FV

KBRA Releases Research – Fourth-Quarter 2023 Business Development Company (BDC) Ratings Compendium

Retrieved on: 
星期四, 三月 28, 2024
Banking, Professional Services, Insurance, Finance, CLO, Pressure, SPV, Environment, FV, PIK, KBRA, BDC, Compendium, NII, Quarter, Growth, Federal, Bank

KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.

Key Points: 
  • KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended December 31, 2023, and offers a review of perpetual continuously offered non-traded BDCs as well as recent industry developments.
  • The performance of KBRA-rated BDCs remained stable in 4Q23 with solid credit metrics, including comfortable liquidity considering near-term maturities, low non-accruals, and appropriate leverage overall.
  • KBRA will be monitoring BDC’s non-accrual rates and other signs of portfolio stress, as most underlying borrowers only began to experience the full impact of rate hikes in late 2023.
  • Growth was targeted toward perpetual-life BDCs that raised mostly retail capital and newly formed BDCs that raised significant institutional capital in 2023.

FV Bank Announces Enhanced Deposit Options for Account Holders with Introduction of Euro Deposits

Retrieved on: 
星期四, 三月 21, 2024
Professional Services, Technology, Other Technology, Finance, Fintech, Banking, Digital Cash Management, Digital Assets, FV, ACH, EUR, SME, Bank

In addition to USD deposits, account holders now have the flexibility to receive euros directly into their FV Bank account, where euro deposits are automatically converted to USD upon processing.

Key Points: 
  • In addition to USD deposits, account holders now have the flexibility to receive euros directly into their FV Bank account, where euro deposits are automatically converted to USD upon processing.
  • This integrated approach simplifies banking for FV Bank enterprise customers, offering an extended range of deposit options without the need to open additional currency accounts.
  • Account holders are given the facility to review daily EUR/USD conversion rates in the banking dashboard before initiating a deposit.
  • "We are proud to announce the integration of euro deposits into our suite of financial services at FV Bank”, said Miles Paschini, CEO of FV Bank.

KBRA Assigns Ratings to Franklin BSP Capital Corporation

Retrieved on: 
星期二, 二月 6, 2024
Professional Services, Finance, Risk management, JV, Mergers and acquisitions, Post road, FV, Environment, Outlook, KBRA, Investment, LTV, BDC, Siena, Positive, Security (finance)

In connection with the BDC merger described below, KBRA withdraws the BBB- issuer and senior unsecured debt ratings of Franklin BSP Lending Corporation ("FBLC") and assigns BBB- issuer and senior unsecured debt ratings to Franklin BSP Capital Corporation ("FBCC").

Key Points: 
  • In connection with the BDC merger described below, KBRA withdraws the BBB- issuer and senior unsecured debt ratings of Franklin BSP Lending Corporation ("FBLC") and assigns BBB- issuer and senior unsecured debt ratings to Franklin BSP Capital Corporation ("FBCC").
  • FBLC, which KBRA has rated since 2015, was a non-listed BDC with a $2.8 billion investment portfolio at fair value (FV), as of September 30, 2023.
  • There is no change to FBCC’s Adviser, Franklin BSP Capital Adviser L.L.C, and the underlying strategy remains the same.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Stora Enso Oyj Financial Statement Release 2023: Focus on profit improvement, competitiveness, and cash flow

Retrieved on: 
星期四, 二月 1, 2024
EPS, Annual, Pressure, FV, Carbon, Wood, Steiner's Taxonomy of Tasks, Risk, Acquisition, AGM, Sale, Construction, EUR, Lithium

Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.

Key Points: 
  • Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.
  • Stora Enso has initiated a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT.
  • During the second half of 2023, Stora Enso implemented significant restructuring measures to enhance its financial performance going forward.
  • Building on last year's cost-saving initiative, Stora Enso will further pursue profit turnaround and cash flow improvements to reduce costs and improve competitiveness.

Stora Enso Oyj Financial Statement Release 2023: Focus on profit improvement, competitiveness, and cash flow

Retrieved on: 
星期四, 二月 1, 2024
EPS, Annual, Pressure, FV, Carbon, Wood, Steiner's Taxonomy of Tasks, Risk, Acquisition, AGM, Sale, Construction, EUR, Lithium

Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.

Key Points: 
  • Stora Enso finalised the restructuring actions to improve long-term competitiveness and profitability announced in June 2023.
  • Stora Enso has initiated a new profit improvement programme targeting annualised EUR 80 million improvement of the operational EBIT.
  • During the second half of 2023, Stora Enso implemented significant restructuring measures to enhance its financial performance going forward.
  • Building on last year's cost-saving initiative, Stora Enso will further pursue profit turnaround and cash flow improvements to reduce costs and improve competitiveness.

KBRA Releases Research – Third-Quarter 2023 Business Development Company (BDC) Ratings Compendium and 2024 Sector Outlook

Retrieved on: 
星期五, 十二月 8, 2023
Professional Services, Finance, EBITDA, Environment, OID, KBRA, Pressure, FV, NII, BDC, Bank, Security (finance), Telescopic sight

KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2023, as well as provides our 2024 Sector Outlook.

Key Points: 
  • KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2023, as well as provides our 2024 Sector Outlook.
  • The performance of KBRA-rated BDCs remains stable with solid credit metrics, including comfortable liquidity considering near-term maturities, low non-accruals, and appropriate leverage.
  • KBRA’s Outlook for our portfolio of rated BDCs remains generally Stable, reflecting our view that they can successfully manage through a more uncertain environment in 2024.
  • BDC portfolio growth remains muted to maintain conservative leverage in anticipation of a more stressful economic environment in 2024.

KBRA Assigns Rating to MidCap Financial Investment Corporation's $75 Million Senior Unsecured Notes

Retrieved on: 
星期三, 十二月 6, 2023
Banking, Professional Services, Finance, EBITDA, KBRA, Apollo Global Management, FV, Risk management, Investment, BDC, AGM, Corporate services, Health care, RIC, AUM, Security (finance), MD

KBRA assigns a BBB- rating to MidCap Financial Investment's ("MFIC" or "the company") $75 million 8.0% senior unsecured notes due December 15, 2028.

Key Points: 
  • KBRA assigns a BBB- rating to MidCap Financial Investment's ("MFIC" or "the company") $75 million 8.0% senior unsecured notes due December 15, 2028.
  • MidCap Financial is a Bethesda, MD based middle market focused, specialty finance firm that was established in 2008 and has a long history of solid credit performance.
  • The company has $350 million of senior unsecured notes coming due in 2025.
  • The company changed its name from Apollo Investment Corporation in August 2022 to more closely align its strategy and ties with MidCap Financial.

NEW FV GEOMETRY BY KENNAMETAL FEATURES INNOVATIVE CHIP BREAKER DESIGN

Retrieved on: 
星期三, 十一月 1, 2023
Running, FV, Transport, NYSE, KMT, Kennametal, Marketing

PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting edge for improved surface roughness and chip formation.

Key Points: 
  • PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting edge for improved surface roughness and chip formation.
  • "The flexibility of our new FV geometry brings operators enhanced performance with consistent chip control in low or medium depths of cut and fewer process interruptions for tool changes," said Scott Etling, Vice President of Marketing, Global Product Management.
  • FV Geometry is designed with channels that deliver coolant closer to the cutting edge—for the machinist seeking peak versatility and running uninterrupted and lightly interrupted cuts.
  • FV Geometry eliminates the need to change tools for finishings operations, making it ideal for a broad range of transportation and general engineering applications.

NEW FV GEOMETRY BY KENNAMETAL FEATURES INNOVATIVE CHIP BREAKER DESIGN

Retrieved on: 
星期三, 十一月 1, 2023
Running, FV, Transport, NYSE, KMT, Kennametal, Marketing

PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting edge for improved surface roughness and chip formation.

Key Points: 
  • PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting edge for improved surface roughness and chip formation.
  • "The flexibility of our new FV geometry brings operators enhanced performance with consistent chip control in low or medium depths of cut and fewer process interruptions for tool changes," said Scott Etling, Vice President of Marketing, Global Product Management.
  • FV Geometry is designed with channels that deliver coolant closer to the cutting edge—for the machinist seeking peak versatility and running uninterrupted and lightly interrupted cuts.
  • FV Geometry eliminates the need to change tools for finishings operations, making it ideal for a broad range of transportation and general engineering applications.

FV Bank Announces Rollout of Custody Money Market Accounts

Retrieved on: 
星期一, 十月 23, 2023
Banking, Professional Services, Finance, Payment Services Act 2019, Money, Booth, USDC, SME, Treasury, Riau rupiah, Organization, FV, USD, Payment service provider, Financial services, Bank, United States Treasury security

MONEY 20/20: FV Bank ( www.fvbank.us ), a leading U.S. licensed global digital bank, today announced the launch of a Custody Money Market Account for qualified clients.

Key Points: 
  • MONEY 20/20: FV Bank ( www.fvbank.us ), a leading U.S. licensed global digital bank, today announced the launch of a Custody Money Market Account for qualified clients.
  • The Custody Money Market Account, now active and operational, provides a unique opportunity for qualified account holders to earn income on their account balance and enjoy easy transfers between their bank accounts and their custody money market account.
  • The Custody Money Market Accounts are held in FV Bank’s Trust division as custodial accounts and are self-directed by the account holders.
  • For more information about the Custody Money Market Account and FV Bank's integrated banking services, please visit www.fvbank.us or visit FV Bank at Money 20/20 at Booth #14618.