LLC

GPD Companies, Inc. Announces Successful Consent Solicitation

Monday, September 20, 2021 - 11:00pm

In light of the successful Consent Solicitation, the Company intends, subject to market and other conditions, to obtain an increase in commitments under its existing ABL credit agreement.

Key Points: 
  • In light of the successful Consent Solicitation, the Company intends, subject to market and other conditions, to obtain an increase in commitments under its existing ABL credit agreement.
  • The Company has executed a supplemental indenture (the Supplemental Indenture) to the Indenture to effect the Amendment approved in the Consent Solicitation.
  • This press release contains forward-looking statements, including with respect to the Consent Solicitation.
  • GPD Companies, Inc. is a leading group of global value-added distributors formed by One Rock Capital Partners, LLC.

InvenTrust Properties Corp. to Pursue a Listing on the New York Stock Exchange

Monday, September 20, 2021 - 10:32pm

InvenTrust Properties Corp. (InvenTrust, IVT or the Company) today announced that the Board of Directors and management will pursue a listing on the New York Stock Exchange in order to provide liquidity to its shareholders.

Key Points: 
  • InvenTrust Properties Corp. (InvenTrust, IVT or the Company) today announced that the Board of Directors and management will pursue a listing on the New York Stock Exchange in order to provide liquidity to its shareholders.
  • The Company intends to list its common stock on the New York Stock Exchange under the ticker symbol IVT.
  • We believe pursuing a direct listing at this time will provide immediate liquidity in the most efficient manner for our current shareholders.
  • Additionally, the Company announced that, in connection with a potential NYSE listing, it intends to commence a $100 million modified Dutch Auction tender offer.

SOAR Technology Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

Monday, September 20, 2021 - 10:30pm

SOAR Technology Acquisition Corp. (the "Company"), a special purpose acquisition company, announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.

Key Points: 
  • SOAR Technology Acquisition Corp. (the "Company"), a special purpose acquisition company, announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which included 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option.
  • Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant.
  • J.P. Morgan Securities LLC, RBC Capital Markets, LLC and BTIG LLC acted as joint book-running managers for this offering.
  • This press release contains statements that constitute "forward-looking statements," including with respect to the search for an initial business combination.

Midwest Tape Expands Executive Roster: Sean McManus Joins as President of Dreamscape Media, Cat Zappa Promoted to Vice President of Digital Acquisitions at hoopla digital

Monday, September 20, 2021 - 10:17pm

Sean McManus joins Dreamscape Media, the publishing and entertainment arm of Midwest Tape, as President.

Key Points: 
  • Sean McManus joins Dreamscape Media, the publishing and entertainment arm of Midwest Tape, as President.
  • Catherine ("Cat") Zappa is promoted to Vice President of Digital Acquisitions at hoopla digital, the category-creating service of Midwest Tape that ushered in the new era of digital access to public libraries.
  • "Our team at Midwest Tape is committed to providing our library partners and customers with the most robust content offering in the industry," said Midwest Tape President Jeff Jankowski.
  • hoopla digital is a service of Midwest Tape, a trusted partner to public libraries for over 30 years.

CLA Teams with National Association of Black Accountants to Promote Industry Diversity, Equity, and Inclusion

Monday, September 20, 2021 - 9:21pm

As part of this sponsorship, CLA is providing office space to NABA in its Greenbelt, MD location.

Key Points: 
  • As part of this sponsorship, CLA is providing office space to NABA in its Greenbelt, MD location.
  • CLA and NABA will host a ribbon-cutting ceremony at the shared space to celebrate.
  • Aligning with an organization like CLA will help support our mission to improve diversity, equity, and inclusion within our communities for the next 50 years.
  • For more information about CLAs DEI approach, please visit: www.claconnect.com/who-we-are/dei
    The National Association of Black Accountants (NABA, Inc.), is a nonprofit membership association dedicated to bridging the opportunity gap for Black professionals in the accounting, finance and related business professions.

aTyr Pharma Announces Closing of $86.3 Million Public Offering Including Full Exercise of Underwriters’ Option to Purchase Additional Shares

Monday, September 20, 2021 - 9:07pm

The gross proceeds to aTyr from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, are $86.3 million.

Key Points: 
  • The gross proceeds to aTyr from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, are $86.3 million.
  • All of the shares sold in the offering were sold by aTyr.
  • Piper Sandler and RBC Capital Markets acted as joint book-running managers for the offering.
  • The offering was made pursuant effective registration statements, filed by aTyr with the Securities and Exchange Commission ("SEC").

Great Elm Capital Corp. Announces Acquisition of Majority Interest in Lenders Funding, LLC

Monday, September 20, 2021 - 9:05pm

WALTHAM, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (we, us, our, or GECC,) (NASDAQ: GECC), a business development company, today announced that it has acquired a majority equity interest in Lenders Funding, LLC (Lenders Funding) a private funding and risk sharing source for factors and asset-based lenders.

Key Points: 
  • WALTHAM, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (we, us, our, or GECC,) (NASDAQ: GECC), a business development company, today announced that it has acquired a majority equity interest in Lenders Funding, LLC (Lenders Funding) a private funding and risk sharing source for factors and asset-based lenders.
  • The proceeds from the transaction will be retained by Lenders Funding to help support the growth of the business.
  • Peter A. Reed, GECCs Chief Executive Officer, stated, We are pleased to announce the acquisition of a majority interest in Lenders Funding as we continue to weight our portfolio more heavily toward specialty finance.
  • Since its formation, Lenders Funding has worked with over 150 lenders and factors and have supplied several hundred million dollars in funding.

KBRA Assigns Preliminary Ratings to PSMC 2021-3 Trust (PSMC 2021-3)

Monday, September 20, 2021 - 9:52pm

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.

Key Points: 
  • Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

RBC Bearings Incorporated Announces Proposed Offerings of Common Stock and Mandatory Convertible Preferred Stock

Monday, September 20, 2021 - 9:50pm

RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer and marketer of highly engineered precision bearings and products for the industrial, defense and aerospace industries, today announced that it has commenced concurrent public offerings of 3 million shares of its common stock and $400 million in aggregate liquidation preference of Series A Mandatory Convertible Preferred Stock (the mandatory convertible preferred stock).

Key Points: 
  • RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer and marketer of highly engineered precision bearings and products for the industrial, defense and aerospace industries, today announced that it has commenced concurrent public offerings of 3 million shares of its common stock and $400 million in aggregate liquidation preference of Series A Mandatory Convertible Preferred Stock (the mandatory convertible preferred stock).
  • The completion of the common stock offering will not be contingent on the completion of the mandatory convertible preferred stock offering, and the completion of the mandatory convertible preferred stock offering will not be contingent on the completion of the common stock offering.
  • RBC Bearings will have the right to redeem all, but not less than all, of the mandatory convertible preferred stock if RBC Bearings pending acquisition of Dodge is not completed within a specified period of time.
  • The dividend rate, conversion terms and other terms of the mandatory convertible preferred stock will be determined at the time of pricing of the mandatory convertible preferred stock offering and remain subject to change.

Polaris and Troy Lee Designs® Join Forces to Deliver Show-Stopping Limited-Edition GENERAL

Monday, September 20, 2021 - 9:33pm

Polaris Off Road , the world leader in powersports and off-road innovation, unveiled its 2022 Polaris GENERAL Troy Lee Designs Editionan exclusive offering within its 2022 Polaris GENERAL model-year lineup.

Key Points: 
  • Polaris Off Road , the world leader in powersports and off-road innovation, unveiled its 2022 Polaris GENERAL Troy Lee Designs Editionan exclusive offering within its 2022 Polaris GENERAL model-year lineup.
  • View the full release here: https://www.businesswire.com/news/home/20210920005912/en/
    2022 Polaris GENERAL Troy Lee Designs Edition (Photo: Business Wire)
    The collaboration is a fusion of Troy Lees undeniable creativity and signature race-inspired aesthetic with the proven performance, unmatched comfort, and unrivaled versatility of the Polaris GENERAL platform.
  • The Polaris GENERAL Troy Lee Designs Limited Edition is available for pre-ordering through Polaris dealerships and will begin arriving in dealerships in Fall of 2021.
  • 2022 GENERAL XP 1000 Troy Lee Designs Edition - Starting at $27,299 U.S. MSRP
    2022 GENERAL XP 4 1000 Troy Lee Designs Edition - Starting at $29,499 U.S. MSRP
    To learn more about the new GENERAL Troy Lee Designs Limited Edition and 2022 GENERAL lineup, visit Polaris.com/GENERAL or join the conversation and follow Polaris ORV on Facebook , Instagram , YouTube and Twitter .