Deleveraging

AT&T to Spin Off Interest in WarnerMedia to its Shareholders at Closing of Previously Announced Transaction with Discovery, Inc.

Retrieved on: 
화요일, 2월 1, 2022
Entertainment, Technology, General Entertainment, Telecommunications, Mobile, Wireless, Networks, Internet, Public expenditure, Risk, WBD, Form, Technology, Securities Act of 1933, COVID-19, DISCA, Â, EBITDA, TBS, GAAP, DIRECTV, U.S. Securities and Exchange Commission, CEO, HBO Max, Sale, OF, AT, Sport, Deleveraging, AT&T Communications, Prospectus, Nasdaq, Marketing, Turner Classic Movies, DC Comics, HBO, THE, Telecommunication, Animation, Debt, Security (finance), NYSE, Discovery, Inc., Reverse Morris Trust, NASDAQ, Failure, Communication, DISCK, Private Securities Litigation Reform Act, DISCB, Warner Bros., News, AT&T, Industry, CNN, TruTV, Ownership, SEC, Adjustment, FCC v. AT&T Inc., Board, Adult, Reading, DTC, TNT, Intellectual property, Holding company, Management, Bank, Video game, Fine chemical, Risk management, Shareholder, WarnerMedia, Discovery, Globe

AT&T shareholders will continue to hold the same number of shares of AT&T after the transaction closes.

Key Points: 
  • AT&T shareholders will continue to hold the same number of shares of AT&T after the transaction closes.
  • No action is required by AT&Ts shareholders to receive shares of WBD common stock in the merger, when it occurs.
  • The closing of the transaction remains subject to satisfaction of certain conditions, including obtaining all necessary regulatory approvals.
  • The transaction creates substantial value opportunity for AT&T shareholders through AT&Ts expected increased investment in 5G and fiber.

URBN Reports Record Holiday Sales

Retrieved on: 
화요일, 1월 11, 2022
People, Comparable, Movement, News, URBN, ITV Digital Channels, Urban Outfitters, Private Securities Litigation Reform Act, Union, FP, Free People, COVID-19, Total, BHLDN, NASDAQ, Weather, Terrorism, GLOBE, Tax, Company, Climate change, Lists of disasters, Coronavirus, United Kingdom, Transport, Deleveraging, Retail, Anthropologie

Total Company net sales for the two months ended December 31, 2021, increased 14.6% compared to the two months ended December 31, 2019.

Key Points: 
  • Total Company net sales for the two months ended December 31, 2021, increased 14.6% compared to the two months ended December 31, 2019.
  • Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by high single-digit negative retail store sales primarily due to reduced store traffic.
  • Wholesale segment net sales decreased 18% primarily from reducing the Free People Groups sales to promotional wholesale customers.
  • Comparable Retail segment net sales increased 16%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales due to reduced store traffic.Wholesale segment net sales decreased 22% primarily from reducing the Free People Groups sales to promotional wholesale customers.

AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Subsidiaries; Revises Outlooks on Key Subsidiaries

Retrieved on: 
목요일, 12월 16, 2021
Insurance, Professional Services, MA, FSR, Texas Health and Human Services Commission, Long-term care insurance, Risk, Cell, CVS Health, AICL, ALL, Health, Growth, Credit, Allina Health, Aetna, BA, AM, Â, News, Life, NYSE, Medicare, MinuteClinic, COVID-19, LLC, Bermuda, Aetna Health Inc. v. Davila, Data, ERM, Pressure, Baptist Health South Florida, Insurance, Coventry Health Care, Industry, Environment, CVS, AM Best, Deleveraging, Risk management, Health insurance, Tobacco, 3D printing, Medicine, Medicaid

AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICRs of a (Excellent) of Texas Health + Aetna Health Insurance Company (Arlington, TX), as well as Texas Health + Aetna Health Plan, Inc., (Arlington, TX) (collectively referred to as Texas Health Aetna).

Key Points: 
  • AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICRs of a (Excellent) of Texas Health + Aetna Health Insurance Company (Arlington, TX), as well as Texas Health + Aetna Health Plan, Inc., (Arlington, TX) (collectively referred to as Texas Health Aetna).
  • Through strong operational gains and annual cash flows from operations, CVS Health has maintained its repayment plan to lower its outstanding senior debt.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

The GEO Group Announces Change in Corporate Structure

Retrieved on: 
목요일, 12월 2, 2021
Construction & Property, Legal, Professional Services, REIT, 8-K, U.S. Department of Commerce Office of Security, Justice, GEO Group, Rehabilitation, GEO, Review, Bed, Income, Deleveraging, Workforce, C corporation, Forward-looking statement, Company, EBITDA, COVID-19 vaccine, U.S. Department of Justice Office of Legislative Affairs, NYSE, Transport, State government, Angelo Gordon, Contract, REIT, Real estate investment trust, COVID-19, Legislation, CPP Investment Board, Net income, Policy, United Kingdom, Board of directors, Board, Ownership, Securities & Exchange Commission of Pakistan, Life insurance

The decision stems from the Boards evaluation of GEOs corporate tax structure and REIT status, which was announced on April 7, 2021.

Key Points: 
  • The decision stems from the Boards evaluation of GEOs corporate tax structure and REIT status, which was announced on April 7, 2021.
  • The change in corporate status from a REIT to a taxable C Corporation is expected to give GEO additional flexibility to allocate free cash flow towards reducing net recourse debt.
  • Due to the tax related corporate restructuring items, GEO expects to report a loss in Net Income Attributable to GEO for the fourth quarter of 2021 of approximately $69 million.
  • Due to the tax related corporate restructuring items, GEO expects full-year 2021 Net Income Attributable to GEO to be in a range of $70 million to $72 million.

Teleperformance: Upgraded Credit Rating

Retrieved on: 
월요일, 11월 22, 2021
Data Management, Professional Services, Technology, Software, Human Resources, Euronext Paris, Compartment (development), TEP, S&P Europe 350, Compartment, Deleveraging, S&P Global Ratings, Industry, Compliance, STOXX 600, Group, Corporate social responsibility, Twitter, US, Reuters, Social responsibility, S&P, BBB, FTSE4Good Index, CAC 40, Risk management, Sales

Teleperformance (Paris:TEP), a leading global group in digitally integrated business services, announced today that its public long-term corporate credit rating has been upgraded.

Key Points: 
  • Teleperformance (Paris:TEP), a leading global group in digitally integrated business services, announced today that its public long-term corporate credit rating has been upgraded.
  • Standard & Poor's (S&P) has assigned Teleperformance SE an investment grade rating of BBB with a stable outlook, vs. BBB- previously.
  • This reflects Teleperformances leading market position worldwide, good service capabilities, strong operating performance, compelling prospects driven by digital transformation, and solid cash flow generation.
  • Our upgraded credit rating by S&P is the highest received in the industry.

The GEO Group Comments on Unfavorable Jury Verdict and Judgments in the U.S. District Court for the Western District of Washington

Retrieved on: 
목요일, 11월 4, 2021
Construction & Property, Legal, Professional Services, REIT, United States Court of Appeals for the Ninth Circuit, Fair Labor Standards Act of 1938, GEO Group, CoreCivic, State government, Contract, Justice, State, 8-K, GEO, COVID-19 vaccine, United States Court of Appeals for the Fourth Circuit, Person, Policy, U.S. Department of Commerce Office of Security, NYSE, Executive order, Center, United States Department of Justice, The Center, Federation, Company, COVID-19, District court, Electric Bond and Share Company v. Securities and Exchange Commission, ICE, Deleveraging, Privacy Office of the U.S. Department of Homeland Security, Legislation, List, Online gambling, Risk management

The GEO Group (NYSE: GEO) (GEO) commented today on the recent unfavorable jury verdict and combined $23.2 million judgments in the retrial of two cases, State of Washington v. GEO Group and Nwauzor et al.

Key Points: 
  • The GEO Group (NYSE: GEO) (GEO) commented today on the recent unfavorable jury verdict and combined $23.2 million judgments in the retrial of two cases, State of Washington v. GEO Group and Nwauzor et al.
  • v. GEO Group (the lawsuits), in U.S. District Court for the Western District of Washington.
  • The original trial of the lawsuits resulted in a mistrial in June 2021 as that jury was unable to reach a unanimous verdict.
  • GEO strongly disagrees with the verdict and judgments in the retrial of the lawsuits.

Outokumpu increases its financial target on EBITDA run-rate improvement

Retrieved on: 
목요일, 11월 4, 2021
Outokumpu, EBITDA, EUR, Deleveraging, Renewable energy

Outokumpu launched a new strategy in November 2020 and set financial targets by the end of 2022.

Key Points: 
  • Outokumpu launched a new strategy in November 2020 and set financial targets by the end of 2022.
  • The targets included an EBITDA run-rate improvement by EUR 200 million and a reduction of the net debt to EBITDA ratio to below 3.0.
  • With a commitment to continue de-risking the company by the end of 2022, Outokumpu increases its initial EBITDA run-rate improvement target from EUR 200 million to EUR 250 million.
  • Given the strong momentum, we decided to increase the target by EUR 50 million to EUR 250 million by the end of 2022."

LMP Provides Update on its Recapitalization, Finance and Acquisition Closing Timing

Retrieved on: 
금요일, 10월 29, 2021
Workload, Securities Act of 1933, Technology, Chrysler, Industry, LMP, Transport, NASDAQ, SEC, Forward-looking statement, Maintenance, Dodge, Growth, Solution, Acquisition, Deleveraging, GLOBE, Securities Exchange Act of 1934, Financial services, Risk management

FORT LAUDERDALE, FL, Oct. 29, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today provided an update on its recapitalization, finance and acquisition closing timing.

Key Points: 
  • FORT LAUDERDALE, FL, Oct. 29, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today provided an update on its recapitalization, finance and acquisition closing timing.
  • With our announced acquisitions under contract, we are working toward financing the exciting growth at LMP.
  • We plan to fund these acquisitions through a combination of cash, debt financing and equity prior to closing the remaining acquisitions.
  • We anticipate closing on announced acquisitions on a rolling basis, subject to customary closing conditions and manufacturer approvals.

The GEO Group Comments on Favorable Ruling by U.S. Court of Appeals for the Ninth Circuit Against California’s AB32 Law

Retrieved on: 
목요일, 10월 7, 2021
Courts, Law Enforcement, Emergency Services, Public Policy, Government, Public Policy, Construction & Property, REIT, United States Court of Appeals for the Ninth Circuit, AB32, Workforce, Deleveraging, Justice, 8-K, Douglas v. U.S. District Court ex rel Talk America, COVID-19, Contract, Ownership, GEO, GEO Group, District court, Legislation, Privacy Office of the U.S. Department of Homeland Security, California Senate Bill 32, List, U.S. Department of Commerce Office of Security, Electric Bond and Share Company v. Securities and Exchange Commission, Supremacy Clause, Federation, State government, United Kingdom, Assembly, Policy, Rehabilitation, NYSE, Executive order, Bed, United States Department of Justice, COVID-19 vaccine, Circuit court, Online gambling

The GEO Group (NYSE: GEO) (GEO) commented today on the favorable ruling by the U.S. Court of Appeals for the Ninth Circuit (the Ninth Circuit Court of Appeals) in relation to lawsuits filed by GEO and the United States for declaratory and injunctive relief challenging Californias enacted law, Assembly Bill 32 (AB32), which would bar the federal government from engaging government contractors to provide services at federal immigration processing centers.

Key Points: 
  • The GEO Group (NYSE: GEO) (GEO) commented today on the favorable ruling by the U.S. Court of Appeals for the Ninth Circuit (the Ninth Circuit Court of Appeals) in relation to lawsuits filed by GEO and the United States for declaratory and injunctive relief challenging Californias enacted law, Assembly Bill 32 (AB32), which would bar the federal government from engaging government contractors to provide services at federal immigration processing centers.
  • The case is remanded to the U.S. District Court for further proceedings, consistent with the Ninth Circuit Court of Appeals ruling.
  • GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.
  • GEOs worldwide operations include the ownership and/or management of 114 facilities totaling approximately 90,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 20,000 professionals.

Harbor Spring Capital, LLC Comments on Urgent Need for More Substantial Change at Intertrust N.V. Following Announcement of Share Repurchase Program

Retrieved on: 
수요일, 9월 29, 2021
Professional Services, Finance, CIMA, Cayman Islands Monetary Authority, Policy, Financial Oversight and Management Board for Puerto Rico, Development, Evaluation, Morale, Deleveraging, Depression, Capital market, Supervisory board, Weakness, Management, Ownership, Supervision, Share repurchase, Acquisition, Failure, Company, LLC, Prevalence, Leadership, Intertrust, Technology, Cayman Islands, Investment, Time, Industry, Security (finance), Risk management

Since the Companys September 2016 secondary offering, we have continuously maintained a position as one of the Companys largest shareholders.

Key Points: 
  • Since the Companys September 2016 secondary offering, we have continuously maintained a position as one of the Companys largest shareholders.
  • We have increased our stake over time, and since February 2019 we have held 4,487,760 shares, representing nearly 5% ownership of the Company.
  • We believe that Intertrust possesses significant competitive strengths and the potential to be a market-leading company with substantial growth opportunities in the attractive, technology-enabled administrative services industry.
  • Without substantial changes to strategy and governance, Intertrust and its stakeholders would be better served under private ownership.