CBS Corporation Announces Redemption Of 8.875% Senior Notes Due 2019 Aug 21, 2014 12:07PM

NEW YORK, Aug. 21, 2014 /PRNewswire/ -- CBS Corporation (NYSE: CBS.A and CBS) today announced the full redemption of its outstanding 8.875% senior notes due May 15, 2019. The redemption date is September 20, 2014.

The redemption amount for the notes is equal to the sum of the principal amount of the notes outstanding, the make-whole amount calculated in accordance with the terms of the notes and the related indenture under which the notes were issued, and the accrued and unpaid interest on the notes up to, but excluding, the redemption date of September 20, 2014. The aggregate principal amount of the notes outstanding on August 21, 2014, is $264,250,000.

Holders owning notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of notes may call the paying agent for the redemption, the Bank of New York Mellon at (800) 254-2826.

Disclosure Notice

All statements in this release other than statements of historical fact are, or may be deemed to be, "forward-looking" statements, and reflect CBS Corporation's current expectations concerning future results and events. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation: changes in legislation, tax rules or market conditions; other domestic and global economic, business, competitive and/or regulatory factors affecting CBS Corporation's businesses; and other factors described in CBS Corporation's news releases and filings with the SEC including, but not limited to, its most recent Forms 10-K, 10-Q and 8-K. You should not place undue reliance on these forward-looking statements, which apply only as of the time of this news release. Except to the extent required by applicable securities laws, we do not undertake any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.

About CBS Corporation

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company that creates and distributes industry-leading content across a variety of platforms to audiences around the world. The Company has businesses with origins that date back to the dawn of the broadcasting age as well as new ventures that operate on the leading edge of media. CBS owns the most-watched television network in the U.S. and one of the world's largest libraries of entertainment content, making its brand —"the Eye" — one of the most recognized in business. The Company's operations span virtually every field of media and entertainment, including cable, publishing, radio, local TV, film, and interactive and socially responsible media. CBS's businesses include CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Studios, CBS Global Distribution Group (CBS Studios International and CBS Television Distribution), CBS Consumer Products, CBS Home Entertainment, CBS Films, CBS Interactive, Showtime Networks, CBS Sports Network, TVGN (a joint venture between CBS Corporation and Lionsgate), Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio and CBS EcoMedia. For more information, go to www.cbscorporation.com.

 

SOURCE CBS Corporation


Fitch Expects to Rate John Deere Owner Trust 2014-B; Presale Issued Aug 21, 2014 12:05PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to rate John Deere Owner Trust 2014-B (JDOT 2014-B) as follows:

--$317,000,000 class A-1 notes 'F1+sf';

--$225,000,000 class A-2a notes 'AAAsf'; Outlook Stable;

--$100,000,000 class A-2b notes 'AAAsf'; Outlook Stable;

--$283,000,000 class A-3 notes 'AAAsf'; Outlook Stable;

--$84,915,000 class A-4 notes 'AAAsf'; Outlook Stable;

--$25,896,582 certificates Not Rated.

Fitch's stress and rating sensitivity analysis are discussed in the presale report titled 'John Deere Owner Trust 2014-B', dated Aug. 21, 2014, which is available at 'www.fitchratings.com' or by clicking on the link below.

KEY RATING DRIVERS

High Concentration of Agricultural (AG) Equipment: JDOT 2014-B is the seventh transaction to contain 75% AG equipment. Although AG equipment historical losses have been low, a high concentration in the pool limits diversification and exposes the trust to other factors, such as natural disasters (e.g. droughts and floods). However, geographic diversity and equipment versatility help mitigate the high concentration.

Consistent Collateral Concentrations: The pool contains 75.37% AG and 24.63% Construction (CO) equipment. These concentrations are consistent with those of JDOT 2014. Furthermore, the pool consists of 65.66% annual-pay contracts, which historically have experienced a lower level of losses versus other payment types.

Sufficient Credit Enhancement: Initial hard credit enhancement (CE) for JDOT 2014-B is 3.50%, unchanged from JDOT 2014. The initial reserve in JDOT 2014-B is 1.00%, while the subordinated certificates provide 2.50% enhancement. Initial excess spread in JDOT 2014-B is expected to be approximately 1.90%, down from the JDOT 2014 transaction's 2.12%. Under Fitch's 'AAAsf' scenario, CE for the class A notes was able to withstand more than 5.0x the expected net loss rate.

Stable Origination, Underwriting and Servicing: John Deere Capital Corporation (JDCC) has demonstrated strong capabilities as originator, underwriter and servicer, as evidenced by historical delinquency and loss performance of securitized trusts and its managed portfolio. All securitizations issued and rated by Fitch have performed within initial base case expectations.

Integrity of Legal Structure: The legal structure of the transaction should provide that a bankruptcy of the trust would not impair the timeliness of payments on the securities.

RATING SENSITIVITIES

Unanticipated increases in the frequency of defaults and loss severity on defaulted receivables could produce loss levels higher than the base case and could result in potential rating actions on the notes. Fitch evaluated the sensitivity of the ratings assigned to JDOT 2014-B to increased cumulative net losses (CNL) over the life of the transaction. Fitch's analysis found that the transaction displays some sensitivity to increased defaults and CNL, showing a potential downgrade of one category under Fitch's moderate (1.5x base case loss) scenario. The notes could experience downgrades of up to three rating categories, although still remaining investment grade, under Fitch's severe (2.5x base case loss) scenario.

Key Rating Drivers and Rating Sensitivities are further described in the accompanying pre-sale report.

Fitch's analysis of the Representations and Warranties (R&W) of this transaction can be found in 'John Deere Owner Trust 2014-B - Appendix'. These R&W are compared to those of typical R&W for the asset class as detailed in the special report 'Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions' dated April 17, 2012.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Criteria for Rating U.S. Equipment Lease and Loan ABS' (Dec. 19, 2013);

--'Global Structured Finance Rating Criteria' (Aug. 4, 2014);

--'Counterparty Criteria for Structured Finance and Covered Bonds' (May 14, 2014);

--'Criteria for Interest Rate Stresses in Structured Finance Transactions and Covered Bonds' (Jan. 23, 2014);

--'Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions' (April 17, 2012);

--'John Deere Owner Trust 2014-B' (Aug. 21, 2014);

--'John Deere Owner Trust 2014-B- Appendix' (Aug. 21, 2014).

Applicable Criteria and Related Research: John Deere Owner Trust 2014-B (US ABS)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=762888

Criteria for Rating U.S. Equipment Lease and Loan ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=726362

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=754389

Counterparty Criteria for Structured Finance and Covered Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=744158

Criteria for Interest Rate Stresses in Structured Finance Transactions and Covered Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=725537

Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=676496

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=855394

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings

Primary Analyst

Thomas Kaiser, CPA, +1 312-368-2068

Associate Director

Fitch Ratings, Inc.

70 West Madison Street

Chicago, IL 60602

or

Secondary Analyst

Andrew Tinari, +1 312-368-3127

Analyst

or

Committee Chairperson

Bradley Sohl, +1 212-908-0792

Senior Director

or

Media Relations:

Sandro Scenga, +1 212-908-0278

sandro.scenga@fitchratings.com

Source: Fitch Ratings


ZERO Kicks Off Prostate Cancer Awareness Month With 16 Run/Walks Aug 21, 2014 12:05PM

WASHINGTON, Aug. 21, 2014 /PRNewswire-USNewswire/ -- ZERO – The End of Prostate Cancer is hosting 16 run/walk events across the nation during September, Prostate Cancer Awareness Month, to raise funds and awareness to end prostate cancer, a disease that affects one in seven American men.

"Thousands are making a choice for a healthy lifestyle and celebrating Prostate Cancer Awareness Month by walking or running," ZERO CEO Jamie Bearse said. "With the help of our 100-plus local partner network including doctor offices, local charities, and sponsors who come together for our family-friendly run/walk series, we're taking a huge step closer to creating Generation ZERO – the first generation of men free from prostate cancer."

The ZERO Prostate Cancer Run/Walk Series is hosted by ZERO – The End of Prostate Cancer and its local partners, such as urology practices and oncology centers, in 34 cities across the U.S. From Baltimore, MD to Napa Valley, CA. The series brings together cancer patients and survivors and those who care about them to save lives and keep families together. The events have a family-friendly focus, and most consist of a 5K run, 1 mile walk, and a Kids Superhero Dash for Dad. National sponsors include Abbvie, Astellas, Medivation, Janssen, Bayer, Millennium, Patient Access Network Foundation, Auxilium, Tolmar, and Hanna Andersson.

New to the series this year is the ZERO Prostate Cancer Run/Walk – Napa. Napa Valley sisters Sarah Dunn, Amy Donaldson, and Julie Memmott founded the event, formerly called the Blue Ribbon Run, to honor three important men in their lives who were affected by prostate cancer. The sisters lost their grandfather and, very recently, their father to advanced stage prostate cancer. They also have an uncle who was recently diagnosed. All three family members were diagnosed at young ages and prostate cancer has drastically changed their lives and the lives of their families.

"Our father's diagnosis motivated me and my sisters to take a stand against prostate cancer once and for all," said Sarah Dunn. "We joined ZERO's Run/Walk series to be a part of a larger movement and raise awareness on a national level during Prostate Cancer Awareness Month and throughout the year."

To learn more and register for a ZERO Prostate Cancer Run/Walk near you, visit www.zerocancer.org/challenge/run.

About ZERO — The End of Prostate Cancer (www.zerocancer.org)

ZERO - The End of Prostate Cancer is a national nonprofit organization with the mission to end prostate cancer. As a leader in the fight against prostate cancer, ZERO advances research, encourages action, and provides education and support to men and their families.  ZERO's premier programs include the ZERO Prostate Cancer Run/Walk, the largest men's health event series in America. ZERO is a 501c3 charity, a Better Business Bureau member and 84 cents of every dollar donated goes to research and programs. For more information, visit www.zerocancer.org.

Logo - http://photos.prnewswire.com/prnh/20130129/DC50244LOGO

SOURCE ZERO - The End of Prostate Cancer


iAnimate.net Announces Elite Games Animation Workshop 3 - Online Courses Featuring Top Instructors from Leading Games Studios Aug 21, 2014 12:05PM

Los Angeles, CA and Montreal, Canada (PRWEB) August 21, 2014

iAnimate.net announces the Elite Games Animation Workshop 3, an interactive 14-week program directly pairing students with top working animators at the most recognizable game studios in the industry. The workshop offers a collection of master classes designed to sharpen artists' game animation and storytelling skills. Courses begin September 8, 2014.

Watch the iAnimate Games Video.

The Elite Games Animation Workshop 3 includes a series of live talks, demos, reviews, and assignments that are designed to resemble an actual games production pipeline. In the workshop, instructors focus on techniques for games animation, which include timing, creating strong body mechanics, posing characters, player reactions, responsiveness of action, and more. Students also learn how to create interactive battles, cinematics, staging, and integration with popular game engines such as Unity.

"Our Elite Games Workshop brings together students and top animation instructors from triple A games studios around the world to share what it takes to excel in games animation today," says Richard Arroyo, Head of Games Animation, iAnimate.net. "We give our students the tools and techniques they need to showcase their true value and be industry ready for games studios."

THE COURSES AND INSTRUCTORS

Interactive Battles (weeks 1-2): Instructor Kevin Rucker, senior animator at Blizzard Entertainment, kicks off the workshop with the does and don'ts of game animation--from planning parametric sequence references to simplifying the approach to execution.

Workflow, Camera Theory, and Cameras in Practice (weeks 3-5): Instructor Simon Unger, lead animator at Robotoki, has more than 13 years professional animation experience and recently served as animation director on the award-winning "Hitman: Abosolution" for Square Enix. Unger will cover the layout process, parametric animation, posing and framing as well as context, implementation, camera theory and cameras in practice, including basic composition, and how to stage a charcter on screen.

Creature Behaviors (weeks 6-7): Instructor Darryl Purdy, who before joining Eidos was animation director at Warner Bros. Games, Montreal, will use his more than 13 years experience in animation to demonstrate the process--from layout to blocking. Purdy will also cover aligning worlds, setting up sequences, the block-in process, straight ahead and layered animation techniques, and more.

Cinematic and Games Performance/Interactive Games Cinematics (weeks 8-9): Lead Cinematic Animator and Instructor David Lam has more than eight years experience in games animation, working on numerous triple A titles for prominent games studios such as Activision, Lucas Arts, Bungie and Naughty Dog. Lam's courses focus on cinematics, performance, and interactive games, including animation over technology, using references or mocap, keyframing, Interactive Game Cinematics (IGC), and more.

Special Lecture: How We Did It (weeks 10-12): Instructor Kristjan Zadzuk, animation director at Ubisoft Toronto, has more than 15 years industry experience, including credits on Ubisoft's Splinter Cell Blacklist and Assassin's Creed. Zadzuk's course is a special lecture covering "how we did it" for an existing game--from animation, blocking, and setting up sequences to animation tips and techniques, workflow, and more.

The Game Engine (weeks 13-14): Instructor Bennie Terry III has more than 18 years experience as an art director and technical director in the film and games industry, working with companies such as Rhythm & Hues, Disney, and Marvel. Terry will focus on game engine development and analyzing and integrating an animation system.

JOIN THE WORKSHOP

For more details or to apply for the Elite Games Animation Workshop 3, begining September 8, 2014 and ending December 14, 2014, please visit iAnimate.net.

View the iAnimate Games Animation Student Showreel and Previous Games Workshop 3 Student Assignment Video.

ABOUT IANIMATE.NET

iAnimate.net puts students and veteran animators from top studios in direct contact to deliver the most effective online training in the industry. Our instructors are passionate about their craft and are dedicated to giving students the knowledge they need to be the best animators they can be.

iAnimate is a trademark of iAnimate.net. All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12107432.htm


UC Funds Structures and Funds a $7.35 Million Bridge Loan in Corpus Christi, Texas Aug 21, 2014 12:05PM

BOSTON--(BUSINESS WIRE)-- UC Funds is pleased to announce the funding of a $7.35 million acquisition bridge loan on a 218-unit, Class C apartment community located in Corpus Christi, Texas.

The Property is comprised of 22 two-story buildings on a ten acre site. Community amenities include a swimming pool, clubhouse, laundry facilities, and picnic areas. In-unit amenities include walk-in closets, private patios and balconies and bay windows in select units. A portion of the UC Funds loan will be used for renovations to upgrade the roofs, exterior siding and the amenities at the property.

We had a unique opportunity to provide a fast, reliable capital solution to an entrepreneurial sponsor in a new submarket of Corpus Christi,” commented Dan Palmier, President & CEO of UC Funds.

UC Funds

UC Funds is a national balance sheet provider of creative capital solutions that has closed in excess of $750 million in real estate transactions over the last 18 months and looks to surpass the $1 billion dollar mark in 2014.

UC Funds provides quick, customized financial solutions throughout the entire capital stack. For more about the UC Funds’ commercial real estate platform and how we can help capitalize your commercial real estate investments, visit (www.ucfunds.com).

UC Funds

Jamie Redmond, 857-288-2802

jredmond@ucfunds.com

Source: UC Funds


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