Citibank

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

Retrieved on: 
Monday, January 29, 2024

Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.
  • OPI has a one-year extension option for the $325 million secured revolving credit facility, subject to the payment of an extension fee and satisfaction of certain other customary conditions.
  • The Facilities are secured by 19 office properties with a gross carrying value of $942 million.
  • The Facilities replace OPI’s previous $750 million unsecured revolving credit facility that was scheduled to mature on January 31, 2024.

Notice to the Annual General Meeting of Stora Enso Oyj

Retrieved on: 
Thursday, February 1, 2024

HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Wednesday 20 March 2024. Notice to the Annual General Meeting  Notice is given to the shareholders of Stora Enso Oyj ("Stora Enso" or the "Company") to the Annual General Meeting (the "AGM") to be held on Wednesday 20 March 2024 at 4:00 p.m. Finnish time at Marina Congress Center, Katajanokanlaituri 6, FI-00160, Helsinki, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 2:15 p.m. Finnish time at the meeting venue.   Shareholders can also exercise their voting rights by voting in advance. Instructions for advance voting are presented in this notice under section C. Instructions for the participants in the AGM.  The AGM will be conducted in the Finnish language. Simultaneous translation will be available in the meeting room into the English and, when relevant, Finnish languages.Before the AGM, at 2:45 – 3:30 p.m. Finnish time, Stora Enso's President and CEO Hans Sohlström and CFO Seppo Parvi will be available in Marina Congress Center to discuss with the shareholders. The event is not part of the AGM and will be held in Finnish with simultaneous translation into English. In connection with the event, participants can present questions to the Company's management, but the event will not be a forum for decision-making. Questions presented at the event are thus not questions referred to in Chapter 5, Section 25 of the Finnish Companies Act.

Key Points: 
  • PricewaterhouseCoopers Oy would also act as the sustainability reporting assurance provider of the Company until the end of the Company's next Annual General Meeting.
  • The personal data provided to Stora Enso Oyj will be used only in connection with the AGM and with the processing of related registrations.
  • Request temporary registration in the shareholders' register of Stora Enso Oyj maintained by Euroclear Finland Oy.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Notice to the Annual General Meeting of Stora Enso Oyj

Retrieved on: 
Thursday, February 1, 2024

HELSINKI, Feb. 1, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has decided to convene the Annual General Meeting to be held on Wednesday 20 March 2024. Notice to the Annual General Meeting  Notice is given to the shareholders of Stora Enso Oyj ("Stora Enso" or the "Company") to the Annual General Meeting (the "AGM") to be held on Wednesday 20 March 2024 at 4:00 p.m. Finnish time at Marina Congress Center, Katajanokanlaituri 6, FI-00160, Helsinki, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 2:15 p.m. Finnish time at the meeting venue.   Shareholders can also exercise their voting rights by voting in advance. Instructions for advance voting are presented in this notice under section C. Instructions for the participants in the AGM.  The AGM will be conducted in the Finnish language. Simultaneous translation will be available in the meeting room into the English and, when relevant, Finnish languages.Before the AGM, at 2:45 – 3:30 p.m. Finnish time, Stora Enso's President and CEO Hans Sohlström and CFO Seppo Parvi will be available in Marina Congress Center to discuss with the shareholders. The event is not part of the AGM and will be held in Finnish with simultaneous translation into English. In connection with the event, participants can present questions to the Company's management, but the event will not be a forum for decision-making. Questions presented at the event are thus not questions referred to in Chapter 5, Section 25 of the Finnish Companies Act.

Key Points: 
  • PricewaterhouseCoopers Oy would also act as the sustainability reporting assurance provider of the Company until the end of the Company's next Annual General Meeting.
  • The personal data provided to Stora Enso Oyj will be used only in connection with the AGM and with the processing of related registrations.
  • Request temporary registration in the shareholders' register of Stora Enso Oyj maintained by Euroclear Finland Oy.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Credit-Cards-as-a-Service Market Analysis, Featuring Competitor Analysis for American Express, Chase, Citibank & Discover - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 25, 2024

For many, launching a card as a core business or an extension of existing operations is an appealing prospect.

Key Points: 
  • For many, launching a card as a core business or an extension of existing operations is an appealing prospect.
  • While credit cards are everyday products, present in the wallets of hundreds of millions of Americans, they are a complex financial product.
  • As consumers, we consider credit cards profitable products based on the public earnings reports of the top bank issuers, such as Chase, American Express, Citibank, and Discover.
  • Over the past few years, a new option has emerged for companies that seek to build or embed a credit card program.

Plastic Collective attracts landmark fundraising to tackle plastic pollution

Retrieved on: 
Thursday, January 25, 2024

This innovative bond provides investors a financial return linked to Plastic Waste Collection Credits, Plastic Waste Recycling Credits (collectively, plastic credits), and Voluntary Carbon Units (carbon credits) expected to be generated by two projects.

Key Points: 
  • This innovative bond provides investors a financial return linked to Plastic Waste Collection Credits, Plastic Waste Recycling Credits (collectively, plastic credits), and Voluntary Carbon Units (carbon credits) expected to be generated by two projects.
  • The funding will help Plastic Collective’s mission to rid the world of plastic waste by channeling private capital to support plastic collection and recycling projects in remote and vulnerable communities to access sustainable finance and address extreme plastic leakage into nature and oceans.
  • The emergence of plastic credits, coupled with continuing education and effort to cut plastic use offer a prime opportunity to tackle this pressing environmental and social challenge.
  • Our collective effort innovatively uses VERRA-registered plastic credits to support two projects to reduce plastic pollution -- a huge global challenge with particularly devastating impacts on emerging markets.

Ambow Education Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Monday, January 29, 2024

CUPERTINO, Calif., Jan. 29, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change").

Key Points: 
  • CUPERTINO, Calif., Jan. 29, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced its plan to change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares (the "ADS Ratio Change").
  • The ADS Ratio Change will have the same effect as a one-for-10 reverse ADS split for ADS holders.
  • The ADS Ratio Change will have no impact on the Company's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or canceled in connection with the ADS Ratio Change.
  • The Company can give no assurance that the ADS price after the ADS Ratio Change will be proportionally equal to or greater than the previous ADS price prior to the change.

Mortgage Industry Leader Ingrid Jaschok Joins Cenlar as Senior Vice President of Default Operations

Retrieved on: 
Monday, January 22, 2024

Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today that Ingrid Jaschok has been appointed Senior Vice President of Default Operations.

Key Points: 
  • Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today that Ingrid Jaschok has been appointed Senior Vice President of Default Operations.
  • As SVP of Default Operations, Ingrid will oversee all business segments within the default servicing portfolio including early and late-stage default.
  • Prior to joining Cenlar, Ingrid was Senior Director and Senior Vice President of Default Servicing at Flagstar Bank.
  • Before Citibank, Ingrid was Executive Vice President of online auction operations at Auction.com where she managed merchandising to transaction servicing processing.

Looking for a Deal? Citi Launches New Browser Extension for Savvy Shoppers

Retrieved on: 
Tuesday, January 23, 2024

For consumers looking to score a deal, Citi introduces Citi Shop℠, a free shopping desktop browser extension for eligible U.S. Citi(R) credit cardmembers.

Key Points: 
  • For consumers looking to score a deal, Citi introduces Citi Shop℠, a free shopping desktop browser extension for eligible U.S. Citi(R) credit cardmembers.
  • Cardmembers will receive a statement credit to their enrolled Citi credit card that they can track in the Citi Shop dashboard available in the Citi Mobile® App or online.
  • The Citi Shop extension is powered by Wildfire Systems Inc., which expands Citi’s existing relationship with the shopping rewards platform.
  • Eligible Citi credit cardmembers who are interested in downloading the Citi Shop browser extension can visit Citi.com/CitiShop to learn more.

UnionBank Selects Informatica’s AI-Powered Intelligent MDM Solution to Elevate Customer Experience in the Cloud

Retrieved on: 
Thursday, January 18, 2024

UnionBank has always been the first to embrace technological innovations including, but not limited to, cloud and AI to empower its customers.

Key Points: 
  • UnionBank has always been the first to embrace technological innovations including, but not limited to, cloud and AI to empower its customers.
  • With Informatica’s Intelligent MDM and 360 Applications powered by Informatica’s AI-powered Intelligent Data Management Cloud ™ (IDMC) platform, UnionBank is able to build an enterprise-wide 360-degree view of customers, distinguishing unique customers and their multiple relationships across the bank.
  • This allows UnionBank to exceed customer expectations and deliver highly personalized services based on a single real-time source of trusted data.
  • “The adoption of Informatica’s industry-leading MDM services, available natively on the IDMC platform, will enable UnionBank to accelerate its strategic vision by providing consistent trusted data to deliver exceptional customer experience to its customers.”

New Bellwether Housing project brings 200 affordable apartments to Seattle's Bitter Lake neighborhood

Retrieved on: 
Wednesday, January 24, 2024

SEATTLE, Jan. 23, 2024 /PRNewswire/ -- Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) are pleased to announce the opening of The Aries at Bitter Lake, bringing 200 affordable apartments to the North Seattle community.

Key Points: 
  • SEATTLE, Jan. 23, 2024 /PRNewswire/ -- Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) are pleased to announce the opening of The Aries at Bitter Lake, bringing 200 affordable apartments to the North Seattle community.
  • The Aries is the first project funded by EIHF to open to residents, proving that innovative financing can boost the supply of much-needed housing.
  • "This project is a testament to the power of collaboration in addressing our state's affordable housing crisis.
  • "The investments in affordable housing made by this region's business sector have been transformative," said Susan Boyd, CEO of Bellwether Housing.