Macquarie Group

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

Retrieved on: 
Thursday, December 14, 2023

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.

Macquarie Asset Management Launches Outlook 2024

Retrieved on: 
Wednesday, December 6, 2023

Macquarie Asset Management has today published its Outlook 2024 , providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead.

Key Points: 
  • Macquarie Asset Management has today published its Outlook 2024 , providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead.
  • In Outlook 2024, Macquarie Asset Management outlines its expectations that global growth will be more challenged in the year ahead as high interest rates and tighter credit conditions increasingly slow economic activity.
  • Ben Way, Group Head of Macquarie Asset Management, said: “In our experience, volatility and uncertainty – while not necessarily welcome – can create opportunities.
  • In the US, Macquarie Asset Management believes municipal bonds and agency mortgage-backed securities also offer a good risk-adjusted return proposition.

FIBRA Macquarie México Announces Results of Ordinary and Extraordinary Holders’ Meetings

Retrieved on: 
Monday, December 4, 2023

FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announced the results of Holders’ Meetings held on December 1st, 2023.

Key Points: 
  • FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announced the results of Holders’ Meetings held on December 1st, 2023.
  • A quorum of 79% of certificate holders was achieved for each of the ordinary holders’ and extraordinary holders’ meetings held, respectively.
  • The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank.
  • Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.

Macquarie Asset Management hires Vivek Bommi as Head of Leveraged Credit

Retrieved on: 
Thursday, November 30, 2023

Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit.

Key Points: 
  • Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit.
  • View the full release here: https://www.businesswire.com/news/home/20231130795791/en/
    Based in Philadelphia, Vivek joins Macquarie Asset Management with 25 years of industry experience, having spent the last 15 years in senior roles across Leveraged Credit.
  • “We see investors continue to look for credit solutions across the liquidity, risk and return spectrums,” said Brett Lewthwaite, Deputy Head of Credit, Macquarie Asset Management.
  • “Vivek’s wealth of experience will be invaluable as we look to grow our existing leveraged credit solutions and add new offerings.”
    “I am excited to join the Macquarie Asset Management Credit team and look forward to growing its strong Leveraged Credit offerings.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Monday, November 13, 2023

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans.

WORKERS AT LRS WASTE MANAGEMENT VOTE TO JOIN TEAMSTERS

Retrieved on: 
Tuesday, December 12, 2023

ATKINSON, Ill., Dec. 12, 2023 /PRNewswire/ -- Workers at Lakeshore Recycling Systems (LRS) have voted to join Teamsters Local 371. The group of residential and rolloff drivers, as well as driver assistants, voted to become Teamsters to secure safer working conditions, fair workloads, improved benefits, and better wages.

Key Points: 
  • ATKINSON, Ill., Dec. 12, 2023 /PRNewswire/ -- Workers at Lakeshore Recycling Systems (LRS) have voted to join Teamsters Local 371.
  • "The working conditions at LRS require significant improvement," said Hendi Valdez, a residential driver and a new member of Local 371.
  • This past summer, the Teamsters Solid Waste and Recycling Division secured a verbal agreement that Macquarie would not interfere in its workers' choice to join a union.
  • Teamsters Local 371 represents workers in various industries, including construction, waste, public services, and transportation.

ParentSquare Acquires Remind, Expanding Options for School-Home Engagement

Retrieved on: 
Wednesday, November 29, 2023

SANTA BARBARA, Calif., Nov. 29, 2023 /PRNewswire-PRWeb/ -- ParentSquare, the award-winning unified school-home engagement platform for K12 education, has acquired Remind, a popular platform for communication and learning.

Key Points: 
  • The Remind platform is used in over 80% of public schools and by 60% of teachers in the United States.
  • The combined company will be known as ParentSquare, and its core business will continue to be school-home communications.
  • "Remind has a very strong following with teachers, and ParentSquare has a strong unified platform for districts and the full school community," ParentSquare President and Founder Anupama Vaid said.
  • Remind Tutoring will be discontinued so that the newly-combined company can focus solely on family and community engagement through communication.

Bell Partners Expands Senior Management Team with Two New Hires

Retrieved on: 
Thursday, November 16, 2023

GREENSBORO, N.C., Nov. 16, 2023 /PRNewswire/ -- Bell Partners (the "Company"), one of the nation's largest apartment investment and management companies, today announced the appointments of Barbat Rodgers as Senior Vice President, Investor Relations, and Meghan Burke as Senior Vice President, Partner Solutions. Ms. Rodgers will oversee the Company's Investor Relations team, serving as the primary point of contact for investors. Ms. Burke will focus on the Company's capital raising activities, working closely with Bell Partners' global investor base. Both officers will report to Joseph Cannon, EVP of Portfolio Management.

Key Points: 
  • Ms. Burke will focus on the Company's capital raising activities, working closely with Bell Partners' global investor base.
  • "I'm thrilled to have Barbat and Meghan join our team and am proud that women now constitute over half of the Bell Partners' Officer group, which includes the Vice President level and above."
  • Ms. Burke brings over 19 years of real estate, investor relations, and capital markets industry experience to Bell Partners.
  • She joins Bell Partners from Macquarie Asset Management, where she served as Managing Director, Head of Real Estate Americas, Client Solutions Group, and was responsible for institutional capital-raising efforts.

TIME REVEALS THE INAUGURAL TIME100 CLIMATE LIST OF THE WORLD'S MOST INFLUENTIAL LEADERS DRIVING BUSINESS TO REAL CLIMATE ACTION

Retrieved on: 
Thursday, November 16, 2023

NEW YORK, Nov. 16, 2023 /PRNewswire/ -- Today, TIME reveals the inaugural TIME100 Climate, a new list of the world's most influential leaders driving business to real climate action.

Key Points: 
  • NEW YORK, Nov. 16, 2023 /PRNewswire/ -- Today, TIME reveals the inaugural TIME100 Climate, a new list of the world's most influential leaders driving business to real climate action.
  • We are thrilled to further this mission—and to empower business leaders and individuals to take climate action—with the inaugural TIME100 Climate list."
  • Of the inaugural TIME100 Climate list, TIME Editor-in-Chief Sam Jacobs writes: "Climate leadership is ­embedded across all of our coverage today.
  • See the full list here: https://bit.ly/3G7CNWZ
    'TIME100 IMPACT DINNER' TO RECOGNIZE LEADERS CREATING CLIMATE ACTION DURING COP28 IN DUBAI:
    TIME will convene the TIME100 Impact Dinner: Leaders Creating Climate Action to spotlight an array of leaders—including those featured on the new TIME100 Climate list of climate innovators—on December 1st during COP28 in Dubai.

Mach Natural Resources Adds Accretive Acquisition in Anadarko Basin

Retrieved on: 
Monday, November 13, 2023

The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.

Key Points: 
  • The Acquisition is expected to close December 29, 2023, with an effective date of September 1, 2023.
  • The $825mm Senior Secured Term Loan will close in conjunction with the closing of the Acquisition.
  • Kirkland & Ellis is serving as legal advisor for Mach.
  • Vinson & Elkins is serving as legal advisor and RBC Richardson Barr is serving as financial advisor for Sellers.