International Money Express (IMXI) Q3 Earnings and Revenues Lag Estimates

Western Union (NYSE: WU) and Intermex (NASDAQ: IMXI) said they received regulatory approval from New York’s DFS for Western Union’s pending acquisition of Intermex. They also reported a California DFPI letter suspending a previously granted approval extension, citing a need for further review. The companies plan to engage with DFPI to seek reinstatement and close after remaining conditions.

Western Union (NYSE: WU) and Intermex (NASDAQ: IMXI) updated on regulatory steps for Western Union’s pending acquisition of Intermex. NYDFS approved the deal and Western Union made commitments for New York remittance services and locations. Separately, California DFPI suspended an approval extension and the firms plan to seek reinstatement before closing.

ICICI Bank Ltd. is arranging an offshore syndicated dollar loan of about $1.45 billion, according to people familiar with the matter. It initially signed a roughly $1 billion agreement with Bank of America, then plans to include Mizuho, Mashreqbank and UOB. The four-year loan carries a margin of 110 bps over SOFR, amid RBI swap-facility demand.

General Motors said in an 8-K that it set up a three-year purchasing facility with Procura Auto Parts as purchasing agent and supplier for critical parts. The credit line is $4.5 billion. Procura will pay suppliers, hold inventory, and manage supply-chain risk, while GM reimburses on a schedule. The article cites ongoing chip and materials shortages.

Cargojet reported quarterly revenue of $275.8M and declared a 38.5c per share cash dividend. RBC and BMO agreed to sell Moneris to Francisco Partners for about $2B, expected by end of FY2027 Q1. Barrick reported Q2 profit of $1.22B, revenue $5.29B, and amended Nevada Gold Mines with Newmont. Air Canada will sell 25% of Aeroplan for $2.5B.

NexGen Energy Ltd. began construction on its first uranium mine, the Rook I project, in northern Saskatchewan. The $2.2 billion mine is expected to ramp up over four years to 30 million pounds of uranium annually. NexGen completed a 3,000-foot airstrip and camp, plans to expand the airstrip, and expects a mine shaft in 2027. Construction approval came from Canada’s CNSC on March 5.