GCM Grosvenor Announces Successful Closing of Incremental Term Loan and Expected Closing of Mosaic Assets Repurchase on July 2, 2021

Written by Customer Service on June 23, 2021. Posted in Public Companies.

Final Mosaic Purchase Price to Reflect $13 Million Discount to Repurchase Option Price CHICAGO, June 23, 2021 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG) (the “Company”), a global alternative asset management solutions provider, announced today that it successfully upsized its existing Term Loan by a principal amount of $110 million. The net proceeds will be used to repurchase certain fund investments and rights to future carry associated with Mosaic (collectively, the “Mosaic Assets”). GCM Grosvenor was able to secure a $13 million discount to the purchase price. The Company has provided notice to exercise the repurchase option for the Mosaic Assets at an estimated net purchase price of $163 million, inclusive of the $13 million negotiated discount (the “Transaction”). Based upon values as of March 31, 20211, GCM Grosvenor...

CCL Industries Announces New Leadership at Checkpoint

Written by Customer Service on June 23, 2021. Posted in Public Companies.

TORONTO, June 23, 2021 (GLOBE NEWSWIRE) — CCL Industries Inc. (TSX:CCL.A) (TSX:CCL.B) (“the Company”), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, today announced Ben Lilienthal as the new President of its Checkpoint unit headquartered in Thorofare, NJ. Mr. Lilienthal replaces John Dargan, who is retiring from the Company, and will transition to his new role over this summer as he relocates to the United States from Mexico. He retains his regional oversight role for all the Company’s business units in Mexico including the Innovia sales units in the United States, which handle exports from the large supply plant in Zacapu. Geoffrey T. Martin, President and Chief Executive Officer, commented, “Ben joined CCL in 2002, and over...

FinTech Acquisition Corp. VI Announces Pricing of $220,000,000 Initial Public Offering

Written by Customer Service on June 23, 2021. Posted in Public Companies.

PHILADELPHIA, PA, June 23, 2021 (GLOBE NEWSWIRE) — FinTech Acquisition Corp. VI (NASDAQ:FTVIU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit, for gross proceeds to the Company of $220,000,000. The Company’s units will be listed on the Nasdaq Capital Market under the symbol “FTVIU” and will begin trading on June 24, 2021. Each unit issued in the offering consists of one share of the Company’s Class A common stock and one-fourth of one warrant, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock...

UPDATED/CORRECTED – Globus Maritime Announces New Charter for the M/V River Globe

Written by Customer Service on June 23, 2021. Posted in Public Companies.

GLYFADA, Greece, June 23, 2021 (GLOBE NEWSWIRE) — Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured a new charter employment for its vessel M/V River Globe (a 53,627-deadweight ton Supramax dry bulk carrier built in 2007, at the Yangzhou Dayang Shipbuilding Co. Ltd). The vessel has been chartered to an unrelated party for a gross daily rate of $29,500. The charter commenced on June 21, 2021 and has a minimum duration of three months and a maximum duration of five months (plus 15 days) at the charterer’s option, which is expected to generate gross revenue of approximately $2.74 million assuming the charter continues for the minimum scheduled period and approximately $4.99 million if the charter continues for the maximum period, in each...

Leading Edge Materials Reports Quarterly Results to April 30, 2021

Written by Customer Service on June 23, 2021. Posted in Public Companies.

Vancouver, June 23, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces second quarter results for the period ending April 30, 2021. All references to dollar amounts in this release are in Canadian dollars unless otherwise specified. Highlights During and After the Quarter During the three months ended April 30, 2021 the Company: Appointed Mr. Sanjay Swarup as new Chief Financial Officer on March 1, 2021 Held its Annual General Meeting of Shareholders on April 21, 2021, where shareholders voted in favour of setting the number of directors at three and for the re-election of all director nominees. In addition, shareholders also approved the ratification of the Company’s 10% rolling stock option plan and the appointment of D&H Group...

Concentrix Reports Record Second Quarter 2021 Results with Strong New Business Signings

Written by Customer Service on June 23, 2021. Posted in Earnings Releases And Operating Results.

FREMONT, Calif., June 23, 2021 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) solutions and technology, today announced financial results for the fiscal second quarter ended May 31, 2021. Three Months Ended May 31, 2021 May 31, 2020 Change Revenue ($M) $ 1,369.9 $ 1,066.4 28.5 % Operating income ($M) $ 128.2 $ 23.6 443.2 % Non-GAAP operating income ($M) (1) $ 172.1 $ 67.5 155.0 % Operating margin 9.4 % 2.2 % 720 bps Non-GAAP operating margin (1) 12.6 % 6.3 % 630 bps Net income ($M) $ 82.9 $ 2.5 3,216.0 % Non-GAAP net income ($M) (1) $ 124.9 $ 35.3 253.8 % Adjusted EBITDA ($M) (1) $ 208.3 $ 97.7 113.2 % Adjusted EBITDA margin (1) 15.2 % 9.2 % 600 bps Diluted earnings per...

Worthington Reports Fourth Quarter Fiscal 2021 Results

Written by Customer Service on June 23, 2021. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, June 23, 2021 (GLOBE NEWSWIRE) — Worthington Industries, Inc. (NYSE: WOR) today reported net sales of $978.3 million and net earnings of $113.6 million, or $2.15 per diluted share, for its fiscal 2021 fourth quarter ended May 31, 2021. In the fourth quarter of fiscal 2020, the Company reported net sales of $611.6 million and net earnings of $16.2 million, or $0.29 per diluted share. Results in both the current and prior year quarters were impacted by certain unique items, as summarized in the table below. (U.S. dollars in millions, except per share amounts) 4Q 2021 4Q 2020 After-Tax Per Share After-Tax Per Share Net earnings $ 113.6 $ 2.15 $ 16.2 $ 0.29 Impairment and restructuring charges 10.9 0.20 11.0 0.20 Incremental expenses related...

Brookfield Announces Results of Conversion of its Series 24 and Series 25 Preference Shares

Written by Customer Service on June 23, 2021. Posted in Public Companies.

All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, June 23, 2021 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced that 28,961 of its Cumulative Class A Preference Shares, Series 24 (the “Series 24 Shares”) (TSX: BAM.PR.R) and 658,612 of its Cumulative Class A Preference Shares, Series 25 (the “Series 25 Shares”) (TSX: BAM.PR.S) were tendered for conversion into Series 25 Shares and Series 24 Shares, respectively. Brookfield currently has 9,278,894 Series 24 Shares and 1,529,133 Series 25 Shares outstanding. After taking into account all shares tendered for conversion, there would be less than one million Series 25 Shares outstanding on June 30, 2021, the conversion date. Accordingly, as provided in the share conditions of the Series 25 Shares, all...

Great Elm Capital Corp. Announces Conditional Redemption of 6.50% Notes due 2022

Written by Customer Service on June 23, 2021. Posted in Public Companies.

WALTHAM, Mass., June 23, 2021 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today that it has caused notices to be issued to the holders of its 6.50% Notes due 2022 (CUSIP No. 390320 307; NASDAQ: GECCL) (the “Notes”) regarding the Company’s exercise of its option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture, dated as of September 18, 2017, by and between the Company and American Stock Transfer & Trust Company, LLC, as trustee (the “Trustee”), and Section 1.01(h) of the First Supplemental Indenture, dated as of September 18, 2017, by and between the Company and the Trustee. The Company will redeem all of the issued and outstanding Notes on July 23, 2021 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal...

HCI Group to Present at BofA Securities 2021 InsurTech Conference on June 30, 2021

Written by Customer Service on June 23, 2021. Posted in Public Companies.

TAMPA, Fla., June 23, 2021 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE: HCI), a leading homeowners insurer executing on a nationwide expansion plan through its technology-led insurance subsidiary TypTap Insurance Company, will participate at the BofA Securities 2021 InsurTech Conference, which will be held virtually on Wednesday, June 30, 2021. HCI Group Chairman and Chief Executive Officer Paresh Patel and TypTap Insurance Company President Kevin Mitchell are scheduled to participate in a fireside chat with BofA Managing Director and Research Analyst Joshua Shanker on Wednesday, June 30, 2021, at 8:00 a.m. Eastern time. Management will also hold one-on-one meetings with institutional investors throughout the day. For additional information, please contact Gateway Group at TypTap@gatewayir.com. About HCI Group, Inc.HCI Group, Inc....

Day: June 23, 2021

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