Latest news with #TermLoan
Yahoo
5 days ago
- Business
- Yahoo
NIQ Announces Refinancing Transaction
CHICAGO, August 13, 2025--(BUSINESS WIRE)--NIQ Global Intelligence plc (NYSE: NIQ) (the "Company", or "NIQ"), a leading global consumer intelligence company, today announced the successful refinancing of its Dollar Term Loan facility ("USD TL") and its Euro Term Loan facility ("Euro TL", and together with USD TL, "Term Loan Facilities") and the successful repricing of its revolving credit facility ("RCF"). The transaction, which closed on August 12, 2025, took advantage of a favorable market window to, among other things, extend the maturities and reduce the interest rate spread on the Term Loan Facilities and reduce the interest rate spread on the RCF. The transaction: Repriced and extended $2,264 million USD TL Extended maturity by approximately 2.5 years from March 2028 to October 2030 Reduced spread by 0.75% from SOFR+3.25% to SOFR+2.50% Included a 0.25% spread stepdown upon achieving 3.25x or lower first lien net leverage ratio based on Credit Agreement Adjusted EBITDA Repriced and extended €1,135 million EUR TL Utilized a portion of IPO proceeds to pay down €255 million of the existing EUR TL from €1,390 million to €1,135 million Extended maturity by approximately 2.5 years from March 2028 to October 2030 Reduced spread by 0.25% from EURIBOR+3.25% to EURIBOR+3.00% Included a 0.25% spread stepdown upon achieving 3.25x or lower first lien net leverage based on Credit Agreement Adjusted EBITDA Repriced $750 million RCF Reduced spread by 0.50% from SOFR+2.75% to SOFR+2.25% Included two 0.25% spread stepdowns upon achieving 3.25x and 2.75x or lower, respectively, first lien net leverage based on Credit Agreement Adjusted EBITDA Additionally, NIQ paid down in full the Canadian Term Loan Facility in the amount of CAD$123 million and paid down €255 million of the prior EUR TL from €1,390 million to €1,135 million, using a portion of IPO proceeds Prior to the transaction, NIQ utilized a portion of IPO proceeds to fully repay all outstanding principal amounts of its revolving credit facility on July 24, 2025 in the amount of $563 million. "Following the recently completed initial public offering, NIQ proactively chose to optimize the capital structure by extending maturity on the Term Loan Facilities by approximately 2.5 years to October 2030. Through our IPO and successful refinancing, we have reduced interest expense by nearly $100 million per year. We also have built-in interest spread step-downs in our Credit Agreement that could deliver another roughly $10 million of annual interest savings as our net leverage ratio decreases," said Mike Burwell, Chief Financial Officer of NIQ. "Our continued improvement in credit profile is acknowledged by the rating agencies with Moody's and Fitch providing us with a one notch upgrade to B1 and BB-, respectively, and S&P revising our outlook to positive from stable." Additional details on the terms of the amendment will be made available in the Form 10-Q to be filed with the Securities and Exchange Commission on August 14, 2025. About NIQ NIQ is a leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. Our global reach spans over 90 countries covering approximately 85% of the world's population and more than $7.2 trillion in global consumer spend. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. For more information, please visit Forward-looking Statements This press release contains forward-looking statements. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including the expected benefits of the refinancing transaction and other statements contained in this press release that are not historical facts. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, risks and uncertainties related to market conditions and the risks identified under the heading "Risk Factors" in our final prospectus dated July 22, 2025, and filed with the Securities and Exchange Commission on July 24, 2025, as well as the other information we file with the SEC. We caution investors not to place undue reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. NIQ-IR View source version on Contacts Investors: Media: Sign in to access your portfolio
Yahoo
04-08-2025
- Business
- Yahoo
HighPeak Energy, Inc. Announces Amendments to its Term Loan Credit Agreement and Senior Credit Facility Agreement
FORT WORTH, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ('HighPeak' or the 'Company') (NASDAQ: HPK) today announced amendments to its Term Loan Credit Agreement and Senior Credit Facility Agreement, both effective August 1, 2025. Material Amendments to the Term Loan Credit Agreement and Senior Credit Facility Agreement Extended the maturity dates for the Term Loan Credit Agreement and the Senior Credit Facility Agreement by two years to September 30, 2028. Upsized the borrowings under the Company's Term Loan Credit Agreement to $1.2 billion, providing additional liquidity to the Company. Amended certain covenants including deferring mandatory amortization payments of $30.0 million per quarter until September 30, 2026. The Term Loan Credit Agreement call protection provision remains unchanged, expiring in September 2025, providing the Company with significant flexibility to pay down the Term Loan at par, in whole or in part, at any time. The Company's total cost associated with amending and extending the Term Loan Credit Agreement and the Senior Credit Facility Agreement was appreciably less than other potential financing options. Hedging Update In conjunction with the aforementioned amendments, the Company entered into additional crude oil derivative contracts through March 31, 2027. Including the additional crude oil derivative contracts referenced above, HighPeak has the following outstanding crude oil derivative instruments and the weighted average crude oil prices and premiums payable per barrel ('Bbl'): Swaps Collars, Enhanced Collars & Deferred Premium Puts SettlementMonth Settlement Year Type ofContract Bbls Per Day Index Price per Bbl Floor or Strike Price per Bbl Ceiling Price per Bbl Deferred Premium Payableper Bbl Crude Oil: Jul – Sep 2025 Swap 3,000 WTI Cushing $ 75.85 $ — $ — $ — Jul – Sep 2025 Collar 7,000 WTI Cushing $ — $ 65.00 $ 90.08 $ 2.28 Jul – Sep 2025 Put 9,000 WTI Cushing $ — $ 65.78 $ — $ 5.00 Oct – Dec 2025 Swap 1,800 WTI Cushing $ 63.77 $ — $ — $ — Oct – Dec 2025 Collar 15,850 WTI Cushing $ — $ 60.53 $ 69.65 $ — Jan – Mar 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jan – Mar 2026 Collar 14,350 WTI Cushing $ — $ 60.58 $ 69.92 $ — Apr – Jun 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Apr – Jun 2026 Collar 12,350 WTI Cushing $ — $ 59.87 $ 66.82 $ — Jul – Sep 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jul – Sep 2026 Collar 12,000 WTI Cushing $ — $ 59.83 $ 66.84 $ — Oct – Dec 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Oct – Dec 2026 Collar 9,800 WTI Cushing $ — $ 59.80 $ 65.31 $ — Jan – Mar 2027 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jan – Mar 2027 Collar 8,900 WTI Cushing $ — $ 59.78 $ 65.24 $ — The Company's crude oil derivative contracts are based on reported settlement prices on the New York Mercantile Exchange for West Texas Intermediate ('WTI Cushing') pricing. The Company has the following outstanding natural gas derivative instruments and the weighted average natural gas prices payable per MMBtu: Settlement Month Settlement Year Type ofContract MMBtu Per Day Index Price per MMBtu Natural Gas: Jul – Sep 2025 Swap 30,000 HH $ 4.43 Oct – Dec 2025 Swap 30,000 HH $ 4.43 Jan – Mar 2026 Swap 30,000 HH $ 4.39 Apr – Jun 2026 Swap 30,000 HH $ 4.30 Jul – Sep 2026 Swap 30,000 HH $ 4.30 Oct – Dec 2026 Swap 30,000 HH $ 4.30 Jan – Mar 2027 Swap 19,667 HH $ 4.30 The Company's natural gas derivative contracts are based on reported settlement prices on the New York Mercantile Exchange for Henry Hub ('HH') pricing. TCBI Securities, Inc., doing business as Texas Capital Securities, served as financial advisor to HighPeak and arranger of the amended and extended Term Loan Credit Agreement. About HighPeak Energy, Inc. HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at Investor Contact: Ryan HightowerVice President, Business Development817.850.9204 rhightower@ Source: HighPeak Energy, 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
Globe and Mail
04-08-2025
- Business
- Globe and Mail
HighPeak Energy, Inc. Announces Amendments to its Term Loan Credit Agreement and Senior Credit Facility Agreement
FORT WORTH, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. ('HighPeak' or the 'Company') (NASDAQ: HPK) today announced amendments to its Term Loan Credit Agreement and Senior Credit Facility Agreement, both effective August 1, 2025. Material Amendments to the Term Loan Credit Agreement and Senior Credit Facility Agreement Extended the maturity dates for the Term Loan Credit Agreement and the Senior Credit Facility Agreement by two years to September 30, 2028. Upsized the borrowings under the Company's Term Loan Credit Agreement to $1.2 billion, providing additional liquidity to the Company. Amended certain covenants including deferring mandatory amortization payments of $30.0 million per quarter until September 30, 2026. The Term Loan Credit Agreement call protection provision remains unchanged, expiring in September 2025, providing the Company with significant flexibility to pay down the Term Loan at par, in whole or in part, at any time. The Company's total cost associated with amending and extending the Term Loan Credit Agreement and the Senior Credit Facility Agreement was appreciably less than other potential financing options. Hedging Update In conjunction with the aforementioned amendments, the Company entered into additional crude oil derivative contracts through March 31, 2027. Crude oil. Including the additional crude oil derivative contracts referenced above, HighPeak has the following outstanding crude oil derivative instruments and the weighted average crude oil prices and premiums payable per barrel ('Bbl'): Swaps Collars, Enhanced Collars & Deferred Premium Puts Settlement Month Settlement Year Type of Contract Bbls Per Day Index Price per Bbl Floor or Strike Price per Bbl Ceiling Price per Bbl Deferred Premium Payable per Bbl Crude Oil: Jul – Sep 2025 Swap 3,000 WTI Cushing $ 75.85 $ — $ — $ — Jul – Sep 2025 Collar 7,000 WTI Cushing $ — $ 65.00 $ 90.08 $ 2.28 Jul – Sep 2025 Put 9,000 WTI Cushing $ — $ 65.78 $ — $ 5.00 Oct – Dec 2025 Swap 1,800 WTI Cushing $ 63.77 $ — $ — $ — Oct – Dec 2025 Collar 15,850 WTI Cushing $ — $ 60.53 $ 69.65 $ — Jan – Mar 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jan – Mar 2026 Collar 14,350 WTI Cushing $ — $ 60.58 $ 69.92 $ — Apr – Jun 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Apr – Jun 2026 Collar 12,350 WTI Cushing $ — $ 59.87 $ 66.82 $ — Jul – Sep 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jul – Sep 2026 Collar 12,000 WTI Cushing $ — $ 59.83 $ 66.84 $ — Oct – Dec 2026 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Oct – Dec 2026 Collar 9,800 WTI Cushing $ — $ 59.80 $ 65.31 $ — Jan – Mar 2027 Swap 1,000 WTI Cushing $ 63.25 $ — $ — $ — Jan – Mar 2027 Collar 8,900 WTI Cushing $ — $ 59.78 $ 65.24 $ — The Company's crude oil derivative contracts are based on reported settlement prices on the New York Mercantile Exchange for West Texas Intermediate ('WTI Cushing') pricing. Natural gas. The Company has the following outstanding natural gas derivative instruments and the weighted average natural gas prices payable per MMBtu: Settlement Month Settlement Year Type of Contract MMBtu Per Day Index Price per MMBtu Natural Gas: Jul – Sep 2025 Swap 30,000 HH $ 4.43 Oct – Dec 2025 Swap 30,000 HH $ 4.43 Jan – Mar 2026 Swap 30,000 HH $ 4.39 Apr – Jun 2026 Swap 30,000 HH $ 4.30 Jul – Sep 2026 Swap 30,000 HH $ 4.30 Oct – Dec 2026 Swap 30,000 HH $ 4.30 Jan – Mar 2027 Swap 19,667 HH $ 4.30 The Company's natural gas derivative contracts are based on reported settlement prices on the New York Mercantile Exchange for Henry Hub ('HH') pricing. TCBI Securities, Inc., doing business as Texas Capital Securities, served as financial advisor to HighPeak and arranger of the amended and extended Term Loan Credit Agreement. About HighPeak Energy, Inc. HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at Investor Contact:
Yahoo
02-07-2025
- Business
- Yahoo
AMC Entertainment Holdings, Inc. Announces Receipt of the Requisite Term Loan Lender Consents Needed to Move Forward with AMC's Comprehensive Balance Sheet Strengthening Transactions
Term Loan Lenders representing more than 80% of AMC's term loans outstanding under its Credit Agreement already have consented to allow for the beneficial transactions announced on July 1, 2025 to proceed Additional Term Loan Lenders who also wish to provide their consent still can do so through 5:00 pm EDT today LEAWOOD, Kan., July 02, 2025--(BUSINESS WIRE)--AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or the "Company"), today announced that Lenders representing more than 80% of its Term Loans due 2029 have joined as a party to the Transaction Support Agreement previously announced, thereby satisfying a material condition to move forward with all of the balance sheet enhancing transactions previously announced on July 1, 2025. Additional Term Loan Lenders who also wish to provide their consent still can do so through 5:00 pm EDT today Highlights of the agreement previously announced include: Approximately $223.3 million of new money financing that will primarily be used to refinance debt maturing in 2026; The immediate conversion of at least $143.0 million of 6.00%/8.00% Senior Secured Exchangeable Notes due 2030, with the potential to equitize up to a total of $337 million of such notes over time; A full resolution of litigation with certain holders of AMC's 7.5% Senior Secured Notes due 2029. For more information, please refer to the Form 8-K filed by AMC yesterday with the U.S. Securities and Exchange Commission and available on our website at Adam Aron, Chairman and CEO of AMC, commented, "We are very pleased to have received the necessary transaction consents from such a large number of our Term Loan lenders, and especially to have received them so swiftly. Their resounding support enables AMC to move forward with transformative transactions that will strengthen our balance sheet, and better position AMC to deliver sustained long-term shareholder value." Aron concluded, "We also are grateful to all of our lenders for their constructive engagement and for their recognizing the strategic importance of these transactions to AMC's recovery. Our lenders' vote of confidence is both meaningful and energizing, as we ride the powerful momentum of a resurgent domestic box office for the remainder of 2025 and into what we believe will be an even more robust 2026. With reduced debt, fresh capital for 2026 maturities, and litigation fully resolved, AMC is operating from a position of renewed strength and optimism." About AMC Entertainment Holdings, Inc. AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 870 theatres and 9,700 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit Website Information This press release, along with other news about AMC, is available at We routinely post information that may be important to investors in the Investor Relations section of our website, We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD, and we encourage investors to consult that section of our website regularly for important information about AMC. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document. Investors interested in automatically receiving news and information when posted to our website can also visit to sign up for email alerts. Forward-Looking Statements This communication includes "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "may," "will," "forecast," "estimate," "project," "intend," "plan," "expect," "should," "believe" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based only on the Company's current beliefs, expectations and assumptions regarding the future of the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions and speak only as of the date on which they are made. Examples of forward-looking statements include statements the Company makes regarding the terms of the transactions, which are highly uncertain; the Company's ability to complete the transactions on the terms contemplated or at all; the Company's ability to otherwise refinance, extend, restructure or repay outstanding debt; its current and projected liquidity needs to operate its business and execute its strategy, and related use of cash; its ability to raise capital through equity issuances, asset sales or the incurrence of debt; the Company's expectations regarding its ability to continue as a going concern; retail and credit market conditions; higher cost of capital and borrowing costs; impairments; changes in general economic conditions; the impact of foreign exchange rates on the Company's financial performance; and the Company's inability to implement its business plan or meet or exceed its financial projections. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, and are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks, trends, uncertainties and other facts which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. For a detailed discussion of risks, trends and uncertainties facing the Company, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and Form 10-Q for the quarter ended March 31, 2025, each as filed with the SEC, and the risks, trends and uncertainties identified in the Company's other public filings. The Company does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law. Category: Company Release View source version on Contacts INVESTOR RELATIONS:John Merriwether, 866-248-3872InvestorRelations@ MEDIA CONTACTS:Ryan Noonan, (913) 213-2183rnoonan@ 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
Yahoo
12-06-2025
- Business
- Yahoo
RadNet Secures $100 Million Incremental Term Loan to Fund Acquisitions and Corporate Initiatives
LOS ANGELES, June 11, 2025 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT) ('RadNet'), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced that it has entered into Incremental Amendment No. 2 (the 'Second Amendment') to its Third Amended and Restated First Lien Credit and Guaranty Agreement, as amended (the 'Existing Credit Agreement' and, as amended by the Second Amendment, the 'Credit Agreement'). Pursuant to the Second Amendment, Barclays Bank PLC, as lender, committed to provide RadNet an incremental term loan in the aggregate principal amount of $100.0 million (the '2025 Incremental Term Loan'), which will be added to and form a part of the existing term loan under the Existing Credit Agreement (the 'Existing Term Loan,' together with the 2025 Incremental Term Loan, the 'Term Loan'). The 2025 Incremental Term Loan will mature on April 18, 2031—coincident with the maturity date of the $868.4 million balance of the Existing Term Loan under the Existing Credit Agreement. Quarterly payments of principal on the Term Loan will be approximately $2.4 million compared to approximately $2.2 million prior to the entry of the Second Amendment. All other terms and covenants of the Credit Agreement (as amended by the Second Amendment) remain unchanged. The proceeds of the 2025 Incremental Term Loan will be used to finance future acquisitions and for other general corporate purposes, providing RadNet with additional flexibility to pursue strategic growth opportunities across its national imaging center network and technology platforms. Mark Stolper, Executive Vice President and Chief Financial Officer of RadNet, commented, 'We appreciate the continued support of Barclays and our relationship banks and term-loan lenders. This incremental financing increases our capacity to execute on a pipeline of acquisition opportunities while maintaining our conservative capital structure. The proceeds of approximately $100 million adds to the $717 million cash balance as of March 31, 2025, positioning us to advance our growth strategy and create long-term value for our stockholders.'RadNet, Inc. is a leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 401 owned and/or operated outpatient imaging centers. RadNet's imaging center markets include Arizona, California, Delaware, Florida, Maryland, New Jersey, New York and Texas. In addition, RadNet provides radiology information technology and artificial intelligence solutions marketed under the DeepHealth brand, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with contracted radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has a total of over 11,000 employees. For more information, visit
