Structured finance

DBRS Morningstar: Do ESG Considerations Impact the Decision to Rate a Specific Issuer or Transaction?

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Wednesday, February 9, 2022
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DBRS Morningstar has released a commentary discussing how environmental, social, and governance (ESG) factors could impact the decision to rate a particular issuer or transaction.

Key Points: 
  • DBRS Morningstar has released a commentary discussing how environmental, social, and governance (ESG) factors could impact the decision to rate a particular issuer or transaction.
  • Social factors are unlikely to preclude DBRS Morningstar from rating an issuer within the Governments, Financial Institutions or Corporate sectors.
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. 2022 DBRS Morningstar.
  • The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

Atento Appoints Hernan van Waveren as Investor Relations Director

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Wednesday, February 2, 2022
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(NYSE: ATTO, "Atento" or the "Company"), one of the world's five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced today that Hernan van Waveren has been appointed Investor Relations Director of the Company, effective immediately.

Key Points: 
  • (NYSE: ATTO, "Atento" or the "Company"), one of the world's five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced today that Hernan van Waveren has been appointed Investor Relations Director of the Company, effective immediately.
  • Mr. van Waveren joined Atento from US-based Believing Capital, where he was Chief Executive Officer of the firm, a purpose-driven, ESG-focused Multi-family Office serving clients in the US, Latin America and Europe.
  • Mr. van Waveren subsequently moved to the bank's asset management area, where he was a position trader managing approximately $1.5 billion in client assets.
  • Atento is also subject to other risk factors described in documents filed by Atento with the United States Securities and Exchange Commission.

Topland Group to Enhance Operations with Yardi Solutions

Retrieved on: 
Monday, January 31, 2022
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LONDON, Jan. 31, 2022 /PRNewswire/ -- Topland Group, one of the largest privately owned real estate investment groups in the UK, has adopted Yardi® technology to consolidate its operational platform from disparate systems, reduce manual processes and gain advanced reporting with real-time data.

Key Points: 
  • The investment group will implement Yardi Investment Accounting to automate processes, increase operational efficiencies and gain real-time data with faster investor reporting.
  • Topland will also implement Yardi Deal Manager , Yardi Lease Manager , Yardi Procure to Pay and VendorCafe .
  • "We began evaluating multiple providers and Yardi stood out above the rest as it had everything we were looking for," said Scott McKenzie, director of property management for Topland Group.
  • "Yardi's connected solution will allow Topland Group to automate complex investment management processes, as well as enhance asset and property operations from one system," saidNeal Gemassmer, vice president of international for Yardi.

KBRA Launches European Research Podcast: Conversations in European Credit

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Thursday, January 13, 2022
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KBRA UK (KBRA) announces the launch of Conversations in European Credit podcast, a new periodic series hosted by KBRA Head of European Research Gordon Kerr.

Key Points: 
  • KBRA UK (KBRA) announces the launch of Conversations in European Credit podcast, a new periodic series hosted by KBRA Head of European Research Gordon Kerr.
  • Conversations in European Credit brings together KBRA analysts from across the company to discuss topical issues in the European capital markets.
  • In the first episode, Structured Finance: European Insights , Gordon and members of the KBRA Structured Finance team discuss the companys 2022 Outlook for European Securitisation markets.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Invalda INVL, Tesonet and ME Investicija to acquire 18% stake in Siauliu Bankas from EBRD

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Wednesday, December 22, 2021
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VILNIUS, Lithuania, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Invalda INVL (“IVL1L”) asset management group, Tesonet technology group, and ME Investicija, a holding company that owns Girteka Logistics, have signed independent agreements with the European Bank for the Reconstruction and Development (“EBRD”), to acquire a significant part of its current stake in Siauliu Bankas (“SAB1L”).

Key Points: 
  • The EBRD has provided considerable support to Siauliu Bankas, the fourth largest bank in Lithuania, for well over a decade, establishing its first equity holding in the bank in 2005, when it obtained a 16% stake.
  • The EBRD demonstrated a continued belief in and support for Siauliu Bankas, eventually increasing its stake to 26.02% by 2018.
  • Melis Ekmen Tabojer, Director of EBRDs EU Banks and Structured Finance team, said:
    Our long-term investment has contributed to Siauliu Bankas development and profitability.
  • We greatly value the contribution of the Founders, EBRD and the whole Siauliu Bankas team to the banks significant growth and achievements.

Needham Bank Closes $25mm Loan to Wind Energy Project

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Tuesday, December 21, 2021
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NEEDHAM, Mass., Dec. 21, 2021 /PRNewswire/ -- Needham Bank , which for more than a century has served as New England's "Builder's Bank," is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine.

Key Points: 
  • NEEDHAM, Mass., Dec. 21, 2021 /PRNewswire/ -- Needham Bank , which for more than a century has served as New England's "Builder's Bank," is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine.
  • The project, when complete, will include five wind turbines in Clifton, ME that will produce 20 megawatts of clean energy, and will complement a nearby SWEB wind farm already in operation.
  • Daley was hired at Needham Bank to run its Structured Finance team, which complements the bank's commercial lending practices.
  • "I'm proud that Needham Bank is committed to the clean energy sector with innovative financing that continues a 130-year history of meeting builders' needs."

Leading Credit Rating Agency KBRA Acquired by Parthenon Capital Partners

Retrieved on: 
Monday, December 13, 2021
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KBRA, a full-service global rating agency committed to innovation and integrity, announced today it has entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company.

Key Points: 
  • KBRA, a full-service global rating agency committed to innovation and integrity, announced today it has entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company.
  • KBRA is the largest global credit rating agency founded in the wake of the global financial crisis.
  • The market clearly relies on KBRA for holistic, transparent and thoughtful credit ratings and research said Zach Sadek, a partner at Parthenon Capital.
  • Parthenon Capital is a leading growth-oriented private equity firm with offices in Boston, San Francisco, and Austin.

Intersect Power Secures $2.6 Billion in Project Financing to Build Out Near Term Portfolio Including 2.2 GWDC of Late-Stage Solar with 1.4 GWh of Storage; Projects Will be in Operation by 2023

Retrieved on: 
Thursday, November 18, 2021
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The transactions cover construction financing, tax equity, land financing and portfolio level term debt with industry-leading partners.

Key Points: 
  • The transactions cover construction financing, tax equity, land financing and portfolio level term debt with industry-leading partners.
  • Intersect's differentiated approach to power marketing and financing, focused on the active management of shorter-tenor offtake contracts and portfolio-level financing, is expected to deliver superior risk-adjusted returns for investors.
  • The term financing facility incorporates structuring and pricing provisions designed to account for the higher proportion of uncontracted revenue in the portfolio.
  • Proceeds from the term facility will support both construction and operation of the Portfolio.

S&W Seed Company Appoints Elizabeth (Betsy) Horton, CPA, CFA as Chief Financial Officer

Retrieved on: 
Monday, November 15, 2021
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LONGMONT, Colo., Nov. 15, 2021 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced the appointment of Elizabeth (Betsy) Horton as its Executive Vice President and Chief Financial Officer, effective November 15, 2021.

Key Points: 
  • LONGMONT, Colo., Nov. 15, 2021 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced the appointment of Elizabeth (Betsy) Horton as its Executive Vice President and Chief Financial Officer, effective November 15, 2021.
  • She currently serves on the Board of Rahr Corporation, a 174-year old global malt and brewing supply company.
  • "I am pleased to welcome Betsy to our executive team," said Mark Wong, President and Chief Executive Officer of S&W Seed Company.
  • Founded in 1980, S&W Seed Company is a global integrated seed technology company focused on middle market crops.

Needham Bank Introduces a Structured Finance Team Focused on Serving Emerging, High-Growth and Renewable Energy Companies in New England

Retrieved on: 
Wednesday, October 13, 2021
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NEEDHAM, Mass., Oct. 13, 2021 /PRNewswire/ -- Needham Bank, which for more than a century has served as New England's "Builder's Bank," has established a new Structured Finance team focused on providing senior capital to emerging and high-growth companies.

Key Points: 
  • NEEDHAM, Mass., Oct. 13, 2021 /PRNewswire/ -- Needham Bank, which for more than a century has served as New England's "Builder's Bank," has established a new Structured Finance team focused on providing senior capital to emerging and high-growth companies.
  • "New England is one of the most robust and diverse economic regions in the U.S. and a driver of innovation.
  • The Structured Finance team also gives Needham Bank a platform to engage in larger transactions through syndications and participation lending with other commercial banking institutions.
  • Known as the "Builder's Bank", Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892.