PNC

Greystone Real Estate Capital Adds Key Hires to LIHTC Platform

Retrieved on: 
Monday, March 18, 2024
Real estate, Providence College, Boston University, Negotiation, Investment management, University, WNC, Growth, Veteran, Team leader, Assistant, PNC Financial Services, Methodist University, Capital One, Business, Business administration, Chartered, CRA, Capital, PNC, Senior, Credit, Investment, Housing, Disability, Marketing, FINRA, QAP, Boston, Salve Regina University, Security (finance)

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform, Greystone Real Estate Capital, has added four senior members to its team.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform, Greystone Real Estate Capital, has added four senior members to its team.
  • “It’s gratifying to grow a team of committed professionals who have such deep experience in affordable housing equity and finance, and we are energized to make an impact on the sector as we develop Greystone’s LIHTC syndication platform,” said Mr. Greg Voyentzie, head of Greystone Real Estate Capital.
  • Mr. Egidi, with over 15 years of affordable housing industry experience, is responsible for asset selection, fund placement, structuring, marketing, and management of institutional investor relationships for Greystone Real Estate Capital.
  • Mr. Gordon, bringing over 12 years of affordable housing experience, provides Credit & Underwriting direction and guidance for all of Greystone Real Estate Capital’s investments.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, March 18, 2024
Bank of America, American Express, Citigroup, J. P. Morgan, Financial system, Bank, JPMorgan Chase, BNY Mellon, PNC, Morgan Stanley, Goldman Sachs, SunTrust Banks, Wells Fargo, Regions Financial Corporation, State Street Corporation, Fifth Third Bank

TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05292 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable April 10, 2024 to shareholders on record as at March 28, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

US Financial 15 Split Corp. Extends Termination Date

Retrieved on: 
Tuesday, March 12, 2024
Bank of America, American Express, Citigroup, J. P. Morgan, Financial system, Bank, JPMorgan Chase, BNY Mellon, PNC, Prospectus, Morgan Stanley, Goldman Sachs, Truist Financial, Wells Fargo, Regions Financial Corporation, State Street Corporation, Fifth Third Bank, Security (finance)

TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further six year period from December 1, 2024 to December 1, 2030.

Key Points: 
  • TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further six year period from December 1, 2024 to December 1, 2030.
  • In connection with the extension, the Company will have the right to amend the dividend entitlement of the FTU.PR.B Preferred Shares (“Preferred Shares”) effective December 1, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., Truist Financial Corp., U.S. Bancorp, and Wells Fargo & Co.
  • Please read the Company’s publically filed documents which are available at www.sedar.com .

Candidly Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
Software, Banking, Internet, Professional Services, Fintech, Technology, Other Education, Continuing, Artificial Intelligence, University, Education, Finance, Lincoln National Corporation, Culture, Organization, Baby boomers, UBS, Vanguard, Policy, PNC, Insurance, Hub International, Retirement, SAVE

Candidly, the leading AI-driven student debt and savings optimization platform, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.

Key Points: 
  • Candidly, the leading AI-driven student debt and savings optimization platform, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.
  • To date, Candidly has generated $1.2B of projected student debt impact for the workers it serves.
  • This year’s list of Most Innovative Companies shines a spotlight on businesses that are shaping industry and culture through their innovations.
  • The list of Fast Company’s Most Innovative Companies can be seen here .

PNC Foundation Announces $10.2 Million in Grants to Mark 20th Anniversary of PNC Grow Up Great®

Retrieved on: 
Thursday, April 4, 2024
Sesame Workshop, Culture, Organization, Learning, Environment, Education, Research, Economic development, Seed, PNC, Life, Sesame Street, DonorsChoose, PNC Financial Services, Tourism

PITTSBURGH, April 4, 2024 /PRNewswire/ -- The PNC Foundation today announced it is allocating a $5.2 million grant pool across its markets to implement or enhance high-quality, nature-based outdoor play and learning environments. This grant pool celebrates the 20th anniversary of PNC Grow Up Great®, PNC's $500 million, bilingual, signature philanthropic initiative designed to help prepare children from birth through age 5 for success in school and life.

Key Points: 
  • PITTSBURGH, April 4, 2024 /PRNewswire/ -- The PNC Foundation today announced it is allocating a $5.2 million grant pool across its markets to implement or enhance high-quality, nature-based outdoor play and learning environments.
  • This grant pool celebrates the 20th anniversary of PNC Grow Up Great ®, PNC's $500 million, bilingual, signature philanthropic initiative designed to help prepare children from birth through age 5 for success in school and life.
  • A recent NIEER literature review also suggests that pre-K programs conducted in nature-based settings can promote better learning and development.
  • PNC Grow Up Great's focus on outdoor play and learning for the 20th anniversary extends beyond the grant pool initiative.

Sabre expands its accounts receivable securitization facility to $235 million and increases liquidity

Retrieved on: 
Tuesday, April 2, 2024
Exchangeable, Growth, PNC Financial Services, Sabre Corporation, PNC, Senior, SABR, Debt-to-GDP ratio, FILO, Bank

SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027. The AR Facility now consists of a fully-funded $120 million "first-in, last-out" tranche (the "FILO Facility"), provided by various entities advised by affiliates of Centerbridge Partners, L.P. ("Centerbridge"), and a $115 million revolving tranche provided by the existing lender, PNC Bank N.A. ("PNC"). PNC will continue to act as the administrative agent.

Key Points: 
  • SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027.
  • The transactions described above, including the establishment of the FILO Facility, increased the drawn amount under the AR Facility from approximately $120 million immediately prior to the transactions to approximately $232 million immediately after the transactions.
  • As a result of execution of these transactions and closing of the FILO Facility and amended AR facility, Sabre has reduced its 2025 funded debt maturities by over $300 million and increased its liquidity by over $70 million.
  • Together with the 2023 transactions, Sabre has refinanced approximately $1,832 million, or almost 90%, of the debt that was previously maturing in 2025.

PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE

Retrieved on: 
Thursday, March 28, 2024
Health, Organization, LISC, Growth, Veteran, PNC Financial Services, Education, PNC, Woman, Investment, EQ2, Local Initiatives Support Corporation, Renewable energy

NEW YORK, March 28, 2024 /PRNewswire/ -- PNC Bank has invested $20 million in the Local Initiatives Support Corporation (LISC) to expand the organization's efforts to boost economic opportunity and growth in thousands of rural counties as well as across 38 metro areas in the United States.

Key Points: 
  • PNC Bank's funding includes both a 10-year, $10 million Equity Equivalent (EQ2) investment as well as a more flexible $10 million three-year term loan.
  • "With this 10-year commitment, PNC remains laser-focused on our efforts to strategically deploy low-cost capital into transformative initiatives that advance economic empowerment and prosperity where it's needed the most."
  • PNC Bank and LISC have collaborated on a number of significant investments in recent years spanning retail, health, education, and job training centers, as well as quality affordable housing and services.
  • "With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future," said Michael Pugh, LISC CEO.

GENYOUth AND TASTE OF THE NFL INCREASE ACCESS TO 148 MILLION SCHOOL MEALS, FOSTERING NUTRITION SECURITY AMONG STUDENTS NATIONWIDE

Retrieved on: 
Thursday, March 21, 2024
Yee, Smoke, Wine, School, Verizon Communications, 2025, Doritos, KLAS-TV, NFL, Clark County School District, Partnership, International, PNC, Taste, Dream, Las Vegas Raiders, PepsiCo, Hunger, TCL, Student, Walmart, Football, Legend, Work, Meal, FEED, Frito-Lay, Food security, Farmer, Uncle Nearest Premium Whiskey, PNC Financial Services, Food, Smith, American Family Insurance, Super Bowl LVIII, Marketing, Super Bowl, Las Vegas Review-Journal, Nursing

NEW YORK, March 21, 2024 /PRNewswire/ -- GENYOUth, the national nonprofit organization founded by America's dairy farmers and the NFL to help ensure students are well-nourished and active to be their best selves, announced today that the collective impact of the 2024 Taste of the NFL philanthropic event totaled $2.0 million. These funds, the largest raised by a Taste of the NFL event since its founding in 1992, will benefit 1,000 schools and 550,000 students by increasing access to 148 million school meals to foster nutrition security among students in all 32 NFL club markets. As a result, GENYOUth is inviting school nutrition professionals to apply for Equipment Grants at educator.fuelup.org/opportunities through April 9, 2024. 

Key Points: 
  • These funds, the largest raised by a Taste of the NFL event since its founding in 1992, will benefit 1,000 schools and 550,000 students by increasing access to 148 million school meals to foster nutrition security among students in all 32 NFL club markets.
  • As a result, GENYOUth is inviting school nutrition professionals to apply for Equipment Grants at educator.fuelup.org/opportunities through April 9, 2024.
  • "School meals are a critical lifeline for millions of students, and for many the only source of good nutrition they may receive on some days.
  • "We are grateful for the support of our Taste of the NFL sponsors, the NFL and our End Student Hunger partners.

PNC Names Michael Thomas Head of Corporate & Institutional Banking

Retrieved on: 
Wednesday, March 13, 2024
Real estate, BBVA, Strategic management, PNC Financial Services, Research, History, PNC, BBVA USA, Housing, Investment, Treasury, JPMorgan Chase, National Association, Yale University, Corporation

PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately.

Key Points: 
  • PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately.
  • Based in Pittsburgh, Thomas will report to Michael P. Lyons, president.
  • Thomas succeeds Lyons in the role, after Lyons was appointed president Feb. 20, 2024.
  • During his 27-year career at PNC, Thomas has held progressive leadership roles in Debt Capital Markets and Real Estate Banking.

Operation Homefront Announces 2024 Military Child of the Year® Award Recipients

Retrieved on: 
Wednesday, March 13, 2024
Online, Impossible Foods, Carnival Cruise Line, National Guard, Johns Hopkins, Caesars Entertainment, SAN, School, University, Coast guard, PNC, Air force, Operation Homefront, RTX, Procter & Gamble, Parent, Space force, Navy, Army, Nursing

SAN ANTONIO, March 13, 2024 /PRNewswire-PRWeb/ -- Seven exceptional military children excelling in academics, community involvement, and peer leadership have a new award to add to their list: Operation Homefront Military Child of the Year®. The national nonprofit, whose mission is to build strong, stable, and secure military families, announced recipients of its 2024 premier award, following a nationwide search to identify and celebrate outstanding military children, which garnered more than 700 nominations.

Key Points: 
  • Now in its 16th year, the Military Child of the Year® Award celebrates the remarkable influence these extraordinary young individuals have on their families, schools, and communities.
  • SAN ANTONIO, March 13, 2024 /PRNewswire-PRWeb/ -- Seven exceptional military children excelling in academics, community involvement, and peer leadership have a new award to add to their list: Operation Homefront Military Child of the Year®.
  • The national nonprofit, whose mission is to build strong, stable, and secure military families, announced recipients of its 2024 premier award, following a nationwide search to identify and celebrate outstanding military children, which garnered more than 700 nominations.
  • This year's Military Child of the Year® Award recipients have moved a combined 37 times and lived through 247 months of deployments.