Goldman Sachs

Newmont Corporation Announces Expiration and Final Results of the Tender Offers for its 3.500% Senior Notes due 2022 and Goldcorp’s 3.700% Notes due 2023

Wednesday, April 1, 2020 - 2:49pm

BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as the dealer managers in connection with the Tender Offers (collectively, the Dealer Managers).

Key Points: 
  • BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as the dealer managers in connection with the Tender Offers (collectively, the Dealer Managers).
  • King & Co., Inc. acted as the information and tender agent in connection with the Tender Offers (the Information and Tender Agent).
  • Holders of the Notes may also contact their broker, dealer, commercial bank, trust company or other nominee or intermediary for assistance concerning the Tender Offers.
  • Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.

NOTICE TO GOLDMAN SACHS MLP INCOME OPPORTUNITIES FUND (GMZ) INVESTORS – KlaymanToskes commences investigation on behalf of GMZ Investors Who Sustained Losses in Excess of $100,000 as a Result of a Recommendation from their Financial Advisor

Monday, March 30, 2020 - 2:30pm

KlaymanToskes ("KT"), http://www.klaymantoskes.com , announces an investigation on behalf of investors who sustained losses from the purchase of Goldman Sachs MLP Income Opportunities Fund (NYSE:GMZ) (GMZ) a Master Limited Partnership (MLP).

Key Points: 
  • KlaymanToskes ("KT"), http://www.klaymantoskes.com , announces an investigation on behalf of investors who sustained losses from the purchase of Goldman Sachs MLP Income Opportunities Fund (NYSE:GMZ) (GMZ) a Master Limited Partnership (MLP).
  • GMZ closed at 5.51 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19.
  • Today, GMZ trades at 1.20, or more than 78% lower than its market value on February 21, 2020.
  • The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds.

Goldman Sachs Asset Management Closed-End Funds Announce Reverse Share Splits

Monday, March 30, 2020 - 1:35pm

Computershare Trust Company, N.A., the Funds transfer agent, will act as the exchange agent for the reverse share splits.

Key Points: 
  • Computershare Trust Company, N.A., the Funds transfer agent, will act as the exchange agent for the reverse share splits.
  • The Goldman Sachs MLP Income Opportunities Fund began trading on the NYSE on November 26, 2013, and the Goldman Sachs MLP and Energy Renaissance Fund began trading on the NYSE on September 26, 2014.
  • About Goldman Sachs Asset Management, L.P.
    GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), and supervises $1.69 trillion as of December 31, 2019.1 GSAM has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world.
  • 1 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

ViacomCBS Announces $2.5 Billion Debt Offering

Friday, March 27, 2020 - 8:42pm

ViacomCBS intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of outstanding indebtedness.

Key Points: 
  • ViacomCBS intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of outstanding indebtedness.
  • The joint book-running managers for the offering are BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
  • ViacomCBS senior unsecured debt is currently rated BBB (stable) by Fitch Ratings, Baa2 (stable) by Moodys Investors Service and BBB (negative) by S&P Global Ratings.
  • In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.

 Tapestry, Inc. Announces $2,000,000 Commitment From the Coach Foundation to Support New York City Small Businesses Affected by COVID-19

Friday, March 27, 2020 - 6:59pm

View the full release here: https://www.businesswire.com/news/home/20200327005471/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200327005471/en/
    Tapestrys Coach Foundation, together with Goldman Sachs 10,000 Small Businesses, Goldman Sachs Foundation, Pursuit and New York City, are anchor partners in this public-private partnership.
  • The Small Business Continuity Fund will offer financial assistance to small businesses in New York City as they deal with various challenges in response to the novel coronavirus.
  • The Coach Foundation will also make an additional contribution to an organization crowd-sourced by employees in North America.
  • Coach, Kate Spade and Stuart Weitzman were once small businesses here in New York City, and we are proud to partner with New York City and with Goldman Sachs through the Coach Foundation to help small businesses in our home city.

Goldman Sachs Asset Management Closed-End Funds Announce Results of Joint Annual Shareholder Meeting

Friday, March 27, 2020 - 12:03am

Goldman Sachs Asset Management (GSAM), investment adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together, the Funds), announced the results from the Funds joint annual shareholder meeting held today.

Key Points: 
  • Goldman Sachs Asset Management (GSAM), investment adviser for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) (together, the Funds), announced the results from the Funds joint annual shareholder meeting held today.
  • Shareholders of the Goldman Sachs MLP Income Opportunities Fund elected two Class III Trustees, Lawrence W. Stranghoener and Caroline Dorsa.
  • Shareholders of the Goldman Sachs MLP and Energy Renaissance Fund elected two Class II Trustees, Linda A. Lang and James A. McNamara.
  • The Goldman Sachs MLP Income Opportunities Fund began trading on the NYSE on November 26, 2013, and the Goldman Sachs MLP and Energy Renaissance Fund began trading on the NYSE on September 26, 2014.

Mexican SME lender Credijusto secures credit facility from Credit Suisse for USD $100 million

Wednesday, March 25, 2020 - 4:27pm

MEXICO CITY, March 25, 2020 /PRNewswire/ -- Credijusto, the leading tech-enabled lender in Mexico, announced today that it closed a USD $100 million debt facility with Credit Suisse AG.

Key Points: 
  • MEXICO CITY, March 25, 2020 /PRNewswire/ -- Credijusto, the leading tech-enabled lender in Mexico, announced today that it closed a USD $100 million debt facility with Credit Suisse AG.
  • The transaction follows the closing of a landmark USD $100 million credit facility with Goldman Sachs last year.
  • These two transactions were the first such deals that both banks had completed with a Mexican fintech.
  • Since its founding in 2015, Credijusto has sought to address the market inefficiencies largely present throughout the Mexican banking system.

TierPoint Raises $320 Million from Consortium of Investors

Tuesday, March 24, 2020 - 8:30pm

The $320 million of preferred equity is led by a consortium of new investors: Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance.

Key Points: 
  • The $320 million of preferred equity is led by a consortium of new investors: Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance.
  • Existing investors including Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners will also participate.
  • That's a testament to the strong performance TierPoint has already achieved and our prospects for continued growth," said the company's Chairman and CEO Jerry Kent.
  • Citi and DH Capital served as financial advisors to TierPoint in the transaction and Goldman Sachs advised RedBird Capital.

Jessica Kung Joins Eaton Vance as Chief Human Resources Officer

Monday, March 23, 2020 - 1:00pm

BOSTON, March 23, 2020 /PRNewswire/ --Eaton Vance Corp. ("Eaton Vance") (NYSE: EV), announced today that Jessica Kung has joined the firm as Chief Human Resources Officer.

Key Points: 
  • BOSTON, March 23, 2020 /PRNewswire/ --Eaton Vance Corp. ("Eaton Vance") (NYSE: EV), announced today that Jessica Kung has joined the firm as Chief Human Resources Officer.
  • Based in Boston, Ms. Kung will lead Eaton Vance's global human resources (HR) efforts, reporting to Daniel C. Cataldo, Chief Administrative Officer.
  • Ms. Kung replaces Mark D. Burkhard, who will retire in April 2020 after 23 years as Eaton Vance's Chief Human Resources Officer.
  • Ms. Kung joins Eaton Vance after a 15-year career with Goldman Sachs.

Element Solutions Inc to Participate in a Virtual Investor Conference and Q&A Session Hosted by Goldman Sachs

Monday, March 23, 2020 - 10:53am

Element Solutions Inc (NYSE:ESI) ("Element Solutions") announced today that Benjamin Gliklich, Chief Executive Officer, and other members of the management team are scheduled to present and participate in a Q&A session hosted by Robert Koort of Goldman Sachs on Thursday, March 26, 2020 at 9:30 a.m.

Key Points: 
  • Element Solutions Inc (NYSE:ESI) ("Element Solutions") announced today that Benjamin Gliklich, Chief Executive Officer, and other members of the management team are scheduled to present and participate in a Q&A session hosted by Robert Koort of Goldman Sachs on Thursday, March 26, 2020 at 9:30 a.m.
  • The Company will discuss its recent performance, current market trends and the impact of COVID-19 amongst other topics.
  • Dial-in details for the conference call and copies of the slides related to the presentation will be made available in the Investors section of www.elementsolutionsinc.com closer to the event.
  • Element Solutions Inc is a leading specialty chemicals company whose businesses formulate a broad range of solutions that enhance the performance of products people use every day.