Evoqua Water Technologies launches credit facilities refinancing- confusing but I think good news?-Van? Apr. 07, 2021 11:17 AM ETEvoqua Water Technologies Corp. (AQUA)Evoqua Water Technologies(AQUA-1.6%) announced the refinancing of the company's credit facilities on Apr. 1, 2021. Wholly-owned subsidiaries of the company entered into a credit agreement, which provides for a $475M term loan maturing on Apr. 1, 2028 and a revolving credit facility of up to $350M maturing on Apr. 1, 2026, and a receivables financing agreement, which provides for a receivables finance facility of up to $150M maturing on Apr. 1, 2024. Net proceeds along with cash on hand will be used to repay all outstanding indebtedness under the company's earlier credit facilities, in principal amount of ~$815M. The reduction of ~$340M to the first lien term loan outstanding under the previous credit facilities was funded by draws on the new revolving credit facility, the new receivables finance facility and $100M of cash on hand. Besides extending maturities, Evoqua reduced the weighted average cash borrowing cost by ~0.50% from Dec.31, 2020 level.
Amyris drops 7% to $15.60 after announcing $250M common stock offering this may be our chance to right a wrong and get back in.> We had this previously at $4!
MacBooks, iPad production postponed due to chip shortage, Nikkei says Apr. 08, 2021 6:47 AM ETApple Inc. (AAPL) Apple(NASDAQ:AAPL)MacBooks and iPad production have been postponed due to the global chip storage, according to a Nikkei Asia report.
Bitcoin a Chinese weapon against U.S.,suggests Peter Thiel Apr. 07, 2021 10:53 PM ETBitcoin USD (BTC-USD) An unabashed Bitcoin (BTC-USD) fan, Peter Thiel mullswhether the Chinese might be accumulating the popular crypto as a possible financial weapon against the U.S. and the dollar(USDOLLAR). "[Bitcion] threatens fiat money, but it especially threatens the U.S. dollar," says Thiel. "[If] China is long Bitcoin, perhaps from a geopolitical perspective, the U.S. should be asking some tougher questions about exactly how that works." More: "Even though I'm a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S."
Amyris launches primary and secondary stock offering Apr. 08, 2021 2:13 AM ETAmyris, Inc. (AMRS) Amyris(NASDAQ:AMRS)has commenced public offering of $150M of shares of its common stock, on behalf of its current stockholders,DSM International and affiliates of Vivo Capital (the selling stockholders). AMRS will not receive any proceeds from sale of shares by the selling stockholders. Additionally, the company intends to offer $100M of common shares to support its continued growth. Underwriters' over-allotment is an additional $37.5M of shares. J.P. Morgan and Cowen are acting as the joint bookrunning managers. See below Amyris' ownership structure. Shares down 9.3% after-hours. Yesterday's close was $16.87.
Trulieve Cannabis raises $198M capital via stock offering Apr. 08, 2021 2:03 AM ETTrulieve Cannabis Corp. (TCNNF) Trulieve Cannabis(OTCQX:TCNNF) has pricedp ublic offering of 5M subordinate voting shares in U.S. and Canada at C$50.00/share. Expected gross proceeds are ~$198.1M. Underwriters' over-allotment is an additional 750K shares. Net proceeds will be primarily used to fund Trulieve's business development and for general working capital purposes. Closing date is April 12. SA contributor Cornerstone Investments views Trulieve and Green Thumb as its top 2 cannabis picks due to a combination of revenue growth and strong margin in a Bullish article,Trulieve: This Top Cannabis Stock Is On Sale. Trulieve is on fire with an annual growth of around 340%.YTD rise in TCNNF stock is around 38%.