Latest news with #N.A.
Yahoo
6 days ago
- Business
- Yahoo
NORDAM Completes Comprehensive Debt Refinancing
TULSA, Okla., June 06, 2025--(BUSINESS WIRE)--The NORDAM Group LLC ("NORDAM" or the "Company") announced it repaid the remaining outstanding principal amount of its Term Loan B issued on 9 April 2019. The instrument was refinanced by the issuance of a new $225mm private credit term loan, due 2031. The new term loan was provided by a group of lenders led by Crestline Investors, Inc. with Crestline Direct Finance, L.P. serving as the Administrative Agent. JPMorgan Chase Bank, N.A. and Huntington Business Credit, arranged the facility as Joint Lead Arrangers and Bookrunners. Additionally, the Company entered into a new $100mm ABL revolving credit facility, due 2030, provided by JPMorgan Chase Bank, N.A. and Huntington Business Credit. "This is an important milestone for NORDAM as we embark on our next chapter of growth," said NORDAM CEO Meredith Siegfried Madden. "We are pleased to secure backing from Crestline and additional lending investors and look forward to providing world-class products and services to our valued customers. With Crestline's partnership, we believe we are well positioned to execute on our strategic plan, expand our business and take advantage of the many growth opportunities that lie ahead." Michael Aingorn, Senior Managing Director at Crestline Investors, Inc. commented, "We are impressed by NORDAM's strong position in the aerospace value chain and are excited to partner with Meredith and her team to support the Company's future growth. We believe that NORDAM's manufacturing expertise and deep customer relationships position the Company well to capitalize on the continued growth in the aerospace industry." NORDAM was advised by Davis Graham & Stubbs LLP. Paul Hastings LLP served as legal advisor to Crestline Investors, Inc. while Simpson Thatcher & Bartlett LLP advised JPMorgan Chase Bank, N.A. and Huntington Business Credit. ABOUT NORDAM Founded in 1969 on family values and now employing 2,500 people across multiple, strategically-located operations and customer support facilities around the world, Tulsa-based NORDAM is one of the largest independently owned aerospace companies. The firm designs, certifies and manufactures integrated propulsion systems, nacelles and thrust reversers for business jets; builds composite aircraft structures and spacecraft components, interior shells, custom cabinetry and radomes; and manufactures aircraft transparencies, such as cabin windows, wing-tip lens assemblies and flight deck windows. NORDAM also is a major third-party provider of maintenance, repair and overhaul services to the military, commercial airline and air freight markets. Learn more at ABOUT CRESTLINE INVESTORS Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $18 billion in assets under management (as of December 31, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit View source version on Contacts NORDAM Media Relations +1 918-878-4000MarCom@ 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
6 days ago
- Business
- Yahoo
Republic of Peru Announces Exchange Consideration
LIMA, Peru, June 5, 2025 /PRNewswire/ -- The Republic of Peru ("Peru") announced earlier today the commencement of offers to (i) exchange certain of Peru's outstanding sovereign bonds or bonos soberanos (the "Existing Bonos Soberanos"), including bonos soberanos in the form of Global Depositary Notes (each, a "GDN") previously issued by Citibank, N.A., as depositary (the "Existing GDNs" and, together with the Existing Bonos Soberanos, the "Existing Bonds") for a new series of Sol-Denominated sovereign bonds or bonos soberanos due 2035 (the "New Bonos Soberanos") (including new GDNs (the "New GDNs" and, together with the New Bonos Soberanos, the "New Bonds")) (collectively, the "Exchange Offers" and each, an "Exchange Offer") and/or (ii) purchase for cash the Existing Bonds (collectively, the "Cash Tender Offers" and each, a "Cash Tender Offer"). The Exchange Offers and Cash Tender Offers are referred to collectively herein as the "Offers." The Offers are being conducted upon terms and subject to certain conditions set forth in the Exchange and Tender Offering Memorandum dated June 5, 2025. Peru has now priced the New Bonds being concurrently offered for cash, and accordingly, pursuant to the Exchange and Tender Offering Memorandum, Peru hereby announces the exchange consideration (the "Exchange Consideration") and coupon for the New Bonds in the Exchange Offers. The Exchange Consideration offered for each S/1,000 principal amount of Existing Bonds in the Exchange Offers is provided in the table below, along with the previously announced price payable per S/1,000 principal amount for each series of Existing Bonds in the Cash Tender Offers (the "Purchase Price"). The coupon for the New Bonds is 6.850%. Existing Bonds Purchase Price(1)(2) Exchange Consideration(1)(2) 8.200 % Bonos Soberanos due 2026 S/1,047.992 S/1,050.98520586631 8.200% GDNs due 2026 S/1,046.992 S/1,050.98520586631 6.350% Bonos Soberanos due 2028 S/1,072.846 S/1,075.91019222746 6.350% GDNs due 2028 S/1,071.846 S/1,075.91019222746 5.940% Bonos Soberanos due 2029 S/1,059.270 S/1,062.29541734861 5.940% GDNs due 2029 S/1,058.270 S/1,062.29541734861 6.950% Bonos Soberanos due 2031 S/1,091.851 S/1,094.96947305927 6.950% GDNs due 2031 S/1,090.851 S/1,094.96947305927 (1) Each GDN represents one Bono Soberano of S/1,000 in principal amount. The Purchase Prices of Existing GDNs reflect fees associated with the cancellation of the Existing GDNs payable to Citibank, N.A., as the depositary. The Exchange Consideration for the Existing GDNs will not reflect such fees. (2) Per S/1,000 in principal amount of Existing Bonds. Each offer to exchange and each tender for purchase for any series of Existing Bonds is made as a separate, independent offer. Peru reserves the right, in its sole and absolute discretion, not to accept some or all Existing Bonds tendered in any Exchange Offer or Cash Tender Offer in respect of one or more series of Existing Bonds, and any Offer may be subject to proration at the sole discretion of Peru. In addition, Peru reserves the right, in its sole and absolute discretion, to modify in any manner, any of the terms and conditions of the Offers. The Exchange Consideration for each series of Existing Bonds was determined by dividing the Purchase Price for the applicable series of Existing Bonos Soberanos by the issue price of the New Bonos Soberanos being concurrently offered for cash, which was 99.7152%. Peru is making the Offers only in those jurisdictions where it is legal to do so. The Offers are void in all jurisdictions where such Offers are prohibited. If materials relating to the Offers come into your possession, you are required by Peru to inform yourself of and to observe all of these restrictions. The New Bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws. Accordingly, the Offers will only be directed, and copies of the offering documents will only be made available, to a holder of the Existing Bonds who has certified its status as (1) a "qualified institutional buyer" in reliance on Rule 144A under the Securities Act or (2) a non-U.S person in offshore transactions in reliance on Regulation S under the Securities Act. Terms used in this paragraph have the meanings given to them by Rule 144A and Regulation S under the Securities Act. Only holders who have properly completed and submitted the Eligibility Certification are authorized to receive and review the Exchange and Tender Offering Memorandum. Holders may obtain the Eligibility Certification by contacting the Tender, Exchange and Information Agent per its contact details below. The materials relating to the Offers do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. FURTHER INFORMATION The Tender, Exchange and Information Agent for the Offers is: Global Bondholder Services Corporation65 Broadway – Suite 404New York, NY 10006United States of AmericaAttention: Corporate ActionsBanks and Brokers call: (212) 430-3774Toll free: (855) 654-2015 Email: contact@ The Peruvian Market Maker for the Offers is: Banco Santander Perú Rivera Navarrete 475 Piso 14,San Isidro, Lima, PerúEmail: santransaccionperu@ The Issuer for the Offers is: Ministerio de Economía y Finanzas del Perú Jr. Junín No. 319Lima, PerúEmail: subastas@ DISCLAIMERThe Exchange and Tender Offering Memorandum is not for release, publication or distribution to any person located or resident in any jurisdiction where it is unlawful to distribute the Exchange and Tender Offering Memorandum. Persons into whose possession any Exchange and Tender Offering Memorandum comes are required by Peru, the Dealer Managers and the Tender, Exchange and Information Agent to inform themselves about, and to observe, any such restrictions. This announcement is neither an offer to purchase nor the solicitation of an offer to sell any of the securities described herein, nor shall there be any offer or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Offers are made solely pursuant to the Exchange and Tender Offering Memorandum dated the date hereof. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE NEW BONDS HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE NEW BONDS MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LAWS OF OTHER JURISDICTIONS. This announcement is for distribution only to persons who (i) have professional experience in matters relating to investments falling within the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order, (iii) are persons falling within Article 43 of the Order, (iv) are outside the United Kingdom, or (v) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. This announcement must be read in conjunction with the Exchange and Tender Offering Memorandum. This announcement and the Exchange and Tender Offering Memorandum contain important information which should be read carefully before any decision is made with respect to any Offer. If any holder of Existing Bonds is in any doubt as to the action it should take, it is recommended that such holder seek its own financial and legal advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney, accountant or other independent financial or legal adviser. None of Peru, the Dealer Managers or the Tender, Exchange and Information Agent makes any recommendation as to whether holders of Existing Bonos Soberanos or Existing GDNs should tender Existing Bonos Soberanos or Existing GDNs or participate in the Offers. This announcement contains forward-looking statements and information that is necessarily subject to risks, uncertainties and assumptions. No assurance can be given that the transactions described herein will be consummated or as to the terms of any such transactions. Peru assumes no obligation to update or correct the information contained in this announcement. View original content: SOURCE Republic of Peru 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
6 days ago
- Business
- Yahoo
FLAGSTAR FINANCIAL, INC. TO PARTICIPATE IN THE MORGAN STANLEY U.S. FINANCIALS CONFERENCE
HICKSVILLE, N.Y., June 5, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") announced today that Chairman, President, and Chief Executive Officer Joseph Otting and Senior Executive Vice President and Chief Financial Officer Lee Smith will participate in the Morgan Stanley U.S. Financials Conference in New York City, on Wednesday, June 11, 2025 at 12:15 p.m. (ET). A live audio-only webcast will be available at the Company's website, A replay of the webcast will be available by end of day and will be archived at the Company's website through 5:00 p.m., on Wednesday, July 9, 2025. About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York. At March 31, 2025, the Company had $97.6 billion of assets, $67.1 billion of loans, deposits of $73.9 billion, and total stockholders' equity of $8.2 billion. Flagstar Bank, N.A. operates approximately 400 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast. Investor Contact: Salvatore J. DiMartino(516) 683-4286 Media Contact: Steven Bodakowski(248) 312-5872 View original content to download multimedia: SOURCE Flagstar Financial, Inc. 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
07-05-2025
- Business
- Yahoo
Pathward CEO Brett Pharr Honored as Silver Stevie® Award Winner in 2025 American Business Awards®
Pathward CEO Brett Pharr has been named the winner of a Silver Stevie® Award for Maverick of the Year in the Business Services Industries category in the 23rd Annual American Business Awards®. Pharr named Maverick of the Year for Business Services Industries. FRANKLIN, Tenn., May 07, 2025--(BUSINESS WIRE)--Pathward®, N.A., a national bank focused on financial access, today announced that Chief Executive Officer Brett Pharr has been named the winner of a Silver Stevie® Award for Maverick of the Year in the Business Services Industries category in the 23rd Annual American Business Awards®. The Maverick of the Year award recognizes an executive or manager who has affected the most positive change on his or her company and/or industry since the beginning of 2023. The American Business Awards received more than 3,600 nominations this year for consideration in a wide range of categories, according to the Stevie Awards Inc. Since becoming CEO in 2021, Pharr has led Pathward through a number of milestones, including its rebrand to Pathward. Leveraging nearly 40 years of risk management experience, Pharr has helped Pathward deliver solutions that increase financial availability, choice and opportunity for individuals and businesses, while adapting to a rapidly changing regulatory environment. Pharr's leadership has been crucial to a few specific initiatives, including inking partnerships aligned with Pathward's mission, a new product launch and business unit rebrand in our Partner Solutions business line, fostering a collaborative hybrid remote work environment with high employee satisfaction, and affirming Pathward's commitment to excellence in sustainability. "I'm honored to be recognized with a Silver Stevie from the American Business Awards and for the opportunity to lead Pathward through its evolution as a next-generation bank focused on delivering ways for everyone to access the financial services network," said Pharr. "It's the work our employees do day in and day out that is making a difference." View Pharr's award and other Management Award winners on "Organizations across the United States continue to demonstrate resilience and innovation," said Stevie Awards president Maggie Miller. "The 2025 Stevie winners have helped drive that success through their innovation, persistence, and hard work. We congratulate all of the winners in the 2025 ABAs and look forward to celebrating their achievements during our June 10 gala event in New York." Details about The American Business Awards and the list of 2025 Stevie winners are available at About Pathward® Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at
Business Wire
07-05-2025
- Business
- Business Wire
Pathward CEO Brett Pharr Honored as Silver Stevie® Award Winner in 2025 American Business Awards®
FRANKLIN, Tenn.--(BUSINESS WIRE)-- Pathward ®, N.A., a national bank focused on financial access, today announced that Chief Executive Officer Brett Pharr has been named the winner of a Silver Stevie® Award for Maverick of the Year in the Business Services Industries category in the 23 rd Annual American Business Awards®. The Maverick of the Year award recognizes an executive or manager who has affected the most positive change on his or her company and/or industry since the beginning of 2023. The American Business Awards received more than 3,600 nominations this year for consideration in a wide range of categories, according to the Stevie Awards Inc. Since becoming CEO in 2021, Pharr has led Pathward through a number of milestones, including its rebrand to Pathward. Leveraging nearly 40 years of risk management experience, Pharr has helped Pathward deliver solutions that increase financial availability, choice and opportunity for individuals and businesses, while adapting to a rapidly changing regulatory environment. Pharr's leadership has been crucial to a few specific initiatives, including inking partnerships aligned with Pathward's mission, a new product launch and business unit rebrand in our Partner Solutions business line, fostering a collaborative hybrid remote work environment with high employee satisfaction, and affirming Pathward's commitment to excellence in sustainability. 'I'm honored to be recognized with a Silver Stevie from the American Business Awards and for the opportunity to lead Pathward through its evolution as a next-generation bank focused on delivering ways for everyone to access the financial services network,' said Pharr. 'It's the work our employees do day in and day out that is making a difference.' View Pharr's award and other Management Award winners on 'Organizations across the United States continue to demonstrate resilience and innovation,' said Stevie Awards president Maggie Miller. 'The 2025 Stevie winners have helped drive that success through their innovation, persistence, and hard work. We congratulate all of the winners in the 2025 ABAs and look forward to celebrating their achievements during our June 10 gala event in New York.' Details about The American Business Awards and the list of 2025 Stevie winners are available at About Pathward ® Pathward ®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at About the Stevie Awards Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at
