Global Ship Lease Credit Rating Upgraded by Moody’s
Global Ship Lease Credit Rating Upgraded by Moody’s
LONDON, Jan. 12, 2021 Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a leading independent owner of containerships, announced today that its Corporate Family Rating has been upgraded to B2 / Positive from B3 / Positive by Moody’s Investor Service (“Moody’s”). In announcing the upgrade, Moody’s cited the Company’s improved debt maturity profile following the refinancing of Global Ship Lease’s senior secured notes due 2022 with the new secured loan facility due in 2026, the resilient performance of both Global Ship Lease and the broader container liner industry, and an improvement in the Company’s debt/EBITDA ratio, which Moody’s expects to be sustained.
Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit
Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit Nassau Financial Group (Nassau) announced it has received an initial strategic investment of $100 million from Wilton Reassurance Company (Wilton Re) and Stone Point Credit (Stone Point). The strategic investment was made through the issuance of a new series of non-cumulative perpetual preferred equity and may be significantly increased as Nassaus business grows. Nassau intends to use the new capital to execute on its organic growth plans across its insurance and asset management businesses as well as to support strategic acquisitions.
PROS (NYSE: PRO), a provider of AI-powered solutions that optimize selling in the digital economy, will release its financial results for the fourth quarter
Alvarez & Marsal Bolsters Oil and Gas Sector Performance Improvement Offering
Alvarez & Marsal Bolsters Oil and Gas Sector Performance Improvement Offering Leading global professional services firm Alvarez & Marsal (A&M) has appointed Patrick Hickey as a Managing Director in the firms Houston-based Energy group within its Corporate Performance Improvement (CPI) practice. Mr. Hickeys appointment, combined with his 30-year energy and financial management track record, advances A&Ms commitment to develop solutions that address the markets evolving needs. Mr. Hickey specializes in energy and financial structuring for debt, equity and mezzanine financing within the oil and gas sectors. He has extensive experience originating, executing and managing complex transactions along with guiding upstream and midstream capital investments and has been involved with several restructurings.