Latest news with #debtfinancing
Associated Press
3 days ago
- Business
- Associated Press
Arvana Inc. Announces $100 Million Financing Initiative to Support Strategic Acquisitions by PintoCity Inc.
LAS VEGAS, NEVADA / ACCESS Newswire / June 10, 2025 / Arvana Inc. (OTC PINK:AVNI) is pleased to announce that it is undertaking both debt and equity financing initiatives to support acquisitions and development activities by its strategic partner, PintoCity Inc. PintoCity is a privately held company, under an MOU to be a fully owned subsidiary of Arvana, that is focused on the transformation and redevelopment of underutilized retail assets. Its business model centers on acquiring and managing vacant shopping centers and big box retail stores across the United States. These properties will be repurposed into entertainment and themed destinations, supported by a revenue-generating strategy designed to revitalize communities and create shareholder value. Arvana has presented a $100 million financing proposal in two (2) tranches of $50M each to prospective lenders and equity investors. As of this announcement, two Letters of Intent (LOIs) have been received from a single lender for $7 million. Negotiations are currently underway for this and additional funding commitments. To complement the debt financing, Arvana is also offering a private placement of 5 million shares to accredited investors/lenders. About Arvana Inc. Arvana Inc. (OTC: AVNI) is a publicly traded company registered under the Securities Exchange Act of 1934, as amended, and is listed on the OTC Pink Sheets with Current Information status under the Alternative Reporting Standard. Bondock LLC, the controlling stockholder of Arvana owns PintoCity. More information can be found at Additional Information: Forward-Looking Statements Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulator legislation, and other circumstances that may cause actual results to be materially different from those expectations Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements contained in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K, Form 10-Q and Form 10-K, which may be viewed at SOURCE: Arvana, Inc. press release
Associated Press
4 days ago
- Business
- Associated Press
Uniti Group Inc. Announces Private Offering of Senior Notes
LITTLE ROCK, Ark., June 09, 2025 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the 'Company,' 'Uniti,' or 'we') (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the 'issuers'), have commenced an offering of $600 million aggregate principal amount of senior notes due 2032 (the 'notes'), subject to market and other conditions. The notes will be guaranteed on a senior unsecured basis by the Company and by each of its subsidiaries (other than the issuers) that guarantees indebtedness under the Company's senior secured credit facility and the Company's existing notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the notes). The issuers intend to use the net proceeds from the offering of the notes to fund the partial redemption (the 'Redemption') of $500 million aggregate principal amount of their outstanding 10.50% senior notes due 2028 (the '2028 secured notes'), including related premiums, fees and expenses in connection with the foregoing. The issuers intend to redeem the 2028 secured notes on June 24, 2025 (the 'Redemption Date') at a redemption price determined in accordance with the indenture governing the 2028 secured notes plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. The notice of redemption issued today for the 2028 secured notes is conditioned upon completion of one or more debt financings in an aggregate gross proceeds amount of at least $550 million. This press release does not constitute a notice of redemption with respect to the 2028 secured notes. The issuers intend to use any remaining net proceeds from the offering of the notes for general corporate purposes. The notes will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act or any applicable state securities laws. The notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT UNITI Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of March 31, 2025, Uniti owns approximately 147,000 fiber route miles, 8.8 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at FORWARD-LOOKING STATEMENTS Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including those regarding the proposed offering of the notes. Words such as 'anticipate(s),' 'expect(s),' 'intend(s),' 'plan(s),' 'believe(s),' 'may,' 'will,' 'would,' 'could,' 'should,' 'seek(s)' and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to the Company's and Windstream Holdings, Inc.'s (together with Windstream Holdings II, LLC, its successor in interest, and its subsidiaries, 'Windstream') ability to consummate our merger with Windstream on the expected terms or according to the anticipated timeline, the risk that our merger agreement with Windstream (the 'Merger Agreement') may be modified or terminated, that the conditions to our merger with Windstream may not be satisfied or the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, the effect of the announcement of our merger with Windstream on relationships with our customers, suppliers, vendors, employees and other stakeholders, our ability to attract employees and our operating results and the operating results of Windstream, the risk that the restrictive covenants in the Merger Agreement applicable to us and our business may limit our ability to take certain actions that would otherwise be necessary or advisable, the diversion of management's time on issues related to our merger with Windstream, the risk that we fail to fully realize the potential benefits, tax benefits, expected synergies, efficiencies and cost savings from our merger with Windstream within the expected time period (if at all), legal proceedings that may be instituted against Uniti or Windstream following announcement of the merger, if the merger is completed, the risk associated with Windstream's business, adverse impacts of inflation and higher interest rates on our employees, our business, the business of our customers and other business partners and the global financial markets, the ability and willingness of our customers to meet and/or perform their obligations under any contractual arrangements entered into with us, including master lease arrangements, the ability and willingness of our customers to renew their leases with us upon their expiration, our ability to reach agreement on the price of such renewal or ability to obtain a satisfactory renewal rent from an independent appraisal, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant, the availability of and our ability to identify suitable acquisition opportunities and our ability to acquire and lease the respective properties on favorable terms or operate and integrate the acquired businesses, or to integrate our business with Windstream's as a result of the merger, our ability to generate sufficient cash flows to service our outstanding indebtedness and fund our capital funding commitments, our ability to access debt and equity capital markets, the impact on our business or the business of our customers as a result of credit rating downgrades and fluctuating interest rates, our ability to retain our key management personnel, our ability to maintain our status as a real estate investment trust (a 'REIT'), changes in the U.S. tax law and other federal, state or local laws, whether or not specific to REITs, covenants in our debt agreements that may limit our operational flexibility, the possibility that we may experience equipment failures, natural disasters, cyber-attacks or terrorist attacks for which our insurance may not provide adequate coverage, the risk that we fail to fully realize the potential benefits of or have difficulty in integrating the companies we acquire, other risks inherent in the communications industry and in the ownership of communications distribution systems, including potential liability relating to environmental matters and illiquidity of real estate investments; and additional factors described in our reports filed with the U.S. Securities and Exchange Commission. Uniti expressly disclaims any obligation to release publicly any updates or revisions to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. INVESTOR AND MEDIA CONTACTS: Paul Bullington, 251-662-1512 Senior Vice President, Chief Financial Officer & Treasurer [email protected] Bill DiTullio, 501-850-0872 Senior Vice President, Investor Relations & Treasury [email protected] This press release was published by a CLEAR® Verified individual.
Bloomberg
4 days ago
- Business
- Bloomberg
HarbourView, KKR Ink $500 Million Financing Backed by Music
HarbourView Equity Partners, the investment firm that owns music royalties for artists including Fleetwood Mac and Wiz Khalifa, has raised $500 million in debt financing from vehicles managed by KKR & Co., according to a statement reviewed by Bloomberg News. The raise is backed by HarbourView's music portfolio and follows a $500 million financing by KKR for the Newark, New Jersey-based firm last year.
Yahoo
26-05-2025
- Business
- Yahoo
Perpetua Resources applies for $2bn EXIM finance for Stibnite Gold Project
Perpetua Resources has formally applied to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2bn for the construction of the Stibnite Gold Project. This application is a critical step in securing funding for a project that could enhance US antimony production and provide environmental restoration to the historical Stibnite Mining District. EXIM is expected to perform its standard due diligence and review the project's eligibility under its initiatives, following the submission of Perpetua's application. This comes after Perpetua's continuous engagement with EXIM's underwriting team and the receipt of the final federal permit for the project. Perpetua Resources received a non-binding Letter of Interest (LoI) from EXIM in April last year regarding potential debt financing of up to $1.8bn under EXIM's Make More in America initiative and the China and Transformational Exports Program. The move aligns with a recent Executive Order to boost government financing for mineral production and could help the US compete with China in antimony production. The application amount has been increased to $2bn, reflecting the updated job-years estimate from financial updates and basic engineering work completed in the first quarter of 2025. Perpetua Resources president and CEO Jon Cherry said: 'The Stibnite Gold Project is poised to be a national strategic asset for domestic antimony production and is also a world class gold asset. 'EXIM financing could play a pivotal role in advancing the Project to production so we can reestablish a secure supply of antimony for the United States for decades to come.' In 2024, China restricted the global export of antimony, a critical mineral for national defence, which heightened the need for domestic production. The Stibnite Gold Project aims to re-establish antimony production in the US. With the Army Corps permit and previous authorisations from the U.S. Forest Service and Idaho state agencies in hand, Perpetua Resources is now focused on obtaining the remaining state permits and securing the necessary financing to begin construction. "Perpetua Resources applies for $2bn EXIM finance for Stibnite Gold Project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
26-05-2025
- Business
- Yahoo
WFW advises lenders on BESS project financing for Eku Emergy
Watson Farley & Williams has advised NatWest and SMBC as lenders on a debt financing and an uncommitted accordion facility granted to Eku Energy to finance the construction of its new battery energy storage system in the UK.
