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.
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
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.
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)
Criteria for Rating U.S. Equipment Lease and Loan ABS
Global Structured Finance Rating Criteria
Counterparty Criteria for Structured Finance and Covered Bonds
Criteria for Interest Rate Stresses in Structured Finance Transactions and Covered Bonds
Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions
Thomas Kaiser, CPA, +1 312-368-2068
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
Andrew Tinari, +1 312-368-3127
Bradley Sohl, +1 212-908-0792
Sandro Scenga, +1 212-908-0278
Source: Fitch Ratings
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.
SOURCE ZERO - The End of Prostate Cancer
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.
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
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 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).
Jamie Redmond, 857-288-2802
Source: UC Funds
More Press ReleasesView Older Stories
TNT Lands Rights to Lionsgate's Hunger Games and Divergent Franchises
Infonetics Report Recognizes Star2Star's Success In The Midmarket
"Fall in Love" with District at Greenbriar
2014 is Fourth Consecutive Year on Inc. 5000 List for Leading Mobile Video System Manufacturer
Personal Injury Attorney Joseph Haselton Comments on Recent air bag Recalls and the Potential Danger of Manufacturer Defects
Turner Team at 7 Bryant Park Tops Out, Completes Concrete Work
Subsidize Green Energy by Taxing Consumption of Electricity, Asserts Article from MRS Energy & Sustainability--A Review Journal
Allstar Products Selects DNA Response as Exclusive Channel Partner to Manage Online Marketplaces
North America Water Soluble Fertilizers Market is Expected to Reach $4,739.7 Million in 2018 - New Report by MicroMarket Monitor
Norway's Green IaaS Company, Fjord IT, Brings ElasticBox's IT as a Service Approach To Customers to Collaboratively Build and Evolve Business Applications In Real Time
Entries Open for 2014 HREI Insights Awards™
Hotel in Munich Confirms Renewal of Partnership With 'Golden Tablet' for 2014
Nancy Writebol, SIM Missionary Stricken with Ebola Virus, Declared Virus-Free and Discharged from Hospital Tuesday
Boopsie and TakeLessons Launch Strategic Partnership to Provide Libraries with Access to Local Instructors
GreenGeeks Makes Inc. 500-5000 America Fastest Growing Companies List 2nd Year in a Row
Raga Cycle of Shakti Guitar Follows The Sun
Quantum Energy Issues Shareholder Update
Diving Into the New Animus With Assassin's Creed® Memories
STW Secures Major Water Processing Project For Oil & Gas Operations With Landowner In The Permian Basin
FAIR Canada Announces New Funding From Regulators
HumanTouch Opens New Technology Facility in Quantico, Virginia
Diener Precision Pumps Turns 20
Software Company Anahata Offers Services to Perth's Information Media Industry
Finacity Facilitates $55 Million Off-Balance Sheet (IFRS De-Recognition) Receivables Securitization Program for Greek Multinational Client
Cheerleading Apparel Company Chassé Awards All-Star Cheerleaders Jennifer Burke and Maison Baker With College Scholarships
New "Playbook" Aims to Eliminate Early Elective Deliveries in the United States
Maximise VMware Investment with BRidgeIT, Bringing iSCSI Simplicity Whilst Sweating Fibre Channel Assets
Altria Increases Quarterly Dividend by 8.3% to $0.52 per Common Share
Huawei Sponsors VMworld 2014
BrightEdge Delivers Unrivaled Content Marketing Technology to Marketers Everywhere
Tickets on sale for Jay Leno's performance at UNTHSC Foundation's 'An Evening with a Legend'
Citrix Collaboration with Google Delivers New Receiver for Chrome and Advanced Features for Chromebook Users
Graystone Company Copper Campaign #2 Update
“UnFair: Exposing the IRS,” a Documentary Event Challenging the Internal Revenue Service’s Practices, Coming to Select U.S. Cinemas on October 14
Did They Cheat Enterprises Inc. Launches the First Self-Detective Website the DTC Network
Invoca Named to Inc. 500 List of Fastest-Growing Private Companies
Flushing Financial Corporation to Meet With Institutional Investors
AEG Live and NCM Bring the Most Popular Recording Artists and the Biggest Concert Tours to the Big Screen
Gartner Includes Optimum Energy in “Cool Vendors in Data Center Infrastructure Management, Power and Cooling 2014” Report
Zephyr Real Estate Agent Oliver Burgelman Creates Tech Shuttle Stops Web App
Stephen J Smith, Ph.D., Joins the Allen Institute for Brain Science as Senior Investigator
Willis Teams With FusionHealth to Help Firms Address Risks Associated With Sleep Disorders
Reliant Asset Management Ranked 3rd Fastest Growing U.S. Private Company by Inc. Magazine
CloudRunner Announces New Relationship with Dell Software
Monitis Announces Launch of Real User Monitoring
Visiting Scientist and Engineer Expand Discoveries at Allen Institute for Brain Science
Projector Lamps for Schools and Universities now available at www.PurelandSupply.com
Launch Date For Lockheed Martin-Built CLIO Satellite Set For September 16
SKYDEX Enters the Pet Products Market with their Wake&Wag Dog Bed
Cogensia Continues to Expand with the Announcement of 8 New Hires for Customer-Centric Marketing