Republic Bank & Trust Company

Cazoo Launches Exchange Offer Relating to Existing Convertible Notes

Retrieved on: 
Friday, November 3, 2023
General Automotive, Retail, Online Retail, Automotive, Reverse stock split, Expiration, Vii, Convertible, Regulation, CUSIP, Initial exchange offering, Person, Exit consent, Exchange offer, Note, Public offering, Republic Bank & Trust Company, Appendix, Date, Retirement, DTC, Exchange, Failure, Communication, SEC Rule 144A, National Association, Cryptocurrency, Security (finance), News & Notes

The obligation of the Company to complete the Exchange Offer is subject to certain conditions, including the receipt of Convertible Notes validly tendered (and not validly withdrawn) prior to the Expiration Deadline representing not less than 100% of the aggregate principal amount of Convertible Notes outstanding (the “Minimum Exchange Condition”).

Key Points: 
  • The obligation of the Company to complete the Exchange Offer is subject to certain conditions, including the receipt of Convertible Notes validly tendered (and not validly withdrawn) prior to the Expiration Deadline representing not less than 100% of the aggregate principal amount of Convertible Notes outstanding (the “Minimum Exchange Condition”).
  • If the Exchange Offer is not completed due to failure to satisfy the Minimum Exchange Condition, the Company will implement the Exchange Offer through an English restructuring plan or scheme of arrangement rather than through this Exchange Offer (a “Scheme Transaction”).
  • As a result, if holders of the Convertible Notes do not tender their Convertible Notes in the Exchange Offer or if the Exchange Offer is not completed due to the failure to satisfy the Minimum Exchange Condition, holders of Convertible Notes, subject to the sanction of the English court, will likely still be exchanged into the Offered Securities pursuant to a Scheme Transaction.
  • Requests for the Offering Memorandum and other documents relating to the Exchange Offer may be directed to U.S. Bank Trust Company, National Association, the exchange agent and information agent for the Exchange Offer, toll free at (800) 934-6802.

Republic Bank Recognized as a Best Online Lender by Newsweek

Retrieved on: 
Wednesday, October 25, 2023
Professional Services, Small Business, Finance, Banking, Personal Finance, Accounting, Online, Republic, Republic Bank, LendingTree, Overalls, Bank, Republic Bank & Trust Company, Multimedia, Newsweek

Republic Bank & Trust Company ("Republic" or the "Bank") has been named to Newsweek’s Best Online Lenders in America 2024 list in multiple categories.

Key Points: 
  • Republic Bank & Trust Company ("Republic" or the "Bank") has been named to Newsweek’s Best Online Lenders in America 2024 list in multiple categories.
  • The rankings, a collaboration between Newsweek and Lending Tree, named Republic in five different loan types across two categories.
  • The Bank received recognition for three different loan types in the Best Customer Satisfaction category and for two different loan types in the Overall category.
  • "Republic Bank is pleased to be recognized as a top online lender by Newsweek and LendingTree,” said Logan Pichel, President and CEO of Republic Bank.

LKQ Corporation Announces Extension of Exchange Offer

Retrieved on: 
Monday, October 16, 2023
Republic Bank & Trust Company, LKQ, Prospectus, Exchange, LKQ Corporation, Bangladesh Securities and Exchange Commission, National Association, Sale, Security (finance)

All other terms, provisions and conditions of the exchange offer will remain in full force and effect.

Key Points: 
  • All other terms, provisions and conditions of the exchange offer will remain in full force and effect.
  • A Form S-4 registration statement filed by LKQ with the United States Securities and Exchange Commission regarding the exchange offer was declared effective by the United States Securities and Exchange Commission on September 14, 2023.
  • The expiration date for the exchange offer is being extended to provide time for remaining outstanding unregistered notes to be exchanged.
  • A copy of the prospectus and other materials related to the exchange offer may be obtained from the exchange agent, U.S. Bank Trust Company, National Association, by calling (800) 934-6802.

Liberty Media Announces Entry into Second Supplemental Indenture under its 1.375% Cash Convertible Senior Notes Due 2023 in Connection with Reclassification

Retrieved on: 
Thursday, August 3, 2023
Entertainment, Sports, Satellite, Technology, TV and Radio, Events, Concerts, Motor Sports, Common stock, Note, Supplement, Debt-to-GDP ratio, Sirius XM, Liberty Media, Republic Bank & Trust Company, Liberty, National Association, U.S. Bancorp, Bandao Broadcasting Media Corporation, Cryptocurrency, Security (finance), Trustee, Indenture

Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) entered into a Second Supplemental Indenture with U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”), dated as of August 3, 2023 (the “Second Supplemental Indenture”), to the Indenture, dated as of October 17, 2013, between Liberty Media and the Trustee (as amended and supplemented by the Supplemental Indenture, dated as of April 15, 2016, by and between the Liberty Media and the Trustee, the “Indenture”) relating to its 1.375% Cash Convertible Senior Notes due 2023 (the "Cash Convertible Notes"), to give effect to the Reclassification.

Key Points: 
  • Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) entered into a Second Supplemental Indenture with U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (the “Trustee”), dated as of August 3, 2023 (the “Second Supplemental Indenture”), to the Indenture, dated as of October 17, 2013, between Liberty Media and the Trustee (as amended and supplemented by the Supplemental Indenture, dated as of April 15, 2016, by and between the Liberty Media and the Trustee, the “Indenture”) relating to its 1.375% Cash Convertible Senior Notes due 2023 (the "Cash Convertible Notes"), to give effect to the Reclassification.
  • On August 3, 2023, pursuant to an amendment and restatement of Liberty Media’s certificate of incorporation, Liberty Media completed a previously announced reclassification of its existing Liberty SiriusXM common stock and Liberty Formula One common stock into three new tracking stocks: new Liberty SiriusXM common stock, new Liberty Formula One common stock and Liberty Live common stock (each with three series of common stock) (the “Reclassification”).
  • The Second Supplemental Indenture amends the conversion, adjustments and other provisions of the Indenture to give effect to the Reclassification and provides that the conversion consideration due upon conversion of any Note shall consist of 23.1586 per bond of (a) 0.2547 of a share of new Series A Liberty Formula One Common Stock, (b) 0.2650 of a share of new Series A Liberty Live Common Stock, and (c) 1.0163 shares of new Series A Liberty SiriusXM Common Stock.
  • The Reclassification will not result in a basket of shares underlying (x) the Indenture, dated as of August 12, 2022, by and between Liberty Media and the Trustee relating to its 2.25% Convertible Senior Notes due 2027 or (y) the Indenture, dated as of March 10, 2023, by and between Liberty Media and the Trustee relating to its 3.75% Convertible Senior Notes due 2028, but rather an adjustment to the conversion ratio of FWONK and LSXMA, respectively.

Liberty Media Announces Adjustment to the Conversion Rate of its 1.375% Cash Convertible Senior Notes Due 2023

Retrieved on: 
Tuesday, August 1, 2023
Motor Sports, Baseball, Sports, Entertainment, Communications, Events, Concerts, Media, General Entertainment, TV and Radio, Note, Cash, Convertible, Liberty Media, Republic Bank & Trust Company, Liberty, Atlanta Braves, Redemption (Star Trek: The Next Generation), National Association, U.S. Bancorp, 365 (media corporation), Security (finance), Bookkeeping, Indenture

Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the conversion rate of its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).

Key Points: 
  • Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the conversion rate of its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).
  • The new conversion rate is 23.1586 Securities Baskets per $1,000 principal amount of Cash Convertible Notes, up from the previous conversion rate of 21.0859 Securities Baskets per $1,000 principal amount of Cash Convertible Notes.
  • Following the Redemptive Split-off and subsequent conversion rate adjustment, the underlying Securities Basket to the Cash Convertible Notes does not include shares of common stock of Atlanta Braves Holdings, Inc.
  • In accordance with Section 12.04(f) of the Indenture, the adjustment to the conversion rate for the Cash Convertible Notes due to the Redemptive Split-Off became effective as of the open of business on July 18, 2023.

Liberty Media Announces Adjustment to the Media Component of the Securities Basket for its 1.375% Cash Convertible Senior Notes Due 2023

Retrieved on: 
Thursday, July 20, 2023
Baseball, Sports, Other Communications, TV and Radio, Communications, General Entertainment, Motor Sports, Entertainment, Note, Cash, Windows Media Components for QuickTime, Section, Media, Convertible, Liberty Media, Republic Bank & Trust Company, Liberty, Dividend, National Association, U.S. Bancorp, Lombardi Media Corporation, Cash Converters, Security (finance)

Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the Media Component (as defined in the Supplemental Indenture, dated as of April 15, 2016 (the “Supplemental Indenture”), between Liberty and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee) of the Securities Basket underlying its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).

Key Points: 
  • Liberty Media Corporation (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK) (“Liberty”) today announced an adjustment to the Media Component (as defined in the Supplemental Indenture, dated as of April 15, 2016 (the “Supplemental Indenture”), between Liberty and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee) of the Securities Basket underlying its 1.375% Cash Convertible Senior Notes due 2023 (the “Cash Convertible Notes”).
  • The Media Component is now 0.2547 of a share of Series A Liberty Formula One Common Stock.
  • The adjustment to the Media Component was made pursuant to Section 12.04(c) of the Supplemental Indenture for the Cash Convertible Notes.
  • In accordance with Section 12.04(c) of the Supplemental Indenture for the Cash Convertible Notes, the Media Component adjustment became effective immediately prior to the open of business on July 20, 2023.

Republic Bancorp, Inc. Declares Common Stock Dividends

Retrieved on: 
Wednesday, July 19, 2023
Banking, Accounting, Professional Services, Finance, Nashville, Tennessee, Republic Bank & Trust Company, Common stock, Internet, Temple Terrace, Florida, MSA, Bank, Republic Bank

Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.374 per share on Class A Common Stock and $0.34 per share on Class B Common Stock, payable October 20, 2023, to shareholders of record as of September 15, 2023.

Key Points: 
  • Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.374 per share on Class A Common Stock and $0.34 per share on Class B Common Stock, payable October 20, 2023, to shareholders of record as of September 15, 2023.
  • Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”).
  • As of June 30, 2023, the Company had approximately $6.4 billion in assets and is headquartered in Louisville, Kentucky.
  • The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.

Republic Bank Completes Merger With Commercial Industrial Finance, Rebrands Division as Republic Bank Finance

Retrieved on: 
Wednesday, July 5, 2023
Banking, Asset Management, Professional Services, Finance, Republic Bank & Trust Company, Culture, Multimedia, Republic, Acquisition, Growth, Transport, Republic Bank, Property management, Management, Bank

St. Louis-based Commercial Industrial Finance, Inc. (“CIF”) became Republic Bank Finance effective July 1, 2023, coinciding with the final merger of the two companies.

Key Points: 
  • St. Louis-based Commercial Industrial Finance, Inc. (“CIF”) became Republic Bank Finance effective July 1, 2023, coinciding with the final merger of the two companies.
  • CIF was acquired by Republic Bank & Trust Company (“Republic Bank” or the “Bank”) and its parent company Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic”), on March 15, 2023, as part of the acquisition of CIF’s former parent company, CBank.
  • Scott Hawkins will serve as President of Republic Bank Finance, continuing his leadership of the St. Louis-based division.
  • At the time of the merger all CIF employees became Republic Bank Finance employees.

Nest Egg Completes Strategic Financing Round

Retrieved on: 
Monday, June 5, 2023
Professional Services, Technology, Other Technology, Finance, Asset Management, Fintech, Banking, Republic Bank & Trust Company, Life, Nest Egg, Multimedia, Michael Church, Republic, Investment, Egg, Associate, OceanFirst Bank, Entrepreneurship, Republic Bank, Bank, Cryptocurrency, Nest

Nest Egg , a technology-forward investment advice platform for customers of banks and credit unions, is pleased to announce its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors.

Key Points: 
  • Nest Egg , a technology-forward investment advice platform for customers of banks and credit unions, is pleased to announce its latest round of financing, led by partners OceanFirst Bank and Republic Bancorp, Inc., as well as other strategic investors.
  • Currently partnered with 11 financial institutions, Nest Egg services are accessible to nearly 1 million bank customers at over 100 locations in 12 states.
  • Nest Egg is slated to finalize several new partnerships in 2023, continuing momentum gained in 2022 and early 2023.
  • Our strategic partners’ investment in Nest Egg will enable us to reach more and more Americans via our trusted bank and credit union partners,” said Arden Miller, Co-Founder & President of Nest Egg.

Republic Bancorp, Inc. Declares Common Stock Dividends

Retrieved on: 
Wednesday, May 17, 2023
Banking, Professional Services, Finance, Nashville, Tennessee, Republic Bank & Trust Company, Common stock, Internet, Temple Terrace, Florida, MSA, Bank, Republic Bank

Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.374 per share on Class A Common Stock and $0.34 per share on Class B Common Stock, payable July 21, 2023, to shareholders of record as of June 16, 2023.

Key Points: 
  • Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.374 per share on Class A Common Stock and $0.34 per share on Class B Common Stock, payable July 21, 2023, to shareholders of record as of June 16, 2023.
  • Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”).
  • As of March 31, 2023, the Company has approximately $6.1 billion in assets and is headquartered in Louisville, Kentucky.
  • The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market.