Jefferies Leads USD 200 Million AvantCredit Credit Facility
Aug 22 14
AvantCredit said it has closed a USD 200m debt financing agreement led by investment bank Jefferies The funding comes two weeks after the company announced USD 75 million series C funding from Tiger Global Management and a USD 200 million credit facility from Victory Park Capital. This additional infusion of capital brings the company's total funding to over USD 500 million making it the most funded Chicago-based company so far this year. Over USD 270 million in consumer loans have been written through AvantCredit to date, and AvantCredit has grown its loan portfolio by 25% each month this year.
Leucadia National Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 7 14
Leucadia National Corporation reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $2,852,054,000 compared to $2,675,725,000 a year ago. Income from continuing operations before income taxes was $106,623,000 compared to $83,809,000 a year ago. Income from continuing operations was $62,848,000 compared to $60,574,000 a year ago. Net income attributable to the common shareholders was $65,074,000 or $0.17 basic and diluted per share compared to $52,612,000 or $0.14 basic and diluted per share a year ago.
For the six months, the company reported net revenues of $5,795,368,000 compared to $4,973,338,000 a year ago. Income from continuing operations before income taxes was $246,404,000 compared to $437,732,000 a year ago. Income from continuing operations was $152,439,000 compared to $364,730,000 a year ago. Net income attributable to the common shareholders was $159,390,000 or $0.42 diluted per share compared to $357,715,000 or $1.10 basic and diluted per share a year ago.
Leucadia National Corporation Announces Quarterly Cash Dividend, Payable on September 26, 2014
Jul 29 14
Leucadia National Corporation announced that the Board of Directors has declared a quarterly cash dividend equal to $0.0625 per Leucadia common share payable on September 26, 2014 to record holders of Leucadia common shares on September 15, 2014.
Leucadia National Corporation Announces Executive Changes
Jul 8 14
Leucadia National Corporation announced that, effective September 1, 2014, Teresa S. Gendron will become Leucadia's Chief Financial Officer, succeeding Joseph A. Orlando, who is retiring then for orthopedic health reasons. Ms. Gendron was most recently the Vice President and Controller of Gannett Co. Inc., in which role she was Gannett's Chief Accounting Officer from 2011.