LOC

Rego Payment Architectures, Inc. Secures Extension of $20 Million Line of Credit

Retrieved on: 
Tuesday, March 19, 2024
Fintech, COPPA, Privacy, Calendar, Congress, GDPR, Pressure, LOC, Parent, BLUE

BLUE BELL, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it has secured an amendment to its $20 million line of credit (“LOC”) from one of its major investors, Mr. James Davison.

Key Points: 
  • BLUE BELL, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it has secured an amendment to its $20 million line of credit (“LOC”) from one of its major investors, Mr. James Davison.
  • This amendment extends the LOC until March 13, 2025.
  • Peter S. Pelullo, Chief Executive Officer at REGO, said, “This extension positions and solidifies the company’s ability to execute our strategic planning activities for 2024.
  • Banks and credit unions are now looking to FinTech providers like REGO, who can deliver a unique, one-of-a-kind offering that is COPPA & GDPR compliant, for their family wallet solutions.

BOARDWALKTECH SECURES $US4.0 MILLION LINE OF CREDIT FACILITY

Retrieved on: 
Monday, April 1, 2024
Marketing, LOC, Growth, Environment

CUPERTINO, Calif., April 1, 2024 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) - Boardwalktech Software Corp ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to announce that as of March 28, 2024, the Company has secured a three-year $US4.0 million Line-of-Credit ("LOC") facility with Celtic Bank, for growth needs including expansion of its recurring revenue.

Key Points: 
  • CUPERTINO, Calif., April 1, 2024 /PRNewswire/ - (TSXV: BWLK) (OTCQB: BWLKF) - Boardwalktech Software Corp ("Boardwalktech" or the "Company"), a leading digital ledger platform and enterprise software solutions company, is pleased to announce that as of March 28, 2024, the Company has secured a three-year $US4.0 million Line-of-Credit ("LOC") facility with Celtic Bank, for growth needs including expansion of its recurring revenue.
  • The Company expects to use the proceeds of this LOC for sales and marketing expenditures, working capital requirements, and to enhance its balance sheet to drive new business.
  • Key terms of the LOC facility include:
    Interest-only period through the initial three-year term.
  • While the Company continues to progress towards cash-based breakeven, this LOC facility provides Boardwalktech with the flexibility to achieve its growth potential, without relying upon market conditions nor equity sources," said Andrew T. Duncan, CEO of Boardwalktech.

Greystone Housing Impact Investors LP Increases Line of Credit to $50 Million

Retrieved on: 
Wednesday, March 6, 2024
LOC, BankUnited, Partnership, Line of credit, GHI, Investment

OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility (“LOC”) to up to $50 million.

Key Points: 
  • OMAHA, Neb., March 06, 2024 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on March 4, 2024, it closed on a $10 million increase in the maximum available commitment of its secured revolving Line of Credit facility (“LOC”) to up to $50 million.
  • The additional $10 million commitment was provided by a new lender to the Partnership.
  • An affiliate of the Partnership’s general partner provides a deficiency guaranty for the facility.
  • “The increase in LOC commitment provided by a new lender further enhances our available liquidity and demonstrates the Partnership’s ability to obtain additional credit from lenders,” said Kenneth C. Rogozinski, Chief Executive Officer of the Partnership.

Metcalfe’s Market Expands Adoption of Self-Checkout with Toshiba Global Commerce Solutions, North Country Business Products, and LOC Software

Retrieved on: 
Thursday, February 22, 2024
Software, Hardware, Supermarket, Convenience Store, Technology, Retail, Other Technology, Department Stores, Self-checkout, The, Multimedia, POS, Sale, NGA, NCBP, LOC, SCO, Online shopping

Their solution to these challenges is rooted in adopting Toshiba Global Commerce Solutions technology to future-proof their stores.

Key Points: 
  • Their solution to these challenges is rooted in adopting Toshiba Global Commerce Solutions technology to future-proof their stores.
  • The journey with Toshiba expanded in 2023 by integrating more Toshiba Self Checkout System 7 solutions across all locations through innovative partnerships with North Country Business Products (NCBP) and LOC Software.
  • View the full release here: https://www.businesswire.com/news/home/20240222601910/en/
    Metcalfe's Market expanded its adoption of self-service solutions across all locations with the Self Checkout System 7 by Toshiba, which is integrated with NCBP and LOC Software technology.
  • It is imperative to partner with industry leaders like Toshiba, NCBP, and LOC Software, who stand at the forefront of technological innovation.

MEMS in the Global Medical Market: New Report with 2020-2023 Data, CAGR Projections to 2028 and Profiles of Leading Players TE Connectivity, STMicroelectronics, Teledyne Dalsa and Silex Microsystems

Retrieved on: 
Thursday, February 22, 2024
MEMS, Ophthalmology, Regeneration, Drug, DDS, Toxicity, USD, Pressure, Silicon, Intelligence, Permeability, Temperature, Immunology, Cardiology, Honeywell, Growth, Polymer, Teledyne DALSA, ESG, Endocrinology, TE Connectivity, STMicroelectronics, Administration, Glass, Metal, Microelectromechanical systems, Route of administration, Solubility, Proteomics, LOC, Genomics, Diagnosis, Research, Biochemistry

DUBLIN, Feb. 22, 2024 /PRNewswire/ -- The 'Microelectromechanical Systems (MEMS) in Global Medical Markets' report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 22, 2024 /PRNewswire/ -- The 'Microelectromechanical Systems (MEMS) in Global Medical Markets' report has been added to ResearchAndMarkets.com's offering.
  • Of these, microfluidic and LOC devices account for the largest segment of the MEMS device market.
  • In terms of microfluidic devices, the key potential lies in developing cartridges that are highly sensitive, multichannel and multiplexing systems.
  • Competitive intelligence related to leading companies, their global rankings, recent developments, key financials and segmental revenues, and product portfolios
    Profiles of the leading market players, including TE Connectivity, Honeywell International Inc., STMicroelectronics, Teledyne Dalsa, and Silex Microsystems

Origin Bancorp, Inc. Reports Earnings For Fourth Quarter and 2023 Full Year

Retrieved on: 
Wednesday, January 24, 2024
PTPP, OBK, Federal, Florida Panhandle, FHLB, Federal Reserve, LOC, Federal funds, Sale, GAAP, EPS, Three Months, Growth

Adjusted pre-tax, pre-provision (“adjusted PTPP”)(1) earnings was $26.7 million for the quarter ended December 31, 2023, compared to $30.7 million for the linked quarter.

Key Points: 
  • Adjusted pre-tax, pre-provision (“adjusted PTPP”)(1) earnings was $26.7 million for the quarter ended December 31, 2023, compared to $30.7 million for the linked quarter.
  • Adjusted diluted earnings per common share(1) was $0.60 for the quarter ended December 31, 2023, compared to $0.71 for the linked quarter.
  • Provision for credit losses was $2.7 million for the quarter ended December 31, 2023, compared to $3.5 million for the linked quarter.
  • The average rate on interest-bearing deposits increased to 3.71% for the quarter ended December 31, 2023, compared to 3.47% for the quarter ended September 30, 2023.

First Phosphate Closes Second Tranche of Oversubscribed Private Placement for Total Current Financing of $7.5 Million

Retrieved on: 
Tuesday, January 2, 2024
Workforce, Bank, Government, Sale, RSU, Indian stock exchange, Phosphate, Person, Multilateral, Legislation, News, Line of credit, Business development, LOC, Option, Minority, Creditor, OTC, Policy, Exercise, Offering, Security (finance)

The offering including the Second Tranche were largely oversubscribed by a factor of 275%.

Key Points: 
  • The offering including the Second Tranche were largely oversubscribed by a factor of 275%.
  • In our experience, proximity to port and access to infrastructure and workforce are the single largest determinants for the economic viability of any phosphate project.
  • We feel that it will become the first phosphate mine to see production in Quebec.
  • A potential final tranche of the financing is scheduled for closing on or about January 10, 2024.

Vanbridge and GreensLedge Announce Joint Venture and Launch of Alternative Letter of Credit (ALOC) Facility

Retrieved on: 
Monday, December 4, 2023
Other Professional Services, Professional Services, Insurance, Finance, Risk, Casualty, LOC, NAIC, ALOC, CPS, Facility

Convergence Point Solutions has developed a groundbreaking alternative to satisfy these traditional collateral requirements through its ALOC Facility, which creates off-balance sheet credit capacity outside the traditional banking system.

Key Points: 
  • Convergence Point Solutions has developed a groundbreaking alternative to satisfy these traditional collateral requirements through its ALOC Facility, which creates off-balance sheet credit capacity outside the traditional banking system.
  • This replaces and releases their existing collateral dollar for dollar and restores their credit capacity.
  • What makes the ALOC Facility unique is how Convergence Point Solutions manages the risk in the background.
  • The Facility has launched, and companies will be able to join on a monthly basis.

AI-Accelerated Productivity Surge: Turing Unveils a Significant 25% Boost in Software Development Acceleration Through AI-Assisted Experiment

Retrieved on: 
Wednesday, November 8, 2023
Cloud, PRS, LOC, Engineering, Meta, Group C, Cognizant, Synthetic media, Group A, PALO, Entrepreneurship, Data, GPT, Software, Growth, Group B, Lincoln L-head V12 engine, Machine learning, AI, Medical device, Sales, Alan Turing

PALO ALTO, Calif., Nov. 8, 2023 /PRNewswire/ -- Turing, the world's first AI-powered tech services company, today announced the results of its AI-accelerated software development study. The company's experiment, conducted with various Generative AI tools since May, underscores the rapidly evolving technology as a high-impact efficiency and productivity tool for developers and reveals its potential to usher in a fundamental shift in the dynamics between technology and human expertise. The findings of Turing's AI-accelerated development experiment have yielded a 25% average increase in developer productivity, demonstrating generative AI's significant impact on accelerating software project delivery and overall product innovation cycles. The results also show productivity improvement continues over time, indicating generative AI's long-term impact.

Key Points: 
  • PALO ALTO, Calif., Nov. 8, 2023 /PRNewswire/ -- Turing, the world's first AI-powered tech services company, today announced the results of its AI-accelerated software development study.
  • The findings of Turing's AI-accelerated development experiment have yielded a 25% average increase in developer productivity, demonstrating generative AI's significant impact on accelerating software project delivery and overall product innovation cycles.
  • The results also show productivity improvement continues over time, indicating generative AI's long-term impact.
  • "The software development landscape is evolving, with AI enhancing rather than replacing the central role of engineers," said Jonathan Siddharth, Turing's CEO and Co-Founder.

Twists and Turns in the Fronting Market - What's Next?

Retrieved on: 
Tuesday, November 7, 2023
Conning, Research, Insurance, Sale, LOC, Fraud, News, Growth, MGA, Letter of credit, Management

HARTFORD, Conn., Nov. 7, 2023 /PRNewswire/ -- The fronting market has been on a roller coaster in 2023.

Key Points: 
  • HARTFORD, Conn., Nov. 7, 2023 /PRNewswire/ -- The fronting market has been on a roller coaster in 2023.
  • This market was rocked by discovery in July of a massive fraud from Vesttoo-related Letters of Credit.
  • Meanwhile, several new front company formations were announced, and the market has continued its rapid growth through the first half 2023.
  • The Conning report, " As the Fronting World Turns: Recent Developments and Review of Midyear Results " analyzes the major developments over the past few months and provides implications for the future of this market.