XE-class submarine

Independence Realty Trust Announces Closing of $200 Million Term Loan

Retrieved on: 
Tuesday, May 18, 2021

b'Independence Realty Trust, Inc. (NYSE: IRT) (\xe2\x80\x9cIRT\xe2\x80\x9d) today announced that its operating partnership, Independence Realty Operating Partnership, LP, closed on a new 5-year $200 million term loan.

Key Points: 
  • b'Independence Realty Trust, Inc. (NYSE: IRT) (\xe2\x80\x9cIRT\xe2\x80\x9d) today announced that its operating partnership, Independence Realty Operating Partnership, LP, closed on a new 5-year $200 million term loan.
  • Proceeds from the term loan will be used to repay amounts outstanding on IRT\xe2\x80\x99s unsecured revolving credit facility.\nThe 5-year term loan will mature in May 2026 and bear interest at LIBOR plus 1.20% to 1.90% based on IRT\xe2\x80\x99s leverage ratio.
  • At closing, the interest rate spread will be 1.25%.\n\xe2\x80\x9cOur new term loan strengthens our capital structure by effectively extending $200 million in debt maturities to May 2026 and freeing up liquidity on our unsecured revolving credit facility,\xe2\x80\x9d said James J. Sebra, IRT\xe2\x80\x99s Chief Financial Officer.
  • IRT\xe2\x80\x99s investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers.

PartnerRe Ltd. Declares Dividend on Preferred Shares

Retrieved on: 
Tuesday, May 18, 2021

b'PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2021 \xe2\x80\x93 June 14, 2021 of $0.3046875 per share on the Company\xe2\x80\x99s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.

Key Points: 
  • b'PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 15, 2021 \xe2\x80\x93 June 14, 2021 of $0.3046875 per share on the Company\xe2\x80\x99s 4.875% Fixed Rate Non-Cumulative Redeemable Preferred Shares, Series J.
  • Risks are underwritten on a worldwide basis through the Company\xe2\x80\x99s three segments: P&C, Specialty, and Life and Health.
  • At March 31, 2021, total assets were $28.0 billion, total capital was $9.4 billion and total shareholders\xe2\x80\x99 equity was $7.5 billion.
  • PartnerRe maintains strong financial strength ratings as follows: A.M. Best A+ / Moody\xe2\x80\x99s A1 / Standard & Poor\xe2\x80\x99s A+.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005505/en/\n'

CoinFlip Announces New Executive Leadership

Retrieved on: 
Tuesday, May 18, 2021

b'CoinFlip, the world\xe2\x80\x99s leading cryptocurrency ATM operator, announced that Ben Weiss will take over as Chief Executive Officer and that Kris Dayrit will take over as President and Chief Operating Officer.

Key Points: 
  • b'CoinFlip, the world\xe2\x80\x99s leading cryptocurrency ATM operator, announced that Ben Weiss will take over as Chief Executive Officer and that Kris Dayrit will take over as President and Chief Operating Officer.
  • Former CEO Daniel Polotsky will shift to serve as the company\xe2\x80\x99s Chief Advisor.\nWeiss, who co-founded CoinFlip in 2015 and served as its Chief Operating Officer, has led the company\xe2\x80\x99s business strategy since day one and helped CoinFlip surpass nearly $65 million in fee revenue.
  • \xe2\x80\x9cIt\xe2\x80\x99s that commitment that makes me so proud to lead this company.\xe2\x80\x9d\nDayrit, another co-founder who served as Chief of Marketing for CoinFlip, has been responsible for building CoinFlip\xe2\x80\x99s brand and acquiring new locations.
  • Founded in 2015, CoinFlip is headquartered in Chicago.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005406/en/\n'

Nation’s Leading Advanced Manufacturing Event Returns to Anaheim California with Most Interactive Expo Floor Yet

Retrieved on: 
Tuesday, May 18, 2021

b"The Informa Markets Engineering\xe2\x80\x99s West event \xe2\x80\x93 the nation\xe2\x80\x99s leading advanced design and manufacturing event that brings together established manufacturing show brands Medical Design & Manufacturing (MD&M) West , WestPack , Automation Technology Expo (ATX) West , Design & Manufacturing (D&M) West , Plastec West , as well as the recent addition of the Cannabis Packaging Summit \xe2\x80\x93 opened registration for its 2021 in-person event, which will return to the Anaheim Convention Center August 10 through 12 in Anaheim, California.

Key Points: 
  • b"The Informa Markets Engineering\xe2\x80\x99s West event \xe2\x80\x93 the nation\xe2\x80\x99s leading advanced design and manufacturing event that brings together established manufacturing show brands Medical Design & Manufacturing (MD&M) West , WestPack , Automation Technology Expo (ATX) West , Design & Manufacturing (D&M) West , Plastec West , as well as the recent addition of the Cannabis Packaging Summit \xe2\x80\x93 opened registration for its 2021 in-person event, which will return to the Anaheim Convention Center August 10 through 12 in Anaheim, California.
  • \xe2\x80\x9cDuring this time physically apart, we've also reimagined our live event, and created an immersive expo that will feature expertly curated education, networking hubs, product showcases, and more,\xe2\x80\x9d said Hayley Haggarty, Group Event Director of Informa Market Engineering\xe2\x80\x99s West event.
  • We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe.
  • For more information, please visit www.informamarkets.com .\nInforma Markets creates platforms for industries and specialist markets to trade, innovate and grow.

Microchip Technology Announces Offering of Senior Secured Notes

Retrieved on: 
Tuesday, May 18, 2021

b'CHANDLER, Ariz., May 18, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) \xe2\x80\x93 Microchip Technology Incorporated (\xe2\x80\x9cMicrochip,\xe2\x80\x9d \xe2\x80\x9cwe\xe2\x80\x9d or \xe2\x80\x9cour\xe2\x80\x9d) announced today that it has commenced an offering of $1.0 billion in aggregate principal amount of senior secured notes (the \xe2\x80\x9cNotes\xe2\x80\x9d).

Key Points: 
  • b'CHANDLER, Ariz., May 18, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) \xe2\x80\x93 Microchip Technology Incorporated (\xe2\x80\x9cMicrochip,\xe2\x80\x9d \xe2\x80\x9cwe\xe2\x80\x9d or \xe2\x80\x9cour\xe2\x80\x9d) announced today that it has commenced an offering of $1.0 billion in aggregate principal amount of senior secured notes (the \xe2\x80\x9cNotes\xe2\x80\x9d).
  • Microchip intends to use the net proceeds from the offering of the Notes, together with borrowings under Microchip\xe2\x80\x99s revolving credit facility (the \xe2\x80\x9csenior credit facilities\xe2\x80\x9d), to repay the $1.0 billion in aggregate principal amount of its outstanding 3.922% Senior Secured Notes due 2021 and related fees and expenses of the offering.\nThe Notes will be guaranteed on a joint and several basis by certain of Microchip\xe2\x80\x99s subsidiaries that guarantee obligations under our senior credit facilities as well as our outstanding 4.333% Senior Secured Notes due 2023, 2.670% Senior Secured Notes due 2023, and 0.972% Senior Secured Notes due 2024 (collectively, the \xe2\x80\x9cexisting secured notes\xe2\x80\x9d).\nThe Notes and the related guarantees will be secured on a pari passu first lien basis with our senior credit facilities and our existing secured notes by the collateral that secures such obligations.
  • Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.\nThe Microchip name and logo are registered trademarks of Microchip Technology Incorporated in the USA and other countries.
  • All other trademarks mentioned herein are the property of their respective companies.\n'

Altisource Asset Management Corporation Reports First Quarter 2021 Results

Retrieved on: 
Tuesday, May 18, 2021

b'CHRISTIANSTED, U.S. Virgin Islands, May 18, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (\xe2\x80\x9cAAMC\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2021.\nFueled by cash resources emanating from the sales and termination of discontinued operations late last year, the Company invested in equity securities concentrated in Real Estate Investment Trusts (\xe2\x80\x9cREITs\xe2\x80\x9d).

Key Points: 
  • b'CHRISTIANSTED, U.S. Virgin Islands, May 18, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (\xe2\x80\x9cAAMC\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2021.\nFueled by cash resources emanating from the sales and termination of discontinued operations late last year, the Company invested in equity securities concentrated in Real Estate Investment Trusts (\xe2\x80\x9cREITs\xe2\x80\x9d).
  • In the meantime, the Company is keeping its options open and no final decision has been made.\xe2\x80\x9d\nAAMC\xe2\x80\x99s net income for the first quarter of 2021 was $5.9 million compared to a net loss of $3.8 million for the same period in 2020.
  • We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements.
  • The foregoing list of factors should not be construed as exhaustive.\nThe statements made in this press release are current as of the date of this press release only.

Ottobock to Help Logistics Industry Reduce Back Injuries of Workers; Unveils New Study for North America

Retrieved on: 
Tuesday, May 18, 2021

\xe2\x80\x9cIt provides the ability to reduce the risk of workers\xe2\x80\x99 back injuries and transform how logistics companies support and protect their workforce with an industrial-grade solution.

Key Points: 
  • \xe2\x80\x9cIt provides the ability to reduce the risk of workers\xe2\x80\x99 back injuries and transform how logistics companies support and protect their workforce with an industrial-grade solution.
  • MSDs are one of the leading workplace injuries in the United States, often associated with jobs in warehouses, distribution centers and factories.
  • \xe2\x80\x9cI\xe2\x80\x99m thrilled to be leading the team based in Austin, Texas that will provide ergonomic improvements to companies in North America.
  • With the Paexo exoskeletons, Ottobock has transferred its expertise in biomechanics to applications for industry as well since 2012.

Hamilton County, Indiana, Uses Rave Alert to Power COVID-19 Vaccine Distribution

Retrieved on: 
Tuesday, May 18, 2021

Using Rave Alert, officials were able to reallocate cancelled appointments and open those slots to the public.

Key Points: 
  • Using Rave Alert, officials were able to reallocate cancelled appointments and open those slots to the public.
  • \xe2\x80\x9cUsing Rave Alert, we are able to identify no shows accurately and effectively reschedule appointments to those waiting for vaccination.
  • We\xe2\x80\x99ve been able to expedite vaccine distribution, and ultimately get shots to our residents faster.\xe2\x80\x9d\n\xe2\x80\x9cRave Alert has always been a tremendous tool for us when it comes to communicating important information,\xe2\x80\x9d said Shane Booker, Executive Director, Hamilton County Emergency Management.
  • For more information, visit https://www.ravemobilesafety.com , read our company blog, and follow us on LinkedIn , Twitter , and Facebook .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005709/en/\n'

Updater Hires Former Instagram Executive Jeffrey Gerson as Chief Marketing Officer

Retrieved on: 
Tuesday, May 18, 2021

b"Updater Technologies, the leading technology company powering the relocation industry, is pleased to announce that Instagram marketing veteran Jeffrey Gerson has joined its leadership team as Chief Marketing Officer.

Key Points: 
  • b"Updater Technologies, the leading technology company powering the relocation industry, is pleased to announce that Instagram marketing veteran Jeffrey Gerson has joined its leadership team as Chief Marketing Officer.
  • In this role, Jeffrey will lead and scale Updater\xe2\x80\x99s integrated marketing and communications functions, partnering closely with its business and product teams to develop strategies that solve movers\xe2\x80\x99 needs.
  • He will report to Founder and Chief Executive Officer, David Greenberg.\n\xe2\x80\x9cJeffrey is a proven talent with an incredible background who is passionate about advancing our mission to be the go-to destination for moving,\xe2\x80\x9d said Greenberg.
  • \xe2\x80\x9cHe brings to Updater a wealth of knowledge and technical expertise that will be instrumental in helping to expand our market-leading position.

JBG SMITH Receives Arlington County Approval for Two Residential Buildings in National Landing

Retrieved on: 
Tuesday, May 18, 2021

Plans for both buildings include fitness centers, 24-hour concierges, large co-working spaces, community rooms, and dog-grooming stations.

Key Points: 
  • Plans for both buildings include fitness centers, 24-hour concierges, large co-working spaces, community rooms, and dog-grooming stations.
  • JBG SMITH is targeting a LEED Gold Certification for both buildings.\n\xe2\x80\x9cWe are thrilled to have received unanimous approval for 2000 and 2001 South Bell Street from the Arlington County Board; The Board\xe2\x80\x99s support further validates our shared vision for a transformed National Landing,\xe2\x80\x9d said Bryan Moll, Executive Vice President of JBG SMITH.
  • Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.
  • Consequently, the future results of JBG SMITH Properties (\xe2\x80\x9cJBG SMITH\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) may differ materially from those expressed in these forward-looking statements.