BRF

SMBC Announces Building Resilient Futures to Enrich Youth Through the Power of the Outdoors

Retrieved on: 
Thursday, February 29, 2024
Sports, Finance, Teens, Banking, Children, Professional Services, Outdoors, Consumer, Internet, Poverty, American Camp Association, Education, BRF, Building, ACA, Growth, Learning, Communication, Corporate social responsibility, Character, School, Sumitomo Mitsui Banking Corporation, Outward Bound USA, Swimming, Organization, Camper, SMBC, Outward Bound, Music, Environment, Football, Partnership, Tourism

The Sumitomo Mitsui Banking Corporation (SMBC) Global Foundation, part of SMBC Group, is helping increase access to outdoor-based programs that develop resiliency and enable younger generations to lead bright futures with the launch of SMBC Building Resilient Futures (BRF), announced today.

Key Points: 
  • The Sumitomo Mitsui Banking Corporation (SMBC) Global Foundation, part of SMBC Group, is helping increase access to outdoor-based programs that develop resiliency and enable younger generations to lead bright futures with the launch of SMBC Building Resilient Futures (BRF), announced today.
  • SMBC’s pilot commitment will support an estimated 750 youths this year, in partnership with American Camp Association, Change Summer, and Outward Bound.
  • The partnership will offer access to outdoor programs that aim to enhance confidence, character, and well-being through a deeper connection to peers and the outdoors.
  • Following the inaugural BRF cohort, SMBC plans to expand the program to serve more young people across the Americas.

Cadiz, Inc. and Heerema IGS Announce Financing Agreement to Drive Growth

Retrieved on: 
Wednesday, February 21, 2024
Filtration, Water supply, Senior, LOS, Finance Secretary (India), BRF, Growth, Social responsibility, Carbon, HVO, Hydrotreated vegetable oil, Cádiz, PIK, Water, Wind, Renewable energy

LOS ANGELES and GENEVA, Feb. 21, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") and Heerema International Group Services BV ("Heerema"), the Company's largest shareholder, are pleased to announce a new financing agreement to support growth and capital investments in the Company's water supply, pipeline, filtration and storage assets. Under the agreement, Heerema will acquire the Company's $21.2 million Senior Secured Loan held by BRF Finance Co., LLC, ("BRF") and provide the Company an additional $20 million to support capital investments and growth. The Maturity Date of the combined $41.2 million Senior Secured Loan will be extended to 6/30/2027.  As part of the agreement, the holders of the Company's existing $16 million Junior Convertible Loan have also agreed to extend their Maturity Date to 6/30/27. Following the transaction, the Company will have no debt due prior to 2027. 

Key Points: 
  • LOS ANGELES and GENEVA, Feb. 21, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") and Heerema International Group Services BV ("Heerema"), the Company's largest shareholder, are pleased to announce a new financing agreement to support growth and capital investments in the Company's water supply, pipeline, filtration and storage assets.
  • Under the agreement, Heerema will acquire the Company's $21.2 million Senior Secured Loan held by BRF Finance Co., LLC, ("BRF") and provide the Company an additional $20 million to support capital investments and growth.
  • As part of the agreement, the holders of the Company's existing $16 million Junior Convertible Loan have also agreed to extend their Maturity Date to 6/30/27.
  • "Heerema's vision is aligned with Cadiz in every respect, and we believe in the Company's future," said Pieter Heerema.

KBRA Assigns AA+ Rating to State of Connecticut General Obligation Bonds 2024 Series A, B and C; Affirms Rating for Parity Bonds

Retrieved on: 
Thursday, December 7, 2023
Banking, Professional Services, Finance, Issuer, KBRA, Employment, Jules Kroll, State, BRF, European, Surety, Growth, General obligation bond, Security (finance)

KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Connecticut: General Obligation Bonds (2024 Series A); General Obligation Bonds (2024 Series B) (Social Bonds); and, General Obligation Refunding Bonds (2024 Series C) (Social Bonds).

Key Points: 
  • KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Connecticut: General Obligation Bonds (2024 Series A); General Obligation Bonds (2024 Series B) (Social Bonds); and, General Obligation Refunding Bonds (2024 Series C) (Social Bonds).
  • KBRA additionally affirms the long-term rating of AA+ with a Stable Outlook for the State's outstanding General Obligation Bonds.
  • Strong financial management framework and recent extension of enhanced statutory fiscal guardrails through at least FY 2028 position the State for strong operating results.
  • However, the State borrows for many local purposes and the comparison on a combined state and local basis is more moderate.

Advanced Tech Crete Announces Patent Filing For "Binder Reducing Formula" To Enable Sustainable Concrete

Retrieved on: 
Tuesday, November 14, 2023
Carbon, Research, ATC, Registry, The New Science, SCMS, ASTM, CO2, BRF, Concrete, Workflow, ASI, Certification, Environment, Patent, Cement, Verra

"We built a world-class concrete testing lab and know that our product is one of the few real solutions for the decarbonization of concrete that is available TODAY," said Frank Caruso, co-founder of Advanced Tech Crete.

Key Points: 
  • "We built a world-class concrete testing lab and know that our product is one of the few real solutions for the decarbonization of concrete that is available TODAY," said Frank Caruso, co-founder of Advanced Tech Crete.
  • According to Caruso, after more than three years of research and development, Advanced Tech Crete has cracked the code with a product that uses less cement powder, reduces CO2, and maintains the mechanical strength of concrete.
  • Dubbed "The New Science of Concrete ™" Advanced Tech Crete Binder Reducing Formula (BRF) is simply added to a typical ready-mix truck at the plant or onsite requiring no change in workflow.
  • For inquiries about this release or Advanced Tech Crete, contact [email protected]

BALDWIN RICHARDSON FOODS NAMES ERIN TOLEFREE CEO AND PRESIDENT

Retrieved on: 
Wednesday, October 25, 2023
Steps, Cream, BRF, Charitable organization, QSR, Food industry, The J.M. Smucker Company, Macdonald, CPG, Food, National accounts, Family, Rochester, Chairperson, Acquisition, Customer, Fast-food restaurant, Senior, Rochester Regional Health, COVID-19, Partnership, Business, Quaker Oats Company, Fast-moving consumer goods, Spelman College, Babson College, Foodservice, McDonald's, ESL Federal Credit Union, Kellogg's, Management, Nursing

ROCHESTER, N.Y., Oct. 25, 2023 /PRNewswire/ -- Baldwin Richardson Foods, a leading manufacturer of food and beverage ingredients and one of the largest African-American family-owned and operated businesses in the food industry, has announced Erin M. Tolefree as President and CEO. Baldwin Richardson Foods supplies some of the world's most iconic Consumer Packaged Goods (CPG), Quick Service Restaurant (QSR) and Food Service brands across the industry.

Key Points: 
  • After Facilitating Record Growth as President, Tolefree Steps Into CEO Role
    ROCHESTER, N.Y., Oct. 25, 2023 /PRNewswire/ -- Baldwin Richardson Foods , a leading manufacturer of food and beverage ingredients and one of the largest African-American family-owned and operated businesses in the food industry, has announced Erin M. Tolefree as President and CEO.
  • Baldwin Richardson Foods began in 1992 when Eric G. Johnson, outgoing CEO, purchased Baldwin Ice Cream Co. and significantly grew its sales and distribution.
  • In 1997, Baldwin Ice Cream acquired Richardson Foods from The Quaker Oats Company and became Baldwin Richardson Foods.
  • "We celebrate the accomplishments that have contributed to our successful and consistent growth, and I'm honored to lead the charge in advancing Baldwin Richardson Foods' evolution as an industry leader," said Erin Tolefree, CEO of Baldwin Richardson Foods.

CGTN: How has BRI become a popular platform for international cooperation?

Retrieved on: 
Friday, October 20, 2023
BRF, Underdevelopment, Knowledge, Global North and Global South, Capacity building, Bangladesh Technical Education Board, Center for Financial Studies, Belt and Road Initiative, Hydro, Belt, Permanent Delegate of Colombia to the United Nations Educational, Scientific and Cultural Organization, History, Multilateralism, United Nations, Civilization, Wind, Developed country, Speech, Growth, Plant, Belt and Road Forum for International Cooperation, Xi, BRI, Economic development, GCI, Renewable energy, Drug, Road

"And that is what is the two real poles in the world today," he added.

Key Points: 
  • "And that is what is the two real poles in the world today," he added.
  • Over the past 10 years, the BRI has evolved from ideas into actions and from a vision into reality.
  • Speeding trains and trucks have become trade symbols in the new era, just like camel caravans in the past.
  • Hydro stations and wind plants have helped in removing the development bottleneck for developing countries.

CGTN: How has BRI become a popular platform for international cooperation?

Retrieved on: 
Friday, October 20, 2023
BRF, Underdevelopment, Knowledge, Global North and Global South, Capacity building, Bangladesh Technical Education Board, Center for Financial Studies, Belt and Road Initiative, Hydro, Belt, Permanent Delegate of Colombia to the United Nations Educational, Scientific and Cultural Organization, History, Multilateralism, United Nations, Civilization, Wind, Developed country, Multimedia, Speech, Growth, Plant, Belt and Road Forum for International Cooperation, Xi, BRI, Economic development, GCI, Renewable energy, Drug, Road

"And that is what is the two real poles in the world today," he added.

Key Points: 
  • "And that is what is the two real poles in the world today," he added.
  • Over the past 10 years, the BRI has evolved from ideas into actions and from a vision into reality.
  • Speeding trains and trucks have become trade symbols in the new era, just like camel caravans in the past.
  • Hydro stations and wind plants have helped in removing the development bottleneck for developing countries.

Global Times: BRI brings people together, builds trust and makes common efforts to build world a better place: former Kyrgyz PM

Retrieved on: 
Thursday, October 19, 2023
BRF, Belt and Road Initiative, Belt, Global Times, Civilization, Multilateralism, Belt and Road Forum for International Cooperation, Interview, Silk Road, Shadow, BRI, Real-time, The New Great Game, Rail freight transport, Djoomart Otorbaev

During the first 10 years, the BRI became a real global initiative.

Key Points: 
  • During the first 10 years, the BRI became a real global initiative.
  • "Soon, Central Asia will transform itself from a landlocked to a land-connected area, not only in West-East connection but in North-South, as well."
  • It will be very bright, efficient result of the initiative, especially important for Central Asia," he said.
  • The BRI has not yet become an enormous contributor to our economy, but it will come."

Global Times: BRI provides clear path for world in turbulence to restore 'peace, development'

Retrieved on: 
Thursday, October 19, 2023
BRF, TASS, Central Television, Prosperity, Belt, Global Times, Hope, Multilateralism, CGTN, Fudan University, China Central Television, Interview, Speech, Xinhua News Agency, National Congress, COVID-19, Belt and Road Forum for International Cooperation, BRI, Real-time, China Foreign Affairs University, Common Development and Distribution License, Investment, Foreign minister, National Congress of the Chinese Communist Party, Communist party, Cryptocurrency, Renewable energy, Tourism

The BRF this year will be held under the theme "High-quality Belt and Road Cooperation: Together for Common Development and Prosperity."

Key Points: 
  • The BRF this year will be held under the theme "High-quality Belt and Road Cooperation: Together for Common Development and Prosperity."
  • "In 2008-2011, the world had just experienced the global financial crisis, and the developed economies had stagnated," Huang Renwei, executive director-general of the Fudan Institute for Belt and Road and Global Governance, told the Global Times on Sunday.
  • Through the BRI, China used its investments, technologies and infrastructure projects to link more and more developing countries, Huang noted.
  • It seeks to improve and reform globalization and global governance, especially when world peace and development are facing serious challenges and global post-pandemic recovery is fragile.

Global Times: Xi meets world leaders in Beijing as BRF kicks off; China's massive diplomatic event attracts global attention

Retrieved on: 
Thursday, October 19, 2023
BRF, Jawad al-Assadi, Global North and Global South, Diplomacy, Education, Belt and Road Initiative, Global Times, Courage, Multilateralism, Research, Belt and Road Forum for International Cooperation, Republic, Xinhua News Agency, Growth, Divisional commissioner, Xi, BRI, Real-time, China Foreign Affairs University, UN, Communication, Drug, Renewable energy, Entertainment, Management, Tourism, Belt

The BRI is a popular public good that China has contributed to the world, and the initiative has now become even more important and influential, he added.

Key Points: 
  • The BRI is a popular public good that China has contributed to the world, and the initiative has now become even more important and influential, he added.
  • The BRI provides the economic foundation for the Global South, connecting related countries and forming new and bigger markets, Huang said.
  • "The China-Pakistan Economic Corridor was announced as a flagship project of the BRI, and it has shown the tangible results.
  • This can be seen from the active participation of state leaders and the general public in studying and exchanging with China."