Wells Fargo

Finalists Selected for Nacha’s First 15 Under 40 Award

Retrieved on: 
Monday, March 25, 2024
Software, Payments, Finance, Banking, Data Management, Professional Services, Technology, Fintech, Social media, Miami Beach Convention Center, AAP, CTP, Wells Fargo, Payment, Management

They are among the best and brightest rising stars in the payments industry: the finalists in Nacha’s first 15 Under 40 Award.

Key Points: 
  • They are among the best and brightest rising stars in the payments industry: the finalists in Nacha’s first 15 Under 40 Award.
  • With nearly 100 nominees, a committee of industry experts convened by Nacha reviewed each candidate’s accomplishments and visions for the future.
  • “Our panel had its work cut out for it, given the quality of those nominated,” said Stephanie Prebish, AAP, APRP, CTP, Nacha Senior Managing Director, Association Services.
  • “Profiles of each of the finalists will be available on the Smarter Faster Payments website, social media and on site at the conference.

Affirm to Webcast CFO Fireside Chat on March 22, 2024

Retrieved on: 
Monday, March 11, 2024
Banking, Personal Finance, Technology, Professional Services, Payments, Asset Management, Other Professional Services, Networks, Fintech, Mobile, Wireless, Finance, Webcast, Wells Fargo, Growth, Q&A, CFO

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that Michael Linford, CFO, will participate in a shareholder fireside chat on Friday, March 22, 2024.

Key Points: 
  • Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that Michael Linford, CFO, will participate in a shareholder fireside chat on Friday, March 22, 2024.
  • The discussion will be moderated by Andrew Bauch from Wells Fargo and will begin at 12:00 PM Eastern Time.
  • Affirm will also be using Say Technologies’ Q&A platform to enable shareholders to submit and upvote questions.
  • The Q&A platform is now open and will close on March 22, 2024 at 8:00 AM Eastern Time.

Empire State Realty Trust Announces New $715 Million Credit Facility

Retrieved on: 
Monday, March 11, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Bank of America, BofA Securities, Chase Bank, Wells Fargo, Partnership, Bank, Empire State Building, U.S. Bancorp, Bank of Montreal, JPMorgan Chase, ESRT, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.
  • The new revolving credit facility matures on March 8, 2029, inclusive of two six-month extension periods at the option of the Company, and replaces the existing revolving credit facility that was due to mature in March 2025.
  • The term loan facility matures on March 8, 2029, inclusive of two twelve-month extension periods at the option of the Company, and replaces the existing term loan facility that matures in March 2025.
  • “We are pleased with the successful execution of our new credit facility that maintains our strong liquidity position and extends our balance sheet flexibility as we continue to focus on generating stakeholder value,” said Christina Chiu, Empire State Realty Trust’s President.

Renewable Energy Tax Partner Julie Marion Joins Sheppard Mullin

Retrieved on: 
Monday, March 11, 2024
Alternative Energy, Energy, Legal, Professional Services, Champaign–Urbana metropolitan area, IRA, KPMG, Farm, Growth, Health, Partnership, University, Investment, Tax, Wells Fargo, Inflation, Renewable energy

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.
  • Marion boosts the Chicago Energy team to 17 and is the third lateral partner in the last month to join Sheppard Mullin’s Chicago office, following healthcare partners Doug Swill and Megan Rooney .
  • Marion brings highly focused federal income tax experience to structuring renewable energy projects, including credit qualification, front-end project financing and monetization of federal tax credits through tax equity structures and transferability/direct pay elections, as well as private equity investments in development platforms and platform M&A transactions.
  • “We have a nationally leading practice in renewable energy tax, so we know how rare it is to find a lawyer with Julie’s experience,” said Luca Salvi, chair of Sheppard Mullin.

ESPN BET Launches in North Carolina

Retrieved on: 
Monday, March 11, 2024
Electronic Games, Apps, Applications, Technology, Casino, Gaming, Entertainment, Online, Mobile Entertainment, Other Entertainment, General Entertainment, ESPN, Penn Entertainment, Sport, Partnership, BET, Quail Hollow Club, Gambling, Music, Rally, Wells Fargo, PGA

ESPN BET, the official sportsbook of ESPN, launched today in North Carolina as the state’s legal sports betting market opened.

Key Points: 
  • ESPN BET, the official sportsbook of ESPN, launched today in North Carolina as the state’s legal sports betting market opened.
  • ESPN BET, operated by PENN Entertainment (“PENN”) (Nasdaq: PENN), is now live in 18 states.
  • “We’re thrilled to bring ESPN BET to North Carolina, which marks the first new state launch under our ESPN partnership,” said Jay Snowden, CEO and President of PENN Entertainment.
  • We commend the North Carolina State Lottery Commission and all of the stakeholders involved in establishing this new legal sports betting market.”
    "Launching ESPN BET for North Carolina fans is a pivotal moment," said Mike Morrison, Vice President of ESPN BET and ESPN Fantasy.

Humana Prices $2.25 Billion Debt Offering

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Health, Other Professional Services, Insurance, Health Insurance, Managed Care, General Health, Failure, Administration, Growth, Goldman Sachs, Inc., Final, Wells Fargo, Form, Risk, Star, Morgan Stanley, Information, Sale, News, Security (finance), Judgement, Prospectus, Service, Note, Pharmacy, Debt-to-GDP ratio, Medicare, Privacy, CMS, Government, Risk management

Humana Inc. (the “company”) (NYSE: HUM) announced today that it has priced a public offering of $2.25 billion in aggregate principal amount of senior notes.

Key Points: 
  • Humana Inc. (the “company”) (NYSE: HUM) announced today that it has priced a public offering of $2.25 billion in aggregate principal amount of senior notes.
  • The company expects net proceeds from the Senior Notes Offerings will be approximately $2.226 billion after deducting underwriters’ discounts and estimated offering expenses.
  • This news release includes forward-looking statements regarding Humana within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Downgrades in Humana’s debt ratings, should they occur, may adversely affect its business, results of operations, and financial condition.

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Tuesday, March 12, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Stifel, Floor, Citigroup, BofA Securities, Mizuho Securities, TD Securities, Database, 3rd Floor, Exercise, Goldman Sachs, Wells Fargo, BNP PARIBAS, Partnership, Telephone, EDGAR, BNP, Sale, Scotiabank, Security (finance), Prospectus, Investment, BMO Capital Markets, Equity capital markets, ATTN:

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $24.75 per share.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $24.75 per share.
  • The offering was upsized from the previously announced offering size of 8,000,000 shares of common stock, and the offering is expected to close on March 14, 2024, subject to customary closing conditions.
  • BofA Securities, Wells Fargo Securities, Truist Securities and Mizuho are acting as the joint book-running managers for the offering.
  • BMO Capital Markets, TD Securities, Barclays, Capital One Securities, Citigroup and Goldman Sachs & Co. LLC are acting as the book-running managers of the offering.

Essential Properties Realty Trust, Inc. Announces Public Offering of Common Stock

Retrieved on: 
Monday, March 11, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Floor, BofA Securities, Mizuho Securities, Database, 3rd Floor, Exercise, Wells Fargo, Partnership, Telephone, EDGAR, Sale, Security (finance), Prospectus, Investment, Equity capital markets, ATTN:

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,000,000 shares of its common stock on a forward basis in connection with the forward sale agreements described below.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,000,000 shares of its common stock on a forward basis in connection with the forward sale agreements described below.
  • BofA Securities, Wells Fargo Securities, Truist Securities and Mizuho are acting as the joint book-running managers for the offering.
  • The underwriters have been granted a 30-day option, exercisable in whole or in part from time to time, to purchase up to an additional 1,200,000 shares of the Company’s common stock.
  • The Company will not receive any proceeds from the sale of shares of its common stock by the forward purchasers (or affiliates thereof).

Sanctuary Wealth Continues to Add Veteran Industry Executives to Leadership Team

Retrieved on: 
Thursday, April 4, 2024
Freedom, Growth, UBS, Merrill (company), Wealth, Business, RIA, Leg, Private banking, Wells Fargo Advisors, BNY Mellon, Partner, Region, Wells Fargo, Financial adviser

INDIANAPOLIS, April 4, 2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), home to the next generation of elite advisors, has announced the appointment of former Wells Fargo and UBS executive Michael Goldfader as its new West Coast Regional Managing Director. Mr. Goldfader brings 33 years of experience as a financial advisor and senior field leader to his role and joins a deep bench of wirehouse executives who have brought their skills and strategic relationships to Sanctuary.

Key Points: 
  • Ms. McIntyre also served as a financial advisor as well as in home office and field leadership positions at Merrill Lynch.
  • "Michael and Michelle are respected industry leaders I am proud to have as colleagues," said Mr. Fertitta.
  • Ms. McIntyre said, "I'm thrilled to be part of the future of wealth management we are building here at Sanctuary.
  • Adam Malamed, CEO of Sanctuary Wealth, concluded, "We continue to build out our senior leadership team with the best talent from across the industry and are excited to welcome Michael and Michelle to the firm.

Survey: Financial Anxiety Soars as Americans Doubt Ability to Reach Goals

Retrieved on: 
Tuesday, April 2, 2024
Newsroom, Credit counseling, Credit, Senior counsel, NFCC, Wells Fargo, Fear

WASHINGTON, April 2, 2024 /PRNewswire-PRWeb/ -- As National Financial Capability Month begins, the National Foundation for Credit Counseling® (NFCC) today released the results of their latest Harris Poll survey, conducted among 2,000 U.S. adults ages 18 and over. In its 17th year, the survey provides a snapshot of the American consumer's level of knowledge as it relates to financial capability, as well as behavioral and attitudinal trends associated with personal finance. The 2024 survey is sponsored by the Wells Fargo Foundation.

Key Points: 
  • "This year's survey once again confirms what we already know: there is a significant need for financial education and counseling.
  • "This year's survey once again confirms what we already know: there is a significant need for financial education and counseling.
  • "Financial education empowers people to make informed financial decisions and overcome challenges standing in the way of their long-term goals."
  • This pervasive anxiety is hindering long-term financial planning, with around half feeling uncertainty makes achieving their goals impossible.