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Sterling Infrastructure extends credit facility

December 29, 2023 7:07 am
Sterling Infrastructure Inc said on Thursday that it had requested and received an amendment to its 2019 credit agreement, which will extend the maturity of the credit facility by 18 months to April 2026. The size, economics and covenants of the amended credit agreement remained substantially without change. The $425 million credit facility, under the […] Read more

Qatar, Shell ink five-year crude oil supply deal

December 28, 2023 9:46 am
According to a report by Reuters, Qatar has agreed to supply Shell in Singapore with up to 18 million barrels of oil per year under a five-year deal. QatarEnergy said that it would supply Shell International Eastern Trading Company with Qatar Land and Qatar Marine crude oil over the course of five years, beginning in […] Read more

Japan industrial output drops at lesser-than-expected rate, retail sales surge

December 28, 2023 8:24 am
Industrial production in Japan contracted at a monthly rate of 0.9% in November, reversing from a final 1.3% growth in October, preliminary data by the Ministry of Economy Trade & Industry showed. In comparison, market consensus had pointed to a steeper drop, by 1.6%. It has been the first output drop since August, mostly driven […] Read more

Surf Air Mobility appoints new Chief Financial Officer

December 28, 2023 7:27 am
Surf Air Mobility Inc, the air mobility platform transforming regional flying through electrification, said on Wednesday that it had appointed Oliver Reeves as its next Chief Financial Officer. Reeves will head the company’s financial and capital markets strategies, while leveraging his almost two decades of experience within the investment management, enterprise technology and insurance industries. […] Read more

Zymeworks announces $50 million private placement

December 27, 2023 11:58 am
Zymeworks Inc, a clinical-stage biopharmaceutical company, said on Tuesday that it had entered into a securities purchase agreement with funds affiliated with EcoR1 Capital LLC. Under the agreement, Zymeworks Inc will offer an aggregate of 5,086,521 pre-funded warrants to purchase 5,086,521 shares of common stock, $0.00001 par value per share. The proceeds from the offering […] Read more

1st Capital Bancorp appoints Laura Zehm to its board

December 27, 2023 10:15 am
1st Capital Bancorp, the holding company and parent company of 1st Capital Bank, said on Tuesday that it had appointed Laura Zehm to its Board of Directors. Zehm is the former Chief Administrative Officer and Chief Financial Officer of Montage Heath. She has more than three decades of experience within the healthcare industry, which includes […] Read more

Aristocrat Group appoints new Chief Financial Officer

December 27, 2023 8:50 am
Aristocrat Group said last week that it had appointed Mark Corwin as its next Chief Financial Officer. Corwin will take responsibility for Aristocrat Group’s financial stewardship and associated activities, including capital allocation, business planning, performance management and execution. Mark Corwin has served honorably as a member of the special operations community in the United States […] Read more

Accenture agrees to buy Customer Management IT and SirfinPA

December 23, 2023 5:08 pm
Accenture said this week it had entered into an agreement to acquire Customer Management IT and SirfinPA, a pair of jointly-owned Italy-based technology consultancies that support the public sector and specialize in justice and public safety. The acquisition comes in line with Accenture’s focus on helping Italy’s public service organizations build their digital core. Customer […] Read more

Vance Street Capital to sell Terra Insights to Orica

December 23, 2023 3:11 pm
Vance Street Capital LLC said earlier this week it had signed a binding Sale and Purchase Agreement to sell Terra Insights to Orica for as much as CAD 505 million. The deal is expected to close in the first half of next year. Based in Vancouver, British Columbia, Terra Insights is a leading global end-to-end […] Read more