Hilltop Holdings Inc.

InspireSemi Provides Business Update

Retrieved on:

Friday, November 17, 2023

Thunderbird, Hilltop Holdings Inc., AI, Medi-Cal Access Program, HPC

VANCOUVER, British Columbia and AUSTIN, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for HPC, AI, graph analytics, and other compute-intensive workloads, today provided a general business update.

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VANCOUVER, British Columbia and AUSTIN, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for HPC, AI, graph analytics, and other compute-intensive workloads, today provided a general business update.
Added one customer under our Early Access Program (“EAP”), with two additional customers in the procurement stage (previously announced as commitments in the Company’s press release dated July 20, 2023)
Delivered Thunderbird emulator board to a leading U.S. national laboratory
Finalized design enhancements to our Thunderbird chip capabilities and completed a dry run tape out, with completion of final tape out dependent upon raising additional capital
In addition to the non-brokered private placement previously announced in the Company’s press release dated October 31, 2023, the Company explains anticipated capital needs in the near and long-term

Enthusiast Gaming Names Felicia DellaFortuna as Chief Financial Officer

Retrieved on:

Monday, November 13, 2023

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LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) today announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective November 14, 2023.

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LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX) today announced the appointment of Felicia DellaFortuna as Chief Financial Officer, effective November 14, 2023.
Ms. DellaFortuna joins the Company from BuzzFeed, Inc., where she spent the last eight years, most recently serving as Chief Financial Officer since 2020.
“This is a pivotal and exciting time for Enthusiast Gaming as we progress against our strategy to build the most scaled gaming communities in North America and deliver on our promise to achieve and expand profitability,” commented Nick Brien, Chief Executive Officer of Enthusiast Gaming.
“Gaming is the next frontier for digital and Enthusiast Gaming is a powerful platform for gamers and brands.

Clever Leaves Reports Third Quarter 2023 Results

Retrieved on:

Thursday, November 9, 2023

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TOCANCIPÁ, Colombia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) (“Clever Leaves” or the “Company”), a global medicinal cannabis company, is reporting financial and operating results for the third quarter ended September 30, 2023. All financial information is provided in US dollars unless otherwise indicated.

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“Our third quarter results reflect our commitment to enhancing our commercial strategy and Colombian production, as well as optimizing our expenses,” said Andres Fajardo, CEO of Clever Leaves.
Same Year-Ago Quarter1
Revenue in the third quarter of 2023 increased 33% to $3.8 million compared to $2.9 million for the same period in 2022.
The revisions also reflect softness experienced in the first half of the year in the specialty channel of Clever Leaves’ non-cannabinoid segment.
Clever Leaves will conduct a conference call today at 5:00 p.m. Eastern time to discuss its results for the third quarter ended September 30, 2023.

Sonder Holdings Inc. Appoints Tom Buoy as Executive Vice President and Chief Commercial Officer

Retrieved on:

Monday, December 11, 2023

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Sonder Holdings Inc. (NASDAQ: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced the appointment of Tom Buoy as Executive Vice President and Chief Commercial Officer, effective December 11, 2023.

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Sonder Holdings Inc. (NASDAQ: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, today announced the appointment of Tom Buoy as Executive Vice President and Chief Commercial Officer, effective December 11, 2023.
As Executive Vice President and Chief Commercial Officer, Buoy will be responsible for all aspects of revenue generation and strategy, including revenue management, marketing, sales, and distribution.
Additionally, Buoy served as Executive Vice President & Chief Commercial Officer at Radisson Hotel Group Americas, and was part of the company’s Executive Committee.
I’m excited to transition into the company to oversee all aspects of topline revenue growth, combining industry best practices with disruptive thinking, at this key moment in Sonder’s journey to profitability,” said Tom Buoy, incoming Executive Vice President and Chief Commercial Officer at Sonder.

PrimeLending Welcomes 12 New Loan Originators to Lone Star Region

Retrieved on:

Monday, December 11, 2023

National residential mortgage lender PrimeLending, a PlainsCapital Company, announces the addition of 12 loan originators to the Lone Star region this fall, bringing the total number of new hire loan originators to the north and west Texas areas to 33 since June 2023.

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National residential mortgage lender PrimeLending, a PlainsCapital Company, announces the addition of 12 loan originators to the Lone Star region this fall, bringing the total number of new hire loan originators to the north and west Texas areas to 33 since June 2023.
PrimeLending’s latest Lone Star Region new hires are:
Nikki Thompson (NMLS# 809823), Loan Originator, Midland, TX
Donovan Stamps (NMLS# 865025), Loan Originator, National Relocation Branch, Dallas
Kimberlee Brewer (NMLS# 2265179), Loan Originator, Abilene, TX
Shawn Winter (NMLS# 2433320), Loan Originator, Abilene, TX
Adriana Calderon (NMLS# 1483894), Loan Originator, Odessa, TX
John Muhammad (NMLS# 1498175), Branch Manager, Arlington, TX
Mario Boone (NMLS# 386943), Loan Originator, Arlington, TX
Dominique Long (NMLS# 2124855), Loan Originator, Arlington, TX
Hugo Ortiz (NMLS# 524657), Branch Manager, Clearfork, TX
Lindsey Masch (NMLS# 2009277), Loan Originator, Midland, TX
John Farrell (NMLS# 430110), Loan Originator, National Relocation Branch, Dallas
Stacy Cornejo (NMLS# 1142198), Loan Originator, Midland, TX
"A warm welcome to the 12 talented individuals joining PrimeLending's Lone Star Region," said Dawn Robinson, Lone Star Regional Manager at PrimeLending.
Locally, PrimeLending ranked #7 in the 2023 Top 100 Places to Work by Dallas Morning News2.
PrimeLending is a national home lender combining personal guidance and local expertise with fast service, more loan choices, and the flexibility to meet homeowners’ unique needs.

Torrid Elevates Paula Dempsey to Chief Financial Officer

Retrieved on:

Thursday, December 7, 2023

Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced the promotion of Paula Dempsey to the role of Chief Financial Officer (CFO).

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Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced the promotion of Paula Dempsey to the role of Chief Financial Officer (CFO).
Ms. Dempsey has extensive retail experience and has held senior leadership roles in publicly-held companies in finance and financial planning and analysis.
Lisa Harper, Chief Executive Officer, stated, “I am delighted to announce that after an extensive search, we have chosen Paula as our new CFO.
I am confident that Paula is the right person to lead our finance organization.”
“I am excited to assume the role of Chief Financial Officer of Torrid,” said Ms. Dempsey.

Kinetik Prices $500 Million Sustainability-Linked Senior Notes Offering Due 2028

Retrieved on:

Monday, December 4, 2023

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Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $500 million sustainability-linked senior notes due 2028 (the “Senior Notes”).

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Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $500 million sustainability-linked senior notes due 2028 (the “Senior Notes”).
The Senior Notes were priced at par.
The Senior Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15 and December 15 of each year.
The Senior Notes will be fully and unconditionally guaranteed by Kinetik.

Kinetik Announces $500 Million Sustainability-Linked Senior Notes Offering

Retrieved on:

Monday, December 4, 2023

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $500 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

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Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $500 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
The Senior Notes will be fully and unconditionally guaranteed by Kinetik.
The interest rate on the Senior Notes will be linked to Kinetik’s performance against sustainability performance targets related to greenhouse gas (“GHG”) and methane emissions reduction targets and the representation of women in corporate officer positions.
Kinetik published a Sustainability-Linked Financing Framework (the “Framework”) on May 16, 2022 and obtained a second party opinion (“SPO”) on the Framework from ISS ESG.

Hilltop Holdings Inc. Announces Pending Retirement of PlainsCapital Bank President and CEO Jerry Schaffner in May 2024

Retrieved on:

Monday, November 20, 2023

Banking, Professional Services, Finance, HTH, NYSE, PlainsCapital Bank, Ford, Bank, Hilltop, Hilltop Holdings Inc., Multimedia, Rest, Lloyds Banking Group, Schaffner, Retirement, Family, Management

Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced that Jerry Schaffner, President and CEO of Hilltop’s banking subsidiary, PlainsCapital Bank (the “Bank”), is retiring on May 1, 2024.

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Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced that Jerry Schaffner, President and CEO of Hilltop’s banking subsidiary, PlainsCapital Bank (the “Bank”), is retiring on May 1, 2024.
At that time, Hilltop President and CEO Jeremy B. Ford will become CEO of PlainsCapital Bank.
Schaffner will continue to serve on PlainsCapital Bank’s board of directors, and Ford will continue to serve as President and CEO of Hilltop and Chairman of PlainsCapital Bank following the transition.
“Jerry has been a friend and mentor for more than three decades and I congratulate him on his pending retirement.

IQVIA Announces Upsizing of its Allocation of New Term B Loans

Retrieved on:

Friday, November 17, 2023

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IQVIA Holdings Inc. (NYSE:IQV) (the “Company”) today announced that its wholly-owned subsidiary, IQVIA Inc. (the “Borrower”), allocated a new term B loan due 2031 of approximately $1,500 million (the “New Term Loan B”), which was upsized due to lender demand.

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IQVIA Holdings Inc. (NYSE:IQV) (the “Company”) today announced that its wholly-owned subsidiary, IQVIA Inc. (the “Borrower”), allocated a new term B loan due 2031 of approximately $1,500 million (the “New Term Loan B”), which was upsized due to lender demand.
The proceeds from the New Term Loan B, together with the proceeds from the Borrower’s offering of $1,250 million in aggregate principal amount of senior secured notes due 2029 (the “Notes”), are expected to be used to repay the outstanding Euro-denominated term B loan (“TLB”) due in March 2024, the U.S.-denominated TLB due in January 2025 and the U.S.-denominated TLB due in June 2025 under the Borrower’s senior secured credit facilities, and to pay fees and expenses related to the Borrower’s Notes offering and the Borrower’s credit agreement amendment in respect of the New Term Loan B.
In connection with the allocation of the New Term Loan B, the Company entered into a cross-currency swap agreement which will effectively convert the New Term Loan B, upon the closing of such facility, into a euro-denominated borrowing at prevailing euro interest rates to hedge exposure to USD-denominated indebtedness created by the New Term Loan B.
The effective net borrowing rate to the Company will be 4.9015%, inclusive of the yield on the New Term Loan B and the beneficial impact of the cross-currency swap.