Payoff, Inc.

IAA Loan Payoff™ Enhanced with Lease Functionality

Retrieved on: 
Tuesday, July 20, 2021

IAA estimates well over 5 million vehicles are declared a total loss each year, with up to 70% of those vehicles carrying a loan.

Key Points: 
  • IAA estimates well over 5 million vehicles are declared a total loss each year, with up to 70% of those vehicles carrying a loan.
  • IAA Loan Payoff, the industrys premier technology connecting insurance companies and automotive lenders to pay off loans on total loss vehicles, is the first platform in the vehicle salvage industry to extend that functionality to pay off leases on total loss vehicles to its partners.
  • With each new digital claims solution, IAA strives to ease pain points for its insurance provider customers, said Tim ODay, President of U.S. Operations for IAA.
  • Launched in November of 2019, IAA Loan Payoff has thousands of lenders in its multi-tiered network and has shown continuous growth.

WSFS Announces Execution of $100 Million Senior Debt Call

Retrieved on: 
Tuesday, June 15, 2021

WILMINGTON, Del., June 15, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, today announced that it has called $100million of senior debt with a coupon rate of 4.50% fixed-to-floating rate senior notes due 2026.

Key Points: 
  • WILMINGTON, Del., June 15, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, today announced that it has called $100million of senior debt with a coupon rate of 4.50% fixed-to-floating rate senior notes due 2026.
  • We are pleased to announce the execution of our planned payoff of senior debt, said Dominic C. Canuso, WSFS Executive Vice President and Chief Financial Officer.
  • This transaction positively impacts both our income statement and balance sheet by lowering debt levels and interest expense.
  • As part of the transaction, WSFS expects to incur additional interest expense of $1.1 million in Q2 2021, to recognize the remaining unamortized debt issuance costs associated with the 2016 senior notes.

SEACOR Marine Announces Debt Payoff Agreement

Retrieved on: 
Friday, June 11, 2021

HOUSTON, June 11, 2021 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the Company or SEACOR Marine), a leading provider of marine and support transportation services to offshore energy facilities worldwide, announced that Falcon Global USA LLC (FGUSA), an indirect subsidiary of SEACOR Marine, entered into a second amendment and conditional payoff agreement (the Conditional Payoff Agreement) in respect of the credit facility of FGUSA, as borrower, and certain of its subsidiaries, dated as of February 8, 2018 administered by JPMorgan Chase Bank, N.A.

Key Points: 
  • HOUSTON, June 11, 2021 (GLOBE NEWSWIRE) -- SEACOR Marine Holdings Inc. (NYSE:SMHI) (the Company or SEACOR Marine), a leading provider of marine and support transportation services to offshore energy facilities worldwide, announced that Falcon Global USA LLC (FGUSA), an indirect subsidiary of SEACOR Marine, entered into a second amendment and conditional payoff agreement (the Conditional Payoff Agreement) in respect of the credit facility of FGUSA, as borrower, and certain of its subsidiaries, dated as of February 8, 2018 administered by JPMorgan Chase Bank, N.A.
  • SEACOR Marine has provided a limited guaranty with respect to the obligations of FGUSA under the Conditional Payoff Agreement.
  • After giving effect to the payoff of the FGUSA Credit Facility and based on SEACOR Marines total debt reported as of March 31, 2021, SEACOR Marines total debt will be reduced by $112.5 million, resulting in total debt of $354.2 million, a 24.1% reduction from the $466.7 million of total debt reported as of March 31, 2021.
  • SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide.

Green Stream Holdings Further Reduces Convertible Debt by $147,200

Retrieved on: 
Monday, March 1, 2021

GSFI Finalizes Payoff of Convertible Promissory Note to Quick Capital, LLC

Key Points: 
  • Green Stream Holdings, Inc. is actively pursuing settlement, retirement and/or payoff of all remaining debt in the Company and anticipates announcing the elimination of all convertible debt by end of Q2 2021 in preparation for application to OTCQB Venture Market.
  • To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
  • where you can view Green Stream's news, filings and even a live Level 2 stream, along with other company information.
  • Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.

Green Stream Holdings Further Reduces Convertible Debt by $133,775.35

Retrieved on: 
Thursday, February 18, 2021

GSFI Finalizes Payoff of Convertible Promissory Note to EMA Financial, LLC

Key Points: 
  • Brooklyn, New York--(Newsfile Corp. - February 18, 2021) - Green Stream Holdings Inc. (OTC Pink: GSFI) ("the Company") ( http://www.GreenRainSolar.com ), an emerging leader in the solar utility and finance space, announces today, the Convertible Promissory Note of Green Stream Holdings Inc. in favor of EMA Financial, LLC dated November 5, 2020, in the amount of $100,000.00 has been prepaid.
  • Green Stream Holdings, Inc. is actively pursuing settlement, retirement and/or payoff of all remaining debt in the Company and anticipates the elimination of all convertible debt by end of Q2 2021 in preparation for application to OTCQB Venture Market.
  • To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
  • where you can view Green Stream's news, filings and even a live Level 2 stream, along with other company information.

Green Stream Holdings Initiates Expedited Settlement of Liabilities Alongside Plans for OTCQB Uplist

Retrieved on: 
Wednesday, February 17, 2021

GSFI Finalizes Payoff of Convertible Promissory Note to Geneva Roth Remark Holdings, Inc.

Key Points: 
  • Accordingly, the parties have no further rights or obligations as to each other and the Registrant will have no obligations to issue securities to Geneva Roth Remark Holdings, Inc.
  • The transaction has been detailed accordingly in the Company's 8-k filed yesterday, February 16, 2021.
  • Green Stream Holdings, Inc. is actively pursuing settlement, retirement and/or payoff of all remaining debt in the Company and anticipates the elimination of all convertible debt by end of Q2 2021 in preparation for application to OTCQB Venture Market.
  • where you can view Green Stream's news, filings and even a live Level 2 stream, along with other company information.

Ackroo pays off SOFII debt

Retrieved on: 
Wednesday, December 16, 2020

As of December 15th 2020 there was a remaining principal balance of $378,591.49 which Ackroo has paid off in full.

Key Points: 
  • As of December 15th 2020 there was a remaining principal balance of $378,591.49 which Ackroo has paid off in full.
  • There were no penalties from SOFII for early payoff and in turn Ackroo will save $52,601 in future interest costs.
  • We feel fortunate to have utilized the SOFII loan and even happier to have been in a position to pay off the balance early, said Steve Levely, CEO of Ackroo.
  • Ackroo also provides important marketing, payment and point-of-sale solutions as an extension of the Ackroo platform to drive even greater financial and operational results for their clients.

IAA Loan Payoff™ Enhanced with Dealertrack Payoff Quote™ Feature

Retrieved on: 
Thursday, October 1, 2020

IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Loan Payoff product with Dealertrack Payoff Quote.

Key Points: 
  • IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the enhancement of its Loan Payoff product with Dealertrack Payoff Quote.
  • The IAA Loan Payoff solution can reduce that cycle time by up to 50%, which also can result in greatly reduced storage costs and vehicle depreciation.
  • Payoff Quote is another tool on the digital Loan Payoff platform that further streamlines workflows and speeds up the loan payoff and title release process.
  • In this release, such forward-looking statements include statements regarding the expected timing and associated benefits of the IAA Loan Payoff or the Dealertrack Payoff Quote feature to our customers and company generally.

LossExpress™ Joins Guidewire PartnerConnect Solution Alliance Program to Deliver a Real-Time Payoff to Lien Process for Insurers

Retrieved on: 
Thursday, July 30, 2020

LossExpress Ready for Guidewire integration will enable Guidewire ClaimCenter users to integrate to its LossExpress software, which helps to streamline auto total loss claims.

Key Points: 
  • LossExpress Ready for Guidewire integration will enable Guidewire ClaimCenter users to integrate to its LossExpress software, which helps to streamline auto total loss claims.
  • Were accelerating the payoff to lien release process by seamlessly connecting insurers and lien holders in new and innovative ways, said Brad Cooper, Vice President, Business Development, LossExpress.
  • We welcome LossExpress as our latest Guidewire PartnerConnect Solution partner, said Becky Mattick, Vice President, Global Solution Alliances, Guidewire Software.
  • LossExpress is North Americas first full-service provider of real-time loan payoff and lien release records for the insurance industry.

Upstart Launches Direct Credit Card Payoff

Retrieved on: 
Wednesday, December 11, 2019

Personal loans are the fastest growing category in consumer lending, and repayment of credit card debt is the most popular use of personal loans.

Key Points: 
  • Personal loans are the fastest growing category in consumer lending, and repayment of credit card debt is the most popular use of personal loans.
  • This new option reduces the risk of personal lending for banks, while helping to break the cycle of credit card debt for consumers.
  • "Borrowers who pay off their credit card debt immediately are less likely to default," said Dave Girouard, Co-Founder and CEO, Upstart.
  • Direct payoff of credit cards offers the following benefits:
    Upstart's bank partner Cross River Bank is already seeing positive early results from this new feature.In fact, more than half of borrowers who were given the option to use direct credit card payoff took advantage of this new feature.