Banking

Cannae Holdings, Inc. Announces Investment in Austerlitz Acquisition Corporation I’s Recently Priced $600 Million Initial Public Offering

Banking, Professional services, Finance, Corporate finance, Financial economics, Finance, Money, Initial public offering, Options, Actuarial science, Underwriting, Warrant, Offering, Placement, Public offering
Friday, February 26, 2021 - 12:43am

Additionally, Cannae will invest $1.4 million in AUS for 933,333 private placement warrants at the initial public offering.

Key Points: 
  • Additionally, Cannae will invest $1.4 million in AUS for 933,333 private placement warrants at the initial public offering.
  • AUS recently priced its initial public offering of 60,000,000 units at a price of $10.00 per unit.
  • AUS has granted the underwriters of the offering a 45-day option to purchase up to an additional 9,000,000 units at the public offering price.
  • The Sponsor of AUS is Austerlitz Acquisition Sponsor, LP I, an affiliate of Trasimene Capital Management, LLC, led by William P. Foley, II.

Austerlitz Acquisition Corporation I Announces Pricing of Upsized $600 Million Initial Public Offering

Banking, Professional services, Finance, Stock market, Actuarial science, Underwriting, Security, Initial public offering, Finance, Money, Economy
Friday, February 26, 2021 - 12:40am

Austerlitz Acquisition Corporation I (the Company) today announced the pricing of its initial public offering of 60,000,000 units at a price of $10.00 per unit.

Key Points: 
  • Austerlitz Acquisition Corporation I (the Company) today announced the pricing of its initial public offering of 60,000,000 units at a price of $10.00 per unit.
  • The Company has granted the underwriters of the offering a 45-day option to purchase up to an additional 9,000,000 units at the public offering price.
  • The Sponsor of the Company is Austerlitz Acquisition Sponsor, LP I, an affiliate of Trasimene Capital Management, LLC, led by William P. Foley, II.
  • Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and BofA Securities are acting as joint book-running managers for the offering.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

Banking, Professional services, Finance, BNY Mellon, Economy of New York City, Companies, Finance, Mellon, Dreyfus Corporation, Insight Investment
Thursday, February 25, 2021 - 10:36pm

On February 25, 2021, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) today declared a distribution of $1.75 per share of common stock, payable on April 1, 2021 to shareholders of record at the close of business on March 11, 2021.

Key Points: 
  • On February 25, 2021, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (Ticker: XALCX) today declared a distribution of $1.75 per share of common stock, payable on April 1, 2021 to shareholders of record at the close of business on March 11, 2021.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management encompasses BNY Mellons affiliated investment management firms, wealth management organization and global distribution companies.
  • Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com .

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Banking, Professional services, Finance, BNY Mellon, Economy of New York City, Companies, Finance, Mellon, Investment management, Dreyfus Corporation, Insight Investment
Thursday, February 25, 2021 - 10:30pm

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on March 25, 2021 to shareholders of record at the close of business on March 11, 2021.

Key Points: 
  • BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.050 per share of common stock, payable on March 25, 2021 to shareholders of record at the close of business on March 11, 2021.
  • The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly income dividends.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management encompasses BNY Mellons affiliated investment management firms, wealth management organization and global distribution companies.

Sallie Mae Increases Price Range and Extends the Expiration Date of Cash Tender Offer to Purchase Up to $1 Billion in Value of Shares of its Common Stock

Professional services, Other Professional Services, Small business, Insurance, Finance, Consulting, Banking, Sallie Mae, SLM, Tender offer, Finance, Companies
Thursday, February 25, 2021 - 10:02pm

Sallie Mae (Nasdaq: SLM), formally SLM Corporation, announced today it is amending its previously announced tender offer (the Offer) to purchase up to $1 billion in aggregate purchase price of its outstanding shares of common stock, par value $0.20 per share (the Securities).

Key Points: 
  • Sallie Mae (Nasdaq: SLM), formally SLM Corporation, announced today it is amending its previously announced tender offer (the Offer) to purchase up to $1 billion in aggregate purchase price of its outstanding shares of common stock, par value $0.20 per share (the Securities).
  • Additionally, the Company announced that it is amending the Offer to extend the Expiration Date (defined below) from March 2, 2021 to March 10, 2021.
  • The Amended Offer Materials contain important information that holders are urged to read before any decision is made with respect to the Offer.
  • Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Deluxe President and CEO to Participate in J.P. Morgan, Sodoti Virtual Conferences in March

Banking, Accounting, Technology, Professional services, Marketing, Communications, Security, Software, Internet, Human resources, Finance, Video games, New York Stock Exchange, Second Life, Leveraged buyout
Thursday, February 25, 2021 - 10:10pm

Deluxe (NYSE: DLX), a Trusted Business Technology company, announced today that Barry McCarthy, President and Chief Executive Officer, will present in two upcoming virtual investor conferences.

Key Points: 
  • Deluxe (NYSE: DLX), a Trusted Business Technology company, announced today that Barry McCarthy, President and Chief Executive Officer, will present in two upcoming virtual investor conferences.
  • On Tuesday, March 2, McCarthy will present at the J.P. Morgan 2021 Global High Yield and Leveraged Finance Conference at 4:15 pm ET.
  • On Wednesday, March 24, McCarthy will speak at the Sidoti Spring 2021 Virtual Conference at 11:30 am ET.
  • Our reach, scale and distribution channels position Deluxe to be our customers most trusted business partner.

Bite Acquisition Corp. Announces Exercise of Underwriters’ Over-allotment Option in Connection With Its Initial Public Offering

Banking, Other Professional Services, Professional services, Finance, Financial markets, Stock market, Financial economics, Finance, Greenshoe, Initial public offering, Security, Underwriting, Offering, Stock, Subscription
Thursday, February 25, 2021 - 9:58pm

Bite Acquisition Corp. (the Company) announced today that the underwriters of its previously announced initial public offering of units have partially exercised their over-allotment option, resulting in the issuance of an additional 2,500,000 units at a public offering price of $10.00 per unit.

Key Points: 
  • Bite Acquisition Corp. (the Company) announced today that the underwriters of its previously announced initial public offering of units have partially exercised their over-allotment option, resulting in the issuance of an additional 2,500,000 units at a public offering price of $10.00 per unit.
  • After giving effect to the exercise of the option, an aggregate of 20,000,000 units have been issued in the initial public offering at an aggregate offering price of $200,000,000.
  • The units are listed on the New York Stock Exchange and trade under the ticker symbol BITE.U.
  • Registration statements relating to these securities were declared effective by the Securities and Exchange Commission (SEC) on February 11, 2021.

Pioneer Merger Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 1, 2021

Banking, Professional services, Finance, Finance, Financial markets, Financial economics, Corporate finance, Equity securities, Security, Stock market, Citigroup, Warrant
Thursday, February 25, 2021 - 9:43pm

Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Companys transfer agent, in order to separate the units into Class A ordinary shares and warrants.

Key Points: 
  • Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Companys transfer agent, in order to separate the units into Class A ordinary shares and warrants.
  • Citigroup Global Markets Inc. served as the sole book-running manager for the offering.
  • A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the SEC) on January 7, 2021.
  • The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Hope Bancorp to Participate in Piper Sandler’s 2021 Western Financial Services Conference

Banking, Professional services, Finance, Companies, Banks of the United States, Bank of Hope, Piper Sandler Companies, Economy of the United States
Thursday, February 25, 2021 - 9:39pm

Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Chairman, President & Chief Executive Officer Kevin S. Kim, Chief Financial Officer Alex Ko and Chief Credit Officer Peter Koh will be participating in virtual meetings with institutional investors as part of the Piper Sandler 2021 Western Financial Services Conference on Tuesday, March 2, 2021.

Key Points: 
  • Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Chairman, President & Chief Executive Officer Kevin S. Kim, Chief Financial Officer Alex Ko and Chief Credit Officer Peter Koh will be participating in virtual meetings with institutional investors as part of the Piper Sandler 2021 Western Financial Services Conference on Tuesday, March 2, 2021.
  • A copy of the investor presentation being used at the meetings will be available in the Investor Relations section of the Companys website at www.ir-hopebancorp.com beginning March 2, 2021.
  • Hope Bancorp, Inc. is the holding company of Bank of Hope, the first and only super regional Korean-American bank in the United States with $17.1 billion in total assets as of December 31, 2020.
  • Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law.