Credit

Beedie Investments Limited Amends Convertible Loan Facility with Think Research Corporation

Retrieved on: 
Tuesday, November 22, 2022

Vancouver, British Columbia--(Newsfile Corp. - November 22, 2022) - Beedie Investments Limited (the "Beedie") has amended (the "Amendment") its credit agreement dated April 22, 2022 (the "Credit Agreement") with Think Research Corporation ("Think Research" or the "Company"), pursuant to which, amongst other things, Beedie has agreed to advance an additional $3 million (the "Second Advance") under the $25 million non-revolving term convertible loan facility (the "Convertible Facility") provided to Think Research pursuant to the Credit Agreement.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - November 22, 2022) - Beedie Investments Limited (the "Beedie") has amended (the "Amendment") its credit agreement dated April 22, 2022 (the "Credit Agreement") with Think Research Corporation ("Think Research" or the "Company"), pursuant to which, amongst other things, Beedie has agreed to advance an additional $3 million (the "Second Advance") under the $25 million non-revolving term convertible loan facility (the "Convertible Facility") provided to Think Research pursuant to the Credit Agreement.
  • Immediately prior to entering into Amendment, Beedie, directly or indirectly, owned or controlled 1,059,900 Common Shares and the Initial Advance.
  • All of the securities held by Beedie in Think Research, including the Common Shares and the Credit Agreement, are being held for investment purposes.
  • A copy of the early warning report relating to the Credit Agreement will be available under Think Research's profile on SEDAR at www.sedar.com , and may also be obtained by contacting Beedie Investments Limited at 604-435-3321.

SEC Charges S&P Global Ratings with Conflict of Interest Violations

Retrieved on: 
Monday, November 14, 2022

Washington, D.C.--(Newsfile Corp. - November 14, 2022) - The Securities and Exchange Commission today charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - November 14, 2022) - The Securities and Exchange Commission today charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing considerations from influencing credit ratings.
  • The SECs order finds that an issuer engaged S&P to rate a jumbo residential mortgage backed security transaction in July 2017.
  • The SECs investigation was conducted by Jason Litow and Jennifer Brannan and was supervised by Jeffrey Weiss and Yuri B. Zelinsky.
  • James Connor of the Enforcement Divisions Trial Unit and staff of the SECs Office of Credit Ratings assisted with the investigation.

Duelbits Announces World Cup Predictor Game With Bonuses

Retrieved on: 
Tuesday, November 15, 2022

Sofia, Bulgaria--(Newsfile Corp. - November 15, 2022) - Duelbits celebrates the 2022 World Cup with a predictor game and generous prizes.

Key Points: 
  • Sofia, Bulgaria--(Newsfile Corp. - November 15, 2022) - Duelbits celebrates the 2022 World Cup with a predictor game and generous prizes.
  • To mark the excitement around the global football championship this year, Duelbits is announcing their World Cup Predictor Game.
  • The predictions game begins on the Duelbits website on November 7th and ends December 18th.
  • Duelbits' Free To Play World Cup Predictor Game.

EQS-News: Adler Group S.A.: Adler reaches agreement with bondholder group on amendment of note terms and provision of secured debt financing

Retrieved on: 
Sunday, November 27, 2022

The 2023 convertible notes of Adler Group are not subject to the agreement.

Key Points: 
  • The 2023 convertible notes of Adler Group are not subject to the agreement.
  • Adler Group is appreciative of the efforts of the Steering Committee in enabling this important milestone to be achieved.
  • Adler Group has been advised by PJT Partners as financial and White & Case LLP as legal advisor.
  • Adler Group will shortly launch a consent solicitation process to effect certain amendments to the terms and conditions of the Notes.

Overstock to Participate in Credit Suisse 26th Annual Technology Conference

Retrieved on: 
Wednesday, November 23, 2022

SALT LAKE CITY, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading online furniture and home furnishings retailer, announces its participation in the Credit Suisse 26th Annual Technology Conference.

Key Points: 
  • SALT LAKE CITY, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading online furniture and home furnishings retailer, announces its participation in the Credit Suisse 26th Annual Technology Conference.
  • Jonathan Johnson, Chief Executive Officer, andAdrianne Lee, Chief Financial Officer, will participatein investor meetings on November 29, 2022.
  • The conference will be held in-person at The Phoenician in Scottsdale, AZ.
  • We look forward to continuing our dialogue with the investment community and thank Credit Suisse for hosting us at this event.

Blade Air Mobility to Present at Upcoming Investor Conferences

Retrieved on: 
Tuesday, November 22, 2022

NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, Blade or the Company), a technology-powered air mobility platform, today announced that members of its management team will participate in the following investor conferences:

Key Points: 
  • NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, Blade or the Company), a technology-powered air mobility platform, today announced that members of its management team will participate in the following investor conferences:
    Credit Suisse 26th Annual Technology Conference Fireside chat with Rob Wiesenthal, Chief Executive Officer, on Wednesday, November 30, 2022 at 3:00 pm ET.
  • A webcast of the event will be available at the link here .
  • Raymond James Technology Investors Conference Fireside chat with Will Heyburn, Chief Financial Officer, on Wednesday, December 7, 2022 at 9:10 am ET.
  • Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
Tuesday, November 22, 2022

Separately, the Equipment Leasing & Finance Foundations Monthly Confidence Index (MCI-EFI) in November is 43.7, a decrease from the October index of 45.

Key Points: 
  • Separately, the Equipment Leasing & Finance Foundations Monthly Confidence Index (MCI-EFI) in November is 43.7, a decrease from the October index of 45.
  • The MLFI-25 measures monthly commercial equipment lease and loan activity as reported by participating ELFA member equipment finance companies representing a cross section of the equipment finance sector, including small ticket, middle-market, large ticket, bank, captive and independent leasing and finance companies.
  • Based on hard survey data, the responses mirror the economic activity of the broader equipment finance sector and current business conditions nationally.
  • The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods.

FTI Consulting Announces Increase of Senior Secured Revolving Line of Credit to $900.0 Million and Extension of Maturity Date to November 21, 2027

Retrieved on: 
Monday, November 21, 2022

WASHINGTON, Nov. 21, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc.(NYSE: FCN) today announced that it has entered into the second amendment and restatement of its senior secured revolving credit facility (the "Second Amended and Restated Credit Agreement").

Key Points: 
  • WASHINGTON, Nov. 21, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc.(NYSE: FCN) today announced that it has entered into the second amendment and restatement of its senior secured revolving credit facility (the "Second Amended and Restated Credit Agreement").
  • BofA Securities Inc., JP Morgan Chase Bank, N.A., HSBC Securities (USA) Inc. and Truist Securities, Inc. acted as joint lead arrangers and joint book managers.
  • FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional.
  • All forward-looking statements are based upon our expectations at the time we make them and various assumptions.

ECRID Offers Federal Housing Finance Agency (FHFA) Credit & Lending Platform to Immediately Assist Low-Credit and No-Credit Home Buyers, and Others

Retrieved on: 
Monday, November 21, 2022

The ECRID Business-to-Customer (B2C) model operates with transactions between ECRID (business), and its ECRID Credit Report holders/Borrowers (Customers).

Key Points: 
  • The ECRID Business-to-Customer (B2C) model operates with transactions between ECRID (business), and its ECRID Credit Report holders/Borrowers (Customers).
  • The FHFA could accelerate its three-year launch goal for their new credit scoring model by using the ECRID Credit Scoring Model.
  • The ECRID Credit Evaluation Platform is aligned in many regards with the FHFAs new Credit Scoring Model with some additional added benefits for the ECRID Credit Report Holder.
  • The ECRID Credit Scoring Model is the new Credit Platform that could change the entire credit industry for the betterment of the American People.

As Possible Recession Looms, Money Management International Warns Consumers to Prepare for Layoffs

Retrieved on: 
Monday, November 21, 2022

MMI suggests reducing debt as much as possible, particularly as credit card interest rates reach record-high levels.

Key Points: 
  • MMI suggests reducing debt as much as possible, particularly as credit card interest rates reach record-high levels.
  • MMI debt management client Bo Lindberg of Arlington, Virginia knows the scenario all too well.
  • I had saved some money for some time that helped me financially, but it was hard.
  • Money Management International (MMI) is changing how America overcomes financial challenges.