Morgan Stanley

Humana Prices $2.25 Billion Debt Offering

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Health, Other Professional Services, Insurance, Health Insurance, Managed Care, General Health, Failure, Administration, Growth, Goldman Sachs, Inc., Final, Wells Fargo, Form, Risk, Star, Morgan Stanley, Information, Sale, News, Security (finance), Judgement, Prospectus, Service, Note, Pharmacy, Debt-to-GDP ratio, Medicare, Privacy, CMS, Government, Risk management

Humana Inc. (the “company”) (NYSE: HUM) announced today that it has priced a public offering of $2.25 billion in aggregate principal amount of senior notes.

Key Points: 
  • Humana Inc. (the “company”) (NYSE: HUM) announced today that it has priced a public offering of $2.25 billion in aggregate principal amount of senior notes.
  • The company expects net proceeds from the Senior Notes Offerings will be approximately $2.226 billion after deducting underwriters’ discounts and estimated offering expenses.
  • This news release includes forward-looking statements regarding Humana within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Downgrades in Humana’s debt ratings, should they occur, may adversely affect its business, results of operations, and financial condition.

Laureate Education to Participate at Upcoming Conferences in April

Retrieved on: 
Tuesday, April 2, 2024
Jefferies, American Summit, Morgan Stanley, Laureate Education, Conference, Paulo

Additionally, Eilif Serck-Hanssen, President and CEO of the Company, will deliver a presentation with analysts and investors at the Morgan Stanley Brazil Education Corporate Access Day, taking place on April 16, 2024 at Morgan Stanley offices in São Paulo.

Key Points: 
  • Additionally, Eilif Serck-Hanssen, President and CEO of the Company, will deliver a presentation with analysts and investors at the Morgan Stanley Brazil Education Corporate Access Day, taking place on April 16, 2024 at Morgan Stanley offices in São Paulo.
  • The presentation is scheduled to begin at approximately 11:00 AM EST.
  • Conference participation is by invitation only and registration is mandatory.
  • For more information on the conferences or to schedule a one-on-one or small group meeting with the Company's management, please contact a Jefferies or Morgan Stanley representative.

YOUTH ENRICHMENT BRANDS NAMES DUSTIN BERTRAM AS NEW CHIEF FINANCIAL OFFICER

Retrieved on: 
Thursday, March 28, 2024
Bank of America, Financial management, Hunger, CFO, SAN, School, Merrill (company), Bank, Mergers and acquisitions, University, Senior, MBA, Morgan Stanley, YEB, Management

SAN RAFAEL, Calif., March 28, 2024 /PRNewswire/ -- Youth Enrichment Brands ("YEB"), the nation's leading youth activities platform offering camps, leagues, classes, schools and other programs, announced today the appointment of Dustin Bertram as its new Chief Financial Officer ("CFO").

Key Points: 
  • SAN RAFAEL, Calif., March 28, 2024 /PRNewswire/ -- Youth Enrichment Brands ("YEB"), the nation's leading youth activities platform offering camps, leagues, classes, schools and other programs, announced today the appointment of Dustin Bertram as its new Chief Financial Officer ("CFO").
  • In his new role, Bertram will oversee the growing portfolio company's finance team, leveraging his decades of experience to expand YEB's financial management capabilities.
  • "Dustin is a dynamic and talented leader who impressed us deeply with his inherent communication skills and thoughtful approach to team building based on the development of his team members," said Justin Hoeveler, CEO of Youth Enrichment Brands.
  • To learn more about Youth Enrichment Brands, visit: https://www.yeb.com/about-us

AEOVIAN PHARMACEUTICALS DOSES FIRST PARTICIPANTS IN PHASE 1 CLINICAL TRIAL, STRENGTHENS LEADERSHIP TEAM AND RAISES ADDITIONAL $50 MILLION FINANCING

Retrieved on: 
Thursday, March 28, 2024
Xenon, TSC, Epilepsy, Alexion Pharmaceuticals, Patient, Sale, Investment, Therapy, Melinda French Gates, Jazz Pharmaceuticals, Genetic disorder, Ageing, CIO, Notifiable disease, Biotechnology, Yale University, CNS, NIH, Zajac, University of Bristol, Honours degree, UCSF, Drug discovery, Evotec, GW Pharmaceuticals, Genetic distance, DSM-IV codes, Wesleyan University, Growth, CFO, BIO, Record, Bachelor of Science, Morgan Stanley, Former, Pharmaceutical industry

BERKELEY, Calif., March 28, 2024 /PRNewswire/ -- Aeovian Pharmaceuticals, a clinical-stage biopharmaceutical company developing novel and highly selective therapeutics that potently inhibit the mTORC1 pathway, today announced that it has dosed the first cohort of participants in a Phase 1 clinical trial for its lead development candidate AV078, a first-in-class CNS penetrant selective mTORC1 inhibitor. Supporting this transition into the clinic, the company has also expanded its leadership team with the appointment of seasoned industry veterans William Greene, M.D., Chief Investment Officer at Hevolution, and Justin Gover, former Chief Executive Officer of GW Pharmaceuticals, to the company's Board of Directors, and appointed Micah Zajic as Chief Financial Officer. The company also recently completed a $50 million financing, led by Hevolution.

Key Points: 
  • Aeovian has assembled a compelling platform for the development of selective mTORC1 inhibitors," said Dr. Greene, CIO at Hevolution.
  • In the $50M financing, Hevolution was joined by existing investors Apollo Health Ventures, Sofinnova Investments, venBio, Evotec and b2venture.
  • This financing will support the completion of the Phase 1 clinical trial in healthy volunteers and prepare for the start of a subsequent Phase 2 clinical trial in adult and pediatric patients with TSC refractory epilepsy.
  • As CEO, he built and led Iconic Therapeutics through discovery, clinical development, and venture financing, which culminated in a successful sale of the company.

Rockpoint Appoints Tom Gilbane and Aric Shalev as Co-Presidents

Retrieved on: 
Tuesday, March 26, 2024
Aric, Merrill (company), Morgan Stanley, Mergers and acquisitions, Growth, Entrepreneurship, Environment, L.L.C

BOSTON, March 26, 2024 /PRNewswire/ -- Rockpoint, a Boston-based real estate private equity firm, today announced that Managing Members Tom Gilbane and Aric Shalev have been appointed Co-Presidents of the firm.

Key Points: 
  • BOSTON, March 26, 2024 /PRNewswire/ -- Rockpoint, a Boston-based real estate private equity firm, today announced that Managing Members Tom Gilbane and Aric Shalev have been appointed Co-Presidents of the firm.
  • "Tom and Aric are exemplary partners and respected leaders both inside and outside of Rockpoint," said Mr. Gelb.
  • "Aric and I look forward to continuing to work alongside Bill and Keith and the entire Rockpoint team to execute on the firm's proven and differentiated strategy," said Mr. Gilbane.
  • "Tom and I are excited to continue supporting the Rockpoint team and the growth of the firm in this expanded role alongside Bill and Keith," said Mr. Shalev.

SWIFT CURRENT ENERGY ANNOUNCES POWER PURCHASE AGREEMENT AND TAX EQUITY FINANCING FOR 260 MW SOLAR PROJECT IN TEXAS

Retrieved on: 
Tuesday, March 26, 2024
Diamond, Electricity, Associated Banc-Corp, Solar energy, Project, Swift Current, Vinson & Elkins, City, Carbon, UnitedHealth Group, Morgan Stanley, ATI Technologies, NRG Energy, PPA, Willkie Farr & Gallagher, First Solar, Renewable energy

HOUSTON, March 26, 2024 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 260 MWdc Tres Bahias Solar project ("Tres Bahias" or the "Project") located on the Gulf Coast of Texas is now powering City of Houston facilities through a power purchase agreement ("PPA") with an affiliate of NRG Energy, Inc. ("NRG Energy"). Tres Bahias is the largest operating solar project in Calhoun County, Texas and the third largest in the Texas Gulf Coast region.

Key Points: 
  • Solar energy generated from Tres Bahias Solar will supply power to City of Houston facilities via a PPA with an NRG Energy, Inc. affiliate
    HOUSTON, March 26, 2024 /PRNewswire/ -- Swift Current Energy ("Swift Current") today announced that its 260 MWdc Tres Bahias Solar project ("Tres Bahias" or the "Project") located on the Gulf Coast of Texas is now powering City of Houston facilities through a power purchase agreement ("PPA") with an affiliate of NRG Energy, Inc. ("NRG Energy").
  • Tres Bahias is the largest operating solar project in Calhoun County, Texas and the third largest in the Texas Gulf Coast region.
  • Swift Current previously announced that ING Capital, LLC provided construction financing for the Project, with Siemens Financial Services and Associated Bank as additional lenders in the construction financing.
  • A portion of the solar energy generated from the Project will be used to power some City of Houston facilities.

The Gershman Group Partners with LPL's New PWM Platform

Retrieved on: 
Friday, March 22, 2024
Diamond, W2, CRM, Freedom, UBS, Merrill (company), LPL, PWM, Orion, Morgan Stanley, Fidelity, Mouth, AHC, Gershman, ACAT, Financial adviser

As financial advisors increasingly seek alternatives to traditional big bank/brokerage firms, we believe LPL's groundbreaking W2 PWM platform will change the future.

Key Points: 
  • As financial advisors increasingly seek alternatives to traditional big bank/brokerage firms, we believe LPL's groundbreaking W2 PWM platform will change the future.
  • Gershman says, "In my 35-year career, I've never witnessed a firm of this caliber enter the traditional W2 space with such vigor.
  • Gershman adds, "It's a lot easier to take a big independent platform and convert a division to w2 than the other way around."
  • Whereas the wealth management platform is massive, competing with all the majors, their leading-edge independent platform tools well exceed that of any major multi-national bank.

Blockhouse Digital Secures $2 Million in GP Funding to Launch a Crypto Asset Management Firm

Retrieved on: 
Thursday, March 21, 2024
CIO, Citigroup, Risk management, Business, AQR Capital, ASIC, CFO, Partnership, UBS, Business development, Head, Oaktree Capital Management, Morgan Stanley, Investment, OTC, Ecosystem, JPMorgan Chase, Miner, Blockhouse, Cryptocurrency

DALLAS, March 21, 2024 /PRNewswire/ -- Blockhouse Digital, an asset management firm specializing in collateralized lending and yield-generating strategies in the crypto markets, is pleased to announce the successful completion of a $2 million seed GP funding round.

Key Points: 
  • DALLAS, March 21, 2024 /PRNewswire/ -- Blockhouse Digital, an asset management firm specializing in collateralized lending and yield-generating strategies in the crypto markets, is pleased to announce the successful completion of a $2 million seed GP funding round.
  • The funding will fuel the launch of Blockhouse Digital's specialized financial products and services, which are designed to serve institutional investors, borrowers, and lenders.
  • "There is a lack of available credit to crypto infrastructure providers and traders," said Young Cho, CEO & Co-CIO of Blockhouse Digital, who is the former CIO of Abra, CFO of Hedera, and CFO of AltLending.
  • The newly secured funds will be used to launch Blockhouse Digital's technology infrastructure, expand its product offerings, and strengthen its market position as a leader in crypto asset management.

Whistleblower Secures $70MM Settlement for Alleged Municipal Bond Fraud and Price-Fixing

Retrieved on: 
Thursday, March 21, 2024
Bank of America, Citigroup, McKool Smith, BMO, Bank, Morgan Stanley, False Claims Act, Lawyer, Fraud, JPMorgan Chase, Government, Barclays, Fifth Third Bank, Pharmaceutical industry

CHICAGO, March 21, 2024 /PRNewswire/ -- A $70 million settlement in a whistleblower lawsuit against eight of the nation's largest banks has been finalized and executed, making it the largest reported settlement ever under the Illinois False Claims Act.

Key Points: 
  • Edelweiss has brought similar lawsuits involving VRDOs on behalf of California, New York, and New Jersey, and those lawsuits are continuing.
  • Johan Rosenberg, the principal of Edelweiss with more than 30 years' experience advising municipalities and other clients on VRDOs and other types of municipal bonds, stated: "I am gratified by the settlement.
  • Under the False Claims Act in Illinois and numerous other states, whistleblowers can bring lawsuits on behalf of the government against those committing fraud against the government.
  • For its successful settlement in Illinois, Edelweiss received the maximum reward of 30% of the government's $48 million portion of the settlement.

Entegration Names Michael Russell to Board of Directors

Retrieved on: 
Wednesday, March 20, 2024
Princeton University, Harvard Business School, Morgan Stanley, Institution, Investment, JPMorgan Chase, Partner, Leadership Council, Marketing, Economics, WarnerMedia, Greenwich Library, Management

MORRISTOWN, N.J., March 20, 2024 /PRNewswire/ -- Entegration is pleased to announce the appointment of Michael Russell to its board of directors.

Key Points: 
  • MORRISTOWN, N.J., March 20, 2024 /PRNewswire/ -- Entegration is pleased to announce the appointment of Michael Russell to its board of directors.
  • As a Partner at TimesSquare Capital Management, Michael specializes in equity investments in small to mid-sized growth companies, with a focus on consumer and business services.
  • "I am thrilled to have Mike Russell join our board," said Art Gross, CEO of Entegration, Inc. "Mike's experience in working with management teams at growing companies will be a significant asset to us."
  • Michael will be involved in corporate strategy at Entegration, Inc., leveraging his expertise in equity investments and business growth.