CBL.TO - Callidus Capital Corporation

Toronto - Toronto Delayed Price. Currency in CAD
0.7300
0.0000 (0.00%)
At close: 12:40PM EDT
Stock chart is not supported by your current browser
Previous Close0.7300
Open0.7300
Bid0.7300 x 0
Ask0.7400 x 0
Day's Range0.7300 - 0.7300
52 Week Range0.4000 - 2.5000
Volume2,435
Avg. Volume24,853
Market Cap41.699M
Beta (3Y Monthly)-1.35
PE Ratio (TTM)N/A
EPS (TTM)-4.2090
Earnings DateMay 12, 2017 - May 15, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-06-28
1y Target Est2.85
  • CNW Group

    Callidus Capital Announces Receipt of Interim Court Order

    TORONTO , Sept. 17, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that the Ontario Superior Court of Justice (Commercial List) has granted an interim order (the "Interim Order") authorizing various matters in connection with the Company's previously announced plan of arrangement with Braslyn Ltd. under Section 182 of the Business Corporations Act ( Ontario ) (the "Transaction") pursuant to an arrangement agreement dated August 15, 2019 . The Interim Order provides, among other matters, that a special meeting (the "Meeting") of holders of Callidus' common shares ("Shareholders") may be held on October 23, 2019 at 2:00 p.m. ( Toronto time) to consider the Transaction and that the record date (the "Record Date") for determining the Shareholders entitled to notice of, and to vote at, such Meeting is the close of business ( Toronto time) on September 23, 2019 .

  • Reuters

    Callidus shares rise on deal to take troubled lender private

    Shares of Callidus Capital Corp surged more than 75% on Friday after the Canadian lender said its second-largest shareholder, Braslyn Ltd, would acquire its outstanding minority shares and take it private. Callidus, majority owned by Newton Glassman's Catalyst Capital Group Inc, said on Thursday that Braslyn was offering 75 Canadian cents for each share not held by Catalyst, pushing the stock to 72 Canadian cents per share. Callidus, which makes loans to distressed energy, industrial and other companies, has lost money in recent years as some businesses have failed to repay or turn around as hoped.

  • CNW Group

    Braslyn to Acquire Minority-Held Common Shares of Callidus Capital

    TORONTO , Aug. 15, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Braslyn Ltd. ("Braslyn") pursuant to which Braslyn will acquire all of the issued and outstanding common shares (the "Common Shares") of the Company held by persons (the "Minority Shareholders") other than Braslyn, certain investment funds (the "Catalyst Funds") managed by The Catalyst Capital Group Inc. ("Catalyst"), Newton Glassman and James Riley by way of a court-approved Plan of Arrangement (the "Transaction") under the Business Corporations Act ( Ontario ). Pursuant to the Transaction, each Common Share held by Minority Shareholders will be acquired by Braslyn for cash consideration of $0.75 .

  • CNW Group

    Callidus Capital Reports Second Quarter 2019 Results

    TORONTO , Aug. 14, 2019 /CNW/ - Callidus Capital Corporation (CBL.TO) (the "Company" or "Callidus") today announced its financial and operating results for the second quarter (unaudited) ended June 30, 2019 . In May 2019 , the Company sold its portion of two loans to Catalyst Fund V. Catalyst Fund V now has 100% participation in those two loans resulting in the Company fully derecognizing the two loans. The Company recorded a net loss of $79.7 million for the quarter compared to a loss of $40.8 million in the same period last year.

  • CNW Group

    Callidus Capital to Announce Second Quarter 2019 Financial Results

    Callidus Capital to Announce Second Quarter 2019 Financial Results

  • CNW Group

    Callidus Capital Announces the Closing of the Sale of Bluberi Gaming Canada Inc. to Catalyst Funds

    TORONTO , July 10, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that it has closed its previously announced transaction (the "Bluberi Transaction") to sell the Company's shares (the "Bluberi Shares") of Bluberi Gaming Canada Inc. ("Bluberi") to certain investment funds managed by The Catalyst Capital Group Inc. (the "Catalyst Funds"). The purchase price paid by the Catalyst Funds for the Bluberi Shares was $92.7 million , which was satisfied by setting off $92.7 million of the indebtedness of Callidus owing to the Catalyst Funds under Callidus' subordinated bridge facility.

  • CNW Group

    Callidus Announces Election of Directors, Minority Shareholder Approval of the Previously Announced Sale of Bluberi Gaming Canada Inc. and that Newton Glassman will not Seek Reappointment as CEO

    Callidus Announces Election of Directors, Minority Shareholder Approval of the Previously Announced Sale of Bluberi Gaming Canada Inc. and that Newton Glassman will not Seek Reappointment as CEO

  • CNW Group

    Callidus Capital Announces Agreement to Sell Bluberi Gaming Canada Inc. to Catalyst Funds and New Date For Shareholders Meeting

    TORONTO , June 3, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that it has entered into an agreement (the "Bluberi Agreement") with certain investment funds managed by The Catalyst Capital Group Inc. (the "Catalyst Funds") to sell the shares of Bluberi Gaming Canada Inc. ("Bluberi") owned by Callidus and to assign the debt owing by Bluberi to Callidus and its subsidiary (the "Bluberi Debt") to the Catalyst Funds (the "Bluberi Transaction").  The purchase price to be paid by the Catalyst Funds for the shares is $92.7 million , and for the Bluberi Debt is the amount of that debt outstanding on closing. The purchase price will be satisfied by setting off $92.7 million of the indebtedness of Callidus owing to the Catalyst Funds under Callidus' subordinated bridge facility and by the Catalyst Funds assuming a portion of the indebtedness owing by Callidus to the lenders under the Company's collateralized loan agreement equal to the amount of the Bluberi Debt on the Closing Date.

  • CNW Group

    Callidus Capital Reports First Quarter 2019 Results

    All amounts in Canadian dollars unless otherwise indicated. TORONTO , May 15, 2019 /CNW/ - Callidus Capital Corporation (CBL.TO) (the "Company" or "Callidus") today announced its financial and operating results for the first quarter (unaudited) ended March 31, 2019 . In January 2019 , the Company successfully closed the previously announced sale of the commodity division of C&C Resources Inc. for all-cash consideration of approximately $100 million .

  • CNW Group

    Callidus Capital Reports 2018 Full Year and Fourth Quarter Results

    Subsequent to the year end, the Company successfully closed the previously announced sale of the commodity division of C&C Resources Inc. for all-cash consideration of approximately $100 million . A significant portion of the proceeds from the sale were used to pay down the senior debt and collateralized loan obligation. During the year, there were indications of impairment at four of the Company's businesses that reflected declines in forecasted performance due to market conditions and lower than expected financial performance of certain businesses.

  • CNW Group

    Callidus Capital Announces Liquidity and Recapitalization Arrangements and Provides Update on Timing of Release of Financial Statements

    Among other things, it was agreed that, with effect as of January 1, 2019 , the bridge loan will be payable on demand.  However, no demand for repayment in cash can be made prior to June 30, 2020 to the extent the Company's board of directors determines that repayment of any such loan in cash would not be prudent having regard to the Company's cash position.  The agreement also provides that, until June 30, 2020 , Callidus will have the right at its discretion to accrue all interest and fees payable under the bridge loan.  The relevant Catalyst Funds waived compliance with the bridge loan debt covenants as of December 31, 2018 and waived compliance with future financial debt covenants. The refinance facility was amended on a similar basis to the bridge loan including so that the repayment date coincides with the June 30, 2020 date on which demand in cash may be made in respect of the bridge loan.

  • Reuters

    Callidus Capital interim CEO resigns after four months

    Toronto-based lender Callidus Capital Corp announced on Monday that consultant and interim Chief Executive Officer Patrick Dalton had resigned, providing no reason why. Dalton's departure comes about four months after he took over for Newton Glassman, who the company said stepped down for medical reasons. Callidus is a core holding for Glassman's Catalyst Capital Group Inc, one of the largest private equity firms in Canada.

  • CNW Group

    Callidus Capital Announces Resignation of Interim Chief Executive Officer

    TORONTO , March 11, 2019 /CNW/ - Callidus Capital Corporation (the "Company" or "Callidus") announced today that Patrick Dalton has resigned from the Company from his consulting role and position as Interim Chief Executive Officer.  His Interim CEO duties have been re-assigned to the existing Callidus management team. Established in 2003, Callidus Capital Corporation is a Canadian company that specializes in innovative and creative financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions. Unlike conventional lending institutions who demand a long list of covenants and make credit decisions based on cash flow and projections, Callidus credit facilities have few, if any, covenants and are based on the value of the borrower's assets, its enterprise value and borrowing needs.

  • CNW Group

    Quebec Court of Appeal Rules in Favour of Callidus in Former Bluberi CCAA Matter

    TORONTO , Feb. 7, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that, on February 4, 2019 , the Quebec Court of Appeal ("Court of Appeal") ruled in favour of Callidus and reversed the decision rendered by the Quebec Superior Court on March 16, 2017 .

  • CNW Group

    Callidus Capital Announces Closing of Sale of Commodity Business of C&C Resources in Significant All-Cash Transaction

    TORONTO , Jan. 31, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that it has closed the previously announced sale of the commodity division of C&C Resources Inc. ("C&C") for all-cash consideration of approximately $100 million . The transaction results in Callidus realizing the vast majority of the current carrying value for all of the assets of C&C, which it acquired in 2017, while retaining ownership of C&C's remaining assets.  Those remaining assets include C&C's growth-oriented, value-added operations, including the Quesnel, B.C. sawmill, processing facilities and associated logging operations, as well as a manufacturing opertaion in Cranbrook, B.C.

  • CNW Group

    Callidus Capital Announces Receipt of Advance Ruling Certificate to Sell Commodity Business of C&C Resources in Significant All-Cash Transaction

    TORONTO , Jan. 14, 2019 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today announced that an advance ruling certificate under section 102 of the Competition Act has been issued in connection with its previously announced sale of the commodity division of C&C Resources Inc. ("C&C") for all-cash consideration of approximately $100 million .  Closing is expected to occur during the current quarter. Callidus will realize the vast majority of the current carrying value for all of the assets of C&C, which it acquired in 2017 and will retain ownership of C&C's growth-oriented, value-added operations, including its Quesnel, B.C. , sawmill, processing facilities and associated logging operations, as well as a plant in Cranbrook, B.C.

  • ACCESSWIRE

    Today's Research Reports on Restaurant Brands International, Sprott, Fairfax Financial Holdings and Callidus Capital

    NEW YORK, NY / ACCESSWIRE / January 4, 2019 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...

  • CNW Group

    Callidus Comments on Statement of Claim by Former Bluberi and Gerald Duhamel

    TORONTO , Dec. 21, 2018 /CNW/ - Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) today commented on a recently served statement of claim brought on behalf of the company formerly known as Bluberi Gaming Technologies Inc. ("former Bluberi"), its former President Gerald Duhamel , and Mr. Duhamel's family trusts.  The claim, filed with the Quebec Superior Court (Civil Division) on November 7, 2018 , and served on Callidus on December 19, 2018 , seeks damages against parties including Callidus and certain of its officers and directors, in the aggregate amount of approximately CDN$228 million . No relief other than money damages is being sought.

  • CNW Group

    IIROC Trade Resumption - CBL

    IIROC Trade Resumption - CBL

  • Reuters

    PRESS DIGEST- Canada - Dec 7

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** The Ontario government plans to ...

  • Business Wire

    The Catalyst Capital Group Inc. Comments on Braslyn Ltd. Offer to Acquire Outstanding Publicly Held Common Shares of Callidus Capital Corporation

    The Catalyst Capital Group Inc. (“Catalyst”) today commented on the disclosure by Braslyn Ltd. (“Braslyn” or the “Offeror”) that it has offered to purchase all publicly held common shares of Callidus Capital Corporation ("Callidus") (CBL.TO) for C$2.00 per share (the “Offer”). Catalyst is not making the Offer, does not intend to tender shares into the Offer and will maintain its existing 72% share ownership of Callidus. Catalyst and the Offeror have had discussions regarding the terms of mutually acceptable Catalyst rollover and support agreements to be entered into as a condition of the Offer.

  • CNW Group

    Callidus Capital Special Committee Responds to Braslyn's Announcement of a Non-Binding Proposal to Acquire Callidus Shares

    TORONTO , Dec. 6, 2018 /CNW/ - The Special Committee (the "Special Committee") of the Board of Directors of Callidus Capital Corporation ("Callidus" or the "Company") (CBL.TO) acknowledges today's announcement by Braslyn Ltd. ("Braslyn") that Braslyn submitted a non-binding proposal ("Proposal") to the Special Committee to acquire all the outstanding publicly traded Common Shares of the Company not already owned by Braslyn and Catalyst Capital Group Inc. ("CCGI") or funds managed by it for $2.00 per share in cash by way of a board supported plan of arrangement. The Special Committee consists of David Sutin (Chair), Bradley Ashley and Tibor Donath , each of whom is an independent director and is not a representative of CCGI.

  • CNW Group

    IIROC Trading Halt - CBL

    IIROC Trading Halt - CBL

  • PR Newswire

    Braslyn Discloses All-Cash Proposal for Callidus Capital Corporation for C$2.00 Per Share

    NASSAU, Bahamas, Dec. 6, 2018 /PRNewswire/ -- Braslyn Ltd. ("Braslyn"), a privately held investment company part of the Tavistock Group, announced the submission of a non-binding proposal ("Proposal") to Callidus Capital Corporation (TSX:  CBL) ("Callidus" or "Company") to acquire all the outstanding publicly traded shares not already owned by itself and Catalyst Capital Group ("Catalyst") for C$2.00 per share in cash by way of a board supported plan of arrangement.  This price represents a 22.7% premium to the closing price of Callidus on the Toronto Stock Exchange on December 5, 2018. The Proposal was made in a letter to the Special Committee of the Board of Directors of Callidus on November 28, 2018.  The Proposal is not conditional on Braslyn raising financing to complete a transaction, but requires confirmatory due diligence and the entry into rollover and support agreements with Catalyst.