Euro

FCP Euro Closes $25 Million Debt Facility For Growth Capital

Friday, June 11, 2021 - 4:00pm

MILFORD, Conn., June 11, 2021 /PRNewswire/ --Today, Connecticut-based online auto parts retailer FCP Euro announced the closing of a $25 million debt facility financed by JPMorgan Chase .

Key Points: 
  • MILFORD, Conn., June 11, 2021 /PRNewswire/ --Today, Connecticut-based online auto parts retailer FCP Euro announced the closing of a $25 million debt facility financed by JPMorgan Chase .
  • The deal will provide FCP Euro with access to funding that will enhance customer experience by accelerating infrastructure and inventory investments.
  • In addition, FCP Euro will have access to a full range of industry-leading financial services that will complement the multi-year growth strategy.
  • Automotive Aftermarket, FCP Euro surpassed $110 million in total parts sales in 2020, 53% growth from 2019, and has been recognized in Inc. Magazine's 5000 fastest-growing privately-owned companies seven times.

Keeping the UEFA EURO 2020 championship safe

Friday, June 11, 2021 - 12:01am

This special operational set-up is created to enable swift cooperation and provide the necessary operational support for a safe and secure championship.

Key Points: 
  • This special operational set-up is created to enable swift cooperation and provide the necessary operational support for a safe and secure championship.
  • To that end, Europol has created a special Task Force EURO 2020 to enable keeping officers on the ground 24/7 to easily exchange information and swiftly receive leads on ongoing investigations.
  • Police intelligence officers of all participating countries are doing their utmost to ensure that this unique UEFA EURO 2020 championship will be as safe as possible.
  • IPCC UEFA EURO 2020 Participants (total number):

    EU Member States: Austria, Belgium, Croatia, Czechia, Denmark, Finland, France, Germany, Hungary, Italy, Poland, Portugal, Romania, Slovakia, Spain, Sweden, the Netherlands.

DGAP-News: Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Thursday, June 10, 2021 - 9:01pm

Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)

Key Points: 
  • Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The issuer is solely responsible for the content of this announcement.
  • Adjustment of the Conversion Price for the convertible bond of LEG Immobilien SE in the amount of EUR 400 million due on September 1, 2025 (ISIN DE000A2GSDH2)
    The Conversion Price for the Bond has been adjusted as a result of dividend payments for financial year 2020 in accordance with 10 of the Terms and Conditions of the Bond, effective 10 June 2021.
  • The Conversion Price is now EUR 115.2511 (previously: EUR 116.3349).
  • The Reference Dividend has been adjusted to EUR 2.68 (previously: EUR 2.71).

Highlights - Adding Gender-Based Violence as new ‘eurocrime’ - amendments - 15.06.2021 - Committee on Women's Rights and Gender Equality

Thursday, June 10, 2021 - 8:03pm

This legislative initiative requests the Commission to propose a Council decision to consider gender-based violence as an area of crime that meets the criteria established under Article 83(1) TFEU.

Key Points: 

This legislative initiative requests the Commission to propose a Council decision to consider gender-based violence as an area of crime that meets the criteria established under Article 83(1) TFEU.

401 amendments have been tabled to the draft report.

Press release - Rule of Law: Parliament prepares to sue Commission for failure to act

Thursday, June 10, 2021 - 8:02pm

This constitutes a sufficient basis for taking legal actions under Article 265 of the TFEU against the Commission, they say.

Key Points: 
  • This constitutes a sufficient basis for taking legal actions under Article 265 of the TFEU against the Commission, they say.
  • To be ready, the Parliament shall in the meantime immediately start the necessary preparations for potential court proceedings under Article 265 of TFEU against the Commission.
  • Background

    The rule of law conditionality regulation, designed to protect EU funds against their possible misuse by EU governments, entered into force on 1 January 2021.

  • In a committee meeting on 26 May, the Commission indicated it intends to consult the Parliament in the first half of June.

RECOMMENDATION on the draft Council decision on the conclusion, on behalf of the European Union, of a Protocol to the Agreement on the international occasional carriage of passengers by coach and bus (Interbus Agreement) regarding the international r[...]

Wednesday, June 9, 2021 - 8:03pm

The Protocol covers only the provisions that were necessary to extend the Interbus Agreement to international regular and special regular carriage of passengers by coach and bus, without amending or repeating the common rules of the main Agreement.

Key Points: 
  • The Protocol covers only the provisions that were necessary to extend the Interbus Agreement to international regular and special regular carriage of passengers by coach and bus, without amending or repeating the common rules of the main Agreement.
  • Procedure:

    In order to conclude the Protocol to the Agreement the Council needs the consent of the European Parliament as required by Article 218 TFEU.

  • Parliament shall then take a decision by means of a single vote, and no amendments to the Agreement may be tabled.
  • In the light of the above, your rapporteur suggests that the TRAN Committee give favourable recommendation on the conclusion of the Protocol.

Xignite Enhances Popular Interbanks and Rates APIs In Preparation for LIBOR Rates Transition Adds Four Alternative Risk Free Rates (RFRs)

Wednesday, June 9, 2021 - 1:39pm

Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.

Key Points: 
  • Other countries are introducing their own local-currency-denominated alternative reference rates for short-term lending.
  • Xignite enhanced its Interbanks and Rates APIs with SOFR earlier this year and has now added four of the alternative overnight risk-free rates (RFRs) recommended to replace LIBOR for currencies in respective markets.
  • The new rates include Euro Short-Term Rate (ESTR), Swiss Reference Rates (SARON), Sterling Overnight Index Average (SONIA), and Tokyo Overnight Average Rate (TONAR).
  • "Our rates and InterBanks APIs were the first REST APIs ever released to serve the needs of the lending and banking industries.

Paysafe to Offer Senior Secured Notes to Refinance Existing Indebtedness and Extend Maturity Profile

Monday, June 7, 2021 - 12:30pm

Paysafe Limited (NYSE: PSFE) (Paysafe or the Company) today announced that Paysafe Holdings (US) Corp. and Paysafe Finance PLC, indirect subsidiaries of Paysafe, intend to offer, subject to market and other conditions, US$1,026 million (equivalent) aggregate principal amount of senior secured notes due 2029, consisting of U.S. dollar and euro-denominated notes.

Key Points: 
  • Paysafe Limited (NYSE: PSFE) (Paysafe or the Company) today announced that Paysafe Holdings (US) Corp. and Paysafe Finance PLC, indirect subsidiaries of Paysafe, intend to offer, subject to market and other conditions, US$1,026 million (equivalent) aggregate principal amount of senior secured notes due 2029, consisting of U.S. dollar and euro-denominated notes.
  • The notes will be fully and unconditionally guaranteed by Paysafe Group Holdings II Limited, an indirect subsidiary of Paysafe, and certain other subsidiaries of Paysafe.
  • Paysafe intends to use the proceeds from the notes offering, together with the proceeds of new term loans consisting of U.S. dollar and euro-denominated term loan facilities, to refinance certain existing indebtedness.
  • This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.

International use of the euro broadly stable in 2020

Thursday, June 3, 2021 - 12:03am

2 June 2021

Key Points: 
  • 2 June 2021

    The international role of the euro remained broadly stable in 2020.

  • The share of the euro across various indicators of international currency was stable, averaging around 19% in 2020.
  • More specifically, the euros share in outstanding international loans, in the stock of international debt securities and as an invoicing currency for extra-euro area imports of goods remained broadly stable.
  • The euro remained a key currency in international green bond markets, a small but rapidly growing segment of international debt security markets.

DGAP-News: Deutsche Wohnen SE: Adjustment of the Conversion Price and Conversion Ratio for the Convertible Bonds of Deutsche Wohnen SE in the amount of EUR 800 million due on 5 January 2026 (ISIN DE000A2GS377)

Wednesday, June 2, 2021 - 5:06pm

Pursuant to 13 of the same, Deutsche Wohnen SE hereby gives notice that, effective June 2, 2021, the adjusted Conversion Price is EUR 48.9896 (previously: EUR 49.4680), the adjusted Conversion Ratio is 2,041.24957 Shares per Bond (previously: 2,021.50885 Shares per Bond) and the Reference Dividend is EUR 0.52.

Key Points: 
  • Pursuant to 13 of the same, Deutsche Wohnen SE hereby gives notice that, effective June 2, 2021, the adjusted Conversion Price is EUR 48.9896 (previously: EUR 49.4680), the adjusted Conversion Ratio is 2,041.24957 Shares per Bond (previously: 2,021.50885 Shares per Bond) and the Reference Dividend is EUR 0.52.
  • This publication is neither an offer to sell nor a solicitation to buy securities.
  • These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it.
  • It should be remembered that the actual results or consequences may differ considerably from those mentioned or contained in the forward-looking statements.