Arrears

R.E.A. Trading plc: Proposed issue of £4 million nominal of 9.5 per cent sterling notes 2024

Retrieved on: 
Monday, July 19, 2021
Arrears, Debt, United States dollar, Economy, Currency, Finance

REAT proposes to issue 4 million nominal of 9.5 per cent sterling notes ("Notes") by way of a placing at par with professional investors.

Key Points: 
  • REAT proposes to issue 4 million nominal of 9.5 per cent sterling notes ("Notes") by way of a placing at par with professional investors.
  • Interest on the Notes will be payable half yearly in arrear on 30 June and 31 December in each year.
  • The obligations of the company in respect of the new loan notes are primary obligations of the company.
  • It is expected that dealings in the Notes issued pursuant to the placing will commence on or about 4 August 2021.

Bridgewater Bancshares, Inc. Completes Private Placement of $30.0 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes

Retrieved on: 
Thursday, July 8, 2021
Banking, Professional services, Finance, Debt, Arrears, Bridgewater, Floating rate

Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank, today announced the completion of a private placement of $30.0 million in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes).

Key Points: 
  • Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank, today announced the completion of a private placement of $30.0 million in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031 (the Notes).
  • The Notes will initially bear interest at a rate of 3.25% per annum from July 8, 2021 to July 15, 2026, with interest during this period payable semi-annually in arrears.
  • The Notes are redeemable by the Company, in whole or in part, on or after July 15, 2026, and at any time upon the occurrence of certain events.
  • The Notes have been structured to qualify as Tier 2 capital for the Company for regulatory capital purposes.

Southern BancShares (N.C.), Inc. Announces Completion Of $80 Million Subordinated Debt Offering

Retrieved on: 
Wednesday, June 23, 2021
Money, Finance, Interest rates, Economy, Arrears, Debt, SOFR, Accounts payable, Floating rate

Until June 30, 2026, the Notes will bear interest at a fixed annual rate of 3.125%, payable semi-annually in arrears.

Key Points: 
  • Until June 30, 2026, the Notes will bear interest at a fixed annual rate of 3.125%, payable semi-annually in arrears.
  • Thereafter, the Notes will bear interest at a floating rate equal to the three-month term SOFR plus 241 basis points, payable quarterly in arrears.
  • The Company intends to use the net proceeds of the offering for general corporate purposes.
  • served as legal counsel to the Company andWyrick Robbins Yates & Ponton LLP served as legal counsel to the placement agent.

Bentley Systems Announces Launch of Private Offering of Convertible Senior Notes

Retrieved on: 
Tuesday, June 22, 2021
Technology, Manufacturing, Semiconductor, Security, Telecommunications, Photography, Software, Nanotechnology, Engineering, Hardware, Electronic design automation, Finance, Debt, Money, Contract law, Option, Arrears, Convertible security, Bentley, Corporate finance

Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.

Key Points: 
  • Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.
  • The Notes will be senior unsecured obligations of Bentley and will accrue interest payable semiannually in arrears.
  • The Notes will be convertible into cash, shares of Bentleys Class B common stock (common stock) or a combination thereof at Bentleys election.
  • The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing of the offering.

Update on legal proceedings

Retrieved on: 
Tuesday, June 15, 2021
Finance, Money, Real property law, Landlord–tenant law, Arrears, Debt, Economy, Land tenure, Leasing, Leasehold estate, Rent control in Scotland

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Further to the Company's announcement of 23 April 2021 regarding the successful outcome of its legal action against two well-funded national tenants to recover unpaid rent, the Company can report that neither tenant sought the court's permission to appeal the decision of the Master and have now paid all the rent arrears claimed in the proceedings, as well as reaching an agreement on the legal costs incurred.
  • With regards to the outstanding rent arrears that had fallen due for payment since the claims were issued, these amounts have also been paid in full, and as a result the Company has received the full amount of rent arrears of 1,200,566 referred to in the previous announcement on 23 April.

Vroom, Inc. Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, June 14, 2021
Arrears, Debt

The final terms of the notes, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing of the offering.

Key Points: 
  • The final terms of the notes, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing of the offering.
  • When issued, the notes will be senior, unsecured obligations of Vroom, will accrue interest payable semi-annually in arrears and will mature on July 1, 2026, unless earlier repurchased, redeemed or converted.
  • Noteholders will have the right to convert their notes in certain circumstances and during specified periods.
  • All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements relating to the proposed offering.

Retractable Technologies, Inc. Announces Buyback Plan and Payment of All Dividends

Retrieved on: 
Monday, June 7, 2021
Infectious diseases, General Health, Health, Medical Supplies, Financial markets, Finance, Financial economics, Corporate finance, Stock market, Equity securities, Preferred stock, Dividend, SEC Rule 10b-5, Arrears, Stock, SEC Rule 10b5-1

The Plan is structured to comply with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934.

Key Points: 
  • The Plan is structured to comply with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934.
  • The purchases under the Plan are subject to Rule 10b-18 limitations as well as certain price and market volume constraints specified in the Plan.
  • Notwithstanding the terms of the Plan, the exact number of shares which may be purchased pursuant to the Plan is difficult to predict.
  • The Board of Directors has also approved payment to its Class B Convertible Preferred shareholders of all current dividends, dividends in arrears, as well as dividends still owed to shareholders who converted their preferred stock in the past.

Park Hotels & Resorts Inc. Announces Closing of $750 Million of 4.875% Senior Secured Notes Due 2029

Communication, Forward-looking statement, Arrears

The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029.

Key Points: 
  • The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029.
  • The Notes are guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company\xe2\x80\x99s senior credit facilities and existing senior secured notes due 2025 and 2028.
  • Actual results may differ materially from those expressed in these forward-looking statements.
  • Except as required by law, Park undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.\n'

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering

Communication, Forward-looking statement, Arrears

The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029.

Key Points: 
  • The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029.
  • The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company\xe2\x80\x99s senior credit facilities and existing senior secured notes due 2025 and 2028.
  • Actual results may differ materially from those expressed in these forward-looking statements.
  • Except as required by law, Park undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.\n'

The National Capital Bancorp, Inc. Announces Completion of $14 Million Subordinated Debt Offering

Retrieved on: 
Tuesday, May 11, 2021
Banking, Professional services, Finance, Arrears, Debt, Arrears, Debt

The Notes have an initial fixed interest rate of 3.75%, payable semi-annually in arrears.

Key Points: 
  • The Notes have an initial fixed interest rate of 3.75%, payable semi-annually in arrears.
  • The Company intends to use the net proceeds of the offering for general corporate purposes, including to provide capital to support growth and the capital adequacy of the Bank.
  • The Notes were issued at a price of 100% of their face amount.\nPiper Sandler & Co. served as the exclusive placement agent for the Notes offering.
  • For more information about NCB, visit www.nationalcapitalbank.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210511006059/en/\n'