press release – Flight 93 http://flight93.org/ Tue, 01 Mar 2022 02:07:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://flight93.org/wp-content/uploads/2021/07/icon-5-150x150.png press release – Flight 93 http://flight93.org/ 32 32 HEALTH, INC. : Change of Directors or Principal Officers, Financial Statements and Exhibits (Form 8-K) https://flight93.org/health-inc-change-of-directors-or-principal-officers-financial-statements-and-exhibits-form-8-k/ Mon, 28 Feb 2022 21:50:10 +0000 https://flight93.org/health-inc-change-of-directors-or-principal-officers-financial-statements-and-exhibits-form-8-k/ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At February 28, 2022, eHealth, Inc. (the “Company”) has appointed Roman Rariy as Chief Operating Officer and Chief Transformation Officer of the Company, effective March 1, 2022. Mr. Rariy, 50, was previously Chief Transformation Officer […]]]>
Item 5.02            Departure of Directors or Certain Officers; Election of Directors;
                     Appointment of Certain Officers; Compensatory Arrangements of Certain
                     Officers.


At February 28, 2022, eHealth, Inc. (the “Company”) has appointed Roman Rariy as Chief Operating Officer and Chief Transformation Officer of the Company, effective March 1, 2022. Mr. Rariy, 50, was previously Chief Transformation Officer of Lionbridge, a company that provides translation and localization solutions, March 2020 for February 2022. At Lionbridge, Mr. Rariy successfully created and led enterprise-wide initiatives focused on the technology organization and operations. Prior to joining Lionbridge, Mr. Rariy served as Chief Operating Officer and Chief Operating Officer at Kraft Heinz Company for Australia and New Zealand from January 2017 for July 2019and served in the same quality for China from February 2015 for December 2016. Mr. Rariy holds an MBA in Healthcare Management from the Wharton School from
University of Pennsylvania and a doctorate in chemistry from the Lomonosov Moscow State University.

In connection with the appointment of Mr. Rariy as Chief Operating Officer and Chief Transformation Officer, the Company has entered into an offer letter (the “Offer Letter”) and a severance agreement (the “departure agreement”) with Mr. Rariy. Pursuant to the Letter of Offer, Mr. Rariy’s initial annual base salary is
$400,000 and he is eligible to participate in the Company’s executive bonus program for a target discretionary incentive bonus equal to 75% of his annual base salary; provided, however, that Mr. Rariy’s target bonus for 2022 is prorated to his start date. Mr. Rariy will be eligible to receive a single sign-on bonus in the amount of $100,000, less applicable taxes and deductions, on the first regular pay day after 30 days of employment. In order to earn the opening bonus, Mr. Rariy must be employed by the Company on the one-year anniversary after the opening bonus prepayment date. If Mr. Rariy’s employment is terminated for “cause” or if he resigns prior to completing one year of service, Mr. Rariy must repay the amount advanced to the Company pursuant to the terms of an agreement reimbursement of signature and retention bonuses. .

The letter of offer provides for the award, subject to the approval of the Compensation Committee of the Board, of an award of time-restricted share units with an approximate value of $1,000,000, the grant of which will be subject to four-year vesting, subject to potential acceleration upon certain terminations (the “Time-Based RSUs”). The letter of offer also provides for the grant of an award of performance-based restricted stock units of an approximate value of
$1,000,000 and will be eligible to be earned based on the Company’s achievement of various levels of thirty calendar day average price targets (or transaction price targets, in the case of a change of control), l Vesting generally occurring one year after the date the price threshold is reached, so long as Mr. Rariy has remained in continuous service with the Company (subject to potential acceleration of vesting upon certain terminations) (the “performance-based RSUs”).

The Company has also entered into a separation agreement with Mr. Rariy. Pursuant to the Separation Agreement, if Mr. Rariy is terminated by the Company “without cause” or if he voluntarily resigns for “good cause” (as such terms are defined in the Separation Agreement), Mr. Rariy will be entitled to receive the following severance pay and benefits: (i) a cash payment (less applicable withholding taxes) in an amount equal to twelve months of his base salary annual then in force; and (ii) company-paid group health, dental and vision care benefits for Mr. Rariy and his covered dependents for a maximum of twelve months. In addition, if Mr. Rariy is terminated by the Company “without cause” or if he voluntarily resigns for “good cause” during the 12-month period following a change of control (as such term is defined in the Separation Agreement), then Mr. Rariy will also be entitled to receive severance pay and the following benefits: (i) a cash payment (less applicable withholding taxes) in an amount equal to 100% his then-current target annual cash bonus; and (ii) vesting of 100% of all outstanding and unvested time-based awards granted to Mr. Rariy.

There is no family relationship between Mr. Rariy and any director or executive officer of the Company that requires disclosure under Section 401(d) of the SK Regulations. Except for the letter of offer and the separation agreement, there is no transaction between Mr. Rariy or a member of his immediate family, on the one hand, and the company or any of its subsidiaries, on the other hand, which requires disclosure under Section 404(a) of Regulation SK. In addition, there is no arrangement or agreement between Mr. Rariy and any other person pursuant to which Mr. Rariy was selected as Chief Operating Officer and Chief Transformation Officer of the Company.

The foregoing descriptions of the Letter of Offer, Signing and Retention Bonus Refund Agreement and Severance Agreement are summaries only and do not purport to be complete. A copy of the Signing and Retention Bonus Reimbursement Agreement and Severance Agreement will be filed as an attachment to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.

At February 28, 2022, the Company issued a press release announcing the appointment of Mr. Rariy. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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Item 9.01 Financial statements and supporting documents.

(d) Exhibits

Exhibit # Description 99.1 Press release from eHealth, Inc. dated 28 February 2022 (eHealth Hires Roman Rariy as Chief Operating Officer and Chief Transformation Officer) 104 Cover page Interactive data file (integrated into Inline XBRL document)

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© Edgar Online, source Previews

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SSI signs $440 million loan with Vietinbank https://flight93.org/ssi-signs-440-million-loan-with-vietinbank/ Tue, 15 Feb 2022 22:11:00 +0000 https://flight93.org/ssi-signs-440-million-loan-with-vietinbank/ VIETNAM, February 15 – SSI has signed a new loan agreement with Vietinbank for 10 trillion VNĐ ($440.87 million). — Photo courtesy of SSI HCM CITY – SSI Securities Corporation has signed a new loan agreement with Vietinbank for 10 trillion VNĐ (440.87 million dollars). The loan has a maximum term of 12 months, bears […]]]>

VIETNAM, February 15 –

SSI has signed a new loan agreement with Vietinbank for 10 trillion VNĐ ($440.87 million). — Photo courtesy of SSI

HCM CITY – SSI Securities Corporation has signed a new loan agreement with Vietinbank for 10 trillion VNĐ (440.87 million dollars).

The loan has a maximum term of 12 months, bears a short-term interest rate and has been partially disbursed.

Last year, SSI secured the largest foreign loan unsecured by a securities company at $267.5 million.

The new deal is the largest unsecured loan granted by a bank to a brokerage house in Việt Nam.

It will be used for trading activities and the purchase of valuable papers from financial institutions and corporate bonds.

Nguyễn Vũ Thùy Hương, managing director of treasury/senior investment at SSI, said Việt Nam’s stock market is entering a new phase after two decades of development. To prepare for significant market growth and provide quality products and services with low cost and high efficiency to customers, SSI is constantly improving its financial capability.

SSI has assets of 50.4 trillion VNĐ ($2.2 billion).

Its share capital is 13,900 billion VNĐ and the shareholders recently approved the issuance of shares to increase it to 15,000 billion VNĐ. —VNS

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Alexandria Real Estate Equities, Inc. Announces Public Offering Price of $800,000,000 Senior Bonds Due 2034 $1,000,000,000 Senior Bonds Due 2052 https://flight93.org/alexandria-real-estate-equities-inc-announces-public-offering-price-of-800000000-senior-bonds-due-2034-1000000000-senior-bonds-due-2052/ Thu, 03 Feb 2022 00:57:34 +0000 https://flight93.org/alexandria-real-estate-equities-inc-announces-public-offering-price-of-800000000-senior-bonds-due-2034-1000000000-senior-bonds-due-2052/ PASADENA, Calif., February 2, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandriaor the “Company”) (NYSE: ARE) today announced that it has priced a public offering of $800,000,000 aggregate principal amount of the 2.950% Senior Notes due 2034 and $1,000,000,000 aggregate principal amount of the 3.550% Senior Notes due 2052 (the “Notes”). Goldman Sachs & […]]]>

PASADENA, Calif., February 2, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandriaor the “Company”) (NYSE: ARE) today announced that it has priced a public offering of $800,000,000 aggregate principal amount of the 2.950% Senior Notes due 2034 and $1,000,000,000 aggregate principal amount of the 3.550% Senior Notes due 2052 (the “Notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC, Evercore Group LLC, JP Morgan Securities LLC, Mizuho Securities United States LLC, PNC Capital Markets LLC, Scotia Capital (United States) Inc., SMBC Nikko Securities America, Inc., TD Securities (United States) LLC and US Bancorp Investments, Inc. are acting as joint bookrunners for the public offering and Barclays Capital Inc., BNP Paribas Securities Corp., Capital One Securities, Inc., Fifth Third Securities, Inc. , Regions Securities LLC and Truist Securities, Inc. are acting as co-managers in the public offering.

The senior notes due 2034 were priced at 99.696% of the principal amount with a yield to maturity of 2.980% and the senior notes due 2052 were priced at 99.575% of the principal amount with a yield at maturity of 3.573%. The Notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, LP, an indirectly wholly owned subsidiary of the Company. Ticket sales are expected to close on or about February 16, 2022subject to customary closing conditions.

The net proceeds of the 2.950% Senior Notes due 2034 will initially be used for general corporate purposes, which may include reducing the outstanding balance of the Company’s senior unsecured line of credit, if applicable, the reduction of outstanding debt under the commercial paper program, if any, the repayment of other indebtedness and the selective development, redevelopment or acquisition of properties. In addition, following the initial allocation of the net proceeds described above, the Company will apply an amount equal to the net proceeds of the 2.950% Senior Notes due 2034 to fund, in whole or in part, projects recently completed and eligible future greens, which are defined as certain development, redevelopment or leasehold improvement projects that have received or are expected to receive LEED Gold or Platinum certification, including the development and redevelopment of such projects.

The net proceeds of the 3.550% Senior Notes due 2052 will be used for general working capital and other general corporate purposes, which may include reducing the outstanding balance of the Senior Line of Credit unsecured rank of the Company, if applicable, the reduction of outstanding debt under the Company’s commercial paper program, if applicable, the early repayment by cancellation of a secured note payable having an accounting balance of $196.5 million from December 31, 2021a contractual interest rate of 4.82% and a maturity of February 6, 2024the repayment of other debts and the selective development, redevelopment or acquisition of properties.

The Notes are being offered pursuant to an effective registration statement on Form S-3 that has been previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Company’s Notes, and there will be no sale of the Notes in any state in which such offer, solicitation or sale would be illegal before registration. or a qualification under the securities laws of such state.

Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by phone at (866) 471-2526, by fax at (212) 902-9316 or by e-mail at: prospectus-ny@ny.email.gs.com; BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, at 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001 or by e-mail to dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone toll-free at (800) 831-9146 or by email at prospectus@citi.com; or RBC Capital Markets, LLC, Attn: Syndicate Operations, at 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone toll-free at (866) 375-6829, by fax at (212) 428-6308 or by email at rbcnyfixed incomeprospectus@rbccm.com.

Alexandriaan S&P 500® Urban Office Real Estate Investment Trust, is the oldest and most pioneering owner, operator, and developer focused solely on collaborative life sciences, agtech, and technology campuses in cluster locations. AAA innovation. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations including Greater Bostonthe San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the Company’s offering of Notes and the intended use of proceeds. These forward-looking statements are based on the company’s current intention, beliefs or expectations, but the realization of forward-looking statements is not guaranteed and may not occur. Actual results may differ materially from those contained or implied by the Company’s forward-looking statements due to a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange. Committee. All forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update such information. For information about risks and uncertainties that could cause actual results to differ materially from those anticipated in the company’s forward-looking statements, as well as risks and uncertainties about the company’s business generally, please refer to the company’s filings with the Securities and Exchange Commission. , including its most recent annual report on Form 10-K and all quarterly reports subsequently filed on Form 10-Q.

CONTACT: Sara KabakoffVice President – ​​Communications, (626) 788-5578, skabakoff@are.com

Show original content:https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-announces-pricing-of-public-offering-of-800-000-000-of-senior-notes-due- 2034-1-000-000-000-of-senior-notes-due-2052–301474440.html

SOURCE Alexandria Real Estate Equities, Inc.

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ORPEA: Information on the financial conditions surrounding the departure of Mr. Yves Le Masne https://flight93.org/orpea-information-on-the-financial-conditions-surrounding-the-departure-of-mr-yves-le-masne/ Sun, 30 Jan 2022 21:52:00 +0000 https://flight93.org/orpea-information-on-the-financial-conditions-surrounding-the-departure-of-mr-yves-le-masne/ PUTEAUX, France–(BUSINESS WIRE)–Regulatory news: At its meeting of January 30, 2022, the Board of Directors set the financial conditions for the termination of Mr. Yves Le Masne’s duties as Chief Executive Officer of ORPEA (Paris:ORP), with effect from January 30, 2022. Fixed annual compensation Mr. Yves Le Masne will receive, pro rata temporis for the […]]]>

PUTEAUX, France–(BUSINESS WIRE)–Regulatory news:

At its meeting of January 30, 2022, the Board of Directors set the financial conditions for the termination of Mr. Yves Le Masne’s duties as Chief Executive Officer of ORPEA (Paris:ORP), with effect from January 30, 2022.

Fixed annual compensation

Mr. Yves Le Masne will receive, pro rata temporis for the period beginning on January 1, 2022 and ending on January 30, 2022, his fixed annual compensation (which is €760,000).

Annual premium payment

For 2021

Mr. Yves Le Masne’s annual bonus for the 2021 financial year will be determined, on the recommendation of the Appointments and Remuneration Committee, by the Board of Directors, which will approve the 2021 annual accounts, in accordance with the quantifiable and qualitative criteria set by the Board of Directors of April 22, 20211based on the Company’s performance in 2021.

The payment of Mr. Yves Le Masne’s total short-term bonus for 2021 is capped at 100% of his fixed annual compensation if the objective is achieved, with a maximum of 150% of this compensation in the event of outperformance.

The payment of this bonus will be subject to the prior approval of the General Meeting called in 2022 to approve the financial statements for the year ended December 31, 2021 (the “General Assembly 2022“).

For 2022

Given the departure date of Mr. Yves Le Masne, it has been decided that he will not be entitled to any short-term bonus for 2022.

Severance pay

An adjustment has been granted to Mr. Yves Le Masne so that he is entitled to an indemnity corresponding to 24 months of gross fixed annual compensation and bonuses (multiple of the average monthly compensation due and paid during the last two financial years), the exclusion of any exceptional and/or long-term compensation, in the event of termination of his duties as executive corporate officer2 and provided that the average of the bonuses paid for the last two financial years preceding that of the departure of the Chief Executive Officer is equal to or greater than 75% of the target bonus excluding exceptional compensation, this amount being reduced proportionally in the event of the average bonuses received during over the past two years have been between 50% and 75% of the target bonus, excluding exceptional compensation, and no benefit has been paid below a threshold of 50%.

This formula, approved annually by the General Meeting of shareholders since 2011, was approved for the last time as part of Mr. Yves Le Masne’s compensation policy for the 2021 financial year at the General Meeting of June 24 2021.

The Board of Directors has decided to defer its decision on the severance payment until the results of the independent evaluation initiated by the Board of Directors in accordance with the press release published on January 26, 2022.

Performance shares – Benefits of any kind

Mr. Yves Le Masne received 53,254 performance shares not yet vested on the date of termination of his duties under the 2019, 2020 and 2021 free share plans.

The Board of Directors has decided to postpone any decision likely to be taken in accordance with the compensation policy concerning a possible lifting of the condition of presence of said performance shares until the results of the above-mentioned independent assessment.

Mr. Yves Le Masne’s benefits in kind (unemployment insurance, company car and application of collective provident schemes and reimbursement of health expenses) will end on January 30, 2022, the date of termination of his duties.

Compensation of the Chairman and Chief Executive Officer

Mr. Philippe Charrier, Chairman of the Board of Directors, has been appointed Chief Executive Officer as of today.

The Board of Directors will determine, on the recommendation of the Appointments and Compensation Committee, the 2022 compensation policy applicable to the Chairman and Chief Executive Officer, consistent with the principles set out in the compensation policy for the Chief Executive Officer which was applicable to Mr. Yves Le Masne.

In accordance with the provisions of Articles L. 225-53 and L. 225-37-2 of the French Commercial Code and the recommendations of the AFEP-MEDEF Corporate Governance Code, these components of compensation will be published following a decision by the Board of Directors and will be submitted to the approval of the 2022 General Assembly.

About ORPEA (www.orpea-corp.com)

Created in 1989, ORPEA is one of the major world leaders in comprehensive dependency care, with a network of 1,156 establishments comprising 116,514 beds (including 26,359 under construction) in 23 countries, divided into 5 zones geographic:

– France Benelux: 586 establishments / 49,207 beds (including 5,672 under construction)

– Central Europe: 268 establishments / 28,419 beds (including 5,828 under construction)

– Eastern Europe: 142 establishments / 15,255 beds (including 4,101 under construction)

– Iberian Peninsula/Latin America: 158 establishments/23,108 beds (including 10,373 under construction)

– Rest of the world: 2 establishments/525 beds (including 385 under construction)

ORPEA is listed on Euronext Paris (ISIN code: FR0000184798) and is part of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.


1 See description on page 215 of the 2020 Universal Registration Document.

2 See description on page 217 of the 2020 Universal Registration Document.

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Activist group links climate change to increased crop insurance payments https://flight93.org/activist-group-links-climate-change-to-increased-crop-insurance-payments/ Sat, 29 Jan 2022 02:28:18 +0000 https://flight93.org/activist-group-links-climate-change-to-increased-crop-insurance-payments/ item A new report finds that extreme weather is costing taxpayers billions of dollars in crop insurance payments to farmers, according to the nonprofit Environmental Working Group (EWG). (FOX 9) (FOX 9) – A new report finds that extreme weather is costing taxpayers billions of dollars in crop insurance payments to farmers, according to the […]]]>

A new report finds that extreme weather is costing taxpayers billions of dollars in crop insurance payments to farmers, according to the nonprofit Environmental Working Group (EWG). (FOX 9)

A new report finds that extreme weather is costing taxpayers billions of dollars in crop insurance payments to farmers, according to the nonprofit Environmental Working Group (EWG).

Crop insurance is purchased by farmers and subsidized by the federal government to protect against natural disasters such as drought or flooding.

In an analysis of Department of Agriculture data, the EWG found that farmers had received more than $143.5 billion in compensation from 1995 to 2020 across the country.

EWG’s annual figures show payout amounts start at $1.5 billion in 1995 and peak at $17.4 billion in 2012. Payouts decline in subsequent years, but increase again to reach $10. .6 billion in 2019.

In Minnesota, payments also increased gradually throughout the 25-year analysis until 2014, when payments topped $1.3 billion. The amount fell to $91 million the following year, but rose again to $800 million in 2019.

The two counties in Minnesota with the highest compensation are Marshall ($359 million) and Polk ($302 million) in the Red River Valley.

In a press release, EWG Midwest Director Anne Schechinger said “climate change is already hitting” farmers at taxpayer expense.

“The numbers don’t lie,” she said. “Congress must reform the crop insurance program in the next farm bill, so that the program helps farmers prepare for and adapt to climate change.”

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National Loans explains how to get pre-approved for a loan https://flight93.org/national-loans-explains-how-to-get-pre-approved-for-a-loan/ Wed, 26 Jan 2022 08:05:59 +0000 https://flight93.org/national-loans-explains-how-to-get-pre-approved-for-a-loan/ MELBOURNE, AUSTRALIA, Jan. 26, 2022 /24-7PressRelease/ — According to National Loans, a leading finance broker offering all types of asset finance, including boat and caravan finance, pre-approval of A loan is when a lender agrees in principle to lend money before a purchase has been made. Pre-approved financing can speed up the process and potentially […]]]>

MELBOURNE, AUSTRALIA, Jan. 26, 2022 /24-7PressRelease/ — According to National Loans, a leading finance broker offering all types of asset finance, including boat and caravan finance, pre-approval of A loan is when a lender agrees in principle to lend money before a purchase has been made. Pre-approved financing can speed up the process and potentially save the buyer money.

As National Loans explains, pre-approval is conditional approval based on information provided to the lender. Unconditional approval is then provided once all documentation has been received by the lender and a final credit assessment has been completed.

During the pre-approval process, a lender will assess an individual’s financial situation and borrowing capacity before giving conditional approval with estimated terms such as interest rate and maximum amount that can be borrowed. According to National Loans, borrowers can then use this information to buy with confidence and negotiate the price of the asset with the dealer.

One of the biggest benefits of pre-approval, according to National Loans, is that it gives the borrower peace of mind and confidence when shopping because they know what their budget is. Being aware of their budget helps borrowers avoid hard selling tactics and also strengthens their negotiating position.

It should be noted that each time a borrower applies for pre-approval, a credit check is performed. If a borrower requests pre-approvals from multiple lenders, it may affect their credit rating. It’s important that borrowers work with an experienced loan broker, like National Loans, who will connect them with the right lender the first time, saving them time, money and potential impacts on their credit score. . Plus, a pre-approved loan is only valid for a limited time, so it pays to start shopping around early.

By providing loan pre-approval in just one hour, National Loans simplifies the funding process. For more information or to request pre-approval on asset finance, including boat loan or motorcycle finance, contact National Loans today.


Press release service and press release distribution provided by http://www.24-7pressrelease.com

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Covanta Announces Top Results of Tender Offer and Consent Solicitation for 6.000% Senior Notes Due 2027 https://flight93.org/covanta-announces-top-results-of-tender-offer-and-consent-solicitation-for-6-000-senior-notes-due-2027/ Wed, 19 Jan 2022 01:12:34 +0000 https://flight93.org/covanta-announces-top-results-of-tender-offer-and-consent-solicitation-for-6-000-senior-notes-due-2027/ MORRISTOWN, NJ, January 18, 2022 /PRNewswire/ — Covanta Holding Corporation (the “Company”) today announced the initial results of its previously announced cash tender offer (the “Offer”) for all of its $400 million aggregate principal amount of the outstanding 6.000% Senior Bonds due 2027 (the “Bonds”), and its contemporaneous Consent Solicitation (together with the Offer, the […]]]>

MORRISTOWN, NJ, January 18, 2022 /PRNewswire/ — Covanta Holding Corporation (the “Company”) today announced the initial results of its previously announced cash tender offer (the “Offer”) for all of its $400 million aggregate principal amount of the outstanding 6.000% Senior Bonds due 2027 (the “Bonds”), and its contemporaneous Consent Solicitation (together with the Offer, the “Offer and Consent Solicitation”) to amend the indenture governing the bonds to eliminate substantially all covenants and certain events of default and shorten the minimum notice period required for optional redemptions by the Company from 30 calendar days to 2 calendar days (the “Amendments”) , in each case, subject to the terms and conditions included in the Offer to Purchase and Consent Solicitation Statement, dated January 4, 2022 (the “offer to purchase”).

Covanta Logo (PRNewsFoto/Covanta)

As of the consent deadline, which was 5:00 p.m., New York City It’s time January 18, 2022 (the “Consent Deadline”), the aggregate principal amount of the Notes and related consents which have been validly offered and delivered and not validly withdrawn or revoked has been $316,341,000, representing 79.09% of the $400,000,000 total outstanding principal amount of the Notes.

Following obtaining the consent of holders whose principal amount of Notes outstanding exceeds the majority, the Company, the Subsidiary Guarantors and the Trustee enter into a supplemental indenture (the “Supplemental Indenture”) to the governing the Notes giving effect to the Amendments. The Supplemental Indenture will become effective upon execution by the parties and will be binding on all Noteholders, even those who have not consented by the Consent Deadline. The Supplemental Deed will become effective immediately upon and on the date the consent payment relating to the Consent Solicitation is paid, subject to the terms and conditions set forth in the Offer to Purchase.

The Offer and the Solicitation of Consent are subject to satisfaction or waiver of certain conditions described in the Offer to Purchase, including (i) receipt of at least $465 million gross proceeds of one or more senior bond offerings on terms reasonably acceptable to the Company and (ii) the satisfaction of certain terms and conditions of the Offering and the Consent Solicitation, in each case described further below. detail in the Offer to Purchase. If any of the conditions are not satisfied, the Company may terminate the Offer and Consent Solicitation and return the deposited Bonds, may waive the unsatisfied conditions and accept for payment and purchase all validly deposited Bonds, may extend the Offer and Consent Solicitation or may otherwise modify the Offer and Consent Solicitation.

Subject to the terms and conditions of the Offer and Consent Solicitation being satisfied or waived, holders who have validly tendered and not withdrawn the Bonds prior to the Consent Deadline will receive, if their Bonds are accepted at the purchase, the “Total Consideration” equal to $1,031.25 through $1,000 principal amount of the notes. In addition to the Full Consideration, holders will receive accrued and unpaid interest on the Notes from the last semi-annual interest payment preceding the Early Settlement Date up to but not including the Early Settlement Date. The early settlement date should be January 19, 2022.

The withdrawal deadline has passed. Consequently, the Securities validly offered and the consents issued can no longer be withdrawn or revoked.

The Company currently intends to redeem, as soon as practicable after the Early Settlement Date, all of the Notes remaining outstanding following the Offer and Consent Solicitation in accordance with the terms of the indenture governing the Notes, as amended by the Supplementary Deed. However, there is no requirement in the Trust Indenture or otherwise for the Company to redeem Notes, and unless redeemed, such Notes will continue to be outstanding.

The complete terms and conditions of the Offer and Consent Solicitation are set forth in the Offer to Purchase and Consent Solicitation which has been sent to Noteholders. Holders are urged to carefully read the Offer to Purchase and the Consent Solicitation.

The Company has engaged Credit Suisse Securities (United States) LLC to act as Sole Manager and Solicitation Agent for the Offer and Consent Solicitation. Persons with questions regarding the Offer and Consent Solicitation should contact Credit Suisse Securities (United States) LLC toll free at (800) 820-1653 or collect at (212) 325-7823. Requests for materials should be directed to DF King & Co., Inc., the Offer and Information Agent for the Offer and Consent Solicitation, at (212) 269-5550 (for banks and brokers) or at (866) 356-7814 (for Noteholders).

This press release is provided for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to purchase any of the Notes. The Offer and the Consent Solicitation are being made pursuant to the Tender Offer Materials, including the Offer to Purchase and the Consent Solicitation Statement which the Company has distributed to Noteholders. The Offer and the Consent Solicitation are not being made to Noteholders in any jurisdiction in which the making or acceptance thereof would not be in accordance with securities or other laws of such jurisdiction. Neither the Company, the Sole Dealer Manager and Solicitation Agent, the Offer and Information Agent nor their respective affiliates makes any recommendation as to whether or not Holders should deposit all or any part of their Notes in the context of the offer and the solicitation of consent.

Forward-looking statements

Statements in this release that state the company’s or management’s intentions, expectations or forecasts for the future are forward-looking statements. Specifically, the Company cannot assure you that the offering and solicitation of consent or the proposed offering of Senior Obligations described above will be completed on the terms currently contemplated, if at all. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. The Company disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Covanta

Covanta is a global leader in providing sustainable waste and energy solutions. Energy recovery from waste is a critical part of the waste disposal value chain, providing a much more sustainable alternative to landfilling waste for communities and businesses, with a significantly lower real estate footprint per tonne disposed compared to traditional landfills. The process ensures optimal use of waste by: reducing waste volumes that would otherwise go to landfill by 90%; eliminate nearly one tonne of greenhouse gas equivalent per tonne of municipal solid waste; generate sustainable and highly reliable power, capacity and steam for utility and industrial customers; and the recycling of metals found in municipal solid waste.

Each year, Covanta’s modern waste-to-energy facility safely converts approximately 21 million tons of municipal and business waste into clean, renewable electricity to power one million homes and recycle 600,000 tons of metal. Through an extensive network of processing and recycling facilities, Covanta also provides comprehensive industrial materials management services to companies seeking solutions to some of today’s most complex environmental challenges. For more information, visit www.covanta.com.

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SOURCECovanta Holding Corporation

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ZipRecruiter Announces $ 550 Million Increase and Pricing of Senior Notes Due 2030 | Nation / World https://flight93.org/ziprecruiter-announces-550-million-increase-and-pricing-of-senior-notes-due-2030-nation-world/ Fri, 07 Jan 2022 23:32:29 +0000 https://flight93.org/ziprecruiter-announces-550-million-increase-and-pricing-of-senior-notes-due-2030-nation-world/ SANTA MONICA, Calif .– (BUSINESS WIRE) – January 7, 2022– ZipRecruiter® (NYSE: ZIP) today announced that it is pricing a total principal amount of $ 550 million of its 5,000% senior bonds due 2030 (the “Bonds”) under its previously advertised private offer (the “Offer”). The total principal amount of the offering has been increased from […]]]>


SANTA MONICA, Calif .– (BUSINESS WIRE) – January 7, 2022–

ZipRecruiter® (NYSE: ZIP) today announced that it is pricing a total principal amount of $ 550 million of its 5,000% senior bonds due 2030 (the “Bonds”) under its previously advertised private offer (the “Offer”). The total principal amount of the offering has been increased from the previously announced offering size of $ 500 million due to market interest. The offer is expected to close on January 12, 2022, subject to the satisfaction of customary closing conditions.

Interest on the Notes will be payable in cash semi-annually in arrears, commencing July 15, 2022, at the rate of 5,000% per annum. The Notes will mature on January 15, 2030, unless redeemed or redeemed earlier. The Notes will be the general unsecured obligations of ZipRecruiter.

ZipRecruiter intends to use the net proceeds of the Offering for general corporate purposes, which may include capital expenditures, investments and working capital.

The Notes have only been offered and sold by way of a private offer memorandum to persons reasonably suspected of being Qualified Institutional Purchasers in accordance with Rule 144A promulgated under the Securities Act of 1933, as amended. (the “Securities Act”), and outside the United States to non-US persons in accordance with Regulation S of the Securities Act. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States. , except by virtue of an applicable exemption from these registration requirements. .

This announcement is not an offer to sell or a solicitation of an offer to buy the Tickets and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is illegal.

About ZipRecruiter

ZipRecruiter® is a leading online job marketplace that actively connects people to their next big opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the # 1 job search app on iOS and Android for the past four years and is ranked # 1 in the job market by G2.

Caution regarding forward-looking statements

This press release contains “forward-looking statements” including, but not limited to, statements relating to the completion of the Offer and the intended use of the proceeds from the Offer. Statements containing words such as “might”, “believe”, “expect”, “intend”, “want” or similar expressions constitute forward-looking statements. These forward-looking statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether ZipRecruiter completes the Offer, market conditions affecting the Offer, the intended use of the net proceeds of the Offer, which could change due to market conditions or for other reasons, and the impact of the conditions economic, industrial or general policy in the United States or internationally, including the impacts of the COVID-19 pandemic. The above list of risks and uncertainties is illustrative, but not exhaustive. For more information on other potential factors that could affect ZipRecruiter’s business and financial results, please see “Risk Factors” described in ZipRecruiter’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission (the “SEC”) and in other documents filed by ZipRecruiter with the SEC. Except as required by law, ZipRecruiter assumes no obligation and does not intend to update these forward-looking statements after the date of this release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220107005540/en/

CONTACT: Investors:

Alex wellins

The Blueshirt group, for ZipRecruiter

ir@ziprecruiter.com Corporate communications:

Shauna Wynne

Public Relations Manager, ZipRecruiter

press@ziprecruiter.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES HUMAN RESOURCES INTERNET FINANCE CONSULTING SMALL BUSINESS PROFESSIONAL SERVICES TECHNOLOGY

SOURCE: ZipRecruiter, Inc.

Copyright Business Wire 2022.

PUB: 07/01/2022 18:30 / DISC: 07/01/2022 18:32

http://www.businesswire.com/news/home/20220107005540/en

Copyright Business Wire 2022.


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CHORUS AVIATION ANNOUNCES THE PARTIAL REDEMPTION OF ITS SENIOR DEBENTURES 6.00% https://flight93.org/chorus-aviation-announces-the-partial-redemption-of-its-senior-debentures-6-00/ Fri, 31 Dec 2021 17:30:00 +0000 https://flight93.org/chorus-aviation-announces-the-partial-redemption-of-its-senior-debentures-6-00/ HALIFAX, NS, December 31, 2021 / CNW / – Chorus Aviation Inc. (“Chorus”) (TSX: CHR) announces today that it has acquired $ 85,000,000 principal amount (the “Redeemed Debentures”) of the 6% Chorus Senior Debentures due December 31, 2024 (the “6.00% Debentures”). Following this redemption, $ 115,000,000 total principal of 6.00% The debentures remain currently outstanding. […]]]>


HALIFAX, NS, December 31, 2021 / CNW / – Chorus Aviation Inc. (“Chorus”) (TSX: CHR) announces today that it has acquired $ 85,000,000 principal amount (the “Redeemed Debentures”) of the 6% Chorus Senior Debentures due December 31, 2024 (the “6.00% Debentures”). Following this redemption, $ 115,000,000 total principal of 6.00% The debentures remain currently outstanding.

The redeemed debentures were redeemed at par (being $ 1,000 for each $ 1,000 principal amount of redeemed debentures), plus accrued and unpaid interest up to the date of redemption, but excluding. The redemption was financed with the net proceeds of the 5.75% senior unsecured debentures due. June 30, 2027 (published by Chorus on September 27, 2021), as well as the available liquidity of Chorus.

The 6.00% Debentures are secured by certain Dash 8-100 and Dash 8-300 and real estate owned by subsidiaries of Chorus (the “Collateral”). The collateral will be released on the earliest of the following dates: (i) Fairfax Financial Holdings Limited, its subsidiaries or affiliates (collectively, “Fairfax”) ceasing to hold all of the issued and outstanding 6.00% Debentures and (ii) the redemption of all of the 6.00% Debentures.

In connection with the issuance of the 6.00% debentures, Chorus issued 24,242,424.242 warrants to Fairfax allowing their holder to acquire, upon exercise of each warrant and subject to certain adjustments, one class A variable voting share or one class B voting share of Chorus at a price of $ 8.25 per share (the “warrants”). Warrants may be exercised until the first of the following two events: (i) the business day immediately preceding the maturity date of the 6.00% Debentures and (ii) the date on which all 6.00% Debentures, 00% have been redeemed.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information is identified by the use of terms and expressions such as “anticipate”, “believe”, “might”, “estimate”, “expect”, “intend”, “might” , “plan”, “predict”, “potential”, “project”, “will”, “would” and similar terms and expressions, including references to hypotheses. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed in forward-looking information. Examples of statements containing forward-looking information in this press release include the early redemption of the 6.00% Debentures. The results shown in the forward-looking information may differ materially from actual results for a number of reasons, including the risk factors described in Chorus’ most recent annual information form and in the Management’s Discussion and Analysis of Operating Results and Financial Condition. . Statements containing forward-looking information in this press release are made as of the date of this press release and Chorus assumes no obligation to publicly update such statements to reflect new information, subsequent events or otherwise, except as required. by applicable securities laws.

About Chorus Aviation Inc.

Chorus is a global provider of integrated regional aviation solutions. Chorus’s vision is to provide regional aviation to the world. Based at Halifax, Nova Scotia, Chorus is comprised of Chorus Aviation Capital, one of the world’s leading regional aircraft lessors, and Jazz Aviation and Voyageur Aviation – companies with a long history of safe operation with excellent customer service. Chorus provides a full range of regional aviation support services that encompass all stages of the aircraft life cycle, including the acquisition and leasing of aircraft; refurbishment, engineering, modification, reassignment and preparation of aircraft; flight contract; maintenance, disassembly and procurement of aircraft parts and components.

The Class A Variable Voting Shares and Class B Voting Shares of Chorus trade on the Toronto Stock Exchange under the symbol “CHR”. 6.00% Chorus Debentures, 5.75% Senior Unsecured Debentures Due December 31, 20246.00% senior unsecured convertible debentures due June 30, 2026, and 5.75% of senior unsecured debentures due June 30, 2027 trade on the Toronto Stock Exchange under the symbols “CHR.DB”, “CHR.DB.A”, “CHR.DB.B” and “CHR.DB.C”, respectively. www.chorusaviation.com

SOURCE Chorus Aviation Inc.

For more information: Chorus media contact: [email protected]; Contact of the choir analyst: [email protected]


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Velocity Financial, Inc. acquires majority stake in Century Health & Housing Capital https://flight93.org/velocity-financial-inc-acquires-majority-stake-in-century-health-housing-capital/ Tue, 28 Dec 2021 21:15:00 +0000 https://flight93.org/velocity-financial-inc-acquires-majority-stake-in-century-health-housing-capital/ WESTLAKE VILLAGE, CA – (COMMERCIAL THREAD) – Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small-value investor loans, today announced that it has acquired a controlling interest in Century Health & Housing Capital (“Century”). Founded in 1992, Century is a licensed “Ginnie Mae” issuer / service agent that provides Federal […]]]>


WESTLAKE VILLAGE, CA – (COMMERCIAL THREAD) – Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small-value investor loans, today announced that it has acquired a controlling interest in Century Health & Housing Capital (“Century”).

Founded in 1992, Century is a licensed “Ginnie Mae” issuer / service agent that provides Federal Housing Administration (FHA) insured mortgage financing for multi-family dwellings, senior housing and long-term care facilities. assisted living. Century issues loans through its direct borrower origination channel and manages loans through its in-house service platform, which enables the formation of long-term relationships with its clients and promotes strong portfolio retention. Century issued $ 158 million of outstanding principal balance (UPB) of loans for the 11 months ended November 30, 2021 and manages a portfolio of services of more than $ 500 million in UPB.

Highlights of the transaction:

  • Expands Growth Opportunities Through New Products for Velocity’s Broker Network

  • Small-Cap, Fee-Based Business Diversifies Revenue and Improves Return on Equity

  • Immediate profitability of EPS and ROE with minimal impact on book value

  • Stable and sustainable MSR income thanks to long-term loan characteristics

  • Substantial organic growth opportunity by leveraging Velocity’s national origination footprint

  • Century’s focus on government-insured products acts as a natural hedge through market cycles

  • Longer-term opportunity to further expand the product line

The Century acquisition expands Velocity’s commercial mortgage product offering through growth into a new channel and the ability to offer new products to Velocity’s broker network. The addition of Century is expected to have an immediate impact on Velocity’s earnings with minimal impact on tangible book value. The transaction also diversifies Velocity’s revenue with fee-based origination and service revenue that generates strong returns on capital and is sustainable through market cycles, in addition to providing the opportunity for Century to leverage leveraged Velocity’s technology platform to expand their northeast-focused origination footprint. .

“The entire Century team is thrilled to join the Velocity family and we look forward to seizing the opportunities this transaction offers to both companies,” said Kyle Perry, CEO of Century. “Velocity’s national presence and operational capabilities will significantly increase our ability to grow customer relationships and origination volume. ”

“We are very excited to partner with a proven leader from Kyle and accelerate the growth of the Century platform in this important credit segment. We believe long-term demographic trends will be positive winds for the healthcare lending industry in particular, ”said Chris Farrar, President and CEO. “The ability to offer government insured products to our brokers will drive the growth of incremental origination and further expand our product menu in the future. ”

About Velocity Financial, Inc.

Headquartered in Westlake Village, Calif., Velocity Financial, Inc. (NYSE: VEL) is a vertically integrated real estate finance company that creates and manages loans to investors secured by 1-4 unit residential rental units and small commercial properties. . Velocity provides loans nationwide through an extensive network of independent mortgage brokers that it has built and refined over the past 17 years.

About the century

Founded in 1992, Century provides government-insured mortgage financing to the multi-family housing industry, senior residences and long-term care facilities and hospitals. Century is a Federal Housing Administration (“FHA”) approved mortgagee and Governmental National Mortgage Association (“Ginnie Mae”) issuer / service including approvals for the Multi-Family Expedited Processing (MAP) programs. FHA and LEAN healthcare lender. Century also acts as a financial advisor for non-FHA insured transactions and will help organize Bridge-to-HUD financing. Century is a relationship-oriented lender that not only creates, processes, underwrites and finances its own loans, but also manages its loans during the construction and permanent loan phases, allowing it to build long-term relationships with its clients. clients. Century’s mission is to provide its clients with personalized, responsive and professional service while focusing on their immediate financing needs and long-term goals.

Forward-looking statements

Some of the statements contained in this press release may constitute forward-looking statements within the meaning of federal securities laws. Forward-looking statements relate to anticipated results, including the anticipated results of our majority acquisition of Century, expectations, projections, plans and strategies, anticipated events or trends and similar expressions relating to matters which are not facts. historical. In some cases, you can identify forward-looking statements by using forward-looking terminology such as “may”, “will”, “expects”, “intends”, “plans”, “anticipates”, “believes”, “” Estimates “,” predicted “,” target “or” potential “or the negative of such words and expressions or similar words or expressions which are predictions or indicate future events or trends and which do not relate solely to historical questions. You can also identify forward-looking statements by discussing strategy, plans or intentions.

The forward-looking statements contained in this press release reflect our current views on future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ materially from those expressed or contemplated in any forward-looking statement. Although forward-looking statements reflect our projections, assumptions and good faith expectations, they are not guarantees of future results. Further, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except if required by applicable law. Factors that could cause our results to differ materially include, but are not limited to, (1) our ability to successfully integrate Century into our existing businesses and achieve expected synergies, (2) the continuing course and severity of the COVID-19 pandemic and its direct and indirect impacts, (3) general economic and real estate market conditions, (4) regulatory and / or legislative changes, (5) our clients’ continued interest in loans and doing business with us, (6) market conditions and investors’ interest in our securitizations and (7) changes in federal fiscal and monetary policies.

Additional information relating to these and other factors that could cause future results to differ materially from those expressed or contemplated in forward-looking statements can be found in the section entitled “Risk Factors” in our Form 10-Q filed with the SEC on May 14, 2020, along with other caveats we make in our current and periodic filings with the SEC. These documents are publicly available on our Investor Relations webpage at www.velfinance.com.


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