Funding News

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Corporation today announced that it has successfully priced an offering of (i) $400,000,000 in aggregate principal amount of 10.250% Senior Secured First Lien Notes due 2030 (the “First Lien Notes”) to be issued by Xerox Corporation and guaranteed by Xerox Holdings Corporation (“Xerox” and, together with Xerox Corporation, the “Company”) and certain of Xerox’s domestic and foreign subsidiaries and (ii) $400,000,000 in aggregate principal amount of 13.500%...

LAKE CHARLES, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $100,000 Heirs’ Property Program grant to Project Build a Future (PBAF) in a ceremonial check presentation yesterday. The funds, awarded through FHLB Dallas member First Federal Bank of Louisiana, will be used for community experts to inform and educate the community about heirship issues, as well as assist clients with property issues. PBAF will use $25,000 to work with the Southwest Louisiana Law...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that the Company has received $192.1 million in cash tax refunds from the advanced manufacturing tax credit under Section 48D. Funds include $186.5 million owed to the Company for both fiscal 2023 and fiscal 2024 taxes, as well as accrued interest. This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quart...

BELLEVILLE, Ill.--(BUSINESS WIRE)--Rebecca Losli, President of Illinois American Water, issues a statement, calling for a commitment to water and wastewater infrastructure investment....

LOS ANGELES--(BUSINESS WIRE)--American Business Bank Supports Seven Local Charities Serving LA Fire Victims...

NEW YORK--(BUSINESS WIRE)--Kay.ai, the AI co-worker designed to eliminate manual data entry work for insurance brokers and agencies, has raised $3 million in funding. The round was led by Wing VC, with participation from South Park Commons, 101 Weston Labs, and several angel investors. "The U.S. Bureau of Labor Statistics projects that the insurance industry will face a shortage of nearly 400,000 workers by 2026," said Vishal Rohra, co-founder and CEO of Kay.ai. "Despite this looming talent sho...

NEW YORK--(BUSINESS WIRE)--Churchill Asset Management LLC, an investment-specialist of Nuveen, has closed its third collateralized fund obligation, NPC SIP 2024-1 (the “Long Duration Bond” or “LDB”). The $750 million transaction is structured as a long-duration bond and invests across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital (“NPC”), including: U.S.-based: Senior lending, Junior capital, Equity co-investment, S...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Caliber launches 1031 Exchange program, providing investors access to real estate investment opportunities while allowing them to defer taxes....

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa Johns International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced that it has completed the closing of an amended credit agreement in a transaction that provides the Company with additional liquidity and strengthens its overall financial profile. With this agreement, the Company is well positioned to continue executing on its strategic priorities aimed at improving sales, identifying opportunities to ensure the restaurant economic mo...

JACKSON, Miss.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and BankPlus were joined by Gulf Coast Housing Partnership (GCHP), Midtown Partners Inc. and local leaders to celebrate the opening of Noel Place, a new affordable housing development in Jackson, Mississippi. Funded in part by a $499,000 Affordable Housing Program (AHP) grant, Noel Place will set aside 60 percent of the housing units for special-needs residents, including people with disabilities and people who...