Moody's Investors Service

Pattern Energy Contributes to Clean Energy Transition

Monday, September 20, 2021 - 1:00pm

I am proud of Pattern's role in this transition but there is still more to do," said Mike Garland, CEO of Pattern Energy.

Key Points: 
  • I am proud of Pattern's role in this transition but there is still more to do," said Mike Garland, CEO of Pattern Energy.
  • "We are committed to supporting an energy transition for all, and now is the time for action by companies and governments.
  • Pattern Energy is one of the world's largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects.
  • Pattern Energy is guided by a long-term commitment to serve customers, protect the environment, and strengthen communities.

Granite REIT Declares Distribution for September 2021

Friday, September 17, 2021 - 10:02pm

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of September 2021.

Key Points: 
  • Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD $0.250 per stapled unit for the month of September 2021.
  • The distribution will be paid by Granite on October 15, 2021 to stapled unitholders of record at the close of trading on Thursday, September 30, 2021.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe.

Allego to Begin Installation of Over 250 Charging Stations Across France

Friday, September 17, 2021 - 11:00am

The project will install over 250 charging stations in France, across 36 Casino Group hypermarket sites located on high-density roads, motorways, and in active shopping areas.

Key Points: 
  • The project will install over 250 charging stations in France, across 36 Casino Group hypermarket sites located on high-density roads, motorways, and in active shopping areas.
  • By the end of 2021, 74 additional charging stations, currently under construction at nine sites, are expected to become operational, including 26 ultra-fast charging stations and 20 fast charging stations.
  • The charging stations are expected to be open 24/7 and will provide a variety of charging speeds with different equipment to cater to each customers needs, including accelerated charging, fast charging, and ultra-fast charging.
  • This partnership is part of the overall goal of Meridiam and its subsidiary Allego to install over 2,000 charging stations across France by 2023.

Planet Home Lending, LLC, Hires Andrew Watson as Senior Vice President, Contact Center

Tuesday, September 14, 2021 - 1:31pm

MERIDEN, Conn., Sept. 14, 2021 /PRNewswire/ -- Planet Home Lending , LLC, a national lender and servicer, has hired Andrew Watson as Senior Vice President, Contact Center.

Key Points: 
  • MERIDEN, Conn., Sept. 14, 2021 /PRNewswire/ -- Planet Home Lending , LLC, a national lender and servicer, has hired Andrew Watson as Senior Vice President, Contact Center.
  • Watson's first task will be to finalize the staffing and build-out of the servicing center Planet Home Lending opened last year in Irving, Texas.
  • Watson said he joined Planet for three reasons: "First, Planet has a good reputation as a company and servicer.
  • Before joining Planet Home Lending, Watson was Vice President of Call Center Operations at Rushmore Loan Management Services, LLC.

DSM announces food system commitments to set a healthier future for people, planet and livelihoods

Tuesday, September 14, 2021 - 6:01am

DSM is one of the first companies in the consumer ingredient sector tomake its societal impact explicit through a set of measurable food system commitments.

Key Points: 
  • DSM is one of the first companies in the consumer ingredient sector tomake its societal impact explicit through a set of measurable food system commitments.
  • DSM's new strategic food system commitments by 2030 are:
    Reach 150 million people with nutritious, sustainable plant-based protein foods
    These commitments support the UN Sustainable Development Goals 2, 3, 12 and 13.
  • Food povertyis also endemic in many of the world's richest countries, as shown by the growing use of food banks.
  • DSM does this together with its cross-sector partners such as the World Food Programme, UNICEF , World Vision and Scaling Up Nutrition .

Legend Capital Led a New Round of Investment of Etana

Tuesday, September 14, 2021 - 12:42am

HONG KONG, Sept 14, 2021 - (ACN Newswire) - Legend Capital led a new round of investment of PT Etana Biotechnologies Indonesia (Etana), along with Innovent Biologics, Inc. (Innovent) (HKEX: 01801), and a consortium led by UOB Venture Management (UOBVM).

Key Points: 
  • HONG KONG, Sept 14, 2021 - (ACN Newswire) - Legend Capital led a new round of investment of PT Etana Biotechnologies Indonesia (Etana), along with Innovent Biologics, Inc. (Innovent) (HKEX: 01801), and a consortium led by UOB Venture Management (UOBVM).
  • Hong Tan, Managing Director of Legend Capital, said "We appreciate Etana's vision to provide Indonesia with cost-effective biopharmaceuticals.
  • Legend Capital is an independent professional venture capital company under Legend Holdings.
  • Its core business is positioned at the initial stage of venture capital and expansion stage growth investment.

Tinkoff Bank mandated banks to arrange Additional Tier 1 perpetual LPN offering

Wednesday, September 8, 2021 - 4:09pm

A Reg S/144A US$-denominated benchmark subordinated Basel III based Additional Tier 1 perpetual non-call 5.25-year Loan Participation Notes offering with expected ratings of B- by Fitch and B3 by Moody's will follow, subject to market conditions.

Key Points: 
  • A Reg S/144A US$-denominated benchmark subordinated Basel III based Additional Tier 1 perpetual non-call 5.25-year Loan Participation Notes offering with expected ratings of B- by Fitch and B3 by Moody's will follow, subject to market conditions.
  • Manufacturer target market (EEA MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels).
  • No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.
  • Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing.

V.E, Part of Moody’s ESG Solutions, Provides Second Party Opinion on the European Commission’s NextGenerationEU Green Bond Framework

Tuesday, September 7, 2021 - 2:34pm

Moodys ESG Solutions announced today that V.E has provided a Second Party Opinion (SPO) on the European Commissions NextGenerationEU (NGEU) Green Bond Framework.

Key Points: 
  • Moodys ESG Solutions announced today that V.E has provided a Second Party Opinion (SPO) on the European Commissions NextGenerationEU (NGEU) Green Bond Framework.
  • The framework aims to fund green investments for the Recovery and Resilience Facility, the centrepiece of the NGEU pandemic recovery plan.
  • Green bonds issued via the European Commissions framework are expected to provide a Robust contribution to sustainability, the second-highest level on our four-point scale, said Patrick Mispagel, Managing Director Sustainable Finance at Moodys ESG Solutions.
  • Moodys ESG Solutions Group is a business unit of Moodys Corporation serving the growing global demand for ESG and climate insights.

DGAP-News: Armacell H1 2021 Results

Monday, September 6, 2021 - 6:01pm

- Adjusted EBITDA of EUR 59.8 million; adjusted EBITDA margin at 17.7%

Key Points: 
  • - Adjusted EBITDA of EUR 59.8 million; adjusted EBITDA margin at 17.7%
    Luxembourg, 6 September 2021 - Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, announced its H1 2021 results on 12 August 2021.
  • In the first six months of 2021, Armacell achieved record net sales of EUR 338.6 million (H1 2020: EUR 288.4 million), thus surpassing the previous peak in the first half of 2019 (EUR 321.8 million).
  • In the first half of 2021, adjusted EBITDA rose to EUR 59.8 million, after EUR 52.5 million in H1 2020, as higher sales volumes compensated for increased raw material costs.
  • "Armacell had a good start into 2021," says Patrick Mathieu, President & CEO of the Armacell Group.

Revenue Grid Raises $20 Million Series A Round to Revolutionize Revenue Intelligence

Thursday, September 2, 2021 - 12:00pm

MOUNTAIN VIEW, Calif., Sept. 2, 2021 /PRNewswire/ -- Revenue Grid ( www.revenuegrid.com ) , the Revenue Operations and Intelligence platform, announced today it has closed $20 million in Series A funding to transform the B2B sales process through AI-based revenue insights and Guided Selling strategies.

Key Points: 
  • MOUNTAIN VIEW, Calif., Sept. 2, 2021 /PRNewswire/ -- Revenue Grid ( www.revenuegrid.com ) , the Revenue Operations and Intelligence platform, announced today it has closed $20 million in Series A funding to transform the B2B sales process through AI-based revenue insights and Guided Selling strategies.
  • Founded as Invisible.io and re-branded as Revenue Grid in 2020, the company was the first to offer AI-based revenue signals designed to provide sales and revenue operations teams with intelligent selling capabilities.
  • The Revenue Grid platform allows sales teams to see what they couldn't see before and immediately act on outreach, opportunity risks, and engagement.
  • Revenue Grid is the first-to-market Revenue Operations platform that covers the full revenue cycle with the most comprehensive set of algorithmic Guided Selling capabilities.