Market liquidity

Brinker International, Inc. Provides Business Update In Response To COVID-19

Thursday, April 2, 2020 - 2:08pm

Amounts are calculated based on comparable current period versus same period a year ago.

Key Points: 
  • Amounts are calculated based on comparable current period versus same period a year ago.
  • Our focus remains delivering quality food to our guests and maintaining a safe work environment for our team members," said Wyman Roberts, chief executive officer of Brinker International.
  • In response, we've provided them support through an emergency relief fund."
  • Total cash on the balance sheet on March 31, 2020 was $137 million and total liquidity was $237 million.

Private Equity Liquidity Hit by 10% VaR Caused by Coronavirus Crisis

Thursday, April 2, 2020 - 1:38pm

By studying previous crash scenarios and comparing to the impact of the current crisis, CEPRES experts are now applying a 10% VaR liquidity forecast to their simulations for the 2020 and 2021 projections.

Key Points: 
  • By studying previous crash scenarios and comparing to the impact of the current crisis, CEPRES experts are now applying a 10% VaR liquidity forecast to their simulations for the 2020 and 2021 projections.
  • Further details of model assumptions:
    The current shutdown will impact private equity, private real estate, private debt funds, infrastructure and direct investments.
  • In order to avoid liquidity shortfalls, we recommend now to make liquidity decisions based on a 10% VaR scenario."
  • CEPRES began in 2001 as the Center of Private Equity Research and was the first to 'look-through' private market funds to underlying deal and asset performance.

NAO Points Towards a Labour Model of Measurement by Objectives and Productivity and Changes in the Supply Chains After the Crisis of COVID-19

Wednesday, April 1, 2020 - 10:07pm

Pablo Cano, points out that the current crisis caused by the COVID-19 , "Is temporary, but it is not comparable to recent crises.

Key Points: 
  • Pablo Cano, points out that the current crisis caused by the COVID-19 , "Is temporary, but it is not comparable to recent crises.
  • In NAO's opinion, there is currently an impact on the demand for consumer goods, where the population has stopped consuming, and companies are delaying their investment decisions.
  • Finally, financial markets will assume a scenario where liquidity, credit and equities will have been highly affected.
  • "The fiscal deficits that will be generated and the balance sheets of the central banks will cause very low-interest rates to continue.

NAO Points Towards a Labour Model of Measurement by Objectives and Productivity and Changes in the Supply Chains After the Crisis of COVID-19

Wednesday, April 1, 2020 - 10:05pm

Pablo Cano, points out that the current crisis caused by the COVID-19 , "Is temporary, but it is not comparable to recent crises.

Key Points: 
  • Pablo Cano, points out that the current crisis caused by the COVID-19 , "Is temporary, but it is not comparable to recent crises.
  • In NAO's opinion, there is currently an impact on the demand for consumer goods, where the population has stopped consuming, and companies are delaying their investment decisions.
  • Finally, financial markets will assume a scenario where liquidity, credit and equities will have been highly affected.
  • "The fiscal deficits that will be generated and the balance sheets of the central banks will cause very low-interest rates to continue.

SiteOne Takes Actions to Increase Financial Flexibility

Wednesday, April 1, 2020 - 10:00pm

SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today actions to increase the Companys financial flexibility amid the ongoing coronavirus (COVID-19) situation.

Key Points: 
  • SiteOne Landscape Supply, Inc. (NYSE: SITE) announced today actions to increase the Companys financial flexibility amid the ongoing coronavirus (COVID-19) situation.
  • We believe that SiteOne has a solid balance sheet and liquidity, and we have no significant debt maturities until 2024.
  • However, given the uncertainty brought on by COVID-19 we have decided to enhance our cash position and increase our financial flexibility by borrowing on our Asset Backed Lending (ABL) Facility, said Doug Black, Chairman and CEO of SiteOne.
  • After the borrowing, SiteOne has approximately $117 million cash on hand and approximately $46 million in available capacity under its ABL Facility.

Ryder Enhances Liquidity with $400M Syndicated Term Loan

Wednesday, April 1, 2020 - 9:05pm

Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions, today announced it entered into a new 364-day unsecured syndicated term loan (the Term Loan) totaling US$400 million with a syndicate of eight large financial institutions, further enhancing its liquidity position.

Key Points: 
  • Ryder System, Inc. (NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions, today announced it entered into a new 364-day unsecured syndicated term loan (the Term Loan) totaling US$400 million with a syndicate of eight large financial institutions, further enhancing its liquidity position.
  • Execution of this new term loan further solidifies Ryders solid liquidity position.
  • The term loan will be used for working capital and other general corporate purposes of Ryder and its subsidiaries.
  • We are very pleased with the continued demonstration of financial support and confidence shown by our banking partners, said Dan Susik, Ryder Senior Vice President Finance and Treasurer.

Ingersoll Rand Provides COVID-19 Business Update

Wednesday, April 1, 2020 - 6:49pm

Ingersoll Rand Inc. (NYSE: IR) provided a business update regarding its response and impacts related to the coronavirus (COVID-19) global pandemic.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) provided a business update regarding its response and impacts related to the coronavirus (COVID-19) global pandemic.
  • The business update, available in the Investors section of the companys website ( www.IRCO.com ), outlines the measures the company has taken around health and safety, business continuity and integration execution, and capital structure and liquidity.
  • Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is committed to helping make life better.
  • The information in this business update, including any forward-looking statements speak only as of the date of this news release.

Sucden Financial Hires Thomas Hodge for LME Averaging

Wednesday, April 1, 2020 - 1:30pm

LONDON, April 1, 2020 /PRNewswire/ -- Sucden Financial, the leading global multi-asset execution, clearing and liquidity provider, has appointed Thomas Hodge to build and run its new average pricing function within its LME business.

Key Points: 
  • LONDON, April 1, 2020 /PRNewswire/ -- Sucden Financial, the leading global multi-asset execution, clearing and liquidity provider, has appointed Thomas Hodge to build and run its new average pricing function within its LME business.
  • As Head of LME Average Price Trading, Hodge will complement and extend Sucden Financial's existing ability to facilitate LME hedging requests, providing a dedicated averaging service to allow an exact match between client risk and the LME's daily date structure.
  • In addition, Hodge will be developing quantitative analytics and models for use within the firm's LME trading business.
  • Prior to joining Sucden Financial, Hodge was Co-Chief Investment Officer at Commodities World Capital (CWC), where he managed their LME base metals portfolio.

Earthstone Energy Announces Results of Borrowing Base Redetermination and Updates Debt Balance

Wednesday, April 1, 2020 - 11:00am

Earthstone Energy, Inc. (NYSE: ESTE) (Earthstone, the Company, our or we) announced today that the regularly scheduled redetermination of the borrowing base under its senior secured revolving credit facility (Credit Facility) has been completed with the borrowing base now set at $275 million, representing a 15% decrease from the previous borrowing base of $325 million.

Key Points: 
  • Earthstone Energy, Inc. (NYSE: ESTE) (Earthstone, the Company, our or we) announced today that the regularly scheduled redetermination of the borrowing base under its senior secured revolving credit facility (Credit Facility) has been completed with the borrowing base now set at $275 million, representing a 15% decrease from the previous borrowing base of $325 million.
  • The next regularly scheduled redetermination of the borrowing base is on or around November 1, 2020.
  • Robert J. Anderson, President and Chief Executive Officer of Earthstone, stated, Earthstone remains well positioned in terms of liquidity and debt levels despite the recent dramatic drop in commodity prices.
  • Earthstone Energy, Inc. is a growth-oriented, independent energy company engaged in developing and operating oil and gas properties.

AQMetrics Releases Fund Liquidity Whitepaper

Wednesday, April 1, 2020 - 8:00am

LONDON, April 1, 2020 /PRNewswire/ -- AQMetrics, a leading global platform for risk and regulatory compliance, has today released its latest whitepaper,Fund Liquidity Risk Control: Emerging Risks and Regulation.

Key Points: 
  • LONDON, April 1, 2020 /PRNewswire/ -- AQMetrics, a leading global platform for risk and regulatory compliance, has today released its latest whitepaper,Fund Liquidity Risk Control: Emerging Risks and Regulation.
  • The study reveals the liquidity risks within buyside investment firms and examines the regulatory responses from ESMA, the FCA and the SEC.
  • "Now more than ever fund managers are acutely aware of their regulatory obligations to properly manage the liquidity of funds and to ensure investors are fairly treated at all times," said Geraldine Gibson, CEO and founder of AQMetrics.
  • AQMetrics is a leading RegTech and Risk SaaS company focused on delivering regulatory risk and compliance solutions for financial firms.