Sumitomo Mitsui Banking Corporation

FirstLight Fiber Successfully Raises Five-Year Senior Secured Infrastructure Debt Financing Package

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星期二, 五月 7, 2024
Antin, Partner, BBVA, Investment banking, Antin Infrastructure Partners, SMBC, TD Securities, J. P. Morgan, Banco Bilbao Vizcaya Argentaria, Sumitomo Mitsui Banking Corporation, Growth, Bank

Albany, NY, May 07, 2024 (GLOBE NEWSWIRE) -- FirstLight Fiber , the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised a five-year senior secured infrastructure debt financing package.

Key Points: 
  • Albany, NY, May 07, 2024 (GLOBE NEWSWIRE) -- FirstLight Fiber , the Northeast U.S.’s largest independent fiber bandwidth infrastructure provider with 25,000 fiber network route miles and more than 125,000 addressable locations, successfully raised a five-year senior secured infrastructure debt financing package.
  • The package will be used to refinance FirstLight’s existing financing and support its future capital expenditure needs.
  • “We are extremely proud to have secured this innovative financing from many of our core relationship banks,” added Kevin Genieser, Managing Partner at Antin Infrastructure Partners and FirstLight Board Member.
  • “This is an exciting evolution for us and well positions FirstLight for the future.”
    FirstLight Fiber is owned by funds managed by Antin Infrastructure Partners.

ASPIRA OF NEW YORK 63RD CIRCLE OF ACHIEVERS GALA RAISES OVER 1 MILLION DOLLARS FOR STUDENT PROGRAMS

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星期二, 五月 7, 2024
Goldman Sachs, Treasurer, McKinsey & Company, School, Morgan Stanley, Verizon Communications, Barclays, Consolidated Edison, AON, Bank of America, Citigroup, Bank, PNC Financial Services, BNP Paribas, Sumitomo Mitsui Banking Corporation, Student, Organization, ASPIRA

NEW YORK , May 7, 2024 /PRNewswire/ -- ASPIRA of New York hosted its annual Circle of Achiever's Gala at 583 Park Avenue on Thursday, May 2.

Key Points: 
  • NEW YORK , May 7, 2024 /PRNewswire/ -- ASPIRA of New York hosted its annual Circle of Achiever's Gala at 583 Park Avenue on Thursday, May 2.
  • Through their unwavering commitment, ASPIRA of New York awarded scholarships to 42 deserving students, empowering them to pursue their educational dreams and become future leaders in their respective fields.
  • They extend their deepest gratitude to their platinum sponsors, whose invaluable contributions made a profound impact on the lives of these students.
  • Each platinum sponsor funded two students who exemplified the core values of responsibility, innovation, engagement, thoughtfulness, and confidence in their leadership abilities.

Ares Capital Corporation Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.48 Per Share

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星期三, 五月 1, 2024
Banking, Asset Management, Professional Services, Finance, HOME, ARCC, International, Investment, Capital, Convertible, Ares Management, SDLP, Security (finance), Webcast, Result, Documentation, Analysis, Eastern Time Zone, Line of credit, ID, Home, Credit, Sumitomo Mitsui Banking Corporation, Letter, Telephone, Note

In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.

Key Points: 
  • In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.
  • Also in the first quarter of 2024, Ares Capital funded approximately $396 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • The first quarter 2024 dividend was paid on March 29, 2024 to stockholders of record as of March 15, 2024.
  • Ares Capital will host a webcast/conference call on Wednesday, May 1, 2024 at 10:00 a.m. (Eastern Time) to discuss its quarter ended March 31, 2024 financial results.

Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth

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星期四, 四月 25, 2024
Chase Bank, MUFG Bank, Oliver Cromwell, WISP, HPS, JPMorgan Chase, Communication, Ropes & Gray, Investment banking, CoBank, Banco Santander, Sullivan & Cromwell, Sumitomo Mitsui Banking Corporation, Internet service provider

NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.

Key Points: 
  • NEW YORK, April 25, 2024 /PRNewswire/ -- Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion.
  • The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider (WISP) customers' infrastructure needs.
  • "The Tillman Infrastructure team continues to deliver industry leading solutions for our customers," said Suruchi Ahuja, CEO of Tillman Infrastructure.
  • Tillman Infrastructure is a portfolio company of Tillman Global Holdings, a U.S. based private investment firm that invests in, owns, and operates digital and energy infrastructure businesses.

First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank

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星期一, 四月 1, 2024
Culture, Busey Bank, MSA, Partnership, FDIC, Trust, Acquisition, M&M, Merchant, Sumitomo Mitsui Banking Corporation, Workforce, Bank

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024.

Key Points: 
  • CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024.
  • Busey will operate M&M Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in June 2024.
  • M&M Bank was founded in 1969 as a locally-owned bank valuing its roles and responsibilities as a community bank, bringing a focused expertise in business banking.
  • ArentFox Schiff LLP served as legal counsel and Keefe, Bruyette & Woods, Inc., a Stifel Company served as financial advisor to M&M.

First Busey Corporation and Merchants and Manufacturers Bank Corporation Announce Election Deadline

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星期二, 三月 26, 2024
Florida Trend, Culture, Letter, Busey Bank, Pension, M&M, Merchant, Sumitomo Mitsui Banking Corporation, American Banker

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., March 26, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), today jointly announced that the election deadline for M&M shareholders of record to make merger consideration elections in connection with the previously announced merger between Busey and M&M is 5:00 p.m., Eastern Standard Time, on March 29, 2024.

Key Points: 
  • CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., March 26, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), today jointly announced that the election deadline for M&M shareholders of record to make merger consideration elections in connection with the previously announced merger between Busey and M&M is 5:00 p.m., Eastern Standard Time, on March 29, 2024.
  • As of December 31, 2023, First Busey Corporation (Nasdaq: BUSE) was a $12.28 billion financial holding company headquartered in Champaign, Illinois.
  • Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $12.25 billion as of December 31, 2023, and is headquartered in Champaign, Illinois.
  • Busey Bank is honored to be named among America’s Best Banks by Forbes magazine for the second consecutive year.

Jefferies and SMBC Expand Strategic Alliance to Canada

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星期四, 四月 4, 2024
Banking, Professional Services, Finance, Sumitomo Mitsui Banking Corporation, JEF, SMBC, Research, SMFG, Jefferies Financial Group, Multimedia

Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market.

Key Points: 
  • Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market.
  • SMBC Group comprises Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., and other group companies.
  • In support of the initial strategic alliance in 2021, SMBC provided $2.25 billion in financing to Jefferies and purchased approximately 4.5% of the outstanding common shares of Jefferies.
  • Bruce Rothney, CEO of Jefferies Canada, stated: “In just the first few months since opening Jefferies’ new Canada office, we have already witnessed the benefits that the Jefferies-SMBC strategic alliance will bring to our valued clients.

Rayliant Partners with Sumitomo Mitsui DS Asset Management to Launch Rayliant SMDAM Japan Equity ETF (RAYJ)

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星期四, 四月 4, 2024
Banking, Asset Management, Professional Services, Finance, CIO, ETF, Data science, Partnership, EM, Sumitomo Mitsui Banking Corporation, Equity, Doctor of Philosophy, Index, Machine learning, Ticker, Financial adviser

Rayliant Global Advisors, a global asset management firm focused on active strategies that blend behavioral finance, data science, and insights in international markets, announced today that it has partnered with Sumitomo Mitsui DS Asset Management (SMDAM), a leading Japan-based asset manager with USD139 billion in total assets (as of 1 Jan 2024), to launch the Rayliant SMDAM Japan Equity ETF (RAYJ) .

Key Points: 
  • Rayliant Global Advisors, a global asset management firm focused on active strategies that blend behavioral finance, data science, and insights in international markets, announced today that it has partnered with Sumitomo Mitsui DS Asset Management (SMDAM), a leading Japan-based asset manager with USD139 billion in total assets (as of 1 Jan 2024), to launch the Rayliant SMDAM Japan Equity ETF (RAYJ) .
  • “We can think of no better partner with whom to launch this exciting new Japan-focused ETF than Sumitomo Mitsui DS Asset Management,” said Jason Hsu, PhD, Rayliant’s Founder and CIO.
  • RAYJ is the newest Rayliant ETF, joining a lineup which also includes Rayliant Quantamental China Equity ETF (Ticker: RAYC), Rayliant Quantamental Emerging Market ex-China Equity ETF (Ticker: RAYE), and Rayliant Quantitative Developed Market Equity ETF (Ticker: RAYD).
  • “This ETF partnership allows us to share our longstanding active Japanese equity expertise with a groundbreaking ETF provider and exceptional quantitative asset manager in Rayliant,” said Takashi Saruta, CEO of Sumitomo Mitsui DS Asset Management.

Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

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星期一, 三月 25, 2024
Carriers and Services, Technology, Professional Services, Payments, Electronic Commerce, Blockchain, Security, Networks, Internet, Fintech, Mobile, Wireless, Deutsche Bank, CLS Group, Automation, Savings bank, Standard Bank, Growth, United Overseas Bank, DVP, Tokenization, ANZ, Westpac, Risk, Sumitomo Mitsui Banking Corporation, Digital asset, Public policy, Intesa Sanpaolo, CBDC, Community business development corporation, Commercial, DTCC, Standard Chartered, DLT, NatWest Group, Ecosystem, HSBC, FX, CLS, DBS, Commercial bank, Cryptocurrency

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

Key Points: 
  • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
  • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
  • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
  • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

KKR Invests in Avantus to Support Renewable Energy Deployment in the United States

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星期三, 三月 20, 2024
Environment, Technology, Finance, Banking, Professional Services, Sustainability, Alternative Energy, Green Technology, Energy, Batteries, EIG, Electricity, Growth, Partnership, SMBC, Sumitomo Mitsui Banking Corporation, Scotiabank, GWP, Bloomberg L.P., Kilowatt-hour, KKR, Jefferies Group, Renewable energy

Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus.

Key Points: 
  • Following the close of the transaction, KKR and existing investor EIG, a leading institutional investor in the global energy and infrastructure sectors, will be the sole equity investors in Avantus.
  • Avantus is poised to benefit from material secular tailwinds supporting renewables development in the United States.
  • Together, investment in renewable energy and power grids is expected to continue to draw the largest share of energy transition spending.1
    “To support an economy-wide energy transition, there is a need to significantly expand renewable energy generation by 2050 and enable grid electrification.
  • “KKR’s investment provides Avantus the financial backing and expertise to execute on our ambitious portfolio and lead the energy transition across the Western United States.