3 GBA Names used Before Worth a New Look (All gainers the 1st time) 1->Equinor upgraded to Add from Reduce at Baader Europe 05:21 EQNR 2->DoubleVerify initiated with an Overweight at Piper Sandler 04:58 DV 3->Confluent upgraded to Overweight from Equal Weight at Morgan Stanley » 04:51 CFLT
Churchill Downs Incorporated Announces Offering of $600 Million of Senior Notes due 2031 LOUISVILLE, KY., (April 11, 2023) - Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that it successfully priced an offering of $600 million in aggregate principal amount of its 6.750% senior notes due 2031 (the “Notes”). The offering of the Notes is expected to close on April 25, 2023, subject to customary closing conditions. CDI intends to use the net proceeds from the offering (i) to repay indebtedness outstanding under its Term Loan B Facility, (ii) to fund related transaction fees and expenses and (iii) for working capital and other general corporate purposes. The offer and sale of the Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold within the United States to, or for the benefit of, U.S. persons (as defined in Regulation S) except in transactions exempt from, or not subject to, the registration requirements of the Securities Act. Accordingly, the Notes are being sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and offered and sold outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Company will agree to register the Notes for resale to the extent they are not freely tradable under the Securities Act a year after their issuance. The Notes will not be listed on any securities exchange or automated quotation system.
CAN YOU TURN $1 INTO $3 CONTEST Sometimes looking at a companies complete timeline can give you an idea of what is going on/ Ladies & Gentleman Reborn Coffee. Last Aug-) Reborn Coffee opens at $8.80, IPO priced at $5 per share 08/12/22 REBN Reborn Coffee (REBN) is a California-based retailer of specialty coffee. Last Oct-) Reborn Coffee to open five new retail locations in Southern California 10/11/22 REBN Reborn Coffee announced its plans to open five new company-owned retail locations in Southern California, which, once opened, will bring its total count to fourteen. Reborn's new Cabazon store in Riverside County will be located at the Cabazon Outlet, a famous open-air outlet mall serving over 15M shoppers each year. The Cabazon, Huntington Beach and Irvine locations are expected to open in the Q4 of 2022, and the Mission Viejo location is expected to open in the Q1 of 2023. Last Dec-) Reborn Coffee expands to South Korea with acquisition of coffee shop 12/08/22 REBN Reborn Coffee announced it has signed a binding Letter of Intent, LOI, to acquire a specialty coffee shop and a roasting Research and Development facility in Daejeon, South Korea as part of its global expansion plan. Reborn plans to convert the coffee shop and facility to a flagship location and Reborn concept with an inviting store atmosphere which is designed for comfort and convenience and utilize the location as a headquarters for its franchise program in Korea. The Company has also registered an information disclosure statement with the Korea Fair Trade Commission to launch a franchising program in the country. With a franchise registration, Reborn is expected to expand with a number of outlets in metropolitan areas throughout South Korea. "This acquisition in South Korea marks the beginning of Reborn's global growth strategy," said Jay Kim, Chief Executive Officer of Reborn. "South Korea is one of the most dynamic markets within the Asia-Pacific region and coffee is one of the most popular beverages in the country. Establishing a flagship coffee shop and R&D facility in Daejeon positions us to introduce our brand in a major urban area and the location serves as an ideal launchpad for our franchising program." Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals. The Company expects to finalize the acquisition by the middle of January 2023. January-) Reborn Coffee adds retail locations in California, Korea 01/05/23 REBN Reborn Coffee announced plans to open new company-owned retail locations in Southern California and Korea, which, once opened, will bring its total global footprint to 14 stores. "We continue to expand our retail footprint at strategically positioned locations to serve our high quality, specialty-roasted coffee," said Jay Kim, Chief Executive Officer of Reborn. "The surrounding area of each new location has unique characteristics including cultural attractions, high foot and vehicle traffic, and customer demographics we believe will be attracted to our innovative coffee products and techniques. Students especially are attracted to on-the-go and premium options, whether on tap or in ready-to-drink 'RTD' options such as cans and bottles. These new locations will feature our distinctive patio, contemporary design, and inviting atmosphere for socialization, study, and work. January-) Reborn teams with distributor Collective to expand brand to Malaysia, Indonesia 01/19 REBN Reborn Coffee announced it has signed a Memorandum of Understanding with Collective, an owner and operator of a wholesale distribution network with various specialty cafes in Malaysia, on January 15 to establish an equity joint venture to expand and develop Reborn's coffee brand throughout Southeast Asia. Collective has been sourcing, roasting and distributing specialty coffees for more than 7 years to cafes throughout Malaysia, establishing itself as leading specialty coffee roaster by sourcing transparent, traceable, and sustainable coffees from farmers, and providing exceptional coffee experiences to consumers. Collective' s expansion plan includes long-term partnerships with processing facilities and farms at origin, most recently in Indonesia, that will ensure a consistent supply of high-quality coffees and volume for the Southeast Asian market. This partnership includes improving processing methods and introducing innovations such as anaerobic and aerobic fermentation to increase quality score and flavor. Yesterday-) Reborn Coffee reports Q4 EPS (29c) vs. (32c) last year 17:13 REBN Reports Q4 revenue $900K vs$700K last year. Company-operated store sales increased $1M, or 44.5% in the year ended December 3, compared to the same period in 2021. Company-operated store gross profit was $2.1M for the year ended December 31 compared to $1.4M for the same period in 2021. Year-over-year company-operated store gross margins improved to 65.7% from 62.7%. 2022 was a transformative year for Reborn and for our business, including our successful IPO on Nasdaq, [new partnerships], and ongoing location and product expansion," said Jay Kim, Chief Executive Officer of Reborn. "Our fourth quarter was highlighted by strong revenue growth as we continued to execute our expansion strategy, driven by strong customer demand, new product innovation and effective operational execution across our retail locations. "We recently announced plans to open new company-owned retail locations in Southern California, which, once opened, will bring our total global footprint to 14 stores. We continue to seek out differentiated and prime locations to conduct due diligence and build on our pipeline of new company-owned locations. We are aggressively moving forward on strategically expanding our footprint in existing and new markets in California, the U.S. and globally, and developing our franchise opportunity. "We have launched a new line of Super-Premium Reborn Cold Brew Ice Creams to be marketed and distributed throughout our retail locations. Super-Premium cold brew ice cream is a natural extension of our brand, mission and innovative specialty roasted coffee, and we are incredibly excited to begin offering it to customers. Reborn Coffee to focus on increasing sales and growing average unit volumes 17:14 REBN "Looking ahead, we continue to focus on increasing our customer base and sales and growing Average Unit Volumes at our existing stores. New innovative products like our Cascara and Super-Premium ice cream will help to build additional revenue, differentiate our brand, and broaden our reach beyond our retail locations into B2B and DTC sales. Internationally we are positioning Reborn for rapid expansion in new key markets and developing our franchise opportunity. Taken together, we believe we are well positioned to reach our goals for sustained operational execution and year-over-year revenue growth. We enter 2023 in a strong position and look forward to sharing our accomplishments as we strive to create value for our shareholders, customers, and employees," concluded Kim. REBN-$1.00
Coffee anyone? California lifestyle... You can have it. Imagine you are a recently fired tech consultant/ They have given you so much money to leave you are not even showing up in the Gov numbers as unemployed. Your Babe, she's there on the couch-- she wants it--give it to her.... Cold Brew.
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