U.S. Bancorp

Wedbush Securities Welcomes Patricia Hirata and Nobue Weber as Newest Wealth Management duo in Pasadena, CA

Retrieved on: 
Friday, January 19, 2024
Personal Finance, Finance, Consulting, Banking, Professional Services, Multimedia, Wealth management, Security (finance), EVP, U.S. Bancorp, Management

Wedbush Securities , a prominent diversified independent financial services provider, welcomes Patricia Hirata and Nobue Weber to its esteemed Wealth Management team.

Key Points: 
  • Wedbush Securities , a prominent diversified independent financial services provider, welcomes Patricia Hirata and Nobue Weber to its esteemed Wealth Management team.
  • The duo will be based in the firm’s Pasadena office, further expanding Wedbush's presence in the greater Pasadena area.
  • View the full release here: https://www.businesswire.com/news/home/20240119131269/en/
    Wedbush Securities Welcomes Patricia Hirata to its Wealth Management team (Photo: Business Wire)
    In a strategic transition from U.S. Bank to Wedbush, Hirata, a former top producer at the Little Tokyo branch, and Weber, who served as a private banker and associate, join forces to create an impactful wealth management duo.
  • Chris Mone, EVP and Head of Wealth Management, shared, "Bringing Patricia and Nobue on board is a tactical move for Wedbush.

U.S. Bancorp Reports Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, January 17, 2024
Banking, Other Professional Services, Professional Services, Finance, Senior, Telephone, Webcast, Central Time, U.S. Bancorp, Bank holding company

U.S. Bancorp reported its fourth quarter 2023 results today.

Key Points: 
  • U.S. Bancorp reported its fourth quarter 2023 results today.
  • The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information .
  • At 7 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results.
  • To access the webcast and presentation, visit U.S. Bancorp’s website at usbank.com and click on “

Kroger Innovates to Make Customers' Favorite Our Brands Products Even Better

Retrieved on: 
Monday, January 22, 2024
Private, Croissant, Mastercard, Boost, Vanilla, Spice, Family, Cheese, Home Chef, U.S. Bancorp, Baking

CINCINNATI, Jan. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared it is reformulating beloved deli and bakery items making customer favorites even better, including products such as Home Chef fried chicken and Private Selection cinnamon rolls and crumb cake.

Key Points: 
  • We know how important these products are to our customers and we are committed to constantly improving to ensure these deli and bakery favorites are the best they can be."
  • Private Selection Signature Buttercream Cakes : Now with new real buttercream, these double layer cakes offer superior quality making for a decadent dessert.
  • Customers can shop these fresh items in the deli and bakery section of Kroger Family of Stores.
  • To learn more and redeem this Kroger Rewards World Elite Mastercard® cardmember offer visit here .

Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

Retrieved on: 
Friday, January 12, 2024
Fifth Avenue, Debt-to-GDP ratio, KRG, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Goldman Sachs, Citigroup, Wells Fargo, ATTN:, Telephone, TD Securities, Security (finance), Note

INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.

Key Points: 
  • INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.
  • The Notes will be issued at 98.670% of par value with a yield to maturity of 5.673%.
  • Interest on the Notes is payable semi-annually on March 1 and September 1 of each year, beginning on September 1, 2024.
  • Regions Securities LLC, TD Securities and US Bancorp served as senior co-managers for the offering.

Kilroy Realty, L.P. Prices $400 Million of 6.250% Senior Notes Due 2036

Retrieved on: 
Tuesday, January 9, 2024
Residential Building & Real Estate, Construction & Property, REIT, Fifth Avenue, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Vesey Street, J.P. Morgan & Co., Wells Fargo, ATTN:, J. P. Morgan, Telephone, KRC, Barclays, Security (finance), BMO Capital Markets, Note

Kilroy Realty Corporation (NYSE: KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 6.250% senior notes due 2036 (the “Notes”).

Key Points: 
  • Kilroy Realty Corporation (NYSE: KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 6.250% senior notes due 2036 (the “Notes”).
  • The Notes are being offered at a price equal to 98.879% of the principal amount, plus accrued interest, if any, with a yield to maturity of 6.385%.
  • Net proceeds from the offering are expected to be approximately $392 million, after deducting the underwriting discount and the Company’s estimated expenses.
  • The Notes are being offered pursuant to an effective shelf registration statement filed by Kilroy Realty Corporation and Kilroy Realty, L.P. with the Securities and Exchange Commission (“SEC”).

MidFirst Bank Extends Western Expansion with Entrance into Nevada Market

Retrieved on: 
Monday, January 8, 2024
Banking, Professional Services, Finance, Commercial, Latin, MidFirst Bank, Commerce, Treasury, SBA, Discovery, U.S. Bancorp, Senior, Management

MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.

Key Points: 
  • MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.
  • This expansion extends MidFirst’s growth in the western United States, building upon the Bank’s recently announced entrance into the new Southern California markets of Santa Barbara, San Diego and South Bay.
  • “We are pleased to continue executing MidFirst’s growth strategy with our entrance into the Southern Nevada market,” said Jeff Records, Chairman and CEO of MidFirst Bank.
  • Michael brings with him a team of experienced banking professionals from Bank of Nevada to serve the Southern Nevada Market, which includes Senior Vice President Joyce Smith and Senior Vice President Jeff Miracle.

Sun Communities, Inc. Prices $500 Million of Senior Notes

Retrieved on: 
Thursday, January 4, 2024
Telephone, U.S. Bancorp, Partnership, Sun Communities, Goldman Sachs, Trust, Sale, Note, BMO Capital Markets, Attention, TEL, RBC Capital Markets, BofA Securities, Scotiabank, Wells Fargo, J. P. Morgan, Citigroup, SUI, Prospectus, Madison Avenue, Broadridge Financial Solutions, Wedbush Securities, Security (finance)

The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%.

Key Points: 
  • The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%.
  • The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company.
  • The offering is expected to close on or about January 11, 2024, subject to customary closing conditions.
  • The Notes will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

Pebblebrook Hotel Trust Extends 2024 Term Debt to 2028 and Reduces Total Debt

Retrieved on: 
Thursday, January 4, 2024
Construction & Property, Lodging, REIT, Travel, Wells Fargo, Regions Financial Corporation, Toronto-Dominion Bank, Capital One, National Association, U.S. Bancorp, Sumitomo Mitsui Banking Corporation, Senior, Security (finance)

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) today announced the successful extension of approximately $357 million of its $460 million October 2024 maturity term loan to 2028.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the “Company” or “Pebblebrook”) today announced the successful extension of approximately $357 million of its $460 million October 2024 maturity term loan to 2028.
  • As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025.
  • “We appreciate and value our bank group’s continued strong support for our company with this debt refinancing,” said Raymond D. Martz, Co-President and Chief Financial Officer for Pebblebrook Hotel Trust.
  • Following these debt activities, Pebblebrook has approximately $2.2 billion of outstanding debt and convertible notes at a weighted average interest rate of 4.6%.

U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details

Retrieved on: 
Wednesday, January 3, 2024
Banking, Other Professional Services, Professional Services, Finance, Telephone, Bank holding company, USB, U.S. Bancorp, Senior

U.S. Bancorp (NYSE: USB) will release its fourth quarter 2023 earnings results before the market opens on Wednesday, January 17, 2024.

Key Points: 
  • U.S. Bancorp (NYSE: USB) will release its fourth quarter 2023 earnings results before the market opens on Wednesday, January 17, 2024.
  • At 7 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results.
  • The live conference call will be available online or by telephone.

DISH Network Convertible Notes Become Convertible Into Shares of EchoStar Corporation

Retrieved on: 
Tuesday, January 2, 2024
Market, Dish Network, U.S. Bancorp, National Association, EchoStar, Security (finance)

ENGLEWOOD, Colo., Jan. 2, 2024 /PRNewswire/ -- DISH Network Corporation ("DISH") today announced that, in connection with the closing of the merger between DISH and EchoStar Corporation ("EchoStar") on December 31, 2023, as a result of which DISH survived the merger as a wholly owned subsidiary of EchoStar, DISH's 2.375% Convertible Notes due 2024 (the "2024 Notes"), 0% Convertible Notes due 2025 (the "2025 Notes") and 3.375% Convertible Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes and 2025 Notes, the "Notes") have become convertible into shares of EchoStar Class A common stock, par value $0.001 per share ("EchoStar Common Stock").

Key Points: 
  • ENGLEWOOD, Colo., Jan. 2, 2024 /PRNewswire/ -- DISH Network Corporation ("DISH") today announced that, in connection with the closing of the merger between DISH and EchoStar Corporation ("EchoStar") on December 31, 2023, as a result of which DISH survived the merger as a wholly owned subsidiary of EchoStar, DISH's 2.375% Convertible Notes due 2024 (the "2024 Notes"), 0% Convertible Notes due 2025 (the "2025 Notes") and 3.375% Convertible Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes and 2025 Notes, the "Notes") have become convertible into shares of EchoStar Class A common stock, par value $0.001 per share ("EchoStar Common Stock").
  • The Notes were previously convertible into shares of DISH Class A common stock, par value $0.01 per share ("DISH Common Stock").
  • Upon the closing of the merger, each then-outstanding share of DISH Common Stock was converted into the right to receive 0.350877 shares of EchoStar Common Stock, resulting in an adjusted Conversion Rate of 4.2677 for the 2024 Notes, 8.5657 for the 2025 Notes and 5.3835 for the 2026 Notes.
  • In addition, pursuant to the terms of the indenture governing the 2024 Notes, holders of the 2024 Notes currently have the right to surrender all or any portion of their Notes (that is $1,000 in principal amount or an integral multiple thereof) for conversion at any time prior to the close of business on the second Scheduled Trading Day (as defined in the indenture governing the 2024 Notes) immediately preceding March 15, 2024 (the maturity date of the 2024 Notes).