Latest news with #financialrestructuring
Reuters
4 days ago
- Business
- Reuters
Brazil's Azul aims to exit Chapter 11 early 2026, says exec
SAO PAULO, May 30 (Reuters) - Brazilian airline Azul (AZUL.N), opens new tab aims to exit Chapter 11 proceedings early next year, Fabio Campos, institutional and corporate vice-president, told reporters in a press conference on Friday. Asked about plans to combine operations with local airline Gol ( opens new tab, Campos said Azul will now focus primarily on its financial restructuring process. Azul filed for Chapter 11 in the United States earlier this week.
Yahoo
19-05-2025
- Business
- Yahoo
Raadr Inc., Doing Business as Telvantis, Announces $1.4 Million Reduction in Note Obligation
NEW YORK - May 19, 2025 (NEWMEDIAWIRE) - Raadr Inc. (OTC: $RDAR), doing business as Telvantis ("Telvantis" or the "Company"), today announced that it and JanBella Group, LLC ("JanBella") have agreed to amend the Company's note obligation to JanBella to a total of $400,000 - the original note had a principal amount of $540,000 and an additional $1,260,000 in conditional obligations, including an 18-month 10% "fee tail" obligation on certain future funding. The revised $400,000 note balance is payable in four monthly installments, with the first payment having already been made by the Company. "The increasing strength of our business operations has enabled us to take this decisive action, which, together with our previously announced share buyback program, delivers both short-term and long-term benefits," said Daniel Contreras, CEO of Telvantis. "Each of these actions, in their own way, creates meaningful long-term value for our shareholders," Mr. Contreras added. "We constantly seek to allocate our available cash where it offers attractive returns, and our ability to dramatically reduce our future obligations to JanBella was an opportunity that magnifies our ability and, importantly, our willingness to strike at the right time," said Daniel Gilcher, CFO of Telvantis. Mr. Gilcher extended his comments by expressing the Company's gratitude to JanBella for working toward a mutually beneficial outcome. About Telvantis Raadr Inc., doing business as Telvantis (OTC: $RDAR), is a U.S.-based communications technology company powering global enterprise communication. Leveraging extensive carrier relationships and proprietary CPaaS capabilities, Telvantis delivers high-volume, reliable messaging, voice, and digital communication solutions. With a strong foothold and expanding partnerships in high-growth sectors like fintech, healthcare, and e-commerce, Telvantis is executing its strategy to become a leader in the communications technology space. The company is headquartered in Miami Beach, FL. Forward-looking Statements This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect Telvantis' current expectations regarding future events and are based on management's beliefs and assumptions. Actual results could differ materially from those projected due to various factors, including market conditions, competition, and the successful integration of acquired operations. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Telvantis undertakes no obligation to update or revise any forward-looking statements, except as required by law. Investor Relations Contact Raadr Inc., doing business as Telvantis,1680 Michigan Avenue, Suite 700Miami Beach, FL 33139Email: ir@ TelvantisTwitter/X: @Telvantis View the original release on
