by MBJ Staff Published: March 25,2013
Tags: bank, banker, banking, capital, expansion, finance, financial institution, preferred stock, publicly traded company, share, stock
HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at [...] [...]
by Associated Press Published: March 13,2013
Tags: campaign, capital, death, fundraiser, fundraising, health, health care, hospice, hospital, medical, medicine
HATTIESBURG — Forrest General Hospital plans to open a 12-patient hospice facility for the terminally ill by mid-2015. The Hattiesburg American reports the Hospice House of South Mississippi will be built on five acres of donated land. Officials with the Forrest General Healthcare Foundation announced a capital campaign to raise $5 million to build the [...] [...]
BALDWYN — Hancock Fabrics Inc. has entered into an amended and restated loan and security agreement. The new, $100-million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would have matured in August 2013. General Electric Capital Corporation will serve as working capital agent, issuing bank, [...] [...]
JACKSON — The Molpus Woodlands Group (Molpus) was selected as Real Asset Manager of the Year at the Money Management Intelligence magazine’s 11th Annual Public Pension Fund Awards held in San Diego, Calif. The award recognizes Molpus’ outstanding achievements during the year, including increasing its managed assets, including raised capital, to approximately $1.76 billion. One [...] [...]
by MBJ Staff Published: January 29,2012
Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY
COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the [...] [...]
PASCAGOULA — Lightfoot Capital Partners, LP, has teamed up with GE Energy Financial Services to make a strategic investment in the liquefied natural gas market. Lightfoot Capital will make a direct investment and own a 48 percent interest in Arc LNG Holdings, LLC, which will own a 20 percent interest in Gulf LNG Energy’s terminal [...] [...]
HOUSTON, Texas — Hydro Green, LLC (HGE), a renewable energy development company with proprietary hydropower technology, has secured an equity capital and project development investment from Providence Renewables, LLC of Dallas, TX. HGE also announced the appointment of Michael P. Maley as president and CEO. The new funds will be used to expedite the development [...] [...]
Kugman Partners Inc. of Chicago has served as financial advisor to Allan Holdings, LLC, and its subsidiary companies, Pharma Pac and Pro Derma, LLC, and assisted in securing significant investment from First Avenue Partners. “We were pleased to assist management of Allan Holdings and First Avenue Partners in repositioning Pharma Pac to refresh operations,” said [...] [...]
RIDGELAND — Metropolitan BancGroup Inc. and its banking subsidiary, Metropolitan Bank, has successfully completed a rights offering yielding new capital of $10.8 million. With assets of approximately $450 million, Metropolitan reported strong, positive earnings growth for the first six months of 2010 and is operating ahead of its profitability projections for the 28-month old private [...] [...]
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