Finance News

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced that it has priced its previously announced underwritten public offering of 54,545,454 shares of its common stock at a price of $27.50 per share, for total gross proceeds of approximately $1.5 billion, before deducting underwriting discounts and commissions and offering expenses payable by the Company. In addition, SoFi has granted the underwriters a 30-day option to purchase up to a...

LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the sale of Element LA, a 284,000-square-foot office campus located in West Los Angeles. Hudson Pacific sold the property for $150 million and received a separate $81 million payment for terminating the existing lease. Transfer taxes for the sale transaction were paid by the buyer. The company used the gross proceeds from th...

TOKYO--(BUSINESS WIRE)--Helical Fusion raised USD 5.5M to advance Japan’s unique Helical Stellarator and its roadmap toward a commercially viable fusion power plant....

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Mercado Libre announces the successful issuance of its 2033 senior unsecured notes for a total amount of USD 750 million. The transaction – the first since the company achieved Investment Grade status – was met with strong demand from more than 150 institutional investors, and was 3.6x oversubscribed. This demonstrates continued confidence in Mercado Libre’s strategy, execution and cash generation capacity. Proceeds will be used for general corporate purpos...

MEXICO CITY--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a+” (Excellent) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Seguros Inbursa, S.A. Grupo Financiero Inbursa (Seguros Inbursa) (Mexico). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Seguros Inbursa’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neu...

NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) today announced that it had received notice from the New York State Department of Financial Services (the “NYSDFS”) that, pursuant to and in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013, the NYSDFS has approved an increase of the cash payment percentage (CPP) of permitted policy claims that FGIC is required to pay under such Plan from 64.50% to 66.00%, effective Decembe...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Ategrity Specialty Insurance Company (ASIC) and its affiliate, Ategrity Specialty Insurance Limited (ASIL). Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb-” (Good) of the holding company, Ategrity Specialty I...

COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus announces quarterly dividends...

NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $20.0 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”). With the prepayment, the Company has now repaid a total of $1.55 billion since December 2021 and $50 million of the term...

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering fo...