Raymond James Financial (NYSE: RJF) signed an unsecured five-year, $500 million revolving credit agreement with a syndicate of lenders led by Bank of America, Citibank, JP Morgan Chase Bank and Regions Bank. The St. Petersburg company said the deal strengthens its flexibility.
MBACentral, a business school resource site, named the University of South Florida Kate Tiedemann College of Business No. 1 in a ranking of online forensic accounting degree programs. MBA Central cited national recognition, elite business accreditations and manageable tuition as a few of the reasons behind its ranking.
United Insurance Holdings Corp. (Nasdaq: UIHC) posted net income of $290,000 for 2018, a 97 percent drop from 2017. Hurricane Michael and other catastrophic events cut profits at the St. Petersburg-based property and casualty insurer. Revenue was up 10.6 percent to $723.9 million.
In what Ad Age is calling a “huge blow” to St. Pete-based digital marketer Triad, Walmart will take over its own website ad sales and analytics. Walmart accounted for “the bulk” of Triad’s work, the report said. A spokesman for Triad declined to comment. Triad last week rebranded and said it would add services, including consulting.
Peerfit will roll out Peerfit Move, a new benefit for Medicare Advantage plan members, next year. Luisa Charbonneau will join as senior advisor to lead the expansion. The Tampa company historically has connected employers and their employees to fitness studios and gyms.
Catalina completed its financial restructuring and emerged from Chapter 11. Through the process, which started in December, the St. Petersburg digital marketer cut its debt by 85 percent. The company has new ownership made up of its existing lenders.
Masonite will close its plant at 11200 69th St. N. in Largo. The Tampa-based door manufacturer told state officials 35 employees would lose their jobs, starting April 16. The company, which had increased sales and declining profits in 2018, said it is simplifying its network for door plants.
Masonite (NYSE: DOOR) had $2.17 billion in sales for 2018, up 7 percent from 2017. Net income for 2018 was $92.7 million, or $3.33 a share, down from $151.7 million, or $5.09 a share, in 2017. The Tampa door manufacturer is closing its Largo plant and said it plans more restructuring in 2019.
Female-owned small businesses in Tampa-St. Pete post first-year revenue of about $50,000, compared to more than $60,000 in first-year revenue at male-owned small businesses. The revenue gap is smaller here than in most similar metros, a study by the JPMorgan Chase Institute found.
US Federal Contractor Registration is moving to 9400 4th Street N., next to its current location. The company, which helps businesses win government contracts, also plan on nearly doubling its staff, from 43 to over 80 by the end of the year.
WellCare Health Plans said its WellCare of Florida subsidiary has surpassed 1 million members in Florida. Growth primarily is a result of WellCare expanding Medicaid services the state through Medicaid managed care and children’s medical services.
A staple of Sundial, Locale Market, was closed Thursday night and Friday due to "high priority" health department violations. FarmTable Cucina was also inspected Thursday, but met health department standards and remains open.
