Latest news with #BDC
Cision Canada
a day ago
- Business
- Cision Canada
LSL PHARMA GROUP SECURES $17.5 MILLION FROM DESJARDINS AND BDC
BOUCHERVILLE, QC, June 27, 2025 /CNW/ - LSL PHARMA GROUP INC. (TSXV: LSL) (" LSL Pharma" or the " Corporation"), a Canadian integrated pharmaceutical company, today announced having secured a new $7.5 million operating line of credit (the "New Line of Credit") from Caisse Populaire Desjardins des Patriotes ("Desjardins") as well as new $10 million pari-passu term loan from BDC and Caisse Populaire Desjardins (the "Term Loan"). The New Line of Credit which is now available, represents a $4.2 million increase over the prior combined line of credit from TD Bank and Scotia Bank. The Term Loan financing expected to close on or about July 7, 2025 will be disbursed in three separate tranches. The first tranche to be disbursed on closing and serve to reimburse existing loans totalling $3.2 million plus accrued interest, as well as all outstanding Convertible Debentures listed asTSXV: representing a principal amount of $3.288 million plus accrued interest (the "Redemption"). The Redemption will be subject to TSXV approval and a formal announcement and notice to Debenture holders, as per the terms of the Debenture Indenture dated November 1, 2023, which is available under LSL Pharma's issuer profile on The second and third tranches will be used to fund capital expenditures and serve to reimburse other debts and loans. Disbursement of the second and third tranches is subject to certain conditions and is expected to be made available before the end of the current fiscal year. The New loan once fully disbursed, will help reduce the Corporation's annual debt servicing requirements and contribute to lower the Corporation's overall interest costs. Interest rate on the New Line of Credit as well as the Desjardins portion of the Term Loan will be based on Desjardins' prime rate plus 1%, which may be reduced based on financial criteria. The BDC portion of the Term Loan will be BDC's base rate plus 2.0% (the "Rate"). The Rate may be reduced by up to 2.5% should LSL Pharma meet certain financial criteria. The various portions of the New Loan will be amortized over 8 to 20 years, include a capital repayment moratorium for the first year on the BDC portion and will be subject to nominal financial covenants. "We are pleased to announce this New Financing and thank Desjardins and BDC for supporting LSL Pharma and sharing our vision, as we keep implementing organic and strategic growth initiatives" said Francois Roberge, President and Chief Executive Officer. "The New Line of Credit and Term loan will significantly increase our working capital flexibility by providing us with in excess of $6 million of additional financing not allocated to loans/debt repayments", said Luc Mainville, Executive Vice-President and Chief Financial Officer. Caution regarding forward-looking statements This press release may contain forward-looking statements as defined under applicable Canadian securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "continue" or similar expressions. Forward-looking statements are based on a number of assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Corporation's ability to control or predict, that could cause actual results or performance to differ materially from those expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, those identified in the Corporation's filings with Canadian securities regulatory authorities, such as legislative or regulatory developments, increased competition, technological change and general economic conditions. All forward-looking statements made herein should be read in conjunction with such documents. Readers are cautioned not to place undue reliance on forward-looking statements. No assurance can be given that any of the events referred to in the forward-looking statements will transpire, and if any of them do, the actual results, performance or achievements of the Corporation may differ materially from those expressed or implied by the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date of this press release. The Corporation does not undertake to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) have reviewed or accept responsibility for the adequacy or accuracy of this release. About LSL Pharma Group Inc. LSL Pharma Group Inc. is a Canadian integrated pharmaceutical company specializing in the development, manufacturing and commercialization of high-quality sterile ophthalmic pharmaceutical products, as well as pharmaceutical, cosmetic and natural health products in solid, semi-solid and liquid dosage forms. Companies forming part of LSL Pharma Group are Steri-Med Pharma Inc., LSL Laboratory Inc., Virage Santé Inc. and Dermolab Pharma Ltd. For further information, please visit our website at SOURCE Groupe LSL PHARMA INC.
Yahoo
3 days ago
- Business
- Yahoo
Seven Must Reads for This Week (June 24, 2025)
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. New Launches and Model Portfolios Boost Active ETF Numbers 'For the first time ever, there are more active exchange-traded funds than passive ones in the $11 trillion ETF market, according to data from Bloomberg Intelligence. Slightly more than half (51%) of the roughly 4,300 ETFs listed in the U.S. are active funds—up from 23% in 2020. It's the latest sign that investors are stepping away from index-tracking funds in favor of ones that are managed by professionals.' ( FINRA Moves to Improve BDC's Access to IPOs, Broadening Investor Pool 'In response to comments, the Financial Industry Regulatory Authority announced an amendment to a recent proposal, signaling a shift in how business development companies and their investors interact with initial public offerings, or IPOs. The revised proposal aims to exempt all BDCs from FINRA Rules 5130 and 5131(b), provided the BDC was not specifically established to enable 'restricted persons' to invest in new issues. Restricted persons may include FINRA member firms, their associated persons, and certain other individuals or entities with affiliations to the financial industry.' (AltsWire) Vanguard Restructures Advisory Units, Swaps Out PMs on $4.8T 'The firm on Wednesday announced plans to establish two wholly owned U.S. investment advisors: Vanguard Capital Management and Vanguard Portfolio Management. Each advisor will have distinct management and investment stewardship teams, the firm said.' ( Portfolios with 20 PC Private Market Allocations 'Drastically Outperform' 'Portfolios with a 20 per cent allocation to private markets tend to 'drastically outperform' their wholly public markets counterparts, a new report by global investment firm Carlyle shows. 'As a result of the private return premium and the volatility-dampening features of private markets, portfolios with a 20 per cent allocation to private assets dramatically outperform counterparts restricted to publicly-traded stocks and bonds,' the company said.' (Alternative Credit Investor) Why Stock Investors Should Take a Closer Look at REITs 'As value investors know, investment flows can be a contrarian indicator. The Morningstar Global Markets ex-US REIT Index has made a comeback this year, as I recently highlighted. A declining US dollar has amplified its returns. But the Morningstar US REIT Index hasn't exactly crushed it in 2025. It held up better than the market during selloffs in March and April but lagged in the May recovery. For the year to date, it's roughly in line with the broad Morningstar US Market Index.' (Morningstar) Neuberger Bergman Rolls Out Tax-Managed Long-Short SMA Strategy 'Neuberger Berman is launching a tax-managed long-short separately managed account strategy, the firm announced Monday. The initial strategy is a 130/30 portfolio, which borrows to invest 130% of the portfolio in stocks expected to rise, while shorting 30% of the portfolio's stocks.' (FUNDfire) Private Credit Urged to Boost Transparency to Attract New Investors 'Private credit faces mounting pressure to become more transparent as it seeks to attract new investors. The creation of new products and the targeting of new types of investors will force private credit funds and others in the market chain to offer more data on how they price their products, said David Little, who heads the asset management solutions division at Moody's Analytics.' (The Banker) 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
Korea Herald
5 days ago
- Entertainment
- Korea Herald
Baby Dont Cry kicks off lovely, cheeky journey
P Nation's first girl group debuts with 'F Girl,' produced by Soyeon of I-dle Another ambitious rookie group has stepped into the K-pop arena. Like its distinctive team name, Baby Dont Cry aims to present a unique genre and a fresh attitude. BDC — consisting of Korean members Yihyun and Beni, and Japanese members Kumi and Mia —held its debut showcase in Yongsan-gu, Seoul, Monday. The very name of the group challenges conventional imagery. 'Baby' in the name signifies pure, strong energy, rather than a fragile, vulnerable being who needs protection, according to the group. 'At first, the name felt unfamiliar as it's a sentence. But I found the new interpretation of 'Baby' — representing innocence and strength — very refreshing, and now I am deeply attached to our name,' said Beni. The debut single 'F Girl' features an exciting guitar sound and powerful choreography. It carries a strong message of confronting people who judge others with scores and numbers. Leader Yihyun named the group's signature genre as the 'Baby Rock,' a genre combining lovely visuals with firm self-confidence and honesty. The group also dropped the prerelease track 'Bet You'll Regret It.' The track conveys a bold message, saying one would regret it if they did not fall for BDC right away. BDC is the first girl group launched by P Nation, a label headed by singer Psy. The debut single was produced under the direction of I-dle's Soyeon. As a veteran K-pop girl group artist and a skillful producer, Soyeon guided the four members throughout the album-making process. 'I've always loved watching I-dle's performance, so when I heard that Soyeon would be producing our debut song, I was thrilled,' said Beni. Mia recalled how Soyeon's detailed guidance helped members through the nerves of their first recording session. 'We were really tense, and our energy dropped. But Soyeon encouraged us and even gave us mental support. Her detailed advice helped us adapt to the process quickly.' Psy also offered valuable advice as a CEO. 'He told us that truly enjoying the stage is the most important part, saying if we're full of energy, the audience will feel it and gain strength,' said Mia. BDC aims to present an image that is both lovable and strong. 'We want to be sweet and lovable, but with an unexpected pop, like popping candy,' Kumi said. 'We're a really cute group,' said Beni with a smile. 'We hope to be a group that brings healing to people, showcasing a lovable and confident image at the same time.'
Hindustan Times
6 days ago
- Hindustan Times
Former block devp council chairman held with heroin in Rajouri
By Press Trust of India , Jammu Jun 22, 2025 08:20 PM IST A former block development council (BDC) chairman was arrested with 10 gram of heroin in Rajouri district of Jammu and Kashmir, a police official said on Sunday. A case has been registered at Nowshera police station under relevant sections of Narcotic Drugs and Psychotropic Substances (NDPS) Act, the official said. (File) Vikas Kumar Sharma, a resident of Thill Hakima village of Nowshera sector, was travelling in his private car from Lamberi to Bagnoti when he was intercepted by a police party on Saturday evening, the official said. Upon noticing the police presence, he attempted to flee but was apprehended by the personnel and his search led to the recovery of the narcotic substance, he said. A case has been registered at Nowshera police station under relevant sections of Narcotic Drugs and Psychotropic Substances (NDPS) Act, the official said. The accused has a history of involvement in criminal cases as three FIRs were registered against him between 2006 and 2020, police said. Sharma was first elected as sarpanch in November 2018 and resigned from the post after winning BDC elections in September 2019. He remained as BDC chairman for eight months from September 2019 before being removed from the position through a no-confidence motion in April 2020, the official said. He said police have started an investigation to trace the source of the contraband and identify any possible links to a broader drug trafficking network.
Time of India
19-06-2025
- Entertainment
- Time of India
Yes, they're really called 'Baby DONT Cry' — Meet K-pop's newest girl group
Yes, it's not a song title - it's the name of the newest girl group in the K-pop scene. Baby DONT Cry, also known as BDC, is a 4-member South Korean pre-debut girl group under P NATION, the agency founded by Gangnam Style superstar PSY. Produced by none other than I-DLE's powerhouse Jeon Soyeon, the group got everyone curios with the cryptic name P Girls when they were teased on April 11, 2025. However, not soon after, they reemerged with a bold identity: Baby DONT Cry. The members Yihyun, Kumi, Mia, and Beni released a pre-debut track - 지금을 놓치면 분명 너 후회할 거야 (Bet You'll Regret It) - on June 16. They will officially make their debut on June 23, 2025, with the single, F Girl. Before their debut, let's get to know the girls a little more. '지금을 놓치면 분명 너 후회할 거야 (Bet You'll Regret It)' Dance Practice (Fix ver.)🔗 Single [F Girl]2025. 6. 23. 6PM 💿 Pre-save : #BDC#FGirl #지분후#250623_6pmKST#PNATION #피네이션 Yihyun Birth Name: Jo Yi Hyun Birthday: April 11, 2006 Debut Single [F Girl] : Yihyun 2025. 6. 23. 6PM 💿 Pre-save : #BDC#이현 #Yihyun#FGirl#250623_6pmKST#PNATION #피네이션 Born in Bundang, Seongnam, she was the first BDC member revealed on June 10, 2025, instantly drawing attention. A former child artist under J&K Entertainment, she appeared on Fantastic Duo and Doppelgängers: You Who Resembles a Star, earning the nickname "Little IU." She also competed on WE KID and gained a following before joining P NATION. A proud BTS fan, she's now ready to shine on her own stage. Kumi Birth Name: Takei Miku Birthday: August 30, 2007 Debut Single [F Girl] : Kumi 2025. 6. 23. 6PM 💿 Pre-save : #BDC#쿠미 #Kumi#FGirl#250623_6pmKST#PNATION #피네이션 She was revealed as the second member on June 11, 2025 and quickly stood out with her quirky "4D" charm. She trained at NEXTinDANCE Academy and knows how to come alive on stage. She finds true joy in singing, dancing, and sharing sweet moments with her members. Now, she is gearing up for the spotlight. Mia Birth Name: - Birthday: September 3, 2007 Debut Single [F Girl] : Mia 2025. 6. 23. 6PM 💿 Pre-save : #BDC#미아 #Mia#FGirl#250623_6pmKST#PNATION #피네이션 She was introduced as the third member on June 12, 2025. This Japanese trainee also trained at the NEXTinDANCE Academy, although little is known about her. She has piqued fans' interest, and her unassuming presence undoubtedly indicates latent potential in the K-pop arena. Beni Birth Name: Kang Han Bit Birthday: December 23, 2008 Debut Single [F Girl] : Beni 2025. 6. 23. 6PM 💿 Pre-save : #BDC#베니 #Beni#FGirl#250623_6pmKST#PNATION #피네이션 She was unveiled as the fourth and final member on June 13, 2025. She is a true veteran among rookies, having passed the last round of P NATION's audition in February 2019 and spent about 6 to 7 years perfecting her craft. Her extensive training, which began at Ib Music Academy in Iksan, is finally beginning to bear fruit. For all the latest K-drama, K-pop, and Hallyuwood updates, keep following our coverage here.
