Diversification

KBRA Assigns Rating to Goldman Sachs BDC, Inc.'s $400 Million 6.375% Senior Unsecured Notes Due 2027

Retrieved on: 
Mercoledì, Marzo 6, 2024

KBRA assigns a rating of BBB to Goldman Sachs BDC, Inc.'s (“GSBD” or “the company”) $400 million 6.375% senior unsecured notes due March 11, 2027.

Key Points: 
  • KBRA assigns a rating of BBB to Goldman Sachs BDC, Inc.'s (“GSBD” or “the company”) $400 million 6.375% senior unsecured notes due March 11, 2027.
  • The rating is supported by Goldman Sachs BDC, Inc.'s ties to Goldman Sachs' ("GS") $2.5 trillion of Assets Under Supervision along with SEC exemptive relief to co-invest with GS affiliates.
  • The company is managed by Goldman Sachs Asset Management, L.P. ("GSAM"), an affiliate of Goldman Sachs & Co. LLC.
  • GSBD's affiliate BDC, Goldman Sachs Private Credit Corp., is rated by KBRA (Issuer and Senior Unsecured Debt Ratings: BBB/Stable Outlook).

KBRA Expects to Rate Goldman Sachs BDC, Inc.'s Senior Unsecured Notes BBB

Retrieved on: 
Mercoledì, Marzo 6, 2024

KBRA expects to rate Goldman Sachs BDC, Inc.'s (“GSBD” or “the company”) issuance of senior unsecured notes BBB.

Key Points: 
  • KBRA expects to rate Goldman Sachs BDC, Inc.'s (“GSBD” or “the company”) issuance of senior unsecured notes BBB.
  • The rating is supported by Goldman Sachs BDC, Inc.'s ties to Goldman Sachs' ("GS") $2.5 trillion of Assets Under Supervision along with SEC exemptive relief to co-invest with GS affiliates.
  • The company is managed by Goldman Sachs Asset Management, L.P. ("GSAM"), an affiliate of Goldman Sachs & Co. LLC.
  • GSBD's affiliate BDC, Goldman Sachs Private Credit Corp., is rated by KBRA (Issuer and Senior Unsecured Debt Ratings: BBB/Stable Outlook).

13th Asian Logistics, Maritime and Aviation Conference opens

Retrieved on: 
Martedì, Novembre 21, 2023

Industry players, supply chain management service providers and shippers from all over the world once again gather in Hong Kong for this annual event, underlining the city's status as a key logistics, maritime and aviation hub.

Key Points: 
  • Industry players, supply chain management service providers and shippers from all over the world once again gather in Hong Kong for this annual event, underlining the city's status as a key logistics, maritime and aviation hub.
  • In other words, the demand for logistics, maritime and aviation services with and within this region will rise rapidly.
  • And Hong Kong will remain committed to our super-connector role and be a platform providing high value-added logistics, maritime, aviation, financial and risk management services.
  • The exhibition segment is also a conference highlight as nearly 100 exhibitors showcase cutting-edge logistics and supply chain solutions from around the world.

The Cyber AB Announces Election of New Board Officers

Retrieved on: 
Martedì, Novembre 28, 2023

The Cyber AB announced today the election of new officers to lead its Board of Directors in 2024-2025.

Key Points: 
  • The Cyber AB announced today the election of new officers to lead its Board of Directors in 2024-2025.
  • Current Board Chairman Jeff Dalton will remain on the Board for the remainder of his current Directorship tenure through 2025 and will enjoy the title of Chairman Emeritus.
  • The new Board officers will assume their duties on January 1, 2024 and serve a two-year term.
  • For more information on The Cyber AB Board, please visit the AB’s website at www.cyberab.org .

Veris Residential Recognized as a Leader in ESG, DEI and Corporate Stewardship by Top Real Estate and Business Organizations

Retrieved on: 
Giovedì, Novembre 16, 2023

JERSEY CITY, N.J., Nov. 16, 2023 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that it has been recognized as a leader for its work in Environmental, Social and Governance (ESG), including Diversity, Equity and Inclusion (DEI) and corporate stewardship, by well-recognized real estate and business organizations. Specifically, Veris Residential:

Key Points: 
  • We are honored to have our achievements recognized by Nareit, GRESB and the United States Chamber of Commerce Foundation."
  • Veris Residential's recognition comes in the Residential sector following the Company's strategic transformation into a pure-play multifamily REIT.
  • "Improving our overall GRESB Annual Survey score and receiving sector-leading recognition is a testament to Veris Residential's underlying commitment to sustainable operations and DEI.
  • To learn more about Veris Residential's commitment to resilient ESG programs, please click here for the Company's 2022 ESG Report.

Diversified will introduce 300 D.C. metro area high school students to the technology redefining media at STEM for Her event

Retrieved on: 
Mercoledì, Novembre 1, 2023

The event, hosted at the International Monetary Fund in Washington, D.C., will be a hands-on, experiential, conference-style day of all things STEM for 300 D.C. metro area female high school students.

Key Points: 
  • The event, hosted at the International Monetary Fund in Washington, D.C., will be a hands-on, experiential, conference-style day of all things STEM for 300 D.C. metro area female high school students.
  • One of the event’s main attractions will be Diversified’s interactive exhibit and presentation entitled, “Elevating HER: Building the Future of Media & Entertainment with Amazon Web Services”.
  • “Diversified is proud to work with AWS as a leader supporting a new generation of women exploring and entering the STEM fields,” said Heather Best, senior program manager at Diversified.
  • ”Collaborative events like STEM for Her Day are more than just showcases—they’re a commitment to the future,” said Jeffries.

KBRA Assigns Rating to Blue Owl Technology Finance Corp. II's $75 million Senior Unsecured Notes due 2028

Retrieved on: 
Mercoledì, Settembre 27, 2023

KBRA assigns a rating of BBB to Blue Owl Technology Finance Corp. II’s (“OTF II” or “the company”) $75 million 8.5% senior unsecured notes due September 27, 2028.

Key Points: 
  • KBRA assigns a rating of BBB to Blue Owl Technology Finance Corp. II’s (“OTF II” or “the company”) $75 million 8.5% senior unsecured notes due September 27, 2028.
  • Investments classified as traditional financing had a weighted average EBITDA and enterprise value of $189 million and $5.1 billion, respectively.
  • The company is managed by Blue Owl Technology Credit Advisors II LLC, an affiliate Blue Owl Capital, Inc. (NYSE: OWL), which had approximately $150 billion of AUM, as of June 30, 2023.
  • The company’s investment strategy coincides with the strategy of Blue Owl Technology Finance Corp. (KBRA Issuer/ Senior Unsecured Debt ratings of BBB/Stable Outlook) and Blue Owl Technology Income Corp. (KBRA Issuer/Senior Unsecured Debt ratings of BBB/Stable Outlook).

ModuleMD Acquires Diversified Healthcare and MedEase to Expand Revenue Cycle Management Footprint

Retrieved on: 
Lunedì, Settembre 4, 2023

GRAND BLANC, Mich., Sept. 4, 2023 /PRNewswire/ -- ModuleMD , a leading healthcare technology and services company, announced today that it has acquired Diversified Health Care Management, Inc. ("Diversified") and MedEase Practice Management software (DBA Professional Management Services, Inc. or "MedEase"), two pioneers in the Revenue Cycle Management ("RCM") industry with over 75 years of combined experience.

Key Points: 
  • GRAND BLANC, Mich., Sept. 4, 2023 /PRNewswire/ -- ModuleMD , a leading healthcare technology and services company, announced today that it has acquired Diversified Health Care Management, Inc. ("Diversified") and MedEase Practice Management software (DBA Professional Management Services, Inc. or "MedEase"), two pioneers in the Revenue Cycle Management ("RCM") industry with over 75 years of combined experience.
  • With the addition of Diversified and MedEase, ModuleMD expands its commitment and investment in healthcare claims management.
  • The combination of Diversified and MedEase with ModuleMD will enable clients to automate several Payer and Provider functions, increase efficiencies, and improve financial performance.
  • The acquisition of Diversified and MedEase by ModuleMD reflects the companies' shared vision for the future of the RCM landscape.

Medalist Diversified REIT, Inc. Releases Update From Interim CEO and President

Retrieved on: 
Mercoledì, Agosto 23, 2023

Having reached my 30th day as interim CEO of Medalist Diversified REIT, Inc. (“MDRR”), I'm pleased to present an update on our strategic progress, tenant relationships, and promising trends in the retail industry that I believe bode well for our future.

Key Points: 
  • Having reached my 30th day as interim CEO of Medalist Diversified REIT, Inc. (“MDRR”), I'm pleased to present an update on our strategic progress, tenant relationships, and promising trends in the retail industry that I believe bode well for our future.
  • - Positive Rent Growth: The average asking rent in the U.S. increased by 6.3% since Q2 2020.
  • - Resilience Despite Economic Fluctuations: Despite predictions of physical retail’s decline due to online sales, brick-and-mortar locations are flourishing.
  • In closing, I want to express my gratitude for your continued trust and confidence in our shared journey.

Medalist Diversified REIT, Inc. Grants Waiver to Shareholder Francis P. Kavanaugh to Increase Common Share Ownership

Retrieved on: 
Mercoledì, Agosto 9, 2023

Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Company’s Board of Directors (the “Board”) has granted a waiver of the ownership limitations in Article VI of the Company’s Articles of Incorporation as amended (the “Charter”) to permit Francis P. Kavanaugh and certain of his affiliates (“Kavanaugh”) to own up to 20.0% in the aggregate of the outstanding shares of capital stock of the Company.

Key Points: 
  • Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., announced today that the Company’s Board of Directors (the “Board”) has granted a waiver of the ownership limitations in Article VI of the Company’s Articles of Incorporation as amended (the “Charter”) to permit Francis P. Kavanaugh and certain of his affiliates (“Kavanaugh”) to own up to 20.0% in the aggregate of the outstanding shares of capital stock of the Company.
  • Concurrent with this waiver, the Board in accordance with authority vested in it under the Charter: (a) decreased the Aggregate Share Ownership Limit (as defined in the Charter) from 9.8% in value of the aggregate of the outstanding Shares (as defined in the Charter) to 3.6% in value of the aggregate of the outstanding Shares for all persons and entities other than for any Excepted Holder (as defined in the Charter) and other than for any person or entity as to whom the decrease shall not be effective pursuant to, and on the terms and conditions specified in, Section 6.1.8 and (b) decreased the Common Share Ownership Limit (as defined in the Charter) from 9.8% (in value or in number of Common Shares, whichever is more restrictive) of the aggregate of the outstanding Common Shares to 3.6% (in value or in number of Common Shares, whichever is more restrictive) of the aggregate of the outstanding Common Shares for all persons and entities other than any Excepted Holder and other than for any person or entity as to whom the decrease shall not be effective pursuant to, and on the terms and conditions specified in, Section 6.1.8 of the Charter.