Nationally recognized statistical rating organization

The Sequoia Project Releases Draft QHIN Onboarding and Designation Standard Operating Procedures, Requests Feedback

Retrieved on: 
Monday, May 16, 2022
ONC, Nationally recognized statistical rating organization, Public health, Policy, Common, Government, Review, Sequoia, IAS, SOP, Office of the National Coordinator for Health Information Technology, RCE, GLOBE, Restaurant, Medical device, Security (finance), Participation

The Sequoia Project is requesting feedback on these items before the final documents are released.

Key Points: 
  • The Sequoia Project is requesting feedback on these items before the final documents are released.
  • The feedback we receive through our events, website, and email has been invaluable as we operationalize TEFCA and finalize implementation resources.
  • We look forward to another robust round of engagement regarding the QHIN Onboarding and Designation SOP and the QHIN Application this month.
  • The items being released for review include:
    Draft QHIN Onboarding and Designation Standard Operating Procedure (SOP) , including requirements and criteria for becoming a QHIN, the process that will be used to evaluate applicants, and the required testing processes.

Sachem Capital Corp. Announces Closing of Public Offering of $27.5 Million of 7.125% Notes

Retrieved on: 
Wednesday, May 11, 2022
Nationally recognized statistical rating organization, Rehabilitation, William Blair & Company, CRP, U.S. Securities and Exchange Commission, LLC, GLOBE, National Association, NYSE, Company, European Securities and Markets Authority, Sachem, Oklahoma Insurance Commissioner, Acquisition, Annual report, 4th floor, Note, Egan-Jones Ratings Company, Sale, Credit, EDGAR, National Association of Insurance Commissioners, Attention, Arch Street (Philadelphia), Suite, REIT, Financial Services and Markets Authority (Belgium), Security (finance), Audit

BRANFORD, Conn., May 11, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due 2027 (Notes).

Key Points: 
  • BRANFORD, Conn., May 11, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due 2027 (Notes).
  • The net proceeds of the offering are estimated to be approximately $26.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • Sachem has granted the underwriters a 30-day option to purchase up to an additional $4.125 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

Sachem Capital Corp. Prices Registered Public Offering of $27.5 Million of 7.125% Notes

Retrieved on: 
Friday, May 6, 2022
Nationally recognized statistical rating organization, U.S. Securities and Exchange Commission, Rehabilitation, William Blair & Company, LLC, GLOBE, National Association, NYSE, Company, Committee of Wise Men on the Regulation of European Securities Markets, Security (finance), Oklahoma Insurance Commissioner, Acquisition, Annual report, 4th floor, Note, Egan-Jones Ratings Company, Sale, Credit, EDGAR, European Securities and Markets Authority, National Association of Insurance Commissioners, Attention, Arch Street (Philadelphia), Suite, REIT, Financial Services and Markets Authority (Belgium), Audit

BRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due five years from the date of issuance (Notes).

Key Points: 
  • BRANFORD, Conn., May 06, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $27.5 million aggregate principal amount of 7.125% unsecured, unsubordinated notes due five years from the date of issuance (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $26.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • The company has granted the underwriters a 30-day option to purchase up to an additional $4.125 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

RiverNorth Specialty Finance Corporation Announces Final Results of Repurchase Offer

Retrieved on: 
Thursday, April 7, 2022
Other Professional Services, Professional Services, Finance, Risk, Investment, NYSE, ALPS, Prospectus, Nationally recognized statistical rating organization, Alternative Credit Investments, RSF, DST Systems, LLC, AUM, Income, New, Life insurance, Security (finance), Financial adviser, Fund

RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 195,237 of its outstanding common shares.

Key Points: 
  • RiverNorth Specialty Finance Corporation (the Fund) (NYSE: RSF), a closed-end fund, announced the final results of its repurchase offer for up to 5%, or 195,237 of its outstanding common shares.
  • The repurchase offer expired at 5:00 P.M. Eastern Time on April 6, 2022.
  • Based on information provided by DST Systems, Inc., the depositary for the repurchase offer, a total of 911,101 shares were submitted for redemption and 195,237 shares were repurchased.
  • The information agent for the repurchase offer is DST Systems, Inc. Any questions with regard to the tender offer may be directed to the information agent toll-free at 844-569-4750.

Sachem Capital Corp. Announces Closing of Public Offering of $50.0 Million of 6.00% Notes

Retrieved on: 
Wednesday, March 9, 2022
Sachem, Credit, Attention, Egan-Jones Ratings Company, William Blair & Company, REIT, Company, 4th floor, CRP, European Securities and Markets Authority, Annual report, LLC, U.S. Securities and Exchange Commission, Arch Street (Philadelphia), Nationally recognized statistical rating organization, National Association of Insurance Commissioners, National Association, Acquisition, Note, Oklahoma Insurance Commissioner, NYSE, GLOBE, Sale, Rehabilitation, Suite, EDGAR, Financial Services and Markets Authority (Belgium), Security (finance), Audit

BRANFORD, CT, March 09, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due March 30, 2027 (Notes).

Key Points: 
  • BRANFORD, CT, March 09, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the closing of its previously announced registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due March 30, 2027 (Notes).
  • The net proceeds of the offering are expected to be approximately $48.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the company.
  • Sachem has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes will rank pari passu with all the companys unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future.

Sachem Capital Corp. Prices Registered Public Offering of $50.0 Million of 6.00% Notes

Retrieved on: 
Thursday, March 3, 2022
Nationally recognized statistical rating organization, 4th floor, Arch Street (Philadelphia), Rehabilitation, Committee of Wise Men on the Regulation of European Securities Markets, Security (finance), U.S. Securities and Exchange Commission, Annual report, William Blair & Company, Financial Services and Markets Authority (Belgium), National Association, LLC, Credit, NYSE, Suite, Sale, Egan-Jones Ratings Company, Company, Note, REIT, Acquisition, Attention, EDGAR, National Association of Insurance Commissioners, European Securities and Markets Authority, Oklahoma Insurance Commissioner, GLOBE, Audit

BRANFORD, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due five years from the date of issuance (Notes).

Key Points: 
  • BRANFORD, Conn., March 03, 2022 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announces the pricing of a registered public offering of $50.0 million aggregate principal amount of 6.00% unsecured, unsubordinated notes due five years from the date of issuance (Notes).
  • The net proceeds of the offering to Sachem Capital Corp. are expected to be approximately $48.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by Sachem Capital Corp.
  • Sachem Capital Corp. has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of Notes to cover over-allotments, if any.
  • The Notes have a private credit rating of BBB+ from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Lori H. Price Named Acting Director of the Office of Credit Ratings; Ahmed Abonamah to Leave SEC

Retrieved on: 
Tuesday, February 1, 2022
Leadership, Law, City, OGC, Maryland School, University, Credit, SEC, General counsel, Public, Squire Patton Boggs, Case Western Reserve University School of Law, History of the University of Maryland, College Park, Nationally recognized statistical rating organization, OCR, Pi bond, LLP, U.S. Securities and Exchange Commission, Security (finance), Disclosure, Private practice, Associate, Financial adviser

Washington, D.C.--(Newsfile Corp. - February 1, 2022) - The Securities and Exchange Commission today announced that Lori H. Price will serve as Acting Director of the Office of Credit Ratings (OCR).

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - February 1, 2022) - The Securities and Exchange Commission today announced that Lori H. Price will serve as Acting Director of the Office of Credit Ratings (OCR).
  • Ms. Price replaces Ahmed A. Abonamah, who is leaving the agency at the beginning of February to serve as Chief Financial Officer for the City of Cleveland.
  • Mr. Abonamah was named Director of OCR in November 2021, after serving as Acting Director since October 2020.
  • He joined the SEC in 2016 and has served in a variety of positions within the SECs Office of Municipal Securities, including Deputy Director.

Percent to Tap MTAG's Expertise to Bring Collateral Verification to Private Credit Ecosystem

Retrieved on: 
Tuesday, February 1, 2022
Percentage, Ecosystem, LLC, Technology, Efficiency, Risk management, Partner, Credit, Partnership, PACE, Nationally recognized statistical rating organization, AMSS, Acquisition, ABS, Industry, Solution, SOC, Bank

Effective immediately, Percent will start implementing MTAG's Asset Management Support Services ("AMSS") collateral verification solution across its platform.

Key Points: 
  • Effective immediately, Percent will start implementing MTAG's Asset Management Support Services ("AMSS") collateral verification solution across its platform.
  • This will entail verifying loan tape data for select receivables and other transaction related information for each originator on Percent's platform.
  • "We are bringing the due diligence processes seen in the heavily regulated public markets to all transactions on our private credit platform.
  • Founded in 2018, the company leverages proprietary technologies, integrations, and data to bring first-of-its-kind transparency and efficiency to lenders and credit transactions.

SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations

Retrieved on: 
Monday, January 31, 2022
Nationally recognized statistical rating organization, Control, Credit, SEC, NRSRO, ESG, Commission, OCR, Compliance, Security (finance), U.S. Securities and Exchange Commission, Financial adviser, Risk management, Audit

Washington, D.C.--(Newsfile Corp. - January 31, 2022) - The Securities and Exchange Commission today issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs), providing a summary of the SEC staffs examinations of NRSROs and discussing the state of competition, transparency, and conflicts of interest among NRSROs.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - January 31, 2022) - The Securities and Exchange Commission today issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs), providing a summary of the SEC staffs examinations of NRSROs and discussing the state of competition, transparency, and conflicts of interest among NRSROs.
  • In past years, the SEC's Office of Credit Ratings (OCR) covered these subject areas in two separate annual reports.
  • The combined report includes a variety of substantive and organizational changes to provide greater transparency about NRSROs and their credit ratings businesses, and the market more broadly.
  • "The oversight of Nationally Recognized Statistical Rating Organizations is critical to the Commission's focus on investor protection," said SEC Chair Gary Gensler.

Toorak Capital Partners 2021 Year in Review

Retrieved on: 
Monday, January 24, 2022
Finance, Other Construction & Property, Professional Services, Residential Building & Real Estate, Construction & Property, Income, Business development, Nationally recognized statistical rating organization, KBRA, Conference, Commercial, Growth, Toorak, CrossHarbor Capital Partners, Industry, KKR, Multimedia, Head, DSCR, Securitization, Real estate

Toorak launched Toorak Connect , a fast and easy proprietary loan buying system for local partners to quickly sell/buy loans online and gain full transparency into the entire process.

Key Points: 
  • Toorak launched Toorak Connect , a fast and easy proprietary loan buying system for local partners to quickly sell/buy loans online and gain full transparency into the entire process.
  • With capital commitments from entities managed by KKR, a leading global investment firm, Toorak Capital Partners has revolutionized the way business purpose residential real estate lenders access capital.
  • To learn more about Toorak Capital Partners correspondent lending platform, please contact the firm at [email protected] or 212-393-4100.
  • Toorak Capital Partners is an integrated correspondent lending platform based in Summit, NJ.