Credit

Amedisys to Present at the Credit Suisse 30th Annual Virtual Healthcare Conference

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Monday, October 25, 2021 - 1:00pm

To access a live webcast of the Amedisys presentation, please log on through our website at http://investors.amedisys.com .

Key Points: 
  • To access a live webcast of the Amedisys presentation, please log on through our website at http://investors.amedisys.com .
  • Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice, personal care and higher acuity care services.
  • More than 2,900 hospitals and 78,000 physicians nationwide have chosen Amedisys as a partner in post-acute care.
  • with an executive office in Nashville, Tenn., Amedisys is a publicly held company.

Accel Entertainment Announces Closing of $900 Million Senior Secured Credit Facility

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Monday, October 25, 2021 - 12:30pm

Accel Entertainment, Inc. (NYSE: ACEL) (Accel), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (Amended Credit Facility) to increase its borrowing capacity from $438 million to $900 million with a new five year term.

Key Points: 
  • Accel Entertainment, Inc. (NYSE: ACEL) (Accel), a leading distributed gaming operator in the U.S., today announced that it has amended its existing senior secured credit facility (Amended Credit Facility) to increase its borrowing capacity from $438 million to $900 million with a new five year term.
  • The Amended Credit Facility consists of a $150 million Revolving Credit Facility, a $350 million Term Loan A and a $400 million Delayed Draw Term Loan.
  • Accel Entertainment CEO Andy Rubenstein commented, We are pleased to announce the successful completion of this amended credit facility and thank our existing and new high-caliber banking partners for their ongoing support and confidence in our future performance.
  • The Credit Facility is made up of a syndicated group of banks.

RH Announces Completion of $2 Billion Debt Financing

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Monday, October 25, 2021 - 11:55am

RH (NYSE: RH) today announced the completion of a $2 billion debt financing (the Term Loan) by means of a Term Loan Credit Agreement through its subsidiary, Restoration Hardware, Inc. (RHI), as the borrower, Bank of America, N.A.

Key Points: 
  • RH (NYSE: RH) today announced the completion of a $2 billion debt financing (the Term Loan) by means of a Term Loan Credit Agreement through its subsidiary, Restoration Hardware, Inc. (RHI), as the borrower, Bank of America, N.A.
  • Gary Friedman, Chairman and Chief Executive Officer of RH, commented, This $2.0 billion debt financing creates substantial optionality as we continue to invest in positioning RH as a market defining, global luxury brand.
  • Jack Preston, Chief Financial Officer of RH, commented, We are pleased with the substantial level of support we received with our first issuance of rated debt.
  • RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market.

Siena College Releases American Values Study: America at a Crossroads

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Monday, October 25, 2021 - 10:30am

Half of the sample say that much of the mainstream media is fake news while 36 percent do not.

Key Points: 
  • Half of the sample say that much of the mainstream media is fake news while 36 percent do not.
  • Asked about four current issues voting rights, a path to citizenship, assault weapons and abortion Americans express their divisions.
  • Americans, across regions, political outlooks, the current partisan divide as well as by gender, race, ethnicity and age, all report believing in and embodying core American values.
  • "The American Values Study is a starting point for a robust national conversation that must end with action," said Dr. Chris Gibson, Former U.S.

Valley Republic Bancorp Reports Third Quarter 2021 Earnings

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Friday, October 22, 2021 - 9:56pm

The merger is expected to close in the fourth quarter of 2021 or the first quarter of 2022.

Key Points: 
  • The merger is expected to close in the fourth quarter of 2021 or the first quarter of 2022.
  • Mr. Voiland said, "I believe the pending merger of Valley Republic Bancorp and TriCo Bancshares will be good for all.
  • Valley Republic Bank, established in 2009, is a wholly owned subsidiary of Valley Republic Bancorp, headquartered in Bakersfield, California.
  • Valley Republic Bank emphasizes professional, high quality banking services provided to a wide range of businesses and professionals.

AM Best Affirms Credit Ratings to Compañía Reaseguradora del Ecuador S.A.

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Friday, October 22, 2021 - 7:02pm

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Compaa Reaseguradora del Ecuador S.A. (Ecua Re) (Ecuador).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ (Good) of Compaa Reaseguradora del Ecuador S.A. (Ecua Re) (Ecuador).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 .

AM Best Affirms Credit Ratings of The American Road Insurance Company

Insurance, Professional Services, Risk management, Industry, AM, AM Best, Insurance, NYSE, ALL, MI, COVID-19, Credit, News, Acquisition, Ford Motor Credit Company, Data, TARIC
Friday, October 22, 2021 - 5:54pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of The American Road Insurance Company (TARIC) (Dearborn, MI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a (Excellent) of The American Road Insurance Company (TARIC) (Dearborn, MI).
  • TARIC is part of an insurance holding company system wholly owned by Ford Motor Credit Company LLC (Ford Credit), which in turn is an indirect, wholly owned subsidiary of Ford Motor Company (Ford) [NYSE: F].
  • 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 .

KBRA Assigns Preliminary Ratings to Mariner Finance Issuance Trust 2021-B

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Friday, October 22, 2021 - 2:32pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-B (MFIT 2021-B), a personal loan asset-backed securities transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-B (MFIT 2021-B), a personal loan asset-backed securities transaction.
  • The notes are collateralized by approximately $361 million of secured and unsecured, fixed-rate, personal loans originated by Mariner Finance, LLC, (Mariner or the Company) as of the September 30, 2021, Statistical Cut-Off Date.
  • KBRA also conducted an operational assessment of Mariner, as well as a review of the transactions legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Marret Receives Three Awards at the 2021 Canadian Hedge Fund Awards

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Friday, October 22, 2021 - 2:08pm

Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Marret Asset Management Inc. is pleased to announce that two of their funds have received a total of three awards at the 2021 Canadian Hedge Fund Awards held on October 19, 2021.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Marret Asset Management Inc. is pleased to announce that two of their funds have received a total of three awards at the 2021 Canadian Hedge Fund Awards held on October 19, 2021.
  • The Annual Canadian Hedge Fund Awards, organized by Alternative IQ, help investors identify the best performing hedge funds by recognizing winners in five performance measures within specific hedge fund categories.
  • This follows on last year's 5 awards received by Marret Enhanced Tactical Fixed Income, Marret Investment Grade Hedged Strategies Fund, and Marret Diversified Opportunities Fund.
  • The Marret Enhanced Tactical Fixed Income Fund, the Marret Investment Grade Hedged Strategies Fund, and the Marret Diversified Opportunities Fund represent all Marret Funds which would have been under consideration for these awards.

AM Best Affirms Credit Ratings of Marble Reinsurance Corporation

Insurance, Professional Services, Risk management, Industry, AM, AM Best, Insurance, Marubeni, ALL, Communication, Risk, COVID-19, Credit, News, Data, FSR
Friday, October 22, 2021 - 1:36pm

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Marble Reinsurance Corporation (Marble Re) (Micronesia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Marble Reinsurance Corporation (Marble Re) (Micronesia).
  • Although the company has relatively high dependence on reinsurance, the risk is mitigated by its high quality and well-diversified reinsurance panel.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests 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 .