Citibank

EAB to Acquire Forage to Bridge the Gap Between College and Career for Millions of Students

Retrieved on: 
Monday, April 8, 2024
KPMG, Goldman Sachs, EAB, School, Acquisition, Lululemon Athletica, Student, Forage, Citibank, Management

The acquisition will enable EAB to draw on its unique position serving thousands of colleges and hundreds of companies to help employers identify and hire qualified early-career talent.

Key Points: 
  • The acquisition will enable EAB to draw on its unique position serving thousands of colleges and hundreds of companies to help employers identify and hire qualified early-career talent.
  • Forage’s interactive job simulations expose students to different career paths, build skills related to specific roles, and prepare students for interviews.
  • “With EAB, Forage can connect employers with a vast network of future candidates at critical points throughout their college journeys,” said Forage Co-founder and CEO Tom Brunskill.
  • Nearly 40 percent of US students who use the Forage platform say they are the first in their families to attend college.

Azerion enters into an Intercreditor Agreement and a Super Senior Working Capital Facility

Retrieved on: 
Thursday, April 4, 2024
ACT, EUR, Super Senior, Citibank Europe, AMERICA, Citibank, NOT, AS, Bank

Amsterdam, 4 April 2024 – Today, Azerion Group N.V. (the “Company”) announces it has entered into (i) an Intercreditor Agreement and (ii) a Super Senior Working Capital Facility Agreement with Citibank Europe plc (as original lender and agent), Citibank N.A., London Branch (as arranger) and Nordic Trustee & Agency AB (PUBL) (as security agent), amongst others, under which the Company is granted a EUR 15,000,000 super senior revolving credit facility (the "Super Senior Working Capital Facility").

Key Points: 
  • Amsterdam, 4 April 2024 – Today, Azerion Group N.V. (the “Company”) announces it has entered into (i) an Intercreditor Agreement and (ii) a Super Senior Working Capital Facility Agreement with Citibank Europe plc (as original lender and agent), Citibank N.A., London Branch (as arranger) and Nordic Trustee & Agency AB (PUBL) (as security agent), amongst others, under which the Company is granted a EUR 15,000,000 super senior revolving credit facility (the "Super Senior Working Capital Facility").
  • The entry into the Intercreditor Agreement and the Super Senior Working Capital Facility is as contemplated by and permitted under the terms and conditions of the EUR 165 million senior secured floating rate bonds, issued by the Company under a framework of EUR 300 million (the "Bonds").
  • Funds drawn under the Super Senior Working Capital Facility may be used by the Company for general corporate purposes including working capital and acquisitions.
  • The commercial conditions of the Super Senior Working Capital Facility are in line with market practice.

AlphaGen Intelligence Corp. Announces Its Production of the World’s Largest Immersive Beauty Brand Platform, Built on top of Blockchain Technology

Retrieved on: 
Monday, April 1, 2024
Learning, Environment, 3D, Life, Non-fungible token, Generation Z, Polygon, Citibank, Genz, AIC, Video game

This marks a significant milestone in AlphaGen’s journey, following the multi-million dollar contract with a major retail client beginning in 2023.

Key Points: 
  • This marks a significant milestone in AlphaGen’s journey, following the multi-million dollar contract with a major retail client beginning in 2023.
  • The virtual beauty metropolis elevates ecommerce experiences by offering an immersive platform for brands that bridges the gap between virtual and physical beauty retail.
  • He continued, “We are already seeing demand from other enterprise clients that are looking to invest in the seven-figure range.
  • During this project, AlphaGen has developed proprietary 3D and AI processes and pipelines that can be replicated with other leading retailers.

Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025

Retrieved on: 
Tuesday, April 9, 2024
Banking, Professional Services, Finance, Rate, Inc., Citibank, Bank

Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).

Key Points: 
  • Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).
  • The redemption date for the notes is April 24, 2024 (the “redemption date”).
  • The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date.
  • Beginning on the redemption date, interest will no longer accrue on the notes.

Aegon calls EUR 700 million of fixed-to-floating subordinated notes

Retrieved on: 
Tuesday, March 19, 2024
EUR, Euronext Amsterdam, Citibank, Security (finance)

The Hague, March 19, 2024 - Aegon today announces it is exercising its right to redeem EUR 700 million of 4% fixed-to-floating subordinated notes.

Key Points: 
  • The Hague, March 19, 2024 - Aegon today announces it is exercising its right to redeem EUR 700 million of 4% fixed-to-floating subordinated notes.
  • The redemption of these grandfathered Tier 2 securities will be effective as of April 25, 2024, when the aggregate principal amount of EUR 700 million will be repaid, together with any accrued and unpaid interest.
  • As previously announced, Aegon intends to refinance the notes.
  • A notice of redemption will be sent to all currently registered holders of the notes by the fiscal agent, Citibank N.A., London Branch.

EXL announces $125 million accelerated share repurchase program

Retrieved on: 
Monday, March 18, 2024
EXL, ASR, Share repurchase, Hand, Citibank

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, today announced that, as part of its capital allocation program, it has entered into an accelerated share repurchase agreement (the “ASR”) with Citibank, N.A.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, today announced that, as part of its capital allocation program, it has entered into an accelerated share repurchase agreement (the “ASR”) with Citibank, N.A.
  • to repurchase $125 million of the company’s common stock.
  • The company plans to fund the repurchase with available cash on hand and/or borrowing from its credit facility.
  • The ASR is a part of the company’s current $500 million stock repurchase program.

United Therapeutics Corporation Announces $1 Billion Accelerated Share Repurchase Program

Retrieved on: 
Monday, March 25, 2024
Biotechnology, Pharmaceutical, Health, Cardiology, UTHR, Patient, ASR, PBC, Sale, Therapy, Creativity, Citibank, Pharmaceutical industry

United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, today announced that its Board of Directors has authorized the company to purchase up to $1 billion of United Therapeutics’ common stock.

Key Points: 
  • United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, today announced that its Board of Directors has authorized the company to purchase up to $1 billion of United Therapeutics’ common stock.
  • This program builds on United Therapeutics’ planned $400 million paydown of its revolving credit facility in 2024, of which $100 million was paid down during the first quarter of 2024.
  • To enact the program, United Therapeutics today will enter into an Accelerated Share Repurchase (ASR) agreement with Citibank, N.A.
  • At final settlement of the ASR agreement, United Therapeutics may be entitled to receive additional shares of United Therapeutics’ common stock, or, under certain limited circumstances, be required to make cash payment to Citi or, if United Therapeutics elects, deliver shares to Citi.

Deepgram Launches Aura, a Text-to-Speech API for Real-Time, Conversational Voice AI Agents

Retrieved on: 
Tuesday, March 12, 2024
Software, Technology, Audio, Video, Artificial Intelligence, TTS, Speech, Organization, Natural language processing, GPU, Y Combinator, Research, AI, Transit (satellite), Spotify, Deep learning, NASA, Citibank, Safety, API, ChatGPT, Multimedia, Human, Customer service

Aura is designed for developers who want to build real-time, conversational voice AI agents that can interact with customers, employees, and other users in a natural and engaging way.

Key Points: 
  • Aura is designed for developers who want to build real-time, conversational voice AI agents that can interact with customers, employees, and other users in a natural and engaging way.
  • With this release, Deepgram offers developers a complete voice AI platform, giving them the essential building blocks they need – from transcription to sentiment analysis to voice synthesis – to build high throughput, real-time AI agents of the future.
  • Deepgram is the leading voice AI platform provider for enterprises and conversational AI leaders.
  • Deepgram is on a mission to unlock the value of voice data and make voice AI accessible and affordable for everyone.

Antonio Martino, former CFO of Silvergate Capital Corporation and LendingPoint and former Citibank alum has joined PayZen as CFO

Retrieved on: 
Tuesday, March 26, 2024
Public, Growth, CFO, SAN, LendingPoint, Strategic planning, Sale, Ernst & Young, Fintech, Silvergate Bank, Citibank, Management

SAN FRANCISCO, March 26, 2024 /PRNewswire/ -- Today PayZen, a healthcare-focused fintech company tackling healthcare affordability with AI-powered patient affordability solutions, announced Antonio Martino as its new Chief Financial Officer.

Key Points: 
  • Martino joins PayZen with over thirty years of financial services and public accounting experience, including direct work in early-stage, private-equity-backed, publicly traded, and privately held fintech companies.
  • Before joining PayZen, Martino served as CFO at Silvergate Capital Corporation where he successfully executed an Initial Public Offering on the New York Stock Exchange, along with several follow-on equity offerings.
  • Additionally, he served as CFO at LendingPoint, an early-stage consumer lending and point-of-sale fintech platform.
  • "In the United States, where a crisis looms, PayZen presents a transformative solution: a harmonious blend of finance, technology, and healthcare.

Sify Technologies Ltd. Announces Plans for Rights Offering to Shareholders

Retrieved on: 
Thursday, March 21, 2024
Exchange, Sify, Partnership, Sale, American depositary receipt, Security (finance), Prospectus, Data center, Person, Citibank, MPLS, Rights, Data, Register, ICT

The Company today announced that it has filed a Registration Statement on Form F-1 (the "Registration Statement") with the Securities and Exchange Commission for a rights offering (the "Rights Offering") to holders of its equity shares and American Depositary Shares ("ADSs").

Key Points: 
  • The Company today announced that it has filed a Registration Statement on Form F-1 (the "Registration Statement") with the Securities and Exchange Commission for a rights offering (the "Rights Offering") to holders of its equity shares and American Depositary Shares ("ADSs").
  • The Rights Offering will include an over-subscription right, which will permit each rights holder that exercises its subscription rights in full the option to purchase additional equity shares or ADSs, as the case may be, that remain unsubscribed at the expiration of the Rights Offering.
  • The Rights Offering will not commence until the Registration Statement has been declared effective by the Securities and Exchange Commission.
  • The record date for the distribution of the rights, the dates for both the subscription period and expiration of the Rights Offering and other pricing information will be included in the Company's final prospectus relating to the Rights Offering.