Latest news with #VCP
Yahoo
5 days ago
- General
- Yahoo
Biking 4,000 miles to help homeless veterans
SIOUX FALLS, S.D. (KELO) – Gage Matzen is on a 4,228-mile mission across America. 'I've always loved big adventures that are physically tough,' Matzen said. The Tea, South Dakota native is biking the TransAmerica Trail, which begins in Yorktown, Virginia. He set off in early May, and he hopes to reach his final destination in Astoria, Oregon in early August. Air quality alert issued for South Dakota due to wildfire smoke 'I'm making good progress, I think. The days should pick up with mileage as well as the trip has been going on. A couple days ago, we did 80 and then another 70 miles after that,' Matzen said. The reason he's biking across the country is to raise money to help those who have served. Last summer, Matzen volunteered for a day at the Veterans Community Project of Sioux Falls. 'At my last job in Sioux Falls, we did a volunteer opportunity at VCP and had the opportunity to go out, build some frames, some walls, and the houses and hear some testimonials,' Matzen said. 'It just kind of struck home for me.' From support services to a home of their own, the nonprofit provides veterans with resources to help them get back on their feet. To Matzen, this was eye-opening. 'Just hearing those stories really solidifies how awesome that organization is and why I want to help raise money for it,' Matzen said. So, as any other 'aspiring TransAmerica Trail rider' would do, he told the staff in Sioux Falls his plan and began preparing for his ride across the country. 'He had expressed sort of a bucket list thing to bike across the country. What he told Kaelyn, who he's been working with, is he wanted to do this for somebody else. He wouldn't quit,' Veterans Community Project of Sioux Falls executive director John Holter said. 'He was motivated by helping someone else.' With no government funding, the Veterans Community Project relies on donations and volunteers. Right now, the organization is adding another row of homes to the Sioux Falls village to help more veterans get a fresh start. 'Paying the light bill, helping finish out building the village- all that money goes to helping house homeless veterans,' Holter said. Helping others is a big part of Matzen's goal, but it's also about pushing himself. Sioux Falls street closures start Monday 'A couple of years ago, I was involved in a drunk driving accident. We were hit head-on on a highway, and thankfully, myself and my passengers were okay, but my ankle was put into a pilon fracture and shattered,' Matzen said. 'I spent a good year and a half or two years in and out of surgeries and recovery.' Now, back on his feet, Matzen is biking not only to challenge himself, but to inspire others. The trek across America is no small feat, and it requires plenty of rest days, resilience and even the kindness of strangers. 'I've been approached by so many people. 'Are you biking across? Are you doing the TransAmerica Trail?' And they try to buy you dinner,' Matzen said. 'I had a lady come up to me at the gas station as I was riding my bike while I was eating a snack. She said, 'Do you have a place to stay tonight?' She's like 'I'm always looking for cyclists and we love hosting. You guys are so much fun.'' It wasn't long before Matzen realized he wasn't alone on this mission. What started as a solo ride to help veterans has grown into a shared journey with cyclists from around the world. 'Along the way, I've met at least ten other cyclists doing this, and now I'm actually rolling with three guys: one from California, a guy from London, U.K., and a guy from West Virginia. So, we've been rolling together, and then we actually met two other gals from the Netherlands,' Matzen said. 'We rode with them for a few days, and the whole last week has flown by because we've been hanging out and riding together.' Each biker has their own story, their own goals, and their own reason to keep moving forward. For Matzen, it means pedaling across the same country that so many have fought to protect. You can follow along with Matzen's journey, and you can also donate to help him reach his fundraising goal and support veterans in Sioux Falls. The new Miss South Dakota has been crowned Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hindu
22-04-2025
- The Hindu
Vahana Mela: 320 seized vehicles returned to owners in Visakhapatnam
In the 'Vahana Mela' special drive held here on Tuesday, the Visakhapatnam City Police (VCP) returned 320 seized vehicles, including motorbikes and auto-rickshaws, to their rightful owners, following the procedures outlined by the Union Home Ministry. While in the first mela held on February 19, 2025, the police returned 152 vehicles to the owners, in the second mela held on Tuesday, April 22, 320 vehicles, including 272 vehicles (seized by the traffic department), 37 vehicles (seized in crime cases), and 11 vehicles seized by law & order were returned. Speaking to media persons on the occasion, Commissioner Shanka Brata Bagchi said that vehicles seized by the police in criminal and traffic-related cases often remain unclaimed for years due to various legal or procedural hurdles faced by the owners. As a result, many vehicles become useless over time, lose their value and become junk. To address this issue, they have started this `Vahana Mela' to hand over such vehicles without any financial burden on the owners. 'We have followed the procedures outlined by the Union Home Ministry to ensure smooth implementation. We have obtained the address details of the vehicle owners from RTO records and police station files, and have even constituted a special task force to identify and contact the owners,' Mr. Bagchi added.
Associated Press
30-01-2025
- Business
- Associated Press
KBRA Assigns Preliminary Ratings to VCP RRL ABS IV, LLC
KBRA assigns preliminary ratings to four classes of debt issued by VCP RRL ABS IV, LLC (VCP IV), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. VCP IV is an approximate $525.0 million securitization managed by Vista Credit Partners, L.P. ('VCP' or the 'Collateral Manager'), an investment adviser and affiliate of Vista Equity Partners (collectively, with these affiliates and other funds managed by them and their affiliates 'Vista'). The securitization consists of $95.0 million Class A-L Loans, $100.0 million Class A-2 Notes (which are not a part of this rating action), $151.5 million Class A-3 Notes, $63.0 million Class B Notes, $36.8 million Class C Notes, and $78.8 million of Subordinated Notes (collectively the 'Debt', excluding Class A-2). The Debt is expected to receive payments from a portfolio of recurring revenue loans ('RRLs') and middle market loans('MMLs'). The transaction is generally static and does not feature a reinvestment period, though there is limited flexibility to make collateral substitutions. The ratings reflect initial credit enhancement levels, excess spread, and structural features. This is VCP's fourth securitization collateralized predominately by RRL and MML. The RRL strategy focuses on first-lien senior loans to technology and software companies that have a minimum level of recurring revenue and low loan-to-value (LTV) ratios. The Class A, B, and C Notes have advance rates of 66.0%, 78.0%, and 85.0%, respectively. The overall KWARF of the portfolio is 3640, which represents a weighted average portfolio assessment between B- and CCC+. KBRA's ratings on the Class A-L Loans, Class A-3 Notes, and Class B Notes consider timely payment of interest and ultimate payment of principal by the applicable stated maturity date, and KBRA's rating on the Class C Notes considers the ultimate payment of interest and principal by the applicable stated maturity date. To access ratings and relevant documents, click here. Click here to view the report. Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. +1 646-731-2457 +1 646-731-2373 [email protected] Hudson, Senior Managing Director, Co-Head of Global Structured Credit +1 646-731-3320 [email protected] Malone, Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair) +1 646-731-2436 [email protected] Development ContactJason Lilien, Senior Managing Director +1 646-731-2442 [email protected] SOURCE: Kroll Bond Rating Agency, LLC Copyright Business Wire 2025. PUB: 01/30/2025 05:05 PM/DISC: 01/30/2025 05:06 PM
Yahoo
30-01-2025
- Business
- Yahoo
KBRA Assigns Preliminary Ratings to VCP RRL ABS IV, LLC
NEW YORK, January 30, 2025--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of debt issued by VCP RRL ABS IV, LLC (VCP IV), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. VCP IV is an approximate $525.0 million securitization managed by Vista Credit Partners, L.P. ("VCP" or the "Collateral Manager"), an investment adviser and affiliate of Vista Equity Partners (collectively, with these affiliates and other funds managed by them and their affiliates "Vista"). The securitization consists of $95.0 million Class A-L Loans, $100.0 million Class A-2 Notes (which are not a part of this rating action), $151.5 million Class A-3 Notes, $63.0 million Class B Notes, $36.8 million Class C Notes, and $78.8 million of Subordinated Notes (collectively the "Debt", excluding Class A-2). The Debt is expected to receive payments from a portfolio of recurring revenue loans ("RRLs") and middle market loans("MMLs"). The transaction is generally static and does not feature a reinvestment period, though there is limited flexibility to make collateral substitutions. The ratings reflect initial credit enhancement levels, excess spread, and structural features. This is VCP's fourth securitization collateralized predominately by RRL and MML. The RRL strategy focuses on first-lien senior loans to technology and software companies that have a minimum level of recurring revenue and low loan-to-value (LTV) ratios. The Class A, B, and C Notes have advance rates of 66.0%, 78.0%, and 85.0%, respectively. The overall KWARF of the portfolio is 3640, which represents a weighted average portfolio assessment between B- and CCC+. KBRA's ratings on the Class A-L Loans, Class A-3 Notes, and Class B Notes consider timely payment of interest and ultimate payment of principal by the applicable stated maturity date, and KBRA's rating on the Class C Notes considers the ultimate payment of interest and principal by the applicable stated maturity date. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Structured Credit: Structured Credit Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1007803 View source version on Contacts Analytical Contacts Jerry Jurcisin, Associate Director (Lead Analyst)+1 Jorge Jimenez-Alvarez, Associate+1 Eric Hudson, Senior Managing Director, Co-Head of Global Structured Credit+1 Sean Malone, Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair)+1 Business Development Contact Jason Lilien, Senior Managing Director+1 Sign in to access your portfolio
