Bond

Enviva Reports 3Q 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Forest Products, Energy, Natural Resources, Other Energy, Sale, Biomass, Negotiation, Health, DAP, Public expenditure, EBITDA, Net, GAAP, Wind, Acquisition, Maintenance, Environment, Plant, Webcast, CFO, Vinson & Elkins, Heat, Wood, Metric, NCV, Security (finance), Video game, Pharmaceutical industry, Cryptocurrency, Bank, Renewable energy, Enviva, Bond

Third-quarter 2023 volumes increased by approximately 10% as compared to second-quarter 2023, with volume uplift being driven by production improvements being implemented across Enviva’s plant fleet.

Key Points: 
  • Third-quarter 2023 volumes increased by approximately 10% as compared to second-quarter 2023, with volume uplift being driven by production improvements being implemented across Enviva’s plant fleet.
  • For third-quarter 2023, DAP per MT was $152, down $9 per MT from $161 reported for second-quarter 2023.
  • Additionally, Enviva anticipates that fourth-quarter 2023 results, excluding any impacts from the Q4 2022 Transactions, could potentially be weaker than results for third-quarter 2023, as higher spot prices have not materialized and the Company expects to incur higher sales, general, and administrative expenses associated with the engagement of financial and legal advisors in connection with the comprehensive review described above.
  • Enviva will host a webcast and conference call on Thursday, November 9, 2023 at 8:30 a.m. Eastern Time to discuss third-quarter results and the Company’s operations and outlook.

Preston Hollow Community Capital Completes $51.65 Million Bond Purchase for AMDA College of the Performing Arts

Retrieved on: 
Tuesday, November 7, 2023
Finance, Consulting, Banking, Professional Services, Other Education, Continuing, University, Asset Management, Education, DASNY, PHCC, Nixon Peabody, New York City Mayor's Office of Management and Budget, Dormitory, Orrick, Law, AMDA, College, LLP, Dormitory Authority of the State of New York, Student, Partnership, Counsel, Life insurance, Bond

Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).

Key Points: 
  • Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).
  • The financing, originated by PHCC, was comprised of $91.65 million of bonds -- $31.085 million of tax-exempt bonds plus $4.585 million of taxable bonds through CMFA, and $55.98 million of tax-exempt bonds through DASNY.
  • Proceeds from the issuance will be used to refinance existing bank debt and fund capital improvements at the New York City and Los Angeles campuses.
  • Nixon Peabody LLP served as underwriter’s Counsel and Locke Lord LLP acted as counsel to AMDA.

EQS-News: Communications pursuant to Article 12 (viii)(b) of the Terms and Conditions of the «Fonderie Mario Mazzucconi S.p.A. - Tasso Fisso - 2018 / 2024» bonds ISIN: IT0005320756

Retrieved on: 
Tuesday, November 7, 2023
Value, Holiday, Inventory, Tax, BOND, VDP, FMM, Aluminium, MCC, Bond, Electricity Supply Industry Planning Council, Alloy, Depreciation, Earnings before interest, taxes, depreciation and amortization, SACE, Investment, Cryptocurrency, Bookkeeping, Tourism

The Value of Production (VdP) of the first 6 months is in line with the budget.

Key Points: 
  • The Value of Production (VdP) of the first 6 months is in line with the budget.
  • The stability of orders from customers has allowed for more regular and orderly production planning, with consequent positive effects on productivity and efficiency ratios.
  • calculated with a much higher rate lower than that established for the end of 2022 and the beginning of 2023).
  • The interest coupons accrued on the aforementioned BOND were regularly paid as of 30 June 2023 for €323 thousand.

Core Specialty to Acquire American Surety Company

Retrieved on: 
Wednesday, November 1, 2023
Slate, Treasury, AM Best, ASC, Acquisition, Bond, Skadden, Arps, Slate, Meagher & Flom, American Surety Building, Surety, Credit, Financial services, Insurance, Core

Core Specialty to establish a new Bond, Credit & Guarantee subsegment, including the recently announced Mortgage Reinsurance Division

Key Points: 
  • Core Specialty to establish a new Bond, Credit & Guarantee subsegment, including the recently announced Mortgage Reinsurance Division
    CINCINNATI, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) and Eighth Amendment Holdings, Inc. (the parent company of American Surety Company (“ASC”) and Underwriters Surety, Inc. (“USI” and, together with ASC, “American Surety”), announced today the signing of a purchase agreement whereby Core Specialty will acquire American Surety in a stock and cash transaction.
  • American Surety will bring Core Specialty over 30 years of surety expertise, as well as a Treasury-listing providing access to additional bonding opportunities.
  • Upon closing, American Surety will become the new Core Specialty Surety Division with two initial product lines: bail bonds and commercial surety bonds.
  • American Surety shareholders will receive a combination of cash at closing, plus an opportunity to earn shares of Core Specialty.

Novo Integrated Sciences Announces Issuance of Underlying One Billion Dollar Gold Backed Bond

Retrieved on: 
Friday, November 3, 2023
Other Health, Health, Science, Other Science, Health Technology, Transfer, Integrated Science Instrument Module, Bond, Security (finance), Cryptocurrency

Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) today announced the issuance of the underlying One Billion Dollar gold backed bond (the “Bond”) specific to the previously disclosed Master Collateral Transfer Agreement.

Key Points: 
  • Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”) today announced the issuance of the underlying One Billion Dollar gold backed bond (the “Bond”) specific to the previously disclosed Master Collateral Transfer Agreement.
  • The issuance of the Bond is the initial step in the establishment of the instrument to commence the legal transfer of the collateral for the exclusive benefit of the Company.
  • Robert Mattacchione, Novo’s CEO and Chairman of the Board, stated, “We are extremely excited at the progress made in securing the collateral transfer facility.
  • This Bond issuance marks a significant step in achieving the funding needed for the Company’s international hypergrowth objectives.”

Travelers to Acquire Corvus Insurance

Retrieved on: 
Friday, November 3, 2023
Software, Insurance, Networks, Artificial Intelligence, Data Management, Professional Services, Technology, Apps, Applications, Slate, Traveler, Policy, NYSE, The Travelers Companies, Jefferies Group, Acquisition, Bond, Skadden, Arps, Slate, Meagher & Flom, LLP, Risk, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, Algorithm, TRV, Investment, Corvus

The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million.

Key Points: 
  • The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million.
  • Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter, powered by proprietary technology.
  • “Corvus’ expertise in excess and surplus lines for cyber, along with our industry-leading distribution position in the admitted markets, is a powerful combination,” said Jeff Klenk, Executive Vice President and President of Bond & Specialty Insurance at Travelers.
  • We have a strong working relationship with the Corvus team through our existing cyber capacity arrangements in the United States and Europe, and we are thrilled to have them join the Travelers family.”
    Madhu Tadikonda, Chief Executive Officer of Corvus, said, “At Corvus we have been building a safer world through cyber insurance products and digital tools that reduce risk and improve resilience for policyholders.

Waste Pro USA, Inc. Announces Closing of $40.0 million Louisiana Public Facilities Authority Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2023

Retrieved on: 
Thursday, October 26, 2023
Sale, Spokane Public Facilities District, Municipal solid waste, Secretary of State of Louisiana, Growth, Recycling, SEC Rule 144A, Security (finance), Bond, Waste

LONGWOOD, Fla., Oct. 26, 2023 /PRNewswire/ -- Waste Pro USA, Inc. ("Waste Pro"), a regional privately-held provider of non-hazardous waste collection, transfer, recycling and disposal services, announced today that it has completed the sale of $40,000,000 Louisiana Public Facilities Authority Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2023 (the "Bonds").

Key Points: 
  • LONGWOOD, Fla., Oct. 26, 2023 /PRNewswire/ -- Waste Pro USA, Inc. ("Waste Pro"), a regional privately-held provider of non-hazardous waste collection, transfer, recycling and disposal services, announced today that it has completed the sale of $40,000,000 Louisiana Public Facilities Authority Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2023 (the "Bonds").
  • The Bonds are guaranteed by certain subsidiaries of Waste Pro pursuant to a guaranty agreement and as described in the indenture relating to the Bonds.
  • "I am thankful to the over 4,500 Waste Pro team members for their contributions to the company's growth."
  • Since 2017, Waste Pro has worked diligently to optimize its balance sheet towards long-term, fixed-rate debt, which includes over $360.0 million in tax-exempt bonds outstanding.

NerdWallet Launches its First Credit Card

Retrieved on: 
Thursday, October 26, 2023
Personal Finance, Finance, Payments, Professional Services, Technology, The Harris Poll, Luigi, Education, FIS, Entrepreneurship, Multimedia, Partnership, Retirement, NRDS, Credit, Graphics, Online shopping, Bank, NerdWallet, Bond

View the full release here: https://www.businesswire.com/news/home/20231026591255/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231026591255/en/
    NerdUp, a secured credit card by NerdWallet.
  • According to an October NerdWallet survey conducted by The Harris Poll, nearly one-fourth of Americans (23%) say a lack of credit or bad credit prevents them from reaching their financial goals.
  • The NerdUp secured credit card, offered in partnership with Bond, is a free card that is uniquely designed to expand access for consumers who want to build their credit history—combining key features to remove the barriers typically found with traditional secured credit cards.
  • With NerdUp, a user’s free credit score is readily available in their NerdWallet dashboard, along with access to tips and insights through their NerdWallet account.

RXT Digital Limited Launching a $500 Million Bond to Establish Bitcoin Land in Malaysia

Retrieved on: 
Tuesday, October 24, 2023
Bitcoin, Web3, Bond, Cryptocurrency

The bond, underpinned by the Malaysia infrastructure project - Bitcoin land, is more than a financial endeavour; it's a vision of the future.

Key Points: 
  • The bond, underpinned by the Malaysia infrastructure project - Bitcoin land, is more than a financial endeavour; it's a vision of the future.
  • The Bonds are earmarked for an audacious infrastructure project that aims to transform a prime location in Malaysia into "Bitcoin Land".
  • "The project is a commitment to the future of decentralized finance and technology," remarked a spokesperson from RXT Digital Limited.
  • Investors would anticipate a bond duration of 5 years, offering a competitive yield with annual interest disbursements.

EQS-News: paragon launches bond buyback programme

Retrieved on: 
Thursday, October 26, 2023
Paragon, Deutsch, Regulated market, Bond, Gesellschaft mit beschränkter Haftung, ISIN, Power, EUR, WKN, Electronics, Mechanics, Security (finance)

Delbrück | October 26, 2023 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today published details of the bond buyback programme it has agreed.

Key Points: 
  • Delbrück | October 26, 2023 - paragon GmbH & Co. KGaA [ISIN DE0005558696] today published details of the bond buyback programme it has agreed.
  • When the EUR 50 million bond was rolled over in March 2022, paragon undertook to repay a total of EUR 25 million of the total nominal amount.
  • It is not the primary objective of the buyback programme to further deleverage the company; in view of the low net debt ratio achieved, the company reserves the right to raise corresponding credit funds on the market to finance the buyback.
  • paragon will report on the progress of the bond buyback programme on its website (https://paragon.ag) on an ongoing basis.