Crédit Agricole

"Think Business, Think Hong Kong" drives French businesses to tap Asian opportunities via Hong Kong

Retrieved on: 
Wednesday, September 20, 2023

HONG KONG, Sept 20, 2023 - (ACN Newswire) - The Think Business, Think Hong Kong (TBTHK) mega promotion organised by the Hong Kong Trade Development Council (HKTDC) was held on 19 September in Paris, France.

Key Points: 
  • HONG KONG, Sept 20, 2023 - (ACN Newswire) - The Think Business, Think Hong Kong (TBTHK) mega promotion organised by the Hong Kong Trade Development Council (HKTDC) was held on 19 September in Paris, France.
  • They discussed the global economic outlook, advantages Hong Kong offers international businesses to achieve global success and how businesses can tap Asian opportunities via Hong Kong.
  • Supported by the Hong Kong Tourism Board, a Hong Kong Cafe was set up at the symposium, offering participants a taste of Hong Kong.
  • It was attended by some 300 prominent business leaders, government officials and representatives from the Hong Kong and French business communities.

First Solar Secures $1 Billion Revolving Credit Facility

Retrieved on: 
Thursday, July 6, 2023

First Solar , Inc. (Nasdaq: FSLR) announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.

Key Points: 
  • First Solar , Inc. (Nasdaq: FSLR) announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.
  • The facility includes up to $250 million which is available for the issuance of letters of credit.
  • J.P. Morgan Chase Bank acted as Lead Arranger and is Administrative Agent for the facility.
  • View the full release here: https://www.businesswire.com/news/home/20230706738811/en/
    First Solar, America's largest solar manufacturer, announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion.

Academy Securities Announces Key Credit Trading and Sales Hires

Retrieved on: 
Thursday, June 22, 2023

Ken Casatuta is an industry veteran with 37 years of institutional fixed income, credit trading, & risk management experience in both corporate bonds and credit default contracts.

Key Points: 
  • Ken Casatuta is an industry veteran with 37 years of institutional fixed income, credit trading, & risk management experience in both corporate bonds and credit default contracts.
  • Mr. Casatuta started his career trading at Salomon Brothers/Citigroup and subsequently held trading desk positions as Director at Credit Suisse, Managing Director at BTIG, and Executive Director at Mizuho Securities.
  • Most recently, Mr. Kucinich was at Credit Agricole CIB, also on the IG credit sales desk, as well as the high yield desk.
  • Academy Securities is a preeminent disabled veteran owned investment bank with strength in capital markets, public finance, fixed income, and equity trading.

GE HealthCare Technologies Inc. Prices Secondary Offering of 25,000,000 Shares

Retrieved on: 
Thursday, June 8, 2023

GE HealthCare Technologies Inc. (Nasdaq: GEHC) (the “Company” or “GE HealthCare”) announced today the pricing of the previously announced secondary underwritten public offering (the “Offering”) of 25,000,000 shares of its common stock (the “GEHC Shares”) at a public offering price of $78.00 per share.

Key Points: 
  • GE HealthCare Technologies Inc. (Nasdaq: GEHC) (the “Company” or “GE HealthCare”) announced today the pricing of the previously announced secondary underwritten public offering (the “Offering”) of 25,000,000 shares of its common stock (the “GEHC Shares”) at a public offering price of $78.00 per share.
  • GE HealthCare is not selling any shares of common stock and will not receive any proceeds from the sale of the GEHC Shares in the Offering or from the debt-for-equity exchange (as described below).
  • Prior to the closing of the Offering, General Electric Company (“GE”) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior Funding, Inc. and Morgan Stanley Bank, N.A.
  • The selling stockholder in the Offering has granted the underwriters an option to purchase additional shares of GE HealthCare common stock at the public offering price less the underwriting discount for 30 days.

DF101 Private Venture Club Expands Portfolio, Embraces Islamic Coin

Retrieved on: 
Wednesday, May 24, 2023

Zug, Switzerland, May 24, 2023 (GLOBE NEWSWIRE) -- DF101, a decentralized private venture club, has announced participation in Islamic Coin: the ethics-first, Shariah-compliant digital money.

Key Points: 
  • Zug, Switzerland, May 24, 2023 (GLOBE NEWSWIRE) -- DF101, a decentralized private venture club, has announced participation in Islamic Coin: the ethics-first, Shariah-compliant digital money.
  • The venture club’s primary areas of interest are DAO platforms, L1/L0 (cross-chain) infrastructure, DeFi, DID, and AI solutions.
  • Islamic Coin has already shattered industry records, securing over $200M from institutional and private investors.
  • “DF101 is a club with a solid data scoring platform backed by the most experienced Web3 investors — and we are thrilled to support Islamic Coin,” commented DF101 co-founder Alex Blagirev.

Eagle Bulk Shipping Inc. Announces $175 million Upsize and Extension of its Credit Facility

Retrieved on: 
Wednesday, May 17, 2023

The senior secured Amended Credit Facility (the “Facility”) totals $485 million, comprised of a $300 million term loan and a $185 million revolving credit facility, and bears an interest rate of Adjusted Term SOFR plus a margin of between 2.05% and 2.75%, depending on leverage and the Company meeting certain sustainability-linked criteria.

Key Points: 
  • The senior secured Amended Credit Facility (the “Facility”) totals $485 million, comprised of a $300 million term loan and a $185 million revolving credit facility, and bears an interest rate of Adjusted Term SOFR plus a margin of between 2.05% and 2.75%, depending on leverage and the Company meeting certain sustainability-linked criteria.
  • The term loan will continue to amortize at a rate of $12.5 million per quarter, while starting in September, the availability under the revolving credit facility will reduce at a rate of $5.5 million per quarter.
  • As of today, $260 million remains available under the Facility, $75 million under the term loan, and $185 million under the revolving credit facility.
  • Credit Agricole also acted as Structurer and Sustainability Coordinator and is the Facility Agent for the loan.

Paramount Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 today and reported results for the first quarter ended March 31, 2023.

Key Points: 
  • Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 today and reported results for the first quarter ended March 31, 2023.
  • Reported net income attributable to common stockholders of $1.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2023, compared to $3.4 million, or $0.02 per diluted share, for the quarter ended March 31, 2022.
  • Declared a first quarter cash dividend of $0.0775 per common share on March 15, 2023, which was paid on April 14, 2023.
  • Same Store NOI increased by $6.8 million, or 7.1%, to $102.4 million for the quarter ended March 31, 2023 from $95.6 million for the quarter ended March 31, 2022.

SunPower Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

Launched unique VPP offering in California: In April, SunPower and OhmConnect announced a new virtual power plant (VPP) offering.

Key Points: 
  • Launched unique VPP offering in California: In April, SunPower and OhmConnect announced a new virtual power plant (VPP) offering.
  • Continued to diversify panel supply: With three new agreements in place, SunPower has secured panel supply to fully address its anticipated 2023 demand and beyond.
  • Historic growth in SunPower Direct: The company grew SunPower Direct bookings by 97% year-over-year and doubled channel revenue quarter-over-quarter.
  • Expanding multifamily coverage: SunPower grew its New Homes multifamily business, surpassing full year 2022 category bookings in the first quarter of 2023.

Tivic Announces Appointment of New Interim CFO, Kimberly Bambach, and Strategic Advisor to the Board, Christine Valauri

Retrieved on: 
Wednesday, May 3, 2023

Ms. Bambach brings over 30 years of financial leadership experience in both public and private companies across industries.

Key Points: 
  • Ms. Bambach brings over 30 years of financial leadership experience in both public and private companies across industries.
  • Her background includes financial leadership in medical and retail markets, manufacturing, wholesale distribution, licensing, digital media, and broadcasting.
  • Since leaving Jushi as CFO, Bambach has continued as an advisor to the company while providing consulting services to several private companies.
  • “I am pleased to have such an experienced financial leader join our leadership team,” said Jennifer Ernst, CEO of Tivic.

Global Open Banking Market Opportunities and Strategies Report 2023: Sector is Expected to Reach $136 Billion in 2031 at a CAGR of 23%

Retrieved on: 
Friday, April 28, 2023

The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.

Key Points: 
  • The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.
  • Going forward, the app market segment is expected to be the fastest growing segment in the open banking market segmented by distribution channel, at a CAGR of 30.7% during 2021-2026.
  • The global open banking market is consolidated with small number of large players dominating the market.
  • The top opportunities in the open banking market segmented by distribution channel will arise in the app market market segment, which will gain $16,432.9 million of global annual sales by 2026.