Media OutReach - 18 January 2021 - European TopSoho S.? r.l. announces today further information in relation to its ?250 million 4% secured guaranteed bonds due 2021, exchangeable into shares of SMCP S.A.. Reference is also made to the Company?s announcement made on 7 January 2021 noting the receipt by it of a purported default notice from GLAS SAS in respect of the Bonds.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings of Nissay reflect its balance sheet strength, which AM Best categorises as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
Aviation Capital Group LLC, a leading aircraft asset manager, announced today the closing of its sale of $750 million aggregate principal amount of 1.950% senior unsecured notes due 2026.
Utilizes Strong Cash Position for Voluntary Redemption of Senior Notes James Hardie Industries plc (JHX), the world?s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announced that it has made a voluntary redemption of its 4.75% senior unsecured notes due 2025 with a payment of US$410 million in principal and call premium.
Pioneer Natural Resources Company (PXD) today announced that it has priced a public offering of $750.0 million of 0.750% Senior Notes that will mature January 15, 2024, $750.0 million of 1.125% Senior Notes that will mature January 15, 2026 and $1.0 billion of 2.150% Senior Notes that will mature January 15, 2031, pursuant to an effective shelf registration statement that was previously filed with th...
California Resources Corporation (CRC) announced today the pricing of its private offering of $600 million in aggregate principal amount of its 7.125% senior unsecured notes due 2026 at par. The Company estimates that the net proceeds from the offering will be approximately $589 million after deducting the initial purchasers' discount and estimated expenses.
Tom Boyle, Chief Financial Officer of Public Storage (PSA), announced today that the Company has priced a public offering of $500 million aggregate principal amount of Senior Notes due 2026. BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering.
?. Santander UK PLC. Series 68 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 13 April 2021. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 626,621.92. POOL FACTOR.
? Haven Funding Plc ? REGULATORY ANNOUNCEMENT 8.125% Secured Bonds due 2032 ISIN: XS0084068716 Surrender and Cancellation of Bonds On 8 January 2021, Bonds in an aggregate principal amount of ?3,709,960 were surrendered by a borrower to the issuer and, accordingly, Bonds in an aggregate principal amount of ?3,709,960 were cancelled at that date.
?. Pioneer Natural Resources Company (PXD) today announced the commencement of a public offering, subject to market and other conditions, of Senior Notes due 2024, Senior Notes due 2026 and Senior Notes due 2031.
Repay Holdings Corporation (RPAY) announced today the pricing of its $400.0 million aggregate principal amount of 0.00% convertible senior notes due 2026 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company. Concurrently, AM Best has affirmed the FSR of B+ and the Long-Term ICR of ?bbb-? of Corporate Solutions Life Reinsurance Company.
US$750 Million Senior Unsecured Notes due 2026 and US$750 Million Senior Unsecured Notes due 2028 Avolon Holdings Limited, the international aircraft leasing company, announces the successful pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Sun Life Assurance Company of Canada and Sun Life and Health Insurance Company ? the core insurance subsidiaries of Sun Life Financial Inc. [NYSE: SLF]. Concurrently, AM Best has affirmed the Long-Term ICR of ?a? and the existing Long-Term Issue Credit Ratings of SLF.
California Resources Corporation (CRC) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $600 million in aggregate principal amount of senior unsecured notes due 2026.
Repay Holdings Corporation (RPAY) announced today its intention to offer, subject to market and other conditions, $350.0 million aggregate principal amount of convertible senior notes due 2026 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under ...
AM Best has removed from under review with positive implications and upgraded the Long-Term Issue Credit Ratings to ?a? from ?bbb-? on the two tranches of 6.75% senior unsecured notes totaling $350 million, both due 2024, issued by National General Holdings Corp.. The outlook assigned to the Credit Ratings is stable.
Intercontinental Exchange, Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, and ADP, a leading global technology company providing human capital management solutions, announced plans today to launch a new alternative data offering for the U.S. municipal bond market.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $1,000,000,000 aggregate principal amount of 2.250% Senior Notes due 2026, $1,000,000,000 aggregate principal amount of 2.625% Senior Notes due 2029 and $1,000,000,000 aggregate principal amount of 2.875% Senior Notes due 2031 in a registered public offering.
PGT Innovations, Inc. (PGTI), a national leader in premium windows and doors, including impact-resistant products and products designed to unify indoor/outdoor living spaces, announced today the pricing of its previously announced private offering of $60 million aggregate principal amount of additional 6.75% senior notes due 2026, which are being issued at 105.500% of their principal amount, plus accr...
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, up to $2.0 billion aggregate principal amount of senior notes, to be issued in three tranches with maturities in 2026, 2029 and 2031 in a registered public offering.
- Total available liquidity in excess of US$6.5 billion at year end - Investment Grade ratings affirmed by Fitch, KBRA, Moody?s and S&P Global - Delivered and sold a total of 83 aircraft; executed 141 lease transactions during 2020 - Entered into sale and leaseback commitments for 44 aircraft, for a total of US$2.3 billion - Ended the year with an owned, managed and committed fleet of 842 aircr...
Slow start, though LaborIQ? forecasts economic acceleration in second half of 2021 ThinkWhy, a SaaS company helping businesses navigate the labor market, released its national jobs report following an announcement from the Bureau of Labor Statistics that the economy lost 140,000 jobs in December, with the unemployment rate at 6.7 percent.
Digital mortgage solution takes time, touch and cost out of underwriting workflow ? accelerating the process and reducing cost per loan CoreLogic? , a leading global property information, analytics and data-enabled services provider, today announced the successful implementation of its income calculation and analysis solution through Freddie Mac?s Loan Product Advisor? asset and income modeler ...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of National Fire and Casualty Company. The ratings reflect NFC?s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Crestwood Midstream Partners LP, a wholly-owned subsidiary of Crestwood Equity Partners LP (CEQP), announced today that it has priced $700 million in aggregate principal amount of 6.00% unsecured Senior Notes due 2029 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
First Security Bank and FHLB Dallas Provide Funding. First Security Bank and the Federal Home Loan Bank of Dallas have awarded a $375,000 Affordable Housing Program subsidy to Promenade Apartments to rehabilitate 46 rental units in the Mountain Home, Arkansas, area.
Conference Call Scheduled for Thursday, Jan. 28, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2020 financial results after market close on Wednesday, Jan. 27, 2021. The company will host a conference call on Thursday, Jan. 28, 2021, at 8 a.m. ET. A live audio webcast and presentation slides will be available at SallieMae.com/investors.
Crestwood Midstream Partners LP, a wholly-owned subsidiary of Crestwood Equity Partners LP (CEQP), announced today its intention, subject to market and other conditions, to offer $700 million in aggregate principal amount of unsecured Senior Notes due 2029 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
HilltopSecurities recently welcomed Managing Director Creig Veldhuizen as an investment banker in its Debt Capital Markets division in Denver, Colorado. This press release features multimedia. Veldhuizen brings more than 25 years of experience in financial services and real estate development to his new role.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on February 1, 2021 to shareholders of record at the close of business on January 21, 2021. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Move accelerates Sagent?s modernization of loan servicing in 2021 Sagent, a fintech company modernizing mortgage and consumer loan servicing for America?s top banks and lenders, today appointed industry stalwarts Marianne Sullivan and Jeffrey Taylor to its Board of Directors.
KKR Real Estate Finance Trust Inc. (KREF) today announced that it closed seven floating-rate loans totaling approximately $565.4 million of commitments in the fourth quarter of 2020. Commenting on the fourth quarter activity, Matt Salem, Chief Executive Officer, said: ?2020 was an unprecedented period. Fourth Quarter 2020 Activity Summary Floating rate based on one-month USD LIBOR.
Equitrans Midstream Corporation (ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP, intends to offer, subject to market conditions, $1.75 billion in aggregate principal amount of senior unsecured notes in a private offering.
Survey from Principal Financial Group? highlights how the pandemic has workers and retirees rethinking financial plans A majority of today?s workers and retirees range from feeling cautious to pessimistic about the economic outlook for 2021, with nearly 75% concerned about how the global pandemic may impact their retirement savings, according to the latest Principal? Retirement Security Survey.
- Closes Institutional Private Placement of ?750 Million of Senior Unsecured Notes - Americold Realty Trust (COLD), the world?s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced that the Company has closed its acquisition of Agro Merchants Group.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
Air Industries Group (AIRI): Air Industries Group (AIRI) announced it has reached an agreement to resolve its post-closing working capital adjustment dispute with CPI Aerostructures, Inc. In a motion filed by CPI Aero against Air Industries (AIRI) in the Supreme Court of the State of New York arising out of the working capital dispute, CPI Aero sought, among other things, a judgment against Air Industries (AIRI) in the am...
Kroll Bond Rating Agency releases commentary following an announcement on December 22, 2020 that Renovate America Inc., a Property Assessed Clean Energy originator, has filed for bankruptcy under Chapter 11 of the US Bankruptcy Code. Renovate has sponsored thirteen PACE ABS transactions that have outstanding KBRA ratings.
Medallion Financial Corp. (MFIN) announced today that it has completed a private placement of $33.6 million aggregate principal amount of fixed rate senior unsecured notes to certain institutional investors.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Ratings of ?bbb-? of ManhattanLife Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best categorises as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Blue Racer Midstream, LLC announced today the settlement and final results of its previously announced cash tender offer to purchase any and all of its outstanding 6.125% senior unsecured notes due 2022.
Technavio has been monitoring the machine translation market and it is poised to grow by USD 971.87 million during 2020-2024, progressing at a CAGR of 19% during the forecast period. This press release features multimedia. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Brighthouse Life Insurance Company, the largest operating entity for the Brighthouse group of companies, New England Life Insurance Company and Brighthouse Life Insurance Company of NY. These entities collectively are referred to as Brighthouse and are operating insurance subsidiaries of B...
On December 18, 2020, Kroll Bond Rating Agency assigned a long-term rating of AAA with a Stable Outlook to The County of Cook, Illinois Sales Tax Revenue Bonds, Series 2021A. Click here to view the report.
U.S. Bancorp (USB) announced that it has received its results of the December 2020 Stress Test from the Federal Reserve. The Federal Reserve extended, with modifications, the capital restrictions through the first quarter of 2021 due to ?ongoing economic uncertainty and to preserve the strength of the banking sector.
Finalist round will judge for clinical validation in competition aimed at developing frequent, fast, affordable, and easy-to-use COVID-19 tests, easing global supply chain XPRIZE, the world?s leader in designing and operating incentive competitions to solve humanity?s grand challenges, today announced the 20 finalist teams advancing in the $6 million XPRIZE Rapid Covid Testing prize, a competit...
Certain BlackRock closed-end funds announced distributions today as detailed below. Taxable Municipal Fund: Fund Ticker Distribution Change From Prior Distribution ?. BlackRock Taxable Municipal Bond Trust (BBN). BBN. $0.117000. - ?. Taxable Funds: Fund Ticker Distribution Change From Prior Distribution BlackRock Floating Rate Income Trust (BGT)* BGT. $0.064700. - BlackRock Core Bond Trust (BHK)* BHK.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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