T&D Holdings

Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life

Retrieved on:

Monday, April 3, 2023

Professional Services, Insurance, Finance, RGA, T&D Holdings, Business development, Partnership, Additional funds needed, NYSE, Risk, Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced that it reached an agreement with Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance.

Key Points:

Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, today announced that it reached an agreement with Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance.
“RGA has a long-standing partnership with Daido Life and its parent company T&D Holdings, and we are pleased to once again work with them to craft a solution to reduce risk and manage capital,” said Simon Armand-Smith, Vice President, Business Development, Global Financial Solutions, RGA.
“This is one of a number of recent asset-intensive transactions that RGA has completed in the Japanese market, and we look forward to continuing to support our clients with their in-force capital management and new business objectives.”
“Our working relationship with RGA spans many years and multiple transactions,” said Daido Life.
“Their understanding of our needs and ability to customize coinsurance agreements that help us to effectively manage asset and liability risks have enabled us to improve our capital efficiency.”
Additional terms of the transaction are not being disclosed at this time.

Vance Street Capital Partners with Tempest Aero Group ®

Retrieved on:

Tuesday, April 4, 2023

Tempest, T&D Holdings, Partnership, Aero, Engineering, Aviation, AGH, Continental, FAA, Acquisition, Filtration, Growth, LOS, OEM, Airline

LOS ANGELES, April 4, 2023 /PRNewswire/ -- Vance Street Capital LLC ("Vance Street"), a Los Angeles-based private equity firm, today announces its investment in Aero Group Holdings LLC ("AGH"), AGH owns a portfolio of leading brands, represented by Tempest Aero Group, who are focused on designing and manufacturing proprietary FAA approved new and replacement components for the general aviation industry. Terms of the transaction were not disclosed.

Key Points:

Tempest Aero Group® represents a broad portfolio of leading manufacturers offering OEM and FAA-PMA replacement components, further expanding Vance Street's expertise in the aerospace sector.
LOS ANGELES, April 4, 2023 /PRNewswire/ -- Vance Street Capital LLC ("Vance Street"), a Los Angeles-based private equity firm, today announces its investment in Aero Group Holdings LLC ("AGH"), AGH owns a portfolio of leading brands, represented by Tempest Aero Group, who are focused on designing and manufacturing proprietary FAA approved new and replacement components for the general aviation industry.
"Vance Street is thrilled to partner with a leading FAA-PMA manufacturing group that provides products every general aviation aircraft needs and replaces on a frequent basis," added Nicholas Janneck, Partner at Vance Street.
"Vance Street looks forward to working closely with Mr. Allen to continue to grow the business and pursue other strategic opportunities."

CHESAPEAKE ENERGY CORPORATION ANNOUNCES EFFECTIVENESS OF REGISTRATION STATEMENT FOR ITS EXCHANGE OFFERS RELATING TO WARRANTS

Retrieved on:

Friday, September 16, 2022

Tendered warrants may be withdrawn by holders at any time prior to the applicable Expiration Date.

Key Points:

Tendered warrants may be withdrawn by holders at any time prior to the applicable Expiration Date.
Chesapeake's common stock, Class A warrants, Class B warrants and Class C warrants are listed on The Nasdaq Stock Market LLC under the symbols "CHK," "CHKEW," "CHKEZ" and "CHKEL," respectively.
As of August 17, 2022, there were 120,848,720 shares of common stock, 9,751,853 Class A warrants, 12,290,669 Class B warrants and 11,269,865 Class C warrants outstanding.
A registration statement on Form S-4 relating to the securities to be issued in the Offers has been filed with the SEC and was declared effective on September 16, 2022.

CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDMENT OF EXCHANGE OFFERS RELATING TO WARRANTS

Retrieved on:

Monday, September 12, 2022

OKLAHOMA CITY, Sept. 12, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) ("Chesapeake" or the "Company") today announced that it has amended its previously announced exchange offers (each, an "Offer," and collectively, the "Offers") relating to its outstanding (i) Class A warrants (the "Class A warrants"), (ii) Class B warrants (the "Class B warrants") and (iii) Class C warrants (the "Class C warrants," and together with the Class A warrants and the Class B warrants, the "warrants"), each to purchase shares of common stock, par value $0.01 per share, of the Company ("common stock").

Key Points:

OKLAHOMA CITY, Sept. 12, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) ("Chesapeake" or the "Company") today announced that it has amended its previously announced exchange offers (each, an "Offer," and collectively, the "Offers") relating to its outstanding (i) Class A warrants (the "Class A warrants"), (ii) Class B warrants (the "Class B warrants") and (iii) Class C warrants (the "Class C warrants," and together with the Class A warrants and the Class B warrants, the "warrants"), each to purchase shares of common stock, par value $0.01 per share, of the Company ("common stock").
Tendered warrants may be withdrawn by holders at any time prior to the applicable Expiration Date.
Chesapeake's common stock, Class A warrants, Class B warrants and Class C warrants are listed on The Nasdaq Stock Market LLC under the symbols "CHK," "CHKEW," "CHKEZ" and "CHKEL," respectively.
As of August 17, 2022, there were 120,848,720 shares of common stock, 9,751,853 Class A warrants, 12,290,669 Class B warrants and 11,269,865 Class C warrants outstanding.

CHESAPEAKE ENERGY CORPORATION ANNOUNCES AMENDMENT OF EXCHANGE OFFERS RELATING TO WARRANTS

Retrieved on:

Wednesday, August 31, 2022

OKLAHOMA CITY, Aug. 31, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake" or the "Company") today announced that it has amended its previously announced exchange offers (each, an "Offer," and collectively, the "Offers") relating to its outstanding (i) Class A warrants (the "Class A warrants"), (ii) Class B warrants (the "Class B warrants") and (iii) Class C warrants (the "Class C warrants," and together with the Class A warrants and the Class B warrants, the "warrants"), each to purchase shares of common stock, par value $0.01 per share, of the Company ("common stock").

Key Points:

OKLAHOMA CITY, Aug. 31, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake" or the "Company") today announced that it has amended its previously announced exchange offers (each, an "Offer," and collectively, the "Offers") relating to its outstanding (i) Class A warrants (the "Class A warrants"), (ii) Class B warrants (the "Class B warrants") and (iii) Class C warrants (the "Class C warrants," and together with the Class A warrants and the Class B warrants, the "warrants"), each to purchase shares of common stock, par value $0.01 per share, of the Company ("common stock").
Tendered warrants may be withdrawn by holders at any time prior to the applicable Expiration Date.
Chesapeake's common stock, Class A warrants, Class B warrants and Class C warrants are listed on The Nasdaq Stock Market LLC under the symbols "CHK," "CHKEW," "CHKEZ" and "CHKEL," respectively.
As of August 17, 2022, there were 120,849,720 shares of common stock, 9,751,853 Class A warrants, 12,290,669 Class B warrants and 11,269,865 Class C warrants outstanding.

CHESAPEAKE ENERGY CORPORATION REPORTS 2022 SECOND QUARTER RESULTS AND ANNOUNCES IT IS SOLIDIFYING ITS STRATEGIC FOCUS ON CORE MARCELLUS AND HAYNESVILLE POSITIONS

Retrieved on:

Tuesday, August 2, 2022

Through July 31, 2022, Chesapeake has repurchased approximately 7.6 million shares of its common stock for approximately $670 million.

Key Points:

Through July 31, 2022, Chesapeake has repurchased approximately 7.6 million shares of its common stock for approximately $670 million.
The company expects to drill 60 to 70 wells and place 40 to 50 wells on production in the third quarter of 2022.
Chesapeake is also working with midstream partners to increase our gas gathering and treating capacity in the Haynesville.
Chesapeake plans to host a conference call to discuss recent results on Wednesday, August 3, 2022 at 9:00 am EDT.

Fortitude Re Announces $4 Billion Annuity Reinsurance Transaction with Taiyo Life Insurance Company, Its Inaugural Asia Reinsurance Transaction

Retrieved on:

Thursday, March 31, 2022

Professional Services, Insurance, Finance, LinkedIn, The Carlyle Group, P&C, Insurance, Fortitude, T&D, T&D Holdings, Mori Hamada & Matsumoto, Sidley Austin, JPY, Life annuity, Partnership, Financial services, FORTITUDE RE, T&D HOLDINGS

FGH Parent, L.P., (together with its subsidiaries, Fortitude Re), today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermudas largest multiline reinsurer, and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings, Inc (T&D).

Key Points:

FGH Parent, L.P., (together with its subsidiaries, Fortitude Re), today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermudas largest multiline reinsurer, and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings, Inc (T&D).
This transaction marks Fortitude Res inaugural reinsurance transaction covering business in Asia.
Under the transaction, which is effective as of March 31, 2022, Taiyo Life has reinsured a significant portion of its inforce individual annuity business to Fortitude Re.
T&D Holdings is a publicly listed insurance holdings company of T&D Insurance Group, which is comprised of three core life insurers, Taiyo Life Insurance Company, Daido Life Insurance Company, and T&D Financial Life Insurance Company.

CHESAPEAKE ENERGY CORPORATION COMPLETES ACQUISITION OF CHIEF E&D HOLDINGS, LP AND AFFILIATES OF TUG HILL, INC.

Retrieved on:

Wednesday, March 9, 2022

OKLAHOMA CITY, March 9, 2022 /PRNewswire/ --Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP ("Chief") and associated non-operated interests held by affiliates of Tug Hill, Inc. ("Tug Hill").

Key Points:

OKLAHOMA CITY, March 9, 2022 /PRNewswire/ --Chesapeake Energy Corporation (NASDAQ: CHK) today announced it has completed its previously announced acquisition of Chief E&D Holdings, LP ("Chief") and associated non-operated interests held by affiliates of Tug Hill, Inc. ("Tug Hill").
Nick Dell'Osso, Chesapeake's President and Chief Executive Officer, commented, "The Chief transaction deepens our premium inventory, allowing us to allocate additional capital toward our world class Marcellus Shale position and accelerate returns for our shareholders.
Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NASDAQ:CHK) operations are focused on discovering and responsibly developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.
In addition, this news release contains time-sensitive information that reflects management's best judgment only as of the date of this news release.

Spectra, a Vance Street Capital Portfolio Company, Acquires Galleon Embedded Computing

Retrieved on:

Monday, August 16, 2021

Spectra is a portfolio company of Vance Street Capital, forming the company in February 2021 by simultaneously merging three defense technology businesses.

Key Points:

Spectra is a portfolio company of Vance Street Capital, forming the company in February 2021 by simultaneously merging three defense technology businesses.
Over the last decade, Galleon, known for its engineering aptitude and quality, has developed strong relationships with leading primes in North America and Europe.
Vedder Price LLP and Thommessen AS acted as legal advisors to Vance Street Capital LLC.
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, life science, aerospace, defense, and industrial sectors.