Finance & Oportunity

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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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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Spotlight on scholarship opportunities for African American students during Black History Month

Press release content from PR Newswire. The AP news staff was not involved in its creation.

WESTON, Mass., Feb. 8, 2021 /PRNewswire/ — Fastweb ( ), the leading website for scholarship and financial aid information and a member of the Monster network, celebrates the achievements of African Americans throughout history during Black History Month with a spotlight on scholarship opportunities available for today’s students.

In Fastweb’s new resource – Scholarships for African American Students – students can view a comprehensive list of scholarships in academic areas such as engineering, psychology, financial services, business administration, STEM fields, and more. Award amounts range from $500 to $30,000. Relevant internships are also included.

Fastweb encourages undergraduate, graduate, and college-bound African American students to help fund their college education by applying for scholarship opportunities. “Fastweb is committed to helping students achieve their academic goals by bringing them relevant scholarship

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‘Certainly an opportunity’ – Finance guru explores potential openings for Leeds amid cash boost

It was recently reported that the San Francisco 49ers had purchased additional Leeds United shares in a £50million deal and, along with majority shareholder Andrea Radrizzani, are said to have big ambitions for the club.

a stadium full of people: General view inside Elland Road ahead of Leeds United v Nottingham Forest

© Provided by Transfer Tavern
General view inside Elland Road ahead of Leeds United v Nottingham Forest

The potential opportunities of this investment have been explored by a Football finance expert and it looks like it could become a great deal for Leeds.

The latest on this deal

Football finance expert Kieran Maguire discussed the potential opportunities the club as he told Football Insider: “As a Championship club, they were streets ahead of everyone else because of the nature of the fanbase. But their commercial income in 2019 was £21m, compared to £280m at Manchester United, for example. It will have gone up as a result of getting to the Premier League but the

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Better Housing Coalition gets $3 million donation from Altria to help finance affordable housing in the Richmond region | Business News

While the housing market and construction market have remained strong in the Richmond region during the COVID-19 pandemic and economic downturn, “You don’t see many affordable housing units being built,” she said. “The demand for affordable housing exceeds the supply. There are many low-income families and seniors who struggle to pay the rent.”

Rental costs range from about $500 per month to $1,300 per month at the various Better Housing Coalition multifamily units in the area.

BHC mostly develops and provides rental units, but the organization also plans to use the money from the Altria donation to support homeownership opportunities for at least 50 households.

It also plans to offer more support services for residents. For instance, BHC is planning to provide telehealth services to at least 200 low-income senior residents.

Altria, the parent company of top U.S. tobacco company Philip Morris USA, is offering the contribution as part of

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Agona East MP Offers Financial Support To Tertiary Students | General News

The Member of Parliament (MP) for Agona East, Mrs Queenstar Maame Pokuah Sawyerr, has offered GH¢35,000 financial assistance to 35 tertiary students in their quest to pursue higher education.

The MP, through her Maame Pokuah Fees Programme (MPFP), presented GH¢1,000 each to the beneficiary students to cushion them in footing their academic user-fees and other educational expenditure.

Mrs Sawyerr, on her election as MP for the area in 2012, instituted the MPFP programme to support the education of particularly young girls in the district at the Senior High School (SHS) level.

However, with the introduction of the Free SHS programme in 2017, she shifted her focus to assist students at the tertiary level towards the training of the needed human capital to drive the progress of the district.

Reduce burden

Speaking to the Daily Graphic after a short presentation, Mrs Sawyerr noted that the gesture was to ease the burden

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