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NOVOS FiBER and PRIME FiBER close $75M debt facility in a deal led by Woodforest National Bank

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DALLAS, Oct. 8, 2024 /PRNewswire/ — NOVOS FiBER, a retail fiber-to-the-home (FTTH) internet service provider (ISP) and its sister company, PRIME FiBER, a commercial open-access fiber infrastructure company, announced today the closing of their first senior secured debt facility through their holding company, IL Fiber TopCo LLC, giving the companies joint access to up to $175M, including a $100M accordion. The round was led by Woodforest National Bank and the syndicate included Third Coast Bank and Sunflower Bank.

NOVOS FiBER is currently serving customers across the Dallas-Fort Worth area whilst PRIME FiBER has started a major construction program in Bonita Springs and Naples, Florida. Both NOVOS FiBER and PRIME FiBER are backed by InLight Capital, a private investment firm based in Sugar Land, Texas. 

Sutton Fannon, Head of Private Investments at InLight Capital, commented on the deal saying, “This is a sizable facility relative to where we are in our journey and we very much appreciate the trust Woodforest, Third Coast and Sunflower have placed in us.” Jarrod Watson, CFO of NOVOS FiBER and PRIME FiBER added, “It’s a testament to the team’s progress, and the additional capital will enable both businesses to accelerate their projects, particularly in 2025.” 

Andrew Snead, CEO of NOVOS FiBER and PRIME FiBER, went on to say, “This is a scale game, and the market is becoming increasingly competitive. We’re focusing on executing with the right build economics, at speed. Capital is key and we’re fortunate to have access to sizable equity and debt funding.”

“Our team is excited to lead the credit structuring in support of NOVOS FiBER and PRIME FiBER’s, continued expansion,” said Ryan Voorhies, Executive Vice President, Group Head TMT Banking of Woodforest National Bank. “The management team has demonstrated an ability to execute, and we believe they’ll continue to do well as they expand their infrastructure and operations.”

About NOVOS FiBER
NOVOS FiBER is a fiber-to-the-home (FTTH) provider focused on providing affordable and reliable high-speed fiber internet to customers. They place a particularly strong focus on customer service and community engagement. The company was founded by Andrew Snead and is funded by InLight Capital, a Sugar Land based private investment firm.

About PRIME FiBER
PRIME FiBER is an open-access fiber-to-the-home (FTTH) infrastructure provider serving ISPs (Internet Service Providers), infrastructure consolidators and enterprises across the US. PRIME FiBER is funded by InLight Capital, a private investment firm based in Sugar Land, Texas.

About InLight Capital
InLight Capital, LLC (“InLight”) is a private investment firm based in Sugar Land, Texas. InLight’s permanent capital base allows us to pursue an objective of long duration compounded capital growth. InLight maintains flexibility and discretion of the amount, duration and objectives of its invested capital, allowing for efficient decision making and strategic alignment with all stakeholders. InLight invests across two primary verticals: private investments and real estate.

About Woodforest National Bank
Woodforest National Bank is a leading privately owned bank that has provided excellent customer service since 1980. Woodforest offers a wide variety of services to their customers and has extensive experience in lending with over $6 billion in loans on their balance sheet. The bank offers loans such as lines of credit and term loans to commercial customers.

CONTACT: Lauren Schaefer, lauren.schaefer@novosfiber.com

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SOURCE NOVOS FiBER

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EPAM Announces Date for Third Quarter 2024 Earnings Release and Conference Call

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NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, November 7, 2024, to discuss its third quarter 2024 financial results. A news release containing these results will be issued before the call. 

The conference call will be live on the EPAM website at https://investors.epam.com

Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay will be available in the Investor Relations section of the website.

ABOUT EPAM SYSTEMS
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by fusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively.

We deliver globally, but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners and our people around the world.

We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services as well as a leader in the 2023 Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide.*

Learn more at www.epam.com and follow us on LinkedIn.

*Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Forward-Looking Statement 
This press release includes certain statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Such forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. Those future events and trends may relate to, among other things, the closing of the Acquisition, which may not close on the terms or timing anticipated, or at all, the satisfaction or waiver of any conditions to the closing of the Acquisition, the anticipated impacts or benefits of the Acquisition, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in our most recent Annual Report on Form 10-K and the factors discussed in our Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and other filings with the Securities and Exchange Commission. Although we believe that these forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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SOURCE EPAM Systems, Inc.

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CarParts.com Sets Third Quarter 2024 Conference Call for Tuesday, October 29, 2024

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TORRANCE, Calif., Oct. 8, 2024 /PRNewswire/ — CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Tuesday, October 29, 2024 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results for the third quarter ended September 28, 2024. The results will be reported in a press release prior to the call.

CarParts.com, Inc. CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker will host the conference call live via an audio webcast, followed by a question and answer period. To access the conference call as a participant, please pre-register using this link. Registrants will receive a confirmation email with dial-in details.

The live webcast of the event can be accessed at www.carparts.com/investor/news-events.
A replay of the webcast will be archived on the company’s website at www.carparts.com/investor.

About CarParts.com, Inc.
CarParts.com, Inc. is a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories. Operating for over 25 years, CarParts.com has established itself as a premier destination for drivers seeking repair and maintenance solutions. Our commitment lies in placing the customer at the forefront of our operations, evident in our easy-to-use, mobile-friendly website and app. With a commitment to affordability and customer satisfaction, CarParts.com simplifies the automotive repair process, aiming to eliminate the uncertainty and stress often associated with vehicle maintenance. Backed by a robust company-operated fulfillment network, we ensure swift delivery of top-quality parts from leading brands to customers across the nation.

At CarParts.com, our global team is united by a shared vision: Empowering Drivers Along Their Journey.

CarParts.com is headquartered in Torrance, California.

Investor Relations:
Ryan Lockwood
IR@carparts.com

Media Relations:
Tina Mirfarsi
tina@carparts.com

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SOURCE CarParts.com, Inc.

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Gen to Announce Fiscal 2025 Second Quarter Results on October 30, 2024

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TEMPE, Ariz. and PRAGUE, Oct. 8, 2024 /PRNewswire/ — Gen Digital Inc. (NASDAQ: GEN) today announced that its fiscal 2025 second quarter financial results will be released Wednesday, October 30, 2024, after market close. Following the press release, Gen management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET.

Fiscal 2025 Q2 Earnings Call
October 30, 2024
2 p.m. PT / 5 p.m. ET
Conference call dial-in and live webcast link available on Investor.GenDigital.com 

About Gen
Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to nearly 500 million users in more than 150 countries. Learn more at www.GenDigital.com

Investor Contact

Media Contact 

Jason Starr

Audra Proctor

Gen 

Gen

IR@GenDigital.com

Press@GenDigital.com

 

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SOURCE Gen Digital Inc.

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