Wells Fargo

Athene Prices $500 Million Investment Grade Notes Offering

Wednesday, April 1, 2020 - 1:15am

Athene Holding Ltd. (Athene) (NYSE: ATH) today announced it has agreed to sell $500 million of 6.150% senior unsecured notes due 2030 (the Notes).

Key Points: 
  • Athene Holding Ltd. (Athene) (NYSE: ATH) today announced it has agreed to sell $500 million of 6.150% senior unsecured notes due 2030 (the Notes).
  • Athene intends to use the net proceeds from the offering for general corporate purposes, including support of investment opportunities, organic and inorganic growth and our commitment to Athene Co-Invest Reinsurance Affiliate (ACRA).
  • Barclays, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as active joint book-running managers for the offering.
  • The Notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the SEC).

Wells Fargo Innovation Incubator Announces Partner Awards to Support Network of Cleantech Startup Champions

Tuesday, March 31, 2020 - 1:15pm

The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energys National Renewable Energy Laboratory (NREL), today announced eight new Channel Partner Award winners.

Key Points: 
  • The Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energys National Renewable Energy Laboratory (NREL), today announced eight new Channel Partner Award winners.
  • View the full release here: https://www.businesswire.com/news/home/20200331005098/en/
    Wells Fargo Innovation Incubator Announces Partner Awards to Support Network of Cleantech Startup Champions (Photo: Business Wire)
    This years submissions were selected on a competitive basis by evaluating their potential for STEM job creation, impact on cleantech and agtech sectors, ability to leverage the IN2 network, and funding sustainability.
  • The Wells Fargo Innovation Incubator (IN2) is a $30 million technology incubator and platform funded by the Wells Fargo Foundation.
  • Wells Fargo team members also actively support communities by donating more than 2 million hours of volunteer time in the last year.

i2c Appoints Banking Executive Tracy Seng to Lead Client Success

Tuesday, March 31, 2020 - 1:05pm

i2c Inc. , a leading provider of payment and open banking technology, today announced the appointment of banking veteran Tracy Seng as EVP, Head of Global Client Success at i2c, responsible for leading account management, program management and advisory services to help clients grow their business and deliver bottom-line revenue and profitability.

Key Points: 
  • i2c Inc. , a leading provider of payment and open banking technology, today announced the appointment of banking veteran Tracy Seng as EVP, Head of Global Client Success at i2c, responsible for leading account management, program management and advisory services to help clients grow their business and deliver bottom-line revenue and profitability.
  • Seng reports to i2c President Jim McCarthy and is based at i2c headquarters in Silicon Valley.
  • View the full release here: https://www.businesswire.com/news/home/20200331005023/en/
    i2c Inc. Appoints Tracy Seng EVP, Head of Global Client Success (Photo: Business Wire)
    A 20+ year payments and client services veteran with senior leadership roles in account management, industry relations and merchant acquiring, Seng served 15 years at Wells Fargo as SVP, Segment Business Leader Account Management and Industry Relations.
  • i2c identifies our success with that of our clients, said Jim McCarthy, President, i2c Inc. We are delighted to welcome such a recognized client advocate to i2c as we continue our global expansion.

Ventas Announces Pricing of Senior Notes Offering

Monday, March 30, 2020 - 10:40pm

Ventas, Inc. (NYSE: VTR) (Ventas or the Company) announced today that it has priced a public offering of $500 million aggregate principal amount of 4.750% Senior Notes due 2030 (the Notes) at 97.862% of the principal amount.

Key Points: 
  • Ventas, Inc. (NYSE: VTR) (Ventas or the Company) announced today that it has priced a public offering of $500 million aggregate principal amount of 4.750% Senior Notes due 2030 (the Notes) at 97.862% of the principal amount.
  • The Notes are being issued by Ventas Realty, Limited Partnership (Ventas Realty), a wholly owned subsidiary of the Company, and will be guaranteed, on a senior unsecured basis, by the Company.
  • The sale of the Notes is expected to close on April 1, 2020, subject to customary closing conditions.
  • BofA Securities, Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering of the Notes.

Northern Trust Appoints Stephen Miyabe to Lead Pasadena Market

Monday, March 30, 2020 - 5:15pm

Northern Trust Wealth Management announced today it has appointed Stephen Miyabe as Senior Managing Director for the Pasadena market and surrounding communities.

Key Points: 
  • Northern Trust Wealth Management announced today it has appointed Stephen Miyabe as Senior Managing Director for the Pasadena market and surrounding communities.
  • Stephen is the perfect leader to differentiate Northern Trusts unique advisory offering and build on our strong foundation in Pasadena, said Jason Lawit, Northern Trusts President of Los Angeles.
  • Miyabe joined Northern Trust in 2019 as the West Region Practice Lead for Estate Settlement Services.
  • Prior to Northern Trust, Miyabe served in roles at Wells Fargo in both the Estate Settlement and Wealth Planning departments.

Wells Fargo Closed-End Funds Declare Monthly Distributions

Friday, March 27, 2020 - 8:51pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

American Financial Group, Inc. Announces the Offering of $300 Million of Senior Notes

Thursday, March 26, 2020 - 9:19pm

American Financial Group, Inc. (NYSE: AFG) announced today the registered offering of $300 million of 5.250% Senior Notes (the Notes) due April 2, 2030.

Key Points: 
  • American Financial Group, Inc. (NYSE: AFG) announced today the registered offering of $300 million of 5.250% Senior Notes (the Notes) due April 2, 2030.
  • The closing of the offering of the Notes is expected to occur on April 2, 2020, and is subject to the satisfaction of customary closing conditions.
  • J.P. Morgan Securities LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

BWXT Announces Amendment to Credit Agreement

Wednesday, March 25, 2020 - 5:10pm

BWX Technologies, Inc. (NYSE: BWXT) (BWXT) announced today that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) (BWXT) announced today that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A.
  • Securing this amendment to our credit facility is an important step for BWXT, and we appreciate our banks working closely with us to deliver the additional commitments in spite of challenges in the current market environment, said David Black, senior vice president and chief financial officer.
  • Except as amended by the amendment, the remaining terms of the Facility remain in full force and effect.
  • In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

Mayflower Advisors Celebrates History & Education with Mayflower Sails 2020 Sponsorship

Tuesday, March 24, 2020 - 7:30am

BOSTON, March 24, 2020 /PRNewswire/ --Mayflower Advisors is proud to sponsor The Mayflower's ambitious restoration and steadfast commitment to education.

Key Points: 
  • BOSTON, March 24, 2020 /PRNewswire/ --Mayflower Advisors is proud to sponsor The Mayflower's ambitious restoration and steadfast commitment to education.
  • Mayflower Advisors Managing Partner Larry Glazer notes, "Mayflower Advisors salutes the courage, resilience and independence of The Mayflower'spassengers.
  • It is an honor to sponsor Mayflower Sails 2020's worthy mission to restore an American icon and educate generations to come."
  • www.wfafinet.com
    Mayflower Advisors, LLC is a separate entity from Wells Fargo Advisors Financial Network.

Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

Friday, March 20, 2020 - 10:40pm

Wells Fargo & Company (NYSE: WFC) today announced additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19.
  • Wells Fargo is working on a daily basis to put measures in place to support the needs of customers impacted by COVID-19 in the most effective ways possible.
  • Additionally, Wells Fargo continues to take the action needed to ensure it can best serve customers, while also prioritizing employee and customer safety.
  • News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories .