financial

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

2 months ago Amanda T. Noriega
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

2 months ago Amanda T. Noriega

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

2 months ago Amanda T. Noriega

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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Flowserve Announces Dates for Fourth Quarter and Full Year 2020 Financial Results

2 months ago Amanda T. Noriega

DALLAS–(BUSINESS WIRE)–Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that it plans to release its results for the fourth quarter and full year 2020 after the close of the New York Stock Exchange (NYSE) on Thursday, February 18.

The following morning, on Friday, February 19, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, president and chief executive officer, and other members of management will present.

The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as

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Beyond Commerce Names Peter Stazzone as Chief Financial Officer

2 months ago Amanda T. Noriega

LAS VEGAS, NV / ACCESSWIRE / February 8, 2021 / Beyond Commerce, Inc. (OTC PINK: BYOC ) (the “Company”), a provider of B2B internet marketing analytics, technologies and services, is pleased to announce the appointment of Peter Stazzone as its Chief Financial Officer. Mr. Stazzone has more than 25 years experience in finance, operations management, and accounting within start-ups, high growth and multi-billion dollar organizations. Stazzone has been a member of the Beyond Commerce Board of Directors and Chairman of the Audit Committee since 2018.

Geordan Pursglove, Beyond Commerce’s Chief Executive Officer, commented, “We are extremely excited to have Mr. Stazzone join us in a full-time role as Chief Financial Officer. His diverse range of experience from finance to operations at start-ups through high growth situations and multi-billion dollar companies will be invaluable to us as we continue to grow our business organically and through strategic acquisitions and seek

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Murphy Business & Financial Corporation LLC Welcomes Fairfax Office

2 months ago Amanda T. Noriega

VIENNA, Va., Jan. 26, 2021 /PRNewswire/ — Murphy Business & Financial Corporation LLC, North America’s leading, full-service business brokerage firm with more than 160 offices in the United States and Canada, recently announced the opening of a Virginia office with its newest location in Fairfax, Virginia. The Fairfax office offers a full range of business brokerage services for all local business owners seeking to buy, sell or value a business.

ELIZABETH KORONDY launched the Murphy Business office to provide one of the state’s most comprehensive business brokerage services. The Murphy Business Sales of Fairfax office supports small to medium-sized businesses with the sale of their businesses, commercial real estate, valuations and mergers and acquisitions.

Overall, nothing makes Elizabeth happier than being a valuable resource for others to reach their business buying and/or selling objectives. She has a true passion for her career, values integrity, and trust, and

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