Credit line

Natera Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Medical Devices, Women, Genetics, Health Technology, General Health, Consumer, Health, Science, Oncology, Other Science, Tracker, Growth, III, Medicare, SOFR, Colorectal cancer, Foundation Medicine, GAAP, NTRA, Research, Chronic kidney disease, Partnership, UBS, Credit line, Investment, Patient, DNA, Video game, Film industry, Pharmaceutical industry, Natera

Natera, Inc. (NASDAQ: NTRA), a global leader in cell-free DNA testing, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Natera, Inc. (NASDAQ: NTRA), a global leader in cell-free DNA testing, today reported financial results for the third quarter ended September 30, 2023.
  • Delivered gross margin of 45.1% in the third quarter of 2023, compared to 44.7% in the third quarter of 2022.
  • Reduced cash burn to approximately $38 million in the third quarter of 2023, a decrease of approximately 66% compared to the third quarter of 2022.
  • Processed approximately 626,000 tests in the third quarter of 2023, compared to approximately 517,500 tests in the third quarter of 2022, an increase of approximately 21%.

Supernus Enters Into $150 Million Credit Facility

Retrieved on: 
Tuesday, February 14, 2023
UBS, CNS, Central nervous system, Credit line, Credit

ROCKVILLE, Md., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN), a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today announced it entered into a credit line agreement (the “Credit Line”) with UBS Bank USA (“UBS”) providing the Company an uncommitted demand secured line of credit of up to $150 million, which can be drawn at any time.

Key Points: 
  • ROCKVILLE, Md., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN), a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today announced it entered into a credit line agreement (the “Credit Line”) with UBS Bank USA (“UBS”) providing the Company an uncommitted demand secured line of credit of up to $150 million, which can be drawn at any time.
  • Any fixed rate borrowing will bear interest at a fixed interest rate, equal to the sum of the UBS Fixed Funding Rate plus the applicable Percentage Spread established in the Credit Line.
  • Any variable rate borrowing will bear interest at a variable interest rate, equal to the sum of the UBS Variable Rate plus the applicable Percentage Spread established in the Credit Line.
  • “We are pleased to further enhance the strength and flexibility of our balance sheet with this line of credit,” said Jack Khattar, President and CEO.

Porter Capital Corporation Continues Sales Team Growth

Retrieved on: 
Thursday, December 1, 2022
Chief business development officer, AL, Multimedia, Knowledge, Transport, Business development, Invoice, Senior, Credit line, Fashion, Financial services, Online shopping, Q4, Porter

BIRMINGHAM, Ala., Dec. 1, 2022 /PRNewswire/ -- Porter Capital Corporation , a leading provider of working capital solutions, is pleased to announce the addition of Karen Small to the Porter Capital sales team.

Key Points: 
  • BIRMINGHAM, Ala., Dec. 1, 2022 /PRNewswire/ -- Porter Capital Corporation , a leading provider of working capital solutions, is pleased to announce the addition of Karen Small to the Porter Capital sales team.
  • Porter Capital Corporation offers commercial financial services nationwide, in a variety of industries, and has been in business for over 30 years.
  • Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL.
  • To know more about Porter Capital Corporation and how it can be a working capital solution provider for businesses, call 1-888-866-PORT or visit its official website.

Porter Capital Corporation Welcomes New Sales Team Members

Retrieved on: 
Tuesday, November 8, 2022
Senior, Industry, Credit line, Growth, Transport, Creativity, Chief business development officer, Fontenot, CEO, Business development, Southwestern United States, Efficiency, Invoice, Solution, AL, Multimedia, Time, Fashion, Bank, Online shopping, Porter

BIRMINGHAM, Ala., Nov. 8, 2022 /PRNewswire/ -- Porter Capital Corporation, a leading provider of working capital solutions, is pleased to announce the additions of Tanya Fontenot and Robert (Bob) Reagan to the Porter Capital sales team.

Key Points: 
  • BIRMINGHAM, Ala., Nov. 8, 2022 /PRNewswire/ -- Porter Capital Corporation, a leading provider of working capital solutions, is pleased to announce the additions of Tanya Fontenot and Robert (Bob) Reagan to the Porter Capital sales team.
  • "At Porter Capital, we are preparing for a record breaking 2023 and growing our sales team is a big part of our plan for the new year.
  • Porter Capital Corporation and the transportation division, Porter Freight Funding , continue to grow by providing innovative working capital solutions and exceptional customer service.
  • To know more about Porter Capital Corporation and how it can be a working capital solution provider for businesses, call 1-888-866-PORT or visit its official website.

31st Annual Bird 'N Hand Event Connects Leaders and Supports Community

Retrieved on: 
Tuesday, November 1, 2022
Porter, CEO, AL, Efficiency, Invoice, Industry, Transport, CPAS, Credit line, Multimedia, Bird, Fashion, Operation, United Way

BIRMINGHAM, Ala., Nov. 1, 2022 /PRNewswire/ -- Porter Capital Corporation ,a leading provider of working capital solutions, co-hosted the 31st annual Bird 'N Hand event with BMSS Advisors and CPAs on October 21, 2022, at the beautiful Selwood Farm in Alpine, Alabama.

Key Points: 
  • BIRMINGHAM, Ala., Nov. 1, 2022 /PRNewswire/ -- Porter Capital Corporation ,a leading provider of working capital solutions, co-hosted the 31st annual Bird 'N Hand event with BMSS Advisors and CPAs on October 21, 2022, at the beautiful Selwood Farm in Alpine, Alabama.
  • We will continue to support United Way and encourage Bird 'N Hand attendees to show their support as well," said Marc Porter, CEO of Porter Capital.
  • Most Bird 'N Hand attendees are from the finance industry and this year over 24 banks were represented.
  • "The Bird 'N Hand event is a great opportunity to make new business connections and share industry updates.

Bank of America Announces Small Business Down Payment Grant Program to Drive Women and Minority Business Growth

Retrieved on: 
Tuesday, August 30, 2022
Digital, Partnership, NYSE, Program, Small business, Small Business Administration, Bank of America, Scientific Research and Experimental Development Tax Credit Program, SBA, Solution, Seneca Women's Encampment for a Future of Peace and Justice, Ownership, Credit, Transformation, Seneca, Multimedia, New, Risk management, Today, Nidec-Shimpo America Corporation, Credit line, News, Capital, Business, O'Hara, U.S. Treasury, Woman, Bank, Real estate, Financial services, Construction, Online shopping

CHARLOTTE, N.C., Aug. 30, 2022 /PRNewswire/ -- Bank of America today announced the launch of a Small Business Down Payment Grant Program to drive business growth and help create generational wealth opportunities for minority and women business owners.

Key Points: 
  • The program will be available for eligible women and minority business owners applying for Small Business Administration (SBA) 504 and 7(a) commercial real estate loans.
  • Program eligibility requirements also necessitate 51% women or minority business ownership and owner occupancy, and a 5% minimum down payment from the applicant.
  • Additionally, Bank of America small business specialists will team up with local small business-centric non-profit partners to provide financial education services.
  • Bank of America is committed to helping small business owners in local communities across the country through numerous resources beyond the Small Business Down Payment Grant Program, including:
    Secured Credit Offerings : The previously announced Bank of America Secured Business Advantage Credit Line launched last week, offering a credit line from $1,000 to $50,000 to business owners.

AXIS Announces Actions to Advance Leadership in Specialty Underwriting

Retrieved on: 
Tuesday, June 7, 2022
Professional Services, Insurance, Finance, AXS, Linda, Shift, Leadership, Eye, Head, AXIS, Company, AXIS Capital, CEO, Partnership, CUO, Executive Committee, International, Cyber, Digital, Solution, Credit line, Accident, Growth, NYSE, International finance, Excellent, Commitment, Board, Credit, Efficiency, S&P Global Ratings, Climate change, Financial services, Reinsurance, Retail, Management, Specialty, Casualty

With the refocus of AXIS Re, AXIS Re CEO Steve Arora will leave the Company on December 31, following nearly five years with the organization.

Key Points: 
  • With the refocus of AXIS Re, AXIS Re CEO Steve Arora will leave the Company on December 31, following nearly five years with the organization.
  • Steve demonstrated impressive leadership and led the transformation of AXIS Re into a specialist reinsurer," said Mr. Benchimol.
  • I'm confident that the actions announced today will accelerate the positive momentum across the company," said Mr. Arora.
  • I look forward to working with the team to build on the positive momentum thats been achieved in recent years as we advance our efforts to achieve leadership in specialty underwriting, said Mr. Tizzio.

Porter Capital Corporation Forges Partnership with kathy ireland® Worldwide

Retrieved on: 
Tuesday, April 26, 2022
CEO, Small business, Woman, WWD, Association, Aberdeen International Youth Festival, AL, Invoice, Transport, Music, Women's Wear Daily, Organization, James Madison Program in American Ideals and Institutions, Television, Cosmetics, Growth, Efficiency, Credit line, Camping World, Princeton University, Stock, Telehealth, Publishing, View, Elizabeth Taylor, Insurance, Science and technology in Asia, Solution, PETS, Man, Marketing, Lighting, Multimedia, Industry, Sport, Partnership, Ambassador, Character, Elections in Northern Ireland, Senior, Professional, Kathy, Knowledge, Fashion, Interior design, Management, Porter

BIRMINGHAM, Ala., April 26, 2022 /PRNewswire/ -- Porter Capital Corporation , a leading provider of working capital solutions, is pleased to announce our partnership with kathy ireland Worldwide .

Key Points: 
  • BIRMINGHAM, Ala., April 26, 2022 /PRNewswire/ -- Porter Capital Corporation , a leading provider of working capital solutions, is pleased to announce our partnership with kathy ireland Worldwide .
  • Ms. Ireland, personally, and kathy ireland Worldwide, as a company, work to do good and help other individuals and businesses succeed.
  • We look forward to joining forces in this mission," said Marc Porter, CEO of Porter Capital.
  • Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL.

Nexo Launches First Card Backed by a Crypto Credit Line With Mastercard and DiPocket

Retrieved on: 
Wednesday, April 13, 2022
Networks, Finance, Banking, Data Management, Professional Services, Technology, Mobile, Wireless, Security, Bitcoin, Ethereum, Tether, Zero, NEXO, CEO, Open banking, Mastercard, APR, SEPA, Culture, Google, Corporate bond, LTV, OTC, Credit line, Apple Pay, FX, Solution, Exchange, Multimedia, Industry, Partnership, Risk, Partner (business rank), Cryptocurrency, Bank, Nexø, Crypto

Nexo , the leading regulated institution for digital assets, today officially launched the Nexo Card , a first-of-its-kind crypto-backed Mastercard card, in select European markets.

Key Points: 
  • Nexo , the leading regulated institution for digital assets, today officially launched the Nexo Card , a first-of-its-kind crypto-backed Mastercard card, in select European markets.
  • View the full release here: https://www.businesswire.com/news/home/20220413005403/en/
    The Nexo Card the first crypto-backed card that allows users to spend without selling their digital assets.
  • Nexo has teamed up with DiPocket, Nexos card issuer for the new offering in Europe, and Mastercard as the tech company and payment network, to offer various innovative features for the Nexo Card:
    Your Crypto Stays: The Nexo Card is linked to a Nexo-provided, crypto-backed credit line that starts and stays at 0% APR*.
  • 2% Crypto Rewards: Every Nexo Card transaction is equipped with instant crypto cashback, paid out in Bitcoin or in Nexos native NEXO Token.

iRhythm Technologies Announces Amendment to Term Loan Agreement

Retrieved on: 
Tuesday, March 29, 2022
Private Securities Litigation Reform Act, NASDAQ, Term loan, Form, IRTC, Arrhythmia, Growth, SVB, Silicon Valley Bank, CEO, U.S. Securities and Exchange Commission, Senior, Line of credit, Credit line, Silicon, Securities Exchange Act of 1934, Form 10-K, Securities Act of 1933, GLOBE, Maritime Transportation Security Act of 2002, Solution, News, Credit, SAN, Patient, Security (finance), Online gambling, Bank

The Amended Credit Facility is non-dilutive and consists of a term loan of up to $75 million (the Term Loan) and a revolving credit facility of up to $25 million (the Revolving Credit Line).

Key Points: 
  • The Amended Credit Facility is non-dilutive and consists of a term loan of up to $75 million (the Term Loan) and a revolving credit facility of up to $25 million (the Revolving Credit Line).
  • Thirty-five million dollars of the Term Loan has been drawn down at closing to pay in full the approximately $18.5 million outstanding on the term loan under the Existing Credit Facility and to fund working capital.
  • The remaining $40 million of the Term Loan will remain available for iRhythm to draw through December 31, 2023, subject to applicable conditions.
  • These statements include statements regarding the availability of funds under the Term Loan and Credit Facility.