubled down three years later through Summit Peak Ventures, joining former Bengals lineman D'Ante Smith in SpaceX's Series J round, when the company was valued at $127 billion. Now valued at over $350 billion, SpaceX has become one of the world's most lucrative private firms. 'I didn't know what to expect from it,' Smith said. 'I didn't think it would fail but I didn't know what to expect.' For Bates, the decision was about long-term vision. 'It would be crazy if we didn't think that [one day] people will be going to space normally,' he said. 'You would be crazy not to educate yourself in that space and maybe participate in some investments.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The Musk factor: business genius or political liability? While Bates respects Musk's acumen, he stops short of backing him politically. 'You can't ignore how business-savvy these guys are and the leadership that they have in this space,' he explained, acknowledging SpaceX's 'polarizing reputation.' That reputation has only intensified. Musk's past close relationship with Donald Trump drawn criticism amid sweeping federal job cuts and regulatory rollbacks. Still, Rise Sports' VP of Finance Jay Bass said Musk's government connections 'help more than it hurts' from an economic lens. Until SpaceX goes public or sells, Bates and his fellow athlete-investors are holding tight. 'This is one of the pretty big investments that I've made,' he said. 'To see that it can be a 10x type of deal, that's exciting.' Also Read: Donald Trump and Elon Musk feud turns ugly as NFL stars like Robert Griffin III and Ryan Clark become unlikely pawns But with growing media scrutiny and protest movements targeting Musk's companies, the question remains: will SpaceX's value soar high enough to eclipse the controversy—or will politics bring it back down to Earth?
Cision Canada
22-05-2025
- Business
- Cision Canada
CT REIT Announces Offering of $200M 4.292% Series J Senior Unsecured Debentures due June 9, 2030
TORONTO, May 21, 2025 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the " Debenture Offering"), $200 million aggregate principal amount of series J senior unsecured debentures with a 5-year term and a coupon of 4.292% per annum (the " Series J Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness. The Debenture Offering will be on an agency basis led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets. Subject to customary closing conditions, the Debenture Offering is expected to close on or about June 9, 2025. It is expected that the Series J Debentures will be rated "BBB" with a stable trend by Morningstar DBRS. The Series J Debentures will be direct senior unsecured obligations of CT REIT. The Series J Debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series J Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totalling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward–Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to the credit rating expected to be given to the Series J Debentures, the use of proceeds of the Debenture Offering and the date the Debenture Offering is expected to close. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to section 5 "Risk Factors" of CT REIT's Annual Information Form for fiscal 2024, and to sections 12.0 "Enterprise Risk Management" and 14.0 "Forward-looking Information" of CT REIT's MD&A for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws.
Yahoo
22-05-2025
- Business
- Yahoo
CT REIT Announces Offering of $200M 4.292% Series J Senior Unsecured Debentures due June 9, 2030
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, May 21, 2025 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the "Debenture Offering"), $200 million aggregate principal amount of series J senior unsecured debentures with a 5-year term and a coupon of 4.292% per annum (the "Series J Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness. The Debenture Offering will be on an agency basis led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets. Subject to customary closing conditions, the Debenture Offering is expected to close on or about June 9, 2025. It is expected that the Series J Debentures will be rated "BBB" with a stable trend by Morningstar DBRS. The Series J Debentures will be direct senior unsecured obligations of CT REIT. The Series J Debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series J Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totalling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward–Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to the credit rating expected to be given to the Series J Debentures, the use of proceeds of the Debenture Offering and the date the Debenture Offering is expected to close. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to section 5 "Risk Factors" of CT REIT's Annual Information Form for fiscal 2024, and to sections 12.0 "Enterprise Risk Management" and 14.0 "Forward-looking Information" of CT REIT's MD&A for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. SOURCE CT Real Estate Investment Trust (CT REIT) View original content:
Yahoo
22-05-2025
- Business
- Yahoo
CT REIT Announces Offering of $200M 4.292% Series J Senior Unsecured Debentures due June 9, 2030
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, May 21, 2025 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: announced today that it has agreed to issue, on a private placement basis in each of the provinces of Canada (the "Debenture Offering"), $200 million aggregate principal amount of series J senior unsecured debentures with a 5-year term and a coupon of 4.292% per annum (the "Series J Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness. The Debenture Offering will be on an agency basis led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets. Subject to customary closing conditions, the Debenture Offering is expected to close on or about June 9, 2025. It is expected that the Series J Debentures will be rated "BBB" with a stable trend by Morningstar DBRS. The Series J Debentures will be direct senior unsecured obligations of CT REIT. The Series J Debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series J Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totalling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward–Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to the credit rating expected to be given to the Series J Debentures, the use of proceeds of the Debenture Offering and the date the Debenture Offering is expected to close. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to section 5 "Risk Factors" of CT REIT's Annual Information Form for fiscal 2024, and to sections 12.0 "Enterprise Risk Management" and 14.0 "Forward-looking Information" of CT REIT's MD&A for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. SOURCE CT Real Estate Investment Trust (CT REIT) View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
