Rabobank

First Northern Bank Hires Seasoned Banker as Chief Credit Officer

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Finance, California State University, First Northern Bank, Senior, Multimedia, Bank, Risk management, Growth, OTCQX, Rabobank, Small business, Management

First Northern Bank (OTCQX: FNRN), the region’s #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer.

Key Points: 
  • First Northern Bank (OTCQX: FNRN), the region’s #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer.
  • Retiring Chief Credit Officer, Joe Danelson, will serve as Executive Vice President until April 5, 2024, to ensure a smooth transition and continuity of operations.
  • View the full release here: https://www.businesswire.com/news/home/20240403796876/en/
    Brett Hamilton, Executive Vice President and Chief Credit Officer (Photo: Business Wire)
    With more than 25 years of experience in the banking industry, Hamilton brings a vast background and expertise in credit risk strategies, portfolio management, and regulatory relations.
  • As the Chief Credit Officer, he will oversee the quality and diversity of the credit portfolio, and have responsibility for ensuring compliance with regulatory requirements, and optimizing risk management practices at the Bank.

Primergy Secures $588M in Project Financing and Power Purchase Agreement with Microsoft for 408 MW Solar Project in Texas

Retrieved on: 
Monday, March 11, 2024
Green Technology, Environment, Other Science, Other Technology, Sustainability, Urban Planning, Finance, Other Construction & Property, Professional Services, Science, Other Natural Resources, Technology, Commercial Building & Real Estate, Other Energy, Construction & Property, Utilities, Alternative Energy, Natural Resources, Energy, Slate, Microsoft, Commerzbank, Organization, MUFG Bank, Solar energy, Norddeutsche Landesbank, Partnership, SMBC, BNP Paribas, Rabobank, Investment banking, Safety, KeyBank, Latham & Watkins, MUFG, PPA, Engineering, Renewable energy

Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

Key Points: 
  • Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.
  • The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.
  • Once completed, the project is expected to generate enough carbon-free energy to power the equivalent of approximately 90,000 homes per year.
  • The Ash Creek Solar project debt financing includes a construction loan, tax credit transfer bridge loan, and related letters of credit.

Bruynzeel secures its largest contract to equip The National Archives of Sweden

Retrieved on: 
Wednesday, March 20, 2024
Municipality, Tax, KPMG, Organization, Growth, Swedish Tax Agency, Museum, Carbon, Library, History, Acquisition, Credit Suisse, National archives, CO2, Rabobank, Royal British Columbia Museum, BBC, Collection, Archive

PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.

Key Points: 
  • PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.
  • The new building will not only give the National Archives more space, but it will also contribute to greater sustainability, with Bruynzeel's solution.
  • The National Archives of Sweden originated in 1618 and keeps crucial records of the regional and national government, the legal system and the education system.
  • Alexander Collot d'Escury, CEO of Bruynzeel Storage Systems, said: "We are extremely proud that the management of the National Archives of Sweden has chosen Bruynzeel for the storage of its important documents.

Bruynzeel secures its largest contract to equip The National Archives of Sweden

Retrieved on: 
Wednesday, March 20, 2024
Municipality, Tax, KPMG, Organization, Growth, Swedish Tax Agency, Museum, Carbon, Library, History, Acquisition, Credit Suisse, National archives, CO2, Rabobank, Royal British Columbia Museum, BBC, Collection, Archive

PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.

Key Points: 
  • PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.
  • The new building will not only give the National Archives more space, but it will also contribute to greater sustainability, with Bruynzeel's solution.
  • The National Archives of Sweden originated in 1618 and keeps crucial records of the regional and national government, the legal system and the education system.
  • Alexander Collot d'Escury, CEO of Bruynzeel Storage Systems, said: "We are extremely proud that the management of the National Archives of Sweden has chosen Bruynzeel for the storage of its important documents.

Business as usual: bank climate commitments, lending, and engagement

Retrieved on: 
Tuesday, April 2, 2024
Smoke, Carbon, Pillar, Worldwide, BPER, Employment, Disclosure, Economic methodology, LEI, Research Papers in Economics, CGD, Ibercaja Banco, Fossil, Mediobanca, Policy, UNEP, Crédit Mutuel, BBVA, Columbia Business School, Pari, Corporate finance, NBER, Principle, Agriculture, Société Générale, Insurance, Allied Irish Banks, Medical classification, Aluminium, Becker, Feedback, Central bank, Triodos Bank, Target, Prosocial behavior, Journal of Financial Economics, European Parliament, MIT, R2, Website, Behavior, Poisson, Human, UN, Climate, Crédit Agricole, United Nations, Transport, Coal mining, Syndicated loan, Investment, ABN AMRO, Politics, BSI, OLS, PDF, ECB, Unemployment, Econometrics, Ambition, Clutch (eggs), IEA, Social science, Engagement, JEL, Climate change, Risk management, Yb, Bias, Abanca, Research, Classification, UniCredit, A.5, NZIA, Divestment, Literature, IPCC, European Central Bank, AA, Geography, Natural gas, Green lending, Metal, The Borrowers, Elasticity, Stanford Social Innovation Review, Steven M. Greer, BMPS, Finance, Risk, Single, CaixaBank, PPML, BNP Paribas, European, Money, NLB Group, La Banque postale, Corporate welfare, Paris Agreement, A.2, ROW, OECD, Fraud, Coal, Frustration, Iron, Commerzbank, Bank of Åland, COP, Comparison, Overalls, All, Temperature, Banca Ifis, Conference, Pressure, Steel, International Energy Agency, United, Alpha Bank, Interest, SSRN, Justice, AAA, Deutsche Bank, Crawford, Science Based Targets initiative, GFANZ, Quarterly Journal, Rabobank, Hirschman, Effect, Carbon Disclosure Project, ESG, MSCI, Support, NZBA, Sierra Club, Map, Taxonomy, Q50, Banco Sabadell, Financial Times, Banco BPM, BPCE, Reproduction, Erste Group, Data, G21, Interval (mathematics), Cardboard
Key Points: 

    EQS-News: ENCAVIS successfully signed project refinancing agreements for Spanish solar parks Talayuela & La Cabrera of EUR 203 million

    Retrieved on: 
    Wednesday, March 13, 2024
    CFO, Project finance, Letter, AMRO Bank, ABN, ABN AMRO, MDAX, EUR, Deutsch, Rabobank, Electricity, NatWest, Professional, Commercial property

    Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.

    Key Points: 
    • Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.
    • Both refinancing transactions have been structured, arranged, and managed by ENCAVIS' inhouse Project Finance team.
    • While ABN AMRO, Rabobank and Bankinter are financing partners of ENCAVIS for years, NatWest provides project financing to ENCAVIS for the first time.
    • In total, the refinancing includes EUR 181.5 million Term Loan Facilities (hedged by interest rate swaps), as well as EUR 13 million Letter of Credit Facilities and EUR 8.5 million Debt Service Reserve Facilities.

    AGCO Reports Fourth Quarter and Full Year Results

    Retrieved on: 
    Tuesday, February 6, 2024
    Technology, Manufacturing, Agritech, Agriculture, Natural Resources, Machinery, Pandemic, Plant, COVID-19, Security (finance), Growth, Form 10-K, AG, Tax, Marketing, Investment, Rabobank, Privacy, Risk, Acquisition, Farmer, Collectable, Engineering, AGCO, Person

    Net sales in the South American region increased 2.6% for the full year of 2023 compared to 2022, excluding the impact of favorable currency translation, despite significant declines in the fourth quarter.

    Key Points: 
    • Net sales in the South American region increased 2.6% for the full year of 2023 compared to 2022, excluding the impact of favorable currency translation, despite significant declines in the fourth quarter.
    • Despite significant discounting in the fourth quarter, income from operations for the full year of 2023 increased by $12.5 million compared to 2022.
    • Positive pricing and increased sales of mid-range and high-horsepower tractors as well as replacement parts produced most of the growth.
    • The following are among the factors that could cause actual results to differ materially from the results discussed in or implied by the forward-looking statements.

    Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility

    Retrieved on: 
    Friday, December 8, 2023
    Chase Bank, Telephone number (mathematics), Conditional entropy, Wind, Crédit Agricole, JPMorgan Chase, Rabobank, CADLR, OCBC, Common, Standard Chartered, American depositary receipt, Danske Bank, Senior, Security (finance)

    In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.

    Key Points: 
    • In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
    • Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Share Exchange Offer.
    • Assuming that the conditions to the Share Exchange Offer are satisfied or waived, Cadeler expects that settlement will be completed on or about December 19, 2023.
    • The following indicative timetable is subject to Cadeler’s right to extend, re-open, amend, limit, terminate or withdraw the Share Exchange Offer, subject to applicable law.

    TIP Group raising additional liquidity under its Borrowing Base Facilities (BBF) and Asset Backed Securitisation Arrangements (ABS)

    Retrieved on: 
    Wednesday, December 20, 2023
    Professional Services, Transport, Logistics, Supply Chain Management, Finance, ABS, TIP, Piper, Growth, ING Group, I Squared Capital, DLA Piper, ABN AMRO, Strategic planning, ABN, CFO, BBF, Rabobank

    The existing borrowing base financing arrangements (consisting of revolving and term debt) (BBF) were increased by €425 million totalling to €2,298,250,000.

    Key Points: 
    • The existing borrowing base financing arrangements (consisting of revolving and term debt) (BBF) were increased by €425 million totalling to €2,298,250,000.
    • TIP welcomes 8 new lenders and is grateful to its existing lender group for their continued support and additional liquidity.
    • On 01 December 2023, the TIP Group also raised an additional €65 million via its asset backed securitisation arrangement (the ABS) with existing lenders, increasing the total capacity under that program to €265 million.
    • ABN AMRO, ING Bank and Rabobank acted as joint coordinators and active book runners to the TIP Group on the BBF transaction.

    ARM Energy and Rabobank Successfully Upsize Credit Facility to $160 Million

    Retrieved on: 
    Thursday, December 14, 2023
    Oil, Gas, Energy, ARM, Metal, AES, Valley Bank, First Horizon Bank, Growth, Macquarie Group, Transport, Rabobank, Bank

    ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.

    Key Points: 
    • ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
    • The increased credit facility will provide additional liquidity for working capital and corporate purposes.
    • Zach Lee, chief executive officer, ARM Energy Holdings, LLC stated, “This increased credit capacity positions ARM Energy strongly to meet the needs of our growing end-user customer segments.
    • The energy commodity fundamentals are increasingly driven by global factors, presenting both challenges and opportunities for customer segments.