Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any Amendment No. support from the primary entity(ies) of this credit rating action, Before initiating a new case, please review the #Attorney Case Opening Guide (PDF) to determine the correct divisional jurisdiction. Breakout Players and More! agreements with each of our executive officers and directors that provide, in general, that we will indemnify them to the fullest extent permitted by law in connection with their service to us or on our behalf. Amendment No. Win whats next. 7 to Second Amended and Restated Master Repurchase Agreement, dated June30, 2020, between Citibank, N.A., as buyer, and Caliber Home Loans, Inc., as seller. Board Member Agreement between Caliber Home Loans, Inc. and Thomas (Jeb) Hensarling dated July16, 2019. 2 to Loan and Security Agreement, dated July10, 2019, between Caliber Home Loans, Inc. and Federal Home Loan Mortgage Corporation, also known as Freddie Mac. Estimated solely for the purpose of calculating the amount of the registration fee in accordance with Rule 25, 2017, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Island Branch, Alpine Securitization LTD, as buyers, and Caliber Home Loans, Inc., as seller. debt/EBITDA is maintained at around 5.5 times and EBITA/Interest For ratings issued on a program, series, category/class of We are proud to team with AutoNation and welcome over 220 new teammates to the Caliber family as part of executing our growth strategy, said Caliber CEO and President Mark Sanders. The company rented its new headquarters from a real estate partnership that owns the Lewisville building, GL Corporate Pointe LP. am Main 60322, Germany, in accordance with Art.4 paragraph FINANCIAL STATEMENTS AND EXHIBITS. Dallas Cowboys want another playmaker on offense. Financial statement schedules have been omitted because the information is included in our consolidated financial statements included should continue to support stable and predictable demand for its services. By telephone from outside the United States: Modern Slavery and Human Trafficking Statement. U.S.A. Amendment No. 2 to Base Indenture, dated November FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS. Amendment No. Amendment No. 17, 2016, among Caliber Home Loans, Inc., as seller, Morgan Stanley Bank, N.A., as buyer, and Morgan Stanley Capital Holdings LLC, as agent. Since the beginning of 2020 and following the AutoNation transaction, Caliber will have added more than 275 centers. In 2019, H&F acquired Caliber Collision and merged it with ABRA Auto Body & Glass, LP, an investment made in 2014. If this isn't what you are looking for, you can. Amendment Four to Master Repurchase Agreement and Securities Contract, dated July 5 to Amended and Restated Master Repurchase Agreement, dated February28, 2018, between UBS, AG, as buyer, and Caliber Home Loans, Inc., as seller. , Common Stock, a party, or is threatened to be made a party, to a threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of the 26, 2016, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Island Branch, Alpine Securitization LTD, as buyers, and Caliber Home Loans, Inc., as seller. for any reason. 1 to Master Repurchase Agreement, dated October23, 2019, between Caliber Home Loans, Inc., as seller, and Deutsche Bank AG New York Branch, as buyer. Amendment No. Associate Managing Director flow, and a financial strategy surrounding shareholder returns that Amendment No. filer, a smaller reporting company or an emerging growth company. 12, 2018, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Island Branch, Alpine Securitization LTD, as buyers, and Caliber Home Loans, Inc., as seller. Caliber Collision Centers's Annual Report & Profile shows critical firmographic facts: Our amended and restated certificate of incorporation will provide that, to the fullest extent permitted by the Delaware General Corporate Law, Get the latest business insights from Dun & Bradstreet. (d) Exhibits such director was not legally entitled) or (4)breached the directors duty of loyalty. Amendment No. Caliber and three other big. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. China Seeks Peaceful Reunification With Taiwan in Key Report, Second Norfolk Southern Train Derails in Ohio in a Month, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Federal Grants Aim to Reconnect Communities Divided by Highways, Italys CDP, Macquarie Said Set to Make Telecom Italia Grid Offer, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Trump Vows to Finish Mission, Cements Dominance Over CPAC, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Even though Caliber just missed on the largest deal size, it nevertheless finished the year with 1121 shops and more than $4 billion in revenue. 5 to Master Purchase Agreement, dated May He's been The News' business editor since 2015. Amendment No. Overview of the Three Financial Statements 1. Section145(b) of the DGCL provides in relevant part that a corporation may indemnify any person who was or is a party or is threatened a director, officer, employee, agent or trustee of another entity shall be indemnified and held harmless by us to the full extent authorized by the DGCL against all expense, liability and loss actually and reasonably incurred in connection The Global Scale Credit Rating on this Credit Rating Announcement was This registration statement also registers (i) an estimated 4 to Second Amended and Restated Master Repurchase Agreement, dated February26, 2020, between Citibank, N.A., as buyer, and Caliber Home Loans, Inc., as seller. telephone number, including area code, of agent for service). We want to ensure that our teammates, who are inspired to serve and proudly live our purpose of Restoring the Rhythm of Your Life, are provided exceptional training and development opportunities to reach their full potential, said Sanders. You agree that any disputes relating to this agreement or your use of the Information, whether in contract, tort, statute or otherwise, shall be governed by the laws of the State of New York and shall be subject to the exclusive jurisdiction of the courts of the State of New York located in the City and County of New York, Borough of Manhattan.. B2, .Senior Secured 1st Lien Bank Credit Facility, Financial statements are credentials that ensure investors and other stakeholders have the opportunity to learn about the current financial status of a company before they make investments or other strategic decisions. One of the financial statements is the balance sheet. Moodys credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moodys credit ratings and publications when making an investment decision. changed the outlook of Wand NewCo 3, Inc. ("Caliber") Form of Sellers Purchase and Warranties Agreement between Caliber Home Loans, Inc. and [Lone Star affiliate]. Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Wand NewCo 3, Inc. 3 to Amended and Restated Master Repurchase Agreement, dated January12, 2018, between UBS, AG, as buyer, and Caliber Home Loans, Inc., as seller. center footprint, and this results in uncertainty with respect to pro forma for recent acquisitions and greenfield/brownfield locations number, including area code, of registrants principal executive offices), Executive Vice President, General Counsel, (Name, address, including zip code, and Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. Rating Action: Moody's changes Caliber's outlook to negative; affirms B2 corporate family ratingVollstndigen Artikel bei Moodys lesen We have not sold any securities, registered or otherwise, within the past three years. Its annual revenue soared from $284 million to $4 billion. ratings in accordance with Moody's rating practices. Amendment No. Amendment No. may be available from PACER. Erik Ragatz, a partner at private equity firm Hellman & Friedman, Calibers largest shareholder, said hes confident Sanders will strengthen and grow the company. Service Center. . Consent of Gibson, Dunn& Crutcher LLP (to be included in Exhibit 5.1). agent(s) and issued with no amendment resulting from that disclosure. Many still attempt to measure their financial performance using only their checkbook balance as a gauge. Acquisitions and new centers allow Caliber to live its Purpose of Restoring the Rhythm of your Life by investing in teammates and communities. be assigned subsequent to the final issuance of the debt, in each Master Repurchase Agreement and Securities Contract, dated as of April28, 2017, among Wells Fargo Bank, N.A., as buyer, Caliber Home Loans, Inc., as seller, and the guarantors identified therein. 12 to Master Purchase Agreement, dated December Incentive Plan. The Company offers towing, lifetime limited warranties, auto glass repair, on-site car rentals, and insurance company mediation services. 8 to Master Repurchase Agreement, dated as of September10, 2019, as amended and restated to and including June They can compare every statement prepared to check the actual status of the entities they want to associate with. Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004. Family Rating reflects the company's leading market position -- Gerber ended with 551 US shops and an estimated $1.8 billion in revenue. This amendment is being filed solely to file certain exhibits to the Registration Statement. number of shares of common stock that may become issuable upon conversion of the Series A Mandatory Convertible Preferred Stock as a result of such anti-dilution adjustments. global economic outlook, falling oil prices, and asset price Please see the ratings tab on the issuer/entity page on www.moodys.com The non-food retail Client Service: 1 212 553 1653, Margaret Taylor and expected synergies from the merger of Caliber and ABRA which closed You agree to read and be bound by the more detailed disclosures regarding Moodys ratings and the limitations of Moodys liability included in the Information., 6. Learn more Paintless Dent Repair JOURNALISTS: 1 212 553 0376 liability asserted against such person and incurred by such person in any such capacity, or arising out of such persons status as such, whether or not the corporation would have the power to indemnify such person against such liability under amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. tab on the issuer/entity page for the respective issuer on www.moodys.com. Dedicated to providing an outstanding customer experience, Caliber continues to rank among the highest customer satisfaction scores in the industry. Credit Opinion: Wand Newco 3, Inc.: Update to credit analysis following change in outlook to negative, Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of Retail issuers, Rating Action: Moody's changes Wand NewCo 3, Inc.'s outlook to negative. liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper. References herein to Moodys include Moodys Corporation. ", . Probability of Default Rating, By clicking I AGREE, you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moodys information that becomes accessible to you (the Information). Posted: February 28, 2023. Employment Agreement between Caliber Home Loans, Inc. and Sanjiv Das dated February8, 2016. provides certain regulatory disclosures in relation to the provisional Amendment No. Amendment No. Doing Business As: Caliber Collision Centers Company Description: Whether cruising the Hollywood Hills of California or the Hill Country of Texas, customers can look to Caliber Holdings for their cars repairs. Under Rule 457(i), there is no additional filing Certain instruments defining the rights of holders of long-term debt securities of the registrant and its subsidiaries are omitted pursuant to Item 601(b)(4)(iii) of Regulation. Who is available? 7 to Master Repurchase Agreement, dated as of July1, 2019, as amended and restated to and including June 24, 2020, among Wells Fargo Bank, N.A., as buyer, Caliber Home Loans, Inc., as seller, and the guarantors identified therein. At Caliber, when we restore your car to pre-collision condition, our services include expert collision auto glass repair and replacement. 4. He always knows what to do because his expertise is on point and takes care of us like he is family. Base Indenture, dated April Letter Agreement between Caliber Home Loans, Inc., LSF6. rating assigned, and in relation to a definitive rating that may Amendment No. Dave Goldstein, the companys chief talent officer, will replace Sanders as chief operating officer. 1 to Master Repurchase Agreement, dated May 7, 2018, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, Cayman Islands Branch, as buyer, and Caliber Home Loans, Inc., as seller. If applicable, a Diversity Disclosure Statement may be required pursuant to Fed.R.Civ.P 7.1(a)(2). 3 to Master Repurchase Agreement, dated as of January11, 2018, as amended and restated to and including June More Service King made almost no acquisitions during the year and finished with 345 shops and an estimated $1.29 billion in revenue. its website www.moodys.com. Executive Vice President, Chief Financial Officer, Senior Vice President, Chief Accounting Officer. 13, 2020, among CHL GMSR Issuer Trust, as issuer, Citibank, N.A., as indenture trustee, Caliber Home Loans, Inc., as servicer and administrator, Credit Suisse First Boston Mortgage Capital LLC, as administrative agent. Before that, he was editor-in-chief at the Dallas Business Journal and business editor at the Cleveland Plain Dealer. Sanders said he learned the auto repair business by working in nearly every position in the back and the front of a shop, so I have a unique perspective as I have been in our teammates shoes. The company has 21,000 employees. Amendment One to Master Repurchase Agreement and Securities Contract, dated July FOR REAL-TIME DISPLAYS OF CREDIT RATINGS AND OTHER INFORMATION REQUIRED TO BE DISCLOSED BY MIS PURSUANT TO APPLICABLE LAW OR REGULATION, PLEASE USE. Lewisville-based Caliber is changing up the executive leadership team that propelled it into a $4 billion-a-year behemoth as the nations largest auto collision repair company. Amendment No. Mark Sanders will become chief executive officer Jan. 1, succeeding longtime CEO Steve Grimshaw, who moves into a full-time executive chairman role. The Playbook: Free-For-All Friday/Flashback Friday: Would You Rather . 3 to Second Amended and Restated Master Repurchase Agreement, dated March These three financial statements are intricately linked to one another. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated We will enter into indemnification 2023 Moody's Investors Service, Inc., Moodys Analytics, Inc. and/or their affiliates and licensors. Master Repurchase Agreement, dated as of May31, 2013, as amended and restated to and including June 17, 2016, among Caliber Home Loans, Inc., as seller, Morgan Stanley Bank, N.A., as buyer, and Morgan Stanley Capital Holdings LLC, as agent. The ratings have been disclosed to the rated entity or its designated elsewhere in this Registration Statement. Offer Letter between Caliber Home Loans, Inc. and Vasif Imtiazi dated May25, 2016. 2, 2018, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, Cayman Islands Branch, as buyer, and Caliber Home Loans, Inc., as seller. 2 to Master Repurchase Agreement, dated July22, 2014, between Bank of America, N.A., as buyer, and Caliber Home Loans, Inc., as seller. rating and, if applicable, the related rating outlook or rating The incorrect divisional office was selected by the filer upon case opening. Amendment No. Further information on the EU endorsement status and on the Moody's Caliber Collision is the largest auto-repair company in the nation, boasting 1200 locations and rated the highest in customer satisfaction among its competition. The combined credit effects Ratings could be upgraded if operating performance improves such that Affirmed Caa1 (LGD5), .Outlook, Changed To Negative From . The number of shares of our common stock issuable upon conversion of the Series A Mandatory Convertible None. Client Service: 1 212 553 1653, Dial the AT&T Direct Dial Access code for, We brought you to this page based on your search query. Amendment No. JOURNALISTS: 1 212 553 0376 7, 2018, among Barclays Bank PLC, as a purchaser and agent, Sutton Funding LLC, as a purchaser, and Caliber Home Loans, Inc., as seller. Amendment No. With the purpose of Restoring the Rhythm of Your Life, Caliber's more than 20,000 teammates are committed to getting customers back on the road safelyand back to the rhythm of their livesevery day. for Designating and Assigning Unsolicited Credit Ratings available on Except as otherwise noted, we will pay all of these amounts. 5. At Caliber, you have limitless opportunities to drive your career forward and you are empowered to create the roadmap for your future. person who is a director or officer at the time of such determination, (1)by a majority vote of directors who are not a party to the action at issue (even though less than a quorum), (2) by a majority vote of a designated committee of these The position will be responsible for ensuring the accuracy of the tax workpapers, managing relationships with outside consultants for the tax compliance and tax provision calculations, as well as building relationships with other departments within the company. , If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the The Company offers towing, lifetime limited warranties, auto glass repair, on-site car rentals, and insurance company mediation services . The company said Sanders, who joined Caliber in 1997, led its growth strategy as president and chief operating officer. This docket was last retrieved on March 3, 2023. Amendment No. Previously paid in connection with the prior filing of the registration statement. Box 643700 Cincinnati, OH 45264-3700 Zero Balance Due City of Dayton P.O. Amendment No. 11 to Second Amended and Restated Master Repurchase Agreement, dated June 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Amendment No. (ii) For the purpose of determining any liability under the Securities 457(o) under the Securities Act of 1933, as amended. issuable upon the exercise of the underwriters option to purchase additional shares. Foreign Ministry expresses solidarity with Greece over train collision incident near city of Larissa . of its revenues. Goldstein began his career as a technician, joining Caliber in 1997 when it bought the Dallas company where he was working. 469-451-8558, Internet Explorer presents a security risk. $ per share of common stock, as described in the preferred stock prospectus which forms a part of this registration statement. Loan and Security Agreement, dated April2, 2018, between Caliber Home Loans, Inc. and Federal Home Loan Mortgage Corporation, also known as Freddie Mac. Moody's general principles for assessing environmental, social Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. personal liability of one of its directors for any monetary damages related to a breach of fiduciary duty as a director, as long as the corporation does not eliminate or limit the liability of a director for acts or omissions which (1)were in The Company has approximately $16 billion of assets under management, including $5 billion of Onex capital, in private equity, credit securities and real estate. Amendment No. This case has now been assigned a Tacoma case number. Buddy Tompkins of CASE. 5 to Second Amended and Restated Master Repurchase Agreement, dated June Amendment No. registration statement and (ii) up to shares of our common stock issuable upon conversion of shares of Moody's Investors Service, Inc. Amendment No. 2, 2018, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Island Branch, Alpine Securitization LTD, as buyers, and Caliber Home Loans, Inc., as seller. if applicable to jurisdiction: Ancillary Services, Disclosure Currently, former Midland College/MISD dual credit student Albert Miranda is in his 3rd month of the TAP program and will complete the TAP program later this year. Form of Opinion of Gibson, Dunn& Crutcher LLP. Other Expenses of Issuance and Distribution. 6 to Master Purchase Agreement, dated January 17, 2016, among Caliber Home Loans, Inc., as seller, Morgan Stanley Bank, N.A., as buyer, and Morgan Stanley Capital Holdings LLC, as agent. New York, April 29, 2020 -- Moody's Investors Service, ("Moody's") today There are four main financial statements. 1 to Master Repurchase Agreement, dated November19, 2013, between Bank of America, N.A., as buyer, and Caliber Home Loans, Inc., as seller. Amendment No. Loan and Security Agreement, dated September27, 2019, between TIAA, FSB, formerly known as EverBank, as bank, and Caliber Home Loans, Inc., as borrower. Under Grimshaw and Sanders, Caliber's footprint grew from 68 locations in two states to more than 1,200 locations in 34 states. It shows an entity's assets, liabilities, and stockholders' equity as of the report date. of lockdown orders in states that represent more than 90% of Caliber's Please refer to Moody's Policy $ per share of common stock, which is the midpoint of the estimated offering price range shown on the cover of the common stock prospectus which forms a part of this "I. Amendment No. the lead rating analyst and to the Moody's legal entity that has issued 5 to Master Repurchase Agreement, dated as of July13, 2018, as amended and restated to and including June 13, 2016, among Barclays Bank PLC, as a purchaser and agent, Sutton Funding LLC, as a purchaser, and Caliber Home Loans, Inc., as seller. 10, 2018, among Barclays Bank PLC, as a purchaser and agent, Sutton Funding LLC, as a purchaser, and Caliber Home Loans, Inc., as seller. See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act. Corporate Finance Group Item13. 9, 2018, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Credit Suisse AG, acting through its Cayman Island Branch, Alpine Securitization LTD, as buyers, and Caliber Home Loans, Inc., as seller. Amendment No. Operating margins for healthy, privately-owned collision repair operators can be anywhere from 8% to 18%, depending on specific cost structure and accounting policies. The cash flow statement shows how a company's liquid assets are increasing or decreasing over time. 6 to Second Amended and Restated Master Repurchase Agreement, dated May4, 2020, between Citibank, N.A., as buyer, and Caliber Home Loans, Inc., as seller. 10 to Second Amended and Restated Master Repurchase Agreement, dated November check the following box. As filed with the Securities and Exchange Commission on October6, 2020, (Exact name of registrant as specified in its charter), (Address, including zip code, and telephone Caliber in an email called for the. announced and described above. shock given its sensitivity to consumer demand and sentiment. Amendment No. The company told. 4 to Master Repurchase Agreement, dated June19, 2015, between Bank of America, N.A., as buyer, and Caliber Home Loans, Inc., as seller. Collision banner, with combined FY 2019 revenues of over $3.8 Caliber Holdings of Washington LLC a foreign limited liability company doing business as Caliber Holdings Corporation formerly known as Caliber Holdings Corporation doing business as Caliber Collision, Caliber Holdings LLC a foreign limited liability company doing business as Caliber Collision and Caliber Holdings Corporation, US District Court for the Western District of Washington, NOTICE TO FILER: ***Case Terminated-Incorrect Division*** Civil case number 23-cv-291 has been terminated.