AAA | Jotup

KBRA Assigns AAA Rating to Various San Diego Unified School District 2024 General Obligation Refunding Bonds; Affirms Rating for Parity Bonds

Retrieved on:

Friday, April 12, 2024

Education, Professional Services, Primary, Secondary, Finance, Valorem, Outlook, KBRA, Dedicated, Parity, Election, AAA, Security (finance)

KBRA assigns a long-term rating of AAA to the San Diego Unified School District (San Diego County, California): 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-7A); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-7B); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-4A); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-4B); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series ZR-5A); and, 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series ZR-5B).

Key Points:

KBRA assigns a long-term rating of AAA to the San Diego Unified School District (San Diego County, California): 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-7A); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 1998, Series R-7B); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-4A); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2008, Series SR-4B); 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series ZR-5A); and, 2024 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds) (Election of 2012, Series ZR-5B).
KBRA additionally affirms the long-term rating of AAA for the District's parity general obligation bonds.
The rating actions reflect the following key credit considerations:
Per consultation with KBRA external counsel, robust bondholder protections are afforded by California’s constitution and state law.
Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Nectero Medical Announces Completion of $96M Series D Financing

Retrieved on:

Thursday, April 11, 2024

Nectero Medical, a clinical-stage biotechnology company pioneering novel therapies to treat aneurysmal disease, today announced the closing of its $96 million Series D financing round.

Key Points:

Nectero Medical, a clinical-stage biotechnology company pioneering novel therapies to treat aneurysmal disease, today announced the closing of its $96 million Series D financing round.
Upon completion of the Series D financing, Dr. Zack Scott, of Norwest Venture Partners, and Dr. Alan Davis, of BioStar Capital, have joined the Nectero Medical Board of Directors.
In January 2024, Nectero Medical initiated a Phase II/III clinical trial (stAAAble) to investigate the safety and efficacy of the Nectero EAST System in patients with infrarenal abdominal aortic aneurysms (AAAs), maximum diameter 3.5 – 5.0cm.
“We are honored and excited to be the lead investor in the Series D financing to fund the efforts necessary to bring the Nectero EAST System to market,” said Dr. Zack Scott, General Partner, Norwest Venture Partners.

Angel Oak Mortgage REIT, Inc. Prices AOMT 2024-4, a $300 Million Standalone Securitization, Further Expanding Earnings and Releasing Capital for Additional Loan Purchases

Retrieved on:

Wednesday, April 10, 2024

REIT, Finance, Professional Services, Asset Management, Construction & Property, Oak, M1, Economics, Security (finance), AAA, A1, Fitch Ratings, FICO, Growth, Real estate

The A1 through M1 tranches were sold, with the Company retaining the economics of the unsold tranches.

Key Points:

The A1 through M1 tranches were sold, with the Company retaining the economics of the unsold tranches.
With this securitization, the Company will reduce its whole loan warehouse debt by $236 million, reducing its total recourse debt to equity ratio in-kind.
With the capital released from the securitization, AOMR intends to accelerate purchases of current market coupon loans, leveraging the Angel Oak ecosystem and purchasing new loans primarily through its affiliated mortgage originator.
The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

Jill Priya Keshyap Tapped as Guild of Guardians Executive Producer, Bringing Experience from Animoca Brands, Voodoo.io, Facebook, and more

Retrieved on:

Friday, April 26, 2024

SYDNEY, April 26, 2024 /PRNewswire/ -- Today, Immutable Games, a global leader in web3 game development and publishing, announced the hiring of Priya Keshyap as Executive Producer for Guild of Guardians, the epic fantasy RPG which comes to mobile on May 15. Keshyap draws on more than a decade and a half of traditional and web3 gaming experience, serving multiple senior roles in APAC. In her new position, Keshyap will work with Immutable Games leadership to support the successful global launch of Guild of Guardians and lead live operations for the game following its release. With more than 1 million pre-registered players already, Guild of Guardians is one of the most anticipated web3 game launches of the year.

Key Points:

Keshyap draws on more than a decade and a half of traditional and web3 gaming experience, serving multiple senior roles in APAC.
With more than 1 million pre-registered players already, Guild of Guardians is one of the most anticipated web3 game launches of the year.
"I am thrilled to join the talented team at Immutable Games and contribute to the launch of Guild of Guardians," stated Keshyap.
Guild of Guardians features an engaging core loop and a thrilling roguelite dungeon experience perfectly suited for web3.

Jill Priya Keshyap Tapped as Guild of Guardians Executive Producer, Bringing Experience from Animoca Brands, Voodoo.io, Facebook, and more

Retrieved on:

Friday, April 26, 2024

SYDNEY, April 26, 2024 /PRNewswire/ -- Today, Immutable Games, a global leader in web3 game development and publishing, announced the hiring of Priya Keshyap as Executive Producer for Guild of Guardians, the epic fantasy RPG which comes to mobile on May 15. Keshyap draws on more than a decade and a half of traditional and web3 gaming experience, serving multiple senior roles in APAC. In her new position, Keshyap will work with Immutable Games leadership to support the successful global launch of Guild of Guardians and lead live operations for the game following its release. With more than 1 million pre-registered players already, Guild of Guardians is one of the most anticipated web3 game launches of the year.

Key Points:

Keshyap draws on more than a decade and a half of traditional and web3 gaming experience, serving multiple senior roles in APAC.
With more than 1 million pre-registered players already, Guild of Guardians is one of the most anticipated web3 game launches of the year.
"I am thrilled to join the talented team at Immutable Games and contribute to the launch of Guild of Guardians," stated Keshyap.
Guild of Guardians features an engaging core loop and a thrilling roguelite dungeon experience perfectly suited for web3.

Navajo Gaming Honors 186 Team Members for Employee Milestones

Retrieved on:

Friday, April 26, 2024

Diamond, Agriculture, Food, Navajo Nation, Truck, AAA, Security, Government, Weaving

FLAGSTAFF, Ariz., April 26, 2024 /PRNewswire/ -- This month The Navajo Nation Gaming Enterprise (Navajo Gaming) honored 186 of its total 1,200 team members for reaching significant employment milestones including 15, 10 and 5 years of service for the enterprise. The event at Twin Arrows Navajo Casino Resort in Flagstaff, Ariz. showcased the impact and journey of each hard-working team member, with a special highlight for 29 employees that have served for 15 years.

Key Points:

FLAGSTAFF, Ariz., April 26, 2024 /PRNewswire/ -- This month The Navajo Nation Gaming Enterprise (Navajo Gaming) honored 186 of its total 1,200 team members for reaching significant employment milestones including 15, 10 and 5 years of service for the enterprise.
"Navajo Gaming employs 1,200 people, 85 percent of whom are Navajo citizens," shared Matthew Shunkamolah, Navajo Gaming's Interim Chief Executive Officer.
Additional Navajo Gaming Economic Impacts include:
74% of management jobs are held by Navajos, including 60% of senior-level positions.
Some team members wish to keep a low profile, but below are most of the 15-year team members honored at the event:

GLOW PRODUCTION BREAKS INTO NORTH AMERICA TO CONNECT AAA STUDIOS WITH GLOBAL AUDIENCES

Retrieved on:

Friday, April 26, 2024

GLOW, Creativity, NetEase, Language, Unreal Engine, The Cinematics, Growth, AAA, Film industry

KUALA LUMPUR, Malaysia, April 26, 2024 /PRNewswire/ -- GLOW Production, a leading cinematic development company in Malaysia, today announced it is opening its business to North American studios that have struggled to find sufficient international resources that can meet expedited pipelines and deliver high-quality creative.

Key Points:

Historically, outsourcing for AAA studios in North America has posed challenges ranging from language barriers to timezone discrepancies to skill deficiencies.
GLOW Production has seized its location and skillset to uniquely offer a seasoned team trained in AAA methodologies and co-development.
To further the company's footprint in North America, GLOW Production has welcomed award-winning interactive entertainment executive Joe Rubino to its board of advisors.
Formerly the Head of Cinematics & Storytelling - North America at NetEase Games, Rubino will leverage his 15-year career at AAA studios to help the company forge new relationships and projects.

BioSteel Announces Launch of BioSteel Sports Academy

Retrieved on:

Thursday, April 18, 2024

BioSteel launches BioSteel Sports Academy, transitioning from NHL hydration partner to focus on empowering athletes worldwide.

Key Points:

BioSteel launches BioSteel Sports Academy, transitioning from NHL hydration partner to focus on empowering athletes worldwide.
Formerly A21 Academy, the rebranded academy offers Ontario Private School courses (grades 6-12), focusing on university prep through the Hockey Canada Accredited School program.
In a bold step towards the future, Biosteel unveils the **BioSteel Sports Academy ( https://biosteelsportsacademy.com )**.
With the launch of BioSteel Sports Academy, partnership with PowerTech and our renewed focus on grassroots initiatives and influencer marketing, we're taking that vision to new heights.

Sotheby's Financial Services Announces Groundbreaking $700 Million Securitization

Retrieved on:

Wednesday, April 17, 2024

Financial services, Sale, Sotheby's, News, Finance, Collection, SFS, Growth, Note, AAA

NEW YORK, April 17, 2024 /PRNewswire/ -- Sotheby's Financial Services, Inc. ("Sotheby's Financial"), the world's leading full–service art financing company, announced today the launch of a first-of-its kind securitization program.

Key Points:

NEW YORK, April 17, 2024 /PRNewswire/ -- Sotheby's Financial Services, Inc. ("Sotheby's Financial"), the world's leading full–service art financing company, announced today the launch of a first-of-its kind securitization program.
The inaugural issuance, which priced yesterday, consists of $700 million of asset-backed notes (the "Notes") backed by art secured loans.
"We are thrilled to achieve another milestone with the launch of a landmark securitization program" said Ron Elimelekh, Co-Head, Chief Operating Officer, and Chief Capital Officer, Sotheby's Financial.
Now with over $2 billion of funding capacity, Sotheby's Financial has a flexible and committed funding framework supported by an existing credit facility and this groundbreaking securitization program."

Sotheby's Financial Services Announces Groundbreaking $700 Million Securitization

Retrieved on:

Wednesday, April 17, 2024

Financial services, Sale, Sotheby's, News, Finance, Collection, SFS, Growth, Note, AAA

NEW YORK, April 17, 2024 /PRNewswire/ -- Sotheby's Financial Services, Inc. ("Sotheby's Financial"), the world's leading full–service art financing company, announced today the launch of a first-of-its kind securitization program.

Key Points:

NEW YORK, April 17, 2024 /PRNewswire/ -- Sotheby's Financial Services, Inc. ("Sotheby's Financial"), the world's leading full–service art financing company, announced today the launch of a first-of-its kind securitization program.
The inaugural issuance, which priced yesterday, consists of $700 million of asset-backed notes (the "Notes") backed by art secured loans.
"We are thrilled to achieve another milestone with the launch of a landmark securitization program" said Ron Elimelekh, Co-Head, Chief Operating Officer, and Chief Capital Officer, Sotheby's Financial.
Now with over $2 billion of funding capacity, Sotheby's Financial has a flexible and committed funding framework supported by an existing credit facility and this groundbreaking securitization program."