
NatWest Plans SRT Tied to Almost £1 Billion of Leverage Loans
The size of the reference portfolio is almost £1 billion ($1.3 billion), said the people, who asked not to be identified because the potential transaction is private. The size of the SRT is around £90 million, they added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 days ago
- Yahoo
Sensus Healthcare Inc (SRTS) Q2 2025 Earnings Call Highlights: Navigating Challenges and ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Sensus Healthcare Inc (NASDAQ:SRTS) reported a 27% increase in FDA treatment volume over Q1, indicating improved efficiency and growing patient awareness of SRT as a preferred treatment option. The company broadened its US commercial footprint by appointing Radiation Oncology Systems as its primary distribution partner for the hospital-based oncology segment, which is expected to accelerate growth. Sensus Healthcare Inc (NASDAQ:SRTS) achieved MDSAP certification, providing immediate access to markets in Brazil, Canada, Japan, and Australia, enhancing international growth prospects. The company delivered 19 SRT systems in Q2, including 4 to China, reflecting growing international demand for non-invasive therapeutic solutions. Sensus Healthcare Inc (NASDAQ:SRTS) is optimistic about the potential increase in reimbursement through a new SRT delivery code, which could significantly enhance its US commercial strategy. Negative Points Revenues for Q2 2025 were $7.3 million, down from $9.2 million in Q2 2024, primarily due to fewer capital system sales to a large customer. Gross profit decreased to $2.9 million in Q2 2025 from $5.4 million in the prior year, with gross margin dropping to 39.7% from 58.7%, driven by lower sales and higher service costs. The company reported a net loss of $1 million for Q2 2025, compared to a net income of $1.6 million in Q2 2024, reflecting higher operating expenses and lower revenue. A proposed local coverage determination (LCD) by Medicare could limit reimbursement for ultrasound use with SRT 100 vision systems, causing a temporary stall in domestic sales momentum. General and administrative expenses increased to $2 million in Q2 2025 from $1.6 million in Q2 2024, due to higher professional fees and compensation. Q & A Highlights Warning! GuruFocus has detected 3 Warning Sign with SRTS. Q: On the proposed CMS reimbursement under the physician fee schedule for next year, it seems the radiation delivery code tripled while the imaging code associated with SRT came down. Is there a connection with the LCD and how CMS sees utilization under the new codes? A: (Michael Sardano, President and General Counsel) The LCD and the proposed physician fee schedule are separate. The LCD targeted ultrasound usage, flagged for overutilization. We believe it won't take effect due to lobbying efforts. The proposed fee schedule is favorable, potentially increasing the delivery code for SRT by over 300%, which we've advocated for since the company's inception. Q: Did the LCD impact interest on the FDA side or treatment volumes? A: (Michael Sardano, President and General Counsel) Yes, there was a pause due to uncertainty. However, the opposition to ultrasound usage lacks evidence, while we have studies showing its benefits. We believe SRT and ultrasound will remain integral to our offerings. Q: Is the company still on track to reach 1,000 capital sales from the current 900? A: (Joe Sardano, CEO) We expect to accelerate installations once the reimbursement situation is clarified. The proposed CMS changes could enhance technology adoption and reimbursement, supporting our growth trajectory. Q: Has a large customer paused purchases due to reimbursement issues, and will they resume once clarified? A: (Joe Sardano, CEO) Yes, customers pause when there's uncertainty. However, they remain committed to IGSRT, and we anticipate a rapid resumption of purchases once clarity is achieved. Q: Can international sales, like those to China, offset potential domestic sales impacts? A: (Joe Sardano, CEO) Yes, the MDSAP certification allows us to sell all SRT products in more countries, including China, Japan, and Brazil. We expect continued orders from China and new opportunities in other regions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Yahoo
Sensus Healthcare Inc (SRTS) Q2 2025 Earnings Call Highlights: Navigating Challenges and ...
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Sensus Healthcare Inc (NASDAQ:SRTS) reported a 27% increase in FDA treatment volume over Q1, indicating improved efficiency and growing patient awareness of SRT as a preferred treatment option. The company broadened its US commercial footprint by appointing Radiation Oncology Systems as its primary distribution partner for the hospital-based oncology segment, which is expected to accelerate growth. Sensus Healthcare Inc (NASDAQ:SRTS) achieved MDSAP certification, providing immediate access to markets in Brazil, Canada, Japan, and Australia, enhancing international growth prospects. The company delivered 19 SRT systems in Q2, including 4 to China, reflecting growing international demand for non-invasive therapeutic solutions. Sensus Healthcare Inc (NASDAQ:SRTS) is optimistic about the potential increase in reimbursement through a new SRT delivery code, which could significantly enhance its US commercial strategy. Negative Points Revenues for Q2 2025 were $7.3 million, down from $9.2 million in Q2 2024, primarily due to fewer capital system sales to a large customer. Gross profit decreased to $2.9 million in Q2 2025 from $5.4 million in the prior year, with gross margin dropping to 39.7% from 58.7%, driven by lower sales and higher service costs. The company reported a net loss of $1 million for Q2 2025, compared to a net income of $1.6 million in Q2 2024, reflecting higher operating expenses and lower revenue. A proposed local coverage determination (LCD) by Medicare could limit reimbursement for ultrasound use with SRT 100 vision systems, causing a temporary stall in domestic sales momentum. General and administrative expenses increased to $2 million in Q2 2025 from $1.6 million in Q2 2024, due to higher professional fees and compensation. Q & A Highlights Warning! GuruFocus has detected 3 Warning Sign with SRTS. Q: On the proposed CMS reimbursement under the physician fee schedule for next year, it seems the radiation delivery code tripled while the imaging code associated with SRT came down. Is there a connection with the LCD and how CMS sees utilization under the new codes? A: (Michael Sardano, President and General Counsel) The LCD and the proposed physician fee schedule are separate. The LCD targeted ultrasound usage, flagged for overutilization. We believe it won't take effect due to lobbying efforts. The proposed fee schedule is favorable, potentially increasing the delivery code for SRT by over 300%, which we've advocated for since the company's inception. Q: Did the LCD impact interest on the FDA side or treatment volumes? A: (Michael Sardano, President and General Counsel) Yes, there was a pause due to uncertainty. However, the opposition to ultrasound usage lacks evidence, while we have studies showing its benefits. We believe SRT and ultrasound will remain integral to our offerings. Q: Is the company still on track to reach 1,000 capital sales from the current 900? A: (Joe Sardano, CEO) We expect to accelerate installations once the reimbursement situation is clarified. The proposed CMS changes could enhance technology adoption and reimbursement, supporting our growth trajectory. Q: Has a large customer paused purchases due to reimbursement issues, and will they resume once clarified? A: (Joe Sardano, CEO) Yes, customers pause when there's uncertainty. However, they remain committed to IGSRT, and we anticipate a rapid resumption of purchases once clarity is achieved. Q: Can international sales, like those to China, offset potential domestic sales impacts? A: (Joe Sardano, CEO) Yes, the MDSAP certification allows us to sell all SRT products in more countries, including China, Japan, and Brazil. We expect continued orders from China and new opportunities in other regions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Yahoo
The Dodge Durango Hellcat Escapes Death Row with a New Jailbreak Edition for 2026
When we were first introduced to the Dodge Durango SRT Hellcat, the supercharged SUV was only intended to be a one-year exclusive for model year 2021. Much to the chagrin of those early buyers, Dodge still isn't quite ready to let go of that glorious supercharged 6.2-liter V-8 powertrain. Like the defunct Charger and Challenger models before it, the hellacious Durango is busting out of the traditional spec sheet by way of the all-new 2026 Dodge Durango SRT Hellcat Jailbreak. For those who are unfamiliar, the Dodge Jailbreak program dramatically expands the customization options on offer. The automaker generally waits towards the end of a vehicle's production run to initiate this program, as it requires a skilled and experienced crew on the assembly line to cope with the added complexity. (Considering they've been building this generation of Durango since December 2010, the assembly plant should be more than ready for the extra work.) According to the automaker, customers will have the opportunity to create more than six million different unique builds with the selections on offer. These include highlights like six different wheel options, six exterior hues to choose from (including the handsome Green Machine), five exterior stripe packages, five interior seat colors, three seat configurations, and six hues for exterior badging. There are even four different seat belt colors to choose from, as well as four different finishes for the Brembo brake calipers. For those that need a bit more flexibility, Dodge is also reviving its special paint program from the Challenger Demon models. This will allow for some unique builds beyond the standard order sheet. There's also a suite of individual options that customers can add to the package, including an Alcantara steering wheel, SRT exhaust tips finished in black, a suede headliner, the trailer tow package, and a power sunroof. 'The Dodge Durango is a family-friendly, three-row muscle SUV with the unique ability to seat up to seven and best-in-class towing at every trim level, and that combination continues to resonate, with Durango sales jumping 51% in Q2 over Q1 of this year,' said Matt McAlear, Dodge CEO. 'The Durango SRT Hellcat Jailbreak gives customers the opportunity to make their muscle SUV unique, unlocking color combination ordering restrictions, from exterior colors, to stripes, badges, wheels and brake calipers, to a wide variety of interior options. We can't wait to see what our buyers dream up on the road.' Dodge has yet to release pricing information for the Durango SRT Hellcat Jailbreak, but order books are slated to open on August 13. The automaker says that deliveries of the 710-hp SUVs are slated to begin during the fourth quarter of this year. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car