Escrow

Vylla Title Licensed to Operate Throughout the State of California

Retrieved on: 
Wednesday, June 16, 2021
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Escrow, Personal finance, Real property law, The Californias, Spanish Empire

On June 1, 2021, Vylla Title was granted an all-county license to operate in California, bringing its singular title and escrow expertise to the Golden State.

Key Points: 
  • On June 1, 2021, Vylla Title was granted an all-county license to operate in California, bringing its singular title and escrow expertise to the Golden State.
  • As the premiere provider of title and settlement services, we believe Californias consumers, lenders and real estate businesses will benefit significantly from Vylla Titles operations in California.
  • The all-county license is the critical designation that allows Vylla Title to operate across the entire state of California, differentiating the company from other title providers only licensed to operate in limited areas or only specific individual counties.
  • To share the companys capabilities with businesses throughout California, Vylla Title will expand its existing corporate relationships inside the state.

Hilton Grand Vacations Prices Upsized Offering of Senior Notes

Retrieved on: 
Monday, June 14, 2021
Lodging, Destinations, Travel, Vacation, Hilton Grand Vacations, Hilton, Escrow, Law, Finance

Hilton Grand Vacations Inc. (NYSE: HGV) (HGV or the Company) has priced an offering of $500 million aggregate principal amount of new 4.875% senior unsecured notes due 2031 (the notes) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the Offering).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE: HGV) (HGV or the Company) has priced an offering of $500 million aggregate principal amount of new 4.875% senior unsecured notes due 2031 (the notes) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the Offering).
  • Upon the closing of the Companys proposed acquisition (the Merger) of Dakota Holdings Inc. (Diamond), Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. will merge with and into Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc., respectively, each a wholly-owned subsidiary of the Company, and the escrow proceeds will be released.
  • Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc. will thereupon assume the obligations under the notes.
  • Upon the closing of the Merger, the notes will be guaranteed by Hilton Grand Vacations Inc., Hilton Grand Vacations Parent LLC, also a wholly-owned subsidiary of the Company, and certain of Hilton Grand Vacations Borrower LLCs existing and future subsidiaries, including certain subsidiaries of Diamond.

Monaker Group Receives Formal Approval to Acquire 57.6% Stake in International Financial Enterprise Bank, Planning Fintech Solutions for eCommerce and Digital Media Platforms

Retrieved on: 
Monday, June 14, 2021
Money, Finance, Articles, Financial services, Financial technology, Bank, Escrow, Mobile banking

Additionally, Monaker has been granted approval to change the name of the Bank to Next Bank International.

Key Points: 
  • Additionally, Monaker has been granted approval to change the name of the Bank to Next Bank International.
  • IFEB will bring to Monaker a full range of fintech solutions, including concierge banking, online and mobile banking, credit cards, deposit and loans and escrow services.
  • The banks charter and fintech technology allows it to conduct business and serve customers anywhere in the world.
  • Monaker Group is a party to a definitive agreement (subject to closing conditions) to acquire HotPlay Enterprise Limited , an innovative in-game advertising and AdTech company.

Hilton Grand Vacations Announces Proposed Offering of Senior Notes

Retrieved on: 
Monday, June 14, 2021
Retail, Luxury, Other Travel, Vacation, Lodging, Destinations, Travel, Hilton Grand Vacations, Personal finance, Escrow, Hilton, Law

Hilton Grand Vacations Inc. (NYSE: HGV) (HGV or the Company) is launching an offering of $425 million of new senior unsecured notes to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow LLC and Hilton Grand Vacations Borrower Escrow Inc. (the Offering).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE: HGV) (HGV or the Company) is launching an offering of $425 million of new senior unsecured notes to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow LLC and Hilton Grand Vacations Borrower Escrow Inc. (the Offering).
  • Upon the closing of the Companys proposed acquisition (the Merger) of Dakota Holdings Inc. (Diamond), Hilton Grand Vacations Borrower Escrow LLC and Hilton Grand Vacations Borrower Escrow Inc. will merge with and into Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc., respectively, each a wholly-owned subsidiary of the Company, and the escrow proceeds will be released.
  • Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc. will thereupon assume the obligations under the notes.
  • Upon the closing of the Merger, the notes will be guaranteed by Hilton Grand Vacations Inc., Hilton Grand Vacations Parent LLC and certain of Hilton Grand Vacations Borrower LLCs existing and future subsidiaries.

Apollo Announces Brokered Private Placement of Subscription Receipts

Retrieved on: 
Monday, June 7, 2021
Economy, Supply chain management, Procurement, Subscription, Microeconomics, Receipt, Escrow

The Company will sell, on a private placement basis, Subscription Receipts at a price of $0.75 per Subscription Receipt (the Issue Price), for minimum aggregate gross proceeds of $40,000,500.

Key Points: 
  • The Company will sell, on a private placement basis, Subscription Receipts at a price of $0.75 per Subscription Receipt (the Issue Price), for minimum aggregate gross proceeds of $40,000,500.
  • Upon satisfaction of certain escrow release conditions, each Subscription Receipt shall be automatically exchanged, without any further action by the holder of such Subscription Receipt (and for no additional consideration), for one unit of the Company (a Unit).
  • The Subscription Receipts will be issued pursuant to a subscription receipt agreement (the Subscription Receipt Agreement) to be entered into among the Company, Eight Capital and the subscription receipt agent.
  • If the Escrow Release Conditions have not been satisfied on or before the date that is sixty (60) days following closing of the Concurrent Financing, the Net Escrowed Funds together with accrued interest thereon will be returned to the holders of the Subscription Receipts and the Subscription Receipts will be cancelled.

Premier Health Announces Amendment to its CPC Escrow Agreement

Retrieved on: 
Friday, June 4, 2021
Articles, Economy, Business, Economy of Toronto, Toronto Stock Exchange, Escrow, TSX Venture Exchange, Outsourcing

MONTRAL, June 04, 2021 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (Premier Health or the Corporation) announces today that it has implemented changes to its CPC escrow agreement dated December 15, 2017 and amended on October 21, 2018 (the Escrow Agreement) to reflect the updates to Policy 2.4 Capital Pool Companies (Policy 2.4) in the Corporate Finance Manual of the TSX Venture Exchange (the Exchange) which became effective January 1, 2021 (the Updated CPC Policy), as further described below.

Key Points: 
  • MONTRAL, June 04, 2021 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (Premier Health or the Corporation) announces today that it has implemented changes to its CPC escrow agreement dated December 15, 2017 and amended on October 21, 2018 (the Escrow Agreement) to reflect the updates to Policy 2.4 Capital Pool Companies (Policy 2.4) in the Corporate Finance Manual of the TSX Venture Exchange (the Exchange) which became effective January 1, 2021 (the Updated CPC Policy), as further described below.
  • Premier Health is a leading Canadian Healthtech company that provides a comprehensive range of outsourced services solutions for healthcare needs to governments, corporations, and individuals.
  • Premier Health uses its proprietary PSweb software platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper and more accessible care services.
  • These factors and others are more fully discussed in the filings of the Corporation with Canadian securities regulatory authorities available at www.sedar.com.

Title Alliance Announces the T.A. Central Processing Unit

Retrieved on: 
Thursday, June 3, 2021
Real property law, Escrow, Personal finance, Cision, Title insurance, Law, Finance, Money

MEDIA, Pa., June 3, 2021 /PRNewswire-PRWeb/ -- Title Alliance, Ltd., a full-service title insurance agency offering a complete range of title and escrow services, is proud to announce T.A.

Key Points: 
  • MEDIA, Pa., June 3, 2021 /PRNewswire-PRWeb/ -- Title Alliance, Ltd., a full-service title insurance agency offering a complete range of title and escrow services, is proud to announce T.A.
  • Central Processing Unit as a national title and escrow support division of Title Alliance.
  • As Title Alliance grows and brings its innovative title and escrow services to new areas of the country, the T.A.
  • Title Alliance works with partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit.

Living Vogue Real Estate Adopts eMax and Kishu Inu Crypto for Property Sales & Agent Commissions

Retrieved on: 
Wednesday, June 2, 2021
Dogs, Kishu, Sarasota, Florida, Escrow, Emax, Geography of Florida, Domesticated animals

SARASOTA, Fla., June 2, 2021 /PRNewswire/ -- Living Vogue LLC, doing business as Living Vogue Real Estate, a Sarasota Florida-based luxury real estate company,is pleased to announce the adoption of EthereumMax ($eMax) and Kishu Inu ($KISHU) cryptocurrencies as payment options for property sales, escrow deposits, and agent commissions.

Key Points: 
  • SARASOTA, Fla., June 2, 2021 /PRNewswire/ -- Living Vogue LLC, doing business as Living Vogue Real Estate, a Sarasota Florida-based luxury real estate company,is pleased to announce the adoption of EthereumMax ($eMax) and Kishu Inu ($KISHU) cryptocurrencies as payment options for property sales, escrow deposits, and agent commissions.
  • South Florida has many holders of eMax and Kishu coins specifically, and we are glad to provide a practical use for these currencies,"said MarkCoppens, CEO of Living Vogue Real Estate.
  • The addition further enables Living Vogue to scale operations following record growth in 2020as the area's fastest-growing real estate company.
  • To learn more about Living Vogue Real Estate, visit https://www.livingvogue.com , email [email protected] or call (800) 486-1794.

Stewart Expands Commercial Operations with the Acquisition of the Thomas Title & Escrow Team

Retrieved on: 
Wednesday, June 2, 2021
Professional services, Other Construction & Property, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Construction & Property, Real property law, Stewart Information Services Corporation, Escrow, Service companies, Companies, Finance

Stewart Information Services Corporation today announced the acquisition of the Thomas Title & Escrow team and offices in Scottsdale, Houston and Dallas.

Key Points: 
  • Stewart Information Services Corporation today announced the acquisition of the Thomas Title & Escrow team and offices in Scottsdale, Houston and Dallas.
  • Since its founding in 2006, Thomas Title & Escrow has been one of the leading full-service commercial title companies, serving customers across the country.
  • The experienced industry experts at Thomas Title will be a key component in our strategy to expand our national commercial presence, said Fred Eppinger, Stewart Chief Executive Officer.
  • Thomas has a strong reputation and a national presence that complements our current operations and creates a market-leader in commercial services.

Knight-Swift Transportation Holdings Inc. Announces Stock Acquisition of UTXL, Inc., a Premier Third-Party Logistics Company, Based in Kansas City, Missouri

Retrieved on: 
Tuesday, June 1, 2021
Trucking, Automotive, General Automotive, Logistics, Supply chain management, Transport, Fleet management, Other Transport, Financial markets, Finance, Money, Escrow, Personal finance, Real property law, Knight-Swift, Swift Transportation, Society for Worldwide Interbank Financial Telecommunication

The purchase price consideration was approximately $22.5 million, a portion of which was placed in escrow to secure indemnification obligations.

Key Points: 
  • The purchase price consideration was approximately $22.5 million, a portion of which was placed in escrow to secure indemnification obligations.
  • The purchase price consideration is subject to a customary working capital adjustment and additional potential deferred payments over the next two years.
  • UTXL generated over $100 million in operating revenue last year, contributing to an operating ratio in the low-90s.
  • Knight-Swift CEO, Dave Jackson, conveyed the following, "The UTXL teams excellence in providing customer-specific solutions will be an invaluable complement to our Knight-Swift transportation service offerings.