Latest news with #Whitebox
Irish Examiner
16-05-2025
- Business
- Irish Examiner
Limerick mayor signs off on development of council-owned land to 'revitalise' Moyross
Limerick mayor John Moran has signed off on plans to build 73 residential units and 42 apartments and develop a medical facility on land owned by the council. Cluid Housing and Whitebox have been given approval to use the land in a joint venture after they emerged as the successful bidders to develop the site, which will be known as 'Greenhills'. In 2023, elected members granted a Section 183, which led to a planning application for the mixed-use development on the site being granted in 2024. The development will include: 73 residential units; 42 two-bed apartments; A drive-through pharmacy; A coffee shop; A convenience store; And a day centre. Additionally, a nursing home with 90 beds and a new ambulatory medical facility will be developed. According to the mayor's office, a contractor has been identified and work is expected to begin shortly. This comes as the mayoral programme set for 2024 to 2029 includes revitalising the Moyross area — and activating public lands for housing 'more quickly'. An image of what the project could look like. Picture: Mayoral office The project will also provide a "significant jobs boost" to the northside of the city, creating employment in the area and provide upgraded medical facilities, and improved infrastructure. It will be a 'boost to affordable housing options'. Mr Moran said: 'This project is yet another of the plans in the More for Limerick programme for Moyross kicking into action, with other key ones to follow soon. I want to thank colleagues in our housing and regeneration teams, along with elected members in both the current and previous council term, for their work in getting this project shovel-ready. 'This is the moment for Moyross to begin to shape another new narrative — one of resilience, creativity and shared future — building on the progress in recent years. Onwards and upwards — more for Moyross.' Director general of the council Pat Daly, added: 'This is a game-changer for Moyross. With planning permission secured, the official disposal of this land lays the foundation for a more vibrant, healthy and sustainable community. We're looking forward to seeing the delivery of a project that aligns so closely with our vision for a thriving, equitable Limerick.' Read More Iconic music shop HMV to reopen in Limerick for first time since 2010s
Yahoo
08-05-2025
- Business
- Yahoo
GOL Reaches Settlement with Certain Holders of 2024 Senior Exchangeable Notes Claims
SíO PAULO, May 8, 2025 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) ("Company" or "GOL"), one of the leading airlines in Brazil, today announced that the Company has reached an agreement with Whitebox Advisors LLC ("Whitebox") on behalf of its managed funds and accounts that hold 3.75% Exchangeable Senior Notes due 2024 issued by Gol Equity Finance (the "2024 Senior Exchangeable Notes") which consensually resolves a dispute with respect to the consideration to be provided to all holders of 2024 Senior Exchangeable Notes with claims against Gol Equity Finance under the Company's Chapter 11 plan of reorganization (the "Plan"). The Company is pleased to have reached this agreement with Whitebox, as it secures the support of its final key economic stakeholder and provides the Company with a clear path to a fully consensual Plan confirmation hearing. Under the terms of the deal with Whitebox, on behalf of holders that in the aggregate hold an amount of 2024 Senior Exchangeable Notes necessary for Class 10(e) (GEF General Unsecured Claims) to approve the Plan, Whitebox has agreed to sign the Plan Support Agreement previously entered into between the Company, Abra Group Limited, and the Official Committee of Unsecured Creditors, and joined by certain members of the ad hoc group of holders of 8.00% Senior Secured Notes due 2026 issued by Gol Finance (Luxembourg), pursuant to which Whitebox will agree to support the Plan on modified terms. The Plan will be amended to provide for, among other things, modifications to the debtor-by-debtor allocations of the general unsecured claimholder distributions, the details of which will be reflected in the revised Plan to be filed with the U.S. Bankruptcy Court. The Company expects to emerge from its ongoing Chapter 11 cases in June 2025. Finally, GOL reiterates that, under the terms of the Plan, it will significantly reduce its indebtedness by converting into equity or extinguishing up to approximately US$1.7 billion of its pre-Chapter 11 funded debt and up to approximately US$850 million of other obligations. As such, considering that the conversion will be carried out based on the economic value of GOL's shares prior to the conversion, in accordance with applicable law, a substantial dilution of GOL's currently outstanding shares is expected (subject to shareholders' preemptive rights as provided under Brazilian law). Special note regarding forward-looking statements This material fact contains certain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. The words "will," "maintain", "plans" and "intends" and similar expressions, as they relate to GOL, are intended to identify forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. Undue reliance should not be placed on such statements. Forward-looking statements speak only for the date they are made. About GOL Linhas Aéreas Inteligentes S.A GOL is one of Brazil's leading airlines and is part of the Abra Group. Since it was founded in 2001, the company has had the lowest unit cost in Latin America, democratizing air transport with the aim of "Being the First for All". GOL has alliances with American Airlines and Air France-KLM and offers customers more than 60 codeshare and interline agreements, making connections to any place served by these partnerships more convenient and easier. GOL also has the Smiles loyalty program and GOLLOG for cargo transportation, which serves various regions in Brazil and abroad. The company has 13,900 highly qualified professionals focused on safety, GOL's number one value, and operates a standardized fleet of 138 Boeing 737 aircraft. The Company's shares are traded on B3 (GOLL4). For further information, visit Investor Relationsir@ View original content to download multimedia: SOURCE GOL Linhas Aéreas Inteligentes S.A.
Associated Press
13-03-2025
- Business
- Associated Press
Edgecore Americas Networking Corporation Awarded GSA Schedule, Streamlining Federal Government Access to its Open Infrastructure Solutions
Edgecore Americas Networking Corporation, a leading provider of open networking and compute solutions, today announced it has been awarded the U.S. Federal Government GSA Schedule contract: (Number 47QTCA25D005Z). This prestigious award enables federal agencies to easily procure Edgecore's open infrastructure solutions using streamlined and pre-negotiated terms and conditions. The GSA Schedule, also known as a Multiple Award Schedule (MAS), is a long-term government-wide contract with firms like Edgecore that provides governmental agencies with simplified access to millions of products and services at fair and reasonable prices. By securing this schedule, Edgecore Americas Networking Corporation has demonstrated its commitment to meeting the rigorous standards of the federal government and its ability to provide high-quality and cost-effective open infrastructure solutions. 'We are thrilled to have been awarded the GSA Schedule,' said Mingshou Liu, President at Edgecore. 'This achievement signifies our dedication to serving the public sector and simplifies the procurement process for federal agencies seeking our innovative open infrastructure solutions in their campus, data center and AI projects. We look forward to partnering with government organizations to deliver impactful open infrastructure solutions that cost-effectively addresses their critical I.T. needs.' The GSA Schedule award allows federal agencies to: Access pre-negotiated pricing and terms: Ensuring best value and efficiency when looking to build out modern data center and AI Inferencing projects. Streamline the procurement process: Reducing administrative burden and reducing delays to better support required project timelines. Leverage a trusted and reliable vendor: Edgecore has undergone a thorough review and approval process which makes procurement easy. Obtain a wide range of open infrastructure solutions: Tailored to meet specific agency requirements. 'Edgecore has become the standard-bearer for Whitebox solutions and is well respected for its leadership solutions across the industry. This award not only demonstrates Edgecore's commitment to serving the public sector, but also significantly enhances our ability to deliver leadership solutions and drive I.T. success within the government,' said Scott Robohn, Consulting CTO at Carahsoft. 'With every facet of governmental spending being scrutinized at the exact moment in time that AI enabled applications are being adopted, having Edgecore on the GSA Schedule enables governmental agencies to address both.' Edgecore's GSA Schedule covers an extensive portfolio of I.T. related networking and computing equipment along with their associated support services. This comprehensive offering allows government agencies to easily find and acquire the I.T. solutions they need to achieve their next generation of I.T. capabilities while reducing overhead and streamlining new AI-related I.T. buildouts. The GSA Schedule facilitates the procurement process for our government clients, allowing them to access Edgecore's leadership open infrastructure solutions quickly and efficiently. With this GSA Schedule award, Edgecore has established itself as a trusted partner for federal agencies seeking innovative and cost-effective data center and AI Inferencing solutions. Edgecore Americas Networking Corporation is a wholly owned subsidiary of Accton Technology Corporation, the leading network ODM and supplier to large Enterprises and Service providers. Edgecore Networks delivers wired and wireless networking products and solutions through channel partners and system integrators worldwide for AI/ML, Cloud Data Center, Service Provider, Enterprise and SMB customers. Edgecore Networks is the leader in open networking providing a full line of open WiFi access points, packet transponders, virtual PON OLTs, cell site gateways, aggregation routers and 1G, 10G, 25G, 40G, 100G, 400G and 800G data center switches that offer choice of commercial and open-source NOS and SDN software. Lucille Lu SOURCE: Edgecore Americas Networking Corporation Copyright Business Wire 2025. PUB: 03/13/2025 11:00 AM/DISC: 03/13/2025 11:00 AM
