Wells Fargo

Ryman Hospitality Properties, Inc. Announces Closing of $1.0 Billion of 6.500% Senior Notes Due 2032

Retrieved on: 
Thursday, March 28, 2024
Convention center, Issuer, Sale, Regulation, Note, Wells Fargo, National Association, Ryman Hospitality Properties, Person, Security (finance)

NASHVILLE, Tenn., March 28, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), completed the previously announced private placement of $1.0 billion aggregate principal amount of 6.500% senior notes due 2032 (the “Notes”).

Key Points: 
  • NASHVILLE, Tenn., March 28, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that its subsidiaries, RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), completed the previously announced private placement of $1.0 billion aggregate principal amount of 6.500% senior notes due 2032 (the “Notes”).
  • The Notes are senior unsecured obligations of the Issuers and are guaranteed by the Company and the Company’s and the Operating Partnership’s subsidiaries that guarantee the Operating Partnership’s existing credit facility, the 4.750% senior unsecured notes due 2027, the 7.250% senior unsecured notes due 2028 and the 4.500% senior unsecured notes due 2029.
  • The aggregate net proceeds from the sale of the Notes are expected to be approximately $983 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses.
  • The Notes were not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

The number of Latino-owned businesses is growing 10x faster than White-owned businesses, as reported by the Stanford Graduate School of Business

Retrieved on: 
Wednesday, March 27, 2024
Bank of America, Growth, GSB, Bank, Research, Entrepreneurship, AI, Stanford University, Student, Woman, Male, PALO, Dell Technologies, Housing, Ecosystem, Surdna Foundation, Heart, JPMorgan Chase, Summit, Wells Fargo, Latina, Bottled water

In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.

Key Points: 
  • In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.
  • As shown in the graph, the 3-year (2020-2023) median compound annual growth rate was 8.7% for Latino-owned businesses versus just 5.6% for white-owned businesses.
  • Latinos are not only starting businesses faster and experiencing higher revenue growth rates but they are also creating more jobs with better benefits.
  • It’s important to highlight that Latinas are starting new businesses and growing revenues more rapidly than their male counterparts.

Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion

Retrieved on: 
Monday, April 8, 2024
Professional Services, Finance, Construction & Property, Asset Management, REIT, Banking, Slate, BofA Securities, Culture, BX, Growth, Goldman Sachs, Aimco, Simpson Thacher & Bartlett, LLP, Community, Wells Fargo, AIRC, AIR, Commercial property

Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (“Blackstone”) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.

Key Points: 
  • Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (“Blackstone”) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.
  • The transaction will strengthen the AIR mission to provide homes for others, be a great place to work, act as responsible stewards of AIR communities, and be a trusted partner to AIR investors.
  • The AIR team is grateful to Blackstone for the opportunity and for its faith in what can be accomplished working together,” said Terry Considine, President & CEO of AIR Communities.
  • Citigroup Global Markets Inc. is acting as AIR Communities’ financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as AIR Communities’ legal counsel.

Sila Realty Trust, Inc. to Pursue a Listing on the New York Stock Exchange

Retrieved on: 
Monday, April 8, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Health, Hospitals, Professional Services, REIT, Other Health, Wells Fargo, DRIP, SRP, Share repurchase, Holding company

The Company intends to list its common stock on the NYSE under the ticker symbol “SILA”.

Key Points: 
  • The Company intends to list its common stock on the NYSE under the ticker symbol “SILA”.
  • The listing is subject to, among other things, the Company meeting the NYSE listing requirements and receiving NYSE listing authorization, as well as market conditions.
  • There can be no assurance as to whether, or when, the listing may be completed.
  • Prior to listing the Company on the NYSE, on May 1, 2024, the Company will effectuate a 1-for-4 reverse stock split of all classes of common stock.

Blue Owl Capital Expands into Real Estate Finance with Acquisition of Prima Capital Advisors

Retrieved on: 
Tuesday, April 9, 2024
Real estate, HOM, Culture, Morgan Stanley, LLP, Acquisition, Scotiabank, Investment banking, Pleasure, Earnout, GIC, Blue Owl Capital, Pillsbury Winthrop Shaw Pittman, Wells Fargo, Kirkland & Ellis, J.P. Morgan & Co.

NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.

Key Points: 
  • NEW YORK, April 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors ("Prima") for the aggregate consideration of $170 million.
  • Prima, founded in 1992 by Gregory White, is a real estate lender focused primarily on investing in commercial mortgage-backed securities.
  • Blue Owl also announced that Jesse Hom, previously Global Head of Real Estate Credit at GIC, will join Blue Owl to lead the newly created Real Estate Finance strategy and serve as Chief Investment Officer for Blue Owl's Real Estate platform, reporting directly to Marc Zahr, Co-President of Blue Owl and Head of Real Estate.
  • Blue Owl Co-CEOs Doug Ostrover and Marc Lipschultz said: "This acquisition of Prima represents a further expansion of Blue Owl's suite of capital solutions, adding a differentiated and high-quality real estate lending capability and further diversifying our real estate platform.

PuroClean Continues to Grow Franchise Network with Nationwide Expansion

Retrieved on: 
Monday, April 8, 2024
Financial management, Culture, Organization, Team Rubicon, Command center, JPMorgan Chase, United States Africa Command, Travel, Research, Entrepreneurship, MBA, Superman, Cadell, Water damage, Wells Fargo, Family, UN, Tourism

TAMARAC, Fla., April 8, 2024 /PRNewswire/ -- PuroClean, one of the country's leading property restoration and remediation franchises, is thrilled to announce the addition of eight new franchise offices across five states in Q1 of 2024. This strategic expansion reinforces PuroClean's commitment to nationwide excellence and dedication to delivering top-tier services and support to diverse communities. PuroClean has kicked off 2024 with numerous honorable accolades, and the momentum continues as the brand secures prominent rankings in Franchise Direct's Top Global Franchises listing and beyond. 

Key Points: 
  • This strategic expansion reinforces PuroClean's commitment to nationwide excellence and dedication to delivering top-tier services and support to diverse communities.
  • PuroClean has kicked off 2024 with numerous honorable accolades, and the momentum continues as the brand secures prominent rankings in Franchise Direct's Top Global Franchises listing and beyond.
  • "We are thrilled to welcome our newest franchise owners to the PuroClean family," said Steve White, President and COO of PuroClean.
  • As PuroClean continues its rapid expansion across the nation, the brand's goal remains focused as it approaches the 500th unit mark, projected for the end of Q3.

Brookfield Renewable Announces $150 Million Green Perpetual Subordinated Note Issuance and Intention to Redeem Series 15 Preferred Units

Retrieved on: 
Monday, March 25, 2024
Brookfield Renewable Partners, BofA Securities, Natural gas, BEPC, Wells Fargo, Limited partnership, Partnership, BEP, Sale, Brookfield (corporation), Wind, Carbon, TSX, Investment, RBC Capital Markets, J.P. Morgan & Co., Security (finance)

BROOKFIELD, News, March 25, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) and Brookfield Renewable Corporation (NYSE, TSX: BEPC) (together with Brookfield Renewable Partners L.P., “Brookfield Renewable”) today announced the closing of the issuance of a series of $150 million of fixed rate green perpetual subordinated notes (the “sub notes”), which upon settling of a concurrently executed Canadian dollar swap have an effective coupon rate of 6.78%. The sub notes, which have a coupon of 7.25%, will be listed on the New York Stock Exchange under the symbol “BEPJ” and have the same accounting and rating treatment as our Preferred Limited Partnership (“LP”) Units.

Key Points: 
  • The sub notes will represent Brookfield Renewable’s thirteenth green labelled corporate securities issuance and the second issuance under Brookfield Renewable’s 2024 Green Financing Framework.
  • Brookfield Renewable intends to redeem all of its outstanding Series 15 Preferred Units (TSX: BEP.PR.O) for cash on April 30, 2024.
  • Holders of Series 15 Preferred Units of record as of April 15, 2024 will receive the previously declared final quarterly distribution of C$0.359375 per Series 15 Preferred Unit.
  • Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager with over $900 billion of assets under management.

Professional Diversity Network (PDN) Hosts Successful Virtual Career Fair for Women’s History Month

Retrieved on: 
Monday, March 25, 2024
PDN, International Association, Comcast, Female, Yamaha Motor Company, Workforce, Wells Fargo, Workplace, Internal Revenue Service, IAW

The event showcased two distinct pavilions:

Key Points: 
  • The event showcased two distinct pavilions:
    The Diversity Pavilion, open to candidates of all backgrounds and levels of experience, featured 19 companies.
  • The Engineering & Technology Pavilion, catering specifically to experienced candidates screened for designated roles featured 10 companies.
  • Among the prominent companies participating were Internal Revenue Service, Yamaha Motor Corporation, Acushnet, Comcast, Abbvie, and Wells Fargo.
  • Attendees also had the opportunity to enhance their resumes through workshops and individual reviews provided by two expert resume reviewers.

Ibotta Files Registration Statement for Proposed Initial Public Offering

Retrieved on: 
Friday, March 22, 2024
BofA Securities, JMP, UBS, Exchange, Goldman Sachs, Wells Fargo, Form, Telephone, Sale, Attention, Prospectus, Bank of America, Evercore, Security (finance)

DENVER, March 22, 2024 (GLOBE NEWSWIRE) -- Ibotta, a leading technology company providing digital promotions and performance marketing solutions, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

Key Points: 
  • DENVER, March 22, 2024 (GLOBE NEWSWIRE) -- Ibotta, a leading technology company providing digital promotions and performance marketing solutions, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
  • The number of shares to be offered and the price range for the proposed offering have not yet been determined.
  • Ibotta intends to list its Class A common stock on the New York Stock Exchange under the symbol "IBTA."
  • Citizens JMP, Needham & Company and Raymond James will act as co-managers for the proposed offering.

Ryman Hospitality Properties, Inc. Announces Upsizing and Pricing of $1.0 Billion of Senior Notes Due 2032

Retrieved on: 
Thursday, March 21, 2024
Convention center, Issuer, Sale, Regulation, Note, Wells Fargo, National Association, Ryman Hospitality Properties, Person, Security (finance)

The aggregate principal amount of the Notes to be issued in the offering was increased to $1.0 billion from the previously announced $800.0 million.

Key Points: 
  • The aggregate principal amount of the Notes to be issued in the offering was increased to $1.0 billion from the previously announced $800.0 million.
  • The Notes will be senior unsecured obligations of the Issuers and guaranteed by the Company and its subsidiaries that guarantee its existing credit facility, 4.750% senior unsecured notes due 2027, 7.250% senior unsecured notes due 2028 and 4.500% senior unsecured notes due 2029.
  • Subject to customary closing conditions, the Issuers expect the private placement of the Notes to close on March 28, 2024.
  • There can be no assurance that the offering of the notes will be consummated.