$PRAA (PRA Group, Inc.)

$PRAA {{ '2016-02-29T16:49:05+0000' | timeago}} • Announcement

Virginia-based debt buyer $PRAA announced a public tender to offer to purchase 100% of DTP S.A. at $1.23 per share. The subscription begins on March 18, 2016 and matures on April 18, 2016. The company anticipates to finance this transaction with cash held in Europe and borrowings under its European credit facility.

$WD {{ '2017-07-05T13:44:28+0000' | timeago}} • Announcement

$WD has been retained by Greystar Growth and Income Fund, LP and affiliated parties to secure financing for its acquisition of Monogram Residential Trust. The transaction is expected to close during 2H17.

$WD {{ '2017-06-26T20:48:13+0000' | timeago}} • Announcement

$WD has appointed Heather McClure as a VP in its Capital Markets group. McClure has previously worked with Behringer and Prudential Mortgage Capital Company.

$COLB {{ '2017-06-09T10:18:03+0000' | timeago}} • Announcement

$COLB and $PCBK shareholders have approved the completion of the previously announced merger of the two firms. The proposals had been earlier approved by the respective companies’ Boards.

$PRAA {{ '2017-05-22T11:51:42+0000' | timeago}} • Announcement

$PRAA announced its intention to offer $300MM aggregate principal amount of convertible senior notes due 2023. PRA Group intends to use a portion of the net proceeds from the offering to repurchase between approximately $30 to $45MM of shares of its common stock concurrently with the pricing of the offering in privately negotiated transactions.

$WD {{ '2017-05-18T12:36:16+0000' | timeago}} • Announcement

$WD hired Jamie Butler as managing director in its Capital Markets group. Based out of the company's headquarters in Bethesda, Maryland, Butler is responsible for sourcing equity and debt for development projects and stabilized assets across all property types, with a focus in the Mid-Atlantic region.

$ECPG {{ '2017-05-16T12:14:28+0000' | timeago}} • Announcement

$ECPG said its subsidiary Midland Funding prevailed in the case Midland Funding, LLC v. Johnson. The high court reversed the U.S. Court of Appeals for the Eleventh Circuit, holding that the filing of an accurate proof of claim on an unextinguished time-barred debt does not violate the Fair Debt Collection Practices Act (FDCPA).

$PRAA {{ '2017-05-15T15:15:40+0000' | timeago}} • Announcement

$PRAA reached a settlement with the Internal Revenue Service in regards to the Notices of Deficiency for tax years ended Dec. 31, 2005 to Dec. 31, 2012. $PRAA will utilize a new tax methodology to recognize net finance receivable (NFR) revenue effective tax year 2017.

$PRAA {{ '2017-05-08T20:54:56+0000' | timeago}} • Announcement

$PRAA amended and restated its North American credit facility on May 5, 2017. The expanded facility has a 5-year term and total facility size of $1.2Bil consisting of a $450MM term loan facility and a $755MM revolving loan facility.

$ECPG {{ '2017-05-04T20:53:30+0000' | timeago}} • Announcement

$ECPG said CEO Ken Vecchione will be leaving the company and will not stand for re-election to the Board at upcoming 2017 annual meeting. Ashish Masih will be appointed as a director following the meeting. Also, Paul Grinberg will be appointed as President, International, and will become the Chairman of Cabot Credit Management, its U.K. subsidiary.

$ECPG {{ '2017-05-04T20:51:49+0000' | timeago}} • Announcement

$ECPG said  President and CEO Ken Vecchione will be leaving the company to become the President of $WAL. Ashish Masih will become its President and CEO, which follows his recent appointment as President of its subsidiary Midland Credit Management. Vecchione will remain in his role until 2017 annual meeting to ensure smooth transition of his duties

$BXMT {{ '2017-04-25T18:05:34+0000' | timeago}} • Announcement

$BXMT and $WD entered into a JV to originate, hold and finance multifamily bridge loans. $WD will contribute 15% of the venture's equity capital and $BXMT will contribute 85%. The JV's floating rate, first mortgage loan product targets assets prior to their eligibility for permanent agency financing.

$PBCT {{ '2017-04-20T12:54:44+0000' | timeago}} • Webcast

On the mortgage warehouse business, $PBCT commented that the split of purchase and refinancing was close to 50-50. The company added that what it's seeing generally in its banks and in the business is that there is more talk about purchase activity and the refinancing applications have dropped considerably.

$PBCT {{ '2017-04-20T12:48:26+0000' | timeago}} • Webcast

$PBCT stated that on the fee guide, the company is still comfortable with the guidance provided. From both a loan origination and a fee income perspective, 1Q17 was slow. So the company expects to see a ramp in most of the line items as the year progresses.

$PBCT {{ '2017-04-20T12:45:05+0000' | timeago}} • Webcast

$PBCT said the overall yield at the securities portfolio was about 3 BP. Additionally, the company added that the utilization on the mortgage warehouse lines have dropped to the mid 40% range, which is a low point. $PBCT expects it to be somewhere in the range that it is now.

$PBCT {{ '2017-04-20T12:12:23+0000' | timeago}} • Announcement

$PBCT's BoD voted to increase the common stock dividend to an annual rate of $0.69 per share.  Based on the closing stock price on April 19, 2017, the dividend yield on its common stock is 3.9%. The quarterly dividend of $0.1725 per share is payable on May 15, 2017 to shareholders of record on May 1, 2017.

$PBCT {{ '2017-04-20T12:11:05+0000' | timeago}} • Announcement

$PBCT reported a rise in 1Q17 earnings driven by higher net interest income and a rise in non-interest income. Net income rose to $70.8MM or $0.22 per share from $62.9MM or $0.21 per share last year. Net interest income grew to $248.6MM from $240.1MM and non-interest income increased to $84.7MM from $82.3MM.

$WD {{ '2017-04-13T13:25:22+0000' | timeago}} • Announcement

Matt Naish has joined $WD's Multifamily Finance group as SVP.  Naish was previously Director of affordable housing finance at Berkeley Point Capital.

$PACW {{ '2017-04-06T13:13:56+0000' | timeago}} • Announcement

$PACW agreed to buy $CUNB. $CUNB shareholders will receive 0.5308 shares of $PACW common stock and $12.00 in cash for each share of $CUNB. The total value of the merger consideration is $39.45 per $CUNB share.

$PACW {{ '2017-04-06T13:12:19+0000' | timeago}} • Announcement

$PACW and $CUNB signed a definitive agreement and plan of merger whereby $PACW will buy $CUNB in a transaction valued at about $705MM. Also, California United Bank will be merged into Pacific Western Bank, the principal operating subsidiary of $PACW. The transaction, which was approved by the both BoDs, is expected to close in 4Q17.

$WD {{ '2017-03-17T16:39:46+0000' | timeago}} • Announcement

$WD financed a portfolio of seven affordable housing properties with a $144.04MM loan from Fannie Mae.  All seven properties' tenant bases are predominantly residents receiving Section 8 housing assistance payments (HAP) from the U.S. Department of Housing and Urban Development.

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