PNC

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Wednesday, December 20, 2023
SunTrust Banks, Financial system, Bank, JPMorgan Chase, Goldman Sachs, PNC, Bank of America, Wells Fargo, J. P. Morgan, State Street Corporation, Regions Financial Corporation, Citigroup, BNY Mellon, American Express, Fifth Third Bank, Morgan Stanley

TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04858 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04858 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable January 10, 2024 to shareholders on record as at December 29, 2023.
  • 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.

LEAP, PNC Foundation Celebrate Completion of Second Black-Business Accelerator Program - Elevate

Retrieved on: 
Tuesday, December 5, 2023
Elevate, Family, Friends, PNC, Growth, LEAP, Management

Lansing, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- In November 2023, the Lansing Economic Area Partnership (LEAP) came together with the community, funders, family, and friends to celebrate the completion of the second Elevate Black business accelerator program.

Key Points: 
  • Lansing, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- In November 2023, the Lansing Economic Area Partnership (LEAP) came together with the community, funders, family, and friends to celebrate the completion of the second Elevate Black business accelerator program.
  • Reflecting on the second cohort, Tony Willis, chief equity development officer at LEAP expressed, "The remarkable growth and dedication shown by this cohort has been truly inspiring.
  • This is only the beginning.”
    The entrepreneurs who made up the second cohort were:
    The Elevate program ran April to October of 2023, and the second cohort of entrepreneurs was pivotal in continuing to shape and enhance the program for the entrepreneurs to come.
  • For more information on the members of the second cohort and the program, visit LEAP’s website at www.purelasing.com/elevate .

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, November 20, 2023
SunTrust Banks, Financial system, Bank, JPMorgan Chase, Goldman Sachs, PNC, Bank of America, Wells Fargo, J. P. Morgan, State Street Corporation, Regions Financial Corporation, Citigroup, BNY Mellon, American Express, Fifth Third Bank, Morgan Stanley

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04450 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04450 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable December 8, 2023 to shareholders on record as at November 30, 2023.
  • 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.

J.C. Flowers Completes $125-Million Equity Investment in Capital Funding Bancorp, Inc.

Retrieved on: 
Wednesday, December 20, 2023
Oliver Cromwell, Partnership, Bank, HUD, PNC, FIG, Sullivan & Cromwell, Flower, CFG, Growth, J.C. Flowers & Co., National bank, National Bank of Canada, Creativity

NEW YORK, Dec. 20, 2023 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has closed its investment with Capital Funding Bancorp, Inc. ("CFG" or "the Company"), the holding company for CFG Bank, a top-performing Baltimore-based bank that provides financing and banking solutions to the national healthcare and multifamily industries. J.C. Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company. In conjunction with the closing, Louis Vachon and Tom Harding of J.C. Flowers will join the board of directors of the Company and CFG Bank.

Key Points: 
  • J.C.
  • Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company.
  • Flowers will join the board of directors of the Company and CFG Bank.
  • Flowers.

San Juan Basin Royalty Trust Declares Cash Distribution for December 2023

Retrieved on: 
Monday, December 18, 2023
Professional Services, Mining, Minerals, Oil, Gas, Natural Resources, Energy, Finance, Banking, SJT, Subject, NYSE, Security (finance), PNC Financial Services, Public expenditure, National Association, PNC, Trust, Trustee, British thermal unit, News

The distribution is payable January 16, 2024, to the Unit Holders of record as of December 29, 2023.

Key Points: 
  • The distribution is payable January 16, 2024, to the Unit Holders of record as of December 29, 2023.
  • For the production month of October 2023, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $869,465 gross ($652,099 net royalty amount to the Trust).
  • Based upon information provided to the Trust by Hilcorp, gas volumes for the subject interests for October 2023 totaled 1,997,743 Mcf (2,219,715 MMBtu), as compared to 1,905,945 Mcf (2,117,717 MMBtu) for September 2023.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

Motorcar Parts of America Extends Credit Facility Maturity With PNC Bank

Retrieved on: 
Wednesday, December 13, 2023
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, PNC, MPAA, PNC Financial Services, Part, Security (finance)

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A.

Key Points: 
  • Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A.
  • to December 2028, with enhancements that provide working capital flexibility, liquidity, and other favorable terms -- including opportunities to benefit from reduced interest rates.
  • Equally important, this extension reinforces our strong relationship with PNC and the bank lending syndicate,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.
  • Additional details concerning the amended credit facility agreement are available in a related Form 8-K filing.

Small Business Credit Card Customer Satisfaction Surpasses Pre-Pandemic Highs as Financial Outlook Improves, J.D. Power Finds

Retrieved on: 
Thursday, December 7, 2023
Small Business, Professional Services, Finance, Intelligence, Meal, PNC, Credit card, Small business, J.D. Power, Multimedia, Travel, American Express, Online shopping, Retail

Power 2023 U.S. Small Business Credit Card Satisfaction Study,SM released today, that growing sense of confidence among small businesses is helping to drive overall satisfaction with business credit card issuers higher than its peak level in 2019.

Key Points: 
  • Power 2023 U.S. Small Business Credit Card Satisfaction Study,SM released today, that growing sense of confidence among small businesses is helping to drive overall satisfaction with business credit card issuers higher than its peak level in 2019.
  • Despite satisfaction gains, credit card terms could be an issue: Business credit card issuers see improvements in customer satisfaction across nearly every factor evaluated in this year’s study, with the exception of credit card terms, which remained flat year over year.
  • The 2023 U.S. Small Business Credit Card Satisfaction Study, now in its fifth year, measures customer satisfaction with the largest small business credit card issuers in the U.S. by examining six factors (in alphabetical order): benefits and services; channel activities; credit card management; credit card terms; key moments; and rewards.
  • For more information about the U.S. Small Business Credit Card Satisfaction Study, visit

Bill Stein Joins Crusoe Board of Advisors

Retrieved on: 
Thursday, November 30, 2023
Technology, Other Energy, Environmental Health, Alternative Energy, Energy, Professional Services, Artificial Intelligence, Environment, Software, Internet, Cryptocurrency, Green Technology, Data Management, Climate Change, Cloud, GPU, Digital Realty, Central Waqf Council, Climate, Istar, GI Partners, PNC Financial Services, PNC, Digital, Cloud computing, Growth, Duquesne Light Company, Westinghouse Electric Corporation

Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.

Key Points: 
  • Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.
  • Stein joins Crusoe on the heels of the recent announcement of a significant expansion of its high performance cloud computing business with new capacity and additional financing earmarked for further GPU purchases and data center expansion.
  • “This is a critical moment for Crusoe as they expand their digital infrastructure offerings,” said Stein.
  • Both Dolan and McGrath had previously served as members of Crusoe’s Board of Advisors for multiple years.

American Opportunity Index Reveals How Well the Nation’s 400 Largest Companies Maximize Talent to Drive Business Performance and Advance Employees’ Careers

Retrieved on: 
Thursday, November 30, 2023
Environmental, Social and Governance (ESG), Business, Professional Services, DEI (Diversity, Equity and Inclusion), Human Resources, Woman, ServiceNow, The Coca-Cola Company, Intuit, Bank, Foreign policy, Howard Schultz, Workforce, Bank of America, Learning, Capital One, Multimedia, Culture, PNC Financial Services, Parity, PNC, Capital, Social media, Harvard Business School, Hand, Happiness, American Opportunity, Costco, Restaurant, Management, Video game, Nursing, Creative industries, Index

This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.

Key Points: 
  • This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.
  • The 2023 American Opportunity Index reveals several powerful insights for companies navigating a dynamic labor market:
    Corporate practice has a major impact on workers.
  • Companies have a crucial role to play in creating opportunity and upward mobility for American workers and their families.
  • “The American Opportunity Index demonstrates the incredible significance of corporate policies in determining economic outcomes for most workers.

Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project

Retrieved on: 
Tuesday, November 28, 2023
Alternative Energy, Energy, Batteries, Technology, Utilities, Coal, MISO, PNC, Midcontinent Independent System Operator, Partnership, Norddeutsche Landesbank, PNC Financial Services, SMBC, Letter, Investment banking, Renewable energy, Primergy

Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

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 $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
  • The Prairie Mist project debt financing includes a tax equity bridge loan, construction/term debt, and a letter of credit facility.
  • The debt facilities are led by a syndicate comprising of Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, and SMBC.
  • The Prairie Mist financing also includes a tax equity investment led by an affiliate of The PNC Financial Services Group, Inc.
    “We are pleased to have supported Primergy on the Prairie Mist financing as Coordinating Lead Arranger,” said Alejandro Lopez-Jensen, Senior Director, Project Finance at Nord/LB.