Quarterhill Inc. has secured a $60 million senior secured credit facility from U.S. Private Credit Investments, enhancing its financial flexibility and capital foundation. The facility includes a $30 million initial term loan, a $25 million delayed draw term loan, and a $5 million revolving credit line, with proceeds aimed at repaying debt, redeeming convertible debentures, and supporting working capital. This financing, maturing in 2031, reduces foreign exchange exposure and positions Quarterhill for accelerated growth and strategic acquisitions. The company also has access to an additional $100 million uncommitted accordion for future growth opportunities.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
