Oliver Cromwell

Verona Pharma Announces $650 Million Strategic Financing with Oaktree and OMERS

Retrieved on:

Jeudi, mai 9, 2024

Oaktree Capital Management, Sale, FDA, Sullivan & Cromwell, Oliver Cromwell, Chronic obstructive pulmonary disease, Creditor, Morgan Stanley, Patient, OMERS, VPI, Pharming, VRNA, Growth, Latham & Watkins, COPD, Pharmaceutical industry

LONDON and RALEIGH, N.C., May 09, 2024 (GLOBE NEWSWIRE) -- Verona Pharma plc (Nasdaq: VRNA) (“Verona Pharma”), announces it and its wholly-owned subsidiary, Verona Pharma, Inc. (“VPI” and together with Verona Pharma, the “Company”), have entered into strategic financing agreements providing access to up to $650 million from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and OMERS Life Sciences (“OMERS”).

Key Points:

LONDON and RALEIGH, N.C., May 09, 2024 (GLOBE NEWSWIRE) -- Verona Pharma plc (Nasdaq: VRNA) (“Verona Pharma”), announces it and its wholly-owned subsidiary, Verona Pharma, Inc. (“VPI” and together with Verona Pharma, the “Company”), have entered into strategic financing agreements providing access to up to $650 million from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and OMERS Life Sciences (“OMERS”).
The agreements provide non-dilutive capital and additional financial flexibility ahead of Verona Pharma’s planned US launch of ensifentrine and will support the Company’s continued growth.
The debt facility replaces the existing facility of up to $400 million with funds managed by Oxford Finance LLC and Hercules Capital, Inc. (NYSE: HTGC).
This strategic agreement, with access to up to $650 million, allows us to further strengthen our cash position and improve our financial flexibility,” said David Zaccardelli, Pharm.

Abell Pest Control Earns Prestigious Recognition as a Top Workplace in Canada for the Second Consecutive Year by Great Place to Work®

Retrieved on:

Mercredi, mai 8, 2024

Environment, Oliver Cromwell, Mentorship, Pest control, Workplace, Professional, Safety, Interface (computing)

This prestigious award comes shortly after Abell was recognized as a Best Workplace™ for Women, which demonstrates the company's continued dedication to creating an outstanding workplace environment for everyone.

Key Points:

This prestigious award comes shortly after Abell was recognized as a Best Workplace™ for Women, which demonstrates the company's continued dedication to creating an outstanding workplace environment for everyone.
Our team members, from coast to coast, are the heartbeat of our organization," says Sara Cromwell, Vice President of People Excellence at Abell Pest Control.
This recognition underscores the unwavering dedication of every Abell team member as we stand together, supporting each other, our clients, and our communities.
Working in pest control can be a highly satisfying profession that provides stability, excitement, and growth opportunities.

Axon to acquire Dedrone, accelerating the next generation of drone solutions to protect more lives in more places

Retrieved on:

Lundi, mai 6, 2024

Oliver Cromwell, Ecosystem, Safety, Software, DFR, Acquisition, Airport, Morgan, Lewis & Bockius, Sullivan & Cromwell, Prison

Ultimately, upon completion of the acquisition, Dedrone will strengthen Axon's ability to help customers safeguard their communities, improve response to critical incidents and protect even more lives in more places.

Key Points:

Ultimately, upon completion of the acquisition, Dedrone will strengthen Axon's ability to help customers safeguard their communities, improve response to critical incidents and protect even more lives in more places.
"By combining Axon's 30-year legacy of innovation with Dedrone's cutting-edge airspace security solutions, we aim to revolutionize public safety once again," said Axon Founder and CEO Rick Smith.
"Together, we will accelerate our efforts in creating a more advanced end-to-end drone solution that enables the good drones to fly and helps ensure the bad ones don't.
The transaction is subject to customary closing conditions and is expected to close in the second half of 2024.

BROAD STREET REALTY, INC. Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer

Retrieved on:

Lundi, mai 6, 2024

RESTON, Va., May 6, 2024 /PRNewswire/ -- Broad Street Realty, Inc. (OTCQX: BRST)

Key Points:

RESTON, Va., May 6, 2024 /PRNewswire/ -- Broad Street Realty, Inc. (OTCQX: BRST)
At Broad Street, our vision has always been to strive "to empower people and places".
Thankfully, this focus has rewarded us with the ability to weather both the Covid era and an incredibly difficult lending environment.
Unfortunately, this was a very accurate statement and as of today, this condition has not changed.
Credit is the lifeblood of a capital-intensive business such as that of commercial real estate ownership.

SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital

Retrieved on:

Vendredi, mai 3, 2024

Sale, Bankruptcy, Oliver Cromwell, Hearing, SVB, Pink, Partnership, Centerview Partners, History, Court, United States bankruptcy court, Alvarez and Marsal, Brookfield (corporation), Sullivan & Cromwell, Silicon, SAN, Security (finance)

SAN FRANCISCO, May 2, 2024 /PRNewswire/ -- SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners ("Pinegrove") and backed by permanent capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage, will acquire the Company's investment platform business, SVB Capital. Under the terms of the agreement, SVB Capital would be acquired for a combination of cash and other economic consideration.

Key Points:

Under the terms of the agreement, SVB Capital would be acquired for a combination of cash and other economic consideration.
On May 2, 2024, SVB Financial Group filed a motion seeking the Court's authorization to approve buyer protections for the Pinegrove affiliate and consummate a sale of the SVB Capital business.
The transaction is supported by SVB Financial Group and key creditor groups, including the Official Committee of Unsecured Creditors, the Ad Hoc Group of Senior Noteholders and the Ad Hoc Cross-Holder Group.
Centerview Partners LLC is serving as financial advisor, Sullivan & Cromwell LLP is serving as legal counsel and Alvarez & Marsal is serving as the restructuring advisor to SVB Financial Group as debtor-in-possession.

Brookfield Reinsurance Completes Acquisition of AEL

Retrieved on:

Jeudi, mai 2, 2024

Oliver Cromwell, LLP, Torys, Martha Plimpton, BMO Capital Markets, Insurance, NEWS, TSX, Barclays, Growth, J. P. Morgan, Acquisition, DeBevoise, Brookfield (corporation), AEL, Sullivan & Cromwell, Cravath, Swaine & Moore, Financial services

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.

Key Points:

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.
Jon Bayer, Managing Partner at Brookfield Reinsurance said, “We are excited to welcome AEL to our organization as we continue to grow, diversify and scale our retirement services capabilities.
Barclays served as lead financial advisor to Brookfield Reinsurance and BMO Capital Markets also acted as an advisor to Brookfield Reinsurance on this transaction.
Cravath, Swaine & Moore LLP served as legal advisor to Brookfield Reinsurance and Debevoise & Plimpton LLP served as Brookfield Reinsurance’s insurance legal counsel.

Practising Law Institute Holds Elections for Board of Trustees at Annual Meeting

Retrieved on:

Mercredi, avril 24, 2024

Chairperson, Practising Law Institute, Oliver Cromwell, Simpson Thacher & Bartlett, Senior, Annual general meeting, First Department, PLI, Sullivan & Cromwell, Trustee, New York Supreme Court, AIG, Appellate Division, Supreme court

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- At the Annual Meeting of the Board of Trustees of Practising Law Institute (PLI), held on April 17, 2024, the following Trustees were reelected for a three-year term: Dawson Horn, III, AIG; Hon.

Key Points:

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- At the Annual Meeting of the Board of Trustees of Practising Law Institute (PLI), held on April 17, 2024, the following Trustees were reelected for a three-year term: Dawson Horn, III, AIG; Hon.
Dianne T. Renwick, New York State Supreme Court, Appellate Division, First Department; Samuel W. Seymour, Sullivan & Cromwell LLP; and Lynn K. Neuner, Simpson Thacher & Bartlett LLP, who also was reelected Vice Chair of the Board for an additional year.
At the meeting, the following PLI staff members were reelected as Officers: Sharon L. Crane, President; Alan G. Cohen, Chief Business Officer; Craig A. Miller, Senior Vice President; Kara L. O'Brien, Chief Content Officer; Joan D. Sternberg, Senior Vice President; Christopher Rousseau, Chief Information Officer; Emilia Sima, Treasurer and Chief Financial Officer; David M. Smith, Chief Marketing Officer; and Samantha Goldsberry, Secretary.

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

Retrieved on:

Mardi, avril 30, 2024

FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.

Key Points:

FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.
Under the amended merger agreement, the necessary bank regulatory approvals required to consummate the merger are the approval of the Federal Reserve Board and the Texas Department of Banking.
In conjunction with the amendment to the merger agreement, the parties’ previous application with the Office of the Comptroller of the Currency (“OCC”) in connection with the bank merger has been withdrawn.
The remaining equity capital of up to $155 million will be issued concurrently with, and subject to, closing of the merger.

Fulton Financial Corporation Acquires Substantially All of the Assets and Assumes Substantially All of the Deposits of Republic First Bank From the FDIC

Retrieved on:

Samedi, avril 27, 2024

Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A.

Key Points:

Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A.
(“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”).
Republic Bank depositors will become Fulton depositors and do not need to change their banking relationship to retain their federally insured deposit insurance coverage.
Beginning as early as tomorrow, former Republic Bank financial centers will reopen as Fulton with their regularly scheduled operating hours.

Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth

Retrieved on:

Jeudi, avril 25, 2024

Chase Bank, MUFG Bank, Oliver Cromwell, WISP, HPS, JPMorgan Chase, Communication, Ropes & Gray, Investment banking, CoBank, Banco Santander, Sullivan & Cromwell, Sumitomo Mitsui Banking Corporation, Internet service provider

NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.

Key Points:

NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.
The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider (WISP) customers' infrastructure needs.
"The Tillman Infrastructure team continues to deliver industry leading solutions for our customers," said Suruchi Ahuja, CEO of Tillman Infrastructure.
Tillman Infrastructure is a portfolio company of Tillman Global Holdings, a U.S. based private investment firm that invests in, owns, and operates digital and energy infrastructure businesses.