Latest news with #L.P.
Business Wire
22-07-2025
- Business
- Business Wire
KBRA Assigns Preliminary Ratings to Lyra Music Assets (Delaware) L.P., Series 2025-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2025-1, Class A-2 Notes (Series 2025-1 Notes) that will be issued by Lyra Music Assets (Delaware) L.P., a music royalty ABS securitization. The Series 2025-1 Notes represent Lyra Music Assets (Delaware) L.P.'s second music royalty securitization, following the inaugural Series 2024-2/3 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rating agency confirmation. Proceeds from the transaction will be used to fund the reserve accounts, pay certain transaction expenses, and for other general corporate purposes. The transaction will be collateralized by royalties from a music catalog of premium content from top artists and songwriters, including the Red Hot Chili Peppers, Journey, Justin Bieber, and Shakira, which are among the largest in the Catalog by net publisher share and net label share. Royalty payments include both publishing rights and sound recording rights. As of March 31, 2025, an independent third-party valuation firm valued the Catalog at $2.95 billion using a discounted cash flow method. To access ratings and relevant documents, click here. Click here to view the report. Related Publication Lyra Music Assets (Delaware) L.P. New Issue Report Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1010476
Cision Canada
26-06-2025
- Business
- Cision Canada
MERCER PARK OPPORTUNITIES CORP. ANNOUNCES FILING OF ANNUAL INFORMATION FORM AND INVESTOR CONFERENCE CALL
TORONTO, June 26, 2025 /CNW/ - Mercer Park Opportunities Corp. (TSX: SPAC.U) (TSX: and (TSX: ("Mercer" or the "Corporation") filed its annual information form on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") and may be viewed by interested parties under the Corporation's profile at The Corporation would also like to provide a brief update on the status of its qualifying acquisition. The Corporation is currently in the process of identifying specific target business(es) with which to pursue a qualifying acquisition but has not entered into any definitive agreement with respect to a qualifying acquisition as of the date hereof. Consistent with its IPO prospectus, the Corporation is considering potential targets in a few different industries and business sectors, including cannabis, for its qualifying acquisition. Senior management will be hosting an investor conference call to provide a business update and allow holders of Class A restricted voting shares the opportunity to hear from and ask questions of management. The call will be hosted by: Jonathan Sandelman, Chief Executive Officer, Chairman and Director and Joshua Snyder, Head of Mergers & Acquisitions. Conference Call Details: Please call in at least 10 minutes prior to the call. Date: July 2, 2025, at 10:00 a.m. (Eastern Time) Dial-in Number: 203-626-2883 About Mercer Park Opportunities Corp. Mercer Park Opportunities Corp. is a special purpose acquisition corporation incorporated under the laws of the Cayman Islands for the purpose of effecting a qualifying acquisition. The Corporation's registered and head offices are both located at the offices of CO Services Cayman Limited, Willow House, Cricket Square, Grand Cayman KY1 1001, Cayman Islands. About Mercer Park III, L.P. Mercer Park III, L.P. is a limited partnership formed under the laws of Delaware that is indirectly controlled by Jonathan Sandelman. Forward-Looking Statements This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation's and Mercer Park III L.P.'s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the control of the Corporation and Mercer Park III, L.P., that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, intentions related to the Corporation's qualifying acquisition and related transactions, and the factors discussed under "Risk Factors" in the annual information form dated June 26, 2025 and the prospectus dated July 16, 2024. Neither Corporation nor Mercer Park III, L.P. undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. SOURCE Mercer Park Opportunities Corp.
Yahoo
16-05-2025
- Business
- Yahoo
Énergir Announces a Private Placement of $300 Million Series 2025-1 First Mortgage Bonds
MONTRÉAL, May 15, 2025 (GLOBE NEWSWIRE) -- Énergir Inc. and Énergir, L.P. announce today a private placement by Énergir, L.P. of $300 million aggregate principal amount of Series 2025-1 First Mortgage Bonds (the 'Series 2025-1 Bonds'). The Series 2025-1 Bonds will be secured by a hypothec on the assets of Énergir, L.P. The Series 2025-1 Bonds, bearing interest at the rate of 4.65% per annum, are expected to be dated May 20, 2025 and to mature on May 20, 2055 and would be issued at a price of $998.87 per $1,000 principal amount. The Series 2025-1 Bonds have been assigned a provisional rating of A by Standard & Poor's and a provisional rating of A by DBRS Limited. Closing of the offering of the Series 2025-1 Bonds is expected to occur on May 20, 2025, subject to customary closing conditions. Énergir, L.P. intends to use the proceeds to repay existing indebtedness and for general corporate purposes. The Series 2025-1 Bonds are offered on an agency basis through a syndicate of dealers led by BMO Nesbitt Burns Inc., Scotia Capital Inc. and TD Securities Inc., as joint bookrunners and co-lead private placement agents, together with CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., Mizuho Securities Canada Inc. and Casgrain & Company Limited, as agents. The Series 2025-1 Bonds have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer or sale of the Series 2025-1 Bonds in Canada is being made on a basis which is exempt from the prospectus requirements of such securities laws. The Series 2025-1 Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered, sold or delivered in the United States of America or its territories or possessions or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Series 2025-1 Bonds in the United States. About Énergir Inc. and Énergir, L.P. Énergir Inc. mainly holds a 71% interest in Énergir, L.P., for which it acts as the General Partner. With more than $11 billion in assets, Énergir, L.P. is a diversified energy business whose mission is to meet the energy needs of approximately 540,000 customers and the communities it serves in Quebec and Vermont in an increasingly sustainable way. Énergir, L.P. is the largest natural gas distribution company in Quebec, where, through its joint ventures, it also generates electricity from wind power. And through its subsidiaries and other investments, Énergir, L.P. has a presence in the United States, where it generates electricity from hydraulic, wind and solar sources; it is also the largest electricity distributor and the sole pipeline natural gas distributor in the State of Vermont. Énergir, L.P. values energy efficiency and invests its resources and continues its efforts in innovative energy projects, such as renewable natural gas and liquefied and compressed natural gas. Through its subsidiaries, it also provides a variety of energy services. Énergir, L.P. strives to become the partner of choice for those seeking a better energy future. Forward-Looking Statements This news release contains forward-looking statements, including, but not limited to, statements relating to the expected timing completion and use of proceeds of the proposed sale of Series 2025-1 Bonds and other statements that are not historical facts. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from expectations expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release are as at the date of this news release and, Énergir Inc. and Énergir, L.P. assume no obligation to update or revise any forward-looking statements to reflect new events or circumstances except as required by applicable securities laws. Forward-looking statements are provided herein for the purpose of giving information about the proposed private placement referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The timing and completion of the abovementioned proposed sale of the Series 2025-1 Bonds is subject to customary closing terms and other risks and uncertainties. Accordingly, there can be no assurance that the proposed sale of the Series 2025-1 Bonds will occur, or that it will occur at the expected time indicated in this news release. For more information:MediaCatherine HoudeÉnergir, L.P.1-866-598-3449communications@ Investor RelationsGabrielle RicardÉnergir, 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
16-05-2025
- Business
- Yahoo
Énergir Announces a Private Placement of $300 Million Series 2025-1 First Mortgage Bonds
MONTRÉAL, May 15, 2025 (GLOBE NEWSWIRE) -- Énergir Inc. and Énergir, L.P. announce today a private placement by Énergir, L.P. of $300 million aggregate principal amount of Series 2025-1 First Mortgage Bonds (the 'Series 2025-1 Bonds'). The Series 2025-1 Bonds will be secured by a hypothec on the assets of Énergir, L.P. The Series 2025-1 Bonds, bearing interest at the rate of 4.65% per annum, are expected to be dated May 20, 2025 and to mature on May 20, 2055 and would be issued at a price of $998.87 per $1,000 principal amount. The Series 2025-1 Bonds have been assigned a provisional rating of A by Standard & Poor's and a provisional rating of A by DBRS Limited. Closing of the offering of the Series 2025-1 Bonds is expected to occur on May 20, 2025, subject to customary closing conditions. Énergir, L.P. intends to use the proceeds to repay existing indebtedness and for general corporate purposes. The Series 2025-1 Bonds are offered on an agency basis through a syndicate of dealers led by BMO Nesbitt Burns Inc., Scotia Capital Inc. and TD Securities Inc., as joint bookrunners and co-lead private placement agents, together with CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., Mizuho Securities Canada Inc. and Casgrain & Company Limited, as agents. The Series 2025-1 Bonds have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer or sale of the Series 2025-1 Bonds in Canada is being made on a basis which is exempt from the prospectus requirements of such securities laws. The Series 2025-1 Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered, sold or delivered in the United States of America or its territories or possessions or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Series 2025-1 Bonds in the United States. About Énergir Inc. and Énergir, L.P. Énergir Inc. mainly holds a 71% interest in Énergir, L.P., for which it acts as the General Partner. With more than $11 billion in assets, Énergir, L.P. is a diversified energy business whose mission is to meet the energy needs of approximately 540,000 customers and the communities it serves in Quebec and Vermont in an increasingly sustainable way. Énergir, L.P. is the largest natural gas distribution company in Quebec, where, through its joint ventures, it also generates electricity from wind power. And through its subsidiaries and other investments, Énergir, L.P. has a presence in the United States, where it generates electricity from hydraulic, wind and solar sources; it is also the largest electricity distributor and the sole pipeline natural gas distributor in the State of Vermont. Énergir, L.P. values energy efficiency and invests its resources and continues its efforts in innovative energy projects, such as renewable natural gas and liquefied and compressed natural gas. Through its subsidiaries, it also provides a variety of energy services. Énergir, L.P. strives to become the partner of choice for those seeking a better energy future. Forward-Looking Statements This news release contains forward-looking statements, including, but not limited to, statements relating to the expected timing completion and use of proceeds of the proposed sale of Series 2025-1 Bonds and other statements that are not historical facts. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from expectations expressed in or implied by such forward-looking statements. The forward-looking statements contained in this news release are as at the date of this news release and, Énergir Inc. and Énergir, L.P. assume no obligation to update or revise any forward-looking statements to reflect new events or circumstances except as required by applicable securities laws. Forward-looking statements are provided herein for the purpose of giving information about the proposed private placement referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The timing and completion of the abovementioned proposed sale of the Series 2025-1 Bonds is subject to customary closing terms and other risks and uncertainties. Accordingly, there can be no assurance that the proposed sale of the Series 2025-1 Bonds will occur, or that it will occur at the expected time indicated in this news release. For more information:MediaCatherine HoudeÉnergir, L.P.1-866-598-3449communications@ Investor RelationsGabrielle RicardÉnergir, Sign in to access your portfolio
Business Upturn
24-04-2025
- Business
- Business Upturn
Dorchester Minerals, L.P. Announces Its First Quarter Distribution
DALLAS, April 24, 2025 (GLOBE NEWSWIRE) — Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership's first quarter 2025 cash distribution. The distribution of $0.725835 per common unit represents activity for the three-month period ended March 31, 2025 and is payable on May 15, 2025 to common unitholders of record as of May 5, 2025. Cash receipts attributable to the Partnership's Royalty Properties during the first quarter totaled approximately $34.2 million. Approximately 68% of these receipts reflect oil sales during December 2024 through February 2025 and natural gas sales during November 2024 through January 2025, and approximately 32% from prior sales periods. Cash Receipts attributable to the Partnership's Net Profits Interest during the first quarter totaled approximately $4.8 million. Approximately 74% of these receipts reflect oil sales and natural gas sales during November 2024 through January 2025, and approximately 26% from prior sales periods. Cash receipts attributable to lease bonus and other income during the first quarter totaled approximately $0.6 million. Dorchester Minerals, L.P. is a Dallas-based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. Its common units trade on the Nasdaq Global Select Market under the symbol DMLP. This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Although a portion of Dorchester Minerals, L.P.'s income may not be effectively connected income and may be subject to alternative withholding procedures, brokers and nominees should treat 100% of Dorchester Minerals, L.P.'s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Dorchester Minerals, L.P.'s distributions to non-U.S. investors are subject to federal income tax withholding at the highest marginal rate for individuals or corporations, as applicable. Nominees, and not Dorchester Minerals, L.P., are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors. FORWARD-LOOKING STATEMENTS Portions of this document may constitute 'forward-looking statements' as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price or demand for oil and natural gas, changes in the operations on or development of the Partnership's properties, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements) and the Partnership's financial position, business strategy and other plans and objectives for future operations. These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission. Contact: Martye Miller 3838 Oak Lawn Ave., Suite 300 Dallas, Texas 75219-4541 (214) 559-0300
