Enesco, LLC Completes Refinancing of its Senior Debt Facility with JPMorgan Chase; Agreement Will Provide Liquidity to Fuel Growth

ITASCA, Ill.--(BUSINESS WIRE)--Thomas G. Bowles, CEO of Enesco, LLC (Enesco), the leading global designer, producer and marketer of branded giftware, home decor and plush toys, announced the completion of a new $82 million senior bank facility led by JPMorgan Chase Bank, N.A. This new facility, made possible by Enesco's strong financial performance in 2011 and 2012 year-to-date, will provide the company with more working capital flexibility and the liquidity to fuel future growth.

?Given the company's recent accomplishments, the timing was right to refinance?

"Given the company's recent accomplishments, the timing was right to refinance," Bowles said. "We are delighted with the financial flexibility this gives the company."

"The new credit facility is a tangible recognition of the progress made by our entire Enesco team and the success of the individual brands," Bowles continued. "This will allow the company to focus on growing the business, implementing our aggressive go-to-market strategies and leveraging opportunities in the marketplace."

Enesco is majority owned by Tinicum Capital Partners II, L.P., a private investment partnership based in New York. Tinicum Capital Partners has committed intensive financial and strategic resources to the business over the past five years.

"We have worked closely with the management team over the past several years, providing operational and strategic guidance," said Bob Kelly, a partner at Tinicum. "By building a strong team, creating market right, innovative products and nurturing the companies great brands, all the while controlling expenses, reducing inventories, enhancing margins and now adding this new credit facility, the company is on a solid footing for substantial future growth."

About Enesco

Enesco, LLC is a global leader in the giftware and home and garden d?cor industries serving more than 30,000 customers worldwide. Enesco's products include some of the world's most recognizable brands in its trading space including: Department 56 Villages, Gund Teddy Bears, Jim Shore's Disney Traditions, The Grinch, Disney, Peanuts, Dr. Seuss, Snowbabies, Possible Dreams, Sesame Street, Boyd's Bears, Ugly Dolls and many others. Enesco distributes its products to a wide variety of specialty card and gift retailers, home d?cor boutiques, department stores, as well as large national chains and direct mail retailers. For more information, visit www.Enesco.com.

Source: http://www.businesswire.com/news/home/20120629005796/en/Enesco-LLC-Completes-Refinancing-Senior-Debt-Facility

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Simple Real Estate Definitions : Right To Cancel

As part of the federal Truth-in-Lending Act, refinancing homeowners are granted a 3-day ?cooling off? period post-closing during which they retain the right to rescind, or ?cancel?, their recent refinance without penalty or cost.

The Right To Cancel is protection against surprises at closing and/or a change of heart. It?s also a safety valve for homeowners signing paperwork under duress. With 3 days to revisit and rethink the terms of a loan, a homeowner can maintain tighter control of his/her financial situation.?

If you ever have the wish (or need) to execute your right to rescind, be aware that the process is a formal one. The required steps must be completed on-time, and in order, or else your request will be invalid.

The process starts with a document labeled ?Right To Cancel?. It?s included in your closing package and lists the terms of a rescission in straight-forward language. Among the key points :

1. You have 3 business days during which to cancel your loan
2. When you cancel the refinance, the entire transaction is cancelled
3. You must submit your Right To Cancel in writing

?Business day? is defined by the government to be every day, save for Sundays and federal holidays. A loan that closes on a Monday, therefore, must be rescinded prior to Friday at 12:00 AM.

Typically, rescission requests are faxed to the settlement agent, notary, or title company assigned with the refinance. It?s good practice to ask for an acknowledgement of receipt as proof of delivery, too.

There are some refinances for which the Right to Cancel does not apply, however. This includes refinances linked to an investment property, and loans not collateralized by residential real estate. There are other conditions, too, that may supersede your right to rescind so be sure to ask your lender.

Source: http://www.shannonodom.com/2012/06/real-estate-definitions/right-to-rescind-cancel/?utm_source=rss&utm_medium=rss&utm_campaign=right-to-rescind-cancel

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Bingo: The art of bingo - Gambling News Source

Played within the UK, the United States and beyond, the game of bingo is one which the vast majority of us will be familiar with. From humble beginnings to widespread popularity, the game has become an integral part of British culture and for UK residents there is no better pastime.

Read the rest >>

Thu, June 28th, 2012

Related Bingo News:

Interesting gambling information:

• Men and women tend to have different preferences in their gambling. Men are more likely to gamble in games such as blackjack and lotteries and women are more likely to engage in bingo and raffles.
• The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
• The second oldest casino hotel resort on the Las Vegas Strip was the Last Frontier and it opened in October of 1942. It had 105 guestrooms and the property was made to look like an old western town. The first casino hotel resort opened just 18 months earlier and was called El Rancho.
• Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.

Source: http://www.gambling-news-source.com/2012/06/28/art-bingo-76445/

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Federer, Djokovic enter third round as women seeds exit

Six-time winner Roger Federer and defending champion Novak Djokovic cruised into the Wimbledon third round as the women's draw was blown wide open with the shock exits of three top seeds.

Federer enjoyed a trouble-free 6-1, 6-3, 6-2 win over Italy's Fabio Fognini in a regal performance witnessed by Britain's Prince Charles, who was making his first visit to the All England Club in more than 40 years.

The third-seeded Swiss took just 74 minutes to defeat Fognini, who even received a quick lesson in bowing from Federer before walking onto Centre Court where Charles was watching with his wife Camilla from the royal box.

Federer, chasing Pete Sampras's record of seven Wimbledon titles, fired 13 aces and 35 winners and has lost just nine games in his first two rounds.

"I'm very happy to have won and to be back on Centre Court. It's great to have that feeling and to see Charles and Camilla up there is just great for tennis," said Federer.

"We were told beforehand that they were coming and we were asked to bow. We said no problem."

Federer, who has lost in the quarter-finals for two years running, next faces France's Julien Benneteau for a place in the last 16.

World number one Djokovic defeated America's Ryan Harrison 6-4, 6-4, 6-4 under the Centre Court roof in a match which finished just before 10:00pm (2100 GMT).

The Serb next tackles either Czech 28th seed Radek Stepanek or Benjamin Becker of Germany.

"It was more difficult than the scoreline suggests. It was a great match and I was in trouble in the second set," said top seed Djokovic, who fought off six break points in the sixth game of the second set.

"But under the roof, the conditions were difficult and you had to adjust your movements."

Women's top seed Maria Sharapova was leading Bulgaria's Tsvetana Pironkova when bad light halted play on Court One. The Russian was 7-6 (7/3), 3-1 in her second round match.

Sharapova had recovered from 5-2 down to take the first set in a tie-break.

The bottom half of the women's draw opened up with fifth-seeded US Open champion Samantha Stosur and seventh-seeded Caroline Wozniacki both knocked out.

Stosur had not been past the third round in nine previous visits to the All England Club and that miserable sequence was extended with a 6-2, 0-6, 6-4 defeat against world number 72 Arantxa Rus of the Netherlands.

"This year I hated the grass a little bit less than in previous years," said Stosur, whose defeat meant that there are no Australian men or women in the third round for the first time since 1939.

"I still love playing at Wimbledon, but obviously it hasn't been my best tournament."

Tamira Paszek saved two match points to send Wozniacki crashing out in the first round under the Centre Court roof.

The 21-year-old Austrian, fresh from claiming the grasscourt title in Eastbourne at the weekend, prevailed in a three hour, 12-minute marathon to win the first round clash 5-7, 7-6 (7/4), 6-4.

Also making a second round exit for the second successive year was Chinese 11th seed Li Na, the 2011 French Open winner, who slumped to a 6-3, 6-4 defeat to Romania's Sorana Cirstea.

But there were no problems for third seed Agnieszka Radwanska of Poland who defeated Russia's Elena Vesnina, the first-round conqueror of Venus Williams, 6-2, 6-1.

Radwanska next meets Heather Watson who ended Britain's 10-year wait to have a woman in the third round by sweeping to a 6-1, 6-4 victory over America's Jamie Hampton.

Four-time Grand Slam title winner Kim Clijsters, playing her last Wimbledon before retirement, eased into the third round with a 6-3, 6-3 win over Andrea Hlavackova of the Czech Republic.

Italy's 10th seed Sara Errani, the French Open runner-up, needed just seven seconds to complete her 6-1, 6-3 first round win over American qualifier Coco Vandeweghe after the tie had been rained off Tuesday.

Errani had been on match point but on the resumption she didn't have to hit a ball as her opponent handed her victory with a double fault.

Also making progress was former world number one Ana Ivanovic, the 14th seed from Serbia, who defeated Spain's Maria Jose Martinez 6-3, 3-6, 6-3, and German 15th seed Sabine Lisicki.

Last year's semi-finalist Lisicki reached the third round, beating Serbia's Bojana Jovanovski 3-6, 6-2, 8-6.

Source: http://news.yahoo.com/federer-cruises-wimbledon-third-round-133453817--ten.html

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Planning For Real Estate With Estate Planning | YodZiaN.CoM ...

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One of the most important considerations you will need to make in regards to your real estate holdings and your estate includes tax planning. If not handled properly, your estate could end up getting hit with significant losses due to taxes after your demise. To protect yourself and your estate against this possibility, it?s important to plan for your real estate with estate planning.

First, it?s important to understand exactly what estate planning is and what it is not. Estate planning goes far beyond the simple drafting of a will. In essence, an estate is the total property, both real and personal, that is owned by an individual prior to distribution through a trust or a will. The act of planning your estate involves distribution of the real and personal property to your heirs, taking into consideration all the applicable laws, regulations and possible tax considerations.

The goal of estate planning is to preserve the most amount of your wealth possible for the intended beneficiaries; prior to your death. Due consideration of this must be entered into in order to avoid penalties related to certain Federal and State tax laws. Otherwise the property and wealth that you struggled to earn and obtain during your lifetime could easily be lost to the ravages of poor estate planning after your death instead of benefiting your heirs as you intended.

Wills and trusts are two instruments which are commonly used in estate planning. They have different purposes and very different outcomes, however. Wills are subject to probate court and if they are contested; the result can be a length and costly legal battle. In some cases, the majority of an estate has been whittled away the costs associated with a contested will. It is possible in some situations to avoid probate through the use of a trust and therefore avoid the risk of a long drawn out and expensive legal battle. A trust is used when property is held by one or more persons for the benefit of one or more other persons known as beneficiaries. The holder may be a separate trustee or a beneficiary. A trust is commonly used when there are minor children as heirs; although it could be used for other purposes. Other considerations to avoid possible negative tax impacts on you real estate include lifetime gifts and gifts made while you are still alive.

In some cases you may find that charitable gift contributions are a good way to go because you can take advantage of immediate tax savings as well as future tax savings. Under some circumstances you may be able to avoid the capital gains tax you would accrue if you sold a property as well as take an income tax charitable deduction for the property?s full market value when you use it to make an outright gift. Since the property will be removed from you estate, this will also provide future tax savings. Some individuals also choose to plan for their real estate by generating income through a charitable remainder in order to receive income either for life or during a specified term of years.

If you own real estate it is critical that you take care of it with carefully crafted estate planning early on. This can help you to anticipate economic changes without being hit with severe economic impacts later on.

Nicole Soltau is the President and Founder of CreditUnionRate.com.
The Leading Credit Union Directory.
Search, Find, Join.
http://CreditUnionRate.com

Written By : Nicole Soltau

Source: http://www.yodzian.com/html/content/planning-for-real-estate-with-estate-planning/

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commercial outdoor power equipment - Commercial Power ...

When used properly, commercial sprayers can help groundskeepers maintain their properties more efficiently. Sprayers can hold various solutions and chemicals to control pests, plant growth, bacteria and other elements that affect a property's landscaping. When solutions are applied with a sprayer wand, this ensures even application which can be regulated by the person using the equipment.

Solutions There is a variety of chemicals and solutions that can be applied to any property. The application of pesticides to destroy insects and molds or fungi on plants is important to properties where appearance and health of plant materials is paramount. For example, shrubbery that is chewed up by moths, insects and other bugs can be salvaged with organic and chemical applications. Spreading them evenly in specific areas can prevent an additional problem or save the plant from dying. Spraying grass, plants, trees or surfaces can also act as an inhibitor to keep insects such as ants or ticks from congregating and infesting an area. When using professional sprayers, groundskeepers should follow all regulations regarding pesticides and pesticide applications. The sprayer containers should be used for only one type of chemical and labeled accordingly. The container should also be cleaned regularly in between uses. This prevents any cross-contamination or chemical reactions which can cause safety risks and environmental hazards. When a solution is added to the sprayer, some models mark the tanks in metric measurements as well as standard gallons and pints to ensure the proper mixture.

Comfort Using professional sprayers for several hours at a time can be taxing. There are many features now available to make the user more comfortable. On backpack models, for example, the shoulder straps should have cushioned adjustable straps. Comfort grips on handles and ergonomic designs for handheld and backpack models also make the job easier.

Styles Commercial sprayers are available in two main styles, handheld or backpack. Like many types of commercial outdoor power equipment, many workers prefer to use a backpack. This evenly distributes the weight and prevents the user from getting blisters or hand cramps. Many backpacks have a support frame on the bottom that makes it easier to set down securely in an upright position when the applicator is taking a break to reload or to examine an area. For those with back problems or who have a lighter body weight, the handheld version is preferred. Handheld styles usually offer grips on the handles, which increases safety and makes it easier to maneuver the machine.

Keywords: commercial outdoor power equipment, commercial sprayers, professional sprayers

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APNewsBreak: 2 terror suspects arrested in London

LONDON (AP) ? London police have detained two British Muslim converts on suspicion of terror offenses Thursday, a U.K. security official told The Associated Press.

The official, who spoke only on condition of anonymity because he was not authorized to speak publicly, said it wasn't clear whether the arrests were related to the upcoming Olympic Games. Security is tight ahead of the London games, which begin on July 27.

"This doesn't appear to be a big investigation, but it's still early days," he said, downplaying the importance of the arrests.

Scotland Yard identified the men as an 18-year-old and a 32-year-old, but didn't give their names. The force said in a statement the pair was arrested early Thursday at separate addresses in east London.

A man who identified himself as a friend of the detainees identified the 18-year-old as Jamal ud-Din and said the older man was someone he knew only as "Zakariya."

Mizanur Rahman, 29, said the arrests "might have had something to do with the fact that they recently went canoeing" on the River Lee, a branch of which runs through the Olympic site in east London. He said the pair also recently went shooting with an air rifle in Essex, a largely suburban and rural county east of London.

Rahman said he saw nothing amiss with the activities. "It's just people trying to get into the Olympic spirit," he said, adding that he believed authorities would try "painting it as jihad training."

Rahman pointed the AP to what he said was a photograph of ud-Din. The picture showed a stocky, pale-faced man with a bushy red beard and it appeared to match a man who appeared last year in a YouTube video entitled "The Test of Allah by Jamal ud Deen."

The speaker on the video, who Rahman confirmed was ud-Din, expresses contempt for democracy and non-Muslims, admiration for Islamist firebrands including jailed Egyptian preacher Abu Hamza, and anger at the Danish cartoons which infamously caricatured Muhammad ? whom Muslims revere as a prophet.

At one point the speaker approvingly quotes someone he refers to only as "the sheikh."

"We're not like the Christians; if you slap us on the left cheek, we'll slap you back," he tells an unseen audience. "This is so true, brother. We're Muslims. We defend ourselves, brother."

Security services across Europe have long been alert to the activities of extremist Muslim converts.

Richard Reid, who tried to blow up a trans-Atlantic flight in 2001, was a convert. So, too, was Jermaine Lindsay, one of four suicide bombers in London's 2005 attacks. The coordinated bombings killed 52 people ? just one day after London won the bid for the Olympics. In 2010, two German converts to Islam and two Turkish men were convicted over a foiled plot to attack U.S. targets in Germany.

This week European security officials told the AP that they were tracking a Norwegian Muslim convert who had gone to Yemen for training and had since become "operational."

Intelligence officials say there has been an expected increase in chatter among extremist groups, but there are still no specific or credible threats targeting the Olympics. The terror level is labeled substantial, a notch below severe.

A substantial threat level indicates that an attack is a strong possibility.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-06-28-EU-Britain-Terrorism/id-954658de515c4a6891d06576355194ee

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