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Complete Solaria Strikes Debt-for-Equity Deal with Kline Hill Partners Amidst Ongoing Financial Restructuring In a significant development for Complete Solaria, the company disclosed today that Kline Hill Partners (KHP), a debt holder, has agreed to a debt-for-equity swap along with an additional cash infusion. As part of the agreement, Complete Solaria will issue 9.8 million shares, equivalent to 19.9% of outstanding stock, to KHP in exchange for the cancellation of its debt. Additionally, Kline Hill has committed to purchasing 3.7 million Complete Solaria warrants. Mike Bego, CEO of KHP, expressed confidence in Complete Solaria’s future prospects, stating, “We have reinvested the principal and interest from our loan into Complete Solaria’s stock to participate […] Read the full story here: https://lnkd.in/dbk72erB #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #completesolaria #finance #klinehillpartners #northamerica

Lion CG Corp (TSX-V:LEO, OTCQB:LCGMF) announced that it is proposing to carry out a debt restructuring transaction whereby it is offering to holders of its convertible debentures due in 2024 the option to replace the debentures with accrued interest with new convertible debentures or for shares. The company said that in June and July of 2022, it issued 14% unsecured existing debentures with an aggregate principal amount of US$2 million and 29,850,738 detached warrants. In March of 2023, it also issued 14% unsecured existing debentures with an aggregate principal amount of US$1,306,172 and 18,461,015 detached warrants with these debentures. The existing debentures were originally issued with a maturity date of 20 months from the date of issuance, and the detached warrants expire on the maturity date. More at #Proactive #ProactiveInvestors http://ow.ly/WzJQ105h7SJ #TSXV #OTCQB #LEO #LCGMF

Shares in Pensana Plc (LSE:PRE, OTC:PNSPF) rose 16% after it announced significant progress in securing debt financing for its Longonjo #rareearths project in Angola, revealing the negotiation of a non-binding term sheet with a consortium of lenders for $156 million. Once secured, the funding will help bankroll the development of the #mine, including its flotation circuit and refinery. The finance facility is structured to offer up to 50% participation among the lending parties and is designed to span the #construction phase and subsequent ramp-up to full production, extending to a maximum tenure of seven years. The execution of this facility is contingent upon securing guarantees from the relevant export credit agency, discussions for which are reportedly in advanced stages. More at #Proactive #ProactiveInvestors http://ow.ly/hmVl105jKVm #LSE #OTC #PRE #PNSPF

Varta is going through a period of unprecedented financial turbulence. The group has just announced a major restructuring of its debt, reducing it from 485 million euros to 200 million euros. Although essential for the company’s long-term stabilization, this restructuring has resulted in a total devaluation of its shares, a dry loss for investors. The […] L’article Varta: Sharp fall in share price after #debtrestructuring est apparu en premier sur energynews.

ICYMI: Varta is going through a period of unprecedented financial turbulence. The group has just announced a major restructuring of its debt, reducing it from 485 million euros to 200 million euros. Although essential for the company’s long-term stabilization, this restructuring has resulted in a total devaluation of its shares, a dry loss for investors. The […] L’article Varta: Sharp fall in share price after #debtrestructuring est apparu en premier sur energynews.

Cordiant Capital Ltd (LSE:CORD) has refinanced its €200 million Eurobond facility and repaid a €30 million vendor loan note related to the acquisition of Speed Fibre. The move extends debt maturity by just under three years to July 2029 while providing greater financial flexibility. Additionally, CORD has arranged €175 million in undrawn credit facilities, including a €105 million growth capex facility and a €70 million multi-currency revolving credit facility. Maturing alongside the new Eurobond, the new finance will support CORD's growth under its buy, build and grow model. The new facilities were significantly oversubscribed, the investment trust said, with participants including investment banks DNB and Nomura, and funds managed by Schroders Capital, UBS Asset Management, Infranity, IFM Investors, and PATRIZIA. The bonds offer improved terms, including a longer tenor and a credit margin ranging... More at #Proactive #ProactiveInvestors http://ow.ly/fVlO105yS29

CI Capital Holding has proudly completed a securitized bond issuance of EGP 255 million for AUR Capital, a financial consulting firm and subsidiary of AUR Capital Financial Group. This marks CI Capital's 16th successful transaction in the debt capital market within the last 12 months, reaching an impressive aggregate value of EGP 34.726 billion. The issuance comprised two tranches, with the first at EGP 168 million and a 6-month tenor, and the second at EGP 87 million with an 11-month tenor, both earning the prestigious Prime 1 rating from Middle East Ratings and Investor Services (MERIS). CI Capital, AUR Capital, and Arab African International Bank played key roles as advisers, managers, and arrangers, with legal guidance from Dreny and Partners, and KPMG-Hazem Hassan Consulting as the financial auditor. #CICapital #Finance #BondIssuance #AURCapital #FinancialSuccess #ArabAfricanInternationalBank #InvestmentStrategies #KPMGHazemHassan #DrenyandPartners #WAYANews #WAYAMedia #WAYAStories #BusinessHits #InvestmentInMENA

Fixed income deals seen driving capital market activity, consultants and analysts tell LatinFinance #bonds #Brazil #merge #adquisition #capitalmarkets Alexandre Pierantoni Kroll BTG Pactual Nexa Resources Felipe Thut Bradesco BBI CEMEC - Centro de Estudos de Mercado de Capitais BNDES

How did investor pushback impact European leveraged loan covenants in 2023? Subscribe to read our report on how the increased frequency of pushback in 2023 have impacted European leveraged loan covenants. Read the full article: https://ow.ly/68OR50Qwr0E #leveragedfinance #leveragedloans #covenants

𝗨𝗻𝗰𝗼𝘃𝗲𝗿𝗲𝗱 : Europe's leading private real estate debt fund managers. #realestatecapitaleurope The 2024 edition of our annual ranking focuses on Europe's leading #privaterealestate debt managers. These organizations collectively raised an impressive $85.9 billion over the period spanning from 2019 to 2023. This substantial amount underscores their significant contribution to financing strategies within the European real estate sector. 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗘𝘂𝗿𝗼𝗽𝗲'𝘀 𝗗𝗲𝗯𝘁 𝗙𝘂𝗻𝗱 𝟯𝟬 provides a detailed snapshot of these top performers. This ranking is meticulously curated based on the volume of funds raised specifically for European property lending strategies during the aforementioned five-year span. #realestatefinance #realestatecapital #debtfunds https://okt.to/0tpaBu