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Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Prnewswire· 2025-07-02 14:29
Newmark represents Crow Holdings in recapitalization of 25-building Texas and Illinois portfolioNEW YORK, July 1, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone R ...
Bondholders of Baltic Horizon Fund approved the amendments to the bond terms and conditions
Globenewswire· 2025-06-12 15:45
Baltic Horizon Fund applied for bondholders’ approval for certain amendments to the terms and conditions (the Terms and Conditions) of the Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds) in relation to the Bonds by way of written procedure initiated on 9 June 2025. Bondholders who were entered in the registry of bond-holders maintained by Nasdaq CSD SE on 6 June 2025 were entitled to vote in the written procedure (the Holders). Altogether Holders ...
Baltic Horizon Fund requests consent of investors to amend terms and conditions of outstanding bonds
Globenewswire· 2025-06-09 15:00
Baltic Horizon Fund (the Issuer) has initiated a written procedure to amend the terms and conditions of Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds). The current outstanding nominal amount of the Bonds is EUR 18,999,997.80 as Baltic Horizon Fund has redeemed Bonds in nominal amount of EUR 23,000,002.20 in accordance with the terms and conditions of the Bonds (Terms and Conditions). The Issuer has decided to request consent from the holders of ...
Waterdrop Inc. Announces First Quarter 2025 Unaudited Financial Results, Net profit rises 34.2% year-on-year
Prnewswire· 2025-06-05 11:19
Core Insights - Waterdrop Inc. reported a net operating revenue of RMB 753.7 million and a net profit of RMB 108.2 million for Q1 2025, marking a 34.2% increase year-over-year and achieving profitability for the thirteenth consecutive quarter [1] - The company has repurchased approximately 54.2 million American Depositary Shares (ADSs) since initiating its share repurchase program in September 2021 [2] Financial Performance - Insurance-related revenue reached RMB 658.0 million, an 8.4% increase year-over-year, with operating profit from the insurance business totaling RMB 151.4 million [3] - First-year premiums (FYPs) from the insurance business amounted to RMB 2,092.4 million, reflecting a 19.3% year-over-year increase [3] Business Growth and Innovation - Waterdrop's insurance business experienced a 30.1% year-over-year increase in short-term premiums, driven by refined user acquisition strategies and product innovation, including the upgrade of the "Jiehaoyun" product to version 5.0 [4] - The introduction of the Million Medical Insurance product offers unique features such as a health declaration waiver and guaranteed renewal for five consecutive years [4] Technological Advancements - The "AI Insurance Expert - Medical Insurance" application facilitated over RMB 2 million in monthly premiums, while the "AI Service Quality Copilot" improved operational efficiency by 83% [5] - Waterdrop has partnered with four property and casualty insurers to pilot AI-driven applications in the auto insurance sector [5] Social Impact - Waterdrop Medical Crowdfunding has raised a cumulative total of RMB 68.8 billion for 3.47 million patients, with around 475 million people participating in donations [6] - The Digital Clinical Trial Solution generated revenues of approximately RMB 23.0 million, an 11.5% year-over-year increase, with 11,217 patients enrolled in clinical trial programs [7] Leadership Commentary - The CEO emphasized the solid revenue and profit growth in Q1, highlighting the role of AI in enhancing service quality and the commitment to tech-driven value creation [8]
Waterdrop Inc. Announces First Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-06-05 10:00
Core Viewpoint - Waterdrop Inc. reported strong financial and operational growth in the first quarter of 2025, with significant increases in revenue and profit compared to previous periods [3][10]. Financial and Operational Highlights - Net operating revenue for Q1 2025 increased by 7.0% year-over-year to RMB 753.7 million (US$ 103.9 million) and by 9.7% quarter-over-quarter [9]. - Net profit attributable to ordinary shareholders reached RMB 108.2 million (US$ 14.9 million), marking a 34.2% year-over-year increase [10][15]. - First-year premiums generated through the insurance business reached RMB 2,092.4 million (US$ 288.3 million), representing a 19.3% year-over-year increase [10]. - Insurance-related income amounted to RMB 658.0 million (US$ 90.7 million), an increase of 8.4% year-over-year [11]. - Digital clinical trial solution income grew by 11.5% year-over-year to RMB 23.0 million (US$ 3.2 million) [12]. Insurance Business Performance - The insurance business saw a 30.1% year-over-year increase in short-term insurance premiums [4]. - Long-term insurance premiums grew by 27.6% quarter-over-quarter, indicating operational resilience despite product iteration challenges [4]. Crowdfunding and Risk Management - Waterdrop Medical Crowdfunding expanded its verification platform to cover 92% of domestic cities, enhancing risk control and campaign validation processes [5]. - Cumulatively, around 475 million people donated an aggregate of RMB 68.8 billion to 3.47 million patients through the crowdfunding platform [10]. AI and Technology Integration - The penetration of 'AI Insurance Expert - Medical Insurance' facilitated over RMB 2 million in monthly premiums [7]. - The 'AI Service Quality Copilot' improved unit operational efficiency by 83% since its launch [7]. Shareholder Value and Cash Position - The company distributed approximately US$ 7.3 million in cash dividends and repurchased around 54.2 million ADSs for a total consideration of approximately US$ 106.6 million as of May 31, 2025 [8][18]. - As of March 31, 2025, the cash position was RMB 3,543.3 million (US$ 488.3 million) [17].
Equinor ASA: Execution of debt capital market transactions
Globenewswire· 2025-05-27 21:09
Group 1 - The core transaction involves Equinor ASA executing debt capital market transactions, including the issuance of Notes to enhance financial flexibility [1][4] - The net proceeds from the issuance will be utilized for general corporate purposes, which may encompass the repayment or purchase of existing debt [1] - The offering is set to close on June 3, 2025, pending customary conditions [2] Group 2 - The company issued USD 550 million 4.25% Notes due June 2, 2028, USD 400 million 4.50% Notes due September 3, 2030, and USD 800 million 5.125% Notes due June 3, 2035 [4]
MarketWise Announces Appointment of Dr. David Eifrig as Chief Executive Officer
Globenewswire· 2025-05-27 20:45
Core Insights - MarketWise, Inc. has appointed Dr. David "Doc" Eifrig as the permanent Chief Executive Officer, effective immediately, after serving as interim CEO since August 2024 [1][2] - Dr. Eifrig has achieved improved financial performance during his interim tenure and has gained the confidence of the Board, employees, and shareholders [2][3] - The company aims to continue building momentum and pursue new opportunities under Dr. Eifrig's leadership, emphasizing the importance of self-directed investing [3][5] Company Overview - MarketWise is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for investors [7][8] - The company has a 25-year operating history, consisting of 11 primary customer-facing brands and over 140 products, serving a community of more than 3 million subscribers [8] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [8]
从0到年入百万:如何在没有员工的情况下打造个人事业
Hu Xiu· 2025-05-26 23:59
Group 1 - The article discusses insights from three successful independent entrepreneurs who each earn over a million annually without hiring employees [1][2] - The entrepreneurs featured are Nathan Medhora, Sam Parr, and Justin Welsh, each with unique business models contributing to their high income [3][4] Group 2 - Nathan Medhora generates income through marketing copy services and courses, achieving annual earnings of over a million [4] - Sam Parr, known for founding The Hustle Daily and the podcast "My First Million," earns over $4 million annually through events and digital marketing products [4] - Justin Welsh earns $1.7 million by providing marketing consulting services and selling online courses [4] Group 3 - The entrepreneurs suggest starting by identifying a buyer and selling the first digital product, emphasizing the high profit margins and low costs associated with digital products [5][10] - They recommend leveraging personal skills and expertise as a starting point for business, as demonstrated by Justin Welsh's transition from medical sales to consulting [12][13] - Building an audience through content creation and social media is advised, with a structured approach to becoming a content curator [17][18] Group 4 - Learning from successful individuals and reverse-engineering their processes is encouraged to develop one's style and audience [19][20][21] - The article concludes that new entrepreneurs should initially focus on solo ventures to validate their ideas and business models before considering expansion [25][26][27]
The Republic of Iceland marked a highly successful return to the Capital Markets in 2025 with a new €750 million 5-year bond
Globenewswire· 2025-05-20 15:11
Core Viewpoint - The Republic of Iceland successfully issued a EUR750 million benchmark bond due on 27th May 2030, demonstrating strong investor demand and achieving a minimal new issue concession [5]. Group 1: Transaction Details - The bond was priced at a coupon rate of 2.625% with a re-offer yield of 2.672% [5]. - The spread to mid-swaps was set at m/s+42bps, which is equivalent to a spread of 52.3bps against the OBL 2.400% Apr-30 benchmark [5]. - The transaction attracted over EUR4.3 billion in orders, marking the largest conventional orderbook on record for the Republic of Iceland [5]. Group 2: Pricing and Execution - The mandate for the new 5-year Euro-denominated benchmark was announced on 19th May 2025, with investor calls conducted throughout the day [5]. - Initial guidance was released at m/s+50bps, which was revised tighter to m/s+45bps due to strong demand [5]. - The final size of the bond was confirmed at EUR750 million after the orderbook surpassed EUR3.6 billion [5]. Group 3: Distribution - The allocation of the bond was diversified across various regions, with 25% going to Germany/Austria/Switzerland, 21% to Nordics, 16% to the UK, and smaller portions to Southern EU, Benelux, France, and others [5]. - By investor type, Fund Managers received the largest share at 53%, followed by Central Banks/Official Institutions and Banks at 17% each, and Insurance/Pensions at 12% [5].
International Game Technology PLC(IGT) - 2025 Q1 - Earnings Call Transcript
2025-05-13 13:02
International Game (IGT) Q1 2025 Earnings Call May 13, 2025 08:00 AM ET Company Participants James Hurley - SVP - IRVincent Sadusky - CEO & Executive DirectorMassimiliano Chiara - Executive VP, CFO & DirectorJeffrey Stantial - Managing Director - Gaming & LeisureBarry Jonas - Managing DirectorDavid Katz - Managing DirectorDomenico Ghilotti - Co-Head of Research Conference Call Participants Chad Beynon - Managing Director, AnalystJoseph Stauff - Senior Equity Research Analyst Operator Thank you for standing ...