Core Viewpoint - Bakkt Holdings, Inc. has redeemed its outstanding 0.00% convertible debenture due June 18, 2026, eliminating all remaining long-term debt, which strengthens the company's financial position [1] Financial Position - The redemption of the debenture, originally issued in June 2024, has satisfied all obligations in full [1] - Bakkt now has no outstanding long-term debt obligations, enhancing its balance sheet flexibility [1]

Core Viewpoint - Bombardier Inc. has announced a conditional redemption of its outstanding Senior Notes, indicating a strategic move to manage its debt obligations effectively [1]. Group 1: Redemption Details - Bombardier issued a conditional notice of redemption for all of its outstanding 7.125% Senior Notes due 2026, with a redemption date set for October 4, 2025 [1]. - A conditional notice of partial redemption for US$83,711,000 of its 7.875% Senior Notes due 2027 has also been issued, with the same redemption date of October 4, 2025 [1]. - The redemption price for both the 2026 and 2027 Notes will be 100% of the principal amount redeemed, plus accrued and unpaid interest [1]. Group 2: Conditions and Payment Process - The redemption of the Notes is contingent upon Bombardier completing a new offering of debt securities totaling at least US$250 million before the redemption dates [1]. - Payment for the redemption will be processed through the Depository Trust Company on October 6, 2025 [2]. - The paying agent for this transaction is Deutsche Bank Trust Company Americas, located in Jacksonville, Florida [2].

Core Viewpoint - Calumet, Inc. has extended its asset financing arrangement with Stonebriar, increasing the value of its Shreveport terminal assets to $120 million and providing $80 million in proceeds to reduce outstanding Senior Notes due 2026 [1][2]. Group 1: Financial Transaction Details - The new financing arrangement assigns a value of $120 million to the Shreveport terminal assets, up from the previous valuation of $70 million [1]. - The transaction will yield $80 million in proceeds, which will be used to partially redeem $80 million of the outstanding 11.00% Senior Notes due 2026 at par plus accrued interest [1]. - The cost of capital for this transaction is set at 10.75% [1]. Group 2: Company Operations and Management - Todd Borgmann, CEO of Calumet, emphasized the value increase as a result of the Shreveport team's efforts to enhance facility reliability and throughput [2]. - Calumet, Inc. manufactures and markets a range of specialty branded products and renewable fuels across various consumer and industrial markets, operating twelve facilities in North America [3].

Core Viewpoint - The Company has successfully redeemed $20.0 million of high-cost subordinated notes, which is expected to enhance its net interest margin and create opportunities for future share repurchases [1][2]. Financial Summary - The subordinated notes were originally issued on September 20, 2018, with a fixed-to-floating rate of 5.95%, and prior to redemption, they yielded 7.66% [1]. - The Bank funded the redemption through a $19.0 million dividend, supported by short-term wholesale borrowings at a rate of 4.48% [1]. - As of March 31, 2025, the Bank maintained leverage and total risk-based capital ratios above 9.0% and 12.0%, respectively, which continued post-redemption as of April 30, 2025 [1]. Strategic Initiatives - The redemption of the subordinated notes is part of the Company's strategic initiatives aimed at reducing high-cost debt and potentially repurchasing common shares in the future [2]. - The Company anticipates building excess capital, which would support the share repurchase strategy if deemed accretive to earnings per share [2]. Company Overview - The Bank operates as a community bank in Jeffersonville, Indiana, with fifteen depository branches in Southern Indiana and two national lending programs [2]. - The Bank is recognized for its lending programs and aims to be the best community bank, contributing to its success [2].