Investment banking

Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023

The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.

Key Points: 
  • The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.
  • The Taskforce also obtains input from public development banks including the Asian Development Bank (ADB), the French Agency for Development (AFD), and the United States International Development Finance Corporation (DFC), as well as from the Global Impact Investing Network (GIIN), members of the Global Investors for Sustainable Development Alliance (GISD), and Linklaters.
  • Collaborating to provide suggested guidance on standardized impact metrics for development finance will allow entities to more clearly communicate their contribution towards the SDGs.
  • We are working to support greater impact disclosures and ultimately attract more sustainable finance capital to emerging markets and developing countries.”

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Retrieved on: 
Tuesday, November 28, 2023

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).

Key Points: 
  • Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).
  • The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
  • Benjamin Sutton, 61C’s CEO, commented: “This refinancing, achieved amidst a challenging credit environment, underscores our lending partners' confidence in 61C's performance and growth potential.
  • “Their commitment, particularly within a tight credit market, is testament to 61C's robust financial management and strategic vision.

ImmunoPrecise Antibodies Ltd. Announces Key Board and Board Committee Chair Appointments and Second Quarter 2024 Earnings Release Call

Retrieved on: 
Monday, November 27, 2023

As CEO and Chairman of SmartHealth Dx since 2022, Levine has focused the company’s strategy, operational efficiency, and boosted corporate value.

Key Points: 
  • As CEO and Chairman of SmartHealth Dx since 2022, Levine has focused the company’s strategy, operational efficiency, and boosted corporate value.
  • His background also includes a foundational role at The Shemano Group, a San Francisco-based investment bank focused on technology and life sciences sectors.
  • Dr. Jennifer Bath, CEO of ImmunoPrecise Antibodies, lauds Levine’s combination of life sciences and financial acumen as invaluable for IPA.
  • The financial results will be issued in a press release prior to the call.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Retrieved on: 
Friday, November 17, 2023

Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.
  • A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating noncumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.
  • A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Intersect Power Reaches Commercial Operation of 679 MWp / 1 GWh Oberon Solar + Storage Project in California

Retrieved on: 
Tuesday, November 14, 2023

Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.

Key Points: 
  • Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.
  • The Oberon project generates 679 MWp/500 MWac of reliable solar energy, enough to power over 207,000 homes a year, and features 250 MW/1 GWh of co-located storage.
  • The project was built with First Solar modules from Ohio, NX Horizon smart solar trackers from Nextracker, and American-made structural steel.
  • “The Oberon project is much more than a new source of clean power for California.

Grindr Names Tolu Adeofe as Director of Investor Relations As It Approaches One Year Anniversary of its NYSE Listing

Retrieved on: 
Monday, November 13, 2023

Grindr (NYSE: GRND), the world’s largest social network for the LGBTQ+ community, today announced that Tolu Adeofe has joined the company as Director of Investor Relations.

Key Points: 
  • Grindr (NYSE: GRND), the world’s largest social network for the LGBTQ+ community, today announced that Tolu Adeofe has joined the company as Director of Investor Relations.
  • Adeofe, who will lead the Investor Relations function, brings over a decade of experience driving investor strategy at the intersection of technology and finance.
  • Adeofe joins Grindr as the company approaches its one-year anniversary as a publicly traded company with several quarters of strong financial performance under its belt.
  • “She brings a wealth of experience in Investor Relations for dynamic technology platforms that will be valuable as we continue to convey the Grindr story to the investor community.

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

Cantor Fitzgerald Bolsters Technology Vertical with Two Senior Hires in Investment Banking and Research

Retrieved on: 
Wednesday, December 13, 2023

NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Cantor Fitzgerald, L.P. ("Cantor"), a leading global financial services firm, today announced the appointments of Cole Bader as Global Head of Technology Investment Banking and C.J. Muse as Senior Managing Director, Semiconductor Analyst. These appointments mark a significant expansion for Cantor in the technology space. Mr. Bader will report directly to Sage Kelly, Global Head of Investment Banking. Mr. Muse will report directly to David Siffringer, Global Head of Equity Research.

Key Points: 
  • Muse joins as Senior Managing Director, Semiconductor Research Analyst
    NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Cantor Fitzgerald, L.P. ("Cantor"), a leading global financial services firm, today announced the appointments of Cole Bader as Global Head of Technology Investment Banking and C.J.
  • Mr. Bader will report directly to Sage Kelly, Global Head of Investment Banking.
  • Sage Kelly, Senior Managing Director and Global Head of Investment Banking, commented on today's announcement, "Cole's extensive experience and proven leadership in the technology investment banking space will strengthen our capabilities and deliver enhanced value to our clients.
  • Mr. Bader's arrival at Cantor is part of a broader initiative, bringing together over 30 technology investment banking professionals to Cantor to develop a newly active industry vertical with a diverse product offering.

BancTrust & Co. Investment Bank Announces the Appointment of Jacqueline Kilgour as Non-Executive Director

Retrieved on: 
Wednesday, December 6, 2023

LONDON, Dec. 6, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based emerging markets investment bank, is pleased to announce that Jacqueline Kilgour has joined the firm as a non-executive member of the Board of Directors.

Key Points: 
  • LONDON, Dec. 6, 2023 /PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based emerging markets investment bank, is pleased to announce that Jacqueline Kilgour has joined the firm as a non-executive member of the Board of Directors.
  • Jacqueline is an English qualified solicitor who worked in private practice in London and Melbourne, Australia.
  • After leaving New York, Jacqueline established her consulting business, which she closed 12 years later to focus on her NED portfolio.
  • "I am honoured to bring my knowledge to the BancTrust team, and I look forward to contributing to the continued growth of the firm" stated Jacqueline.