Month: January 2021

COVID-19 Impact and Recovery Analysis | ERP Software Market Procurement Intelligence Report Forecasts Spend Growth of over USD 23.04 billion

LONDON–(BUSINESS WIRE)–#apac–The ERP Software Market is poised to experience spend growth of more than USD 23.04 billion between 2021-2025 at a CAGR of over 9.20%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages Read the 120-page research report with TOC and LOE on …

Read more

AM Best Downgrades Issuer Credit Ratings of Members of Allstate Life Group; Comments on The Allstate Corporation and Other Subsidiaries

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “aa” and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Allstate Life Insurance Company and Allstate Assurance Company. In addition, AM Best has placed these Credit Ratings (ratings) under review with negative implications that could result in …

Read more

UNITE HERE Local 11 Announces Hotel Bel-Air Ordered to Pay $10s of Millions in Back Wages and Benefits, Offer Reinstatement to 139 Former Employees, and Recognize Union

National Labor Relations Board rejects hotel’s appeal, finds hotel violated federal labor law LOS ANGELES–(BUSINESS WIRE)–This week, the National Labor Relations Board—the federal agency that enforces labor law across the country—issued a decision ordering the Hotel Bel-Air to pay potentially tens of millions of dollars to cover over nine years of lost earnings and benefits …

Read more

NPC International Receives Court Approval for Second Amended Joint Chapter 11 Plan

Confirmation Follows Court Approval of Sale Transactions with Flynn Restaurant Group and Wendy’s International on January 20, 2021 Paves the Way for Completion of Chapter 11 Process LEAWOOD, Kan.–(BUSINESS WIRE)–NPC International, Inc. (“NPC” or the “Company”) announced today that it has achieved approval from the U.S. Bankruptcy Court for the Southern District of Texas (the …

Read more

CA Healthcare Acquisition Corp. Announces Closing of $115,000,000 Initial Public Offering

BOSTON–(BUSINESS WIRE)–CA Healthcare Acquisition Corp. (the “Company”) announced today the completion of its initial public offering of 11,500,000 units, including 1,500,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $115,000,000. The Company’s units commenced trading on …

Read more

KBRA Assigns Preliminary Ratings to Avoca CLO XXII DAC

LONDON–(BUSINESS WIRE)–Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to eight classes of notes to be issued by Avoca CLO XXII DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds. Avoca CLO XXII DAC is managed by KKR Credit Advisors (Ireland) Unlimited …

Read more

Oklahoma Health Care Authority Chooses UnitedHealthcare to Serve its Medicaid Beneficiaries

UnitedHealthcare enters the Oklahoma Medicaid market to offer beneficiaries preventive health and wellness programs and prescription drug plans OKLAHOMA CITY–(BUSINESS WIRE)–The Oklahoma Health Care Authority, which is partnering with managed care health plans to improve people’s health outcomes, increase access to care, and reduce health care costs, selected UnitedHealthcare Community Plan of Oklahoma to administer …

Read more

Gores Holdings VI, Inc. Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing February 1, 2021

BOULDER, Colo.–(BUSINESS WIRE)–Gores Holdings VI, Inc. (Nasdaq:GHVI) (the “Company”) announced that, commencing February 1, 2021, holders of the units sold in the Company’s initial public offering of 34,500,000 units completed on December 15, 2020 may elect to separately trade the shares of Class A common stock and warrants included in the units. Those units not …

Read more

Christina Sells West Los Angeles Property

MALIBU, Calif.–(BUSINESS WIRE)–Christina Development Corporation (“Christina”) announced today the sale of a three-story, 52-unit, multi-family project located at 8560 West Olympic Boulevard, Los Angeles, California (“Olympic”). Christina represented themselves in the sale transaction. This transaction represents one of many by Christina, who has been an active player in the Westside region of Los Angeles since …

Read more

Paycom Named One of the Nation’s Top Workplaces

OKLAHOMA CITY–(BUSINESS WIRE)–Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, ranked third on the inaugural 2021 Top Workplaces USA list of organizations with over 2,500 employees. “This award is a testament to our innovative coworkers, who even in challenging times continue to elevate our technology, service and culture,” said …

Read more

Acrisure Announces Pricing of Secured Notes Offering

GRAND RAPIDS, Mich.–(BUSINESS WIRE)–Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $700 million aggregate principal amount of 4.250% senior secured notes due 2029 (the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering, together with a portion …

Read more

AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2020 Dividend Distributions

NEW YORK–(BUSINESS WIRE)–AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”), a real estate investment trust (REIT), announced today the tax treatment of common and preferred stock dividends declared in 2020. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company. Stockholders should review …

Read more

Ladder Capital Corp Announces Tax Treatment of 2020 Dividends

NEW YORK–(BUSINESS WIRE)–Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2020 Class A common stock dividend payments. For the tax year ended December 31, 2020, the tax treatment of distributions paid in respect of Class A common stock is as follows: Record Date Payable Date Distribution per …

Read more

KKR Real Estate Finance Trust Inc. Tax Treatment of 2020 Dividends

NEW YORK–(BUSINESS WIRE)–KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its 2020 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.’s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2020:   …

Read more