DALLAS: Spirit Realty Capital announced that the company has closed on the final incremental term loan under the accordion feature of the previously announced $200 million unsecured term loan facility, raising a total of $400 million under the unsecured term…
OLDWICK: Global rating agency AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay…
MILWAUKEE: Jason Industries Inc. has entered into a restructuring support agreement with certain of its senior secured lenders. The Agreement outlines a comprehensive restructuring plan that will ultimately deleverage the Company’s balance sheet by $250 million and anticipates that the…
CALGARY: InnoCan Pharma Corporation has commenced commercial production of its Derma CBD line in Portugal. Nir Avram the company’s Chief Technology Officer commented: “The unique patent pending formulation of Relief & Go CBD Spray is comprised of CBD isolate as…
VANCOUVER: Crest Resources Inc. has entered into an agreement to sell its 100% interest in the Lion’s Den and Peak gold properties as well as its rights to acquire two additional mineral claims in the Toodoggone region of north-western British…
VANCOUVER: AgraFlora Organics International’s wholly owned subsidiary Farmako GmbH has entered into a binding supply term sheet with ZenPharm Ltd to enter into a supply agreement which is expected to be completed in the coming weeks. Under the conditions of…
HONG KONG: Rating agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings (ratings) is stable. The…
OSLO, NORWAY: SpectrumOne AB has today applied for trademark protection in the EU. The company has several ongoing dialogues with partners operating at European level. Hosni Teque-Omeirat, CEO of SpectrumOne saud, “This is an important step in showing our partners…
HAIKOU: A batch of key industrial parks were unveiled on June 3 in China’s island province of Hainan, in an effort to promote the construction of the Hainan free-trade port. The 11 key parks around the island cover three major…
BASEL, SWITZERLAND: The Board of Lonza announced today that Pierre-Alain Ruffieux has been appointed Chief Executive Officer effective 1 November 2020. Prior to that he held roles of increasing seniority at Novartis and has over 20 years’ experience in biopharmaceuticals….
MELBOURNE: Mobilicom Limited has been selected to join the WIN (Wireless Intelligent Networks) Consortium to execute a project during calendar year 2020 valued at more than $4 million. The WIN Consortium is funded by the Israel Innovation Authority and is…
SYDNEY: Kiwi insurer, Tower, has confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown period. Tower CEO, Richard Harding, said that every customer would be refunded part of the…