Day: May 9, 2025
VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) announced today that we have entered into a definitive agreement to sell 100% of our mobile on-site refueling business, operating through our subsidiaries 4Refuel Holdings Limited, Midnight Holding, Inc., and their respective affiliates (collectively “4Refuel”), to affiliates of H.I.G. Capital (“H.I.G.”) for a total purchase price of up to $400 million, subject to customary closing adjustments (the “Transaction”). Including leases and other indebtedness of approximately $50 million, the total implied transaction value is approximately $450 million.
4Refuel is a leading North American mobile on-site liquid refueling company providing on-site wheel-to-wheel and bulk fuel delivery...
Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering
Written by Customer Service on . Posted in Public Companies.
ROSEMONT, Ill., May 08, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced that it has priced an underwritten public offering of 17 million depositary shares with a liquidation preference of $25.00 per share (the “Depositary Shares”) for gross proceeds of $425 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of Wintrust’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The offering is expected to close on May 22, 2025, subject to customary closing conditions.
Wintrust intends to use the net proceeds from the offering for general corporate purposes, which may include the redemption of all or a portion of its outstanding shares of Series D preferred stock...
The Keg Royalties Income Fund announces May 2025 cash distribution
Written by Customer Service on . Posted in Dividend Reports And Estimates.
VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its May 2025 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at May 21, 2025. The May 2025 distribution will be paid on May 30, 2025.
The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.
With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million,...