Toronto-Dominion Bank

Sandy Spring Bank Senior Vice President Elected President of Mortgage Trade Association

Retrieved on: 
Monday, March 11, 2024

OLNEY, Md., March 11, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank is pleased to announce that Malcolm Hollensteiner, Senior Vice President and Head of Residential Home Loan Production has been named the incoming President of the Board of Governors for the Maryland Mortgage Bankers and Brokers Association (MMBBA).

Key Points: 
  • OLNEY, Md., March 11, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank is pleased to announce that Malcolm Hollensteiner, Senior Vice President and Head of Residential Home Loan Production has been named the incoming President of the Board of Governors for the Maryland Mortgage Bankers and Brokers Association (MMBBA).
  • Hollensteiner, who manages mortgage production at Sandy Spring Bank, has more than three decades of experience in financial services, including stints at TD Bank and PNC Bank.
  • He holds a Bachelor of Arts degree from Harvard University and a Master of Science degree from West Virginia University.
  • “I'm excited to partner with mortgage professionals across the state as we look to enhance professional development resources and to increase the ranks of the association’s membership.”
    Sandy Spring Bank is a longtime member of the MMBBA, the professional trade association for mortgage lenders in Maryland.

Progress Announces Amended Credit Facility

Retrieved on: 
Thursday, March 7, 2024

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.

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter Ended December 31, 2023

Retrieved on: 
Wednesday, March 6, 2024

Total revenue was approximately $42.1 million and $41.3 million, for the three month periods ended December 31, 2023 and 2022, respectively.

Key Points: 
  • Total revenue was approximately $42.1 million and $41.3 million, for the three month periods ended December 31, 2023 and 2022, respectively.
  • For the twelve-month period ending December 31, 2023, total revenue increased to approximately $173.8 million, from approximately $166.1 million during the comparable period in 2022.
  • Hotel EBITDA decreased to approximately $10.3 million for the three months ended December 31, 2023, from approximately $11.9 million during the comparable period in 2022.
  • Dave Folsom, President and Chief Executive Officer of Sotherly Hotels Inc., commented, "In the fourth quarter, we continued to see improvements in overall hotel performance metrics.

VoltaGrid Secures Long-Term Capital Via a Combination of $550 Million Term Loan and $210 Million of Equity

Retrieved on: 
Monday, March 4, 2024

In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.

Key Points: 
  • In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.
  • The Credit Facility includes support from BMO Capital Markets, The Toronto-Dominion Bank, National Bank of Canada, Scotiabank and Cadence Bank.
  • Lastly, VoltaGrid is pleased to announce the closing of its follow-on equity raise of $210 million, which closed in the third quarter of 2023 and included investments from Longbow Capital Inc. (“Longbow”), CPP Investments and other strategic equity investors.
  • BMO Capital Markets Corp. and National Bank Financial Markets acted as Co-Lead Arrangers and Bookrunners and Bank of Montreal as Administrative Agent for the Credit Facility.

Verizon announces accepted amounts and pricing terms of its tender offers for five series of its debt securities

Retrieved on: 
Thursday, February 29, 2024

(2) Payable per each €1,000 principal amount of each specified series of Notes validly tendered at or prior to the Early Participation Date and accepted for purchase.

Key Points: 
  • (2) Payable per each €1,000 principal amount of each specified series of Notes validly tendered at or prior to the Early Participation Date and accepted for purchase.
  • Kroll Issuer Services Limited is acting as the Tender Agent and the Information Agent for the Offers.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.
  • In this communication Verizon has made forward-looking statements, including regarding the conduct and completion of the Offers.

Verizon announces cap increase and early participation results for tender offers for five series of its debt securities

Retrieved on: 
Thursday, February 29, 2024

The Offers will each expire at 4:00 p.m. (London time) on March 14, 2024, unless extended by Verizon.

Key Points: 
  • The Offers will each expire at 4:00 p.m. (London time) on March 14, 2024, unless extended by Verizon.
  • All conditions to the Offers were deemed satisfied by Verizon by the Early Participation Date, or timely waived by Verizon.
  • Accordingly, Verizon will settle all Notes validly tendered at or prior to the Early Participation Date and accepted for purchase, on March 4, 2024 (the “Early Settlement Date”).
  • The Total Consideration for each series of Notes includes an early participation payment of €50 per €1,000 principal amount of Notes.

Leaders of Toronto’s Professional Immigrant Associations and Employers Convene to Learn About the Impact of Underemployment on Immigrants and the Canadian Economy

Retrieved on: 
Monday, February 26, 2024

The event is designed to raise awareness about the impact of underemployment on immigrant professionals and the Canadian economy.

Key Points: 
  • The event is designed to raise awareness about the impact of underemployment on immigrant professionals and the Canadian economy.
  • The event will bring together employers, immigrant serving agencies, government representatives, and leaders of professional immigrant associations in the Greater Toronto Area (GTA) for an evening of knowledge sharing and networking.
  • TRIEC’s Professional Immigrant Networks (PINs) initiative, consists of 84 associations with a total membership of over 120,000 immigrant professionals in 22 different occupations and industries.
  • PINs associations are volunteer-led, member-based organizations with an employment focus, run by and for immigrant professionals.

TD Awards $5 Million to U.S. Organizations Addressing Systemic Barriers to Affordable Housing

Retrieved on: 
Tuesday, March 5, 2024

This year's recipients include five U.S. non-profit organizations providing innovative solutions that address systemic barriers to affordable housing across the continuum from transitional to permanent homes.

Key Points: 
  • This year's recipients include five U.S. non-profit organizations providing innovative solutions that address systemic barriers to affordable housing across the continuum from transitional to permanent homes.
  • The lack of affordable housing causes serious ripple effects that impact everything from health outcomes to educational opportunities to overall financial security," said Shelley Sylva, Head of U.S. Corporate Citizenship at TD Bank.
  • "Through the TD Ready Challenge, we're standing behind organizations with promising new ideas to address systemic barriers to permanent and stable housing in communities across our footprint and helping to create additional economic opportunities for all."
  • "Clarifi is proposing a multi-intervention strategy to address barriers to affordable and sustainable housing for low-to-moderate individuals and families in the Greater Philadelphia area.

Your Retail/Restaurant Success Story Begins here

Retrieved on: 
Wednesday, March 6, 2024

3,662 square feet of ground floor space, suitable for restaurant or retail, is available at Rowen.

Key Points: 
  • 3,662 square feet of ground floor space, suitable for restaurant or retail, is available at Rowen.
  • It is a prime, street-front location overlooking The Pinehills Village Green, perfectly situated to capitalize on the bustling energy of this mixed-use community.
  • View the full release here: https://www.businesswire.com/news/home/20240304804306/en/
    Your Restaurant Success Story Begins here.
  • Don't miss the excitement at Rowen, and this opportunity to become part of the dynamic commercial landscape at The Pinehills Village Green.

TD Bank Launches "Tap to Pay on iPhone" for Small and Micro Businesses

Retrieved on: 
Thursday, February 22, 2024

"By equipping small businesses with modern conveniences and more technology through solutions like Tap to Pay on TD Bank Mobile App, we're helping small businesses have a seamless payment experience that's better aligned to customer expectations."

Key Points: 
  • "By equipping small businesses with modern conveniences and more technology through solutions like Tap to Pay on TD Bank Mobile App, we're helping small businesses have a seamless payment experience that's better aligned to customer expectations."
  • "TD is on the front lines of our Main Street economies," said Amy Dinkar-Patel, Head of Small Business & Commercial Distribution at TD Bank.
  • With TD Online Accounting, TD customers can send digital invoices, accept debit and credit card payments, and streamline the cash flow and accounting of their TD Small Business Checking account.
  • For more information on TD Tap to Pay on TD Bank Mobile App, please visit: https://www.td.com/us/en/small-business/online-accounting/tap-to-pay-iphone