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Day: June 11, 2020

Territorial Bancorp Inc. Announces Results of Annual Meeting

HONOLULU, June 11, 2020 (GLOBE NEWSWIRE) — Territorial Bancorp Inc., (NASDAQ:  TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces the results of its 2020 Annual Meeting of Stockholders held on June 11, 2020.Two members of the Board of Directors, Howard Y. Ikeda and David S. Murakami, were each elected to serve for a three-year term.  Stockholders also ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2020 and approved the Company’s compensation of named executive officers on an advisory basis.Territorial Savings Bank is a state chartered savings bank that was originally chartered in 1921 by the Territory of Hawaii.  Territorial Savings Bank conducts business from...

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Freddie Mac Prices $729 million Multifamily K-Deal, K-1515

MCLEAN, Va., June 11, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $729 million in K Certificates (K-1515 Certificates), which are expected to settle on or about June 19, 2020.K-1515 PricingDetailsCo-Lead Managers and Joint Bookrunners: J.P. Morgan Securities LLC and PNC Capital Markets LLCCo-Managers: Barclays Capital Inc., CastleOak Securities, L.P., Mizuho Securities USA LLC and Morgan Stanley & Co. LLCRelated LinksThe K-1515 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k1515oc.pdfFreddie Mac Multifamily Securitization OverviewMultifamily Securities Investor Access database of post-securitization data from...

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Churchill Downs Incorporated to Reopen Properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio

LOUISVILLE, Ky., June 11, 2020 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today plans to resume operations at five casino properties in Florida, Pennsylvania, Louisiana, Maryland and Ohio from June 12 to June 19, 2020, in addition to its previously announced plans to resume operations at Harlow’s Casino Resort & Spa in Greenville, Mississippi, Riverwalk Casino Hotel in Vicksburg, Mississippi and Derby City Gaming, CDI’s historical racing machine property in Louisville, Kentucky.On Friday, June 12, 2020, CDI plans to reopen Calder Casino in Miami Gardens, Florida and Lady Luck Casino Nemacolin in Farmington, Pennsylvania. On Saturday, June 13, 2020, the Company plans to reopen Fair Grounds Race Course & Slots in New Orleans, Louisiana. CDI’s 12 Off-Track Betting locations...

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Technicolor: Update on the On-Going Negotiation Process

PRESS RELEASEUPDATE ON THE ON-GOING NEGOTIATION PROCESSParis (France), 11 June 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) (the “Company”) announces today that, in the framework of the conciliation proceedings opened on June 2nd, negotiations with its lenders are progressing and that, in order to facilitate the implementation of a restructuring transaction, the Company wishes to have the ability to request, as the case may be, (i) the opening in France of a “procédure de sauvegarde financière accélérée” (which is a form of pre-negotiated safeguard procedure with financial creditors only) (“SFA”) on Technicolor SA and (ii) the recognition of the SFA in the US, in accordance with applicable regulations (the “Recognition Procedure”). The Recognition Procedure is solely a procedure allowing the recognition of the effects of foreign...

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TECHNICOLOR : POINT SUR LE PROCESSUS DE NEGOCIATIONS EN COURS

COMMUNIQUE DE PRESSEPOINT SUR LE PROCESSUS DE NEGOCIATIONS EN COURSParis (France), 11 juin 2020 –Technicolor (Euronext Paris : TCH ; OTCQX : TCLRY) (la “Société“) annonce aujourd’hui que, dans le cadre de la procédure de conciliation ouverte le 2 juin, les négociations avec ses prêteurs avancent et que, afin de faciliter la mise en œuvre d’uneopération de restructuration, la Société souhaite avoir la possibilité de demander, le cas échéant, (i) l’ouverture en France d’une sauvegarde financière accélérée («SFA») (qui est une forme de procédure de sauvegarde pré-négociée avec les créanciers financiers uniquement) visant Technicolor SA et (ii) la reconnaissance de la SFA aux États-Unis, conformément à la réglementation applicable (la «Procédure de Reconnaissance»). La Procédure de Reconnaissance est une procédure...

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RF Industries Reports Results for Second Quarter of Fiscal 2020

SAN DIEGO, CA, June 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE —RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced its financial results for the second quarter of fiscal 2020 ended April 30, 2020.Second Quarter Fiscal 2020 Highlights and Operating Results:Net sales of $10.4 millionNet loss was $(184,000), or $(0.02) per diluted shareNon-GAAP net loss was $(73,000), or $(0.01) per diluted shareAdjusted EBITDA was $176,000Cash and cash equivalents were $14 millionRobert Dawson, President and CEO of RF Industries, commented:“As the second quarter began, we were executing well on our go-to-market plan and generating good momentum in our business. However, as we stated on our last earnings call, which occurred only days prior to the government mandated...

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Ferrellgas Partners, L.P. Enters Into Forbearance Agreement With Noteholders

LIBERTY, Mo., June 11, 2020 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (“FGP”) announced today that it has entered into a forbearance agreement with holders of its 8.625% Senior Notes due June 15, 2020 (the “2020 Notes”) holding approximately 77% of the outstanding amount of such notes (the “Forbearing Holders”).  Pursuant to the agreement, the Forbearing Holders of the 2020 Notes agreed to forbear from exercising any rights or remedies during the forbearance period against FGP arising from FGP’s failure to pay amounts due and owing under the applicable indenture.  The Forbearing Holders also agreed to direct U.S. Bank National Association, as indenture trustee, not to take any remedial action during the term of the forbearance agreement.  During the forbearance period, FGP and the Forbearing Holders agreed to work cooperatively...

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Mercury Takes High-Performance Graphics Processing to the Edge

ANDOVER, Mass., June 11, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today unveiled the new GSC6204 OpenVPX™ 6U NVIDIA® Turing™ architecture-based GPU co-processing engine, providing accelerated high-performance computing capabilities to commercial aerospace and defense applications.“Our customers need real-time, data center-level performance in their platforms to process the unrelenting streams of data from high-resolution, long-range sensors,” said Joe Plunkett, Vice President and General Manager of Mercury’s Sensor Processing group. “As part of our commitment to Innovation That Matters, we’re leveraging NVIDIA GPU technology to embed the latest parallel processing capabilities into ruggedized solutions and bring...

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INTL FCStone Inc. Announces Closing of $350 Million of Senior Secured Notes Due 2025

NEW YORK, June 11, 2020 (GLOBE NEWSWIRE) — INTL FCStone Inc. (NASDAQ: INTL) (the “Company”) today announced the closing of its previously-announced offering of $350 million in aggregate principal amount of 8.625% Senior Secured Notes due 2025 (the “Notes”) at the offering price of 98.5% of the aggregate principal amount thereof.  The Company has deposited the gross proceeds from the sale of the Notes, as well as escrow agency fees and interest on the Notes to (but not including) the date that is two months from the date of the closing of the offering of the Notes, into a segregated escrow account until the date that certain escrow release conditions are satisfied.  Until the earlier of the satisfaction of the escrow release conditions or occurrence of a special mandatory redemption, on each two-month anniversary of the date of the...

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International Money Express, Inc. Announces Change in Location of its Annual Meeting of Stockholders

MIAMI, June 11, 2020 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance services company focused primarily on the Latin America and Caribbean corridor, today announced that the location of the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) of the Company has been changed. As previously announced, the Annual Meeting will be held on Friday, June 26, 2020, at 11:00 a.m., Eastern Time. Due to the COVID-19 pandemic, the previously announced meeting location is no longer available on our meeting date, and we have made the decision that this year’s Annual Meeting will instead be held at The Biltmore Hotel 1200 Anastasia Avenue, Coral Gables, FL 33134, in the Prado meeting room, on the date and at the time previously announced.It is important that each...

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