Bond

Casella Waste Systems, Inc. Announces Pricing of Up to $35.0 Million of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2

Retrieved on: 
Wednesday, August 9, 2023
SEC Rule 144A, Recycling, Sale, Loan agreement, Municipal solid waste, Surety, Guarantee, Security (finance), Bond, Casella, Issuer

The issuance of the Bonds is expected to close on August 24, 2023.

Key Points: 
  • The issuance of the Bonds is expected to close on August 24, 2023.
  • Casella intends to use the net proceeds of the Bonds to finance and/or reimburse certain costs of certain capital projects in the State of New York.
  • Casella cannot guarantee that it actually will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made.
  • There can be no assurance that Casella will be able to complete the closing of the offering of the Bonds on the anticipated terms, or at all.

WSFS Financial Corporation’s A- Senior Unsecured Debt Rating Affirmed by KBRA, Reflecting Strong Earnings, Liquidity, and Capital

Retrieved on: 
Wednesday, August 9, 2023
Asset Management, Professional Services, Finance, KBRA, Bond, Jules Kroll, Acquisition, WSFS, KRBA, MSA, WSFS Bank, Bank, K2

Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”).

Key Points: 
  • Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”).
  • KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2.
  • WSFS Bank, the Company’s primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt and deposit ratings of K1.
  • “For the eighth consecutive year, WSFS has received a strong Investment Grade debt rating by KRBA.

Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook

Retrieved on: 
Tuesday, August 8, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Urban Planning, HarbourVest Partners, PHCC, Education, K2, FAME, Dana–Farber Cancer Institute, McGuireWoods, K-12, Jules Kroll, BBB, TIAA, City, Buffalo Niagara Medical Campus, Economic development, Kutak Rock, Insurance, Bond

Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue bonds issued by the Finance Authority of Maine (“FAME”).

Key Points: 
  • Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue bonds issued by the Finance Authority of Maine (“FAME”).
  • Proceeds from the bonds will be used to fund the development of critical public infrastructure in a 65-acre mixed-use development in Westbrook, Maine known as Rock Row.
  • This transaction serves as a follow-on investment to PHCC’s original support of the Rock Row development through its investment in FAME’s 2019 bond issuance.
  • Preston Hollow Community Capital is a market leader in providing specialized impact finance solutions for projects of significant social and economic importance to local communities in the United States.

HanesBrands Reiterates Commitment to Shareholder Value Creation

Retrieved on: 
Tuesday, August 8, 2023
Online Retail, Fashion, Other Retail, Retail, Department Stores, Information technology, Marketing, Credit agreements in South Africa, Hanes, Form 10-K, HBI, Hanesbrands, Growth, Our Boarding House, Letter, Annual report, Credit, News, NYSE, Management, Risk management, Bond

HanesBrands (NYSE: HBI) today issued the following statement in response to a letter issued by Barington Capital:

Key Points: 
  • HanesBrands (NYSE: HBI) today issued the following statement in response to a letter issued by Barington Capital:
    The HanesBrands Board of Directors and management team are committed to moving the Company forward with a clear priority to deliver sustainable value creation for shareholders.
  • We are also, however, open-minded with regard to additional paths to improve performance and create value.
  • HanesBrands’ Board actively oversees the development and execution of our strategy, operations and capital allocation decisions, in collaboration with the management team.
  • HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value.

Sodexo - Results of the adjourned meetings in relation to the solicitation of consents of the bondholders

Retrieved on: 
Tuesday, August 8, 2023
Proposal, Communication, Failure, Financial Services and Markets Act 2000, Financial services, Bond, Person, Fiscal agent, FSMA, Finance, Table (information), Sale, Bond (finance), Information, United Kingdom, Proxy, Solicitation, Property management, Security (finance), Issuer

By participating in the Consent Solicitation and attending, and/or submitting Voting Instructions or approving a proxy in relation to the Meeting, the Bondholders will be deemed to have made and given the representations, warranties and undertakings set out in the Consent Solicitation Memorandum.

Key Points: 
  • By participating in the Consent Solicitation and attending, and/or submitting Voting Instructions or approving a proxy in relation to the Meeting, the Bondholders will be deemed to have made and given the representations, warranties and undertakings set out in the Consent Solicitation Memorandum.
  • The distribution of the Consent Solicitation Memorandum and this announcement in certain jurisdictions may be restricted by laws or regulations.
  • Neither the Consent Solicitation Memorandum nor this announcement is an offer of securities for sale in the United States or to any U.S. person.
  • Securities may not be offered or sold in the United States absent registration or an exemption from registration.

Preston Hollow Community Capital Completes $15 Million Financing for Avenir Community Development District’s Town Center

Retrieved on: 
Monday, August 7, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Urban Planning, HarbourVest Partners, Partnership, PHCC, Education, K2, K-12, Town Center, Jules Kroll, BBB, TIAA, Economic development, Security (finance), Bank, Bond

Preston Hollow Community Capital (PHCC) announced the successful closing of a $15 million tax-exempt bond financing related to the development of a new 53-acre commercial Town Center at the mixed-use community in Palm Beach Gardens, Florida known as Avenir.

Key Points: 
  • Preston Hollow Community Capital (PHCC) announced the successful closing of a $15 million tax-exempt bond financing related to the development of a new 53-acre commercial Town Center at the mixed-use community in Palm Beach Gardens, Florida known as Avenir.
  • Preston Hollow Community Capital’s relationship with Avenir dates back to 2018 when PHCC purchased the Avenir Community Development District’s inaugural $63.4 million bond issuance.
  • PHCC has since provided an additional $168.7 million in tax-exempt debt financing to the development, along with $50.2 million in taxable debt and a $20 million loan.
  • “Preston Hollow Community Capital is pleased to strengthen our partnership with the Avenir Community Development District and grow our investment in the Avenir community,” said Ramiro Albarran, Co-Head of Originations at PHCC.

Enviva Reports 2Q 2023 Results and Provides Progress Update on Cost and Productivity Improvement Initiatives

Retrieved on: 
Wednesday, August 2, 2023
Automotive, Forest Products, Other Energy, Agriculture, Natural Resources, Green Technology, Alternative Vehicles, Fuels, Alternative Energy, Environment, Energy, Sustainability, Carbon, Metric, European Union Emissions Trading System, EPC, EU Council, GAAP, Wood, Forest management, Federation, Acquisition, Investment, Tornado, EU ETS, European, Heat, BECCS, RED, Maintenance, NCV, Language, Organization, Coal, Growth, Biomass, Net, Public policy, Government, Engineering, Natural gas, European Parliament, Webcast, Hand, Enviva, Minister, Wind, Public expenditure, Plant, EBITDA, Bioenergy with carbon capture and storage, Renewable energy, DAP, Security (finance), Video game, Pharmaceutical industry, Engineered wood, Fine chemical, Bond, EU

As a result, Greenwood is on a path to reach its target production level and cost position during fourth-quarter 2023.

Key Points: 
  • As a result, Greenwood is on a path to reach its target production level and cost position during fourth-quarter 2023.
  • Enviva continues to advance cost-reduction and productivity initiatives designed to improve the financial and operating performance of its fully contracted assets.
  • During second-quarter 2023, management was able to reduce DAP cost by approximately $3 per MT as compared to first-quarter 2023, and reduced DAP cost by $9 per MT from first-quarter 2023 to June 2023.
  • Enviva will host a webcast and conference call on Thursday, August 3, 2023 at 10:00 a.m. Eastern Time to discuss second-quarter results and the Company’s outlook.

Butterfield Cautions Shareholders Regarding New York Stock and Bond LLC Mini-tender Offer for Shares

Retrieved on: 
Wednesday, August 2, 2023
Banking, Professional Services, Finance, Butterfield, Disclosure, Bond, NTB, Bank, Documentation, News, NYSE, Securities and Exchange Commission (Nigeria), Security (finance), New York Stock Exchange

Butterfield cautions shareholders that the mini-tender offer has been made at a price below the current market price for Butterfield shares.

Key Points: 
  • Butterfield cautions shareholders that the mini-tender offer has been made at a price below the current market price for Butterfield shares.
  • Butterfield does not recommend or endorse acceptance of this unsolicited mini-tender offer and is not associated in any way with New York Stock and Bond LLC, its mini-tender offer or the offer documentation.
  • Shareholders should carefully review the offer documentation, obtain current market quotations for their shares, consult with their broker or financial advisor, and exercise caution with respect to New York Stock and Bond LLC’s mini-tender offer.
  • Butterfield requests that a copy of this news release be included with all distributions of materials related to New York Stock and Bond LLC’s mini-tender offer for Butterfield's ordinary shares.

Big Step Towards Compensation for International Shareholders and Investors Against Petrobras in EU-Based Class Action in Netherlands Court

Retrieved on: 
Wednesday, August 2, 2023
Class Action Lawsuit, Professional Services, Legal, G.992.3, International, ADR, International class, Lawsuit, ISAF, DOJ, Policy, The Hague, Operation Car Wash, USD, Judgement, PwC, ADR Institute of Alberta, Investment, Indian stock exchange, ISIN, ESG, KPMG, BM&FBOVESPA, Fraud, NYSE, Corruption, B3, Cryptocurrency, Security (finance), Risk management, EU, Bond, Petrobras

The decision relates to the longstanding international securities litigation captioned Stichting Petrobras Compensation Foundation v. Petróleo Brasileiro SA, et.

Key Points: 
  • The decision relates to the longstanding international securities litigation captioned Stichting Petrobras Compensation Foundation v. Petróleo Brasileiro SA, et.
  • In addition, the court found Petrobras’ statements regarding its internal controls and anti-corruption polices were false.
  • For years, Petrobras raised billions of dollars in capital from investors arguing it operated within the highest anti-corruption standards.
  • The International Class is made up of a large group of institutional investors from all over the world.

Casella Waste Systems, Inc. Announces Offering of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds

Retrieved on: 
Tuesday, August 1, 2023
SEC Rule 144A, Recycling, Electric Bond and Share Company v. Securities and Exchange Commission, Sale, Loan agreement, Municipal solid waste, Security (finance), Surety, Guarantee, Bond, Casella, Issuer

RUTLAND, Vt., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $35.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2 (the “Bonds”) under an indenture between the Issuer and the bond trustee, dated as of September 1, 2020 (the “Indenture”).

Key Points: 
  • RUTLAND, Vt., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (“Casella”) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $35.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2 (the “Bonds”) under an indenture between the Issuer and the bond trustee, dated as of September 1, 2020 (the “Indenture”).
  • The Bonds represent the drawdown (which would no longer be available to the Company if not occurring by September 2, 2023) of the remainder of the New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020, the initial proceeds of which, in the amount of $40.0 million, were issued in September 2020.
  • Casella intends to use the net proceeds of the Bonds to finance and/or reimburse Casella for certain costs of certain capital projects in the State of New York.
  • The exact terms and timing of the offering of the Bonds will depend upon market conditions and other factors.