Day: February 10, 2021

PennyMac Financial Services, Inc. Announces Pricing of Upsized Private Offering of $650 Million of Senior Notes

Classified in: Covid-19 virus
Subject: Bond Issue

PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced the pricing of its offering of $650 million aggregate principal amount of 4.250% Senior Notes due 2029 (the “Notes”). The size of the offering was increased from the previously announced $500 million aggregate principal amount. The Notes will bear interest at 4.250% per annum and will mature on February 15, 2029. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2021. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is expected to

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General Finance Corporation Reports Second Quarter Results For Fiscal Year 2021

PASADENA, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) — General Finance Corporation (NASDAQ: GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand (the “Company”), today announced its consolidated financial results for the second quarter and six months (“YTD”) ended December 31, 2020.

Second Quarter 2021 Highlights

  • Rental revenues from our core non-liquid containment products in North America increased by 9% from the second quarter of fiscal year 2020.
  • Leasing revenues were $58.4 million, compared to $60.8 million for the second quarter of fiscal year 2020.
  • Leasing revenues, excluding the oil and gas sector, increased by 5% in North America and by 4% in the Asia-Pacific from the second quarter of fiscal year 2020.
  • Leasing revenues comprised 66% of total non-manufacturing revenues versus 67% for the second quarter of fiscal year 2020.
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Concord School Surrenders Charter After Financial Audit Probed

CONCORD, NH — State education officials are navigating through unchartered territory after one of New Hampshire’s charter schools fell out of compliance with financial reporting — with nearly $154,000 in unsupported federal grant reimbursements found, leading to the school surrendering its charter.



The Capital City Public Charter School, located at the Steeplegate Mall, has been closed since the end of the 2019-2020 school year after an audit yielded accusations of financial discrepancies.


© Tony Schinella/Patch
The Capital City Public Charter School, located at the Steeplegate Mall, has been closed since the end of the 2019-2020 school year after an audit yielded accusations of financial discrepancies.

Capital City Public Charter School surrendered its charter on Friday to the state board of education to avoid a revocation hearing slated for Tuesday. As part of the hearing, the board accused the school of failing to provide financial reporting for expenses for two years — and discovered what appear to misappropriate funds. Those of those funds include accusations of personal use of federal grant dollars, loan repayments that were not documented, and tens of

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Enigma Technologies and Verisk Financial Collaborate to Provide Insights into Small Business Financial Health, Offering Lenders Clarity

NEW YORK, Feb. 1, 2021 /PRNewswire/ — Enigma Technologies, a data science company that collects and analyzes information on the health and identity of every U.S. business, announces a strategic collaboration with Verisk Financial, a Verisk company relied upon by leading financial institutions, payments providers, and retailers around the globe.

During this year-long pandemic, lenders have been struggling to assess small business financial health and, lacking clear information, rejected eight out of ten loan applications from small businesses. Through the Verisk collaboration, Enigma is launching a new solution that allows clients to see and understand how small business revenues are trending in near real-time. Combining these revenue trends with Enigma’s proprietary entity resolution and machine learning techniques provides actionable estimates about the financial health of more than 20 million small businesses.

As part of the collaboration, Enigma joins a consortium of banks, payments processors, and financial institutions to provide trustworthy

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