Day: June 22, 2021

ISLANDIA, N.Y., June 22, 2021 (GLOBE NEWSWIRE) — Intrado Corporation (the “Company” or “Intrado”), a global leader in technology-enabled services, today announced that it has commenced an offer to purchase for cash (the “Asset Sale Offer”) up to $100.0 million (the “Offer Amount”) of the Company’s outstanding 8.50% Senior Notes due 2025 (the “Notes”), at a price equal to 100% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to, but excluding, the settlement date. The Asset Sale Offer is being made pursuant to the indenture governing the Notes (the “Indenture”) and an Offer to Purchase, dated June 22, 2021, which more fully set forth the terms and conditions of the Asset Sale Offer.Title of Security   CUSIP Number   Principal Amount Outstanding   Purchase Price(1)8.50% Senior Secured...

Beverly Hills, CA, June 22, 2021 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT, FATBP, FATBW), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, today announced the closing of its previously announced underwritten public offering of 460,000 shares of 8.25% Series B Cumulative Preferred Stock at a price to the public of $20.00 per share, which includes 60,000 shares issued and sold upon full exercise of the underwriter’s option to purchase additional shares. The aggregate gross proceeds to the Company were $9,200,000, prior to deducting underwriting discounts and other offering expenses. FAT Brands Inc. intends to use the net proceeds of the offering for general corporate purposes and possible future acquisitions...

MCLEAN, Va., June 22, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today announced that Alberto G. Musalem has been elected to its Board of Directors effective June 17, 2021. Currently, Musalem is chief executive officer, co-chief investment officer, and a founder of Evince Asset Management LP, a company developing portfolio technologies for investors and managing a quantitative global fund. “Mr. Musalem brings significant finance, capital markets, economics, and public policy expertise to our Board,” said Sara Mathew, non-executive chair of Freddie Mac’s Board of Directors. “We welcome him as a highly qualified new member whose decades of experience position him to play an important role on our Risk committee and our Compensation & Human Capital committee.” Before founding Evince Asset Management, Musalem served as executive...

DRAPER, Utah, June 22, 2021 (GLOBE NEWSWIRE) — HealthEquity, Inc. (NASDAQ: HQY), the nation’s largest health savings account (“HSA”) non-bank custodian, today announced that CEO Jon Kessler has been awarded a Glassdoor Employees’ Choice Award honoring the Top CEOs in 2021. As one of the world’s largest job and recruiting sites, Glassdoor recognizes outstanding employers and leaders throughout the world with the Employees’ Choice Awards every year. Based entirely on anonymous employee feedback, Kessler has been recognized as a leading CEO in the U.S. with an approval rating of 94%. “I’m motivated every day by the importance of HealthEquity’s mission to help American families connect health and wealth, and the authenticity of its Purple culture of service, not just to customers but to fellow team members as well,”...

ISLANDIA, N.Y., June 22, 2021 (GLOBE NEWSWIRE) — Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, today announced it has completed the previously announced sale of its Health Advocate business to Teleperformance. The sale of this business will allow Intrado to further focus on its remaining cloud-based technology and next generation solutions. The purchase price was approximately $690 million. The net proceeds of the sale which reflect, among other things, the netting of taxes, fees, and expenses relating to the sale, are approximately $591 million. The Company intends to use approximately $350 million of the net proceeds to repay a portion of its outstanding term loans and approximately $100 million to repurchase its 8.50% Senior Notes due 2025 via an asset sale offer. The Company...