Wells Fargo

H2O.ai Inaugurates GenAI World for Public Sector to Spur Growth and Innovation of Generative AI for Government Departments and Agencies

Retrieved on: 
Tuesday, February 27, 2024

H2O.ai, the open source leader in Generative AI and machine learning, continues its world tour of bringing GenAI World conferences to new sectors to further democratize AI.

Key Points: 
  • H2O.ai, the open source leader in Generative AI and machine learning, continues its world tour of bringing GenAI World conferences to new sectors to further democratize AI.
  • An Overview of the NIST AI Risk Management Framework by Patrick Hall, Professor for AI Risk, The George Washington University.
  • These training sessions will cover GenAI use cases using public sector data, LLM benchmarking and evaluation best practices, GenAI interpretability, governance frameworks and model validation.
  • Founded in 2012, H2O.ai is at the forefront of the AI movement to democratize Generative AI.

Laser Photonics Welcomes New Independent Director and Chair With Strong Background in Energy, Manufacturing, Military and Government

Retrieved on: 
Tuesday, February 27, 2024

Laser Photonics Corporation (LPC), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, recently announced that Carlos M. Gonzalez has been appointed independent director and chairman of its Audit Committee.

Key Points: 
  • Laser Photonics Corporation (LPC), a leading global developer of CleanTech laser systems for laser cleaning and other material applications, recently announced that Carlos M. Gonzalez has been appointed independent director and chairman of its Audit Committee.
  • The newly appointed member, Gonzalez, commented, "I look forward to serving in such an important role for such an innovative company.
  • I hope to contribute to Laser Photonics' success in whatever way I can."
  • Before joining Laser Photonics as a chairman and independent director, Gonzalez held several financial and management roles in support of manufacturing, energy and international trade companies such as Global Pangermex, Unified Energy Solutions Inc. and Sfinkx Corporation.

GoldenTree Asset Management Announces Closing of $449 Million CLO Under GLM Strategy

Retrieved on: 
Monday, February 26, 2024

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.

Key Points: 
  • GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.
  • With the closing of this CLO, GoldenTree Loan Management US CLO 19 (“GLM US CLO 19”), GoldenTree has issued 25 CLOs totaling over $14 billion under its GLM CLO strategy.
  • Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations.
  • GLM US CLO 19 will initially be backed by a 96% ramped $434 million portfolio of primarily senior secured loans as of closing and will have a five-year reinvestment period and a two-year non call period.

TPG Announces Public Offering of Senior Notes and Fixed-Rate Junior Subordinated Notes

Retrieved on: 
Tuesday, February 27, 2024

TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, intends to offer senior notes due 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.

Key Points: 
  • TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, intends to offer senior notes due 2034 (the “senior notes”) and fixed-rate junior subordinated notes due 2064 (the “junior subordinated notes”) in separate registered public offerings, subject to market and other conditions.
  • The senior notes and junior subordinated notes will each be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.
  • The Issuer intends to grant the underwriters of the junior subordinated notes a 30-day option to purchase additional junior subordinated notes solely to cover over-allotments, if any.
  • The senior notes offering and junior subordinated notes offering are being conducted as separate public offerings by means of separate prospectus supplements filed as part of the shelf registration statement, and neither of these offerings is contingent upon consummation of the other.

BA INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that The Boeing Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Monday, February 26, 2024

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against The Boeing Company (“Boeing” or “the Company”) (NYSE: BA) and certain of its officers.

Key Points: 
  • Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against The Boeing Company (“Boeing” or “the Company”) (NYSE: BA) and certain of its officers.
  • or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
  • If you suffered a loss in Boeing you have until April 1, 2024, to request that the Court appoint you as lead plaintiff.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

Vestis Announces Completion of Refinancing Transaction

Retrieved on: 
Thursday, February 22, 2024

Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 million 7-year Term Loan B.

Key Points: 
  • Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 million 7-year Term Loan B.
  • The transaction is net leverage neutral and extends the debt maturity by more than five years to 2031.
  • “We are pleased to announce a successful refinancing, with a Term Loan B structure that reflects our commitment to de-leveraging.
  • The refinancing transaction was led by Wells Fargo Securities, LLC.

Snowden Lane Partners Adds $208 Million Advisor Team to New York Headquarters

Retrieved on: 
Thursday, February 22, 2024

Snowden Lane Partners , an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that Ornella and Brian Solomon have joined the firm as Managing Directors, based in Snowden Lane’s New York City headquarters.

Key Points: 
  • Snowden Lane Partners , an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced that Ornella and Brian Solomon have joined the firm as Managing Directors, based in Snowden Lane’s New York City headquarters.
  • Together, the mother-son wealth management team will form The Lewis-Solomon Group with $208 million in client assets and have chosen Charles Schwab as their custodian.
  • “We’re thrilled to welcome Brian and Ornella to Snowden Lane,” said Rob Mooney, Managing Partner & CEO of Snowden Lane Partners.
  • The Financial Times named Snowden Lane to its elite FT 300 list for six straight years, recognizing Snowden Lane as one of the top independent RIA firms in the U.S.

SmartStop Self Storage REIT, Inc. Announces the Recast of its Multi-Currency Credit Facility

Retrieved on: 
Thursday, February 22, 2024

SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.

Key Points: 
  • SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.
  • The facility has an accordion feature permitting expansion of the Credit Facility up to $1.5 billion, subject to certain conditions.
  • Initial advances under the Credit Facility bear interest at a consistent pricing grid as the previous revolving credit facility.
  • The Huntington National Bank, Raymond James Bank and U.S. Bank National Association served as Documentation Agents for the Credit Facility.

NiSource Announces Two-Year $900 Million At-The-Market (ATM) Equity Issuance Program

Retrieved on: 
Thursday, February 22, 2024

NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025.

Key Points: 
  • NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025.
  • The offering is being made by means of a prospectus supplement to the prospectus contained in the registration statement.
  • Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about NiSource and the offering.
  • Potential investors may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.

CBRE Group, Inc. Announces Pricing of $500 Million Senior Notes Offering

Retrieved on: 
Tuesday, February 20, 2024

CBRE Group, Inc. (NYSE:CBRE) (the “Company”) today announced the pricing of the offering of $500 million in aggregate principal amount of 5.500% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • CBRE Group, Inc. (NYSE:CBRE) (the “Company”) today announced the pricing of the offering of $500 million in aggregate principal amount of 5.500% Senior Notes due 2029 (the “Notes”).
  • The Company’s wholly owned subsidiary, CBRE Services, Inc., will issue the Notes, which are guaranteed on a full and unconditional basis by the Company.
  • The Company estimates that the net proceeds from the offering will be approximately $495 million, after deducting the underwriters’ discounts and estimated offering expenses.
  • Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering of the Notes.