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NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA announces the assignment of preliminary ratings to eight classes of HIH 2024-61P, a CMBS single-borrower securitization. The collateral for the transaction is a $423.6 million floating rate, interest-only mortgage loan. The loan is expected to have an initial two-year term with three, one-year extension options and require monthly interest-only payments. The loan will be secured by the borrowers’ interests in 61 hotels including fee simple interests in 58 lodging

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes (the “Notes”) issued by Kapitus Asset Securitization IV LLC, Series 2024-1. Kapitus, formerly known as Strategic Funding Source, Inc. (“Kapitus” or the “Company”), was founded in 2006 and provides financing to small and medium-sized businesses through the use of proprietary risk scoring models, transactional data and technology systems. Since 2014, Kapitus has received financial support from Pine Brook Partners

DENVER & NEW YORK--(BUSINESS WIRE)--KKR today announced an agreement to sell GeoStabilization International (“GSI” or the “Company”) to Leonard Green & Partners, L.P. (“LGP”). GSI is a leading provider of geohazard mitigation solutions and roadway safety services. The sale delivers a return of five times the equity invested by KKR, and all GSI employees will receive substantial cash payouts on their ownership stakes in the Company. “It has been an honor working alongside Dominic, the manage

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GRIID Infrastructure Inc. (NasdaqGM: GRDI) to CleanSpark Inc. (NasdaqCM: CLSK). Under the terms of the proposed transaction, shareholders of GRIID will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the tot

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Chuy’s Holdings, Inc. (NasdaqGS: CHUY) to Darden Restaurants, Inc. (NYSE: DRI). Under the terms of the proposed transaction, shareholders of Chuy’s will receive $37.50 in cash for each share of Chuy’s that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequ

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Walgreens Boots Alliance, Inc. (“Walgreens” or the “Company”) (NASDAQ: WBA) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Walgreens investments or would like to inquire about potentially pursuing claims to recover your loss under the federa

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Bumble Inc. (“Bumble” or the “Company”) (NASDAQ: BMBL) investors concerning the Company’s possible violations of federal securities laws. On February 27, 2024, Bumble released its fourth quarter 2023 financial results, falling short of expectations. The Company stated that the recently-launched Premium Plus subscription tier would be revamped as part of a planned Bumble app relaunch, as it “di

WAYNE, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 24, 2024, to shareholders of record as of the close of business on October 10, 2024. About Trinseo Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably fo

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Domino's Pizza, Inc. (“Domino's” or the “Company”) (NYSE: DPZ) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Domino's investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities l

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming November 12, 2024 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Coinbase Global, Inc. (“Coinbase” or the “Company”) (NASDAQ: COIN) securities between April 14, 2021 and July 25, 2024, inclusive (the “Class Period”). Investors suffering losses on their Coinbase investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their l

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation (NYSE: RNST). Under the terms of the proposed transaction, shareholders of First will receive 1.00 share of Renasant for each share of First that they own. KSF is seeking to determine whether this consideration and the process that led to it are a

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Galaxy Gaming, Inc. (OTC: GLXZ) to Evolution AB (publ). Under the terms of the proposed transaction, shareholders of Galaxy will receive $3.20 in cash for each share of Galaxy that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consi

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GSE Systems, Inc. (NasdaqCM: GVP) to Pelican Energy Partners. Under the terms of the proposed transaction, shareholders of GSE will receive $4.10 in cash for each share of GSE that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consi

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Iteris, Inc. (NasdaqCM: ITI) to Almaviva S.p.A. Under the terms of the proposed transaction, shareholders of Iteris will receive $7.20 in cash for each share of Iteris that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Target Hospitality Corp. (Nasdaq: TH) (f/k/a Platinum Eagle Acquisition Corp) concerning the Company and its directors’ and officers’ possible violations of state laws. If you own Target Hospitality stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of German American Bancorp, Inc. (NasdaqGS: GABC) (the “Company”) and Heartland BancCorp (OTC: HLAN). Under the terms of the proposed transaction, German American would issue approximately 7.66 million shares of its common stock, based on the number of Heartland common shares expected to be outstanding at closi

NEW YORK--(BUSINESS WIRE)--Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly distributions under the Fund’s managed distribution plan. Under the Fund’s managed distribution plan, the Fund intends to make monthly distributions to common stockholders at an annual rate of 8% (or 0.6667% per month) for 2024, based on the net asset value of $14.31 of the Fund’s common shares as of December 31

LONDON--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” (Superior) of Swiss Reinsurance Company Ltd (Switzerland) and most rated operating affiliates, all subsidiaries of Swiss Re Ltd (Swiss Re). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt and the indicative Long-Term IRs on securities available under Swiss Reinsurance Company Ltd.’s

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #CalGrant--Beginning next academic year, Santa Clara University has committed to meeting the full demonstrated financial need of admitted first-year students who qualify for Cal Grants, as well as those who graduated from the national Cristo Rey Network high schools. The commitments, named the Santa Clara University California Promise and the Santa Clara University Cristo Rey Promise, represent guarantees that students from these two groups will be supported to attend

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research that examines the capital relief that financial institutions can obtain using synthetic risk transfer (SRT) transactions, as well as typical structural features, market volumes, and recent developments regarding Basel 3 capital requirements. SRT transactions, a form of securitization, have gained prominence in optimizing capital requirements for financial institutions by reducing risk weightings assigned to portfolios of loans held on their bala