HSBC Bank USA

KORU Medical Systems, Inc. Announces 2023 Fourth Quarter, Full Year Financial Results, and 2024 Guidance

Retrieved on: 
Wednesday, March 13, 2024
Medical Devices, Health, Pharmaceutical, Health Technology, Medical Supplies, Research, Certification, NRE, Growth, EPS, HSBC Bank USA, Calendar, GAAP, HSBC Bank, ID, Information management, BSI, Bank

Gross profit increased $1.3 million or 8.7% for the year ended December 31, 2023, compared to the same period in 2022.

Key Points: 
  • Gross profit increased $1.3 million or 8.7% for the year ended December 31, 2023, compared to the same period in 2022.
  • Allowing for a one-time inventory adjustment for a product discontinuation, adjusted gross margin for the year ended 2023 was 59.6%.
  • This new debt facility provides KORU Medical with additional capital flexibility to support a reserve for growth and strategic opportunities.
  • Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results.

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

HSBC USA Announces Appointment of Edith Avilés to its Boards of Directors

Retrieved on: 
Wednesday, February 7, 2024
Banking, Professional Services, Finance, Business administration, Multimedia, HSBC, American studies, JPMorgan Chase, Master, Audit, BNP Paribas, Stanford University, HSBC Bank USA, Executive Committee, Corporation, Treasury, University of Pennsylvania, Bryn Mawr College, Leveraged buyout, HSBC Bank, Latin American studies, University, Master of Arts, Organization, Woman

HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A.

Key Points: 
  • HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A.
  • (HBUS) Boards of Directors, effective January 1.
  • View the full release here: https://www.businesswire.com/news/home/20240207501418/en/
    Avilés has 30 years of investment banking experience across US, European and Latin American markets.
  • Since January 2023, Avilés has served as an independent director and member of the Audit and Finance Committees of The Scotts Miracle-Gro Company.

PRA Group Names Keith Warren as New Head of Risk and Compliance

Retrieved on: 
Monday, January 22, 2024
CRCO, JPMorgan Chase, HSBC Bank USA, Bank, PRA Group, University, University of Richmond, Barclays, Bank of America, TransUnion, Wells Fargo, HSBC Bank, Atal, Virginia Bar Association, Syracuse University, Management

NORFOLK, Va., Jan. 22, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO) , effective Jan. 29.

Key Points: 
  • NORFOLK, Va., Jan. 22, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO) , effective Jan. 29.
  • Warren will report directly to Atal and serve as a member of the Senior Leadership Team.
  • "I am excited to join PRA Group and contribute to its important work strengthening the global economy," said Warren.
  • Warren, who will oversee enterprise-wide risk, compliance and risk governance at PRA Group, has more than 30 years of compliance, legal and operational risk leadership experience across multiple consumer banking and business products and control functions.

PRA Group Names Keith Warren as New Head of Risk and Compliance

Retrieved on: 
Monday, January 22, 2024
CRCO, JPMorgan Chase, HSBC Bank USA, Bank, PRA Group, University, University of Richmond, Barclays, Bank of America, TransUnion, Wells Fargo, HSBC Bank, Atal, Virginia Bar Association, Syracuse University, Management

NORFOLK, Va., Jan. 22, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO) , effective Jan. 29.

Key Points: 
  • NORFOLK, Va., Jan. 22, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO) , effective Jan. 29.
  • Warren will report directly to Atal and serve as a member of the Senior Leadership Team.
  • "I am excited to join PRA Group and contribute to its important work strengthening the global economy," said Warren.
  • Warren, who will oversee enterprise-wide risk, compliance and risk governance at PRA Group, has more than 30 years of compliance, legal and operational risk leadership experience across multiple consumer banking and business products and control functions.

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Retrieved on: 
Tuesday, November 28, 2023
Banking, Professional Services, Finance, Facility, Todeschini, 61C, MUFG Bank, HSBC Bank USA, Société Générale, Investment banking, Financial management, Valley Bank, HSBC Bank, Wells Fargo, Renewable energy

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).

Key Points: 
  • Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).
  • The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
  • Benjamin Sutton, 61C’s CEO, commented: “This refinancing, achieved amidst a challenging credit environment, underscores our lending partners' confidence in 61C's performance and growth potential.
  • “Their commitment, particularly within a tight credit market, is testament to 61C's robust financial management and strategic vision.

Click Therapeutics Secures $20 Million Debt Financing from HSBC

Retrieved on: 
Monday, November 6, 2023
Mental Health, Health, Technology, Neurology, Software, Artificial Intelligence, Biotechnology, Digital, MDD, Health care, DSM-IV codes, Business development, Migraine, Swanson v. Citibank N.A., Schizophrenia, HSBC Bank, Therapy, Investment, HSBC Bank USA, Pharmaceutical industry

Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.

Key Points: 
  • Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.
  • The term loan was partially drawn at closing, with the proceeds used to retire Click’s previous term loan.
  • “The last few years have been a period of tremendous growth for Click, and we could not be more excited to partner with HSBC Innovation Banking, a leader in the innovation economy,” said Randall Stanicky, Chief Financial Officer of Click Therapeutics.
  • Click is also progressing its lead internal program for the preventive treatment of migraine with pivotal data expected in 2024.

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