MUFG Bank

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

MUFG Bank, Ltd. Announces MUFG to Introduce Share-Based Compensation Plan for Employees

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Human Resources, Finance, ESOP, Settlor, Culture, MUFG Bank, Job satisfaction, Plan, Growth, Mitsubishi Group, ROE, Acquisition, Beneficiary, Trust, Treasury, Eligibility, Trustee, Multimedia, Life insurance

(1) The Plan adopts a scheme called an employee stock ownership plan (the “ESOP Trust”).

Key Points: 
  • (1) The Plan adopts a scheme called an employee stock ownership plan (the “ESOP Trust”).
  • Each Covered Company shall establish share-based compensation plan rules regarding the Plan.
  • Dividends on MUFG’s shares in the ESOP Trust shall be distributed in the same manner as dividends on other MUFG shares.
  • The voting rights of the MUFG shares in the ESOP Trust shall not be exercised throughout the trust period.

SAIC Announces Fourth Quarter and Full Fiscal Year 2024 Results

Retrieved on: 
Monday, March 18, 2024
Other Manufacturing, Technology, Other Defense, Contracts, Engineering, Other Technology, Aerospace, Manufacturing, Defense, Artificial Intelligence, MUFG Bank, LTD, Exercise, Sale, Naval Surface Warfare Center, Spacecraft, WR, SAIC, Space Systems Command, Navy, FSA, United States Space Force, Certification, Vandenberg Space Force Base, Big Idea, Public expenditure, Submarine, Digital transformation, MK 48, Supply chain, Intelligence, SSP, Organization, MARPA, Acceleration, Patrick Space Force Base, Acquisition, Supply, NSWC, Torpedo, Army Reserve Command, USARC, HWIL, Life, Hardware, Video game

Fiscal year 2024 consisted of 52 weeks, while fiscal year 2023 consisted of 53 weeks with the extra week occurring in the fourth quarter.

Key Points: 
  • Fiscal year 2024 consisted of 52 weeks, while fiscal year 2023 consisted of 53 weeks with the extra week occurring in the fourth quarter.
  • Diluted earnings per share for the quarter was $0.74 compared to $1.34 in the prior year quarter.
  • Adjusted diluted earnings per share(1) was $1.43 for the quarter compared to $2.04 in the prior year quarter.
  • The weighted-average diluted shares outstanding during the quarter decreased to 52.7 million shares from 55.3 million during the prior year quarter.

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.

MUFG Bank, Ltd. announces Risk-Adjusted Capital Ratio Based on the Basel 3 Standards for the Third Quarter Ended December 31, 2023

Retrieved on: 
Wednesday, February 14, 2024
Banking, Professional Services, Finance, MUFG Bank, Financial Services Agency, Mitsubishi Group

Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.

Key Points: 
  • Risk-adjusted capital ratio of Mitsubishi UFJ Financial Group, Inc. is computed in accordance with the Notification of the Financial Services Agency No.20, 2006.
  • Risk-adjusted capital ratio of MUFG Bank, Ltd. and Mitsubishi UFJ Trust and Banking Corporation are computed in accordance with the Notification of the Financial Services Agency No.19, 2006.

MUFG Bank, Ltd. announces Consolidated Summary Report [under Japanese GAAP] for the nine months ended December 31, 2023

Retrieved on: 
Monday, February 5, 2024
Banking, Professional Services, Finance, MUFG, Mitsubishi UFJ Financial Group, MUFG Bank, Mitsubishi Group, Magazine, Consolidated, GAAP, Annual report, Cryptocurrency

(C) Average outstanding of total stocks:

Key Points: 
  • (C) Average outstanding of total stocks:
    Nine months ended December 31, 2023
    Nine months ended December 31, 2022
    * This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s quarterly review procedure.
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”).
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the nine months ended December 31, 2023.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

Vesper Energy Closes $590 Million in Financing for its Hornet Solar Project

Retrieved on: 
Wednesday, January 31, 2024
Partnership, PTC, MUFG, Growth, Head, Capital, Associated Banc-Corp, Bayerische Landesbank, Inflation, Letter, MUFG Bank, Investment, Renewable energy

DALLAS, Jan. 31, 2024 /PRNewswire/ -- Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, today announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in ERCOT. The successful close showcases Vesper Energy's financial strength, continued growth, and momentum entering 2024. This is another step in Vesper Energy's mission to develop, construct, and operate clean energy projects across the United States.  

Key Points: 
  • Texas site is one of nation's largest single-phase solar projects, will monetize more than $500 million of
    DALLAS, Jan. 31, 2024 /PRNewswire/ -- Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, today announced the closing of financing for its Hornet Solar project.
  • "Closing project financing and a long-term purchase agreement for the PTCs on a large project in west Texas is complex," said Vesper Energy's Chief Financial Officer Robert Scheuermann.
  • Vesper secured a $590 million debt financing package for the Hornet Solar project, consisting of a construction-to-term loan and letter of credit facility.
  • "Financing critically important energy transition projects such as Hornet Solar reflects Nord/LB's commitment to supporting Vesper Energy in the growing and maturing renewable energy sector," said Nicolai Dillow, Managing Director / Head of Originations at Nord/LB.

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion, Enhancing Its Position as the North American Leader in Turnkey Space Solutions

Retrieved on: 
Monday, January 29, 2024
JPMorgan Chase, Deutsche Bank, FLEX, MUFG Bank, Transaction, ABL, Adjustment, Bank, History, Bank of Montreal, BofA Securities, Economics, Cold storage, Rothschild & Co, Goldman Sachs, Morrison & Foerster, Conference, Acquisition, Wells Fargo, Bank of America, Webcast, Chase Bank, IRC, Combined, Growth

The acquisition will enhance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.

Key Points: 
  • The acquisition will enhance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.
  • This complements WillScot Mobile Mini’s broad North American footprint and 80-year history as an innovative space solutions provider.
  • “I’m excited to welcome the McGrath team to the WillScot Mobile Mini family,” said Brad Soultz, Chief Executive Officer of WillScot Mobile Mini.
  • BofA Securities served as financial advisor, Rothschild & Co served as financing advisor and Allen & Overy LLP acted as legal counsel to WillScot Mobile Mini.

NextDecade Announces $50 Million Senior Secured Revolving Credit Facility and $12.5 Million Interest Term Loan

Retrieved on: 
Thursday, January 4, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, FID, FEED, EPC, Credit, LNG, Line of credit, MUFG Bank, Bank

NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).

Key Points: 
  • NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).
  • Borrowings under the Revolving Credit Facility may be utilized for general corporate purposes, including development costs related to Train 4 at the Rio Grande LNG facility.
  • Borrowings under the Interest Term Loan may be utilized to pay interest expense, fees, and other expenses related to the Revolving Credit Facility.
  • Borrowings under the Revolving Credit Facility and Interest Term Loan will bear interest at SOFR or the base rate plus an applicable margin as defined in the credit agreement.

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.