Latest news with #capitalstructure
Yahoo
01-08-2025
- Business
- Yahoo
Citigroup Inc. (C) Raises $3.6B in Capital, Redeems €1.75B Debt to Boost Efficiency
We recently compiled a list of the Citigroup Inc. stands fifth on our list. Citigroup Inc. (NYSE:C), a global financial services leader operating in over 180 countries, has recently focused on strengthening its capital structure and expanding operations. In July 2025, the company raised $2.7 billion through a preferred share offering and €900 million via callable subordinated notes due 2036. It also redeemed €1.75 billion of existing debt due in 2026, reflecting strategic liability management and efforts to enhance funding efficiency. Citigroup Inc. (NYSE:C) is often regarded the best major stocks due to its strong financial position and growth prospects. Operationally, the business announced an expansion in Charlotte, North Carolina, with 510 new jobs, reinforcing its presence in key U.S. markets. This domestic growth complements its broader financial momentum. In Q2 2025, the business reported $21.67 billion in revenue, an 8.2% year-over-year increase, and earnings per share of $1.96, surpassing analyst expectations by nearly 22%. Strong performance in banking (up 18%) and wealth management (up 20%) contributed to this growth, particularly in U.S. consumer banking segments like branded credit cards and retail deposits. A data analyst in front of a computer monitor, analyzing a series of financial trends. Further signaling confidence in its financial health, Citigroup Inc. (NYSE:C) increased its quarterly dividend by 7% to $0.60 per share, extending a 34-year track record of uninterrupted payouts. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
Globe and Mail
29-07-2025
- Business
- Globe and Mail
CRH plc Advances $300 Million Share Buyback Program
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. CRH plc ( (CRH)) just unveiled an announcement. CRH plc, a leading player in the construction materials industry, announced a significant transaction involving the buyback of its ordinary shares. On July 25, 2025, CRH acquired a total of 48,938 shares across various trading venues in the United States, as part of its $300 million share buyback program announced earlier in May. This move is expected to optimize the company's capital structure and potentially enhance shareholder value by reducing the number of shares in circulation. The cancellation of these shares will result in CRH having 672,560,281 ordinary shares in issue, with an additional 38,314,040 shares held in treasury, representing 5.390% of the issued share capital.
Yahoo
28-07-2025
- Business
- Yahoo
Ardagh Group S.A. Announces Comprehensive Recapitalization Transaction
Supported by Overwhelming Majority of Financial Stakeholders Significantly Lowers Debt, Extends Next Bond Maturity to 2030 and Injects New Capital Glass and Metal Packaging Businesses to Remain within Ardagh Group, Equity Ownership of which will Transfer to Noteholders LUXEMBOURG, July 28, 2025 /PRNewswire/ -- Ardagh Group S.A. ("AGSA" or the "Company", and together with its subsidiaries the "Group") is pleased to announce that it has agreed a comprehensive recapitalization transaction (the "Agreed Recapitalization Transaction") with its largest financial stakeholders, including its controlling shareholder (the "Existing Sponsor") and creditors representing approximately 75% by value of its senior secured notes ("SSNs"), over 90% by value of its senior unsecured notes ("SUNs"), and over 60% by value of the senior secured toggle notes due 2027 issued by ARD Finance S.A. ("PIK Notes"), as collectively held by certain members of an ad hoc group owning a majority of the SUNs ("SUN Group") and certain members of another ad hoc group owning a majority of the SSNs ("SSN Group"). "Ardagh Group is pleased to have achieved this significant milestone in agreeing a comprehensive recapitalization transaction with its key financial stakeholders. The transaction will preserve the Group's ownership of its Glass and Metal packaging businesses and puts in place a sustainable capital structure, with significantly lower leverage and an enhanced maturity profile. Together with the injection of new capital, Ardagh will be well-placed to deliver our business plan in partnership with our future shareholders," said Herman Troskie, Chair of the Ardagh Group. Agreed Recapitalization Transaction Key highlights of the Agreed Recapitalization Transaction include: significant deleveraging of the Group through a debt-for-equity swap of our SUNs and PIK Notes, representing a combined $4.3 billion in obligations as at June 30, 2025, strengthening our balance sheet and reducing our debt burden; provision of $1.5 billion in new capital, with a maturity of December 2030, to refinance existing debt facilities, to fund payment of the purchase price to existing shareholders for the sale of Yeoman Capital S.A. to the new equity holders, and for general corporate purposes, fully backstopped by certain members of the SSN Group and SUN Group; extension of existing Ardagh Glass Packaging bond maturities by over four years to December 2030, providing strong visibility and enhancing our liquidity position; transfer of ownership of the Group to a syndicate of long-term investors in our business, comprising major financial institutions and funds, who have also committed to providing the new capital; and Glass Packaging and Metal Packaging businesses remain under common ownership of Ardagh Group. The Agreed Recapitalization Transaction is expected to complete by September 30, 2025, and will be subject to regulatory approvals and other customary conditions. Upon completion of the Agreed Recapitalization Transaction, assuming full participation, holders of the SUNs will become the majority shareholders of the Group, receiving 92.5% of the equity in the Group, and holders of the PIK Notes will hold 7.5% of the equity in the Group. Holders of the SSNs will exchange into new takeback second lien paper, with a maturity of December 2030 and benefiting from a second lien claim on a security package comprising all encumbered and unencumbered assets. The Company's objective is to implement the Agreed Recapitalization Transaction on a fully consensual basis under the terms of the existing indentures, which requires participation by holders representing at least 90% of each series of its SSNs, SUNs and PIK Notes ("Participation Milestone"). Alternative implementation options, including UK schemes of arrangement, are available to implement the Agreed Recapitalization Transaction if the Participation Milestone is not met by pre-agreed deadlines. Early Bird Fees In each case, subject to achieving the Participation Milestone: holders of SSNs who accede to the TSA by August 11, 2025 (unless otherwise extended) (the "Early Consent Fee Deadline") will exchange into the new takeback second lien paper at par, whilst holders who do not accede to the TSA by August 11, 2025, will exchange at 80 cents; holders of SUNs who accede to the TSA by the Early Consent Fee Deadline will be entitled to receive 30% of the 92.5% equity in the Group as an early bird consent fee, pro rata to their holdings relative to participating holdings at that date. The remaining 70% of the 92.5% equity in the Group will be allocated to SUN holders pro rata to their holdings; and holders of PIK Notes who accede to the TSA by the Early Consent Fee Deadline will be entitled to receive 30% of the 7.5% equity in the Group as an early bird consent fee, pro rata to their holdings relative to participating holdings at that date. The remaining 70% of the 7.5% equity in the Group will be allocated to holders of PIK Notes pro rata to their holdings. The Agreed Recapitalization Transaction has no impact on the public listing or capital structure of Ardagh Metal Packaging S.A. ("AMP", NYSE: AMBP), which will remain a subsidiary of Ardagh Group. Ownership of Ardagh Group, AMP's 76% shareholder, will transfer to holders of the SUNs and PIK Notes on completion of this transaction. The Transaction Support Agreement The Company has entered into a transaction support agreement ("TSA") with certain members of the SSN Group, certain members of the SUN Group, and the Existing Sponsor which establishes a framework for the implementation of the Agreed Recapitalization Transaction. The TSA provides customary terms committing the parties to support the Agreed Recapitalization Transaction, subject to the terms and conditions set forth therein, including the achievement of certain agreed milestones as further set out in the "Indicative Timeline & Milestones" section of the attached Market Presentation. Please refer to the Attachments section of this announcement for a copy of the TSA and further information on the Agreed Recapitalization Transaction in the attached Market Presentation. The Company encourages all holders of SSNs, SUNs and PIK Notes who wish to access further information relating to the Agreed Recapitalization Transaction and accede to the TSA to contact Kroll Issuer Services Limited, the exchange and tabulation agent, via email at ard@ The Group's financial adviser is Houlihan Lokey, Inc. and its lead legal adviser is Kirkland & Ellis LLP (and its affiliated entity Kirkland & Ellis International LLP). The Existing Sponsor's lead legal adviser is Freshfields LLP. The SSN Group's financial adviser is Perella Weinberg Partners and their lead legal adviser is Gibson, Dunn & Crutcher LLP. The SUN Group's financial adviser is PJT Partners LP and their lead legal adviser is Akin Gump Strauss Hauer & Feld LLP. Attachments Transaction Support Agreement Market Presentation For copies of the Transaction Support Agreement and Market Presentation please visit: Financial Performance Outlook The Company continues to perform in line with its budget for FY25 and remains confident in the long-term prospects of its businesses. The Company currently projects Adjusted EBITDA from its Glass Packaging businesses in FY25E to be approximately $660 million, increasing to approximately $700 million and $760 million, in FY26E and FY27E, respectively, resulting in a gradual improvement in global EBITDA margins from 2024 levels. This compares with approximately $602 million of EBITDA (equivalent to approximately $615 million at 2025 exchange rates) which the Company reported in respect of FY24, representing a margin of approximately 14% on revenues of approximately $4.2 billion. Capital expenditures are expected to be approximately $300 million in FY25E, increasing to $400 million annually in FY26/27E, lease repayments are expected to decrease from approximately $130 million in FY25E, to approximately $105 million annually in FY26/27E, with other flows, principally in respect of working capital, cash taxes and exceptionals, expected to range between $65-125 million annually over FY25E-FY27E. The above projections do not include ongoing dividend payments from AMP. This forward-looking data does not include any impact on the Group's operations or working capital arising from the Agreed Recapitalization Transaction. Disclaimer This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, or an exemption from registration. This release contains "forward-looking" information. The forward-looking information is based upon certain assumptions about future events or conditions and is intended to illustrate hypothetical results under those conditions. Actual events or conditions are unlikely to be consistent with and may materially differ from those assumed. Any views or opinions expressed in this release (including statements or forecasts) constitute the judgement of the Company as of the date of this material and are subject to change without notice. You are cautioned not to place undue reliance on any forward-looking information. Any projections or forecasts in this release are illustrative only and have been based on the estimates and assumptions when the Company's business plan was prepared. Such estimates and assumptions may or may not prove to be correct. These projections do not constitute a forecast or prediction of actual results and there can be no assurance that the projected results will actually be realized or achieved. Actual results may depend on future events which are not in the Company's control and may be materially affected by unforeseen economic or other circumstances. About Ardagh Group Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for brand owners around the world. Ardagh operates 58 metal and glass production facilities in 16 countries, employing approximately 19,000 people with sales of approximately $9.1 billion in 2024. ContactsInvestors: investors@ Media:Pat Walsh, Murray ConsultantsTel.: +353 1 498 0300 / +353 87 2269345Email: pwalsh@ Conor McClaffertyEmail: View original content to download multimedia: SOURCE Ardagh Group S.A. 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
18-07-2025
- Business
- Yahoo
Unisys Takes Meaningful Steps to Remove U.S. Pension Volatility and Accelerate Path to Full Removal
Management invites investors to webcast to discuss benefits of recent capitalstructure transformation BLUE BELL, Pa., July 18, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it will host a conference call on Thursday, July 24, 2025, at 2 p.m. EDT to provide an update on its recent debt transaction, $250M discretionary pension contribution, and subsequent changes made to its asset allocations within its U.S. Qualified Defined Benefit Plans. Management will discuss how these actions support the acceleration of its pension strategy by meaningfully reducing its pension deficit, contributions, and volatility. The call will be led by Mike Thomson, chief executive officer and president, and Deb McCann, chief financial officer. The event will include a live question-and-answer session. Investors who wish to submit questions ahead of the event can do so by emailing Investor@ The live, listen-only webcast and accompanying presentation materials will be available on the Unisys Investor Relations website at Investors may also join the call by dialing 1-844-695-5518 (domestic) or 1-412-902-6749 (international) and referencing the conference passcode: Unisys Corporation Call. A replay of the webcast will be available shortly after the event on the Unisys Investor Relations site. Additionally, a telephone replay will be accessible from two hours after the call until August 6, 2025, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and entering the access code 3247701. About Unisys Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud, AI, digital workplace, logistics and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what's possible for more than 150 years, visit and follow us on LinkedIn. Forward-Looking Statements Any statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current assumptions, expectations and beliefs of Unisys and involve substantial risks and uncertainties that may cause actual results and the timing of events to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, risks related to market and other general economic conditions, and other risks detailed in filings Unisys makes with the SEC from time to time, including under the heading "Risk Factors" in Unisys' Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and its most recent Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Unisys assumes no obligation to update any forward-looking statements. RELEASE NO.: 0717/10007 Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder. UIS-C View original content to download multimedia: SOURCE Unisys Corporation 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
Globe and Mail
09-07-2025
- Business
- Globe and Mail
ARIS MINING REMINDS ARIS.WT.A WARRANT HOLDERS OF UPCOMING EXPIRY
VANCOUVER, BC , /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reminds holders of its TSX-listed warrants trading under the symbol (the Warrants) that the Warrants will automatically expire at the close of markets on July 29, 2025 . Any Warrants not exercised by that time will become void and have no value. The Warrants are currently "in-the-money", with an effective exercise price of C$5.50 per share 1 compared to a closing share price of C$9.46 on July 8, 2025 . To date, approximately 48.2% of the Warrants have been exercised, generating C$77.0 million (approximately US$56 million ) in proceeds for the Company. If all remaining outstanding Warrants are exercised, Aris Mining would receive an additional C$83.0 million (approximately US$61 million ). Neil Woodyer , CEO of Aris Mining, commented "The upcoming expiry of the Warrants represents the final step in simplifying our capital structure. Since our formation in September 2022 , we have progressively eliminated legacy convertible instruments, resulting in a more streamlined share structure with no overhangs. Combined with strong cash flow from operations, the proceeds from warrant exercises have further strengthened our balance sheet, contributing to a cash position of over US$310 million as of June 30 ." Important Note for Investors Warrant holders who wish to exercise their Warrants should contact their brokers or financial advisors to ensure sufficient time is allowed to complete the process. Please note that brokerage firms may impose earlier cut-off times for exercise instructions, and holders should confirm the deadline applicable to their accounts. ________________________ 1 Each Warrant entitles the holder to purchase 0.5 of a common share at an exercise price of C$2.75, equivalent to C$5.50 per full share for two warrants. About Aris Mining Founded in September 2022 , Aris Mining was established with a vision to build a leading Latin America -focused gold mining company. Our strategy blends current production and cashflow generation with transformational growth driven by expansions of our operating assets, exploration and development projects. Aris Mining is listed on the TSX (ARIS) and the NYSE-A (ARMN) and is led by an experienced team with a track record of value creation, operational excellence, financial discipline and good corporate governance in the gold mining industry. Aris Mining operates two underground gold mines in Colombia : the Segovia Operations and the Marmato Complex, which together produced 210,955 ounces of gold in 2024. With expansions underway, Aris Mining is targeting an annual production rate of more than 500,000 ounces of gold, following the Segovia mill expansion, completed in June and ramping up during H2 2025, and the construction of the Bulk Mining Zone at the Marmato Complex, expected to start ramping up production in H2 2026. In addition, Aris Mining operates the 51% owned Soto Norte joint venture, where studies are underway on a new, smaller scale development plan, with results expected in Q3 2025. In Guyana , Aris Mining owns the Toroparu gold/copper project, where a new Preliminary Economic Assessment (PEA) has been commissioned and its results are also expected in Q3 2025. Colombia is rich in high-grade gold deposits and Aris Mining is actively pursuing partnerships with the Country's dynamic small-scale mining sector. With these partnerships, we enable safe, legal, and environmentally responsible operations that benefit both local communities and the industry. Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification. Additional information on Aris Mining can be found at and on Forward-Looking Information This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements included in the "About Aris Mining" section of this news release relating to the Segovia Operations, Marmato Complex, Soto Norte Project and Toroparu Project are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release. Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 12, 2025 which is available on SEDAR+ at and in the Company's filings with the SEC at Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
