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05.06.26 - 23:06
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Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells Fargo (Business Wire)
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All figures presented herein are in Canadian dollars, unless indicated otherwise.MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (“Birks Group” or the “Company”) (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility (“Term Loan”) with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group (“Gordon Brothers”) and the designated administrative agent under the facility. The new Term Loan, which matures in June 2031, refinances the Company's existing $26 million senior secured term loan credit facility which has been repaid in full. Contemporaneously with the closing of the Term Loan with Gordon Brothers, the Company entered into an amendment and extension of its senior secured revolving credit facility (“Revolver Facility”) with Wells Fargo Canada Corporation (“Wells Fargo”), extending the maturity date until June 2031 and providing for total commitments of $93 million, an increase of $3 million. The new and amended fina...
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03.06.26 - 14:42
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5 Stocks Set to Cash in on The Next 90-Million Customer Industry. (It’s Not AI) (24/7 Wall St.)
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Wells Fargo's chief agriculture economist Dr. Michael Swanson told Bloomberg Businessweek on May 29 that GLP-1 weight-loss drugs (Ozempic, Wegovy, Mounjaro, Zepbound) will eventually match statins at roughly 90 million prescriptions, calling the trend “here to stay” because it's prescribed, not faddish. So this is the next 90-million-customer industry, sitting in plain sight while everyone ... 5 Stocks Set to Cash in on The Next 90-Million Customer Industry. (It's Not AI)...
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