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Compare personal loans with $ 0 application fees

When applying for a personal loan, you could be billed hundreds of dollars for the privilege of approval alone.

Given that there are loans in the market that you don’t charge a fee for, why choose one that does? There are reasons for this, but being lazy and not comparing different personal loans shouldn’t be any of them.

Here are some personal loans with no application fees, as well as information on the average cost and the differences a no-fee loan can make.

Compare personal loans with no application fees

The following table shows a selection of personal loans with no application fees, sorted by interest rate (ascending).

What is a personal loan application fee?

The fee for applying for a personal loan, also known as a setup fee or just an upfront fee, is charged by lenders for the cost of arranging a personal loan for you. These costs can include paying employees, submitting and submitting documents, digitally evaluating your application, and more. This is a common charge on all types of loans and is often applied to both Home loan and Car loans.

See also: The various personal loan fees explained.

What are the personal loan application fees?

Personal loan application fees typically range from $ 0 to $ 600, although a few charge much more. But on average, personal loans cost an average of about $ 165 upfront fees, which can be around $ 270 when other “upfront fees” such as documentation or assessment fees are included. Other lenders instead charge a percentage of your borrowed amount as a fee, around 1-5% of the loan value.

The big four banks (Commonwealth Bank, ANZ, NAB, and Westpac) are charging an average of $ 388 for personal loan applications at the time of writing. This should give you an idea of ​​how much more you can pay if you don’t compare different options.

How many personal loans have no application fees?

Application fees are very common with personal loans. In a sample of more than 200 products, Savings.com.au research found there were only 21 personal loans that were charged a flat rate of $ 0 or 0%. That’s less than 10%.

Other personal loan fees are less common, but there’s a good chance a loan you compare may have an upfront fee on an application.

Are $ 0 loans cheaper?

“Cheaper” can be determined by many things, including how quickly someone pays off their loan. In terms of pure interest and fees, however, personal loans with no application fees appear to be cheaper overall.

Based on Savings’ research, this selection of zero application fee loans has, on average, lower interest rates compared to those that charge a fee. The average interest rate is 7.87% pa (per year) for loans with no upfront fee compared to 10.30% pa otherwise. The maximum interest rate for these loans is also 15% pa or 20.25% pa.

Comparing two average loans in terms of fees and interest rates results in two very different total amortizations for a $ 30,000 loan with a five-year term (fixed amortization):

Loan 1

Credit 2

interest rate

7.87% pa

10.30% pa

Prepayment

$ 0

$ 270

Monthly repayments

$ 606

$ 642

total cost

$ 6,386

$ 8,781

Based on this scenario (no ongoing repayments or additional repayments), Loan 1 would be nearly $ 2,400 cheaper over five years, which is nearly $ 40 per month. On average, loans with no application fees are cheaper, but that’s not a guarantee.

Related: Compare the cheapest personal loans

Fixed vs. variable personal loans

Personal loans can have fixed and variable repayments as well as Home loan and Car loans can. Like auto loans, fixed personal loans are more common, but scarce. Based on this sample of 200 previous loans (213 to be precise), just over half (112) have fixed repayments and 101 are variable.

In terms of fees, there isn’t much of a difference between the two. Both have loans with no application fees, while the average upfront fee is around $ 167 for fixed loans and $ 163.5 for variable loans. The maximum fee ($ 600) is for a fixed rate loan, but on average these loans are very similar in terms of application fees.

Secured vs. Unsecured Personal Loans

Secured personal loan fees are often lower than unsecured loan fees due to the lower risk to the lender.

What other personal loan fees are there?

Aside from the upfront fees, personal loans may require:

  1. Ongoing annual fees
  2. Monthly fees
  3. Other ongoing charges
  4. Documentation fees
  5. Stress test fees
  6. Early repayment fees
  7. Missed Repayment Fees
  8. Re-draw fees
  9. Break / early exit fees

Before taking out a personal loan, make sure you know what fees the lender charges by reading the Product Information Statement (PDS). Some of these fees are more common, like ongoing annual or monthly fees, while others are avoidable, like break fees, which can be much higher if you have to pay them.

The table below shows a selection of personal loans with no ongoing fees, sorted by interest rate (ascending).

There are very few personal loans that are absolute zero fees. Lender NOW FINANCE introduced a personal loan with no setup, ongoing, or early repayment fees last year – one of the few on the market – but only for loans under $ 15,000. There are only a handful of others, such as:

  • The Citi Personal Loan Plus
  • The Liberty Personal Loan
  • Police Credit Union solar eco loan
  • Unsecured personal loan from MoneyPlace

However, at the time of writing, some of these loans also charge late payment interest for failure to repay. Above Everyone the fees listed above, at least one is hidden in the general terms and conditions.

The two cents from Savings.com.au

While upfront fees can be expensive (often costing a few hundred dollars), they’re not the most important thing to consider. In the vast majority of cases, that would be the interest rate. Comparing the above two loans, most of the more than $ 2,000 difference in cost is due to the different interest rates. On a five-year loan with $ 0 in fees for everything, a good interest rate can make all the difference:

$ 30,000 loan

$ 50,000 loan

6% pa interest rate

$ 34,799

$ 57,998

10% pa interest rate

$ 38,245

$ 63,741

15% pa interest rate

$ 42,822

$ 71,370

Look for a personal loan with a combination of a low interest rate and a low application fee, but prioritize the low interest rate first. The personal loan comparison rate can be a good indication of how cheap it really is, as it generally takes these upfront and ongoing fees into account.


Photo from DocuSign on Unsplash

When selecting the above products, the entire market was not considered. Rather, a stripped-down portion of the market was considered, including retail products from at least the four major banks, the ten largest customer-owned institutions, and Australia’s larger non-banks:

Some vendors’ products may not be available in all states.

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To learn how Savings.com.au handles potential conflicts of interest and how we are paid, please click through the website links.

*the Comparison rate is based on a $ 30,000 loan over 5 years. Caution: This comparison price applies only to this example and may not include all fees and charges. Different terms, fees or other loan amounts can lead to a different comparison rate.


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Personal Loans I Personal loans are quick but expensive. Keep EMI below 50% salary, other reviews for best deal

Personal loans are quick but expensive. Keep EMI Below 50% Salary, Other Reviews For Best Deal | Image credit: BCCL

Personal loans are unsecured loans that are easily accessible and come with significant interest costs. When you need cash for unavoidable personal needs in an instant, personal loans are the best. Because these loans are unsecured, lenders easily reject applications if found to be inconsistent with their established eligibility criteria.

When considering taking out a personal loan, there are a few factors to consider

Credit-worthiness: Maintaining a good score is the foundation of your ability to receive any loan, be it a loan. Four credit reporting agencies (CIC) or credit bureaus such as Equifax, Experian, CRIF High Mark and CIBIL TransUnion provide their own credit and detailed credit reports in India.

The credit score, ubiquitously referred to as the CIBIL score, is a three digit number in the 300-900 range that summarizes a person’s entire credit history. All credit bureaus give this score. A credit score of 700 and above is considered ideal. A higher credit rating indicates a good credit rating and responsible repayment behavior.

Ensuring healthy financial habits such as regular payment of equal monthly payments and credit card bills. The best loan offers are given to those who have a credit score greater than 750. If your creditworthiness is affected by a fraudulent or inaccurate entry, have this corrected immediately by notifying the affected CIC and the lenders.

Current Loans: Lenders also evaluate the applicant’s current loans to determine repayment eligibility. The ongoing loan EMIs, including the one applied for, must not exceed 50% of the applicant’s monthly income. This is an important factor that lenders consider before making a decision on a loan application. Another important factor is the employer’s profile.

Reduce credit requests: When you apply for a loan, the lender will ask your credit bureau to check your creditworthiness. A lender performs a “tough” credit check when applying for credit. This will have a minor impact on your creditworthiness. Applying to multiple lenders will affect your creditworthiness as it will make many inquiries about your creditworthiness.

Compare Loans Online: Personal loans are the most expensive in terms of interest rates, which can range from 9 to 24% per annum. It is advisable to avoid personal loans unless clearly necessary. Experts suggest that it is best for borrowers to check with banks or non-bank financial firms that they already have a relationship with first for better deals.


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Secured vs. Unsecured Lines of Credit

Secured vs. Unsecured Credit Lines: An Overview

A Credit Line (LOC) is a revolving loan which can be used for any purpose. The borrower can access the credit line at any time, repay it and borrow again up to a maximum limit set by the lender.

Lines of credit can be secured or unsecured, and there are significant differences between the two, such as: B. the interest rate paid by the borrower.

The central theses

  • A secured line of credit is guaranteed by collateral such as a home.
  • An unsecured line of credit is not guaranteed by any asset; One example is a credit card.
  • Unsecured loans always come with higher interest rates as they are riskier for lenders.

What is a secured line of credit?

When a loan is secured, the lender has one Lien against an asset owned by the borrower. This asset becomes collateral and can be used by the lender in the Failure. A common example is a Home mortgage or a car loan. The bank undertakes to lend the money while receiving collateral in the form of the house or the car.

Likewise, a company or individual can obtain a secured line of credit using assets as collateral. If the borrower defaults on payment, the bank may seize the collateral and sell it to make up for the loss. Since the bank is sure of getting their money back, a secured line of credit usually comes with a higher credit line and a significantly lower credit line interest rate as an unsecured line of credit.

A common version of a secured LOC is the Home Equity Line of Credit (HELOC). At a HELOC, money is borrowed against them equity capital in the house.

Both secured and unsecured lines of credit can have a huge impact on your business credit-worthiness. In general, if you use more than 30% of the credit limit, your credit score will go down.

What is an Unsecured Line of Credit?

A lender takes a higher risk in providing an unsecured line of credit. No assets of the borrower will be attached in the event of late payment. Unsurprisingly, unsecured lines of credit are harder to come by for both businesses and individuals.

For example, a company might want to open a line of credit to fund its expansion. The funds are to be repaid from future business income. Such loans are only eligible if the company is well established and has an excellent reputation. Even then, lenders compensate for the increased risk by capping the loan amount and charging higher interest rates.

Credit cards are essentially unsecured lines of credit. That’s one reason the interest rates are so high on it. If the cardholder defaults on payment, the credit card issuer cannot demand any compensation.

Secured credit line vs. unsecured credit line
Secured LOC Unsecured LOC
Guaranteed by collateral Not guaranteed by an asset
Lower interest rates than unsecured loans Riskier for lenders, so the interest rates are higher
If a borrower defaults, the lender can seize collateral Harder to get approved by lenders

Should I choose a secured or unsecured line of credit?

Whether or not you opt for a secured or unsecured line of credit depends in large part on why you are using it. For everyday purchases, an unsecured line of credit like a credit card can make the most sense.

An unsecured line of credit is usually not the best option when you need to borrow a lot of money. As mentioned earlier, unsecured loans are riskier for lenders and usually come with higher interest rates. Secured loans, on the other hand, are easier and cheaper to get.

The bottom line

Both secured and unsecured credit lines have advantages over other types of credit. They can be used flexibly and multiple times (or not used), with low minimum payments and without full payment claims, as long as the payments are current.


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Everi Launches Private Offering of $ 400.0 Million Unsecured Notes Due 2029

LAS VEGAS, June 28, 2021 / PRNewswire / – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a leading provider of land and digital casino gaming content and products, financial technology and player loyalty solutions, announced today that it intends, subject to market and other conditions, $ 400.0 million in the total notional amount of the senior unsecured notes due in 2029 (the “Notes”) in a Private Offering. The Notes are guaranteed by the Company and certain direct and indirect domestic subsidiaries of the Company on a senior unsecured basis.

Everi Holdings Inc. logo (PRNewsfoto / Everi Holdings Inc.)

The Company intends to use the proceeds of the Notes to repay in full its 7.50% Senior Unsecured Notes due 2025 and to pay related fees and expenses, and upon completion of the Refinancing of the Credit Facility described below, to repay a portion of the outstanding loans in accordance with its existing credit lines.

Upon completion of the Offering, the Company intends to enter into certain new credit facilities, the proceeds of which, together with cash, will be used to repay in full the remaining outstanding loans under its existing credit facilities (the “Refinancing through Credit Facilities”). The completion of the offering of the Notes is not dependent on the completion of the refinancing of the Credit Facility.

The Notes are only offered and sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and non-US persons under Regulation S of the Securities Act. The bonds and their guarantees will not be registered under the Securities Act or state securities laws and may not be offered or sold The United States lack of registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and does not constitute an offer or solicitation; or sale in any jurisdiction in which or to any person to whom any such offer, solicitation or sale is unlawful. All offers of the Notes will only be made by means of a private offer memorandum. This press release is issued in accordance with and in accordance with Rule 135c of the Securities Act. This press release contains information about pending transactions and there can be no guarantee that such transactions will complete.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. As used in this context, forward-looking statements often relate to our expected future business and financial performance and often include words such as “intend,” “expect,” “plan “,” well established “,” believe “,” aim “,” aim “,” future “,” estimate “,” foresee “,” strive for “,” can “,” should “or” will “and similar expressions, to identify forward-looking statements.

The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set out in our filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, our Annual Report on Form 10 – K for the past fiscal year December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports and are based on information available to us as of the date of this agreement.

These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained herein speak only as of the date of their publication and we do not intend or assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events or otherwise.

This press release should be read in conjunction with our most recent reports on Form 10 – K and Form 10 – Q, as well as the information in our other filings with the SEC. Understanding the information contained in this document is important in order to fully understand our published financial results and our business outlook for future periods.

About Everi

Everi’s mission is to be the industry leader by redesigning the gaming experience. With a focus on player engagement and helping casino customers run more efficiently, the company develops entertaining game content and slot machines, gaming systems and services for land-based and iGaming operators. The company is also the leading provider of trusted financial technology solutions that power the casino space while improving operational efficiencies and meeting regulatory compliance requirements, as well as regulatory and intelligence software.

Investor Relations Contacts:

Everi Holdings Inc.

JCIR

William pound

Richard Land, James Leahy

SVP, Investor Relations

212-835-8500 or [email protected]

702-676-9513 or [email protected]

Cision

Cision

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SOURCE Everi Holdings Inc.


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TitleMax Challenges New Dallas Payday Loan Regulation

By Katie Buehler (Apr 13, 2021, 9:18 PM EDT) – TitleMax petitioned a Texas court on Friday to ban the city of Dallas from enforcing new restrictions on payday loans and repayment plans, arguing the city had exceeded its powers when They passed an amended regulation designed to help its citizens avoid predatory lenders.

TitleMax of Texas Inc. and lenders Ivy Funding Co. LLC and NCP Finance LP allege in a lawsuit in Dallas County District Court that an amended ordinance, unanimously approved by the Dallas City Council in January, is prevented by and against state law The proper procedure violates the laws and regulations of the Texas Constitution or the United States Constitution.

The regulation is …

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STAG Industrial is issuing $ 325 million in senior unsecured debt

BOSTON, July 8, 2021 / PRNewswire / – STAG Industrial, Inc. (the “Company”) (NYSE: STAG) announced today that it has entered into a Schuldschein agreement to issue $ 325 million of Fixed Income Senior Unsecured Notes in a private placement offering with a weighted average interest rate of 2.82% as of the issue date. The transaction consists of $ 275 million of 2.80% bonds with a term of ten years due on September 29, 2031, and $ 50 million of 2.95% Bonds with a term of twelve years due on September 28, 2033.

STAG industry logo. (PRNewsFoto / STAG Industrial, Inc.)

The Company expects the Offer to close on or at September 28, 2021.

The Notes have not been and will not be registered under the Securities Act of 1933 or the securities laws of any state or other jurisdiction and may not be offered or sold in the The United States or any other jurisdiction without registration or exemption from the registration requirements of the Securities Act of 1933 and the applicable securities laws of any state or other jurisdiction.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on buying, owning and operating industrial real estate with a single tenant. The United States. away March 31, 2021, the company’s portfolio consists of 494 buildings in 39 states with approximately 99.1 million square feet of lettable space.

For more information, please visit the company’s website at www.stagindustrial.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disclosed by the company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends that such forward-looking statements will be subject to the safe harbors for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for the purpose of complying with those safe harbors. Forward-looking statements, which are based on certain assumptions and describe the company’s future plans, strategies and expectations, are generally identified by the use of the words “believe”, “will”, “expect”, “intend”, “anticipate”, “estimate” “,“ Should ”,“ project ”or similar expressions. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that, in some cases, are beyond the control of the company and that could materially affect actual results, performance or achievements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company’s Annual Report on Form 10-K for the past year December 31, 2020 as updated by the company’s quarterly reports on Form 10-Q. Accordingly, there is no guarantee that company expectations will be met. Unless otherwise required by federal securities laws, the Company disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein (or elsewhere) to reflect changes in Company expectations regarding this or changes in events Conditions or circumstances on which such a statement is based.

Source: STAG Industrial, Inc.

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SOURCE STAG Industrial, Inc.


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Transcontinental Inc. Announces Private Offering of $ 250 Million Senior Unsecured Notes

MONTREAL, July 07, 2021 (GLOBE NEWSWIRE) – Transcontinental inc. (TSX: TCL.A TCL.B) announced today that it has made an offer of $ 250 million in aggregate face value of 2.28% senior unsecured notes due in July 2026 (“the Notes”).

The bonds are being issued through an agency consortium consisting of BMO Capital Markets Inc., CIBC World Markets Inc., Scotia Capital Inc. as Joint Bookrunners and including Desjardins Securities Inc., National Bank Financial Inc., TD Securities Inc. and Casgrain & Limited Company Liability.

The offering is expected to end on or about July 12, 2021, subject to customary closing conditions. Transcontinental Inc. intends to use the net proceeds of the offering to repay existing debt, including the November 1st tranche of the term loansNS, 2021, and other general corporate purposes.

“The bond offer announced today will provide the company with additional financial flexibility to implement its growth strategy. The current environment, supported by a strong balance sheet, offers the company the opportunity to secure financing at an attractive level,” said Donald LeCavalier, Chief Financial Officer of Transcontinental Inc.

The Notes are direct unsecured debt of Transcontinental Inc. and will rank pari passu with all other unsecured and unsubordinated debt of Transcontinental Inc. The Notes are being offered in Canada in a private placement in reliance on exemptions from the prospectus requirements under applicable securities legislation.

The Notes have not been and will not be approved for sale to the public under applicable securities laws in Canada and accordingly all offers and sales of the Notes in Canada are made on a basis that is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States in the absence of registration under the US Securities Act or any applicable exemption from registration requirements under the US Securities Act. This press release constitutes neither an offer to sell nor a solicitation of an offer to buy, nor may there be an offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction in which this is unlawful.

About TC Transcontinental

TC Transcontinental is a leader in flexible packaging in North America and Canada’s largest printing company. The company is also Canada’s leading publishing group for French-speaking educational institutions. For over 45 years, TC Transcontinental’s mission has been to develop high quality products and services that enable companies to attract, reach and retain their target customers.

Respect, teamwork, performance and innovation are the strong values ​​of the company and its employees. TC Transcontinental’s commitment to its stakeholders is to conduct its business in a responsible manner.

Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has nearly 8,000 employees, most of whom are based in Canada, the United States, and Latin America. TC Transcontinental achieved sales of approximately CAD 2.6 billion in the fiscal year ended October 25, 2020. For more information, please visit the TC Transcontinental website at www.tc.tc.

Forward-Looking Statements

Our public announcements often contain oral or written forward-looking statements that are based on management’s expectations and that are inherently subject to a number of known and unknown risks and uncertainties. By their very nature, forward-looking statements are based on both general and specific assumptions. The company cautions against placing undue reliance on such statements, as actual results or events could differ materially from the expectations expressed or implied. Forward-looking statements may include observations about the company’s goals, strategy, expected financial results, and business prospects. The future performance of the company can also be influenced by a number of factors, many of which are beyond the will or control of the company. These factors include, but are not limited to, the economic climate in the world, structural changes in the industries in which the company operates, the impact of the development and adoption of digital products on the demand for retail-related services and other printed products, the company’s ability to produce organic Generating growth in highly competitive industries, the company’s ability to complete and properly integrate acquisitions in the packaging industry, the inability to maintain or improve operational efficiencies, and avoid disruptions that could affect deadlines, cybersecurity and privacy , the political and social environment as well as regulatory and legislative changes, especially with regard to the environment and house-to-house distribution, changed consumption habits, especially in connection with questions of sustainable development g and the use of certain products or services such as door-to-door distribution, change in consumption habits or loss of a large customer, customer consolidation, the safety and quality of its packaging products that are used in the food industry, the protection of its intellectual property rights, the exchange rate, the Availability of capital at a reasonable price, bad debts from certain customers, import and export controls, raw material and transportation costs, recruitment and retention of qualified personnel in certain geographic areas and industrial sectors, taxation, interest rates and the effects of the COVID-19 pandemic the operations, facilities and financial results, changes in consumption habits of consumers and changes in the operational and financial condition of the company’s customers due to the COVID-19 pandemic and the effectiveness of the plans and actions taken in response n. The key risks, uncertainties, and factors that could affect actual results are discussed in the Discussion and analysis of the management for the year ending October 25, 2020 and at the latest Annual information form.

Unless otherwise specified by the company, forward-looking statements do not take into account the potential effects of one-time or other unusual events, or any disposal, business combination, merger or acquisition announced or entered into after the date of July November 2021. The forward-looking statements in this press release are made in accordance with the “Safe Harbor” provisions of applicable Canadian securities laws. The forward-looking statements in this press release are based on current expectations and information available as of July 7, 2021. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. Management of the company disclaims any intention or obligation to update or revise these statements unless the securities authorities request otherwise.

NOT FOR PUBLICATION VIA US NEWS SERVICES OR DISTRIBUTION IN THE UNITED STATES

For information:

media

Financial community

Patricia Lemoine

Yan Lapointe

Manager, External Communication and Public Affairs

Director, Investor Relations

TC Transcontinental

TC Transcontinental

Phone: 514-954-2805

Phone: 514-954-3574

[email protected]

[email protected]


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Summit Industrial Income REIT Announces $ 225 million unsecured debt offering

THIS PRESS RELEASE IS A “SPECIFIC NEWS RELEASE” FOR THE PURPOSE OF THE INDUSTRIAL INCOME REIT’S SUMMIT SUPPLEMENT OF THE PROSPECTUS JUNE 21, 2021 TO HIS BASIC RULE BROCHURE OF THE DATA JUNE 21, 2021

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

TORONTO, July 12, 2021 / CNW / – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has agreed to the issue (the “Offer”) $ 225 million Total notional amount of the D Series Senior Unsecured Notes (the “Notes”). The Notes are issued at a price of $ 999.68 Per $ 1,000 Nominal amount of which interest at 2.44% pa and is due July 14, 2028. Offer is expected to close on or approximately July 14, 2021, subject to certain customary closing conditions being met.

Summit intends to use the net proceeds of the Offering to prepay existing fixed income debt maturing in 2028 and 2029 at a weighted average rate of approximately 4.0% and for general escrow purposes.

The Notes are being offered by a consortium of agents led by BMO Nesbitt Burns Inc. and National Bank Financial Inc. on a best-effort basis. DBRS Limited has a preliminary rating of “BBB (low)” with a “stable” trend on the Notes. It is a condition for the completion of the Offering that DBRS Limited assign the Notes a final rating of “BBB (low)” with a “stable” trend.

Summit makes the offer in Canada according to their base prospectus dated June 21, 2021. The terms of the offering are set out in a prospectus supplement to the base prospectus which is required to be filed with the Canadian securities regulatory authorities in each province and territory of the United States Canada and can be reached at www.sedar.com.

The bonds have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”), as amended, and may not be offered, sold or delivered, directly or indirectly The United States, or to or for the account or for the benefit of “US Persons” (as defined in Regulation S of the 1933 Act), lack of registration or an applicable exception to the registration requirements of the 1933 Act. This press release does not constitute an offer for sale or a solicitation to submit an offer to buy bonds in The United States or to or for the account of or for the benefit of US persons, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Over peaks
Summit Industrial Income REIT is an unregistered open-end trust focused on growing and managing a portfolio of light industrial real estate across the world Canada. Summit’s units are listed on the TSX and trade under the symbol SMU.UN. For more information, please visit our website at www.summitiireit.com.

Warning notices
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “can”, “will”, “project”, “should”, “believe”, ” Plans, “intends,” “goal” and similar expressions are intended to identify forward-looking information or statements. Forward-looking information may relate to future results, performance, successes, events, prospects or opportunities for the REIT or the real estate industry, prospects and expected events or results. Some of the specific forward-looking statements contained herein contain statements relating to the following: the REIT’s intention to complete the offering on the terms described herein; the size of the offer; the date on which the offer is expected to close; the expected final credit ratings for the Notes; the time for submitting the supplement to the prospectus; the use of the proceeds from the Offering and the plans, goals, strategies, intentions, beliefs, estimates, costs, goals, economic performance or expectations of the Summit or the assumptions underlying the foregoing.

A variety of factors, many of which are beyond the control of the REIT, affect the operations, performance, and results of the REIT and its business and could cause actual results to differ materially from current expectations of estimated or expected events or results . These factors include, but are not limited to, the risks discussed in the REIT’s filings from time to time with Canadian securities regulators www.sedar.com. Readers are cautioned to weigh these and other factors, uncertainties and potential events carefully, as there can be no guarantee that actual results will match any such forward-looking statements.

The information contained in forward-looking statements is based on certain material assumptions that were used in drawing conclusions or making a forecast or forecast, including general economic conditions. While management believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. By its very nature, forward-looking information is subject to various risks and uncertainties that could cause actual results and expectations to differ materially from expected results or expectations expressed, and given the impact of COVID-19 and government action to contain it, the REIT’s assumptions are naturally associated with more uncertainty compared to previous periods.

Readers are cautioned not to place undue reliance on this forward-looking information as of the date of this publication and not to use this forward-looking information for any purpose other than its intended purpose. Summit assumes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or for any other reason, except as required by law.

SOURCE Summit Industrial Income REIT

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Summit Industrial Income REIT announces the completion of its $ 225 million unsecured debt offering

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES/

TORONTO, July 14, 2021 / CNW / – Summit Industrial Income REIT (“summit” or the “REIT“) (TSX: SMU.UN) announced today that its previously announced offer (the”offer“) of $ 225 million in aggregate principal amount of D Series Senior Unsecured Notes (the”Bonds“). The bonds have a coupon of 2.44% per annum and are due on July 14, 2028.

Summit Industrial Income REIT Logo (CNW Group / Summit Industrial Income REIT)

The Notes were offered by a consortium of agents led by BMO Nesbitt Burns Inc. and National Bank Financial Inc. to the best of their ability. DBRS Limited has a final rating of “BBB (low)” with a “stable” trend on the Notes. The bonds were issued in accordance with a supplement to the prospectus dated July 12, 2021 to the base prospectus of Summit from June 21, 2021.

Summit intends to use the net proceeds of the offering to repay existing fixed income debt maturing in 2028 and 2029 at a weighted average rate of approximately 4.0% and for general trust purposes.

The bonds have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”), as amended, and may not be offered, sold or delivered, directly or indirectly The United States, or to or for the account or for the benefit of “US Persons” (as defined in Regulation S of the 1933 Act), lack of registration or an applicable exception to the registration requirements of the 1933 Act. This press release does not constitute an offer for sale or a solicitation to submit an offer to buy bonds in The United States or to or for the account of or for the benefit of US persons, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Over peaks
Summit Industrial Income REIT is an unregistered open-end trust focused on growing and managing a portfolio of light industrial real estate across the world Canada. Summit’s units are listed on the TSX and trade under the symbol SMU.UN. For more information, please visit our website at www.summitiireit.com.

Warning notices
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “can”, “will”, “project”, “should”, “believe”, ” Plans, “intends,” “goal” and similar expressions are intended to identify forward-looking information or statements. Forward-looking information may relate to future results, performance, successes, events, prospects or opportunities for the REIT or the real estate industry, prospects and expected events or results. Some of the specific forward-looking statements contained herein include statements regarding the use of the proceeds from the Offering and the plans, goals, strategies, intentions, beliefs, estimates, costs, goals, economic performance or expectations or assumptions made by any of the foregoing .

A variety of factors, many of which are beyond the control of the REIT, affect the operations, performance, and results of the REIT and its business and could cause actual results to differ materially from current expectations of estimated or expected events or results . These factors include, but are not limited to, the risks discussed in the REIT’s filings from time to time with Canadian securities regulators www.sedar.com. Readers are cautioned to weigh these and other factors, uncertainties and potential events carefully, as there can be no guarantee that actual results will match any such forward-looking statements.

The information contained in forward-looking statements is based on certain material assumptions that were used in drawing conclusions or making a forecast or forecast, including general economic conditions. While management believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. By its very nature, forward-looking information is subject to various risks and uncertainties that could cause actual results and expectations to differ materially from expected results or expectations expressed, and given the impact of COVID-19 and government action to contain it, the REIT’s assumptions are naturally associated with more uncertainty compared to previous periods.

Readers are cautioned not to place undue reliance on this forward-looking information as of the date of this publication and not to use this forward-looking information for any purpose other than its intended purpose. Summit assumes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or for any other reason, except as required by law.

SOURCE Summit Industrial Income REIT

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Everi announces the successful completion of $ 400.0 million senior unsecured notes due in 2029

LAS VEGAS, July 15, 2021 / PRNewswire / – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a leading provider of land and digital casino gaming content and products, financial technology and player loyalty solutions, announced today the successful completion of the previously announced offer of $ 400 million in the aggregate notional amount of its 5,000% Senior Unsecured Notes due 2029 which will be issued at face value (the “New Notes”). The new Notes are guaranteed by certain wholly owned subsidiaries of the Company.

Everi Holdings Inc. logo (PRNewsfoto / Everi Holdings Inc.)

The Company intends to use a portion of the proceeds from the New Notes to (i) fully repay its 7.50% Senior Unsecured Notes due 2025 (the “2025 Notes”) and (ii) all related fees and expenses pay. Upon completion of the Company’s previously announced expected new credit facilities in August 2021, the Company intends to use the remaining proceeds from the New Notes, along with the proceeds from such expected new credit facilities and cash, to (i) repay all outstanding loans under its currently existing credit facilities and to meet all obligations under its currently existing credit facilities quit; and (ii) pay all related fees and expenses.

The New Notes have been offered and sold only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and non-US persons under Regulation S of the Securities Act. The New Notes and their guarantees have not been and will not be registered under the Securities Act or state securities laws and may not be offered or sold The United States lack of registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the New Notes or any other security and does not constitute an offer, solicitation or sale in any jurisdiction in or to any person to whom such an offer is made , Solicitation or sale is illegal. All offers of the New Notes will only be made by means of a private offer memorandum. This press release is issued in accordance with and in accordance with Rule 135c of the Securities Act.

This press release does not constitute a notice of redemption under the bond for the 2025 bonds or an offer to offer or buy 2025 bonds or any other security.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements include statements about our intended use of proceeds and anticipated financing transactions, and often contain words such as “intended,” “anticipated,” “search.” “,” Expect “,” plan “,” believe “,” aim “,” aim “,” future “,” estimate “,” can “,” should “,” well positioned “or” will “and similar expressions, to identify forward-looking statements.

The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set out under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Operating Results” in our filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, our Annual Report on Form 10 – K for the past fiscal year December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports and are based on information available to us as of the date of this agreement.

These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained herein speak only as of the date of their publication and we do not intend or assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events or otherwise.

This press release should be read in conjunction with our most recent reports on Form 10 – K and Form 10 – Q, as well as the information in our other filings with the SEC. Understanding the information contained in this document is important in order to fully understand our published financial results and our business outlook for future periods.

About Everi
Everi’s mission is to be the industry leader through the power of people, imagination and technology. With a focus on player loyalty and helping casino customers run more efficiently, the company develops entertaining game content and slot machines, gaming systems and services for land-based and iGaming operators. The company is also the leading provider of trusted financial technology solutions that power the casino space while improving operational efficiency and meeting regulatory compliance requirements, including products and services that enable convenient and secure cash and cashless financial transactions, self-service Player retention tools and applications, as well as regulatory and intelligence software.

Investor Relations Contacts:

Everi Holdings Inc.

JCIR

William pound

Richard Land, James Leahy

SVP, Investor Relations

212-835-8500 or [email protected]

702-676-9513 or [email protected]

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SOURCE Everi Holdings Inc.


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