Search Results for: secured overnight financing rate

MUFG Union Bank, N.A. Closes $1 Billion Bank Note Offering, Breaking New Ground with $300 Million Bank Note Benchmarked to Secured Overnight Financing Rate (SOFR)
Banking News

MUFG Union Bank, N.A. Closes $1 Billion Bank Note Offering, Breaking New Ground with $300 Million Bank Note Benchmarked to Secured Overnight Financing Rate (SOFR)

Fintech News Desk
by Fintech News Desk0
Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, announced that MUFG Union Bank, N.A., the primary banking subsidiary of MUFG Americas Holdings Corporation, has closed a $1 billion bank note offering. The two-tranche transaction is structured as a $700 million fixed rate bank note with a coupon......
Centerra Gold Announces Extension of Corporate Credit Facility
Fintech News

Centerra Gold Announces Extension of Corporate Credit Facility

GlobeNewswire
by GlobeNewswire0
Centerra Gold announced that it has extended its US$400 million revolving credit facility (the “Credit Facility”) with a renewed term of four years, now maturing on September 8, 2027. The Credit Facility is led by The Bank of Nova Scotia and National Bank Financial Markets and is supported by a......
CBiBank Successfully Implements TERM SOFR's New Benchmark Interest Rate for USD Loans
Finance News

CBiBank Successfully Implements TERM SOFR’s New Benchmark Interest Rate for USD Loans

Fintech News Desk
by Fintech News Desk0
Alternative Reference Rates Committee (ARRC), a financial industry group convened by the Federal Reserve and the New York Fed, recommended the use of the Secured Overnight Funding Rate (SOFR) instead of U.S. dollar LIBOR, and SOFR-based financial products began trading in financial markets in the second half of 2018. Since......
Franco-Nevada Announces $352.5 Million Financing Package with G Mining Ventures on the Tocantinzinho Gold Project
Finance News

Franco-Nevada Announces $352.5 Million Financing Package with G Mining Ventures on the Tocantinzinho Gold Project

Fintech News Desk
by Fintech News Desk0
Franco-Nevada Corporation is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation (“FNB“), has acquired a gold stream with reference to production from the Tocantinzinho project located in Pará State, Brazil for $250 million (the “Stream“). Additionally, Franco-Nevada, through one of its wholly-owned subsidiaries, has agreed to provide G Mining Ventures Corp. (“G......
NexBank Capital, Inc. Completes Private Placement of $150 Million of 4.00% Fixed-to-Floating Rate Subordinated Notes
Banking Fintech News

NexBank Capital, Inc. Completes Private Placement of $150 Million of 4.00% Fixed-to-Floating Rate Subordinated Notes

Fintech News Desk
by Fintech News Desk0
NexBank Capital, Inc., a Dallas-based financial services company and holding company of NexBank, announced the successful completion of a private placement of $150 million in aggregate principal amount of 4.00% fixed-to-floating rate subordinated notes due 2031 (the “Notes”) to certain qualified institutional buyers and accredited investors. The Company intends to use the......
Xignite Enhances Popular Interbanks and Rates APIs In Preparation for LIBOR Rates Transition Adds Four Alternative Risk Free Rates (RFRs)
Fintech Investments News

Xignite Enhances Popular Interbanks and Rates APIs In Preparation for LIBOR Rates Transition Adds Four Alternative Risk Free Rates (RFRs)

Fintech News Desk
by Fintech News Desk0
Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced it has enhanced the data coverage for its’ interbanks and interest rates APIs in preparation for the required transition from the London Interbank Offered Rate (LIBOR) benchmark interest rate at the end of 2021. Used in......
Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore
Fintech Investments News

Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

Business Wire
by Business Wire0
iPipeline designed OneView to simplify the application process across multiple insurance carriers. Li-Cycle Holdings Corp., a leading global lithium-ion battery resource recovery company, today provided a business update “Since embarking on our comprehensive review, we are pleased to report significant progress, including improving our current liquidity position and conducting an......
CoreCivic Enters Into Amendment and Extension of Bank Credit Facility
Banking News

CoreCivic Enters Into Amendment and Extension of Bank Credit Facility

PR Newswire
by PR Newswire0
CoreCivic, (“CoreCivic”) announced it entered into a Fourth Amended and Restated Credit Agreement dated October 11, 2023, by and among CoreCivic, as Borrower, certain lenders party thereto from time to time, and the administrative agent for the lenders, or the New Bank Credit Facility. The New Bank Credit Facility effectively......
Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program
Finance News

Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program

Fintech News Desk
by Fintech News Desk0
Share repurchase program expands capital allocation optionality and is expected to be funded through existing cash and future free cash flow Sterling Check Corp. announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. These distinct yet complementary strategic initiatives......
Financial Sciences Announces Enhanced Cost Accounting and SOFR Compounding in ATOM
debt collection News Risk Management

Financial Sciences Announces Enhanced Cost Accounting and SOFR Compounding in ATOM

Fintech News Desk
by Fintech News Desk0
Delivers instant visibility and high automation for funding programs in a single comprehensive platform Financial Sciences Corporation, a provider of advanced treasury, risk management, and corporate governance software solutions, announced the addition of comprehensive cost accounting and SOFR compounding features to its ATOM integrated debt and credit management platform. This......
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