Corporate finance

Crédit Agricole Corporate and Investment Bank Arranges the First Green ABCP Note Financing Electric Vehicles in Client Auto Retail Loan and Lease Pools

Tuesday, July 7, 2020 - 2:00pm

Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.

Key Points: 
  • Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.
  • Crdit Agricole CIB understands this to be the industry's first green ABCP note financing electric vehicles (EVs) in client auto loan and lease pools.
  • Further, the green ABCP assets will conform with the Crdit Agricole Corporate Social Responsibility (CSR) policy and contribute to the United Nations Sustainable Development Goals (SDGs) as outlined by the Green Bond Framework.
  • By establishing eligible green asset ABCP financing standards as an Annex within the Crdit Agricole Group Green Bond Framework (Green Bond Framework), and by working with auto finance clients to provide green collateral reporting, the ABCP programs are now able to connect green asset (ESG) investor financing with eligible green assets.

EA 2020 Annual Meeting of Stockholders Moves to Virtual-Only Format Due to COVID-19 Pandemic

Tuesday, July 7, 2020 - 9:05pm

Electronic Arts Inc. (NASDAQ: EA) announced today it will host its 2020 Annual Meeting of Stockholders as a virtual, audio-only meeting hosted online at www.virtualshareholdermeeting.com/EA2020 .

Key Points: 
  • Electronic Arts Inc. (NASDAQ: EA) announced today it will host its 2020 Annual Meeting of Stockholders as a virtual, audio-only meeting hosted online at www.virtualshareholdermeeting.com/EA2020 .
  • Stockholders at the close of business on the record date, June 12, 2020, are entitled to attend the meeting.
  • Whether or not stockholders plan to attend the virtual Annual Meeting, EA urges stockholders to vote and submit their proxies in advance of the meeting by one of the methods described in the proxy materials.
  • Stockholders can find additional details about attending, voting and participating virtually at the 2020 Annual Meeting of Stockholders in the additional proxy materials that EA filed today with the Securities and Exchange Commission.

Pennington Fund Publishes 2Q-2020 Growth, and Announces 2Q-Dividends

Tuesday, July 7, 2020 - 2:00pm

Pennington Fund is pleased to announce its Second Quarter Dividends for 2020.

Key Points: 
  • Pennington Fund is pleased to announce its Second Quarter Dividends for 2020.
  • The Pennington Real Estate Investment Fund (REIF) grew 3.80 percent during the Second Quarter of 2020, and quarterly dividends amounting to 1.36% were distributed July 03, 2020.
  • The Pennington REIF is a Fund-of-Funds that invests in Asian REITs (Real Estate Investment Trusts).
  • The Pennington REIF was designed to give investors the opportunity to profit from the Asian real estate market.

Kayne Anderson Announces Expansion of Renewable Platform, Names Co-Heads of Renewable Investing

Tuesday, July 7, 2020 - 1:00pm

Kayne Anderson Capital Advisors, L.P. (Kayne or the Firm), announced today the continued expansion of its renewable investment platform with a series of solar investments in the second quarter.

Key Points: 
  • Kayne Anderson Capital Advisors, L.P. (Kayne or the Firm), announced today the continued expansion of its renewable investment platform with a series of solar investments in the second quarter.
  • Over the last several years, Kayne has leveraged the firms deep energy and infrastructure expertise to expand its investment platform to pursue opportunities in renewable power and infrastructure.
  • The firm has named Jon Levinson and J.C. Frey co-heads of Kaynes renewable platform with Mr. Levinson leading the private renewable efforts and Mr. Frey leading the public markets strategies.
  • Kayne Anderson Capital Advisors is a leading alternative investment management firm focused on infrastructure, real estate, credit and private equity.

NIRI New York Chapter Launches New Website

Tuesday, July 7, 2020 - 1:00pm

The New York chapter of the National Investor Relations Institute (NIRI NY) today announced that it has launched its new chapter website featuring a new design, improved access to chapter resources and a more intuitive user experience.

Key Points: 
  • The New York chapter of the National Investor Relations Institute (NIRI NY) today announced that it has launched its new chapter website featuring a new design, improved access to chapter resources and a more intuitive user experience.
  • As our chapter evolves to meet the needs of our broad membership base, so must our website to reflect the quality, breadth and depth of our outstanding membership benefits, said Neil Stewart, NIRI NY Board President.
  • As the largest chapter in the national NIRI network, the NIRI NY chapter benefits from close proximity to many Fortune 500 companies and unique access to capital markets leaders.
  • NIRI New York is the largest chapter in the NIRI network.

The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share

Tuesday, July 7, 2020 - 11:55am

The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on July 7, 2020, its Board of Directors declared a quarterly cash dividend of $0.48 per share.

Key Points: 
  • The GEO Group, Inc. (NYSE: GEO) ("GEO") announced that on July 7, 2020, its Board of Directors declared a quarterly cash dividend of $0.48 per share.
  • The quarterly cash dividend will be paid on July 24, 2020 to shareholders of record as of the close of business on July 17, 2020.
  • George C. Zoley, Chairman and Chief Executive Officer of GEO, said: We are pleased to declare a quarterly cash dividend of $0.48 per share.
  • GEO is a leading provider of enhanced in-custody rehabilitation, post-release support, electronic monitoring, and community-based programs.

Notice of Extraordinary General Meeting in Starbreeze AB (publ)

Tuesday, July 7, 2020 - 9:27am

Each Class A share shall carry ten (10) votes and each Class B share shall carry one (1) vote.

Key Points: 
  • Each Class A share shall carry ten (10) votes and each Class B share shall carry one (1) vote.
  • Otherwise, Class A shares and Class B shares carry equal rights to a share in the company's assets and profits.
  • Each Class A share shall carry ten (10) votes and each Class B share shall carry one (1) vote.
  • In accordance with theTerms and conditions for Starbreeze AB (publ) convertible bond 2016:2021:1, item 10.C.

Pure Acquisition Corp. Announces Business Combination Merger Consideration

Tuesday, July 7, 2020 - 10:45am

The closing of the business combination is subject to the requisite approval of Pures stockholders and the satisfaction of customary conditions.

Key Points: 
  • The closing of the business combination is subject to the requisite approval of Pures stockholders and the satisfaction of customary conditions.
  • The description of the business combination contained herein is only a summary and is qualified in its entirety by reference to the HPK Business Combination Agreement relating thereto.
  • Pure is a blank check company formed in Delaware on November 13, 2017 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • Investors and security holders of Pure are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination.

Evolus Strengthens Balance Sheet; Secures $40 Million Investment

Tuesday, July 7, 2020 - 12:48am

We ended the second quarter of 2020 with approximately $85 million in cash and investments.

Key Points: 
  • We ended the second quarter of 2020 with approximately $85 million in cash and investments.
  • Once closed, our second quarter cash combined with the gross proceeds from this offering generates a strong pro forma cash position of $125 million.
  • Represents unaudited June 30, 2020 cash, cash equivalents and short-term investments of $85 million plus gross proceeds from the closing of the $40 million convertible debt offering.
  • Except as required by law, Evolus undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

First Horizon Declares Dividends on Series B and Series C Preferred Stock

Monday, July 6, 2020 - 11:38pm

MEMPHIS, Tenn., July 06, 2020 (GLOBE NEWSWIRE) -- First Horizon National Corp.'s (NYSE:FHN) board of directors has authorized payment of the semi-annual cash dividend of $331.25 per share on First Horizons 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock").

Key Points: 
  • MEMPHIS, Tenn., July 06, 2020 (GLOBE NEWSWIRE) -- First Horizon National Corp.'s (NYSE:FHN) board of directors has authorized payment of the semi-annual cash dividend of $331.25 per share on First Horizons 6.625% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock").
  • This equates to a cash dividend of $0.828125 per Depositary Share (NYSE:FHN PRB), which each represent a 1/400th interest in a share of the Series B Preferred Stock.
  • The board has also authorized payment of the quarterly cash dividend of $165.00 per share on First Horizons 6.60% Fixed to Floating Non-Cumulative Perpetual Preferred Stock, Series C ("Series C Preferred Stock").
  • This equates to a cash dividend of $0.4125 per Depositary Share (NYSE:FHN PRC), which each represent a 1/400th interest in a share of the Series C Preferred Stock.