The Motley Fool

OCTOBER 20, 2023

Nonperforming loans as a percentage of total loans increased 15 basis points in the quarter due primarily to a large collateralized information credit. With respect to our guidance of 35 basis points to 45 basis points, in the period of 2014 to 2019, our average charge-offs were 38 basis points. And so, I'm pretty comfortable there.

Banks 130

Banks Capital Portfolios Accounting 130

The Motley Fool

JULY 25, 2023

With the assets of FPT now included as part of the collateral, we rightsized our ABL from $4.5 We have been fighting for Nashwauk since I came to Cliffs back in 2014. billion to $4.75 The ABL together with our bond offering and free cash flow allowed us to end the quarter with record liquidity of $3.8

Debt 130

Debt Shareholders Capital Banks 130

The Big Picture

SEPTEMBER 5, 2023

MILLER: The collateral won’t be adequate in our view. And so I told you earlier that I track, I started in 2014 tracking any sales that actually closed for 50 million or higher. Leading indicators would be contract activity and listing inventory, sort of transaction-based rather than price-based. RITHOLTZ: And now?

Taxes 52

Taxes Banks Resale Accounting 52

The Motley Fool

FEBRUARY 27, 2024

In 2023, we generated almost $2 billion of net cash from operating activities, which included $500 million return of cash collateral. From 2014 to 2019, we successfully delevered by over three turns. Moving on to our balance sheet and debt maturity profile on Slide 14. And we repaid $1.9 Moving to leverage on Slide 15.

Leveraging 130

Leveraging Debt Amortization Collateral 130

The Motley Fool

AUGUST 1, 2023

During the quarter, we received approximately $500 million of cash collateral back from a credit card processor. This collateral release not only provided a meaningful increase to liquidity but was also a very strong signal that our external partners have increased confidence in our financial position and future outlook.

Debt 100

Debt Leveraging Collateral Resale 100

Pension Pulse

NOVEMBER 10, 2023

Mr. Connor succeeded Heather Munroe-Blum, CPP Investments’ Chairperson since 2014, whose final term as Chairperson and Director expired in October. Operational Highlights Board appointments Welcomed the designation of Dean Connor as Chairperson of the Board of Directors, effective October 27, 2023.

Investing 59

Investing Buyout Stakes Assets 59

The Motley Fool

JULY 17, 2024

In conjunction with the transaction, we issued $330 million of credit linked notes, with a coupon just over 7% that is partially offset by our investment income on a corresponding cash collateral account. And we expect less severity pressure given the front book was underwritten below the peak in collateral values and with lower LTVs.

Taxes 130

Taxes Finance Financing Banks 130

The Big Picture

FEBRUARY 20, 2024

You had a speech around 2014 where you said the Fed was late in recognizing how long they kept rates low for, and that the liftoff from oh four to oh six should have happened faster and sooner. You need to come up with more collateral. I mean, the reality of the expansion would’ve kept going except for the Covid pandemic.

Banks 59

Banks Stock Market Stock Market Legal 59