Loan | Jotup

MFA Financial, Inc. Announces First Quarter 2024 Financial Results

Retrieved on:

måndag, maj 6, 2024

Professional Services, Finance, Internet, Loan, Transition, REO, SFR, Risk management, MFA, Eastern Time Zone, GAAP, UPB

MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2024:

Key Points:

MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the first quarter ended March 31, 2024:
MFA generated GAAP net income for the first quarter of $15.0 million, or $0.14 per basic and diluted common share.
MFA paid a regular cash dividend of $0.35 per common share on April 30, 2024.
MFA closed the quarter with unrestricted cash of $306.3 million.
MFA Financial, Inc. plans to host a live audio webcast of its investor conference call on Monday, May 6, 2024, at 11:00 a.m. (Eastern Time) to discuss its first quarter 2024 financial results.

DeFi Technologies Subsidiary Valour Inc. Pays Down US$19.5 Million in Outstanding Loans, Thereby Increasing Digital Asset Collateral for Revenue Generation

Retrieved on:

tisdag, maj 7, 2024

BTC, The Company, Financial management, OTC, Loan, CBOE, ETH, Security (finance)

As of April 30, 2024, and due to favourable business conditions, Valour has fully repaid balances of US$6 million and US$13.5 million, which were secured by BTC and ETH collateral, respectively.

Key Points:

As of April 30, 2024, and due to favourable business conditions, Valour has fully repaid balances of US$6 million and US$13.5 million, which were secured by BTC and ETH collateral, respectively.
This strategic financial management will result in substantial savings for Valour, eliminating monthly interest expense of approximately US$226,000, or US$2,712,000 annually.
Furthermore, the repayment of the Loans released digital asset collateral back into Valour's operational fold (approximately 100 BTC and 5,000 ETH).
These digital assets, previously tied up as collateral, are now available to be staked and generate additional top-line revenue for Valour.

Evergreen Home Loans™ Wins Top 50 Mortgage Company

Retrieved on:

tisdag, april 30, 2024

Evergreen, Loan

BELLEVUE, Wash., April 30, 2024 /PRNewswire/ -- Evergreen Home Loans , a full-service direct home loan lender offering origination, funding, and servicing in the Western U.S., announced its recognition as a Top 50 Mortgage Company.

Key Points:

BELLEVUE, Wash., April 30, 2024 /PRNewswire/ -- Evergreen Home Loans , a full-service direct home loan lender offering origination, funding, and servicing in the Western U.S., announced its recognition as a Top 50 Mortgage Company.
This accolade highlights our commitment to not just excel in the industry but to also provide our Loan Officers with groundbreaking tools and products that set them apart.
Our suite of exclusive products includes:
CashUp™ by Evergreen: A unique program enabling clients to make robust cash offers, thereby giving our Loan Officers a competitive edge.
In a further testament to our commitment to excellence, we are thrilled to celebrate 15 of our Loan Officers who have achieved Top 1% Mortgage Loan Originator status nationwide.

Orion Group Holdings Reports First Quarter 2024 Results

Retrieved on:

onsdag, april 24, 2024

Loan, Central Time, FCCR, Conference, Artificial intelligence, Orion, LNG, Pearl Harbor, Consolidated, Adjustment, Concrete

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024.

Key Points:

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024.
First quarter 2024 net loss included $2.1 million ($0.07 diluted income per share) of non-recurring items.
Orion Group Holdings will host a conference call to discuss results for the first quarter 2024 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time on Thursday, April 25, 2024.
To participate, please call (844) 481-2994 and ask for the Orion Group Holdings Conference Call.

Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3%

Retrieved on:

måndag, april 22, 2024

Loan, Bank, NPAS, Federal, Safety, Growth, Airline

GLENVILLE, N.Y., April 22, 2024 (GLOBE NEWSWIRE) --

Key Points:

Average loan growth increased 5.2% or $249.4 million for the first quarter 2024 over the same period in 2023.
Non-performing loans are steady and charge-offs resulted in a net recovery this quarter, consistent with our commitment to excellent credit quality.
Average residential loans, our primary lending focus, were up $146.6 million, or 3.5%, in the first quarter 2024 over the same period in 2023.
The allowance for credit losses on loans was $49.2 million at March 31, 2024, compared to $46.7 million at March 31, 2023.

Lithium Americas Closes US$275 Million Underwritten Public Offering

Retrieved on:

måndag, april 22, 2024

Lithium, Indian stock exchange, DOE, Loan, Offering, Lithium Corporation of America, Promise, TSX, Engineering, Tranche, GM, Thacker Pass Lithium Mine, Bank

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.

Key Points:

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”).
The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.
The net proceeds from the Offering are intended to be used to fund the advancement of construction and development of the Company’s Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass”).
At the same time, the Offering and GM funding will allow the Company to meet the financing-related condition relating to closing the DOE Loan conditional commitment (the “Conditional Commitment”).

Lithium Americas Prices US$275 Million Underwritten Public Offering

Retrieved on:

torsdag, april 18, 2024

VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the pricing of its previously announced underwritten public offering (the “Offering”) of 55,000,000 of its common shares (the “Common Shares”) at a price to the public of $5.00 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of $275,000,000.

Key Points:

VANCOUVER, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the pricing of its previously announced underwritten public offering (the “Offering”) of 55,000,000 of its common shares (the “Common Shares”) at a price to the public of $5.00 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of $275,000,000.
The Company intends to use the net proceeds of the Offering for advancing the construction and development of its Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass”), as further described in the Prospectus Supplements.
The Offering will be made in the United States by way of a prospectus supplement (the “U.S.
The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the proposed Offering.

Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing Costs

Retrieved on:

torsdag, april 18, 2024

During 2023, for example, the Company incurred interest expense and fees related to the ABL Facility of $1.9 million.

Key Points:

During 2023, for example, the Company incurred interest expense and fees related to the ABL Facility of $1.9 million.
With the pay-off and termination of the ABL Facility, the Company will have no loan balance outstanding and incur no interest expense under the facility going forward; further, the lien on all of the Company’s assets associated with the ABL Facility will be released.
During the week of April 15, 2024, the Company notified Siena and paid the outstanding balance and related termination fees on the ABL Facility of approximately $3.0 million.
James Avery, a member of the Company’s Board of Directors, currently serves as Senior Managing Director of Tavistock Group, an affiliate of South Ocean Funding, LLC.

KADESTONE CAPITAL CORP. ANNOUNCES AMENDED AND RESTATED LOAN AGREEMENT

Retrieved on:

torsdag, april 25, 2024

Loan, NOT, News, Creditor, Finance Secretary (India), The Company

The aggregate amount of the Loan has increased from $10,000,000 to $10,973,540, which includes $973,540 of accrued interest, and has been extended to May 1, 2028 (the "Maturity Date").

Key Points:

The aggregate amount of the Loan has increased from $10,000,000 to $10,973,540, which includes $973,540 of accrued interest, and has been extended to May 1, 2028 (the "Maturity Date").
The outstanding principal amount of the Loan, together with unpaid and accrued interest thereon, is payable in full at the Maturity Date.
The Restated Loan Agreement provides the Lender with equity participation rights and a right of first offer with respect to the financing of future real estate development projects.
The other terms of the original loan agreement remain unchanged.

KPMG Announces Google Cloud Center of Excellence to Advance Responsible Adoption of Generative AI

Retrieved on:

onsdag, april 3, 2024

Cloud, Arvest Bank, Google Cloud, KPMG, Organization, Forecasting, Trust (social science), Partnership, Business, Loan, Strategic planning, AI, COE, Treasury management, Fortune 500, KPMG LLP, Workforce, Treasury, Sales

KPMG will bring Google Cloud technology to its workforce and build trusted GenAI solutions that accelerate business transformation for clients

Key Points:

The expanded partnership features the establishment of a KPMG Google Cloud Center of Excellence (CoE) that will combine Google Cloud's leading AI technologies with KPMG's industry knowledge and deep functional expertise to support business transformation for enterprise clients.
The CoE will combine Gemini AI models, Vertex AI and other leading Google Cloud technology with KPMG industry and product expertise, to help enterprises drive and deploy generative AI innovation.
As part of the CoE, Google Cloud will work with KPMG to upskill KPMG professionals on Google Cloud AI technologies.
This will help rapidly boost existing GenAI skills and help KPMG further deliver generative AI solutions to drive innovation for KPMG clients and the firm itself.