Bank of America

Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription

Retrieved on: 
Thursday, May 2, 2024
Wells Fargo, WordPress, Content, Bank of America, King & Wood Mallesons, White, Bank, Acquisition, Element, Marketing, Citigroup, Creativity, White & Case

Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.

Key Points: 
  • Envato's flagship product, Elements, is a creative subscription providing unlimited downloads of a diverse array of assets, templates and more—an intelligent creative companion helping creatives make their mark globally.
  • "We're thrilled about this transaction and looking forward to welcoming the Envato team to Shutterstock," said Shutterstock CEO Paul Hennessy.
  • "Envato is perfectly positioned to serve a growing customer need for an unlimited multi-asset subscription to a library of creative content, with an emphasis on videos, audio, graphics, fonts and templates.
  • Drake Star Partners and Goodwin Procter LLP and King & Wood Mallesons acted as financial advisor and legal advisors, respectively, to Envato.

BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year

Retrieved on: 
Wednesday, May 1, 2024
Small business, Social media, AI, Health, Ipsos, Partnership, Digital, Artificial intelligence, Business, Bank of America, Risk management, Bank, Multimedia, Behavior

CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ --  A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute. While business owners remain mindful of the impacts of inflation and interest rates on their bottom lines, both concerns have lessened since Spring 2023. And despite some lingering uncertainties over the broader economy, business owners plan to expand their businesses in the year ahead.

Key Points: 
  • "Small business owners remain cautiously optimistic in 2024," said Sharon Miller , President and Co-Head of Business Banking at Bank of America.
  • "Most of these business owners are confident in their revenue growth as well as in the local, national and global economies."
  • When looking at attitudes concerning the national economy, business owners' outlooks varied by the size of their business: 75% of mid-sized business owners expect the national economy to improve over the next 12 months, while just 33% of small business owners expect the same.
  • Mid-sized business owners (MSBOs) maintain a positive business outlook:
    87% believe their revenue will increase over the next 12 months.

Semperis Extends ML-Based Attack Detection with Specialized Identity Risk Focus

Retrieved on: 
Tuesday, April 30, 2024
IRP, Risk, Active Directory, Machine learning, Human physical appearance, Research, Bank of America, Intelligence, Lightning, Government, Entra, Bank, Noise, Algorithm, Organization, Anomaly

HOBOKEN, N.J., April 30, 2024 /PRNewswire-PRWeb/ -- Semperis, a pioneer in identity-driven cyber resilience, today announced the release of Lightning Identity Runtime Protection (IRP), a new identity threat detection and response (ITDR) offering that uses machine learning models developed by identity security experts to detect widespread and successful attack patterns such as password spray, credential stuffing, other brute force attacks, and risky anomalies. The first offering in the Semperis Lightning™ platform, IRP brings critical identity context to attack pattern and anomaly detection, helping organizations spot and quickly respond to high-risk events.

Key Points: 
  • Identity Runtime Protection, the first offering in the Semperis Lightning™ Platform, merges deep machine learning with unmatched identity security expertise to detect and stop the most successful attack techniques.
  • The first offering in the Semperis Lightning™ platform, IRP brings critical identity context to attack pattern and anomaly detection, helping organizations spot and quickly respond to high-risk events.
  • Using trained algorithms based on Semperis' real-world experience responding to identity attacks in the wild and supporting the world's largest enterprises and government agencies, Lightning IRP detects sophisticated identity attacks that traditional ML solutions miss.
  • "We're extending our live attack pattern detection capabilities, changing the way the industry applies machine learning to detect cyberattacks."

energyRe Secures $155 Million in Project Financing and $85 Million Tax Equity Commitment for 108 MW Solar and 198MWh Battery Energy Storage System (BESS) for the Lone Star Project

Retrieved on: 
Monday, April 29, 2024
GWS, Dominion Energy, DESC, Partnership, Southeastern United States, Electricity, BESS, Bank of America, Carbon, Growth, Guarantee of origin, Tax, Bank, Inflation, Trust, Solvay S.A., Letter, IRA, Renewable energy

CHARLESTON, S.C., April 29, 2024 /PRNewswire/ -- energyRe today announced that it has secured $155 million in project financing and a $85 million tax equity commitment for its 108 MWdc Lone Star Solar project and 198MWh Battery Energy Storage System (BESS), one of the largest battery systems in South Carolina.  Lone Star Solar is under construction and is expected to be operational by Fall 2024.  

Key Points: 
  • CHARLESTON, S.C., April 29, 2024 /PRNewswire/ -- energyRe today announced that it has secured $155 million in project financing and a $85 million tax equity commitment for its 108 MWdc Lone Star Solar project and 198MWh Battery Energy Storage System (BESS), one of the largest battery systems in South Carolina.
  • Lone Star Solar is under construction and is expected to be operational by Fall 2024.
  • The $155 million in project financing for Lone Star Solar includes construction debt, tax equity bridge facility and letter of credit facility with Santander acting as the Coordinating Lead Arranger.
  • In January 2023, energyRe announced a 10-year power purchase agreement with Dominion Energy South Carolina (DESC) for Lone Star Solar.

Insurance Market size is set to grow by USD 1.42 billion from 2023-2027, increasing government regulations on mandatory insurance coverage in developing countries to boost the market growth, Technavio

Retrieved on: 
Friday, April 26, 2024
Axa, JPMorgan Chase, Learning, Canara Bank, Insurance, Travel, Bank of America, Allianz, American International Group, Citigroup, Hurricane Andrew, Developed country, Bank, HDFC, Wells Fargo, State Bank of India, PNC, Microsoft, Truist Financial, Research report, Berkshire Hathaway, State bank

In many countries, you must have insurance for your car if you drive on public roads.

Key Points: 
  • In many countries, you must have insurance for your car if you drive on public roads.
  • As developing countries grow, more people are buying cars, which means more people need car insurance.
  • In places where people are learning more about health insurance, like in developing countries, the market for it is slowly getting bigger.
  • Because insurance is becoming a must-have, the global insurance market is expected to grow a lot in the coming years.

Lonza Prices EUR 1 Billion Straight Bond with a 3.875% Coupon

Retrieved on: 
Friday, May 3, 2024
ING, Goldman Sachs, Bank of America, Eurobond, Lonza, JPMorgan Chase, Regulated market, BNP Paribas, Luxembourg Stock Exchange, Security (finance)

Basel, Switzerland, 17 April 2024 – Lonza Finance International NV, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the pricing of a EUR 1 billion straight bond.

Key Points: 
  • Basel, Switzerland, 17 April 2024 – Lonza Finance International NV, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the pricing of a EUR 1 billion straight bond.
  • The bond has a maturity of 12 years and an annual coupon of 3.875%.
  • The issuer is Lonza Finance International NV and the bonds will be guaranteed by Lonza.
  • Lonza will apply for the listing of the bonds on the Luxembourg Stock Exchange (Regulated Market).

Ibotta Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Initial Public Offering

Retrieved on: 
Thursday, April 25, 2024
Bank of America, Sale, Prospectus, UBS, Security (finance), Ibotta, JMP, Evercore, BofA Securities, Wells Fargo, Attention, Telephone

Ibotta did not receive any proceeds from the sale of the shares by the selling stockholders.

Key Points: 
  • Ibotta did not receive any proceeds from the sale of the shares by the selling stockholders.
  • Citizens JMP, Needham & Company and Raymond James acted as co-managers for the offering.
  • The offering was made only by means of a prospectus.
  • A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 17, 2024.

Silk Road Medical to Present at the BofA Securities 2024 Healthcare Conference

Retrieved on: 
Tuesday, April 23, 2024
Bank of America, Risk, Stroke, SILK, Conference, Interest

SUNNYVALE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Silk Road Medical, Inc. (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced the company will participate in the upcoming BofA Securities 2024 Healthcare Conference.

Key Points: 
  • SUNNYVALE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Silk Road Medical, Inc. (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced the company will participate in the upcoming BofA Securities 2024 Healthcare Conference.
  • Management is scheduled to present on Tuesday, May 14, 2024, at 3:40 p.m. Pacific Time.
  • Interested parties may access a live and archived webcast of the presentation on the “Investors” section of the company’s website at: https://investors.silkroadmed.com/ .

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Tuesday, April 23, 2024
Toronto-Dominion Bank, National Bank of Canada, Wells Fargo, Great-West Lifeco, Bank of Montreal, Royal Bank of Canada, TSX, Bank, Bank of America, Scotiabank, Citigroup, National bank, JPMorgan Chase, Goldman Sachs, Commerce, Manulife, FFN, Sun Life Financial, Security (finance)

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (TSX: FFN FFN.PR.A) (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (TSX: FFN FFN.PR.A) (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • Since inception Class A shareholders have received a total of $16.38 per share and Preferred shareholders have received a total of $11.06 per share inclusive of this distribution, for a combined total of $27.45.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Tuesday, April 23, 2024
Wells Fargo, JPMorgan Chase, Goldman Sachs, Financial system, Morgan Stanley, State Street Corporation, Bank of America, Fifth Third Bank, BNY Mellon, J. P. Morgan, American Express, Bank, PNC, Citigroup, Regions Financial Corporation, SunTrust Banks

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05617 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05617 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.