Standard

Octane Completes $300 Million Asset-Backed Securitization to Drive Continued Growth

Retrieved on: 
Tuesday, March 5, 2024

NEW YORK, March 5, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $300 million securitization ("OCTL 2024-1") collateralized by its fixed-rate installment powersports loans issued through its in-house lender, Roadrunner Financial®, Inc.

Key Points: 
  • Octane saw a high level of demand for its notes.
  • Additionally, Octane expanded its investor base by attracting new investors through this issuance, while maintaining the support of existing institutional investors.
  • Last month, Octane announced the sale of $280M in whole loans to Yieldstreet , a leading private market investing platform.
  • Octane surpassed $4B in aggregate originations last week, and in January, the company announced a strategic agreement with Kawasaki Motors Corp ., U.S.A.

CME Group Executives to Present at 2024 Raymond James Annual Institutional Investors Conference

Retrieved on: 
Friday, March 1, 2024

CHICAGO, March 1, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that Global Head of Financial & OTC Products Tim McCourt, Chief Accounting Officer Jack Tobin and Executive Director of Investor Relations Adam Minick will present at the 45th Annual Raymond James Institutional Investors Conference on Tuesday, March 5, at 8:40 a.m. (Eastern Time).

Key Points: 
  • CHICAGO, March 1, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that Global Head of Financial & OTC Products Tim McCourt, Chief Accounting Officer Jack Tobin and Executive Director of Investor Relations Adam Minick will present at the 45th Annual Raymond James Institutional Investors Conference on Tuesday, March 5, at 8:40 a.m. (Eastern Time).
  • Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the online broadcast.
  • An audio webcast will be available for replay at the same address approximately 24 hours following the conclusion of the conference.
  • CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates , equity indexes , foreign exchange , energy , agricultural products and metals .

Adam Oakley and Rocky Pontikes Named Co-Heads of Mesirow Investment Banking

Retrieved on: 
Thursday, February 29, 2024

Oakley and Pontikes to lead exceptional group of experienced, sector-focused bankers and an established execution team

Key Points: 
  • Oakley and Pontikes to lead exceptional group of experienced, sector-focused bankers and an established execution team
    Group serves as middle market investment banking advisor to entrepreneurs, financial sponsors and large corporations
    CHICAGO, Feb. 29, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the promotion of Adam Oakley and Rocky Pontikes to Co-Heads of Mesirow Investment Banking.
  • Mesirow Investment Banking has completed more than 325 transactions in recent years across its covered industry verticals.
  • With more than two decades of investment banking and valuation experience, Oakley has expertise in industries including Aerospace & defense and diversified Industrials.
  • "Mesirow Investment Banking has a long history of delivering successful outcomes for our clients," said Rocky Pontikes , adding, "I am honored to partner with Adam to lead an extraordinary group of professionals.

Citycon Group successfully places a EUR 300 million Green Bond with an orderbook approximately seven times over-subscribed

Retrieved on: 
Wednesday, February 28, 2024

HELSINKI, Feb. 28, 2024 /PRNewswire/ -- Citycon Group has successfully placed a EUR 300 million green bond (the "Bond"). The issuer of the Bond is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The 5-year senior unsecured fixed rate EUR-denominated Bond matures on 6 March 2029 and pays a fixed coupon of 6.500%.The Bond is issued under the issuer's EUR 2,500,000,000 EMTN programme dated 10 November 2023, and supplemented on 26 February 2024. Citycon Treasury B.V. will apply for the Bond to be admitted to the Official List of the Irish Stock Exchange (Euronext Dublin) and to trade on its regulated market. The Bond will be rated by Standard & Poor's in line with the corporate rating of Citycon.The net proceeds from the Bond will be used to refinance existing debt and for such general corporate purposes of the Group that meet Citycon's green financing framework requirements, which enables Citycon to integrate sustainability objectives in its financing activities. Citycon expects to apply a portion of the net proceeds of the issue to purchasing certain euro-denominated bonds issued by the Citycon Group which are validly tendered and accepted for purchase in accordance with the tender offer launched by Citycon on 27 February 2024.Citycon's green financing framework reflects practices that support the transition to a sustainable and low carbon economy through the development of green assets. Proceeds allocated in accordance with the framework will be used to finance or re-finance eligible green assets in categories green buildings, energy efficiency, renewable energy or waste management."We are pleased with the success of this placement. The demand for the bond was extremely strong with an orderbook approximately seven times over-subscribed. This once again highlights the quality of our credit and our access to the capital market. As a result of this successful issuance, our debt maturity profile is significantly improved and refinancing risk is further reduced as we aim to use the net proceeds to partially pay back the bond maturing in 2024 and pay down other short-term debt", says Sakari Järvelä, Chief Financial Officer of Citycon.Danske Bank and Deutsche Bank acted as Global Coordinators, and Nordea Bank, OP Corporate Bank, SEB and Swedbank acted as Active Bookrunners.

Key Points: 
  • Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.0 billion.
  • Citycon has investment-grade credit rating from Standard & Poor's (BBB-).
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or intends to register, securities in any of these jurisdictions or to conduct an offer of securities for sale in any of these jurisdictions.

NCPDP Foundation Opens Its Call for Grant Proposals, Due April 30

Retrieved on: 
Wednesday, February 28, 2024

SCOTTSDALE, Ariz., Feb. 28, 2024 /PRNewswire-PRWeb/ -- The NCPDP Foundation Board of Trustees announced its call for grant proposals that demonstrate the value of NCPDP standards in supporting the expanded role of pharmacists, patient safety, access to care, and coordination of care and innovation. Proposals must meet the grant proposal requirements and be submitted electronically by 5:00 p.m. MST on April 30, 2024, to be considered for the current grant funding cycle.

Key Points: 
  • SCOTTSDALE, Ariz., Feb. 28, 2024 /PRNewswire-PRWeb/ -- The NCPDP Foundation Board of Trustees announced its call for grant proposals that demonstrate the value of NCPDP standards in supporting the expanded role of pharmacists, patient safety, access to care, and coordination of care and innovation.
  • Proposals must meet the grant proposal requirements and be submitted electronically by 5:00 p.m. MST on April 30, 2024, to be considered for the current grant funding cycle.
  • Grant projects must benefit at least one of the NCPDP Foundation strategic initiatives: expanding the role and value of the pharmacist ; expanding patient access to care ; enhancing patient safety ; and empowering coordination of care and innovation, its newest strategic initiative.
  • To submit a grant proposal, complete and submit the Request for Funding form along with supplemental material by 5:00 p.m. MST on April 30, 2024.

Standard Motor Products Releases 118 Numbers in February Announcement

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) is pleased to announce the introduction of 118 new part numbers in its February new number announcement. This recent release provides new coverage in 57 distinct product categories and 55 part numbers for 2023 and 2024 model-year vehicles.

Key Points: 
  • This recent release provides new coverage in 57 distinct product categories and 55 part numbers for 2023 and 2024 model-year vehicles.
  • Standard® introduced VVT Sprockets for Subaru, Hyundai and Kia vehicles through 2023 and VVT Solenoids for Mitsubishi vehicles through 2022.
  • Electronic vehicle safety systems become more complex with each passing year, and Standard® is committed to releasing new coverage in these high-tech categories.
  • When OE fails, technicians can trust Standard® for the highest-quality and best-performing parts available."

Citycon Group intends to issue a euro-denominated green bond

Retrieved on: 
Tuesday, February 27, 2024

HELSINKI, Feb. 27, 2024 /PRNewswire/ -- Citycon Group intends to issue a euro-denominated senior unsecured bond approximately with a maturity of 5 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon Treasury B.V. would apply for the bond to be admitted to the Official List of the Irish Stock Exchange (Euronext Dublin) and to trading on its regulated market. The bond would be issued under the issuer's EUR 2,500,000,000 EMTN programme dated 10 November 2023, and supplemented on 26 February 2024.

Key Points: 
  • Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.0 billion.
  • Citycon has investment-grade credit rating from Standard & Poor's (BBB-).
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or intends to register, securities in any of these jurisdictions or to conduct an offer of securities for sale in any of these jurisdictions.

Global Audio Codecs Market Report, 2022-2024 and 2030 - Efforts Focus on Developing Wireless Audio Codec Standard to Improve Fidelity

Retrieved on: 
Monday, February 26, 2024

DUBLIN, Feb. 26, 2024 /PRNewswire/ -- The "Audio Codecs - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 26, 2024 /PRNewswire/ -- The "Audio Codecs - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global audio codecs industry is on a steadfast growth trajectory, with current evaluations documenting a robust US$6 Billion in 2022 and projections estimating an impressive ascent to US$8.8 Billion by the year 2030.
  • This growth reflects a compounded annual growth rate (CAGR) of 4.9% within the assessment period extending from 2022 to 2030.
  • The United States, with its advanced technological infrastructure, boasts an audio codecs market valued at US$1.6 Billion in 2022.

Tooth Fairy giving drops for first time in 5 years, according to Delta Dental poll

Retrieved on: 
Thursday, February 22, 2024

New Delta Dental findings from its 2024 Original Tooth Fairy Poll® revealed the average value of a single lost tooth during the past year declined by 6% from $6.23 to $5.84.

Key Points: 
  • New Delta Dental findings from its 2024 Original Tooth Fairy Poll® revealed the average value of a single lost tooth during the past year declined by 6% from $6.23 to $5.84.
  • This represents the first year-over-year decline in Tooth Fairy giving in five years.
  • "Delta Dental has tracked U.S. Tooth Fairy giving trends for 26 years as a timely way to spotlight the importance of children's oral health," said Gabriella Ferroni, Senior Director, Strategic Communications, Delta Dental Plans Association.
  • Despite the more economical reward, Tooth Fairy giving is a fun conversation starter to encourage good oral hygiene habits at an early age."

Covalent Announces Public Consultation for Enhanced Certification Standard, Seeking Endorsement from ICROA

Retrieved on: 
Tuesday, February 20, 2024

SAN FRANCISCO, Feb. 20, 2024 /PRNewswire/ -- Covalent, a financing platform for permanent carbon dioxide removal (CDR), announced today that its Certification Standard is now open for public consultation.

Key Points: 
  • SAN FRANCISCO, Feb. 20, 2024 /PRNewswire/ -- Covalent, a financing platform for permanent carbon dioxide removal (CDR), announced today that its Certification Standard is now open for public consultation.
  • Following the initial release of the Standard in May 2023, the company is seeking feedback on the enhanced Standard aligned with the rigorous criteria set by ICROA.
  • This initiative reflects Covalent's commitment to scaling the emerging permanent CDR industry by addressing trust, transparency, and downside risk concerns.
  • The consultation period starts on February 20th and will remain open until the close of business on March 21st.