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Ares Management Corporation Prices Offering of Senior Notes

Wed, 10/09/2024 - 21:44
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares” or the “Company”) (NYSE: ARES) today announced that it has priced an offering (the “Offering”) of $750,000,000 aggregate principal amount of its 5.600% Senior Notes due 2054 (the “notes”). The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC, Ares Finance Co. III LLC and Ares Finance Co. IV LLC. The Offering is

KBRA Assigns Preliminary Ratings to Santander Drive Auto Receivables Trust 2024-S2

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Santander Drive Auto Receivables Trust 2024-S2 ("SDART 2024-S2"), a re-securitization of a portion of the Class D notes (the "Underlying Class D Notes") and the entire certificate (the "Underlying Certificate") issued from the Santander Drive Auto Receivables Trust 2021-1 auto loan transaction ("SDART 2021-1" or the "Underlying Securitization Transaction"). The SDART 2024-S2 Class DX Notes are collater

Marathon Asset Management Acts as Joint Lead Arranger and Provides Senior Secured Credit Facility to Refinance Owl Cyber Defense

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners. Owl Cyber Defense is a leading provider of Cross Domain Solutions (CDS) and Data Diode technology, primarily to U.S. Department of Defense and Intelligence Community customers. Its p

Blackstone Secured Lending Fund Prices Public Offering of $400.0 million 5.350% Unsecured Notes due 2028

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (“BXSL” or the “Company”) announced today that it has priced an underwritten public offering of $400.0 million in aggregate principal amount of 5.350% notes due 2028. The notes will mature on April 13, 2028 and may be redeemed in whole or in part at BXSL’s option at the applicable redemption price. The Company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other th

Franklin Resources, Inc. Announces Month-End Assets Under Management

Wed, 10/09/2024 - 18:44
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at September 30, 2024, compared to $1.68 trillion at August 31, 2024. Long-term net outflows of $22.4 billion, inclusive of $27.9 billion of long-term net outflows at Western Asset Management,1 were partially offset by the impact of positive markets. For the quarter ended September 30, 2024, AUM reflected the positive

6sense Launches 2024 Buyer Experience Report Unveiling Global B2B Buyer Trends

Wed, 10/09/2024 - 18:44
LAS VEGAS--(BUSINESS WIRE)--6sense®, the leading platform revolutionizing B2B revenue generation, today announced the release of its annual 2024 Buyer Experience Report. Produced by the 6sense Research Team comprising former industry analysts, this comprehensive study reveals critical insights into how and when B2B buyers make purchasing decisions across North America, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC). The report finds B2B buyers are nearly 70% through their purcha

First Interstate BancSystem, Inc. Announces Appointment of James A. Reuter as President and CEO

Wed, 10/09/2024 - 18:44
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate or the “Company”) announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. “After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate,” said Stephen B. Bowman, First Interstate’s Board Chair. “Hav

DNP Select Income Fund Inc. Section 19(a) Notice

Wed, 10/09/2024 - 18:44
CHICAGO--(BUSINESS WIRE)--Notification of Sources of Distribution Distribution Period September 2024 Distribution Amount Per Share of Common Stock $0.065 The following table sets forth the estimated amounts of the current distribution, payable October 10, 2024 to shareholders of record September 30, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. All amounts are expressed pe

KBRA Assigns Ratings to PeoplesBancorp, MHC

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to PeoplesBancorp, MHC (“Peoples” or “the company”). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to its subsidiary, PeoplesBank. The Outlook for all long-term ratings is Stable. The ratings are supported by Peoples’ conservative risk

Media Advisory: FHLB Dallas and Austin Bank to Award $150,000 to Native American Housing Organization

Wed, 10/09/2024 - 18:44
LIVINGSTON, Texas--(BUSINESS WIRE)-- #affordablehousing--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Austin Bank will award $150,000 in Native American Housing Opportunities (NAHO) Fund grants to the Alabama-Coushatta Tribe of Texas Housing Authority at Tuesday, October 15, event at the tribe’s cultural center in Livingston, Texas. FHLB Dallas introduced the NAHO Fund this year to address the housing needs of federally recognized tribes and tribally designated housing entities (TDHEs

Five UBS Financial Advisors in the Pacific Desert Market Recognized by Forbes as Top Next-Gen Advisors

Wed, 10/09/2024 - 18:44
SAN DIEGO & NEWPORT BEACH, Calif. & PHOENIX & TUCSON, Ariz. & HONOLULU--(BUSINESS WIRE)-- #AaronRottenstein--Five UBS financial advisors based in Pacific Desert Market named to Forbes Top Next-Gen Wealth Advisors lists for 2024.

University of Phoenix Launches New Career-Focused Skill Pathways in Customer Service

Wed, 10/09/2024 - 18:44
PHOENIX--(BUSINESS WIRE)--In celebration of Customer Service Week, October 7-11, University of Phoenix is pleased to announce the launch of new career-focused skill pathways in customer service through its Professional Development Skills Center. According to the World Economic Forum’s Future of Jobs Report 2023, “service orientation and customer service” ranks as the 13th highest in-demand core skill, with nearly 35% of organizations considering it essential to their workforce. Furthermore, 54.

U.S. Middle Market Performance Shows Sustained Stability

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)--Middle market private companies in the Golub Capital Altman Index grew earnings by 8% during the first two months of the third quarter of 2024. Revenue grew 5% during the same period. Lawrence E. Golub, CEO of Golub Capital, said, “Solid revenue and earnings growth continued for companies in the Golub Capital Altman Index for the eighth consecutive quarter. The cost discipline and pricing power we highlighted throughout the recent inflationary period continues to pay

Victory Capital Reports September 2024 Total Client Assets

Wed, 10/09/2024 - 18:44
SAN ANTONIO--(BUSINESS WIRE)--Victory Capital Reports September 2024 Total Client Assets; Schedules Third-Quarter Financial Results Conference Call for November 8

Sallie Mae to Release Third-Quarter 2024 Financial Results

Wed, 10/09/2024 - 18:44
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release third-quarter 2024 financial results after market close on Wednesday, Oct. 23, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast. The earnings news release will be available at SallieMae.com/investors. A replay will also be available on the site. Sallie Mae (Nasda

Hess Midstream LP Schedules Earnings Release Conference Call

Wed, 10/09/2024 - 18:44
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP SCHEDULES EARNINGS RELEASE CONFERENCE CALL

Regional Management Corp. to Report Third Quarter 2024 Results on Wednesday, November 6, 2024

Wed, 10/09/2024 - 18:44
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it will report its third quarter 2024 results after the market closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management’s website at www.RegionalManagement.com. The dial-in number for the conference call is (844) 826-3

NYSE Group Consolidated Short Interest Report

Wed, 10/09/2024 - 18:44
NEW YORK--(BUSINESS WIRE)--NYSE today reported short interest as of the close of business on the settlement date of September 30, 2024. SETTLEMENT DATE EXCHANGE TOTAL CURRENT SHORT INTEREST TOTAL PREVIOUS SHORT INTEREST (Revised) NUMBER of SECURITIES with a SHORT POSITION NUMBER of SECURITIES with a POSITION >= 5,000 SHARES 09/30/2024 NYSE 13,687,376,544 13,898,024,420 2,914 2,638 09/30/2024 NYSE Arca 1,890,763,674 1,759,598,468 2,158 1,417 09/30/2024 NYSE American 697,071,528 667,242,900 32

Barings Corporate Investors Announces Quarterly Cash Dividend Of $0.40 Per Share

Wed, 10/09/2024 - 18:44
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") today announced that it has declared a quarterly dividend of $0.40 per share payable on November 15, 2024, to shareholders of record on November 4, 2024. The Trust will report preliminary financial results for the third quarter of 2024 on November 14, 2024. About Barings Corporate Investors Barings Corporate Investors is a closed-end management investment company advised by Barings L

Horizon Technology Finance Provides Third Quarter 2024 Portfolio Update

Wed, 10/09/2024 - 18:44
FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) (“HRZN” or “Horizon”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today provided its portfolio update for the third quarter ended September 30, 2024 and an update on the lending platform (“Hor

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