Financial law

TCG BDC, Inc. Announces Second Quarter 2021 Financial Results and Declares Third Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.06 per Common Share

Retrieved on: 
Tuesday, August 3, 2021
Finance, Money, Economy, Loans, Financial law, Credit, Property law, Bankruptcy, Second lien loan, Secured loan, Lien, GSO Capital Partners

The Company has investments in two credit funds, Middle Market Credit Fund, LLC (Credit Fund) and Middle Market Credit Fund II, LLC (Credit Fund II), which represented 13.9% of the Company's total investments at fair value.

Key Points: 
  • The Company has investments in two credit funds, Middle Market Credit Fund, LLC (Credit Fund) and Middle Market Credit Fund II, LLC (Credit Fund II), which represented 13.9% of the Company's total investments at fair value.
  • As of June30, 2021, Credit Fund had total investments at fair value of $1,097,258, which comprised 97.8% of first lien senior secured loans and 2.2% of second lien senior secured loans at fair value.
  • As of June30, 2021, Credit Fund II had total investments at fair value of $244,554, which comprised 88.2% of first lien senior secured loans and 11.8% of second lien senior secured loans at fair value.
  • Key drivers of internal risk ratings include financial metrics, financial covenants, liquidity and enterprise value coverage.

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

Retrieved on: 
Tuesday, August 3, 2021
Money, Finance, Economy, Loans, Debt, Credit, Bankruptcy, Financial law, Second lien loan, Secured loan, Subordinated debt, Lien

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for August 2021 of $0.095 per share, payable on September 1, 2021 to stockholders of record as of August 18, 2021.

Key Points: 
  • NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for August 2021 of $0.095 per share, payable on September 1, 2021 to stockholders of record as of August 18, 2021.
  • ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt.
  • PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
  • PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein.

Everi Announces Successful Completion Of $1.0 Billion Debt Refinancing

Retrieved on: 
Tuesday, August 3, 2021
Money, Finance, Economy, Credit, Banking, Mortgage, United States housing bubble, Financial law, Libor, Refinancing, Debt, Unsecured debt

The New Credit Facilities have an interest rate of LIBOR plus 2.50% subject to a 0.50% LIBOR floor.

Key Points: 
  • The New Credit Facilities have an interest rate of LIBOR plus 2.50% subject to a 0.50% LIBOR floor.
  • "The refinancing of our outstanding debt strengthens our balance sheet and provides Everi with substantial added financial flexibility.
  • Our improved operating performance and recent rating agency upgrades helped drive strong interest from the investment community for our refinancing transactions," said Mark Labay, Chief Financial Officer of Everi.
  • In addition, our total outstanding debt is more favorably balanced between secured and unsecured debt.

Redfin Publishes Data from ClimateCheck to Help Consumers Understand the Risk for Fire, Heat, Drought and Storms Over a 30-Year Mortgage

Retrieved on: 
Tuesday, August 3, 2021
Articles, Actuarial science, Financial law, Financial risk, Redfin, Risk, Finance, Climate risk

ClimateCheck, a company that measures an area's risk for climate-related disaster, provides the data to Redfin.

Key Points: 
  • ClimateCheck, a company that measures an area's risk for climate-related disaster, provides the data to Redfin.
  • "By bringing ClimateCheck's data to every location page on Redfin.com, we're making it easy for consumers to make better-informed decisions about buying, selling and renting."
  • ClimateCheck's ratings are based on two factors: an area's future risk, and how much that risk will change over time.
  • "Consumers can now make smarter decisions when evaluating the risks of climate change," said ClimateCheck Principal Cal Inman.

Flooid and SensePass Announce Partnership to Enhance Seamless Customer Payment Experience

Retrieved on: 
Tuesday, August 3, 2021
Payment systems, Money, Articles, Mobile payments, Financial law, Payment, Contactless payment, Payment processor

CINCINNATI and COVENTRY, England, Aug. 3, 2021 /PRNewswire/ -- Flooid, a market-leading unified commerce SaaS platform, today announced a new strategic partnership with SensePass, a digital payment network connecting mobile apps and alternative forms of payment to brick-and-mortar Point-of-Sale (POS) systems for seamless payments.

Key Points: 
  • CINCINNATI and COVENTRY, England, Aug. 3, 2021 /PRNewswire/ -- Flooid, a market-leading unified commerce SaaS platform, today announced a new strategic partnership with SensePass, a digital payment network connecting mobile apps and alternative forms of payment to brick-and-mortar Point-of-Sale (POS) systems for seamless payments.
  • Partnering with SensePass enables Flooid's POS, MPOS and SCO clients to accept a variety of alternative payment methods, e-wallets, payments apps and fintech via the SensePay platform.
  • SensePay is an omnichannel payments network, connecting multiple payment methods and financial services to allow seamless user experiences across channels.
  • "SensePass is very excited to partner with Flooid and to provide their customers in the US and EMEA with a robust digital network of seamless payment options, as well as functionality that enables contactless payment.

Amundi Physical Metals plc: Final Terms

Retrieved on: 
Tuesday, August 3, 2021
Financial markets, Security, Stock market, Finance, Financial law, Fixed-income securities, Structured finance

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement".
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.
  • Any early or final redemption of the ETC Securities of a Series will be settled in cash.

Form 8.3 - The Vanguard Group, Inc.: UDG Healthcare plc

Retrieved on: 
Tuesday, August 3, 2021
Stock market, Financial law, Security, Derivative, Electronic voting, Finance, Articles, Human activities, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO

ROYAL FINANCIAL ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of RYFL and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, August 2, 2021
Corporate finance, Derivative, Financial law, Wagering, Mergers and acquisitions, Economy, Articles, Business

On July 29, 2021, Royal announced that it had entered into an agreement to merge with Finward in a deal valued at approximately $52.9 million.

Key Points: 
  • On July 29, 2021, Royal announced that it had entered into an agreement to merge with Finward in a deal valued at approximately $52.9 million.
  • Bragar Eagel & Squire is concerned that Royals board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Royals stockholders.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Supply Wisdom® Named Third-Party Risk Product of the Year

Retrieved on: 
Monday, August 2, 2021
Supply chain management, Retail, Data management, Technology, Software, Risk, Financial law, Articles, Operational risk, Security, Data security, Information technology management, Credit risk, Financial risk, IT risk, Supply chain management, Retail, Data management, Technology, Software, Risk, Financial law, Articles, Operational risk, Security, Data security, Information technology management, Credit risk, Financial risk, IT risk, Supply Wisdom, the Risk.net Awards, SUPPLY WISDOM, THE RISK.NET AWARDS

Supply Wisdom the leader in continuous risk intelligence and risk actions -- announced today its recognition as the Third-Party Risk Product of the Year by the Risk.net 2021 Risk Technology Awards.

Key Points: 
  • Supply Wisdom the leader in continuous risk intelligence and risk actions -- announced today its recognition as the Third-Party Risk Product of the Year by the Risk.net 2021 Risk Technology Awards.
  • We are incredibly proud to be recognized as the Third-Party Risk Product of the Year, said Atul Vashistha, CEO of Supply Wisdom.
  • Supply Wisdom solutions deliver continuous risk intelligence across the widest risk aperture enabling enterprises to understand the health and risks of their supply chain in near real-time, thereby minimizing the risks of disruption facing their business, supply chains and third parties.
  • These awards include 21 categories, focusing on enterprise risk, operational risk and credit risk.

Form 8.3 - The Vanguard Group, Inc.: UDG Healthcare plc

Retrieved on: 
Friday, July 30, 2021
Stock market, Financial law, Security, Derivative, Electronic voting, Finance, Articles, Human activities, Regulation S-K

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.
  • Is a Supplemental Form 8 attached?
  • (Note 9) NO