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APOLLO GLOBAL INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Apollo G
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Apollo Global Management, Inc. (NYSE: APO). On October 12, 2020, The New York Times reported that the Company’s CEO, Leon Black, had an extensive business relationship with convicted sex offender Jeffrey Epstein, including at least $75 million in payments that Mr. Black had paid Epstein in the years after Epstein was convicted in 2008 of soliciting prostitution from a teenage girl, resulting in an outside review ordered by the Company’s board. Then, on January 25, 2021, the Company disclosed that Black would step down as CEO but would remain on the Board. KSF’s investigation is focusing on whether Apollo’s officers and/or directors breached their fiduciary duties to Apollo’s shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Sequential shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-apo/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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MULTIPLAN CORPORATION SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess Of $100,0
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 26, 2021 to file lead plaintiff applications in a securities class action lawsuit against MultiPlan Corporation f/k/a Churchill Capital Corp. III (“Churchill”) (NYSE: MPLN), if they purchased the Company’s securities between July 12, 2020 and November 10, 2020, inclusive (the “Class Period”) and/or were holders of Churchill Class A common stock entitled to vote on Churchill’s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries completed in October 2020. This action is pending in the United States District Court for the Southern District of New York. What You May Do If you purchased securities of MultiPlan f/k/a Churchill Capital Corp. III or held Churchill Class A common stock as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-mpln/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 26, 2021. About the Lawsuit MultiPlan f/k/a Churchill Capital Corp. III and certain of its executives are charged with failing to disclose material information in connection with the merger and during the Class Period, violating federal securities laws. On July 12, 2020, Churchill announced that it had entered into an agreement to merge with MultiPlan, subject to approval by Churchill stockholders, which subsequently was completed and closed on October 8, 2020. On November 11, 2020, Muddy Waters issued a scathing report on Churchill III alleging that MultiPlan was in the process of losing its largest client, UnitedHealthcare, which was estimated to cost the Company up to 35% of its revenues and 80% of its levered free cash flow within two years, that MultiPlan had obscured its deteriorating financial position in presentations to investors, and other negative revelations. On this news, shares of Churchill plummeted. The case is Srock v. MultiPlan Corporation, No. 21-cv-01640. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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FIRST AMERICAN FINANCIAL INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into First American Financial Corp. (“FAF”) (NYSE: FAF). On May 24, 2019, KrebsOnSecurity.com reported a massive data exposure by FAF involving approximately 885 million customer files. Then, on October 22, 2020, FAF disclosed that, in relation to the 2019 data security breach, “[i]n September 2020, the Company received a Wells Notice informing the Company that the [Securities and Exchange Commission] enforcement staff has made a preliminary determination to recommend a filing of an enforcement action by the SEC against the Company.” The Company has been sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws, which remains ongoing. KSF’s investigation is focusing on whether FAF’s officers and/or directors breached their fiduciary duties to FAF’s shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of FAF shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-faf/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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SORRENTO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Sorrento Ther
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Sorrento Therapeutics, Inc. (NasdaqGS: SRNE). On May 15, 2020, news sources reported that the Company had announced discovery of the STI-1499 antibody, which it described as providing “100% inhibition” of the COVID-19 virus. On the same day, the company’s founder and Chief Executive Officer Henry Ji was quoted in a media report characterizing that development as a “cure.” Over the next several days, investor media sources expressed intense skepticism on the Company’s claims, including Hindenburg Research, which reported that Ji had “walked back his comments about having a cure” in an interview with BioSpace, an online life science industry news outlet. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing. KSF’s investigation is focusing on whether Sorrento’s officers and/or directors breached their fiduciary duties to Sorrento’s shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Sorrento shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-srne/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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INOVIO INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Inovio Pharmace
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Inovio Pharmaceuticals Inc. (NasdaqGS: INO). On March 9, 2020 Citron Research published a statement highlighting the Company’s “ludicrous and dangerous claim that they designed a [COVID-19] vaccine in 3 hours” and calling for an SEC investigation into the claims. That same day, the Company disclosed that its purported COVID-19 vaccine, which had been developed “within three hours,” was not a fully-fledged vaccine at all, but merely a construct for a vaccine. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing. KSF’s investigation is focusing on whether Inovio’s officers and/or directors breached their fiduciary duties to Inovio’s shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Inovio shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-ino/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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NIKOLA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Nikola Corporat
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Nikola Corporation (NasdaqGS: NKLA, NKLAW) f/k/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU). On September 10, 2020, Hindenburg Research published a report alleging that evidence showed the Company was “an intricate fraud built on dozens of lies.” Subsequently, it was reported that the Company was the subject of probes by both the U.S. Securities and Exchange Commission and the Justice Department. Then, on September 21, 2020, the Company announced the sudden resignation of Founder and Executive Chairman, Trevor Milton. Recently, the Company disclosed that its internal investigation had found that Milton had made several “inaccurate” claims about the Company’s business and products. The Company has been sued in several securities class action lawsuits for failing to disclose material information, violating federal securities laws, which have been consolidated and remain ongoing. KSF’s investigation is focusing on whether Nikola’s officers and/or directors breached their fiduciary duties to Nikola’s shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of Nikola shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-nkla/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contacts Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner lewis.kahn@ksfcounsel.com1-877-515-1850
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Lost Money in Ebix, Inc.? Lawsuit Filed
Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.--(BUSINESS WIRE)--$EBIX--Ebix Inc. shares fell as much as 27% after the market closed on Friday, February 19, 2021 and a proposed class action lawsuit has now been filed. Ebix’s share price plunged following the disclosure that its independent auditor, RSM US LLP (“RSM”), resigned. RMS stated in a letter that it was resigning over concerns with Ebix’s gift card business in India. Gibbs Law Group is investigating a potential Ebix Inc. Class Action Lawsuit on behalf of investors who lost money in Ebix (NASDAQ:EBIX). To speak with an attorney regarding this class action lawsuit investigation, Click Here or call (888) 410-2925. On Friday, February 22, 2021, Ebix’s independent auditor RSM issued a letter stating that it was resigning over its inability to obtain “sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020.” In addition, RSM stated that there was a material weakness related to Ebix’s failure to design controls to “prevent or detect a material misstatement." Ebix and RSM also disagreed over the accounting treatment of $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel in December 2020. On this news, Ebix’s share price fell as much as 27% during after-hours trading on Friday, February 19, 2021 and continued to drop as much as 40% on Monday, February 22, 2021, thereby harming investors. What Should Ebix, Inc. Investors Do? If you invested in Ebix, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Ebix, Inc. has violated federal securities laws. About Gibbs Law Group Gibbs Law Group represents individual and institutional investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under 40.” This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts CONTACT: CATHERINE CONROY PHONE: 510.350.9705 EMAIL: CRC@CLASSLAWGROUP.COM
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AGEAGLE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against AgEagle Aerial Systems, Inc. and Encourages In
NEW YORK--(BUSINESS WIRE)--#AgEagle--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased AgEagle Aerial Systems, Inc. (NYSE: UAVS) securities between September 3, 2019 and February 18, 2021, inclusive (the “Class Period”). Investors have until April 27, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On October 14, 2020, news broke that Amazon did not have a partnership agreement with AgEagle, and in fact never did. The Wichita Business Journal published a story with the headline: “Exclusive: Who’s AgEagle’s big customer? We now know who it’s not.” On this news, shares of AgEagle, fell $5.13, or 36.4%, to close at $8.96 on February 18, 2021, damaging investors. The complaint, filed on February 26, 2021, alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; (2) rather than correct the public’s understanding about a partnership with Amazon, defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and (3) as a result, defendants’ statements about AgEagle’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you purchased AgEagle securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Melissa Fortunato, Esq. Marion Passmore, Esq. (212) 355-4648 investigations@bespc.comwww.bespc.com
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Executive Network Partnering Corporation Files Preliminary Proxy for Special Meetings to Consider Stock Split
BOSTON--(BUSINESS WIRE)--Executive Network Partnering Corporation (the “Company” or “ENPC”) (NYSE: ENPC, ENPC.U, and ENPC WS) today filed a preliminary proxy statement on Schedule 14A (the preliminary proxy statement) with the U.S. Securities and Exchange Commission (SEC) to hold special meetings of stockholders and warrant holders to authorize a potential stock split (2.5 shares for every one share) of ENPC’s Class A common stock and to approve related changes to the warrant agreement (the special meetings). If effectuated, the stock split would result in an increase in the number of shares of Class A common stock outstanding and thereby decrease the trading price of ENPC’s Class A common stock. ENPC anticipates that the stock split and related matters, if effectuated, will allow easier comparison to the trading prices of the securities of other special purpose acquisition companies. If both the proposed stock split and warrant amendments are effectuated, then each share of Class A common stock and warrant to purchase a share of Class A common stock will turn into 2.5 shares of Class A common stock and 2.5 warrants (with an exercise price of $11.50) respectively and each holder of a CAPS™ (the unit that currently is made up of a share of Class A common stock and 1/4 of a warrant to purchase a share of Class A common stock at $28.75) will end up with a share of Class A common stock and 1/4 of one warrant in such unit and will separately receive 1.5 shares of Class A common stock and 3/8th of a warrant. These warrants after the amendment will be warrants to purchase a share of Class A common stock at $11.50. ENPC expects to hold the special meetings in late March 2021. The proposed stock split amendment would adjust the terms of the Class B common stock solely to adjust for the split of the Class A common stock. Additional Information and Where to Find it: This communication is being made in respect of the proposed special meeting of the stockholders and warrant holders of ENPC which filed with the SEC the preliminary proxy statement, and will file other documents regarding the special meetings with the SEC. Following the filing of the preliminary proxy statement and any SEC review thereof, if any, ENPC will mail the definitive proxy statement (the definitive proxy statement) to its stockholders. Before making any voting decision regarding the matters to be presented at the special meetings, stockholders are advised to read the preliminary proxy statement and, when available, the definitive proxy statement in connection with the solicitation for proxies for the special meetings, because these statements will contain important information. The definitive proxy statement will be mailed to stockholders and warrant holders as of a record date to be established for voting on the matters to be presented at the special meetings. Participants in the Solicitation ENPC and its directors and its executive officers, may under the rules of the SEC, be considered participants in the solicitation of proxies with respect to the special meetings. Information about the directors and executive officers of ENPC and a description of their interests in ENPC and the matters to be presented at the special meetings are contained in the preliminary proxy statement and definitive proxy statement, each as filed with the SEC. Caution Concerning Forward Looking Statements This press release may contain forward-looking statements made in reliance upon the safe harbor provisions the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company’s proposed special meetings, and can be identified by the use of words such as “may,” “intend,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance and are dependent on many factors including market reaction to the proposed actions set forth above and any review by the SEC. Contacts Alex Dunn Chief Executive Officer AJD@enpc.co(857) 362-9205
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Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 5.875% Senior Notes Due 2024
CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 5.875% senior notes due 2024 (the “2024 Notes”) expired at 5:00 p.m., New York City time, on February 26, 2021 (the “Expiration Time”). As of the Expiration Time, $102,817,000 aggregate principal amount of the 2024 Notes (or 44.70% of the total aggregate principal amount of the 2024 Notes outstanding) were validly tendered, which excludes $396,000 aggregate principal amount of the 2024 Notes (or 0.17% of the total aggregate principal amount of the 2024 Notes outstanding) that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated February 22, 2021 (the “Offer to Purchase”). The Company expects to accept for payment all such 2024 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2024 Notes on March 1, 2021, or, in the case of 2024 Notes validly tendered and accepted for purchase pursuant to the guaranteed delivery procedures, on March 3, 2021, in each case, subject to the closing of the Company’s previously announced debt financing transaction and the satisfaction or waiver by the Company of the other conditions listed in the Offer to Purchase. Following the consummation of the Tender Offer, the Company intends to redeem any 2024 Notes not validly tendered and purchased in the Tender Offer, at a redemption price equal to 102.938% of the principal amount redeemed, plus any accrued and unpaid interest to the redemption date. Goldman Sachs & Co. LLC is acting as the dealer manager for the Tender Offer. The information agent and tender agent is D.F. King & Co., Inc. Copies of the Offer to Purchase are available at www.dfking.com/cde or by contacting the information agent at (800) 859-8509 (toll free) or (212) 269-5550 (collect) or by email at cde@dfking.com. Questions regarding the Tender Offer should be directed to Goldman Sachs & Co. LLC at (800) 828-3182. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the securities described herein or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release does not constitute a notice of redemption under the optional redemption provisions of the Indenture relating to the 2024 Notes. About Coeur Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, the Company has interests in several precious metals exploration projects throughout North America. Note Regarding Forward-Looking Statements The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, statements regarding the Company’s intentions, expectations or beliefs regarding the Tender Offer, the Company’s previously announced debt financing transaction or any redemption of the 2024 Notes. The Company’s current expectations and beliefs are expressed in good faith and the Company believes there is a reasonable basis for them. There can be no assurance, however, that future developments affecting the Company will be those that the Company has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contacts For Additional Information Coeur Mining, Inc. 104 S. Michigan Avenue, Suite 900 Chicago, Illinois 60603 Attention: Paul DePartout, Director, Investor Relations Phone: (312) 489-5800
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Teledyne to Hold Investor Meetings
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Executive Vice President, will be holding virtual investor meetings at the following investor conferences: Berenberg Industrial Technologies Conference Tuesday, March 2, 2021 BofA Global Research Global Industrials Conference Wednesday, March 17, 2021 Teledyne’s latest investor presentation is publicly available on the company’s website. Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com. Additional Information and Where to Find It In connection with the proposed transaction between Teledyne and FLIR, Teledyne will file with the SEC a Registration Statement on Form S-4 that will include a joint proxy statement of Teledyne and FLIR and a prospectus of Teledyne, as well as other relevant documents concerning the proposed transaction. The proposed transaction involving Teledyne and FLIR will be submitted to Teledyne’s stockholders and FLIR’s stockholders for their consideration. Stockholders of Teledyne and stockholders of FLIR are urged to read the registration statement and the joint proxy statement/prospectus regarding the transaction when they become available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. Stockholders will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about Teledyne and FLIR, without charge, at the SEC’s website (http://www.sec.gov). Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Teledyne, Attn: Investor Relations, 1049 Camino Dos Rios, Thousand Oaks, California 91360, or to FLIR, Attn: Corporate Secretary, 1201 S Joyce St, Arlington, Virginia 22202. Participants in the Solicitation Teledyne, FLIR and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding Teledyne’s directors and executive officers will be available in its definitive proxy statement for its 2021 Annual Meeting, which is expected to be filed with the SEC on or about March 8, 2021, and this Annual Report on Form 10-K. Information regarding FLIR’s directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2020, which was filed on February 25, 2021. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described in the preceding paragraph. No Offer or Solicitation This communication shall not constitute an offer to sell or the solicitation of an offer to sell or an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Cautionary Statement Regarding Forward Looking Statements Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. The forward-looking statements contained herein may include statements about the expected effects on Teledyne of the proposed acquisition of FLIR, the anticipated timing and scope of the proposed transaction, anticipated earnings enhancements, estimated cost savings and other synergies related to the proposed transaction, costs to be incurred in achieving synergies, anticipated capital expenditures and product developments, and other strategic options. Forward-looking statements generally are accompanied by words such as “projects”, “intends”, “expects”, “anticipates”, “targets”, “estimates”, “will” and words of similar import that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future. Actual results could differ materially from these forward-looking statements. Many factors could change anticipated results, including: ongoing challenges and uncertainties posed by the COVID-19 pandemic for businesses and governments around the world; the occurrence of any event, change or other circumstances that could give rise to the right of Teledyne or FLIR or both to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Teledyne or FLIR in connection with the merger agreement; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction) or stockholder approvals or to satisfy any of the other conditions to the proposed transaction on a timely basis or at all; the failure to obtain the debt portion of the financing for the proposed transaction; the inability to complete the acquisition and integration of FLIR successfully, to retain customers and key employees and to achieve operating synergies, including the possibility that the anticipated benefits of the proposed transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Teledyne and FLIR do business; the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the parties’ ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; changes in relevant tax and other laws; the inability to develop and market new competitive products; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with U.S. GAAP and related standards; operating results of FLIR being lower than anticipated; disruptions in the global economy; the spread of the COVID-19 virus resulting in production, supply, contractual and other disruptions, including facility closures and furloughs and travel restrictions; customer and supplier bankruptcies; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by the COVID-19 pandemic; impacts from the United Kingdom’s exit from the European Union; uncertainties related to the policies of the new U.S. Presidential Administration; the imposition and expansion of, and responses to, trade sanctions and tariffs; escalating economic and diplomatic tension between China and the United States; and threats to the security of our confidential and proprietary information, including cyber security threats. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, and new regulations or restrictions relating to energy production, including with respect to hydraulic fracturing, could further negatively affect our businesses that supply the oil and gas industry. Disruptions from the production delay of Boeing’s 737 Max aircraft and continued weakness in the commercial aerospace industry will negatively affect the markets of our commercial aviation businesses. In addition, financial market fluctuations affect the value of the Company's pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the Company participates. While Teledyne’s growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain customers and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses outside of the United States, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations. We continue to take action to assure compliance with the internal controls, disclosure controls and other requirements of the Sarbanes-Oxley Act of 2002. While we believe our control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and may not be detected. Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s Annual Report on Form 10-K for the year ended January 3, 2021, which is on file with the SEC and available in the “Investors” section of Teledyne’s website, www.teledyne.com, under the heading “Investor Information” and in other documents Teledyne files with the SEC, and in FLIR’s Annual Report on Form 10-K for the year ended December 31, 2020, which is on file with the SEC and available on the “Investor Relations” page of FLIR’s website, www.flir.com, under the heading “Filings and Financials” and in other documents FLIR files with the SEC. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Teledyne nor FLIR assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. Contacts Jason VanWees (805) 373-4542
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LightJump Acquisition Corporation Announces the Separate Trading of its Class A Common Stocks and Warrants Commencing on March 2, 2021
NEW YORK--(BUSINESS WIRE)--LightJump Acquisition Corp. (NASDAQ: LJAQU) (“the company”) today announced that the holders of the Company’s units may elect to separately trade the Class A common stock and warrants underlying such units commencing on March 2, 2021. Those units not separated will continue to trade on the NASDAQ exchange under the symbol “LJAQU” and the Class A common stock and warrants that are separated are expected to trade on the NASDAQ exchange under the symbols “LJAQ” and “LJAQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants. A registration statement relating to the units and the underlying securities was declared effective by the U.S. Securities and Exchange Commission on January 8th, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made by means of a prospectus, copies of which may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200. This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About LightJump Acquisition Corp. LightJump Acquisition Corporation (Company) is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which the Company refer to as a “target business.” The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region although it intends to initially focus on technology and technology enabled businesses that directly or indirectly offer specific technology solutions or broader technology software and services. Contacts Robert Bennett Chief Executive Officer rbennett@lightjumpcapital.com
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KBRA Assigns Preliminary Ratings to Pagaya AI Debt Selection Trust 2021-1
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Selection Trust 2021-1 (“PAID 2021-1”), a consumer loan ABS transaction. This transaction is the second publicly rated securitization for Pagaya Investments US LLC (“Pagaya”). Pagaya is a 100% owned subsidiary of Pagaya Technologies Ltd., which is an Israeli corporation. Pagaya is a technology-based asset manager that uses data analytics and artificial intelligence to review and purchase certain unsecured consumer loans from marketplace lending (“MPL”) platforms, originating banks and automobile loans from some auto loan originators. PAID 2021-1 has initial credit enhancement levels of 29.50% for the Class A Notes, 18.50% for the Class B Notes and 10.50% for the Class C Notes. Credit enhancement consists of excess spread, overcollateralization, subordination (in the case of the Class A and B Notes) and a reserve account. PAID 2021-1 is a fully prefunded deal where there is no collateral funded at closing and the notes are initially supported by amounts deposited in the prefunding account. During the 183 day prefunding period, the amounts on deposit in the prefunding account will be used to purchase unsecured consumer loans, subject to eligibility criteria and concentration limits, from the following MPL platforms: LendingClub Bank, National Association (“LendingClub”); MF Consumer Loan Trust (“Marlette”); Prosper Funding LLC; and Upgrade, Inc (collectively, the “Platform Sellers”). In addition, Pagaya may purchase loans originated through a Platform Seller but which are held by its originating bank including LendingClub and Cross River Bank (“CRB”). Each Platform Seller will act as servicer for the loans originated through their platform. KBRA applied its Global Consumer Loan ABS Rating Methodology and Global Structured Finance Counterparty Methodology as part of its analysis of the transaction’s underlying collateral pool, the proposed capital structure and Pagaya’s historical gross loss data. KBRA has performed operational reviews of Pagaya and each of the Platform Sellers and has conducted surveillance on each platform’s recent securitizations. as well as a review of the transaction’s legal structure and transaction documents. KBRA will review the operative agreements and legal opinions for the transaction prior to closing. Click here to view the report. To access ratings and relevant documents, click here. Related Publications Global Consumer Loan ABS Rating Methodology Global Structured Finance Counterparty Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com. About KBRA Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Contacts Analytical Contacts William Carson, Senior Director (Lead Analyst) +1 (646) 731-2405 william.carson@kbra.com Pritam Patel, Associate +1 (646) 731-3374 pritam.patel@kbra.com Sandy Azer, Associate Director +1 (646) 731-1200 sandy.azer@kbra.com Eric Neglia, Senior Managing Director +1 (646) 731-2456 eric.neglia@kbra.com Rosemary Kelley, Senior Managing Director (Rating Committee Chair) +1 (646) 731-2337 rosemary.kelley@kbra.com Business Development Contact Ted Burbage, Managing Director +1 (646) 731-3325 ted.burbage@kbra.com
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SoftBank Group Announces Settlement Agreement with Adam Neumann and WeWork Special Committee
TOKYO--(BUSINESS WIRE)--SoftBank Group Corp. (“SoftBank”) today announced that it has entered into a settlement agreement with the Special Committee of the Board of Directors of WeWork Inc. (formerly referred to as The We Company) (“the Special Committee”) and WeWork’s founder, Adam Neumann. The terms of the settlement are confidential. When completed, the settlement agreement would resolve all claims brought in a lawsuit in the Delaware Court of Chancery, and is in the best interests of all parties. “This agreement is the result of all parties coming to the table for the sake of doing what is best for the future of WeWork. SoftBank and WeWork have spent the past year transforming the WeWork business and executing on our plan towards profitability. With this litigation behind us, we are fully focused on our mission to reimagine the workplace and continue to meet the growing demand for flexible space around the world.” -- Marcelo Claure, Executive Chairman of WeWork, CEO of SoftBank Group International, and Corporate Officer, Executive Vice President and COO of SoftBank About SoftBank Group The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing up to US$100 billion to help extraordinary entrepreneurs transform industries and shape new ones; the SoftBank Latin America Fund, the largest venture fund in that region, and the SB Opportunity Fund, a US$100 million fund dedicated to investing in enterprises founded by entrepreneurs of color in the U.S. To learn more, please visit https://global.softbank. Contacts SoftBank Sarah Lubman sarah.lubman@softbank.com
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Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
SAN FRANCISCO--(BUSINESS WIRE)--The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution. Ticker Fund name Distribution per share Frequency Change from prior distribution EAD Wells Fargo Income Opportunities Fund $0.05578 Monthly +$0.00001 ERC Wells Fargo Multi-Sector Income Fund $0.09142 Monthly -$0.00019 ERH Wells Fargo Utilities and High Income Fund $0.07067 Monthly -$0.00037 EOD Wells Fargo Global Dividend Opportunity Fund $0.12683 Quarterly -$0.00341 The following dates apply to today’s distribution declaration for each fund: Declaration date February 26, 2021 Ex-dividend date March 11, 2021 Record date March 12, 2021 Payable date April 1, 2021 These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan. The Wells Fargo Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective. The Wells Fargo Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income. The Wells Fargo Global Dividend Opportunity Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund’s secondary objective is long-term growth of capital. The final determination of the source of all distributions is subject to change and is made after year-end. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes. For more information on Wells Fargo’s closed-end funds, please visit our website. These closed-end funds are no longer engaged in initial public offerings, and shares are available only through broker-dealers on the secondary market. Unlike an open-end mutual fund, a closed-end fund offers a fixed number of shares for sale. After the initial public offering, shares are bought and sold through broker-dealers in the secondary marketplace, and the market price of the shares is determined by supply and demand, not by NAV, and is often lower than the NAV. A closed-end fund is not required to buy its shares back from investors upon request. High-yield, lower-rated bonds may contain more risk due to the increased possibility of default. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of international investing are magnified in emerging or developing markets. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry or sector. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts. When interest rates rise, the value of debt securities tends to fall. When interest rates decline, interest that a fund is able to earn on its investments in debt securities also may decline, but the value of those securities may increase. Changes in market conditions and government policies may lead to periods of heightened volatility in the debt securities market and reduced liquidity for certain fund investments. Interest rate changes and their impact on the funds and their NAVs can be sudden and unpredictable. The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of the NAV and the market price of common shares. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or to closely track. There are numerous risks associated with transactions in options on securities. Illiquid securities may be subject to wide fluctuations in market value and may be difficult to sell. Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA). This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan. Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances. PAR-0221-00650 INVESTMENT PRODUCTS: NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE WF-CF Contacts MediaRobert Julavits, 646-618-2790 robert.w.julavits@wellsfargo.com Shareholder inquiries1-800-730-6001 Financial advisor inquiries1-888-877-9275
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INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against MoneyGram International, Inc. and Encourages Investors With Loss
LOS ANGELES--(BUSINESS WIRE)--$MGI #MGI--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MoneyGram International, Inc. (“MoneyGram” or “the Company”) (NASDAQ: MGI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MoneyGram is the subject of an article published by CoinDesk on February 22, 2021, titled: “MoneyGram Puts Relationship With Ripple’s XRP on Hold.” According to the article, “The money transfer company said Monday it ‘is not planning for any benefit from Ripple market development fees in the first quarter’ of 2021, a break from last year’s Q1 when MoneyGram banked $12.1 million in such fees.” The article continues, “Ripple has been paying MoneyGram to use the XRP token in international settlement since 2019 and first engaging in a pilot agreement with the service in 2018. Since then, MoneyGram has netted $61.5 million in ‘market development fees’ from Ripple.” Based on this news, shares of MoneyGram fell by 33% over the next two trading days. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. Contacts The Schall Law Firm Brian Schall, Esq. 310-301-3335 info@schallfirm.comwww.schallfirm.com
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Berry Global Group, Inc. Announces Pricing of Private Placement Notes Offering
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today the pricing of the private placement launched February 26, 2021, by its wholly owned subsidiary, Berry Global, Inc. (the “Issuer”). The Issuer will issue $775,000,000 of first priority senior secured notes due 2026 (the “New Notes”). The New Notes will be an additional issuance of the 1.57% First Priority Senior Secured Notes due 2026 issued pursuant to the indenture dated December 22, 2020 (the “Existing Notes”) and will be consolidated with and form a single series with the Existing Notes. The New Notes offered will have the same terms as the Existing Notes, other than the settlement date and offering price. The closing of the private placement offering is expected to occur on or about March 4, 2021. The New Notes will bear interest at a rate of 1.57%, payable semiannually, in cash in arrears, on January 15 and July 15 of each year, commencing on July 15, 2021. The New Notes will mature on January 15, 2026. The New Notes will be guaranteed by Berry and each of the Issuer’s existing and future direct or indirect domestic subsidiaries that guarantees the Issuer’s senior secured credit facilities, existing first priority secured notes and existing second priority senior secured notes, subject to certain exceptions. The New Notes and the guarantees thereof will be unsubordinated obligations of the Issuer and will rank equally in right of payment with all of the Issuer’s, and, in the case of the guarantees, to all of the guarantors’, existing and future unsubordinated debt. The guarantee by Berry will be unsecured. The New Notes will be secured on a second priority basis by liens (subject to certain exceptions and permitted liens) on accounts receivable, inventory and certain related assets that secure the Issuer’s revolving credit facility, and on a first priority basis by liens on the property and assets of the Issuer and the subsidiary guarantors that secure the Issuer’s senior secured term loan credit facility, subject to certain exceptions. As previously announced, the net proceeds from the offering are intended to prepay a portion of certain existing term loans of the Issuer and to pay certain fees and expenses related to the refinancing of such term loans and the offering. The New Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The New Notes have not been registered under the Securities Act or any state or other securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. Any offers of the New Notes will be made only by means of a private offering memorandum. About Berry Global At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging and engineered products that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry leading talent of 47,000 global employees across more than 295 locations, we partner with customers to develop, design, and manufacture innovative products with an eye toward the circular economy. The challenges we solve and the innovations we pioneer benefit our customers at every stage of their journey. For more information, visit our website at www.berryglobal.com. Forward Looking Statements Certain statements and information included in this release may constitute “forward looking statements” within the meaning of the federal securities laws. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “would,” “could,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “project,” “outlook,” “anticipates” or “looking forward,” or similar expressions that relate to our strategy, plans, intentions, or expectations. All statements we make relating to our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or to our expectations regarding future industry trends are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those that we expected. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations, which we refer to as cautionary statements, are disclosed in Berry’s filings with the U.S. Securities and Exchange Commission (the “SEC”). In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained herein may not in fact occur. Accordingly, readers should not place undue reliance on those statements. All forward-looking statements are based upon information available to us on the date hereof. All forward-looking statements are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contacts Berry Global Group, Inc.Media: Eva Schmitz, 812-306-2424 evaschmitz@berryglobal.comor Investors: Dustin Stilwell, 812-306-2964 dustinstilwell@berryglobal.com
