KeyBank

Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034

Retrieved on: 
Mercoledì, Maggio 8, 2024
Sale, Prospectus, BMO Capital Markets, Morgan Stanley, Suite, Mizuho Securities, Security (finance), Partnership, Phillips Edison & Company, Madison Avenue, J. P. Morgan, BofA Securities, Wells Fargo, U.S. Bancorp, Fifth Avenue, PECO, KeyBank, ATTN:, Note

The Notes were priced at 98.576% of the principal amount and will mature on July 15, 2034.

Key Points: 
  • The Notes were priced at 98.576% of the principal amount and will mature on July 15, 2034.
  • The offering is expected to settle on May 13, 2024, subject to the satisfaction of customary closing conditions.
  • The notes are being offered pursuant to an effective shelf registration statement filed by PECO and the Operating Partnership with the Securities and Exchange Commission (“SEC”).
  • The offering will be made only by means of the prospectus supplement and accompanying prospectus.

FIS Launches Innovative New Fintech Platform – Atelio™ by FIS

Retrieved on: 
Martedì, Maggio 7, 2024
Technology, Mobile, Wireless, Online Privacy, Other Professional Services, Finance, Banking, Professional Services, Other Technology, Software, Networks, Fintech, Hardware, Data Management, Security, Lead, Risk, Research, Product management, Student, KeyBank, Fraud, FIS

FIS ® (NYSE: FIS), a global leader in financial technology, has today introduced Atelio by FIS ™, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings.

Key Points: 
  • FIS ® (NYSE: FIS), a global leader in financial technology, has today introduced Atelio by FIS ™, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings.
  • The innovative platform unlocks FIS’ existing financial technology via components that are easy to embed and consume.
  • "Welcome to the future of financial services," said Tarun Bhatnagar, president of Platform and Enterprise Products at FIS.
  • "Atelio by FIS is our vision to lead where fintech is going, which is outside the boundaries of how businesses enable, and their customers consume, financial services today.

SilverBow Resources Mails Letter to Shareholders Highlighting Proven M&A Strategy Overseen by Highly Experienced Board

Retrieved on: 
Lunedì, Maggio 6, 2024
Oil, Gas, Energy, CFO, E&P, ISS, Annual general meeting, Eagle Ford Group, Eagle Ford, Dallas, Glass Lewis, Acquisition, Corporate title, KeyBank, PV-10, Letter, Eagle, Management

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
  • The full text of the letter follows:
    SilverBow Resources recently released outstanding first quarter financial and operating results, demonstrating the merits of our business strategy and the value that is being delivered by our prior acquisitions.
  • Our performance in the market is directly attributable to a proven strategy, strong management and an experienced Board of Directors.
  • Additionally, all nine have had board experience at other public companies, including, but not limited to, at E&P, oilfield services or midstream companies.

Steward Health Care Finalizing Financing Deal With Medical Properties Trust to Support Its Restructuring

Retrieved on: 
Lunedì, Maggio 6, 2024
Managed Care, Hospitals, General Health, Health, Weil, Gotshal & Manges, Sale, Bankruptcy, LLP, Hospital, Medical Properties Trust, AlixPartners, Patient, United States bankruptcy court, Physician, KeyBank, COVID-19, Nursing

The Company is finalizing the terms of debtor-in-possession financing from Medical Properties Trust for initial funding of $75 million and up to an additional $225 million upon the satisfaction of certain conditions acceptable to Medical Properties Trust.

Key Points: 
  • The Company is finalizing the terms of debtor-in-possession financing from Medical Properties Trust for initial funding of $75 million and up to an additional $225 million upon the satisfaction of certain conditions acceptable to Medical Properties Trust.
  • Steward took this voluntary step today as a necessary measure to allow the Company to continue to provide necessary care to its patients in their communities without disruption.
  • Steward does not expect any interruptions in its day-to-day operations, which will continue in the ordinary course throughout the Chapter 11 process.
  • “Steward Health Care has done everything in its power to operate successfully in a highly challenging health care environment.

KEYBANK LAUNCHES VIRTUAL ACCOUNT MANAGEMENT SERVICES POWERED BY QOLO'S TECHNOLOGY PLATFORM

Retrieved on: 
Martedì, Maggio 7, 2024
ACH, DDA, Treasury, KeyBank, RTP, API, Cryptocurrency

CLEVELAND, May 7, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure. KeyVAM is a technology-enabled cash management solution powered by Qolo, providing clients with the ability to manage multiple clients or cost centers with custom virtual account structures, automated reporting and reconciliation, an intuitive user interface, and fast, easy API integration. With Qolo's omnichannel payments platform businesses can instantly open or close new subaccounts using self-service tools. This collaboration with Qolo marks another innovative fintech solution from KeyBank designed to make cash management easier for treasurers across the United States, solving their complex payments and financing needs.

Key Points: 
  • CLEVELAND, May 7, 2024 /PRNewswire/ -- KeyBank (NYSE: KEY) announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure.
  • KeyVAM is a technology-enabled cash management solution powered by Qolo, providing clients with the ability to manage multiple clients or cost centers with custom virtual account structures, automated reporting and reconciliation, an intuitive user interface, and fast, easy API integration.
  • With Qolo's omnichannel payments platform businesses can instantly open or close new subaccounts using self-service tools.
  • "This collaboration with KeyBank marks a giant leap forward in making next-generation financial technology available to businesses of all sizes and in any market."

KEYCORP ANNOUNCES 2025 QUARTERLY EARNINGS CONFERENCE CALL DATES

Retrieved on: 
Martedì, Maggio 7, 2024
Multimedia, FDIC, KeyBank, Acquisition

CLEVELAND, May 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced plans to host conference calls to review quarterly financial results on the following dates:

Key Points: 
  • CLEVELAND, May 7, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced plans to host conference calls to review quarterly financial results on the following dates:
    Fourth quarter 2024 – Tuesday, January 21st, 2025 at 8 a.m.
  • ET
    Second quarter 2025 – Tuesday, July 22nd, 2025 at 9 a.m.
  • ET
    Third quarter 2025 – Thursday, October 16th, 2025 at 10 a.m.
  • If you are unable to join any of the live conference calls, or wish to hear a re-broadcast, access www.key.com/ir and select Quarterly Earnings Results.

AM Best Upgrades Credit Ratings of AmeriTrust Group Members

Retrieved on: 
Giovedì, Maggio 2, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, AM Best, Risk management, Accident Fund, Acquisition, KeyBank, Accident, Credit, FSR

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of the members of AmeriTrust Group (AmeriTrust), whose principal insurance subsidiaries operate under an intercompany reinsurance pooling agreement.

Key Points: 
  • AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of the members of AmeriTrust Group (AmeriTrust), whose principal insurance subsidiaries operate under an intercompany reinsurance pooling agreement.
  • In addition, AM Best has revised the Credit Rating (rating) outlooks to stable from positive.
  • Accident Fund closed on its acquisition of AmeriTrust in January 2023 and has actively integrated AmeriTrust into its operations.
  • In addition, AM Best has revised the outlooks to stable from positive for the following members of the AmeriTrust Group:

KEY PRIVATE BANK WINS 'BEST REGIONAL PRIVATE BANK' AT THE 2024 FAMILY WEALTH REPORT AWARDS

Retrieved on: 
Venerdì, Maggio 3, 2024
Consultant, FWR, KeyBank, Knowledge, Private banking, Financial services

CLEVELAND, May 3, 2024 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), announced that it was awarded "Best Regional Private Bank" at the Eleventh Annual Family Wealth Report Awards (FWR).

Key Points: 
  • CLEVELAND, May 3, 2024 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), announced that it was awarded "Best Regional Private Bank" at the Eleventh Annual Family Wealth Report Awards (FWR).
  • Key Private Bank was selected for the "Best Regional Private Bank" from a finalist list of distinguished banks.
  • "We are pleased to be recognized by Family Wealth Report for the second time as the Best US Regional Private Bank," said Cathy O'Malley Kearney, national director and head of Key Private Bank.
  • Founded in 2004, ClearView Financial Media is a respected provider of business intelligence in the private banking, wealth management and family office space.

KeyBank Survey Finds Signs of Confidence with Small Business Owners Coupled With Concerns about Inflation, Fraud and Political Noise

Retrieved on: 
Giovedì, Maggio 2, 2024
Leg, Ambiguity, Small business, Policy, Uncertainty, Theft, SBA, Business, Employment, Risk management, Eye, Bank, Momentive (software company), KeyBank, Fraud

CLEVELAND, May 2, 2024 /PRNewswire/ -- Often the first to feel the effects of inflation and economic volatility, small business owners are optimistic about their businesses, even as economic challenges remain. KeyBank's 2024 Small Business Survey found that 65% of small business owners feel confident they could fund their operating expenses for one month with their cash reserves, if an unexpected need arose.

Key Points: 
  • KeyBank's 2024 Small Business Survey found that 65% of small business owners feel confident they could fund their operating expenses for one month with their cash reserves, if an unexpected need arose.
  • Despite these concerns, small business owners are well-adjusted and taking precautionary measures to protect their businesses—and the employees and communities they serve.
  • Banks are at a pivotal moment to help their small business clients navigate cash flow and business operation concerns—and small business owners are turning to them for advice.
  • KeyBank offers a range of tools, including the KeyBank Small Business Check-In , KeyBank Small Business Financial Review and the Business Cash Flow Calculator .

Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank

Retrieved on: 
Giovedì, Aprile 25, 2024
OLD, CFO, Star, LOC, KeyBank, KBS

OLD GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business unit has closed a $4 million revolving line of credit (“LOC”) with KeyBank National Association (“KeyBank”).

Key Points: 
  • OLD GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business unit has closed a $4 million revolving line of credit (“LOC”) with KeyBank National Association (“KeyBank”).
  • KBS intends to use the LOC to meet its working capital requirements and execute its business plan.
  • The closing of this LOC provides both KBS and Star with financial flexibility to focus on their respective growth initiatives.
  • “We are pleased to announce the closing of this credit facility with KeyBank,” said David Noble, CFO of Star.