Lastest from Businesswire

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 62 classes of mortgage-backed notes from PMT Loan Trust 2025-J1 (PMTLT 2025-J1), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-J1 comprises 271 residential mortgages with an aggregate principal balance of $339.1 million as of the June 1, 2025 cut-off date. The underlying collateral consists entirely of 30-year fixed-rate m

CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY) announced today the closing of the previously announced public offering (the “Secondary Offering”) of a total of 4,282,210 shares of the Company’s common stock (the “Offered Shares”) by the Estate of Daniel L. Goodwin (the “Estate”) and Equity Shares Investors, LLC, an affiliate of the Estate, as selling stockholders of the Company (the “Selling Stockholders”), at a public offering price of $24.75 per share. T

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Financial Issuance Trust 2025-1 (“OMFIT 2025-1”), a consumer loan ABS transaction. OMFIT 2025-1 will issue four classes of notes totaling $600.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 35.25% for the Class A notes to 11.45% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (excep

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB to Fidelity Private Credit Fund's ("FPCF" or "the company") $105 million, 6.15% senior unsecured notes due 2028 and its $105 million, 6.50% senior unsecured notes due 2030. The rating Outlook is Stable. Key Credit Considerations The ratings and Stable Outlook are supported by FPCF's ties to Fidelity Diversifying Solutions LLC, the company's registered investment adviser ("Adviser") and an affiliate of FMR LLC ("Fidelity" or "FMR"). Fidelit

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of UK Abrasives, Inc. to GNPGraystar, a subsidiary of SurfacePrep. The acquisition closed May 9, 2025. Based in Northbrook, Illinois, UK Abrasives, Inc. is an advanced materials engineering company specializing in the manufacture and global distribution of electro-furnace-produced Boron Carbide (B4C) powders, Synthetic Diamond powders, Boro

WILMINGTON, Del.--(BUSINESS WIRE)---- $CC--Chemours Appoints Matthew Conti as Chief Human Resources Officer

NASHVILLE, Tenn. & ANNISTON, Ala.--(BUSINESS WIRE)---- $FBK--FB Financial Corporation (“FB Financial”) (NYSE: FBK), the parent company of FirstBank, and Southern States Bancshares, Inc. (“Southern States”) (Nasdaq: SSBK), the parent company of Southern States Bank, jointly announced today that they have received all regulatory approvals needed to complete the proposed merger of Southern States with and into FB Financial. “We’re pleased to have received swift regulatory approval for the merger between FB

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of GeneDx Holdings Corp. (NASDAQ: WGS) resulting from allegations that GeneDx may have issued materially misleading business information to the investing public. So What: If you purchased GeneDx securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA, a global full-service credit rating agency, is pleased to announce a key milestone in its continuing international expansion: the opening of a new office in Tokyo, Japan. As the company’s first outpost in the Asia-Pacific region, KBRA’s new base in Tokyo reflects the firm’s exponential growth over the last few years as a global thought leader, innovator, and first mover in the ratings of private credit and fund finance instruments. This, in turn, has led KBRA to

MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared second quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board has authorized the declaration of a second quarter 2025 regular common stock dividend of $0.18 per share, unchanged from the first quarter of 2025. This marks the Company'

SAN DIEGO--(BUSINESS WIRE)--Teradata announced the appointment of Scot Rogers as Chief Administrative Officer.

MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE: ESI) announced today that Benjamin Gliklich, Chief Executive Officer, will participate in a fireside chat and Q&A session at the Wolfe Research 2nd Annual Materials of the Future Conference in New York, NY on Tuesday, June 17, 2025 at 12:55 p.m EST. A live audio webcast of the discussion and replay will be made available in the Investors section of www.elementsolutionsinc.com. About Element Solutions Inc Element Solutions Inc is a leading

ALL-REMOTE COMPANY/WILMINGTON, Del.--(BUSINESS WIRE)--Phreesia announces that Kristin Roberts has been named in Becker’s Hospital Review’s 2025 list of the 100 Women in Health IT to Know.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has upsized and renewed its existing $400.0 million credit facility with MUFG Bank, Ltd. (“MUFG”) with an upsized credit facility under which Goldman Sachs Bank USA, A

MIAMI--(BUSINESS WIRE)--Odyssey Aviation North America today announced its rebranding to Velocity FBO Network (“Velocity”), reflecting the company’s evolution to unify its North America operations and accelerate expansion under the new ownership of Tallvine Partners (“Tallvine”). This rebranding solidifies Velocity’s commitment to operational and service excellence as an independent fixed base operator (“FBO”) network in North America and supports a robust pipeline of FBO acquisitions. Nearly s

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Vestis Corporation (“Vestis” or the “Company”) (NYSE: VSTS) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON VESTIS CORPORATION (VSTS), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On May 7, 20

SAN FRANCISCO--(BUSINESS WIRE)--Cardless, a leading fintech innovator known for its transformative credit card technology, today announced the launch of its embedded credit card platform, a breakthrough solution designed to help brands build their own credit card programs. Coinbase (Nasdaq: COIN), the largest U.S.-based cryptocurrency platform, is the inaugural partner utilizing this infrastructure to build the Coinbase One Card, a premium consumer credit offering for Coinbase loyalty members i

IRVINGTON, N.Y.--(BUSINESS WIRE)--X-Caliber Rural Capital affiliate increases its funding for Fervo Energy's Cape Station Phase I to $146MM.

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management US today announced that Mellany Bagtas has joined the firm as a Financial Advisor in New York City. She will be based out of the firm’s 299 Park Avenue office and will report to Associate Market Executive Demie Kommatas. “We are excited to welcome Mellany to UBS,” said Kellie Brady, Manhattan Market Executive at UBS. “Her dedication and perspective will be a great addition to our team. I am confident that she will be able to leverage the full sui

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Sable Offshore Corp. (“Sable” or the “Company”) (NYSE: SOC) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON SABLE OFFSHORE CORP. (SOC), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On May 19,