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Rivian Automotive, Inc. Prices $1.25 Billion Senior Secured Green Notes Offering to Refinance Outstanding Senior Secured Notes due 2026

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced that Rivian Holdings, LLC (the “Company”), Rivian, LLC (“Rivian LLC”) and Rivian Automotive, LLC (“Rivian Automotive” and, together with the Company and Rivian LLC, the “Co-Issuers”) priced their private offering of $1,250,000,000 aggregate principal amount of 10.000% senior secured green notes due 2031 (the “notes”). Rivian expects to use the net proceeds from the offering of the notes, together

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.15 July 11, 2025 July 30, 2025 $0.15 August 11, 2025 August 28, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains,

Central Securities Corporation Declares Dividend

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Central Securities Corporation (NYSE American: CET), a closed-end investment company, today declared the following dividend:       Ex- and Record   Payment Class of Stock Rate   Date   Date Common Stock $0.25   6/17/25   6/27/25 Of the $0.25 per share to be paid on June 27, 2025, $0.04 is expected to be taxable as ordinary income and $0.21 is expected to be taxable as long-term capital gain. The final tax breakdown of all amounts paid during

Equitable Holdings to Participate in the 2025 Morgan Stanley US Financials Conference

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)--Equitable Holdings to Participate in the 2025 Morgan Stanley US Financials Conference

Virtus Diversified Income & Convertible Fund Announces Distributions

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date/Record Date Payable Date $0.18 July 11, 2025 July 30, 2025 $0.18 August 11, 2025 August 28, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination t

EnerSys Announces Participation in Wells Fargo Industrials & Materials Conference on June 11, 2025

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
READING, Pa.--(BUSINESS WIRE)-- #EnerSys--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced today that Executive Vice President and Chief Financial Officer, Andrea Funk, is scheduled to present on Wednesday, June 11th, at the 2025 Wells Fargo Industrials & Materials Conference, being held in Chicago, Illinois. The fireside chat will begin at 2:15 pm CT. A live audio webcast and archived replay will be available to the public via this link. The webca

Annaly Capital Management, Inc. Announces 2nd Quarter 2025 Common Stock Dividend of $0.70 per Share

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Announces 2nd Quarter 2025 Common Stock Dividend of $0.70 per Share

KBRA Releases Research – New Vintage Office Loans: Rising Credit Quality Amid Lingering Uncertainty

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research on the increase in CMBS 2.0 office issuance and recent trends in newly originated conduit office loans. Office properties have typically collateralized about one-quarter of all commercial mortgage-backed securities (CMBS) 2.0 loans, by balance, across both conduits and single-asset single borrower (SASB) deals from 2012 to 2019. The pandemic disrupted that trajectory, initially driving office exposure to one-third of all deals in 2020 when retai

Postal Center International® Sets New Benchmark in Mail Industry with ISO 9001 Certification, Delivering Excellence and Unmatched Quality Assurance Nationwide

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
WESTON, Fla.--(BUSINESS WIRE)-- #BenchmarkingExcellence--PCI, an industry leader in mail, print, and creative marketing, earns coveted ISO 9001 certification.

Paycom Data Reveals Unexpected Trends in Employee Summer Vacation Habits

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, revealed workplace data around U.S. employees’ summer time-off habits. According to Paycom, nearly one-quarter of employees do not officially submit their vacation requests until the day of their trip, or weeks after the fact. Unclear time-off policies and inconsistent enforcement may contribute to this trend. According to a 2023 Payc

Verint Announces Strong Start to FYE 2026

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® (Nasdaq: VRNT), The CX Automation Company™, today announced results for the three months ended April 30, 2025 (FYE 2026). “I am pleased to start the year with a strong first quarter. In Q1, ARR growth accelerated to 6% year-over-year and both revenue and non-GAAP diluted EPS came in ahead of guidance. The combination of a strong first quarter and a growing pipeline for our AI-powered solutions gives us confidence that we are on track to achieve our annua

Renatus Tactical Acquisition Corp I Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing on June 9, 2025

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
CORAL GABLES, Fla.--(BUSINESS WIRE)---- $RTAC #SPAC--Renatus Tactical Acquisition Corp I (Nasdaq: RTACU) (the “Company”) today announced that, commencing on June 9, 2025, holders of the units (the “Units”) sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares (the “Ordinary Shares”) and warrants (the “Warrants”) included in the Units. The Ordinary Shares and Warrants received from the separated Units will trade on the Nasdaq Global Market (“Nasdaq”) u

Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.57 trillion at May 31, 2025, compared to $1.53 trillion at April 30, 2025. This month’s AUM reflected the positive impact of markets and preliminary long-term net inflows of $1 billion, inclusive of $3 billion of long-term net outflows at Western Asset Management.1 Excluding Western Asset Management, preliminary long-term net infl

KBRA Assigns Preliminary Ratings to Tricolor Auto Securitization Trust 2025-2

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of notes issued by Tricolor Auto Securitization Trust 2025-2 (“TAST 2025-2”), a subprime auto loan ABS transaction. TAST 2025-2 will issue six classes of notes totaling $217.180 million, where credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class F notes), a cash reserve account, and excess spread. The transaction has initial credit enhancement ranging from 51.70

AM Best Revises Outlooks to Negative for UnitedHealth Group Incorporated and Its Subsidiaries

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of UnitedHealth Group Incorporated (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH]. AM Best also has affirmed the Short-Term IR of UnitedHealth Group. Concurrently, AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR

AM Best Downgrades Credit Ratings of The Dominion of Canada General Insurance Company and Travelers Insurance Company of Canada Following Announced Sale to Definity Financial Corporation; Places Credit Ratings Under Review With Various Implications

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of The Dominion of Canada General Insurance Company (Dominion). At the same time, AM Best has downgraded the FSR to A+ (Superior) from A++ (Superior) and the Long-Term ICR to “aa-” (Superior) from “aa+” (Superior) of Travelers Insurance Company of Canada (TICC). In addition.

KBRA Assigns Preliminary Ratings to PMT Loan Trust 2025-INV6 (PMTLT 2025-INV6)

Lastest from Businesswire - Wed, 06/04/2025 - 17:43
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 62 classes of mortgage backed notes from PMT Loan Trust 2025-INV6 (PMTLT 2025-INV6), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-INV6 comprises 924 fixed-rate mortgages (FRMs) with an aggregate principal balance of $345.7 million as of the June 1, 2025 cut-off date. The underlying pool consists of agency-eligible loans t

Johnson Fistel, PLLP Investigates Abacus Global on Behalf of Shareholders Who Incurred Losses

Lastest from Businesswire - Wed, 06/04/2025 - 14:43
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP is investigating whether Abacus Global Management, Inc. (NASDAQ: ABL) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors. What if I purchased Abacus Global securities? If you purchased securities and suffered losses on your investment, join our investigation now: https://www.johnsonfistel.com/investigations/abacus-global-management-inc For more information,

Ned Introduces Spotlight, a Lightweight Solution for Instant Cash Flow Insight

Lastest from Businesswire - Wed, 06/04/2025 - 14:43
NEW YORK--(BUSINESS WIRE)-- #AccessToCapital--Spotlight gives small business lenders instant access to live cash flow data, enabling faster, smarter decisions at key moments.

Standard Chartered US Named One of America’s 50 Most Community-Minded Companies by Points of Light

Lastest from Businesswire - Wed, 06/04/2025 - 14:43
NEW YORK--(BUSINESS WIRE)--Standard Chartered US (the “Bank”) is proud to announce that it has been recognized for the third consecutive year as an honoree of The Civic 50, an initiative by Points of Light, the world’s largest organization dedicated to increasing volunteer service. For more than a decade, The Civic 50 has served as the national standard for corporate citizenship and showcases how leading companies are moving social impact and community to the core of their business. This compre

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