ABS

Qifu Technology Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 16, 2023

SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • In the third quarter of 2023, financial institutional partners originated 18,504,320 loans*3 through our platform.
  • Under other technology solutions, we offer financial institutions on-premise deployed, modular risk management SaaS, which helps financial institution partners improve credit assessment results.
  • Loan facilitation volume through other technology solutions was RMB26,563 million in the third quarter of 2023.

MDB Capital Holdings Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 15, 2023

Addison, TX, Nov. 15, 2023 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public venture platform with the objective of growing the public venture marketplace and optimizing the way meaningful technologies are financed and built, yesterday reported results for its third quarter ended September 30, 2023 on form 10-Q filed with the Securities and Exchange Commission, and will highlight recent corporate progress on today’s call with management.

Key Points: 
  • Addison, TX, Nov. 15, 2023 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public venture platform with the objective of growing the public venture marketplace and optimizing the way meaningful technologies are financed and built, yesterday reported results for its third quarter ended September 30, 2023 on form 10-Q filed with the Securities and Exchange Commission, and will highlight recent corporate progress on today’s call with management.
  • “The third quarter of 2023 was highlighted by an important milestone in our company’s journey, as we successfully completed our IPO and began trading on the NASDAQ,” said Christopher Marlett, CEO and Co-Founder of MDB.
  • The company was also one of four companies selected and awarded $250,000 to participate in the latest Shell Gamechanger Accelerator™ Powered by NREL (GCxN) program .
  • The funds will be used to accelerate development and commercialization of Invizyne’s disruptive synthetic biology and biomanufacturing platform.

STACK Infrastructure Announces the Issuance of $290M in Third Structured Debt Financing of 2023

Retrieved on: 
Wednesday, November 15, 2023

DENVER, Nov. 15, 2023 (GLOBE NEWSWIRE) -- STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, today announced the issuance of $290 million in securitized notes (the “Notes”) at a fixed interest rate coupon of 5.900%.

Key Points: 
  • DENVER, Nov. 15, 2023 (GLOBE NEWSWIRE) -- STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, today announced the issuance of $290 million in securitized notes (the “Notes”) at a fixed interest rate coupon of 5.900%.
  • This marks STACK’s third such transaction of 2023 and seventh since 2019.
  • STACK has cumulatively raised $2.59 billion in Notes, rated “A-” by Standard & Poor’s, via its master trust program.
  • With the increasing demand for high-density data center capacity, STACK’s extensive portfolio, utilizing a proven AI-ready data center design, continues to expand.

KBRA Assigns Preliminary Ratings to Blue Bridge Funding LLC 2023-1

Retrieved on: 
Wednesday, December 13, 2023

KBRA assigns preliminary ratings to four classes of notes issued by Blue Bridge Funding 2023-1 LLC (Blue Bridge 2023-1) an equipment ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by Blue Bridge Funding 2023-1 LLC (Blue Bridge 2023-1) an equipment ABS transaction.
  • Blue Bridge 2023-1 represents Blue Bridge Financial, Inc.’s (Blue Bridge or the Company) first ABS transaction.
  • Blue Bridge is an independent finance company providing small and medium-sized businesses with secured loans and leases for revenue-producing, essential-use equipment.
  • Founded in 2009, Blue Bridge originally employed an originate to sell strategy.

KBRA Releases Research – KBRA’s European Securitisation Survey: Positive Start to New Year

Retrieved on: 
Wednesday, December 13, 2023

KBRA UK (KBRA) releases a report involving the results of its December 2023 European securitisation investor survey.

Key Points: 
  • KBRA UK (KBRA) releases a report involving the results of its December 2023 European securitisation investor survey.
  • KBRA surveyed European structured finance investors to gauge their recent views and expectations regarding the market.
  • This report aggregates and analyses the responses for KBRA’s fourth European investor survey, revealing a broadly positive picture for European securitisation markets.
  • Investor expectations are the most positive since the first KBRA survey in June 2022, with most respondents anticipating a tightening bias in European securitisation markets.

Belgian, Port Houston and Partners Sign Memorandum of Understanding on Energy Transition Cooperation

Retrieved on: 
Sunday, December 10, 2023

Alexander De Croo, Prime Minister of Belgium, witnessed the signing of a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners to boost transatlantic cooperation on the green transition.

Key Points: 
  • Alexander De Croo, Prime Minister of Belgium, witnessed the signing of a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners to boost transatlantic cooperation on the green transition.
  • View the full release here: https://www.businesswire.com/news/home/20231209154654/en/
    Following the MOU signing at the Greater Houston Partnership, the dignitaries and officials met at Port Houston.
  • From left to right: Port Houston Chief Infrastructure Officer and Blue Sky Boardmember Rich Byrnes; Ambassador, Consul General of Belgium in New York Filip Vanden Bulcke; International Development Manager, Port of Antwerp-Bruges, Wim Dillen; Port Houston Chairman Ric Campo; Port Houston Chief Government and Public Relations Officer Kerrick Henny; Prime Minister of Belgium Alexander De Croo (center front); Port Houston Commissioner Dean Corgey; U.S.
  • "Our history of collaboration between Port Houston and Port of Antwerp-Brugge, and between Texas and Belgium, is a century in the making.

KBRA Assigns Preliminary Ratings to APL Finance 2023-1 Designated Activity Company

Retrieved on: 
Friday, December 8, 2023

KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four series of notes issued by APL Finance 2023-1 Designated Activity Company and APL Finance 2023-1 LLC (together, Ashland 2023-1), an aviation loan ABS transaction.
  • Ashland 2023-1 represents the inaugural aviation loan ABS transaction that is sponsored and serviced by Ashland Place Finance LLC (APL or the Company).
  • The Company is owned by Davidson Kempner Capital Management LP (DKCM), and, together with DKCM, is comprised of over 500 individuals operating out of seven offices with headquarters in New York City.
  • Proceeds from the Notes will be used to acquire a portfolio of 11 loan facilities (the Facilities) comprised of 26 loans (the Assets, and together with the Facilities, the Portfolio).

KBRA Assigns Preliminary Ratings to Carvana Auto Receivables Trust 2023-P5

Retrieved on: 
Wednesday, December 6, 2023

KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P5 (“CRVNA 2023-P5”), a prime auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P5 (“CRVNA 2023-P5”), a prime auto loan ABS transaction.
  • The transaction includes a Class N reserve account which can be used to pay any Class N interest shortfalls.
  • CRVNA 2023-P5, represents the ninth term ABS securitization for Carvana, LLC (“Carvana” or the “Company”) in 2023, the 13th under its prime shelf, and the 27th overall.
  • KBRA considered its operational review of Carvana as well as periodic update calls with the Company.

Global Plastics Circular Economy Industry Report 2023 - ResearchAndMarkets.com

Retrieved on: 
Monday, December 4, 2023

The "Growth Opportunities in a Circular Economy for Plastics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Growth Opportunities in a Circular Economy for Plastics" report has been added to ResearchAndMarkets.com's offering.
  • This study will provide a comprehensive understanding of the circular economy for plastics by exploring two key areas: the market for recycled plastics and a qualitative analysis of methods to enhance plastics circularity.
  • It expands on the publisher's understanding of the demand for recycled plastics and their prospects in a circular economy framework.
  • This analysis provides insights into the feasibility and potential impact of implementing circular economy practices in the plastic industry.

Bay-Houston Towing Announces Contract with Sterling Shipyard to Build Multiple High-Performance Robert Allan Ltd. Designed RAstar 3200-W Tugs

Retrieved on: 
Wednesday, November 29, 2023

The RAstar 3200-W is a high-performance ASD ship handling and escort tug designed for berthing/unberthing large ships and providing escort and emergency response in exposed coastal areas with demanding sea states.

Key Points: 
  • The RAstar 3200-W is a high-performance ASD ship handling and escort tug designed for berthing/unberthing large ships and providing escort and emergency response in exposed coastal areas with demanding sea states.
  • A pair of EMD 16 E23B HD Tier 4 EPA compliant engines will power two model SRP-610 FP Schottel drives.
  • The tugs unique sponsoned RAstar hull form coupled with 8800 horsepower is designed to produce an impressive 116 short tons (105 metric tonnes) of direct bollard pull.
  • Through the many decades of service, Bay-Houston Towing has continually invested in its people and equipment.