PNC

PNC Foundation Announces $10.2 Million in Grants to Mark 20th Anniversary of PNC Grow Up Great®

Retrieved on: 
Thursday, April 4, 2024
Sesame Workshop, Culture, Organization, Learning, Environment, Education, Research, Economic development, Seed, PNC, Life, Sesame Street, DonorsChoose, PNC Financial Services, Tourism

PITTSBURGH, April 4, 2024 /PRNewswire/ -- The PNC Foundation today announced it is allocating a $5.2 million grant pool across its markets to implement or enhance high-quality, nature-based outdoor play and learning environments. This grant pool celebrates the 20th anniversary of PNC Grow Up Great®, PNC's $500 million, bilingual, signature philanthropic initiative designed to help prepare children from birth through age 5 for success in school and life.

Key Points: 
  • PITTSBURGH, April 4, 2024 /PRNewswire/ -- The PNC Foundation today announced it is allocating a $5.2 million grant pool across its markets to implement or enhance high-quality, nature-based outdoor play and learning environments.
  • This grant pool celebrates the 20th anniversary of PNC Grow Up Great ®, PNC's $500 million, bilingual, signature philanthropic initiative designed to help prepare children from birth through age 5 for success in school and life.
  • A recent NIEER literature review also suggests that pre-K programs conducted in nature-based settings can promote better learning and development.
  • PNC Grow Up Great's focus on outdoor play and learning for the 20th anniversary extends beyond the grant pool initiative.

Sabre expands its accounts receivable securitization facility to $235 million and increases liquidity

Retrieved on: 
Tuesday, April 2, 2024
Exchangeable, Growth, PNC Financial Services, Sabre Corporation, PNC, Senior, SABR, Debt-to-GDP ratio, FILO, Bank

SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027. The AR Facility now consists of a fully-funded $120 million "first-in, last-out" tranche (the "FILO Facility"), provided by various entities advised by affiliates of Centerbridge Partners, L.P. ("Centerbridge"), and a $115 million revolving tranche provided by the existing lender, PNC Bank N.A. ("PNC"). PNC will continue to act as the administrative agent.

Key Points: 
  • SOUTHLAKE, Texas, April 2, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027.
  • The transactions described above, including the establishment of the FILO Facility, increased the drawn amount under the AR Facility from approximately $120 million immediately prior to the transactions to approximately $232 million immediately after the transactions.
  • As a result of execution of these transactions and closing of the FILO Facility and amended AR facility, Sabre has reduced its 2025 funded debt maturities by over $300 million and increased its liquidity by over $70 million.
  • Together with the 2023 transactions, Sabre has refinanced approximately $1,832 million, or almost 90%, of the debt that was previously maturing in 2025.

PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE

Retrieved on: 
Thursday, March 28, 2024
Health, Organization, LISC, Growth, Veteran, PNC Financial Services, Education, PNC, Woman, Investment, EQ2, Local Initiatives Support Corporation, Renewable energy

NEW YORK, March 28, 2024 /PRNewswire/ -- PNC Bank has invested $20 million in the Local Initiatives Support Corporation (LISC) to expand the organization's efforts to boost economic opportunity and growth in thousands of rural counties as well as across 38 metro areas in the United States.

Key Points: 
  • PNC Bank's funding includes both a 10-year, $10 million Equity Equivalent (EQ2) investment as well as a more flexible $10 million three-year term loan.
  • "With this 10-year commitment, PNC remains laser-focused on our efforts to strategically deploy low-cost capital into transformative initiatives that advance economic empowerment and prosperity where it's needed the most."
  • PNC Bank and LISC have collaborated on a number of significant investments in recent years spanning retail, health, education, and job training centers, as well as quality affordable housing and services.
  • "With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future," said Michael Pugh, LISC CEO.

GENYOUth AND TASTE OF THE NFL INCREASE ACCESS TO 148 MILLION SCHOOL MEALS, FOSTERING NUTRITION SECURITY AMONG STUDENTS NATIONWIDE

Retrieved on: 
Thursday, March 21, 2024
Yee, Smoke, Wine, School, Verizon Communications, 2025, Doritos, KLAS-TV, NFL, Clark County School District, Partnership, International, PNC, Taste, Dream, Las Vegas Raiders, PepsiCo, Hunger, TCL, Student, Walmart, Football, Legend, Work, Meal, FEED, Frito-Lay, Food security, Farmer, Uncle Nearest Premium Whiskey, PNC Financial Services, Food, Smith, American Family Insurance, Super Bowl LVIII, Marketing, Super Bowl, Las Vegas Review-Journal, Nursing

NEW YORK, March 21, 2024 /PRNewswire/ -- GENYOUth, the national nonprofit organization founded by America's dairy farmers and the NFL to help ensure students are well-nourished and active to be their best selves, announced today that the collective impact of the 2024 Taste of the NFL philanthropic event totaled $2.0 million. These funds, the largest raised by a Taste of the NFL event since its founding in 1992, will benefit 1,000 schools and 550,000 students by increasing access to 148 million school meals to foster nutrition security among students in all 32 NFL club markets. As a result, GENYOUth is inviting school nutrition professionals to apply for Equipment Grants at educator.fuelup.org/opportunities through April 9, 2024. 

Key Points: 
  • These funds, the largest raised by a Taste of the NFL event since its founding in 1992, will benefit 1,000 schools and 550,000 students by increasing access to 148 million school meals to foster nutrition security among students in all 32 NFL club markets.
  • As a result, GENYOUth is inviting school nutrition professionals to apply for Equipment Grants at educator.fuelup.org/opportunities through April 9, 2024.
  • "School meals are a critical lifeline for millions of students, and for many the only source of good nutrition they may receive on some days.
  • "We are grateful for the support of our Taste of the NFL sponsors, the NFL and our End Student Hunger partners.

PNC Names Michael Thomas Head of Corporate & Institutional Banking

Retrieved on: 
Wednesday, March 13, 2024
Real estate, BBVA, Strategic management, PNC Financial Services, Research, History, PNC, BBVA USA, Housing, Investment, Treasury, JPMorgan Chase, National Association, Yale University, Corporation

PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately.

Key Points: 
  • PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately.
  • Based in Pittsburgh, Thomas will report to Michael P. Lyons, president.
  • Thomas succeeds Lyons in the role, after Lyons was appointed president Feb. 20, 2024.
  • During his 27-year career at PNC, Thomas has held progressive leadership roles in Debt Capital Markets and Real Estate Banking.

Operation Homefront Announces 2024 Military Child of the Year® Award Recipients

Retrieved on: 
Wednesday, March 13, 2024
Online, Impossible Foods, Carnival Cruise Line, National Guard, Johns Hopkins, Caesars Entertainment, SAN, School, University, Coast guard, PNC, Air force, Operation Homefront, RTX, Procter & Gamble, Parent, Space force, Navy, Army, Nursing

SAN ANTONIO, March 13, 2024 /PRNewswire-PRWeb/ -- Seven exceptional military children excelling in academics, community involvement, and peer leadership have a new award to add to their list: Operation Homefront Military Child of the Year®. The national nonprofit, whose mission is to build strong, stable, and secure military families, announced recipients of its 2024 premier award, following a nationwide search to identify and celebrate outstanding military children, which garnered more than 700 nominations.

Key Points: 
  • Now in its 16th year, the Military Child of the Year® Award celebrates the remarkable influence these extraordinary young individuals have on their families, schools, and communities.
  • SAN ANTONIO, March 13, 2024 /PRNewswire-PRWeb/ -- Seven exceptional military children excelling in academics, community involvement, and peer leadership have a new award to add to their list: Operation Homefront Military Child of the Year®.
  • The national nonprofit, whose mission is to build strong, stable, and secure military families, announced recipients of its 2024 premier award, following a nationwide search to identify and celebrate outstanding military children, which garnered more than 700 nominations.
  • This year's Military Child of the Year® Award recipients have moved a combined 37 times and lived through 247 months of deployments.

Longroad Energy Closes Financing of Serrano, a 220 MWdc Solar and 214 MWac / 855 MWh Storage Project

Retrieved on: 
Tuesday, March 12, 2024
Electricity, Power purchase agreement, Commerzbank, IRA, CIBC, Cell, Environment, Partnership, ANZ, APS, SMA, Arizona Public Service, EPC, Société Générale, PNC, Life, Resource management, CO2, Scalability, Renewable energy, Inflation, PPA, Engineering, First Solar, BESS, Apollo Global Management

BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy, a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona. Serrano is Longroad's first project to utilize First Solar's domestically manufactured Series 7 panels. The project has commenced construction and commercial operations for Serrano is currently expected by mid-2025.

Key Points: 
  • BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy , a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona.
  • "Longroad is pleased that our Serrano project has achieved the milestones of financial closure and commencement of construction," said Paul Gaynor, CEO of Longroad Energy.
  • "That Longroad has successfully closed financing is a testament to the bankability of the project and the solar module technology powering it."
  • Serrano's 214 MWac / 855 MWh battery energy storage system (BESS) will be provided by U.S.-based energy storage platform provider Powin.

GTreasury Extends Global Banking API Connectivity Suite into APAC

Retrieved on: 
Monday, March 11, 2024
CFO, BNP Paribas, Standard Chartered, Deutsche Bank, API, Risk management, Bank, DBS, Treasury, Citibank, OCBC, ICBC, Wells Fargo, UOB, Société Générale, ERPs, Goldman Sachs, PNC, Barclays, HSBC, Bank of America, JPMorgan Chase

SYDNEY, Australia, March 11, 2024 (GLOBE NEWSWIRE) -- GTreasury , a treasury, payments, and risk management software provider, today announced that its award-winning ClearConnect Gateway—an extensive, out-of-the-box global bank API connectivity suite—has launched new and instant data integrations with several global banking partners.

Key Points: 
  • SYDNEY, Australia, March 11, 2024 (GLOBE NEWSWIRE) -- GTreasury , a treasury, payments, and risk management software provider, today announced that its award-winning ClearConnect Gateway—an extensive, out-of-the-box global bank API connectivity suite—has launched new and instant data integrations with several global banking partners.
  • ClearConnect Gateway offers comprehensive bank connectivity and a real-time treasury experience to accelerate enterprises’ revenue and time-to-market goals.
  • “For our corporate customers in the APAC region, real-time account data connectivity into ClearConnect Gateway is a huge win,” said Vincent Casanova, Managing Director, APAC, GTreasury.
  • “The addition of several large banking institutions in the region into our API connectivity suite —with more on the way—will significantly streamline the daily workflows for treasury organizations partnered with these banks.

Priori Named No. 35 on the 2024 Inc. Regionals: Northeast List of Fastest-Growing Private Companies

Retrieved on: 
Tuesday, February 27, 2024
Intel, AI, Small business, Mastercard, Marsh McLennan, RFP, Meta, Fortune 500, Regionals, CAB, Vonage, Customer advisory council, PNC, Marketplace

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Priori, the leading legal technology platform for outside counsel decision-making, is proud to announce it was named to the 2024 Inc. 5000 Regionals: Northeast list.

Key Points: 
  • NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Priori, the leading legal technology platform for outside counsel decision-making, is proud to announce it was named to the 2024 Inc. 5000 Regionals: Northeast list.
  • 35 out of the 198 companies on the list with a two-year revenue growth of 492%.
  • This puts Priori in the top 20% of companies in the Northeast region, which includes Pennsylvania, New York, Vermont, New Hampshire, Maine, Massachusetts, Connecticut, Rhode Island and New Jersey.
  • The fourth annual Inc. Regionals list represents a unique look at the most successful companies within the Northeast economy’s most dynamic segment—its independent small business.

The PNC Financial Services Group Announces First Quarter 2024 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting Details

Retrieved on: 
Tuesday, March 5, 2024
Annual general meeting, Conference call, PNC Financial Services, PNC, Shareholder, Webcast, Annual report, Conference, Holding company

PITTSBURGH, March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday, April 16, as previously announced.

Key Points: 
  • PITTSBURGH, March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday, April 16, as previously announced.
  • Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. (ET), Wednesday, April 24, in a virtual-only format.
  • 2024 Annual Meeting of Shareholders: Wednesday, April 24, at 11 a.m. (ET)
    The 2024 Annual Meeting of Shareholders will be a virtual-only meeting held via webcast.
  • PNC's 2024 Proxy Statement and 2023 Annual Report are accessible on PNC's website at www.pnc.com/annualreport after their respective issuance dates.