REHOVOT, Israel, Oct. 14, 2020 /PRNewswire/ — Nova (Nasdaq: NVMI), a leader in metrology solutions for advanced process control used in semiconductor manufacturing, today announced the pricing of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2025 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced $150 million aggregate principal amount of the Notes. In connection with the Offering, Nova has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $25 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on October 16, 2020
Tag: Announces
Walmart Announces “Black Friday Deals for Days,” A Reinvented Black Friday Shopping Experience
Retailer to Spread Out Best Savings of the Season from One Single Day to Three Events in November
Walmart announced last month that it is adapting to meet the evolving needs of its customers this holiday season. The biggest and most exciting shopping day of the year – Black Friday – will be no exception. That’s why today, Walmart is announcing a revamped Black Friday savings event that will deliver the incredible prices customers expect from the retailer in an entirely new way to help provide a safer and more convenient shopping experience.
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Walmart will spread out its Black Friday savings this year from one single day to three events to bring customers “Black Friday Deals for Days.” This reinvented Black Friday experience will offer customers the retailer’s best prices of the season on
Royal Caribbean Group announces pricing of $500 million senior convertible notes offering
MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced private offering of $500 million aggregate principal amount of 2.875% Convertible Senior Notes due 2023 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, the Company granted certain of the initial purchasers of the Convertible Notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the Convertible Notes. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general corporate purposes.
The Convertible Notes will mature on November 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased. The initial conversion rate
Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan Khundii Gold Project Update
Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan
Khundii Gold Project Update
HALIFAX, Nova Scotia, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Erdene Resource
Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") announces
that the European Bank for Reconstruction and Development (“EBRD” or “Bank”)
has exercised its conversion option in respect of its US$5 million convertible
loan (“Convertible Loan”) with the Company. Following conversion of the
Convertible Loan, the EBRD owns and controls 30,043,290 common shares
representing approximately 11.2% of the issued and outstanding common shares
of the Company.
Erdene is also pleased to provide a project update for its 100%-owned,
high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii” or “BK”) in
southwest Mongolia.
Quotes from the Company and EBRD:
"The proceeds of the EBRD Convertible Loan provided the funding to complete
the recently announced Bayan Khundii Gold Project Feasibility Study,” said
Peter Akerley, Erdene’s President and CEO. “The Molecular Data Inc. Announces Private Placement of up to US$5.0 Million Convertible Debentures
SHANGHAI, China, Oct. 13, 2020 (GLOBE NEWSWIRE) — Molecular Data Inc. (“Molecular Data” or the “Company”) (NASDAQ: MKD), a leading technology-driven platform in China’s chemical industry, today announced that it has entered into definitive agreement with YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global, LP (the “Purchaser”), pursuant to which Molecular Data will issue and sell convertible debentures in an aggregate principal amount of up to US$5.0 million to the Purchaser through private placement. The private placement of such convertible debentures is subject to customary closing conditions.
The convertible debentures will be issued and purchased in installments according to the following schedule: (i) convertible debenture of US$3.0 million should be issued and purchased upon the signing of the definitive agreement, (ii) convertible debenture of US$1.0 million should be issued and purchased upon the filing of a registration statement with the U.S. Securities and
Nova Announces Proposed Private Offering of $150 million of Convertible Senior Notes due 2025
REHOVOT, Israel, Oct. 13, 2020 /PRNewswire/ — Nova (Nasdaq: NVMI), a leader in metrology solutions for advanced process control used in semiconductor manufacturing, today announced its intention to offer, subject to market conditions and other factors, $150 million aggregate principal amount of Convertible Senior Notes due 2025 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, Nova expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $22.5 million aggregate principal amount of the Notes.
The final terms of the Notes, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing
Royal Caribbean Group announces proposed offering of senior convertible notes
MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has commenced a private offering of senior convertible notes to be issued by the Company due 2023 (the “Convertible Notes”) for an aggregate principal amount of up to $500 million. In addition, the Company intends to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of Convertible Notes.
The Convertible Notes will be convertible at the holder’s option in certain circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, at its election, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock.
The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used
LMP Automotive Holdings, Inc. Announces Entry Into a Definitive Agreement for the Acquisition …
- Upon closing and combined with our currently contracted acquisitions, LMP’s revenues are expected to exceed $2.2B on an annualized basis in 2021, with approximately $70M in pre-tax income and expected net income of $4.59 per share, which would likely make LMP a newcomer to the Fortune 1000 list of companies with over 1,600 employees;
- Real estate leased with an option to purchase;
- Expands its world class management team;
- Unique New York dominant platform with accelerating organic year-over-year annualized income growth of over 20%;
- Significant increase in online-originated orders with efficient touchless delivery and lower SG&A costs associated with the online and fulfillment elements due to Atlantic’s concentrated, clustered presence in New York along with its logistics network;
- Atlantic Central Storage has storage capacity of approximately 7,000 vehicles in New York and operates a fleet of 15 multivehicle car transporters with capacity to efficiently transport approximately 5,800 vehicles a month on