HSBC Bank

Racquel Oden Appointed TMCF Board Chair

Retrieved on: 
Thursday, October 12, 2023
Santander Consumer Bank (Deutschland), Northeast Division GAA Board, Investment, Essence (magazine), Woman, Wealth management, Swedish Business Awards, News, Acquisition, HSBC Bank Canada, National Board for Professional Teaching Standards, Agenda, Morgan Stanley, HSBC Bank, HBCU, Hampton University, Apollo, FWA, Neural Networks (journal), New York City Police Foundation, New York Women's Agenda, Diversity, Alpha Kappa Alpha, James Madison University, Head, HSBC, Financial Women's Association, Wall Street, YWCA, UBS, Merrill (company), JPMorgan Chase, Financial services, Management, Interior design

WASHINGTON, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- During Thurgood Marshall College Fund’s bi-annual Board of Directors meeting on September 23rd, Racquel Oden, head of wealth and personal banking for HSBC Bank U.S.A., was appointed Board Chair-Elect.

Key Points: 
  • WASHINGTON, D.C., Oct. 12, 2023 (GLOBE NEWSWIRE) -- During Thurgood Marshall College Fund’s bi-annual Board of Directors meeting on September 23rd, Racquel Oden, head of wealth and personal banking for HSBC Bank U.S.A., was appointed Board Chair-Elect.
  • “As a member of the TMCF board for the past 16 years and an HBCU alum, I've experienced first-hand the pivotal role we play in nurturing future leaders & providing access,” Oden said.
  • In addition to serving as TMCF's board chair, Oden serves on the Boards of Directors for the Apollo Theater, New York City's Prep for Prep, and The New York City Police Foundation and on the National Board of Directors.
  • Oden lives with her husband and daughter in Long Island, New York.

Calfrac Announces Extension and Amendment of Credit Facilities

Retrieved on: 
Friday, September 29, 2023
Well, Calfrac Well Services, HSBC Bank, Canadian Western Bank, Face, Toronto Stock Exchange, Bank statement, HSBC Bank Canada, Primary Dealer Credit Facility, Sale, CFW, ATB Financial, EBITDA, Times interest earned, Toronto-Dominion Bank, Hydrocarbon, Security (finance), Bank

CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).

Key Points: 
  • CALGARY, Alberta, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. ("Calfrac" or “the Company”) (TSX-CFW) is pleased to announce that it has entered into an agreement with a syndicate of Canadian financial institutions which amends and extends its credit facilities (the “Credit Facilities”).
  • As at June 30, 2023 the Interest Coverage Ratio and Total Debt to EBITDA ratio from continuing operations would have been 7.93:1.00 and 1.04:1.00, respectively.
  • Calfrac’s Chief Financial Officer, Mike Olinek, commented: “We are pleased to report an extension of the Company’s Credit Facilities with a newly configured lending syndicate consisting of four major financial institutions.
  • Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout western Canada, the United States and Argentina.

Financial Institutions, Inc. Announces Controller Retirement and Internal Appointment

Retrieved on: 
Wednesday, September 20, 2023
HSBC Bank, First Niagara Bank, Senior, Controller, Five Star Bank, State university system, Hardinge, University at Buffalo, Buffalo, Financial institution, Five Star, Accounting, Treasury, Corporation, Comptroller, Growth, Bank, M&T Bank, Management, Science, Finance

Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.

Key Points: 
  • Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.
  • Ms. Dumbleton has served as Controller of the Company and Bank since 2006.
  • She previously served as Corporate Secretary of the Company and Bank from 2013 to 2018.
  • She held various positions in finance, accounting and internal audit at Five Star and its predecessor banks from 1984 to 2005.

Arçelik announces Eurobond issue of $400 million

Retrieved on: 
Wednesday, September 20, 2023
HSBC Bank, BNP Paribas, JPMorgan Chase, Citigroup, Security (finance)

ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028. The issuance was executed through the intermediation of JP Morgan, BNP Paribas, Citigroup, and HSBC Bank. This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.

Key Points: 
  • Arçelik has successfully issued Eurobond with a total value of $400 million, marking the first Eurobond issuance by a private sector company from Türkiye in almost two years
    ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028.
  • This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.
  • Our $400 million Eurobond issuance represents a significant milestone that not only mirrors investor confidence but also supports our company's robust financial performance.
  • Arçelik had previously issued a green bond worth €350 million with a five-year maturity in 2021, becoming the first real sector company in Türkiye to issue green bonds in the international markets.

Arçelik announces Eurobond issue of $400 million

Retrieved on: 
Wednesday, September 20, 2023
HSBC Bank, BNP Paribas, JPMorgan Chase, Citigroup, Security (finance)

ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028. The issuance was executed through the intermediation of JP Morgan, BNP Paribas, Citigroup, and HSBC Bank. This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.

Key Points: 
  • Arçelik has successfully issued Eurobond with a total value of $400 million, marking the first Eurobond issuance by a private sector company from Türkiye in almost two years
    ISTANBUL, Sept. 20, 2023 /PRNewswire/ -- Arçelik, a leading global home appliance manufacturer, has issued a $400 million Eurobond with a maturity date of September 25, 2028.
  • This transaction stands out as the first Eurobond issuance undertaken by a private sector company from Türkiye since January 2022.
  • Our $400 million Eurobond issuance represents a significant milestone that not only mirrors investor confidence but also supports our company's robust financial performance.
  • Arçelik had previously issued a green bond worth €350 million with a five-year maturity in 2021, becoming the first real sector company in Türkiye to issue green bonds in the international markets.

THE PRAX GROUP ANNOUNCES SUCCESSFUL CLOSING OF A US$300 MILLION PRIVATE CREDIT FACILITY

Retrieved on: 
Tuesday, September 12, 2023
HSBC, HSBC Bank, Facility, Biofuel, Private credit, HSBC (United Kingdom), Bank, Prax

London, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").

Key Points: 
  • London, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").
  • The Facility achieved a substantial oversubscription and was upsized from an original US$250 million, with four institutions participating in the transaction, including three new lenders.
  • The Private Credit team at HSBC Bank plc ("HSBC") acted as Sole Mandated Lead Arranger of the transaction.
  • Ben Lahnstein, Group Chief Financial Officer, Prax, said: "The success of the transaction highlights the confidence our lending groups have in Prax and the depth of our banking and investor relationships.

MPOWER hires Amit Kothiyal as Chief Customer and Operations Officer

Retrieved on: 
Tuesday, September 5, 2023
Fintech, HSBC Bank, Jamshedpur, Software as a service, B2B, Mpower Financing, Goldman Sachs, Silicon, Student, M.B.A, Heel, Amit, Digital marketing, BPO, Growth, Infosys, Ajay Kothiyal, Infosys BPM, Automation, Management

WASHINGTON and BENGALURU, India, Sept. 5, 2023 /PRNewswire/ -- MPOWER Financing ("MPOWER"), a mission-driven fintech firm and leading provider of non-cosigned loans to promising students from around the world, announced today that it has hired Amit Kothiyal as Chief Customer and Operations Officer.

Key Points: 
  • WASHINGTON and BENGALURU, India, Sept. 5, 2023 /PRNewswire/ -- MPOWER Financing ("MPOWER"), a mission-driven fintech firm and leading provider of non-cosigned loans to promising students from around the world, announced today that it has hired Amit Kothiyal as Chief Customer and Operations Officer.
  • Kothiyal's hiring follows a period of remarkable expansion in the company's loan volume and reflects MPOWER's growing presence in India as it builds out its worldwide operations.
  • Kothiyal will oversee MPOWER's end-to-end customer operations and streamline MPOWER's technology, processes, and procedures.
  • Prior to MPOWER, Kothiyal was President and COO of a B2B SaaS platform for Digital Marketers.

Scotiabank welcomes Sandra Stuart and Michael Medline to its Board of Directors

Retrieved on: 
Tuesday, August 29, 2023
HSBC Bank, HSBC, Ontario Securities Commission, Corporate development, HSBC Bank Canada, Empire Company, Empire, Canadian Tire, Corporate real estate, Growth, McCarthy, Scotiabank, Management

TORONTO, Aug. 29, 2023 /CNW/ - Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors.

Key Points: 
  • TORONTO, Aug. 29, 2023 /CNW/ - Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors.
  • "We are very pleased to welcome Sandra and Michael to Scotiabank's Board.
  • Sandra is a seasoned business leader with extensive global financial services and operations experience from her time at HSBC Bank.
  • Prior to joining Empire in 2017, Mr. Medline held retail leadership positions at Canadian Tire Corporation, including President and Chief Executive Officer.

HSBC U.S. Innovation Banking Expands Venture Debt Offering

Retrieved on: 
Thursday, August 24, 2023
Banking, Professional Services, Finance, San Francisco Bay Area, HSBC, HSBC Bank USA, Growth, HSBC Bank, Innovation, Security (finance)

HSBC announced today that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A.

Key Points: 
  • HSBC announced today that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA, N.A.
  • While HSBC has been providing venture debt to later-stage innovation companies since 2019, this broader offering is aligned with the Innovation Banking strategy to work with companies at the earliest stages of their development.
  • In addition to the venture debt offering, HSBC has developed banking packages tailored to meet the evolving needs of innovation companies as they scale from startups to highly complex multi-national businesses.
  • “We are excited about the continued expansion of our suite of products and solutions designed to serve the innovation economy,” said David Sabow, U.S. Head of HSBC Innovation Banking.

Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet

Retrieved on: 
Friday, August 4, 2023
Mining, Minerals, Natural Resources, CIBC Bank USA, HSBC Bank, International, Brown Brothers Harriman & Co., Commonwealth Bank, Lead arranger, Wells Fargo, HSBC Bank USA, Macquarie Group, Facility, Bookrunner, Bank

Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).

Key Points: 
  • Auramet International, Inc. (“Auramet”), a leading precious metals merchant, is pleased to announce that it has closed a $275 million syndicated revolving credit facility (the “Facility”) led by Macquarie Bank Limited (“Macquarie”).
  • Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was well oversubscribed.
  • Auramet was pleased to expand its lender group to include Wells Fargo Bank.
  • The continued strong support of our banks is an important part of our business and Auramet appreciates the long-standing relationships we have with experienced and responsive bankers that understand our markets.” – Mark Edelstein, Auramet CFO