Latest news with #Issuer
Business Wire
3 days ago
- Business
- Business Wire
AM Best Upgrades Issuer Credit Rating of AVLA Perú Compañía de Seguros S.A.
BUSINESS WIRE)-- AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to 'bbb+' (Good) from 'bbb' (Good) and affirmed the Financial Strength Rating of B++ (Good) of AVLA Perú Compañía de Seguros S.A. (AVLA Perú) (Lima, Peru). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AVLA Perú balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The upgrade of AVLA Perú's Long-Term ICR recognizes its affiliation and strategic importance to its ultimate parent, AVLA Bermuda Holding Corp Ltd. (ABHC), a financial holding company domiciled in Bermuda that is engaged in insurance operations in Chile, Peru, Mexico, Brazil and the United States. As of May 2025, ABHC had equity of USD 89 million. The stable outlooks reflect AM Best's expectation that the company will be able to continue growing and return to profitable technical results, while maintaining its risk-adjusted capitalization. AVLA Perú is a surety, credit and property/casualty insurer that began operations in 2015. The company specializes in surety and complimentary lines of credit insurance, as well as a property line, engineering. AVLA Perú remains in the top 10 among Peru's non-life carriers and top three in the country's surety segment, based on market share. AM Best views AVLA Perú business profile as neutral. Since its creation in 2015, AVLA Perú has capitalized successfully on Peru's guarantee market, which has limited capacity, and become one of the country's main participants for credit insurance and surety. AM Best's neutral assessment of the company's business profile reflects the size of its operation within a small segment in Peru. AM Best considers the company's operating performance to be adequate. AVLA Perú has been able to promote its products in a profitable manner and maintain adequate underwriting performance since 2017, taking proactive steps to manage claims due to market events and developing alternatives for revenue. AVLA Perú's technical results have been complemented by an active investment strategy that generated good investment results in 2024. AVLA Perú's balance sheet strength assessment is very strong given its solid capital base for the risks it undertakes, as reflected in its strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). The very strong balance sheet strength assessment also recognizes the company's capital management capabilities and shareholders' willingness and proven history of making capital contributions to support AVLA Perú's growth. A panel of reinsurers supports AVLA Perú's balance sheet strength level with excellent security. Positive rating actions could take place if AVLA Perú is able to achieve a consistent upward trend in risk-adjusted capitalization, underpinned by positive bottom-line results. Negative rating actions could occur if the operating performance of AVLA Perú deteriorates due to further losses to a point no longer supportive of the adequate assessment. Negative rating actions could occur if in AM Best's opinion, the strategic importance of AVLA Perú to its group decreased significantly or if the consolidated financial strength of the AVLA Group deteriorated to a point no longer supportive of the current ratings. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
3 days ago
- Business
- Yahoo
OHI Group S.A. Announces Consent Solicitation Relating to its U.S.$400,000,000 13.000% Senior Secured Amortizing Notes due 2029 Regulation S Notes: CUSIP L7S61M AB5, ISIN USL7S61MAB59 Rule 144A Notes: CUSIP 67712M AB5, ISIN US67712MAB54
(the "Notes") LUXEMBOURG, July 17, 2025 /PRNewswire/ -- OHI Group S.A. (the "Issuer") announced today that it launched a solicitation (the "Solicitation") for consents (the "Consents") from holders of the Notes (the "Holders") to approve certain amendments and waivers to the indenture dated July 22, 2024 relating to the Notes (as amended or supplemented from time to time, the "Indenture") to (a) provide for a mandatory redemption of $20.0 million aggregate principal amount of Notes at a price of 105%, of the aggregate principal amount of such Notes, plus accrued and unpaid interest and Additional Amounts, if any, to be paid within five (5) Business Days of the Effective Time and (b) permit the Issuer to retain and utilize the remaining $20.0 million of Unutilized Fleet Expansion Proceeds for general corporate purposes without the need to provide any additional security, (ii) waive any Defaults or Events of Default under the Indenture arising as a result of the current Fleet Expansion Mandatory Redemption provisions of the Indenture, and (iii) make any ancillary amendments to the Indenture required to effect the foregoing amendments and waivers (collectively, the "Proposed Amendments and Proposed Waivers"). Adoption of the Proposed Amendments and Proposed Waivers under the Indenture requires the Consents of the Holders of a majority of the aggregate principal amount of the Notes then outstanding (such consents, the "Required Consents"). A Consent may be validly revoked by a Holder at any time prior to, but not on or after, the Effective Time (as defined below) and will automatically terminate and not be effective if the Required Consents are not obtained on or prior to the Expiration Time (as defined below). Assuming the Issuer receives the Required Consents, each present and future Holder will be bound by the Proposed Amendments and Proposed Waivers to the Indenture once they become operative, whether or not such Holder delivered a Consent. The Issuer expects that, promptly after receipt of the Required Consents on or prior to the Expiration Time, it will give notice to BNY Mellon Corporate Trustee Services Limited as trustee under the Indenture (the "Trustee") that the Required Consents have been received (such time, the "Effective Time"), and the Issuer and the Trustee will execute a supplemental indenture to the Indenture, at a convenient time as soon as practicable thereafter. Holders should note that the Effective Time may fall prior to the Expiration Time, and, if so, Holders may not be given prior notice of such Effective Time. The Solicitation will expire at 5:00 p.m., New York time, on July 22, 2025 (such date and time, as the Issuer may extend from time to time in its sole discretion, the "Expiration Time"). The Solicitation is being made solely on the terms and subject to the conditions set forth in the Issuer's consent solicitation statement in respect of the Notes, dated as of July 16, 2025 (the "Consent Solicitation Statement"). The Issuer may, in its sole discretion, terminate, extend or amend the Solicitation at any time as described in the Consent Solicitation Statement. Copies of the Consent Solicitation Statement may be obtained from Kroll Issuer Services Limited, the information and tabulation agent in connection with the Solicitation (the "Information and Tabulation Agent"), at ohigroup@ (Attn: Arlind Bytyqi) or +44 20 7704 0880. Holders of the Notes are urged to review the Consent Solicitation Statement for the detailed terms of the Solicitation and the procedures for consenting to the Proposed Amendments and Proposed Waivers. Holders may also contact Morgan Stanley & Co. LLC, the solicitation agent, in connection with the Solicitation (the "Solicitation Agent") at lmny@ (Attn: Global Debt Advisory Group) or +1 212-761-1057 or +1 800-624-1808. This announcement is for information purposes only and does not constitute an offer to purchase Notes, a solicitation of an offer to sell Notes or a solicitation of consents of Holders and shall not be deemed to be an offer to purchase, a solicitation of an offer to sell or a solicitation of consents with respect to any securities of the Issuer or its affiliates. None of the Issuer, the Trustee, the Information and Tabulation Agent, the Solicitation Agent or any other person makes any recommendation as to whether or not Holders should deliver Consents. Each Holder must make its own decision as to whether or not to deliver Consents. Forward Looking Statements This release may contain forward-looking statements that involve substantial risks and uncertainties. All statements other than statements of historical facts included in this release including, without limitation, statements regarding OHI Group S.A.'s future financial position, risks and uncertainties related to its business, strategy, capital expenditures, projected costs and OHI Group S.A.'s plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as "believe," "expect," "anticipate," "may," "assume," "plan," "intend," "will," "should," "estimate," "risk," and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. OHI Group S.A. does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Cautionary Statement Under no circumstances shall the Consent Solicitation Statement constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for the Notes in any jurisdiction. The Solicitation shall not be considered an "offer of securities to the public," or give rise to or require a prospectus in a European Economic Area member state or in the United Kingdom pursuant to Regulation (EU) 2017/1129 (as amended). The Solicitation is not being made to, and no consents are being solicited from, holders or beneficial owners of the Notes in any jurisdiction in which it is unlawful to make such consent solicitation or grant such consents. However, the Issuer may, in its sole discretion and in compliance with any applicable laws, take such actions as it may deem necessary to solicit consents in any jurisdiction and may extend the consent solicitation to, and solicit consents from, persons in such jurisdiction. The communication of the Consent Solicitation Statement and any other documents or materials relating to the Consents (as defined in the Consent Solicitation Statement) is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, the Consent Solicitation Statement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. Rather, the communication of the Consent Solicitation Statement as a financial promotion is being made to, and is directed only at: (a) those persons in the United Kingdom falling within the definition of Investment Professionals (contained in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")) or within Article 43 of the Order, or other persons to whom it may lawfully be communicated in accordance with the Order; or (b) persons outside the United Kingdom. The Consent Solicitation Statement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which the Consent Solicitation Statement relates is available only to relevant persons and will be engaged in only with relevant persons. The making of the consent solicitation may be restricted by laws and regulations in some jurisdictions. Persons into whose possession the Consent Solicitation Statement comes must inform themselves about and observe these restrictions. This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America or in any other jurisdiction. For further information, please contact: The Information and Tabulation Agent: Kroll Issuer Services LimitedTel: +44 20 7704 0880E-mail: ohigroup@ Arlind BytyqiConsent Website: The Solicitation Agent Morgan Stanley & Co. LLC585 BroadwayNew York, New York 10036Attention: Global Debt Advisory GroupPhone: +1 212-761-1057 or +1 800-624-1808E-mail: lmny@ View original content: SOURCE OHI Group S.A. Sign in to access your portfolio
Cision Canada
4 days ago
- Business
- Cision Canada
IAN ROGERS INCREASES HOLDINGS IN LINCOLN GOLD MINING INC.
VANCOUVER, BC, July 16, 2025 /CNW/ - Ian Rogers (the " Acquiror") announces that on July 14, 2025 and July 15, 2025, the Acquiror completed transactions to acquire 4,500,000 common shares (the " LMG Shares") of Lincoln Gold Mining Inc. (" LMG") (TSXV: LMG) at a price of $0.20 per LMG Share, for aggregate consideration of $900,000.00. Immediately following the acquisition, the Acquiror had beneficial ownership, and control and direction of, a total of 4,942,000 LMG Shares, representing approximately 21.91% of the outstanding LMG Shares as of the date hereof (based on there being 22,559,831 LMG Shares outstanding per LMG's Management's Discussion and Analysis for the three months ended March 31, 2025). Immediately prior to the acquisition, the Acquiror had beneficial ownership, and control and direction of, 442,000 LMG Shares, representing approximately 1.96% of the outstanding LMG Shares. The acquisition was made through the facilities of the TSX Venture Exchange in reliance on the "private agreement exemption" contained in section 4.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (" NI 62-104") on the basis that the purchase of the LMG Shares was not made from more than five persons in the aggregate, the offer to purchase was not made generally to all holders of LMG Shares, and the value of the consideration paid for the LMG Shares by the Acquiror pursuant to the acquisition, including any fees and commissions, was not greater than 115% of the market price of LMG Shares at the date of the acquisition as determined in accordance with NI 62-104. On April 15, 2025, certain holders of LMG Shares (the " Shareholders for Accountability") announced that they had requisitioned an annual and special meeting of shareholders for certain purposes, including to fix the number of directors of LMG at three and to elect a current director, Matthew Mikulic, and the Acquiror as the directors of LMG. The Acquiror intends to vote his LMG Shares in support of the Shareholders for Accountability at LMG's shareholder meeting scheduled for August 15, 2025. The Acquiror will continue to monitor the business, prospects, financial condition and potential capital requirements of LMG. Depending on the Acquiror's evaluation of these and other factors, the Acquiror may from time to time in the future decrease or increase, directly or indirectly, his ownership, control or direction over securities of LMG through market transactions, private agreements, subscriptions from treasury or otherwise, or may in the future develop plans or intentions relating to any of the other actions listed in paragraphs (a) through (k) of Item 5 of Form 62-103F1 – Required Disclosure under the Early Warning Requirements. LMG's head office is located at 789 West Pender St., Suite 400, Vancouver, British Columbia V6C 1H2. The LMG Shares are listed on the TSX Venture Exchange under the symbol LMG. A copy of the Early Warning Report to be filed by the Acquiror will be available on SEDAR+ under LMG's profile on For more information, or to obtain a copy of the Early Warning Report, please contact:
Cision Canada
5 days ago
- Business
- Cision Canada
TREVOR AUNE AND THE AUNE FOUNDATION'S HOLDINGS OF VERTIQAL STUDIOS CORP.
TORONTO, July 15, 2025 /CNW/ - On July 12, 2025, pursuant to the application of Section 1.8 of National Instrument 62-104- Take-over Bids and Issuer Bids, The Aune Foundation (" AF") and Trevor Aune as trustee for the AF (collectively, the " Acquirors") are now deemed to have acquired and to be the beneficial owner of an additional 20,000,000 non-issued common shares (the " Common Shares") of Vertiqal Studios Corp. (TSX: VRTS) (the " Issuer") issuable upon the conversion of a convertible debenture of the Issuer with principal amount of $500,000 issued in November 2022 to the AF and subsequently amended in September 2024 to, among other amendments, modify its conversion price (the " Convertible Debenture #1"). Immediately prior to July 12, 2025, AF had direct beneficial ownership and control and direction over 75,499,400 Common Shares (composed of 35,499,400 issued and outstanding Common Shares and 40,000,000 non-issued Common Shares issuable upon the conversion of a convertible debenture of the Issuer with principal amount of $1,000,000 issued to AF in June 2024 (" Convertible Debenture #2")) representing 10.99% of the Issuer's issued and outstanding Common Shares calculated on a partially diluted adjusted basis (i.e. considering the deemed issuance of all of the Convertible Debenture #2 40,000,000 underlying Common Shares) for a total of 687,017,220 issued and outstanding Common Shares. Following July 12, 2025, the number of Common Shares over which the Acquiror now has direct or deemed beneficial ownership, control and direction is 95,499,400 Common Shares (composed of 35,499,400 issued and outstanding Common Shares and 60,000,000 non-issued Common Shares issuable upon the conversion of Convertible Debenture #1 and Convertible Debenture #2) representing 13.5% of the Issuer's issued and outstanding Common Shares calculated on a partially diluted adjusted basis (i.e. considering the deemed issuance of all of the Convertible Debenture #1 20,000,000 underlying Common Shares and the Convertible Debenture #2 40,000,000 underlying Common Shares) for a total of 707,017,220 issued and outstanding Common Shares. In accordance with applicable securities laws, the Acquirors may, from time to time and at any time, acquire additional Commons Shares, and/or other equity, debt or other securities or instruments of the Issuer (collectively, " Securities") in the open market or otherwise, and the Acquiror reserves the right to dispose of any or all of such Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Issuer and other relevant factors. The address of the AF is: 901-1188 Bidwell Street Vancouver, British Columbia V6G 0C6. The Issuer's head office is located at 441 King Street West Unit 200, Toronto, Ontario, M5V 1K4. The Acquirors acquired the Securities for investment purposes, and has no present intention of acquiring additional Securities. Depending upon Acquirors' evaluation of the business, prospects and financial condition of the Issuer, the market for the Issuer's Securities, general economic and tax conditions and other factors, the Acquirors may acquire more or sell some or all of the Securities owned, managed or controlled by the Acquirors. This press release is issued pursuant to early warning requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (" NI 62‑103") which also requires the Early Warning Report to be filed in accordance with applicable Canadian securities laws. It amends a prior press release filed by a joint actor of the Acquirors under NI 62-103 on July 11, 2025.
Cision Canada
6 days ago
- Business
- Cision Canada
STAMPEDE METALS LIMITED - EARLY WARNING PRESS RELEASE
STAKE HILL, Australia, July 14, 2025 /CNW/ - Stampede Metals Limited (" Stampede") of 63 Summerhill Drive, Stake Hill, Western Australia, Australia has filed an early warning report dated July 11, 2025 advising of their holdings in Hawthorn Resources Corp. (the " Issuer"). On July 11, 2025, Stampede acquired ownership of 15,000,000 Common shares in the capital of the Issuer (" Shares") representing approximately 32% of the issued and outstanding Shares on a non-diluted basis. These Shares were forming part of the 15,000,000 units of the Issuer (the " Units") issued to Stampede at a deemed price of $0.27 per Unit for a total deemed consideration of $4,050,000.00 pursuant to the terms and conditions of a share exchange agreement dated May 31, 2025 and as amended on July 7, 2025 (the " Share Exchange Agreement"). Pursuant to the Share Exchange Agreement and on July 11, 2025, the Issuer acquired all of the issued and outstanding shares in the capital of Stampede Metals Corporation, a private Nevada company, from Stampede (the " Acquisition"). Each Unit consists of one Share and 0.566666667 of a contingent value right (a " Contingent Value Right") for an aggregate of 8,500,000 Contingent Value Rights. Each whole Contingent Value Right shall automatically convert, for no further consideration from the holder, into one " Milestone Payment Share" of the Issuer if certain milestone conditions are met. Prior to the Acquisition, Stampede did not own any Shares. Stampede does not have any plans or future intentions to acquire more Shares, other than as a result of the conversion of the Contingent Value Right. This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the " Early Warning Report"). A copy of the Early Warning Report will appear with the Issuer's documents on the SEDAR+ website at A copy of the Early Warning Report may also be obtained by contacting the Issuer's head office located at 625 Howe St. Suite 1180, Vancouver, British Columbia, V6C 2T6 (phone: (778) 869-1741).
