Credit management

Superior Industries Announces Refinancing

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星期一, 十二月 19, 2022
Other Manufacturing, Aftermarket, Automotive, Machine Tools, Metalworking & Metallurgy, Engineering, Tires & Rubber, Automotive Manufacturing, Manufacturing, NYSE, Lazard, Primary Dealer Credit Facility, Partnership, JPMorgan Chase, J. P. Morgan, Growth, Line of credit, Oaktree Capital Management, Senior, Credit, Credit management, Original equipment manufacturer, City, Investment, Security (finance), Superior

Superior Industries International, Inc. (“Superior”) (NYSE:SUP), one of the world’s leading light vehicle aluminum wheel suppliers for OEMs and the European aftermarket, today announced the refinancing of its Term Loan and Revolving Credit Facilities.

Key Points: 
  • Superior Industries International, Inc. (“Superior”) (NYSE:SUP), one of the world’s leading light vehicle aluminum wheel suppliers for OEMs and the European aftermarket, today announced the refinancing of its Term Loan and Revolving Credit Facilities.
  • "Superior remains well-positioned to drive profitable growth, and this refinancing is a testament to our recent financial performance and long-term earnings power of our business.
  • “As we look forward, we remain laser-focused on extending our momentum and advancing our growth strategy to drive shareholder value.”
    “We are excited to partner with Superior.
  • Headquartered in Southfield, Michigan, Superior is listed on the New York Stock Exchange.

Ericsson presents a Green Financing Framework

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星期二, 十二月 20, 2022
CFO, GBP, Investment, VP Bank, Line of credit, Corporate responsibility, Public expenditure, CICERO, Credit management, Carbon, Research, Sustainability, Renewable energy, Ericsson, Green

The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy.

Key Points: 
  • The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy.
  • The framework has been developed in accordance with current market best practices and verified by leading independent second party opinion provider CICERO Shades of Green.
  • STOCKHOLM, Dec. 20, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has established a Green Financing Framework to enable the company to issue green bonds and other green financing instruments.
  • The Green Financing Framework and the second party opinion are available on Ericsson's website, www.ericsson.com/en/investors/debt-information .

Ericsson presents a Green Financing Framework

Retrieved on: 
星期二, 十二月 20, 2022
CFO, GBP, Investment, VP Bank, Line of credit, Corporate responsibility, Public expenditure, CICERO, Credit management, Carbon, Research, Sustainability, Renewable energy, Ericsson, Green

The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy.

Key Points: 
  • The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy.
  • The framework has been developed in accordance with current market best practices and verified by leading independent second party opinion provider CICERO Shades of Green.
  • STOCKHOLM, Dec. 20, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has established a Green Financing Framework to enable the company to issue green bonds and other green financing instruments.
  • The Green Financing Framework and the second party opinion are available on Ericsson's website, www.ericsson.com/en/investors/debt-information .

Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program

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星期三, 十一月 30, 2022
Environment, Asset-backed security, JPMorgan Chase, Organization, Trust, Sterling, J. P. Morgan, Investment, Wells Fargo, Security (finance), Annual report, Citizens Bank, Form 10-K, Line of credit, Share repurchase, Credit management, Mechanics, Safety, STER, Bank

NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) today announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. These distinct yet complementary strategic initiatives will enhance Sterling’s financial position and flexibility by optimizing the Company’s capital structure and allocation capacity.

Key Points: 
  • NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (Sterling or the Company) today announced a $700 million refinancing of the Companys credit facility and the authorization of a $100 million share repurchase program.
  • We are also pleased to announce the concurrent authorization of a share repurchase program, which we expect to fund through the Companys strong existing cash position and robust future free cash flow.
  • Sterling completed a refinancing of its existing debt via a $300 million Term Loan A Facility and a $400 million Revolving Credit Facility.
  • With operations around the world, Sterling conducted more than 95 million searches in the twelve months ended December 31, 2021.

Interim results for the period ended September 30, 2022

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星期三, 十一月 16, 2022
Share repurchase, Adjustment, Snam, Annual, Maintenance, TTF, VIE, Sale, Brent Crude, Credit management, Credit, GAAP, Natural gas, Security (finance), Bank, Q3, Golar LNG, NFE, LNG, Q2

Collectively a $57.0 million Q3 realized gain on oil and gas derivative instruments was recognized as a result.

Key Points: 
  • Collectively a $57.0 million Q3 realized gain on oil and gas derivative instruments was recognized as a result.
  • A $30.7 million unrealized gain in respect of the hedged portion of Q3 2022 TTF linked FLNG Hilli production was also recognized during the quarter.
  • This is expected to result in a Q4 2022 realized mark-to-market gain on listed equity securities of approximately $56.7 million.
  • If the value of remaining listed securities held as of November 15, 2022 is taken into consideration Golar has net cash of around $451.5 million.

Unibail-Rodamco-Westfield updates its Green Financing Framework

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星期三, 十一月 16, 2022
Regeneration, International Institute of Green Finance, SPO, REIT, Certification, Climate change, Biodiversity loss, Better, ISS, Line of credit, URW, Credit management, Risk management, Renewable energy, Framework, Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield (URW) today announces the update of its Green Financing Framework (Framework"), which establishes a clear framework for the financing and/or refinancing of eligible new development projects and the regeneration of standing assets.

Key Points: 
  • Unibail-Rodamco-Westfield (URW) today announces the update of its Green Financing Framework (Framework"), which establishes a clear framework for the financing and/or refinancing of eligible new development projects and the regeneration of standing assets.
  • URW has also formed a Green Financing Committee that will rule on the use of proceeds and support future green financing allocation.
  • The Framework is aligned with best market practices, including the most recent updates of the ICMA Green Bond Principles as well as the LMA Green Loan Principles, while taking into account the EU Taxonomy Technical Screening Criteria.
  • Commenting on the Framework, Fabrice Mouchel, Chief Financial Officer, URW, said: Sustainability is embedded within our business strategy and these updates to our Green Financing Framework demonstrate our commitment to continue being a leader in this area.

Jack Henry Supports Cornerstone Bank in Strong Loan Growth

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星期四, 十一月 10, 2022
Ecosystem, John Henry, Risk, Technology, Multimedia, Form, NASDAQ, News, Credit management, Goal, Solution, U.S. Securities and Exchange Commission, Company, Form 10-K, JKHY, Bank, Legume, Central Massachusetts

MONETT, Mo., Nov. 10, 2022 /PRNewswire/ -- Jack Henry™ (NASDAQ: JKHY) and Cornerstone Bank announced today that Cornerstone Bank has experienced significant loan growth backed by Jack Henry's sophisticated digital loan-origination platform.

Key Points: 
  • MONETT, Mo., Nov. 10, 2022 /PRNewswire/ -- Jack Henry (NASDAQ: JKHY) and Cornerstone Bank announced today that Cornerstone Bankhas experienced significant loan growth backed by Jack Henry's sophisticated digital loan-origination platform.
  • In only two years on the Jack Henry platform, the bank increased loan production by 180% and reduced the loan application to approval process from 14 to eight business days, without adding manpower.
  • Chelsea Prizio, vice-president, Credit Manager at Cornerstone Bank, said, "Jack Henry has streamlined our lending process, helping us meet the digital expectations of our customers and accelerate their access to capital.
  • Gary Lewis, managing director of Lending and Deposit Solutions at Jack Henry, said, "By offering a wide range of technology solutions, Jack Henry enables financial institutions like Cornerstone Bank to continue to deliver a high-touch approach, while streamlining processes, saving costs, and competing with mega-banks and fintechs.

Santander Commercial Banking Appoints Two New Leaders

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星期三, 十一月 9, 2022
Banking, Professional Services, Finance, Banco Santander, LI, Bentley University, NYSE, Risk management, UCD, HSBC, Jack Bravyak, Santander Bank, Credit management, Multimedia, Michael Smurfit Graduate Business School, Treasury, Commercial bank, Industry, Head, National university, CIT, Commercial, Allied Irish Banks, GE Commercial Finance, Financial services

Both executives will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank.

Key Points: 
  • Both executives will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank.
  • View the full release here: https://www.businesswire.com/news/home/20221109005801/en/
    Cleary has been with Santander for four years, most recently serving as Head of Underwriting & Portfolio Management.
  • I am excited to join Santander and lead Commercial Bankings Underwriting and Portfolio Management team, Bravyak said.
  • Santander earns the loyalty of its commercial banking clients by offering services that help them manage their operating needs, maximize their working capital and grow their businesses domestically and internationally.

Zoned Properties to Webcast Live at VirtualInvestorConferences.com October 27th

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星期二, 十月 25, 2022
Company, Removal of cannabis from Schedule I of the Controlled Substances Act, Growth, Credit management, Better Business Bureau, Perpetual Real Estate Services, Inc. v. Michaelson Properties, Inc., Institutional Investor Advisory Services, Finance Secretary (India), Controlled Substances Act, GLOBE, U.S. Green Building Council, Property, VIC, Suite, Cannabis, Security (finance), Financial services

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

Key Points: 
  • If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
  • Zoned Properties has secured a $4.5 Million Debt Facility that the Company intends to deploy into new Property Investments and Acquisitions to grow its Investment Portfolio.
  • Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including legalized cannabis.
  • Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Business Council.

Encore Capital Group to Announce Third Quarter 2022 Financial Results on November 2

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星期二, 十月 18, 2022
SAN, Telephone, Webcast, Credit management, Russell, Nasdaq, Company, Internet, ECPG, Wilshire, Russell 2000 Index, Encore Capital Group, GLOBE, Encore

SAN DIEGO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2022 on Wednesday, November 2, 2022, after the market closes.

Key Points: 
  • SAN DIEGO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2022 on Wednesday, November 2, 2022, after the market closes.
  • Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at www.encorecapital.com .
  • Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets.
  • Through its subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions and utility providers.