Latest news with #debtReduction
Yahoo
07-07-2025
- Business
- Yahoo
VivoPower Commences $29 Million Shareholder Loan Financing Retirement Plan
LONDON, July 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ('VivoPower' or the 'Company') announced today that its independent directors have approved the commencement of a shareholder debt principal reduction plan. The initial repayment was made to AWN Holdings Limited ('AWN') on July 3, 2025. AWN, a private investment office, is backed by a member of Dubai's Al Maktoum ruling family, signalling institutional and sovereign wealth funding support for VivoPower and its growth objectives. The unaudited balance of the principal component of the AWN shareholder loan was $28.8 million as of June 30, 2025. The Company's objective is to retire the AWN shareholder loan in full. This initiative reflects VivoPower's long term commitment to strengthening its balance sheet and optimizing its capital structure, while ensuring adequate financial capacity to support its transformational growth strategies. Execution of this objective remains subject to ongoing approval from the Company's independent directors and the availability of sufficient liquidity. About VivoPower VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world's first XRP-focused digital asset enterprise. The Company's new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications. Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining. Forward-Looking Statements This communication includes certain statements that may constitute 'forward-looking statements' for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. There can be no assurances that VivoPower will continue to comply with all of NASDAQ's Listing Rules at all times, given inherent uncertainty in business conditions and financial markets. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. Contact Shareholder Enquiries media@ 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
05-07-2025
- Business
- Yahoo
Solventum Amends Thermo Fisher Deal, Retains Water Filtration Business
Solventum Corporation (NYSE:SOLV) is one of the best new stocks to buy now. On June 25, Solventum announced an amendment to its transaction agreement with Thermo Fisher Scientific Inc. (NYSE:TMO). The revised agreement now excludes Solventum's drinking water filtration business from the assets being acquired by Thermo Fisher. Consequently, the cash consideration for the acquisition has been adjusted from ~$4.1 billion to $4 billion. The net proceeds from this sale are intended for debt reduction. This amendment is expected to streamline the transaction and accelerate its closure, which is still expected by the end of this year. Under the new terms, Thermo Fisher will be entitled to a payment of up to $75 million from Solventum. Keeping the Water Business is projected to increase Solventum's annual EPS gain by $0.15 to $0.2. A healthcare professional wearing a health communications device discussing patient data with a colleague. The terms of the amended agreement remain largely consistent with the initial agreement, with modifications specifically reflecting the exclusion of the Water Business. These adjustments include changes to non-compete clauses and related provisions, as well as certain reverse services, manufacturing, and supply agreements that will now support the retained Water Business. Solventum Corporation (NYSE:SOLV) is a healthcare company that develops, manufactures, and commercializes a portfolio of solutions to address customer and patient needs internationally. Thermo Fisher Scientific Inc. (NYSE:TMO) provides life sciences solutions, analytical instruments, specialty diagnostics, laboratory products, and biopharma services internationally. While we acknowledge the potential of SOLV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
AeroVironment Shares Plunge in Wake of Massive Funding to Slash Debt
July 1 - AeroVironment (NASDAQ:AVAV) said it plans to issue $750 million in common stock and $600 million of convertible senior notes due 2030 to shore up its balance sheet. The drone specialist intends to use the proceeds primarily to retire outstanding debt, with any remaining funds earmarked for general corporate purposes, including boosting manufacturing capacity. Warning! GuruFocus has detected 9 Warning Signs with AVAV. Shares slid more than 7% in Tuesday trading after the announcement, wiping out a portion of this year's gains. The stock had climbed about 85% since January, lifting AeroVironment's market value to roughly $13 billion ahead of the offering. Credit Suisse and J.P. Morgan are among the lead underwriters on the deal, which comes after AeroVironment closed its $4.1 billion acquisition of Blue Arc last month. The company said strong fourth?quarter results and a recent executive order to expand U.S. drone production have bolstered its outlook. Analysts say the move signals AeroVironment's focus on debt reduction ahead of further expansion, though investors will watch execution closely as the company scales up. This article first appeared on GuruFocus.
Yahoo
01-07-2025
- Business
- Yahoo
Southern Water receives further £1.2bn equity injection to bolster finances
The owner of Southern Water has pumped another £1.2 billion into the struggling utility to help boost its finances. Australian investment firm Macquarie – which previously owned Thames Water – has stumped up the fresh equity, starting with an initial £655 million with a further £545 million due by December. The plans come as part of a deal that will also see the debt owed to Southern Water's holding company lenders slashed by more than half. Southern Water, which supplies 4.7 million people across the south and south-east of England, has amassed nearly £9 billion of debt – making it one of the most heavily indebted water firms in the UK behind Thames Water. It has seen its credit rating downgraded amid fears that it may break the conditions of its lending agreements. But the firm's lenders have agreed to write down debt under the latest support package, reducing it debt mounting from £865 million to £415 million. Lawrence Gosden, chief executive of Southern Water, said: 'Every penny of this equity raise will go directly towards delivering the largest growth investment programme in the sector relative to its size, for the benefit of our customers and the environment. 'This follows £1.65 billion of equity already invested by Macquarie, since 2021. 'Taken together with the reduction in debt, and no forecast dividends for the 2025-30 regulatory period, the new investment will directly support Southern Water's financial resilience and improving performance.'
Yahoo
01-07-2025
- Business
- Yahoo
Southern Water receives further £1.2bn equity injection to bolster finances
The owner of Southern Water has pumped another £1.2 billion into the struggling utility to help boost its finances. Australian investment firm Macquarie – which previously owned Thames Water – has stumped up the fresh equity, starting with an initial £655 million with a further £545 million due by December. The plans come as part of a deal that will also see the debt owed to Southern Water's holding company lenders slashed by more than half. Southern Water, which supplies 4.7 million people across the south and south-east of England, has amassed nearly £9 billion of debt – making it one of the most heavily indebted water firms in the UK behind Thames Water. It has seen its credit rating downgraded amid fears that it may break the conditions of its lending agreements. But the firm's lenders have agreed to write down debt under the latest support package, reducing it debt mounting from £865 million to £415 million. Lawrence Gosden, chief executive of Southern Water, said: 'Every penny of this equity raise will go directly towards delivering the largest growth investment programme in the sector relative to its size, for the benefit of our customers and the environment. 'This follows £1.65 billion of equity already invested by Macquarie, since 2021. 'Taken together with the reduction in debt, and no forecast dividends for the 2025-30 regulatory period, the new investment will directly support Southern Water's financial resilience and improving performance.'