Month: February 2021
London, February 26, 2021CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) announces that it has exercised the second one-year extension option (i.e. to March 2026) of its syndicated committed revolving credit facility for € 3.9505 billion. The remaining € 49.5 million will mature in March 2025.CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction...
Leading InsurTech Company TypTap Raises $100 Million from Centerbridge
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TAMPA, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI) subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million.TypTap is an InsurTech company. Its rapidly growing, technology driven insurance operations provide homeowners and flood insurance in Florida. TypTap plans to expand its operations nationwide, having received regulatory approval in 10 additional states with approvals pending in an additional nine states.In exchange for its investment, Centerbridge received from TypTap preferred shares with liquidation, dividend, redemption, and other rights and received from HCI...
VR Resources Closes Non-Brokered Flow-Through Private Placement for Proceeds of $150,000
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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) — VR Resources Ltd. (TSX.V: VRR; FSE: 5VR; OTCBB: VRRCF) (the “Company” or “VR”) is pleased to announce that it has closed its previously announced non-brokered flow-through private placement (“Financing”) consisting of 365,854 flow-through shares (“FT Shares”) at a price of $0.41 per flow-through share for gross proceeds of $150,000.14.In connection with the Financing, the Company paid a cash finders fee of $9,000.00, issued 10,975 finders share purchase warrants and paid a legal fee of $1,000. The finders warrants are exercisable at $0.55 per common share...
BellRing Brands Announces Repricing of $636 Million Term Loan
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ST. LOUIS, Feb. 26, 2021 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) (the “Company”) today announced that its subsidiary, BellRing Brands, LLC (“BellRing LLC”), completed an opportunistic repricing of its existing $636.2 million term loan through an amendment to its credit agreement.The amendment refinances BellRing LLC’s term loan to reduce the interest rate on the term loan by 100 basis points (1.00%) to the Eurodollar Rate plus 4.00% or the Base Rate plus 3.00%, and also reduces the floor for the Eurodollar Rate for BellRing LLC’s term loan from 1.00% to 0.75%. In addition, the amendment provides that if on or before August 26, 2021 BellRing LLC repays the term loan with the proceeds of a new financing at a lower effective interest rate, or further amends the credit agreement to reduce the effective interest rate, BellRing...
Vornado Completes $525 Million Refinancing of One Park Avenue
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NEW YORK, Feb. 26, 2021 (GLOBE NEWSWIRE) — VORNADO REALTY TRUST (NYSE: VNO) announced today that its 55% owned joint venture has completed a $525 million refinancing of One Park Avenue, a 943,000 square foot Manhattan office building. The interest only loan carries a rate of LIBOR plus 1.107% (currently 1.222%) and matures in February 2026, as fully extended.The loan replaces the previous $300 million loan that bore interest at LIBOR plus 1.75% and was scheduled to mature in March 2021. Vornado’s share of the net proceeds was approximately $105 million.Vornado Realty Trust is a fully-integrated equity real estate investment trust.CONTACT
Ferrari Releases Its 2020 Annual Report And files Annual Report on Form 20-F
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Maranello (Italy), February 26, 2021 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2020 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2020, with the United States Securities and Exchange Commission. Ferrari’s 2020 Annual Report and annual report on Form 20-F are available under section Investors on Ferrari’s corporate website at http://corporate.ferrari.com, where they can be viewed and downloaded1. Shareholders may request a hard copy of these materials, which include Ferrari’s audited financial statements, free of charge, through the contact below.For further information:Media Relationstel.: +39 0536 949337Email: media@ferrari.comAttachmentFNV 2020 20-F and AR Filing PR ENG
Malvern Bancorp, Inc. Announces Receipt of Nasdaq Letter and Rescheduling of Its Annual Meeting of Shareholders
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PAOLI, Pa., Feb. 26, 2021 (GLOBE NEWSWIRE) — Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association, today announced that it received a notification letter on February 23, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-Q for the first fiscal quarter end December 31, 2020 (the “Form 10-Q”), and therefore remains delinquent in filing its Form 10-Q, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”).The notification letter states that the Company has until April 24, 2021 to submit a plan to Nasdaq as to how it plans to regain compliance with Nasdaq’s continued listing requirements....
Zumiez Inc. to Report Fourth Quarter 2020 Results on March 11, 2021
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LYNNWOOD, Wash., Feb. 26, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) today announced it will report fiscal fourth quarter 2020 financial results on Thursday, March 11, 2021, following the closing of regular stock market trading hours. The Company will hold a conference call that day at 5:00 p.m. ET to review the results.Investors and analysts interested in participating in the call are invited to dial (844) 309-0606 (domestic) or (574) 990-9934 (international) at 5:00 p.m. ET (2:00 p.m. PT) and provide the conference identification number: 1986667. The conference call will also be available to interested parties through a live webcast at http://ir.zumiez.com. Please visit the website and select the “Events” tab at least 15 minutes prior to the start of the call to register and download any necessary software.A telephone replay...
SEACOR Marine Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change
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HOUSTON, Feb. 26, 2021 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, has joined more than 700 companies and organizations in signing the Neptune Declaration on Seafarer Wellbeing and Crew Change (the “Neptune Declaration”).This initiative from the Global Maritime Forum recognizes the shared responsibility to ensure that the current crew change crisis, brought by the current pandemic situation, is resolved as soon as possible and to use the learnings from the crisis as an opportunity to build a more resilient maritime supply chain. The Neptune Declaration urges the implementation of four main actions to address the crisis:Recognize seafarers as key workers...
Culp, Inc. to Broadcast Third Quarter Fiscal 2021 Conference Call Live on the Internet
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HIGH POINT, N.C. , Feb. 26, 2021 (GLOBE NEWSWIRE) — Culp, Inc. (NYSE: CULP) today announced that it will provide an online, real-time webcast and rebroadcast of its third quarter fiscal 2021 conference call on Thursday, March 4, 2021, at 11:00 a.m. ET. During this call, Culp will review the company’s financial and operating results for the third quarter ended January 31, 2021. A press release announcing these results will be issued after the close of market trading on Wednesday, March 3, 2021.The live broadcast of Culp’s quarterly conference call will be available online at www.culp.com on Thursday, March 4, 2021, beginning at 11:00 a.m. ET. To listen to the live webcast, please visit the website at least 15 minutes early to download and install any necessary audio software. An Internet replay of the call will be available for...