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Month: December 2020

Juniper Networks Announces Expiration and Tender Results of Cash Tender Offer for Two Series of Senior Notes

SUNNYVALE, Calif., Dec. 09, 2020 (GLOBE NEWSWIRE) — Juniper Networks, Inc. (NYSE: JNPR)(“Juniper”), a leader in secure, AI-driven networks, announced today the expiration and tender results of its previously announced cash tender offer (the “Offer”) for any and all of its outstanding 4.500% Senior Notes due 2024 (CUSIP/ISIN No. 48203R AG9/US48203RAG92, the “4.500% Notes”) and any and all of its outstanding 4.350% Senior Notes due 2025 (CUSIP/ISIN No. 48203R AJ3/US48203RAJ32, the “4.350% Notes,” and together with the 4.500% Notes, the “Notes”). The Offer expired at 5:00 p.m., New York City time, on Wednesday, December 9, 2020 (the “Expiration Time”). As of the Expiration Time, $233,726,000 or 46.75% of the $500,000,000 aggregate principal amount of the 4.500% Notes and $141,964,000 or 47.32% of the $300,000,000 aggregate principal...

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Vasta acquires Meritt, the leading digital assessment platform in Brazil

SÃO PAULO, Brazil, Dec. 09, 2020 (GLOBE NEWSWIRE) — Vasta Platform Limited (NASDAQ: VSTA) announces the acquisition of Meritt, the most complete and cutting-edge digital assessment platform in the country. A team with over 10 years’ experience and over 500 schools served, Meritt possesses the largest K-12 database in Brazil and will help our partner schools with their digitalization process. The startup currently has 153 active clients, a number 40% superior to that of 2019, and is expected to close the year with an estimated revenue of BRL 1.5 million. In addition to aggregating a digital solution to the platform, bringing in new clients, and contributing with its experience in data analysis, Meritt will also provide relevant cost synergies with the streamlining of tests and mock exams for the Vasta brands.With the acquisition...

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Corporate update

Boussard & Gavaudan Holding Limiteda closed-ended investment company incorporated with limited liabilityunder the laws of Guernsey with registration number 45582(the “Company”)Legal Entity Identifier: 5493002XNM3W9D6DF327Corporate UpdateIt is now approximately twelve months since the completion of the corporate action in late 2019.  Since that date, the Board of the Company has sought to implement the measures set out in the Company’s circular dated 8 October 2019 (the “Circular”) to seek to address the discount to net asset value at which the Company’s shares trade. This includes a renewed buyback programme pursuant to which the Company has repurchased 1,629,532 ordinary shares representing circa 10.5% per cent. of the Company’s issued share capital, alongside improving shareholder communications through an updated website and revised...

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Corporate update

Boussard & Gavaudan Holding Limiteda closed-ended investment company incorporated with limited liabilityunder the laws of Guernsey with registration number 45582(the “Company”)Legal Entity Identifier: 5493002XNM3W9D6DF327Corporate UpdateIt is now approximately twelve months since the completion of the corporate action in late 2019.  Since that date, the Board of the Company has sought to implement the measures set out in the Company’s circular dated 8 October 2019 (the “Circular”) to seek to address the discount to net asset value at which the Company’s shares trade. This includes a renewed buyback programme pursuant to which the Company has repurchased 1,629,532 ordinary shares representing circa 10.5% per cent. of the Company’s issued share capital, alongside improving shareholder communications through an updated website and revised...

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Ayr Strategies Announces Upsizing of Previously Announced 12.5% Senior Secured Notes Offering; Completes Incentive Exercise of Three Million Warrants

TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, is pleased to announce that, due to strong demand, it has increased the size of its previously announced offering of 12.5% Senior Secured Notes (the “Notes”), from US$75 million to US$110 million. Additionally, it has completed an oversubscribed incentive cash exercise of three million of the Company’s share purchase warrants, resulting in gross proceeds to the Company of over US$25 million. In aggregate this week, following closing of the debt offering, the Company will have raised gross proceeds of over $135 million.“This is an unprecedented time for Ayr. We are in the excellent position of being one of the few MSOs for whom capital is readily available,...

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Kayne Anderson NextGen Energy & Infrastructure Announces Distribution of $0.09 per Share for Q4 2020

HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced today a quarterly distribution of $0.09 per share for the fiscal quarter ended November 30, 2020. This distribution is payable to common stockholders on December 31, 2020 (as outlined in the table below).The Fund expects the next distribution to be declared and paid in March 2021. Payment of future distributions is subject to the Board of Directors’ approval, as well as meeting the covenants of the Fund’s debt agreements and terms of its preferred stock.(1)The return of capital estimate is based on the Fund’s anticipated earnings and profits. The final determination of the tax character of distributions may differ substantially from this preliminary information.Kayne Anderson NextGen Energy &...

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Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.15 per Share for Q4 2020

HOUSTON, Dec. 09, 2020 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today a quarterly distribution of $0.15 per share for the fiscal quarter ended November 30, 2020. This distribution is payable to common stockholders on December 31, 2020 (as outlined in the table below).The Company expects the next distribution to be declared and paid in March 2021. Payment of future distributions is subject to the Board of Directors’ approval, as well as meeting the covenants of the Company’s debt agreements and terms of its preferred stock.(1) The return of capital estimate is based on the Company’santicipatedearnings and profits.The final determination of the tax character of distributions may differ substantially from this preliminary information.Kayne Anderson Energy Infrastructure...

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Itamar Medical Comments on U.S. Centers for Medicare & Medicaid Services (CMS) 2021 Fee Schedule with Reimbursement Update for Home Sleep Apnea Testing

CAESAREA, Israel, Dec. 09, 2020 (GLOBE NEWSWIRE) — Itamar Medical Ltd. (NASDAQ and TASE: ITMR), a leading medical device and digital health company focused on the integration of sleep apnea management into the cardiac patient care pathway, today commented on the recent release of the 2021 Physician Fee Schedule from the U.S. Centers for Medicare & Medicaid Services (CMS). This Fee Schedule represents the third year of a four-year proposed plan to reevaluate reimbursement in home sleep apnea diagnostic codes. The final changes will become effective on January 1, 2021.The 2021 Fee Schedule further widens the gap between the CPT-95800 used with Itamar Medical’s WatchPATTM device of approximately $163, a -3.5% decrease from 2020, compared to CPT-code 95806 used with competitive Home Sleep Apnea Testing (HSAT) devices of approximately...

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Cornerstone Announces Completion of $7.7 Million Financing

Not for distribution to United States newswire services or for dissemination in the United StatesOTTAWA, Dec. 09, 2020 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) announces completion of its non-brokered private placement (the “Offering”), the proposed terms of which were previously announced on November 24 and November 25, 2020.The Offering consisted of the issuance of 1,540,000 common shares at an issue price of $5.00 per common share for total gross proceeds of $7,700,000. The Company intends to use the proceeds of the Offering for working capital and general corporate purposes.The Offering includes participation by insiders of Cornerstone totalling 380,000 common shares, which constitutes a “related party transaction” as defined in...

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Oncternal Therapeutics Announces $40.0 Million Bought Deal Offering

SAN DIEGO, Dec. 09, 2020 (GLOBE NEWSWIRE) — Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, today announced that it has entered into an underwriting agreement with H.C. Wainwright & Co., LLC under which the underwriter has agreed to purchase on a firm commitment basis 8,888,889 shares of common stock of the Company, at a price to the public of $4.50 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about December 14, 2020, subject to satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.The Company also has granted to the underwriter a 30-day option to purchase up to an additional 1,333,333 shares...

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