Citizens Bank

DataBank Establishes $725 Million Financing to Support the Next Phase of Expansion

Retrieved on: 
Tuesday, April 9, 2024
Bank of America, PUE, Data, Green bond, TD Securities, Nomura Securities, Goldman Sachs, JPMorgan Chase, Power usage effectiveness, CoBank, Acquisition, A.I, Carbon, Preferred Bank, Water, Citizens Bank, RBC Capital Markets, Cryptocurrency

DALLAS, April 9, 2024 /PRNewswire/ -- DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. 

Key Points: 
  • Flexible financing vehicle will allow company to accelerate construction projects to meet surging demand for data center capacity driven by A.I.
  • The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas.
  • The financing provides an attractively priced source of capital that is a long-term and scalable solution to meet accelerating demand for capacity within DataBank's footprint.
  • This also will represent DataBank's second green financing, following closely on the heels of the February 2024 Green Bond.

Matador Resources Company Announces Amendment to Its Credit Facility and Completion of Natural Gas Pipeline Connections

Retrieved on: 
Monday, March 25, 2024
Oil, Gas, Energy, Natural gas, PNC Financial Services, Capital One, Acquisition, Toronto-Dominion Bank, Wells Fargo, Bullfighter, Citizens Bank, Petroleum

Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks.

Key Points: 
  • Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks.
  • “Both pipeline additions, which include over 20 miles of natural gas pipeline, will enable Matador to more effectively gather and transport natural gas production from the 21 Dagger Lake South wells, which are expected to be turned-to-sales in the second quarter of 2024.
  • The natural gas pipeline connection between Pronto Midstream and San Mateo can flow natural gas in either direction to optimize market conditions.
  • These natural gas pipeline connections will assist in the execution of our strategic priorities for our production, including record Matador production in 2024, as our guidance has indicated.”

Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas

Retrieved on: 
Monday, March 18, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Avenue, Citizenship, Citizens Bank, Real estate, Paramount Group

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan.
  • With this lease signing, the Company has made further progress leasing vacant space at 1301 Avenue of the Americas.
  • “This new lease builds on the momentum of recent leasing activity along Avenue of the Americas, and in our portfolio specifically.
  • Paramount Club, located at 1301 Avenue of the Americas, is a members only club created for corporate employees across our New York portfolio.

Blend Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Professional Services, Technology, Software, Finance, Fintech, Internet, Banking, Growth, Retail banking, ...Continued, BLND, Mortgage Bankers Association, GAAP, Citizens Bank, Total, Fannie Mae, Bank

Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2023 financial results.

Key Points: 
  • Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2023 financial results.
  • “Despite a challenging market environment, Blend has achieved substantial progress on our three strategic priorities over the course of 2023,” said Nima Ghamsari, Head of Blend.
  • Total company revenue in 2023 was $156.8 million, composed of Blend Platform segment revenue of $109.5 million and Title segment revenue of $47.3 million.
  • Non-GAAP Blend Platform segment gross profit was $77.4 million in 2023, up from $76.3 million in 2022.

WSFS Announces Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader

Retrieved on: 
Thursday, March 14, 2024
Banking, Asset Management, Professional Services, Finance, American Heart Association, Organization, Liberty, Humanity, Business administration, WSFS, USO, WSFS Bank, Senior, KeyBank, Biology, United States Air Force, Commerce, Capital market, Master of Business Administration, Community, Citizens Bank, Wells Fargo, Colorado State University

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.

Key Points: 
  • WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets.
  • In his role, Tranfalia will support and develop a team of Middle Market Relationship Managers to retain and deepen existing Middle Market relationships, acquire new relationships, and in general promote the WSFS Middle Market brand.
  • “We are excited for the experience and expertise Jamie brings to the Middle Market Team and our Customers,” said Gise.
  • “I look forward to helping grow WSFS’ market share and serving our Customers and their evolving needs.”
    Prior to joining WSFS, Tranfalia was Market President and Middle Market Team Leader at KeyBank, where he oversaw customer service and business development throughout Eastern Pennsylvania and Southern New Jersey.

Recast Capital Announces Spring Cohort for 2024 Enablement Program

Retrieved on: 
Tuesday, March 26, 2024
Banq, Partner (business rank), Environment, LP record, Enablement, Citizens Bank

NEW YORK, March 26, 2024 /PRNewswire/ -- Recast Capital, a platform dedicated to investing in and supporting emerging managers in venture, today announced the eighth cohort of its Enablement Program.

Key Points: 
  • Designed from feedback from the emerging manager community, the tuition-free initiative aims to support the next generation of venture capitalists
    NEW YORK, March 26, 2024 /PRNewswire/ -- Recast Capital , a platform dedicated to investing in and supporting emerging managers in venture, today announced the eighth cohort of its Enablement Program .
  • The program is supported in 2024 by Gunderson Dettmer, Strut Consulting, Antares Capital, Banc of California, Citizens Bank, Cornerstone Fund Services, Frank, Rimerman & Co., and Sydecar, among others.
  • "In light of the current fundraising environment for emerging managers, programs like Enablement are all the more imperative," says Recast Capital Co-Founder and Managing Partner, Sara Zulkosky.
  • The Recast Enablement Spring 2024 cohort includes:

Progress Announces Amended Credit Facility

Retrieved on: 
Thursday, March 7, 2024
Wells Fargo, PRGS, Citizens Bank, Bank, Growth, Chase Bank, Credit, Silicon, Progress, PNC Financial Services, Toronto-Dominion Bank, Citibank, Silicon Valley Bank, Bank of America, JPMorgan Chase

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) --  Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities. The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029. As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.  

Key Points: 
  • BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.
  • The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029.
  • As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.
  • Progress CFO Anthony Folger stated, “This new credit facility provides more scale and flexibility, both of which are important to support Progress’ continued growth.

Fluent Announces Expected Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024
Acquisition, Citizens Bank, Investment, Growth, Fluency, Documentation, Internet, Webcast, Acceleration, Security (finance), Bank statement, Failure, Credit, Depreciation, Reinsurance

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported results for the expected fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today reported results for the expected fourth quarter and fiscal year ended December 31, 2023.
  • Our full year results also reflect our investments into growing higher quality consumer engagements designed to further establish Fluent as an industry leader in performance marketing.
  • We are creating more effective customer acquisition solutions for our clients, while positioning Fluent as a market leader.
  • Fluent, Inc. will announce in a subsequent press release the date and time of a conference call to discuss its 2023 fourth quarter and full-year financial results, and the means of accessing the call.

FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Payments, Technology, Finance, Software, Fintech, Bank of America, Growth, JPMorgan Chase, Chase Bank, Bank, Fleetcor, PLC, Citizens Bank, Scotiabank, Citibank, Wells Fargo, BofA Securities, National Association

The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.

Key Points: 
  • The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.
  • This amendment resulted in an increase to the Company’s revolver from $1.5 billion to $1.775 billion.
  • In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance.
  • FLEETCOR anticipates using the increased debt facility to drive earnings growth through both M&A and repurchasing FLEETCOR stock in 2024.

MAPay Launches Charitable Apierion Impact Fund To Combat Global Health Inequities and Names Atif Bostic Executive Director

Retrieved on: 
Wednesday, February 7, 2024
Fund Platform, Disease, Infant, African, Citizens Bank, Economic development, Sustainable Development Goals, Quality of life, SDG, Wells Fargo, American Heart Association, Organization, Transport

VOORHEES, N.J., Feb. 7, 2024 /PRNewswire/ -- MAPay LLC (soon to be Apierion), the global healthcare fintech company revolutionizing healthcare payments and data exchange with a distributed ledger, today announced the formation of a charitable impact fund to combat health inequities worldwide, led by economic development veteran Atif Bostic.

Key Points: 
  • The SDG Impact Fund and Apierion Impact Fund believe that humanity must transition into Regenerative Global Solutions that are adaptable, inclusive, and honorable — where no one is left behind.
  • The SDG Impact Fund and Apierion Impact Fund are committed to mobilizing the world's largest asset and capital resources to achieve prosperity for all.
  • "The Apierion Impact Fund is proud to be a component of the SDG Impact Fund, and we hope to propel our philanthropic efforts to new heights by joining forces," added Atif Bostic, Chief Executive Officer of The Apierion Impact Fund.
  • Atif Bostic is the newly named Executive Director and Lead Impact Steward of The Apierion Impact Fund.