PNC

San Juan Basin Royalty Trust Declares Cash Distribution for December 2023

Retrieved on: 
Monday, December 18, 2023
Professional Services, Mining, Minerals, Oil, Gas, Natural Resources, Energy, Finance, Banking, SJT, Subject, NYSE, Security (finance), PNC Financial Services, Public expenditure, National Association, PNC, Trust, Trustee, British thermal unit, News

The distribution is payable January 16, 2024, to the Unit Holders of record as of December 29, 2023.

Key Points: 
  • The distribution is payable January 16, 2024, to the Unit Holders of record as of December 29, 2023.
  • For the production month of October 2023, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $869,465 gross ($652,099 net royalty amount to the Trust).
  • Based upon information provided to the Trust by Hilcorp, gas volumes for the subject interests for October 2023 totaled 1,997,743 Mcf (2,219,715 MMBtu), as compared to 1,905,945 Mcf (2,117,717 MMBtu) for September 2023.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

Motorcar Parts of America Extends Credit Facility Maturity With PNC Bank

Retrieved on: 
Wednesday, December 13, 2023
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, PNC, MPAA, PNC Financial Services, Part, Security (finance)

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A.

Key Points: 
  • Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A.
  • to December 2028, with enhancements that provide working capital flexibility, liquidity, and other favorable terms -- including opportunities to benefit from reduced interest rates.
  • Equally important, this extension reinforces our strong relationship with PNC and the bank lending syndicate,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.
  • Additional details concerning the amended credit facility agreement are available in a related Form 8-K filing.

Small Business Credit Card Customer Satisfaction Surpasses Pre-Pandemic Highs as Financial Outlook Improves, J.D. Power Finds

Retrieved on: 
Thursday, December 7, 2023
Small Business, Professional Services, Finance, Intelligence, Meal, PNC, Credit card, Small business, J.D. Power, Multimedia, Travel, American Express, Online shopping, Retail

Power 2023 U.S. Small Business Credit Card Satisfaction Study,SM released today, that growing sense of confidence among small businesses is helping to drive overall satisfaction with business credit card issuers higher than its peak level in 2019.

Key Points: 
  • Power 2023 U.S. Small Business Credit Card Satisfaction Study,SM released today, that growing sense of confidence among small businesses is helping to drive overall satisfaction with business credit card issuers higher than its peak level in 2019.
  • Despite satisfaction gains, credit card terms could be an issue: Business credit card issuers see improvements in customer satisfaction across nearly every factor evaluated in this year’s study, with the exception of credit card terms, which remained flat year over year.
  • The 2023 U.S. Small Business Credit Card Satisfaction Study, now in its fifth year, measures customer satisfaction with the largest small business credit card issuers in the U.S. by examining six factors (in alphabetical order): benefits and services; channel activities; credit card management; credit card terms; key moments; and rewards.
  • For more information about the U.S. Small Business Credit Card Satisfaction Study, visit

Bill Stein Joins Crusoe Board of Advisors

Retrieved on: 
Thursday, November 30, 2023
Technology, Other Energy, Environmental Health, Alternative Energy, Energy, Professional Services, Artificial Intelligence, Environment, Software, Internet, Cryptocurrency, Green Technology, Data Management, Climate Change, Cloud, GPU, Digital Realty, Central Waqf Council, Climate, Istar, GI Partners, PNC Financial Services, PNC, Digital, Cloud computing, Growth, Duquesne Light Company, Westinghouse Electric Corporation

Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.

Key Points: 
  • Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.
  • Stein joins Crusoe on the heels of the recent announcement of a significant expansion of its high performance cloud computing business with new capacity and additional financing earmarked for further GPU purchases and data center expansion.
  • “This is a critical moment for Crusoe as they expand their digital infrastructure offerings,” said Stein.
  • Both Dolan and McGrath had previously served as members of Crusoe’s Board of Advisors for multiple years.

American Opportunity Index Reveals How Well the Nation’s 400 Largest Companies Maximize Talent to Drive Business Performance and Advance Employees’ Careers

Retrieved on: 
Thursday, November 30, 2023
Environmental, Social and Governance (ESG), Business, Professional Services, DEI (Diversity, Equity and Inclusion), Human Resources, Woman, ServiceNow, The Coca-Cola Company, Intuit, Bank, Foreign policy, Howard Schultz, Workforce, Bank of America, Learning, Capital One, Multimedia, Culture, PNC Financial Services, Parity, PNC, Capital, Social media, Harvard Business School, Hand, Happiness, American Opportunity, Costco, Restaurant, Management, Video game, Nursing, Creative industries, Index

This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.

Key Points: 
  • This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.
  • The 2023 American Opportunity Index reveals several powerful insights for companies navigating a dynamic labor market:
    Corporate practice has a major impact on workers.
  • Companies have a crucial role to play in creating opportunity and upward mobility for American workers and their families.
  • “The American Opportunity Index demonstrates the incredible significance of corporate policies in determining economic outcomes for most workers.

Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project

Retrieved on: 
Tuesday, November 28, 2023
Alternative Energy, Energy, Batteries, Technology, Utilities, Coal, MISO, PNC, Midcontinent Independent System Operator, Partnership, Norddeutsche Landesbank, PNC Financial Services, SMBC, Letter, Investment banking, Renewable energy, Primergy

Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Key Points: 
  • Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
  • The Prairie Mist project debt financing includes a tax equity bridge loan, construction/term debt, and a letter of credit facility.
  • The debt facilities are led by a syndicate comprising of Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, and SMBC.
  • The Prairie Mist financing also includes a tax equity investment led by an affiliate of The PNC Financial Services Group, Inc.
    “We are pleased to have supported Primergy on the Prairie Mist financing as Coordinating Lead Arranger,” said Alejandro Lopez-Jensen, Senior Director, Project Finance at Nord/LB.

San Juan Basin Royalty Trust Declares Cash Distribution for November 2023

Retrieved on: 
Friday, November 17, 2023
Professional Services, Mining, Minerals, Oil, Gas, Natural Resources, Energy, Finance, Banking, SJT, Subject, NYSE, Security (finance), PNC Financial Services, Public expenditure, National Association, PNC, Trust, Trustee, British thermal unit, News

The distribution is payable December 14, 2023, to the Unit Holders of record as of November 30, 2023.

Key Points: 
  • The distribution is payable December 14, 2023, to the Unit Holders of record as of November 30, 2023.
  • For the production month of September 2023, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $1,293,944 gross ($970,458 net royalty amount to the Trust).
  • Based upon information provided to the Trust by Hilcorp, gas volumes for the subject interests for September 2023 totaled 1,905,945 Mcf (2,117,717 MMBtu), as compared to 2,076,932 Mcf (2,307,702 MMBtu) for August 2023.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

FHLBank Pittsburgh Announces Results in 2023 Board Election

Retrieved on: 
Thursday, November 16, 2023
Banking, Professional Services, Finance, American Management Association, Senior, Bank, Woman, PNC Financial Services, KeyBank, Georgia State University, Federal Home Loan Banks, PNC, Treasury, University, MBA, Connect, Bank of America, Management, Economics

The Federal Home Loan Bank of Pittsburgh (FHLBank) today announced the results of its 2023 election.

Key Points: 
  • The Federal Home Loan Bank of Pittsburgh (FHLBank) today announced the results of its 2023 election.
  • One new member director from Pennsylvania was elected, one incumbent member director was reelected in Delaware, and two independent directors were reelected.
  • From Pennsylvania, one new member director was elected, Sheryl Jordan, Executive Vice President and Managing Director, Financial Institutions Group, PNC Bank, N.A.
  • She holds a BA in Economics and Business Administration from the University of Pittsburgh and an MBA from Georgia State University.

The Advanced Leadership Institute and Carnegie Mellon University Graduate the Inaugural Cohort of the National Executive Leadership Academy

Retrieved on: 
Thursday, December 7, 2023
Giant, Carnegie Mellon University, Black, Tulane University, Giant Eagle, BAE Systems, Organization, National academy, FedEx Ground, CMU, BNY Mellon, Wabtec, Faculty, Freeman School of Business, Energy efficiency, Robin Hood Foundation, The National Academy, PNC, Southern Border Region (California), Tepper School of Business, BNSF Railway, Partnership, International Rescue Committee, Administration, Government, Executive, Customer experience, Management, Nightclub, Film industry, Business

PITTSBURGH, Dec. 7, 2023 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University (CMU) are proud to announce the inaugural graduating cohort of the National Executive Leadership Academy.

Key Points: 
  • PITTSBURGH, Dec. 7, 2023 /PRNewswire/ -- The Advanced Leadership Institute (TALI) and Carnegie Mellon University (CMU) are proud to announce the inaugural graduating cohort of the National Executive Leadership Academy.
  • Since 2019, TALI has engaged CMU Tepper Executive Education to help develop and deliver content that educates and develops professionals from Pittsburgh through TALI's signature program — the Executive Leadership Academy.
  • TALI's National Executive Leadership Academy is a competitive program administered in partnership with CMU's Tepper School of Business to prepare Black leaders from across the country for national and global executive advancement.
  • We are equally excited about the impact this inaugural national cohort will make within their organizations and communities, contributing shared expertise and experience."

The PNC Financial Services Group Announces Fourth Quarter and Full Year Earnings Conference Call Details

Retrieved on: 
Tuesday, December 5, 2023
PNC, PNC Financial Services, NYSE, Conference

PITTSBURGH, Dec. 5, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the fourth quarter and full year 2023 at approximately 6:30 a.m. (ET), Tuesday, Jan. 16, 2024, as previously announced.

Key Points: 
  • PITTSBURGH, Dec. 5, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the fourth quarter and full year 2023 at approximately 6:30 a.m. (ET), Tuesday, Jan. 16, 2024, as previously announced.
  • PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET).
  • The following will be accessible at www.pnc.com/investorevents : a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary financial information; and a webcast replay available for 30 days.
  • A telephone replay of the call will be available for one week at (800) 633-8284 and (402) 977-9140 (international), Conference ID 22028514.