Lastest from Businesswire
KKR Prices $900,000,000 of 5.100% Senior Notes due 2035
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced its previously announced offering of $900,000,000 aggregate principal amount of its 5.100% Senior Notes due 2035 (the “notes”). The notes will be senior obligations of KKR and will be fully and unconditionally guaranteed by KKR Group Partnership L.P. The offering is expected to close on August 7, 2025, subject to customary closing conditions. KKR intends to use the net proceeds from the sale of
Millrose Properties, Inc. Announces Pricing of Upsized $1.25 Billion Senior Notes Offering
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP) (“Millrose” or the “Company”) announced today the pricing of its private offering (the “Offering”) of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the “Notes”), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from August 7, 2025. The Offering is expected to close on August 7,
Epicor Helps Distributors in Australia and New Zealand Turn Insights into Action with Epicor Prophet 21 Cloud ERP
SYDNEY--(BUSINESS WIRE)--Epicor today continued its global portfolio expansion with the upcoming release of Epicor Prophet 21 for distributors in Australia and New Zealand.
J.B. Poindexter & Co., Inc. Announces Closing of $250 Million Private Senior Unsecured Notes Offering
HOUSTON--(BUSINESS WIRE)--J.B. Poindexter & Co., Inc. (the “Company”), a privately-held company, today announced that it has closed its private offering of $250 million aggregate principal amount of senior unsecured notes due 2031 (the “New 2031 Notes”). The New 2031 Notes were priced at 100.500% of the principal amount plus accrued interest from June 15, 2025 to the closing date and will bear interest at 8.750% per annum. The New 2031 Notes form a single series with, and have the same term
Paycom Announces Quarterly Cash Dividend
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on Sept. 8, 2025, to all stockholders of record as of the close of business on Aug. 25, 2025. About Paycom Paycom Software, Inc. (NYSE: PAYC) simplifies business and employees’ lives through automated, com
Moody’s Wildfire Risk Model Successfully Completes California Department of Insurance Review Process
NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) announced today that the Moody’s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance (CDI). This critical milestone will enable insurers to use the forward-looking catastrophe model in their residential rate filings, supporting California’s Sustainable Insurance Strategy aimed at stabilizing the state’s property insurance market. The Moody’s wildfire risk model
KBRA Assigns Preliminary Ratings to A&D Mortgage Trust 2025-NQM3 (ADMT 2025-NQM3)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 7 classes of mortgage pass-through certificates from ADMT 2025-NQM3, a $445.5 million non-prime RMBS transaction. The underlying collateral, comprising 1,285 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. Borrowers in the subject pool possess a non-zero WA original credit score of 747 and exhibit notable equity in each mortgaged property, with a WA
New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2025
NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain,” “New Mountain Finance” or the “Company”) today announced its financial results for the quarter ended June 30, 2025. Second Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.21 per share compared to $12.45 per share as of March 31, 2025 ~95% of the portfolio is rated green on our internal heatmap Increased senior oriented asse
The Bancorp, Inc. and The Bancorp Bank, N.A. Receive Upgraded Ratings from KBRA
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (NASDAQ: TBBK) today announced that Kroll Bond Rating Agency, LLC (“KBRA”) has upgraded multiple long- and short-term credit ratings for both The Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, The Bancorp Bank, N.A. (the “Bank”) (collectively “The Bancorp”). For the Company, KBRA upgraded the senior unsecured debt rating to BBB+ from BBB, the subordinated debt rating to BBB from BBB-, and the short-term debt rating to K2 from
$90K Grant from FHLB Dallas and Arvest Bank to Fund Affordable Duplexes
FORT SMITH, Ark.--(BUSINESS WIRE)-- #affordablehousing--Federal Home Loan Bank of Dallas (FHLB Dallas) provided a $90,000 Affordable Housing Program (AHP) grant through Arvest Bank to Community Rescue Mission to assist with the construction of six affordable duplexes, which were celebrated with a groundbreaking ceremony today. Community Rescue Mission is a nonprofit, faith-based organization that provides shelter, meals and transitional living quarters to help people without housing in Fort Smith, Arkansas. The Mil
Finance of America Announces Repurchase of Blackstone Equity Stake and Repayment of Working Capital Facility
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it has fully paid off its outstanding working capital facility and entered into a definitive agreement to repurchase the entirety of Blackstone’s equity stake in the Company. In addition, Finance of America announced a new convertible debt facility with multiple long-term su
Bakkt Schedules Conference Call to Discuss Second Quarter 2025 Results
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that it will release its second quarter 2025 results on Monday, August 11, 2025, after market close. Management will host a conference call at 5:00 PM ET on the same day to review the results. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to join at https://events.q4inc.com/attendee/400104648 or dial in at (833) 470-1428 o
Citizens Financial Group, Inc. Declares Dividends on Preferred Stock
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on October 6, 2025, to preferred shareholders of record at the close of business on September 19, 2025: a quarterly cash dividend of $19.06760917 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $19.45688694 per
Semrush Announces Second Quarter 2025 Financial Results
BOSTON--(BUSINESS WIRE)--Semrush announces second quarter (Q2) 2025 financial results.
Trinity Place Holdings Inc. Reports Second Quarter Financial Results
NEW YORK--(BUSINESS WIRE)--Trinity Place Holdings Inc. (OTC PINK: TPHS) (the "Company," "we," "our," or "us") today announced operating results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Results Revenue for the second quarter of 2025 was $0.0 million, a decrease of 100%, as compared to revenue of $0.4 million in the same period of the prior year. Net loss was $0.5 million, or $(0.01) per share, for the second quarter of 2025, as compared to net loss of $1.7 millio
Corebridge Financial Announces Second Quarter 2025 Results
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the second quarter ended June 30, 2025. Kevin Hogan, President and Chief Executive Officer, said, “Corebridge delivered another quarter with very strong financial results and remains focused on driving shareholder value, as demonstrated by our variable annuity reinsurance transaction that further positions our company for the future. “Year over year, adjusted pr
LTC Reports 2025 Second Quarter Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $LTC #LTC--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced operating results for the second quarter ended June 30, 2025. Three Months Ended June 30, (unaudited, amounts in thousands, except per share data) 2025 2024 Total revenues $ 60,240 $ 50,116 Net income available to common stockholders $ 14,938 $ 1
Universal Display Corporation Announces Participation at Upcoming Conferences
EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--UDC announced participation at the upcoming Oppenheimer and Citi investor conferences, as well as the K-Display and IMID industry conferences.
Equity Residential Reports Second Quarter 2025 Results
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today reported results for the quarter and six months ended June 30, 2025. Second Quarter 2025 Results All per share results are reported as available to common shares/units on a diluted basis. Quarter Ended June 30, 2025 2024 $ Change % Change Earnings Per Share (EPS) $ 0.50 $ 0.47 $ 0.03 6.4 % Funds from Operations (FFO) per share $ 0.98 $ 0.94
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0380 per share of common stock, payable on September 2, 2025 to shareholders of record at the close of business on August 18, 2025. The ex-dividend date is August 18, 2025. The previous distribution announced in July was $0.0380 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its proj