Latest news with #loanagreement
Yahoo
07-07-2025
- Sport
- Yahoo
Manchester City striker completes Championship loan transfer
Hugo Viana and Manchester City have finalised a season-long loan agreement for highly-rated striker talent Divin Mubama ahead of the 2025/26 campaign. The 20-year-old joined Manchester City's academy ranks from West Ham in the summer of 2024 and has made quite the impression across the club's youth sides since he swapped east London for Manchester. Advertisement Mubama scored on his full senior Manchester City debut in a 8-0 rout of Salford City in the FA Cup in January. However, a potential spot in Guardiola's ranks seems unlikely for the Englishman despite his first-team heroics in the presence of Erling Haaland. Julian Alvarez joined Atletico Madrid for £82 million last summer, with Manchester City only adding Omar Marmoush to their attacking ranks in January as they look to kickstart a new era under Guardiola after a sub-standard 2024-25 campaign. Haaland was burdened with an overwhelming share of the goalscoring burden last season and despite the 24-year-old Norwegian's impressive tally of 38 goals in all competitions, City could always do with another centre-forward. Goals have dried up in the attacking areas for the Blues, who have seen the likes of Savinho, Jeremy Doku and Jack Grealish struggle for goals. Phil Foden was not at his usual best for much of last season, with a bleak contribution to the scoresheet from midfield as well. Advertisement Marmoush has provided some hope of the burden alleviating from Haaland, who played a heavy chunk of minutes last season and fell prey to an ankle injury in Manchester City's 2-1 FA Cup quarter-final win over Bournemouth in March. City have added Rayan Cherki to their attack this summer and there is an internal hope at the club that Foden will be back to his best next season as Guardiola and co prepare for life beyond Kevin De Bruyne, who was not given a contract renewal as he approached the end of his final deal at the Etihad Stadium and has since joined Napoli on a free transfer. As confirmed by all parties on Saturday, Manchester City have agreed to send striker talent Divin Mubama on loan to Championship side Stoke City for the duration of the upcoming 2025/26 campaign. Mubama has been linked with a season-long loan away from the City Football Academy (CFA) in recent months and a year at the bet365 Stadium will give the young forward an ideal platform to progress his career with regular first-team minutes. Advertisement City have routinely allowed promising academy stars to go out on loan and seek senior opportunities in the EFL Championship and the Premier League to step outside the comfort of the City Football Academy in recent years. Liam Delap represents the best example of a young Manchester City academy graduate who tested himself across clubs in England on loan and is now reaping the rewards – having earned a £30 million transfer to Chelsea in June following a breakthrough 2024-25 campaign at Ipswich Town.
Yahoo
13-05-2025
- Business
- Yahoo
Touchstone Exploration Announces Amended Loan Agreement to Support Pending Acquisition
CALGARY, AB / / May 13, 2025 / Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP)(LSE:TXP) announces that its wholly owned Trinidadian subsidiary, Touchstone Exploration (Trinidad) Ltd. ("TETL"), has entered into a Fourth Amended and Restated Loan Agreement (the "Amended Loan Agreement") with its existing Trinidad-based lender. As previously disclosed, on December 12, 2024, TETL entered into a Share Purchase Agreement (the "SPA") to acquire 100 percent of the share capital of a Trinidad-based company from a third party (the "Acquisition"). Upon closing, TETL will pay $23 million in cash, in addition to the acquired entity's December 31, 2024 cash and abandonment fund balances, subject to customary purchase price adjustments. The total estimated consideration is approximately $28.5 million. Completion of the Acquisition remains subject to the satisfaction or waiver of certain outstanding conditions precedent. Touchstone currently has $33.5 million in outstanding debt across its two term loan facilities and revolving loan facility. On May 12, 2025, TETL executed the Amended Loan Agreement, which includes the following key terms: a new $30 million six-year non-revolving term loan facility, with no principal payments due during the first eleven months, followed by twenty-one equal quarterly repayments; revised financial covenants, tested annually; and a two-year extension of the maturity date of the existing revolving loan facility, with optional two-year renewal periods subject to mutual agreement. Touchstone intends to fully draw the $30 million under the new term facility to finance the Acquisition and to meet obligations under the amended lending arrangements. In connection with the revised financing arrangement, the parties to the SPA have agreed to extend the long-stop date for the Acquisition to May 16, 2025. The parties must satisfy or waive all remaining conditions precedent by this date, with closing to occur on a mutually agreed date thereafter. Touchstone Exploration Inc. Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol "TXP". For further information about Touchstone, please visit our website at or contact: Mr. Paul Baay, President and Chief Executive OfficerMr. Scott Budau, Chief Financial OfficerMr. James Shipka, EVP Asset Development and HSETel: +1 (403) 750-4405 Advisory Regarding Forward-looking Statements The information provided in this news release contains certain forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expect", "believe", "estimate", "potential", "anticipate", "forecast", "pursue", "aim", "intends", and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. The forward-looking statements contained in this news release speak only as of the date hereof and are expressly qualified by this cautionary statement. Specifically, this news release includes, but is not limited to, forward-looking statements relating to: the Company's business plans, strategies, priorities and development plans; the Company's Acquisition, including the Company's expectation that the Acquisition will close, the timing thereof, and the benefits to be derived therefrom; and Touchstone's current and future financial position, including the sufficiency of resources to fund future capital expenditures and maintain financial liquidity. The Company's actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Touchstone will derive from them. For further information regarding the Acquisition and the related advisories thereto (which are incorporated by reference herein), refer to the Company's news release dated May 7, 2025 entitled "Touchstone Exploration Announces Private Placement and an Acquisition Financing Update", which is available online under Touchstone's profile on SEDAR+ ( and on the Company's website ( Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail in the Company's 2024 Annual Information Form dated March 19, 2025 which is available online under the Company's profile on SEDAR+ ( and on the Company's website ( The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise. SOURCE: Touchstone Exploration, Inc. View the original press release on ACCESS Newswire 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
Hospitality Net
12-05-2025
- Business
- Hospitality Net
Starhotels Looks to the Future: 350 Million Financing Agreement Signed for Expansion and Consolidation of Italy's Leading Hotel Group
Florence, Italy - Starhotels S.p.A. announces that on March 11th 2025 it has signed a €350,000,000 ten-year loan financing agreement with a pool of banks made of: BNL BNP (acting as agent bank), BPER, BPM, Crédit Agricole, MPS, and Unicredit. The new financing has been used to repay the €460,000,000 loan signed in 2022 and originally maturing in 2027. This transaction provides the company with long-term financial resources to support the maintenance and enhancement of its current portfolio, the acquisition of new hotel properties, and the signing of new hotel management agreements (lease & management). Starhotels S.p.A. was advised by Rothschild & Co as financial advisor and by Legance Avvocati Associati as legal counsel. The pool of banks was advised by McDermott Will & Emery Studio Legale Associato.
