Credit

Supreme Cannabis Amends Credit Facility

Monday, September 21, 2020 - 10:55pm

TORONTO, Sept. 21, 2020 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announces that it has entered into an agreement (the "Credit Facility Amendment") with its lenders to amend the three-year term credit facility initially announced on November 14, 2019 (the "Credit Facility").

Key Points: 
  • TORONTO, Sept. 21, 2020 /PRNewswire/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announces that it has entered into an agreement (the "Credit Facility Amendment") with its lenders to amend the three-year term credit facility initially announced on November 14, 2019 (the "Credit Facility").
  • With the Credit Facility Amendment, the Credit Facility remains with a three-year term and has an amended term loan of $57.2 million and a revolving credit facility limit of $7.0 million.
  • The disclosure in this news release relating to the Credit Facility and the Credit Facility Agreement is qualified in its entirety by the full text of such documents, copies of which are or will be filed on www.sedar.com .
  • The Supreme Cannabis Company, Inc. , (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is a global diversified portfolio of distinct cannabis companies, products and brands.

Global Sukuk Markets, 2014-2019 & 2020-2025 - Islamic Banking Institutions are Seeking Strategic Partnerships with Foreign Institutions

Monday, September 21, 2020 - 5:30pm

A Sukuk is a financial certificate that is issued in Islamic countries for representing the share of ownership in a portfolio of existing or eligible assets.

Key Points: 
  • A Sukuk is a financial certificate that is issued in Islamic countries for representing the share of ownership in a portfolio of existing or eligible assets.
  • Islamic law prohibits the lending of money with interest payments, thereby forbidding the use of conventional bonds for financial transactions.
  • Also, various Islamic banking institutions are seeking strategic partnerships with foreign institutions to participate in trade with other countries.
  • Looking forward, the report expects the global sukuk market to continue its moderate growth during the next five years.

NerdWallet Welcomes Lynee Luque as VP of People

Monday, September 21, 2020 - 5:00pm

SAN FRANCISCO, Sept. 21, 2020 /PRNewswire/ -- NerdWallet , a website and app that provides financial guidance to more than 160 million consumers every year, welcomes Lynee Luque as its new Vice President of People.

Key Points: 
  • SAN FRANCISCO, Sept. 21, 2020 /PRNewswire/ -- NerdWallet , a website and app that provides financial guidance to more than 160 million consumers every year, welcomes Lynee Luque as its new Vice President of People.
  • Luque will be part of NerdWallet's executive leadership team, leading the HR, Workplace and Talent teams.
  • "I'm excited to join NerdWallet because I see evidence of a strong and healthy culture rooted in doing what's rightfor both Nerds and users," said Lynee Luque, VP of People at NerdWallet.
  • Luque joins NerdWallet from Envoy, where she was VP and Head of People, directly overseeing the Workplace, Talent, Acquisition, HR, IT and Facilities teams that helped build the unique Envoy Employee Experience.

Credit Card Products for a New User Environment, 2020 Report - Changing Payment Methods Since COVID-19 - ResearchAndMarkets.com

Monday, September 21, 2020 - 3:52pm

The "Credit Card Products for a New User Environment" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Card Products for a New User Environment" report has been added to ResearchAndMarkets.com's offering.
  • This research, Credit Card Products for a New User Environment, indicates a shift in credit and debit patterns.
  • "You cannot simply throw rewards at consumers and expect profitable market share," comments Brian Riley, Director, Credit Advisory, and the author of the research note Credit Card Products for a New User Environment.
  • It might be balance sheet lending or asset-backed securitizations enabling the credit card lender, but without the investment, card lending will cease.

AM Best Assigns Issue Credit Rating to OneAmerica Financial Partners, Inc.’s Senior Unsecured Notes

Monday, September 21, 2020 - 3:34pm

AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of a- to the $400 million 4.25% senior unsecured notes, due Oct. 15, 2050, issued by OneAmerica Financial Partners, Inc. (OneAmerica).

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of a- to the $400 million 4.25% senior unsecured notes, due Oct. 15, 2050, issued by OneAmerica Financial Partners, Inc. (OneAmerica).
  • The outlook assigned to this Credit Rating (rating) is stable, which is in line with the outlook of OneAmericas Long-Term Issuer Credit Rating.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Darling Ingredients Amends and Extends its Senior Secured Credit Facility

Monday, September 21, 2020 - 1:00pm

IRVING, Texas, Sept. 21, 2020 /PRNewswire/ --Darling Ingredients Inc. (NYSE: DAR), today announced that it has amended and extended its $1.0 billion Senior Secured Credit Facility.

Key Points: 
  • IRVING, Texas, Sept. 21, 2020 /PRNewswire/ --Darling Ingredients Inc. (NYSE: DAR), today announced that it has amended and extended its $1.0 billion Senior Secured Credit Facility.
  • The amendment extends the maturity date of the revolving credit facility under the credit agreement from December 16, 2021 to September 18, 2025.
  • "We are pleased to complete the amendment and extension of our credit facility ahead of schedule," said Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients.
  • The Company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients.

Timbercreek Financial Exercises Accordion Feature of its Revolving Credit Facility and Announces Redemption of 5.40% Convertible Unsecured Debentures

Monday, September 21, 2020 - 1:00pm

TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) is pleased to announce that it has entered into an amendment to its existing revolving credit facility (Credit Facility) in order to, among other things, exercise a portion of the accordion feature of the Credit Facility.

Key Points: 
  • TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) is pleased to announce that it has entered into an amendment to its existing revolving credit facility (Credit Facility) in order to, among other things, exercise a portion of the accordion feature of the Credit Facility.
  • The exercise of the accordion feature has increased the total revolving commitment of the lenders under the Credit Facility by $35,000,000, bringing the aggregate limit under the Credit Facility to $535,000,000.
  • The Company also announces that it has issued a notice of redemption to holders of the 5.40% convertible unsecured subordinated debentures due July 31, 2021 (the Debentures), representing a redemption in full of all of the currently outstanding Debentures.
  • The Company intends to draw from its Credit Facility to fund the redemption price plus accrued and unpaid interest.

Benefitfocus Adds PayActiv as Financial Wellness Partner

Thursday, September 17, 2020 - 9:15pm

PayActiv, a Public Benefit Corporation and Certified B-Corp, is a holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages.

Key Points: 
  • PayActiv, a Public Benefit Corporation and Certified B-Corp, is a holistic financial wellness platform that gives employees on-demand access to earned but unpaid wages.
  • Businesses that partner with PayActiv see significant cost reductions through increased recruitment, engagement and retention.
  • Employees love PayActiv because it eliminates the expensive between-paychecks tolls of payday loans, bank overdrafts and late fees.
  • PayActiv also offers a suite of financial services that include savings and budgeting tools, bill payment and financial health measurement.

First Resource Bank Completes $6 Million Subordinated Debt Offering

Thursday, September 17, 2020 - 5:52pm

EXTON, Pa., Sept. 17, 2020 /PRNewswire/ --First Resource Bank (OTCQX: FRSB) announced the completion of its $6 million subordinated notes offering.

Key Points: 
  • EXTON, Pa., Sept. 17, 2020 /PRNewswire/ --First Resource Bank (OTCQX: FRSB) announced the completion of its $6 million subordinated notes offering.
  • "We are delighted to announce the successful completion of our subordinated debt offering," commented First Resource Bank President & CFO, Lauren Ranalli.
  • About First Resource Bank First Resource Bank is a locally owned and operated Pennsylvania state-chartered bank, serving the banking needs of businesses, professionals and individuals in the Delaware Valley.
  • First Resource Bank disclaims any intent or obligation to update publicly any of the forward-looking statements herein, whether in response to new information, future events or otherwise.

Experian Finds 89 Percent of Lenders Believe Alternative Credit Data Improves Financial Access for Consumers Seeking Credit During COVID-19 Pandemic

Thursday, September 17, 2020 - 11:03am

At the same time, 96 percent of lenders believe using alternative credit data allows them to more closely evaluate consumer creditworthiness in times of economic stress.

Key Points: 
  • At the same time, 96 percent of lenders believe using alternative credit data allows them to more closely evaluate consumer creditworthiness in times of economic stress.
  • Alternative credit data, sometimes called expanded FCRA-regulated credit data, refers to information not traditionally included in credit reports.
  • Incorporating alternative credit data into credit decisioning can help consumers with limited or no credit histories gain access to financial services while providing a clearer picture of a prospective borrowers creditworthiness.
  • Additional State of Alternative Credit Data report findings include:
    Experian conducted two national online surveys with both credit providers and consumers regarding attitudes, awareness and use of alternative credit data.