Blackstone Valley Chamber to host Business & Breakfast
The Blackstone Valley Chamber of Commerce will host Business & Breakfast, a two-part breakfast meeting that will take place from 7:30 to 9:30 a.m. Sept. 20 at the VFW Hall, 16 S. Main St., Millbury. Attendees will have the opportunity to connect with potential customers and accomplish some B2B marketing. The first half of the meeting will be dedicated to table networking. This meeting is open to both chamber members and non-members who wish to make connections in the community. The second half of the morning will feature keynote speakers from Clear Vision Alliance, who will talk about “focusing on your business growth” and answer questions that attendees come up with at their tables. Ravi Kulkarni and Lynn Whitney Turner are business growth strategists who have an in-depth understanding of national and global issues that affect businesses. Cost: $35 for members, $40 for non-members. To register: http://blackstonevalley.org; 508-234-9090.
Great Elm announces pricing of public offering
Great Elm Capital Corp., of Waltham, announced the pricing of its public offering of approximately $28.4 million aggregate principal amount of its 6.50 percent notes due 2022, which will result in net proceeds to the company of approximately $27 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company. The notes will mature on Sept. 18, 2022, and can be redeemed in whole or in part at any time or from time to time at the company’s option on or after Sept. 18, 2019. The notes will bear interest at a rate of 6.5 percent per year payable quarterly on Jan. 31, April 30, July 31 and Oct. 31 of each year, beginning Oct. 31. The company has also granted the underwriters a 30-day option to purchase up to an additional approximately $4.3 million aggregate principal amount of notes to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions, and the notes are expected to be delivered on or about Sept. 18. The company intends to apply to list the notes on the NASDAQ Stock Market under the trading symbol “GECCD,” and if the application is approved, expects trading in the notes to begin within 30 days from the original issue date. The company intends to use the net proceeds from this offering and cash on hand to redeem all of its outstanding 8.25 percent notes due 2020, which currently amount to approximately $33.6 million plus accrued and unpaid interest. Pending the use of the net proceeds to redeem the full circle notes, the company may invest the net proceeds of this offering in cash, cash equivalents, U.S. government securities and other high-quality debt instruments that mature in one year or less, or temporary investments, as appropriate.
SeaChange announces Partner TV launch
SeaChange International, of Acton, announced that Partner Communications, a leading Israeli Telco and Israel’s second-largest mobile service provider, has launched its Partner TV all-IP multiscreen over-the-top video service on the SeaChange Adrenalin video platform. Deployed within Partner’s private cloud for flexibility, Adrenalin delivers on-demand content and linear TV channels, as well as restart TV and cloud DVR, for full availability across Android TV set top boxes at home and Android and iOS mobile devices. The cloud architecture delivered Partner a rapid time to market, multi-service capabilities and commercial flexibility to deploy a set of services off of a unified backend.
Business After Hours set for Sept. 26
Business After Hours will be held from 5:30 to 7 p.m. Sept. 26 at Lookout Farm Brewing & Cider, 89 Pleasant St., Natick. Cost: $10 for members, $20 for nonmembers. For information: http://metrowest.org.