hear.com Announces Postponement of Its Initial Public Offering
hear.com N.V., the largest online provider of expert, medical-grade hearing care globally, today announced that it has postponed plans for its initial public offering due to current challenging equity market conditions. The company will continue to monitor the market for more stable conditions.
Morgan Stanley and J.P. Morgan are acting as joint lead book-running managers for the proposed offering and as representatives of the underwriters for the proposed offering. Deutsche Bank Securities and Goldman Sachs Co. LLC are acting as active book-running managers. BofA Securities, William Blair, and Truist Securities are also acting as book-running managers for the proposed offering.
ADP Announces Pricing of its Senior Notes Due 2028
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ROSELAND, N.J., May 11, 2021 /PRNewswire/ ADP (Nasdaq: ADP), a leading global provider of Human Capital Management (HCM) solutions, today announced the pricing of a public offering of $1.0 billion aggregate principal amount of its 1.70% senior notes due 2028.
ADP expects to receive the net offering proceeds upon closing on or about May 14, 2021. The intended use of proceeds from the offering is to effect share repurchases under ADP s existing share repurchase program, subject to market conditions, and any remainder is for general corporate purposes. ADP anticipates that any share repurchases funded by the proceeds of the offering will be completed within a 6 to 12 month timeframe, subject to market conditions. These share repurchases are expected to be incremental to share repurchases conducted in the normal course of business, which are intended to offset dilution from
Gaming and lottery provider International Game Technology Plc (IGT) reported on Tuesday first-quarter revenue of nearly US$1.02 billion, up 24.7 percent from the prior-year quarter. The figure was up 14.7 percent from the fourth quarter.
IGT stated it had achieved some of its highest revenue and profit levels in its history during the opening quarter of 2021.
The company said the increase in revenue was driven by an “outstanding performance” in the group’s global lottery segment, as well as “continued recovery in global gaming, including acceleration in digital and betting activities” during the reporting period.
For the three months to March 31, IGT outlined that its global gaming revenue declined by 14.2 percent year-on-year, to US$266.0 million. That was still a 4.3-percent increase sequentially, “as U.S. gaming markets continue to recover,” stated the company.
ConvenientMD Secures Growth Investment from Bain Capital Double Impact
Partnership to Support Expansion of Patient-Centric Care Model to New, Underserved Areas
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PORTSMOUTH, N.H., May 12, 2021 /PRNewswire/ ConvenientMD ( the Company ), New England s leading urgent care provider, today announced that it has secured an investment to support its continued growth from Bain Capital Double Impact, a leading social impact investor. The Company will continue to operate under its current management team, led by co-founder Gareth Dickens and President Dr. Mark Pundt. The partnership will position ConvenientMD to expand access to its differentiated, affordable and flexible urgent care facilities through both service line expansions designed to make healthcare more affordable and accessible, and opening new locations in underserved areas. Financial terms of the private purchase from current owner Starr Investment Holdings, LLC were not
| 0 Bunge Limited (NYSE:BG) today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has priced a public offering of $1 billion aggregate principal amount of 2.750% senior notes due 2031. The senior notes will be guaranteed by Bunge Limited. The offering was made pursuant to a registration statement filed with the U.S. Securities and Exchange Commission. The transaction is expected to close on May 14, 2021, subject to the satisfaction of customary closing conditions. Bunge intends to use the net proceeds from the offering of the senior notes for general corporate purposes, including repayment of certain short-term indebtedness. Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers