Service companies

Mercer International Inc. Announces 30 Days Downtime at its Celgar Mill

Friday, May 29, 2020 - 9:30pm

NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer") (Nasdaq: MERC) reports that its Celgar mill, in addition to regularly planned maintenance downtime of five days, will be taking approximately 30 days of additional downtime (aggregate 52,000 ADMTs) in July 2020.

Key Points: 
  • NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer") (Nasdaq: MERC) reports that its Celgar mill, in addition to regularly planned maintenance downtime of five days, will be taking approximately 30 days of additional downtime (aggregate 52,000 ADMTs) in July 2020.
  • Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber.
  • To obtain further information on the company, please visit its website at https://www.mercerint.com .
  • Words such as "expects", "anticipates", "projects", "intends", "designed", "will", "believes", "estimates", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements.

Pier 1 Provides Details of Court Hearing to Approve Wind‑Down of Business Operations

Friday, May 29, 2020 - 4:04pm

The Company is currently continuing to serve customers through Pier1.com, and orders are being processed and filled.

Key Points: 
  • The Company is currently continuing to serve customers through Pier1.com, and orders are being processed and filled.
  • Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP are serving as legal advisors to Pier 1 in the U.S. and Canada, respectively.
  • AlixPartners LLP is serving as the Companys restructuring advisor and Guggenheim Securities, LLC is serving as the Companys investment banker.
  • Founded with a single store in 1962, Pier 1 Imports is a leading omni-channel retailer of unique home dcor and accessories.

Forensic Accounting Market Study, 2015-2025 Featuring Profiles of Leading Players Including Ernst & Young, Deloitte, FTI Consulting, Kroll, Forensic Risk Alliance, and McGrathnicol Services

Friday, May 29, 2020 - 3:00pm

The Global Forensic Accounting Market is expected to witness a brisk growth rate during the next five years.

Key Points: 
  • The Global Forensic Accounting Market is expected to witness a brisk growth rate during the next five years.
  • Forensic accounting uses efficient investigation skills to keep a track of the complex financial records in order to solve finance-related problems and cybercrimes.
  • Moreover, forensic accounting helps to reduce risks associated with contracts, thereby, fueling the forensic accounting market, globally.
  • Leading players in the Global Forensic Accounting Market include Ernst & Young LLP, Deloitte LLP, FTI Consulting Inc, Kroll LLC, Forensic Risk Alliance Ltd, McGrathnicol Services Pty Ltd, K2 Intelligence LLC, Grant Thornton LLP, AlixPartners LLP, Hemming Morse LLP, etc.

 Bain Capital Specialty Finance, Inc. Prices Offering of $115.0 Million Unsecured Notes Due 2023

Friday, May 29, 2020 - 1:31pm

Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the Company, our or we) announced today that it has priced an offering of $115.0 million aggregate principal amount of 8.500% senior unsecured notes due 2023 (the Notes).

Key Points: 
  • Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the Company, our or we) announced today that it has priced an offering of $115.0 million aggregate principal amount of 8.500% senior unsecured notes due 2023 (the Notes).
  • The Notes will mature on June 10, 2023 and are subject to a two-year non-call period, unless redeemed earlier at par plus a make-whole premium.
  • In connection with the Notes offering, the Company amended certain terms of its existing credit facility with Goldman Sachs Bank USA.
  • About Bain Capital Specialty Finance, Inc.
    Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle-market companies.

Zillow's Weekly Market Report Shows Buyers and Sellers Returning

Friday, May 29, 2020 - 1:00pm

SEATTLE, May 29, 2020 /PRNewswire/ --This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week.

Key Points: 
  • SEATTLE, May 29, 2020 /PRNewswire/ --This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week.
  • Inventory continues to be incredibly tight -- one reason list prices are growing faster than they were in April.
  • Partly on the strength of that rebound, Zillow's forecast now shows an expected 1.8% drop in home prices through October, up from the 2.7% drop expected just weeks ago.
  • New for-sale listings remain down 17.8% year over year, but more recent numbers show more sellers are putting their homes up for sale.

Ceridian Completes Acquisition of Singapore-based Excelity Global

Friday, May 29, 2020 - 12:00pm

MINNEAPOLIS and TORONTO and SINGAPORE, May 29, 2020 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has completed the acquisition of Excelity Global Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider from the Everstone Group.

Key Points: 
  • MINNEAPOLIS and TORONTO and SINGAPORE, May 29, 2020 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has completed the acquisition of Excelity Global Solutions Pte Ltd. (Excelity), an Asia-based HCM service provider from the Everstone Group.
  • The acquisition of Excelity is an important next step in our global expansion and builds on our recent investment in Australia and New Zealand.
  • As we welcome the Excelity team to Ceridian, we are strengthening our commitment to our customers in the highly attractive APJ region, said Stephen Moore, Head of Asia Pacific Japan, Ceridian.
  • Ceridian HCM Holding Inc. (Ceridian) is a global human capital management software company.

DGAP-News: Petro Welt Technologies AG: Moody's once again confirms Petro Welt Technologies AG's Ba3 rating

Friday, May 29, 2020 - 11:02am

Rating is limited by company's small size compared with its global peers, its concentrated customer base and intensifying pricing pressure and exposure to the Russian market

Key Points: 
  • Rating is limited by company's small size compared with its global peers, its concentrated customer base and intensifying pricing pressure and exposure to the Russian market
    Moody's Investors Service (Moody's) once again confirmed its Ba3 corporate family rating (CFR) with stable outlook for Petro Welt Technologies AG in its annual update.
  • The affirmation of the rating reflects Moody's expectation that the company will have sufficient financial buffer to withstand the market downturn in 2020-21 without a material deterioration in its credit quality.
  • In addition, some improvement in the company's credit quality is possible starting in 2022.
  • According to Moody 's summary, the spreading pandemic has depressed global oil demand and led to a sharp decline in oil prices.

Assimoco Group Selects Moody’s Analytics SolvencyWatch™ Solution

Friday, May 29, 2020 - 2:02am

Moodys Analytics, a global provider of financial intelligence, today announced that its software has been selected by Assimoco Group, an Italian insurance group and the insurance provider for the Italian Cooperative Movement since 1978.

Key Points: 
  • Moodys Analytics, a global provider of financial intelligence, today announced that its software has been selected by Assimoco Group, an Italian insurance group and the insurance provider for the Italian Cooperative Movement since 1978.
  • Assimoco Group will use the Moodys Analytics SolvencyWatch solution to monitor key solvency metrics.
  • The Moodys Analytics SolvencyWatch solution will allow us to monitor our solvency position frequently, accurately, and cost effectively, said Ruggero Frecchiami, General Manager at Assimoco Group.
  • We are delighted that Assimoco Group will be using our SolvencyWatch solution to deliver this vital capability.

SYNNEX Corporation Completes Securitization Renewal

Thursday, May 28, 2020 - 9:30pm

FREMONT, Calif., May 28, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced the successful renewal of its U.S. accounts receivable securitization facility.

Key Points: 
  • FREMONT, Calif., May 28, 2020 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading business process services company, today announced the successful renewal of its U.S. accounts receivable securitization facility.
  • "We believe this successful securitization renewal is a testament to the high-quality of assets in our portfolio, and the continued confidence and commitment from our banking partners," said Marshall Witt, SYNNEX CFO.
  • Statements included in this press release are based upon information known to SYNNEX Corporation as of the date of this release, and SYNNEX Corporation does not intend to update information contained in this press release, except as required by law.
  • SYNNEX, the SYNNEX Logo, CONCENTRIX, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation.

ABM Industries to Announce Second Quarter 2020 Financial Results

Thursday, May 28, 2020 - 9:37pm

NEW YORK, May 28, 2020 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, announced today that it will release its earnings results for the Companys fiscal second quarter 2020 on Wednesday, June 17, 2020, after market close.

Key Points: 
  • NEW YORK, May 28, 2020 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) , a leading provider of facility solutions, announced today that it will release its earnings results for the Companys fiscal second quarter 2020 on Wednesday, June 17, 2020, after market close.
  • ABM will host its quarterly conference call for all interested parties on Thursday, June 18, 2020, at 8:30 AM (ET).
  • ABM (NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $6.5 billion and approximately 140,000 employees in 350+ offices throughout the United States and various international locations.
  • ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909.