PPM America, Inc.

PPM America Repeats As One of the “Best Places to Work in Money Management”

Retrieved on: 
Monday, December 11, 2023

For the fourth time, PPM America, Inc. (PPM) has been named one of the Best Places to Work in Money Management by Pensions & Investments.

Key Points: 
  • For the fourth time, PPM America, Inc. (PPM) has been named one of the Best Places to Work in Money Management by Pensions & Investments.
  • View the full release here: https://www.businesswire.com/news/home/20231211862067/en/
    The Polar Plunge supporting the Special Olympics is one of the many philanthropic activities PPM America participates in throughout the year.
  • Since 2012, Pensions & Investments has produced the Best Places to Work in Money Management list to highlight top employers in the money management industry.
  • For a complete list of the Pensions & Investments’ Best Places to Work in Money Management 2023 winners, including PPM, and profiles of the top 100 firms across size categories, go to www.pionline.com/BPTW2023 .

PPM America Hires Lord Abbett Director To Global Distribution Team

Retrieved on: 
Wednesday, November 29, 2023

PPM America, Inc. (PPM) today announced the continued expansion of its Global Distribution team with the addition of Greg Balewicz as a Senior Managing Director.

Key Points: 
  • PPM America, Inc. (PPM) today announced the continued expansion of its Global Distribution team with the addition of Greg Balewicz as a Senior Managing Director.
  • Prior to Lord Abbett, Balewicz spent 17 years at State Street Global Advisors in various roles, primarily focused on institutional sales.
  • View the full release here: https://www.businesswire.com/news/home/20231129126794/en/
    PPM America continues the expansion of its Global Distribution team with the addition of Greg Balewicz as a Senior Managing Director.
  • “Greg is an excellent addition not only to the Global Distribution team but also PPM as a whole,” Seaver said.

Premier Health Secures Debt Financing for its Previously Announced Acquisition

Retrieved on: 
Monday, October 30, 2023

MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (“Premier Health” or the “Corporation”), a leading Canadian Healthtech company, is announcing a $50 million secured credit package (the “Secured Financing”) aimed at closing the acquisition of Solution Staffing Inc. (the “Transaction”), which was announced on July 4th, 2023, including a refinancing of its current revolving facility and new term loans to finance the Transaction.

Key Points: 
  • MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (“Premier Health” or the “Corporation”), a leading Canadian Healthtech company, is announcing a $50 million secured credit package (the “Secured Financing”) aimed at closing the acquisition of Solution Staffing Inc. (the “Transaction”), which was announced on July 4th, 2023, including a refinancing of its current revolving facility and new term loans to finance the Transaction.
  • The other three loans have fixed rates averaging 14.3%.
  • The Secured Financing is led by the Royal Bank of Canada and BDC Capital Inc., sole affiliate of the Business Development Bank of Canada and is subject to certain conditions precedents, mainly the conclusion of the Transaction and other customary conditions.
  • Collateral security for the Secured Financing will be provided by PHA and its subsidiaries.

Interstate Power and Light Company Prices Debt Offering

Retrieved on: 
Tuesday, September 19, 2023

Interstate Power and Light Company (“IPL”), a wholly owned subsidiary of Alliant Energy Corporation (NASDAQ: LNT), announced the pricing of its public offering of $300 million aggregate principal amount of 5.700% senior debentures.

Key Points: 
  • Interstate Power and Light Company (“IPL”), a wholly owned subsidiary of Alliant Energy Corporation (NASDAQ: LNT), announced the pricing of its public offering of $300 million aggregate principal amount of 5.700% senior debentures.
  • The senior debentures will be due on October 15, 2033.
  • IPL intends to use the net proceeds from this offering to reduce outstanding capital under its receivables purchase and sale program, to reduce commercial paper classified as long-term debt, and/or for general corporate purposes.
  • The closing of the offering is expected to occur on September 21, 2023, subject to the satisfaction of customary closing conditions.

PPM Promotes Within Investment Team

Retrieved on: 
Tuesday, September 12, 2023

PPM America, Inc. (PPM) is excited to announce that Ogechi Nwachukwu is transitioning from Head of Fixed Income Research to the newly formed position of Deputy Chief Investment Officer.

Key Points: 
  • PPM America, Inc. (PPM) is excited to announce that Ogechi Nwachukwu is transitioning from Head of Fixed Income Research to the newly formed position of Deputy Chief Investment Officer.
  • In this role, he is responsible for ensuring the continuity of the investment practices that have driven PPM’s performance results.
  • (Photo: Business Wire)
    “I am honored to be promoted to Deputy CIO and help lead this team of experienced investment professionals,” said Ogechi.
  • Brian started at PPM 15 years ago as a member of the private placements team before joining the general account portfolio management team in 2019 to oversee the investment grade corporate portfolio.

Black Hills Corp. Announces Pricing of $450 Million Debt Offering

Retrieved on: 
Thursday, September 7, 2023

RAPID CITY, S.D., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced the pricing of a registered public debt offering of $450 million aggregate principal amount of 6.15% senior unsecured notes due May 15, 2034.

Key Points: 
  • RAPID CITY, S.D., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced the pricing of a registered public debt offering of $450 million aggregate principal amount of 6.15% senior unsecured notes due May 15, 2034.
  • The company expects the offering to close on Sept. 15, 2023, subject to customary closing conditions.
  • Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice.
  • Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

EQS-News: LION E-Mobility AG: LION Smart GmbH and LION Smart Production GmbH today published their preliminary, unaudited financial figures for the second quarter 2023

Retrieved on: 
Thursday, August 3, 2023

Garching near Munich, August 3rd, 2023 - LION Smart GmbH (LS) and LION Smart Production GmbH (LSP), fully owned subsidiaries of LION E-Mobility AG, today published their preliminary, unaudited financial figures for the second quarter ended June 30th, 2023.

Key Points: 
  • Garching near Munich, August 3rd, 2023 - LION Smart GmbH (LS) and LION Smart Production GmbH (LSP), fully owned subsidiaries of LION E-Mobility AG, today published their preliminary, unaudited financial figures for the second quarter ended June 30th, 2023.
  • As of June 30th, 2023, 58 employees and 7 working students were employed by LION Smart GmbH and LION Smart Production GmbH (June 30th 2022: total of 54).
  • The equity of LION Smart GmbH and LION Smart Production GmbH amounts to EUR 5.48M as of June 30th,2023 compared to EUR 5.37M end of March.
  • The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems and 100% of LION Smart Production GmbH, a battery pack manufacturer.

Booz Allen Hamilton Announces Pricing of Senior Notes Offering

Retrieved on: 
Tuesday, August 1, 2023

Booz Allen Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen”) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc. (the “Issuer”), has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2033 (the “Notes”).

Key Points: 
  • Booz Allen Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen”) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc. (the “Issuer”), has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2033 (the “Notes”).
  • The offering is expected to close on August 4, 2023, subject to certain closing conditions.
  • Booz Allen will fully and unconditionally guarantee the Notes on a senior unsecured basis.
  • The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.

WM Announces Pricing of $2 Billion Senior Notes

Retrieved on: 
Thursday, July 27, 2023

Waste Management, Inc. (NYSE: WM) (“WM” or the “Company”) today announced that it has priced a public offering of $2,000,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”), as follows:

Key Points: 
  • Waste Management, Inc. (NYSE: WM) (“WM” or the “Company”) today announced that it has priced a public offering of $2,000,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”), as follows:
    $750,000,000 aggregate principal amount of 4.875% senior notes due February 15, 2029; and
    $1,250,000,000 aggregate principal amount of 4.875% senior notes due February 15, 2034.
  • The notes will be fully and unconditionally guaranteed by the Company’s wholly owned subsidiary, Waste Management Holdings, Inc.
  • The notes have been assigned ratings of A- by Standard & Poor’s, BBB+ by Fitch and Baa1 by Moody’s.
  • The offering is expected to close on August 3, 2023, subject to the satisfaction of closing conditions.

Ares Capital Corporation Prices Public Offering of $600 Million 7.000% Unsecured Notes Due 2027

Retrieved on: 
Thursday, July 27, 2023

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027.
  • The notes will mature on January 15, 2027 and may be redeemed in whole or in part at Ares Capital’s option at any time at par plus a “make-whole” premium.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.