Prepayment

Virtu Announces Debt Paydown on its Term Loan Facility

Retrieved on: 
Monday, May 18, 2020
Virtu Financial, Companies, Prepayment, Virtu, Euronet Worldwide, Finance, Economy of the United States

The debt prepayment was funded with excess cash generated from strong results in the first quarter, and will save approximately $7.3 million in annual interest expense.

Key Points: 
  • The debt prepayment was funded with excess cash generated from strong results in the first quarter, and will save approximately $7.3 million in annual interest expense.
  • As a result of this prepayment, the Company reduced its outstanding principal amount to $1.769 billion as of May 15, 2020.
  • Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology.
  • Statements regarding Virtu Financial, Inc.s (Virtus, the Companys or our) business that are not historical facts are forward-looking statements.

Usio Prepaid Card Issuing Platform Scales Rapidly to Provide Financial Help Directly to Those Most Affected by the COVID-19 Pandemic

Retrieved on: 
Tuesday, May 12, 2020
Payment systems, Economy, Money, Finance, Debit cards, Exonumia, Gift card, Giving, Personal finance, Prepaid card, Prepayment

Our prepaid card solutions offer a quick and convenient way to distribute funds to people in need, said Houston Frost, Senior Vice President, Prepaid Products, of Usio.

Key Points: 
  • Our prepaid card solutions offer a quick and convenient way to distribute funds to people in need, said Houston Frost, Senior Vice President, Prepaid Products, of Usio.
  • We are able to rapidly deploy prepaid card solutions that help get money into the hands of those who need it most.
  • The monetary assistance in the new CARE Package will be in the form of a prepaid gift card managed by Usio.
  • Usios Card platform offers several key features useful for any community organization looking to provide financial relief:
    The cards provide cash access.

Axovant Announces Full Prepayment of Outstanding Loan from Hercules Capital

Retrieved on: 
Friday, April 24, 2020
Economy, Law, Money, Property law, Business law, Contract law, Loans, Prepayment, Lien, Credit, Loan agreement, Security interest

Following the prepayment, the credit facility and loan agreement with Hercules Capital, Inc. was terminated, and all obligations, liens and security interests under the loan agreement were released, discharged and satisfied.

Key Points: 
  • Following the prepayment, the credit facility and loan agreement with Hercules Capital, Inc. was terminated, and all obligations, liens and security interests under the loan agreement were released, discharged and satisfied.
  • Axovant is debt-free after the loan prepayment announced today.
  • This prepayment has no meaningful impact on our cash runway, removes prior liens by Hercules on our assets, and saves approximately $1 million in interest expense.
  • Axovant Gene Therapies is a clinical-stage gene therapy company focused on developing a pipeline of innovative product candidates for debilitating neurodegenerative diseases.

MannKind Receives Forgivable Loan under the Paycheck Protection Program

Retrieved on: 
Wednesday, April 15, 2020
Loans, Structured finance, Prepayment of loan, Mortgage loan, Prepayment

The PPP loan matures on April 9, 2022 and bears interest at a rate of 0.98% per annum.

Key Points: 
  • The PPP loan matures on April 9, 2022 and bears interest at a rate of 0.98% per annum.
  • The PPP loan may be prepaid by MannKind at any time prior to maturity with no prepayment penalties.
  • MannKind intends to use all proceeds from the PPP Loan to retain employees, maintain payroll and make lease, mortgage interest and utility payments.
  • MannKind will host a conference call and webcast to provide an operational update today at 4:30 p.m. Eastern Time.

Switzerland Telecoms Market Report 2020 - Featuring Liberty Global (UPC), Quickline, Salt, Sunrise & Swisscom Among Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 19, 2020
Technology, Telecommunications, Telecommunications, Mobile virtual network operators, Oi, Prepayment, Prepaid mobile phone, Draft:Hello Mobile

Service revenue split by prepaid and contract, and prepaid share

Key Points: 

Service revenue split by prepaid and contract, and prepaid share
Service revenue split by voice and data, and data as a percentage of service revenue

Axiom Prepaid Holdings Kicks Off 2020 With Expansion of White Label Prepaid Card Program

Retrieved on: 
Thursday, February 13, 2020
Payment cards, Money, Economy, Credit cards, Debit cards, Financial District, San Francisco, Visa Inc., Prepayment, MasterCard, Payment systems, Cashplus

White label prepaid card programs allow businesses to have their name and logo on a single-use or general use prepaid Visa or Mastercard.

Key Points: 
  • White label prepaid card programs allow businesses to have their name and logo on a single-use or general use prepaid Visa or Mastercard.
  • Those organizations who adopt white label programs are seeing the benefits of offering branded cards to their customers, employees and affiliates," said Steven Foster , CEO, Axiom Prepaid Holdings.
  • Likewise, through analysis of the data collected via the white label program, businesses have a better view to what matters to their customers.
  • Axiom Prepaid Holdings was born of the desire of two entrepreneurial-minded banking industry veterans to turn the prepaid card model upside down.

Q1 Results May Indicate Needed Adjustments to Marketing Plans with Addition of White Label Prepaid Card Programs a Viable Tactic, Says Axiom Prepaid Holdings

Retrieved on: 
Wednesday, February 12, 2020
Payment cards, Radio-frequency identification, Stored-value card, Prepayment, Prepaid card, Economy, Payment systems, Technology, Prepaid mobile phone

White label prepaid card programs can have a positive affect on both, according to experts at Axiom Prepaid Holdings .

Key Points: 
  • White label prepaid card programs can have a positive affect on both, according to experts at Axiom Prepaid Holdings .
  • "White label prepaid card programs provide a revenue stream that can range from six to seven digits per year depending on card spend and the number of cards issued.
  • White label prepaid cards have become such a popular marketing option because of the explosive growth of the payment method.
  • Axiom Prepaid Holdings was born of the desire of two entrepreneurial-minded banking industry veterans to turn the prepaid card model upside down.

i2c and Najm Bring Apple Pay® to Najm Prepaid Reloadable Cardholders in the Middle East

Retrieved on: 
Thursday, January 30, 2020
Finance, Banking, Professional services, Technology, Software, Mobile payments, Apple Pay, Economy, Payment systems, Prepayment, Money, Finance, Credit cards, Prepaid mobile phone, Finance, Banking, Professional services, Technology, Software, Mobile payments, Apple Pay, Economy, Payment systems, Prepayment, Money, Finance, Credit cards, Prepaid mobile phone, Majid Al Futtaim Finance (MAF)/Najm, i2c Inc.

i2c Inc. , a leading provider of digital payment and open banking technology, together with Najm , a provider of financial solutions, today introduce Apple Pay to Najm Prepaid cardholders in the Middle East.

Key Points: 
  • i2c Inc. , a leading provider of digital payment and open banking technology, together with Najm , a provider of financial solutions, today introduce Apple Pay to Najm Prepaid cardholders in the Middle East.
  • With Najm prepaid reloadable cards and Apple Pay on iPhone, customers can make fast and convenient purchases in stores, in apps and on websites.
  • When you use a prepaid card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers.
  • The implementation of the program with Najm Prepaid and Apple Pay took 90 days to bring to market using i2cs highly configurable and flexible technology platform.