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Ellington Credit Company Prices Offering of Unsecured Notes
Businesswire· 2026-03-26 01:01
Core Viewpoint - Ellington Credit Company has announced the pricing of an underwritten public offering of $50 million aggregate principal amount of 8.50% notes due 2031, which will mature on March 30, 2031, and can be redeemed partially or fully starting March 30, 2028 [1][2]. Group 1: Offering Details - The 2031 Notes have been rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency [2]. - The Fund has granted underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of 2031 Notes to cover over allotments [2]. - The offering is expected to close on March 30, 2026, subject to customary closing conditions, and the Fund intends to list the 2031 Notes on the New York Stock Exchange under the symbol "ELLA" [3]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for general corporate purposes, including funding purchases of additional assets in line with the Fund's investment objectives and strategies, and repaying short-term borrowings under reverse repurchase agreements [2]. Group 3: Company Background - Ellington Credit Company is a non-diversified closed-end fund that aims to provide attractive current yields and risk-adjusted total returns by primarily investing in corporate collateralized loan obligations (CLOs), focusing on mezzanine debt and equity tranches [7]. - The Fund is externally managed and advised by an affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994 [7][8].
NYSE to Commence Delisting Proceedings Against FiscalNote Holdings, Inc. (NOTE)
Businesswire· 2026-03-25 21:30
Core Viewpoint - The New York Stock Exchange (NYSE) has initiated delisting proceedings against FiscalNote Holdings, Inc. due to the company's failure to maintain an average closing price of at least $1.00 over a consecutive 30 trading-day period, alongside a recent reverse stock split [2][3]. Group 1: Delisting Proceedings - NYSE Regulation has determined to delist the Class A common stock and warrants of FiscalNote Holdings, Inc. from the Exchange [2]. - The decision to delist is based on Section 802.01C of the NYSE's Listed Company Manual [2]. - Trading in the company's securities will be suspended immediately following this announcement [1]. Group 2: Company Rights and Next Steps - FiscalNote Holdings, Inc. has the right to appeal the delisting decision to a Committee of the Board of Directors of the Exchange [3]. - The NYSE will apply to the Securities and Exchange Commission to finalize the delisting upon completion of all applicable procedures, including any appeal by the company [3].
Investcorp Credit Management BDC, Inc. Schedules Earnings Release for the Third Quarter Ended September 30, 2025
Businesswire· 2025-11-12 03:38
Core Viewpoint - Investcorp Credit Management BDC, Inc. is scheduled to release its financial results for the third quarter ended September 30, 2025, on November 12, 2025, after market close [1] Financial Results Announcement - The earnings conference call will take place on November 13, 2025, at 11:00 am Eastern Time, allowing participants to review financial results and engage in a Q&A session [2] - Interested parties can join the call by dialing the provided numbers and using the specified passcode [2] Company Overview - Investcorp Credit Management BDC, Inc. is an externally-managed, closed-end, non-diversified management investment company regulated as a business development company under the Investment Company Act of 1940 [3] - The company's primary investment objective is to maximize total return for stockholders through current income and capital appreciation by investing in debt and equity of privately held middle-market companies [3] - The company targets middle-market companies with annual revenues of at least $50 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of at least $15 million [3]
APi Group Confirms Date of Third Quarter 2025 Earnings Release
Businesswire· 2025-10-16 11:30
Core Points - APi Group Corporation will release its financial results for the three and nine months ended September 30, 2025, before the market opens on October 30, 2025 [1] - A conference call to discuss the financial results will take place at 8:30 a.m. (Eastern Time) on the same day, featuring key executives [2] - The company has a strong recurring revenue base and operates over 500 locations globally, providing essential services across various industries [4] Financial Results Announcement - The financial results will be released before market opening on October 30, 2025 [1] - The conference call will include participation from the President, CEO, and other senior executives [2][3] Company Overview - APi Group is a leading provider of fire and life safety, security, elevator and escalator, and specialty services [4] - The company has a substantial recurring revenue base and serves a strong customer base across multiple industries [4]