Financial capital

Chorus Aviation announces $75 million bought deal offering of 5.75% Senior Unsecured Debentures

Retrieved on: 
Monday, November 18, 2019

The Debentures will not be redeemable by Chorus before December 31, 2022, except upon the occurrence of a change of control of Chorus in accordance with the terms of the indenture governing the Debentures (the Indenture).

Key Points: 
  • The Debentures will not be redeemable by Chorus before December 31, 2022, except upon the occurrence of a change of control of Chorus in accordance with the terms of the indenture governing the Debentures (the Indenture).
  • On and after December 31, 2023, the Debentures will be redeemable at Chorus option at a price equal to the principal amount of the Debentures redeemed plus accrued and unpaid interest.
  • Chorus will be required to provide not more than 60 nor less than 40 days prior notice of redemption of the Debentures.
  • Headquartered in Halifax, Nova Scotia, Chorus comprises Chorus Aviation Capital, a leading, global lessor of regional aircraft, and Jazz Aviation and Voyageur Aviation, companies that have long histories of safe operations with excellent customer service.

Delphi Energy Corp. Announces Senior Secured Noteholders and Shareholders Approve Recapitalization Transaction and Management Changes

Retrieved on: 
Friday, November 15, 2019

At the Meetings, 99.98% of the votes cast by Noteholders and 99.05% of the votes cast by Shareholders were voted in favour of the Plan of Arrangement.

Key Points: 
  • At the Meetings, 99.98% of the votes cast by Noteholders and 99.05% of the votes cast by Shareholders were voted in favour of the Plan of Arrangement.
  • As part of seeking Court approval of the Recapitalization Transaction, the Company will seek a permanent waiver of defaults resulting from the commencement of its CBCA proceedings.
  • In conjunction with its overall recapitalization plan, Delphi has made additional changes to its management team to streamline its reporting structure and further strengthen its team.
  • Delphi thanks Mr. Hume and Mr. Batteke for their service and wishes them the best in their future endeavours.

JEMTEC 2019 Fiscal Year End Financial Results

Retrieved on: 
Friday, November 15, 2019

VANCOUVER, Nov. 15, 2019 /CNW/ - JEMTEC Inc. (TSX-V: JTC) (the "Company") is pleased to provide an update on its financial performance for the year ended July 31, 2019.

Key Points: 
  • VANCOUVER, Nov. 15, 2019 /CNW/ - JEMTEC Inc. (TSX-V: JTC) (the "Company") is pleased to provide an update on its financial performance for the year ended July 31, 2019.
  • The following results show the Company continues to improve its financial strength, with no debt, strong liquidity and increasing net worth.
  • For the year ended July 31, 2019, the Company recorded a net income of $490,210, compared to a net income of $234,691 during the year ended July 31, 2018.
  • At July 31, 2019, the Company had cash and cash equivalents of $2,194,824 and working capital of $2,097,070 compared to working capital of $1,281,287 at the year ended July 31, 2018.

Auscrete Corp is on Point for an Explosive 2020

Retrieved on: 
Thursday, November 14, 2019

Fortunately, the notes are now all but completely exhausted

Key Points: 
  • Fortunately, the notes are now all but completely exhausted
    The adjustment only affects the number of shares per shareholder, while the equity per shareholder remains the same.
  • It will make for a quicker move back to the OTC.QB thereby opening the Companys market to a much larger audience.
  • He spoke to the Mayor and City Manager to explore ways Auscrete could address rebuilding and he reviewed where literally thousands of homes were lost.
  • Auscrete Corporation assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Auscrete Corporation.

Imperial Capital Hires Mark Green As Head of Special Situations & Structured Credit

Retrieved on: 
Thursday, November 14, 2019

LOS ANGELES, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Imperial Capital, LLC (Imperial Capital), today announced that Mark Green has joined the firm as the Head of Special Situations and Structured Credit.

Key Points: 
  • LOS ANGELES, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Imperial Capital, LLC (Imperial Capital), today announced that Mark Green has joined the firm as the Head of Special Situations and Structured Credit.
  • Mr. Green said, I am thrilled to join Imperial Capital and grateful for the opportunity to lead this business.
  • For more information regarding Imperial Capital, please contact:
    Imperial Capital International, founded in 2011, is an affiliate of Imperial Capital, LLC with an office in central London.
  • Complementing Imperial Capitals existing corporate credit sales and trading franchise, Imperial Capital International expanded the Imperial Capital franchise into the EEA.

Virtu Financial Launches Virtu Capital Markets to Provide At-The-Market Offerings to Corporate Issuers

Retrieved on: 
Thursday, November 7, 2019

Virtu Capital Markets (VCM) is a strategic initiative aimed at applying Virtu efficiencies and At-The-Market (ATM) expertise to a growing segment of the capital markets space.

Key Points: 
  • Virtu Capital Markets (VCM) is a strategic initiative aimed at applying Virtu efficiencies and At-The-Market (ATM) expertise to a growing segment of the capital markets space.
  • VCM will offer ATM services to global public issuers looking to raise equity capital in the primary markets and provide corporate stock buyback services to issuers and sponsors looking to transact in the secondary market, positioning Virtu to provide essential equity capital raising services to public companies.
  • Prior to joining Virtu Financial, Mr. Lumby was at Cantor Fitzgerald for over 18 years where he was most recently Head of Equity Capital Markets.
  • Prior to joining Virtu Financial, Mr. Feldman was a senior member of the Equity Capital Markets team at Cantor Fitzgerald.

Enstar Group Limited Reports Third Quarter Results

Retrieved on: 
Thursday, November 7, 2019

Many insurance companies predominantly use available-for-sale accounting where unrealized amounts are recorded directly to shareholders equity and therefore do not impact earnings.

Key Points: 
  • Many insurance companies predominantly use available-for-sale accounting where unrealized amounts are recorded directly to shareholders equity and therefore do not impact earnings.
  • The Form 10-Q, which is available on Enstar's website, www.enstargroup.com , contains a more detailed description of Enstar's business and financial results.
  • In addition to presenting net earnings (losses) attributable to Enstar Group Limited ordinary shareholders and diluted earnings (losses) per ordinary share determined in accordance with U.S. GAAP, we believe that presenting non-GAAP operating income (loss) attributable to Enstar Group Limited ordinary shareholders and diluted non-GAAP operating income (loss) per ordinary share, non-GAAP financial measures as defined in Item 10(e) of Regulation S-K, provides investors with valuable measures of our performance.
  • Non-GAAP operating income (loss) attributable to Enstar Group Limited ordinary shareholders is calculated by the addition or subtraction of certain items from within our consolidated statements of earnings to or from net earnings (loss) attributable to Enstar Group Limited ordinary shareholders, the most directly comparable GAAP financial measure, as illustrated in the table below:

TELUS reports strong operational and financial results for third quarter 2019

Retrieved on: 
Thursday, November 7, 2019

Operating expenses before depreciation and amortization for the third quarter of 2018 includes a $118 million donation to the TELUS Friendly Future Foundation.

Key Points: 
  • Operating expenses before depreciation and amortization for the third quarter of 2018 includes a $118 million donation to the TELUS Friendly Future Foundation.
  • During the first quarter of 2019, we adjusted cumulative Internet subscriber connections to add approximately 16,000 subscribers from acquisitions undertaken during the quarter.
  • For additional information on our subscriber definitions, see Section 11.2 Operating indicators in our third quarter 2019 Managements discussion and analysis (MD&A).
  • Our capital expenditure levels could be impacted if we do not achieve our targeted operational and financial results.

U.S. Homeowners Found Far More Likely To Be Equity Rich Than Seriously Underwater In Q3 2019

Retrieved on: 
Thursday, November 7, 2019

The count of equity rich properties in the third quarter of 2019 represented 26.7 percent, or about one in four, of the 54 million mortgaged homes in the U.S.

Key Points: 
  • The count of equity rich properties in the third quarter of 2019 represented 26.7 percent, or about one in four, of the 54 million mortgaged homes in the U.S.
  • "The latest numbers reveal another profound impact of the extended housing boom, as far more homeowners find themselves on the right side of the balance sheet instead of the wrong side.
  • They were led by zip codes: 94116 in San Francisco (82.6 percent equity rich); 94122 in San Francisco (81.1 percent equity rich); 11220 in Brooklyn, NY (78.3 percent equity rich); 94306 in Palo Alto, CA (77.9 percent equity rich); and 94112 in San Francisco (77.9 percent equity rich).
  • Equity rich: Loan to value ratio of 50 percent or lower, meaning the property owner had at least 50 percent equity.

FGL Holdings Reports Third Quarter 2019 Results and Declares Common Stock Dividend

Retrieved on: 
Wednesday, November 6, 2019

AOI available to common shareholders is a non-GAAP economic measure we use to evaluate financial performance attributable to our common shareholders each period.

Key Points: 
  • AOI available to common shareholders is a non-GAAP economic measure we use to evaluate financial performance attributable to our common shareholders each period.
  • Adjusted Operating Return on Common Shareholders' Equity Excluding AOCI is calculated by dividing AOI Available to Common Shareholders' by total average Common Shareholders' Equity Excluding AOCI.
  • GAAP Book Value per Common Share including and excluding AOCI is calculated as Common Shareholders' Equity and Common Shareholders Equity Excluding AOCI divided by the total number of shares of common stock outstanding.
  • FGL Holdings, domiciled in the Cayman Islands, trades on the New York Stock Exchange under the ticker symbol FG.