Deleveraging

Canadians Demonstrate Financial Resiliency, but Remain Cautious about Credit and Spending, Focusing on Paying Down Debt

Retrieved on: 
화요일, 9월 28, 2021
Generation Z, Gen, Solution, Deleveraging, Income, TransUnion, Optimism, Generation X, Prevalence, Telecommunication, COVID-19, Fraud, Research, Government, Baby boomers, GLOBE, Animal, Cryptocurrency, Online shopping

Despite this optimism, Canadians have continued to defer discretionary spend and generally remain cautious about taking on new or additional credit, although there are some generational differences.

Key Points: 
  • Despite this optimism, Canadians have continued to defer discretionary spend and generally remain cautious about taking on new or additional credit, although there are some generational differences.
  • As the economy reopens, Canadians have remained resilient and are hopeful about their financial futures, said Matt Fabian, director of financial services research and consulting at TransUnion.
  • As the financial effects of the pandemic subside, Canadians continue to actively deleverage and pay down debt.
  • While credit performance remains healthy in Canada, and despite consumers overall positive financial outlook, many are holding off on taking on additional credit.

The GEO Group Enters Into Six-Month Contract Extension With U.S. Marshals Service for Western Region Detention Facility

Retrieved on: 
화요일, 9월 21, 2021
Public Policy, Government, Construction & Property, REIT, Law Enforcement, Emergency Services, Policy, Executive Order 14006, Compliance, Friends, Justice, United States Department of Justice, State government, Workforce, Transport, Deleveraging, GEO Group, 8-K, U.S. Securities and Exchange Commission, Executive order, Ownership, GEO, COVID-19 vaccine, United Kingdom, Rehabilitation, Legislation, COVID-19, Facility, Contract, Bed, NYSE, USMS, Risk management

The GEO Group (NYSE: GEO) (GEO) announced today that effective October 1, 2021, it has entered into a six-month contract extension with the U.S.

Key Points: 
  • The GEO Group (NYSE: GEO) (GEO) announced today that effective October 1, 2021, it has entered into a six-month contract extension with the U.S.
  • Marshals Service (USMS) for the 770-bed Western Region Detention Facility in San Diego, California, allowing the Facility and its approximately 300 employees and union members to continue to provide high quality services on behalf of the USMS.
  • GEOs Western Region Detention Facility contract with the USMS was operating under a two-year option period which was scheduled to end on September 30, 2021.
  • As a result, the efforts to keep the Western Region Detention Facility in operation have received the support of a diverse group of bipartisan and non-partisan stakeholders.

The GEO Group Provides Update on U.S. Marshals Service Contract for Western Region Detention Facility in San Diego

Retrieved on: 
목요일, 9월 9, 2021
Commercial Building & Real Estate, Construction & Property, REIT

One of these direct contracts involves the 770-bed Western Region Detention Facility in San Diego, California.

Key Points: 
  • One of these direct contracts involves the 770-bed Western Region Detention Facility in San Diego, California.
  • Any alternative to the San Diego location of the USMS detention facility is likely to be in Central or Northern California.
  • Such a distant alternative location will impact the timely access by friends, relatives, and legal representatives of individuals presently housed at the Western Region Detention Facility in San Diego.
  • As a result, the efforts to keep the Western Region Detention Facility in operation have received the support of a diverse group of bipartisan and non-partisan stakeholders.

Exela Technologies Reports Significant Boost to Cash and Cash Equivalents to over $205 Million and Remains on Path to Deleverage

Retrieved on: 
수요일, 7월 7, 2021
Debt, Business cycle, Deleveraging, Economy, Cash and cash equivalents, Articles

As an initial step, Exela intends to target an annual debt service reduction of $25 million.

Key Points: 
  • As an initial step, Exela intends to target an annual debt service reduction of $25 million.
  • The higher liquidity will help us better leverage our tech enabled business services model by enabling us to fund our growth.
  • Furthermore, the targeted $25 million permanent reduction in annual debt service creates significant value to equity holders as the Company executes its strategic deleveraging.
  • As of June 30, 2021, the Company had over $205 million of cash and cash equivalents.

Atlas Technical Consultants Acquires O’Neill Service Group

Retrieved on: 
수요일, 7월 7, 2021
Business cycle, Debt, Deleveraging, Atlas, Economy, Articles

AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (Atlas or the Company), a leading Infrastructure and Environmental solutions provider, announced today that it has completed the acquisition of ONeill Service Group (OSG), a premier construction quality assurance and environmental services firm.

Key Points: 
  • AUSTIN, Texas, July 07, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (Atlas or the Company), a leading Infrastructure and Environmental solutions provider, announced today that it has completed the acquisition of ONeill Service Group (OSG), a premier construction quality assurance and environmental services firm.
  • OSGs addition to Atlas will also help in deleveraging Atlas balance sheet.
  • OSGs founder, Dennis ONeill, will continue to lead the OSG team in coordination with Atlas senior leadership.
  • Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets.

Hasbro Completes Sale of eOne Music Business

Retrieved on: 
화요일, 6월 29, 2021
Entertainment, Retail, Other Entertainment, Other Retail, Online, Music, Specialty, Companies, EOne Music, Entertainment One, Debt, Hasbro, Deleveraging, SESAC

Hasbro, Inc. (NASDAQ:HAS) announced today that it has completed the sale of the Entertainment One Music business (eOne Music) for an aggregate purchase price of $385 million in cash to entities controlled by Blackstone, which also own SESAC, a leading music rights organization.

Key Points: 
  • Hasbro, Inc. (NASDAQ:HAS) announced today that it has completed the sale of the Entertainment One Music business (eOne Music) for an aggregate purchase price of $385 million in cash to entities controlled by Blackstone, which also own SESAC, a leading music rights organization.
  • The music group will now operate as a separate business unit headed by its current Global President, music industry veteran Chris Taylor, and will focus on building a creator-first music brand with global scale and expertise.
  • Hasbro intends to use its net proceeds from the sale to accelerate deleveraging and other general corporate purposes.
  • Among other things, these forward-looking statements include statements regarding the intended uses of the proceeds from the sale of the eOne Music; benefits of the transaction; and deleveraging plans.

My Alarm Center Announces Completion of Deleveraging and Recapitalization Transaction Providing it with Significant Capital Available for Acquisitions

Retrieved on: 
금요일, 6월 11, 2021
Business cycle, Debt, Deleveraging, Alarm device, Articles, Safety, Economy

NEWTOWN SQUARE, Pa., June 11, 2021 /PRNewswire/ -- My Alarm Center ("the Company") today announced that it has successfully completed a deleveraging and recapitalization transaction.

Key Points: 
  • NEWTOWN SQUARE, Pa., June 11, 2021 /PRNewswire/ -- My Alarm Center ("the Company") today announced that it has successfully completed a deleveraging and recapitalization transaction.
  • My Alarm Center is the 7th largest residential home security provider in the United States.
  • My Alarm Center has been a leader in acquisitions of accounts and businesses in the residential home security industry for over 20 years.
  • Alarm Capital Alliance is the acquisition vehicle of My Alarm Center, and it dominates a critical industry niche of providing capital through acquisitions to small and midsized residential home security companies.

Occidental Announces Continued Progress on Divestment Program with the Sale of Non-Strategic Permian Basin Acreage for $508 Million and Reaffirms 2021 Capital and Production Guidance

Retrieved on: 
목요일, 6월 10, 2021
Finance, Money, Businesspeople, Vicki Hollub, Corporate finance, Deleveraging, Holub, Divestment, Interlingue, Lluís Companys

We continue to advance our divestiture and deleveraging goals while delivering value for our shareholders, said President and Chief Executive Officer Vicki Hollub.

Key Points: 
  • We continue to advance our divestiture and deleveraging goals while delivering value for our shareholders, said President and Chief Executive Officer Vicki Hollub.
  • The companys 2021 guidance for capital and production remains unchanged.
  • Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America.
  • Actual results may differ from anticipated results, sometimes materially, and reported results should not be considered an indication of future performance.

U. S. Steel Announces Sale of Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 Million

Retrieved on: 
화요일, 6월 8, 2021
Rail, Transport, Manufacturing, Steel, Business cycle, Debt, Deleveraging, Finance, Transtar, New York Stock Exchange, U.S. Steel, Fortress Transportation and Infrastructure Investors, Companies, Money

United States Steel Corporation (NYSE: X) (U. S. Steel or the "Company") announced today that it has agreed to sell Transtar, LLC to an affiliate of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (FTAI) for $640 Million.

Key Points: 
  • United States Steel Corporation (NYSE: X) (U. S. Steel or the "Company") announced today that it has agreed to sell Transtar, LLC to an affiliate of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) (FTAI) for $640 Million.
  • A new financial structure which will unlock immediate incremental value for U. S. Steel stockholders by monetizing a non-core asset.
  • U. S. Steel plans to use the proceeds of the sale to further strengthen its balance sheet, including deleveraging.
  • Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer.

Safe Bulkers, Inc. Announces Voluntary Prepayments of $21.2 million of Debt as Part of its Deleveraging Strategy

Retrieved on: 
목요일, 6월 3, 2021
Debt, Business cycle, Deleveraging, Forward-looking statement, Articles, Economy

MONACO, June 03, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in the context of its deleveraging strategy the Company has voluntarily prepaid $21.2 million of debt.

Key Points: 
  • MONACO, June 03, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in the context of its deleveraging strategy the Company has voluntarily prepaid $21.2 million of debt.
  • Dr. Loukas Barmparis, President of the Company commented: The Company is accelerating its deleveraging strategy, by voluntarily prepaying debt with the objective of creating a clear path towards a modern, energy-efficient fleet with low leverage.
  • Words such as expects, intends, plans, believes, anticipates, hopes, estimates and variations of such words and similar expressions are intended to identify forward-looking statements.
  • Actual results may differ materially from those expressed or implied by such forward-looking statements.