Lastest from Businesswire

ATLANTA--(BUSINESS WIRE)--Access Point Financial provided $195 million refinancing for The Beekman, A Thompson Hotel in Manhattan, New York.

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Burkhan World Investments (BWI), a leading investor in next-generation technologies, strongly supports President Donald Trump’s renewed focus on advancing border security, as outlined in his inaugural address. BWI is proud to stand behind the innovative AI-driven solutions developed by one of its portfolio companies, Blaize, which are poised to transform the way national borders are monitored and secured. Shahal Khan, Founder of Burkhan World In

NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced the launch of the NYSE® IPO Index (NYSEIPO), a new equal-weighted index to track the performance of companies listed on the NYSE Group’s exchanges that have been spun off, directly listed, uplisted from OTC or ex-U.S. markets or completed initial public offerings (IPOs) during the last three years. "This new index facilitates investment in the performance of

CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY) announced today that Brian F. Doran has joined the Company and Byline Bank as Executive Vice President, General Counsel. Mr. Doran will be responsible for leading the company’s overall legal function and corporate governance initiatives while providing operational and strategic support to the organization and its Board of Directors. Roberto R. Herencia, Executive Chairman and Chief Executive Officer of Byline Bancorp, Inc., stated, “Bria

ATLANTA--(BUSINESS WIRE)-- #AIinFinance--Algebrik AI Partners with OTTOMOTO® to Transform Automotive Lending with AI-Powered Loan Origination

NEW YORK--(BUSINESS WIRE)---- $BIGZ--BlackRock Advisors, LLC announced today that the Board of Trustees of BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (the “Trust”) has approved certain changes to the Trust’s investment policies (collectively, the “Strategy Changes”). As part of the Strategy Changes, the Trust will (i) adopt a new non-fundamental investment policy to invest, under normal market conditions, at least 80% of its total assets in a combination of equity securities issued by U.S. a

NEW YORK--(BUSINESS WIRE)---- $BFK--BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) has approved the following reorganizations (each, a “Reorganization” and collectively, the “Reorganizations), as applicable: BlackRock Municipal Income Trust II (NYSE: BLE), BlackRock Municipal Income Quality Trust (NYSE: BYM) and BlackRock Municipal Income Trust (NYSE: BFK) into BlackRock Muni

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”) today announced that it has entered into standstill agreements (the “Agreements”) with BlackRock Advisors, LLC, which is the investment advisor of the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) and the BlackRock Health Sciences Term Trust (NYSE: BMEZ) (the “Funds”), following constructive negotiations. Under the terms of the Agreements, BIGZ will conduct a tender offer to purc

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, home prices rose in 41 metros in December 2023. “Places that have long been known as affordable places to live, like Cleveland and Milwaukee, are now seeing double-digit price increases—and

NEW YORK--(BUSINESS WIRE)--Scienaptic AI, a New York-based leader in AI-powered credit underwriting, announces that its Credit Union Service Organization (CUSO) has secured strategic equity investments from four new partners. The coalition now includes three more credit unions clients—Alliance Catholic Credit Union, Partner Colorado Credit Union, and Advantage One Credit Union—and the Michigan Credit Union League. “As institutions deeply rooted in our communities, we recognize the transformativ

LOS ANGELES--(BUSINESS WIRE)--The Cashmere Fund (NASD: CSHMX, “the Fund”), a venture capital interval fund designed for retail and institutional investors alike, that supports its portfolio companies through influential partnerships, today announced a strategic collaboration with Apex Clearing Corporation (“Apex”), an innovation launchpad for the global investment ecosystem. As a new addition to the Apex platform, the Fund is set to be offered to clients of a leading Apex-supported brokerage in

FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, a leading payments network and software platform for the insurance industry, today announced it has appointed insurance technology industry veteran Scott G. Stephenson Chairman of the Board of Directors. Stephenson’s appointment follows the investment by Nordic Capital joining Great Hill Partners as owners in One Inc. One Inc’s management team also continues to hold a significant investment, underscoring its commitment to providing solutions that improv

LONDON & NEW YORK--(BUSINESS WIRE)---- $CMPS #Biotech--Compass Pathways plc (Nasdaq: CMPS) (“Compass”), a biotechnology company dedicated to accelerating access to evidence-based innovation in mental health, today announced the appointment of Steve Levine, M.D., as Chief Patient Officer, effective immediately. In this newly developed executive team role, Dr. Levine will be responsible for ensuring that patient-centric strategies are embedded across the organization and that treatments and initiatives developed by

NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $37.9 million, or $0.81 per diluted common share, for the fourth quarter of 2024, compared to $0.22 in the previous quarter and $0.63 in the fourth quarter of last year. Adjusted net income* was $39.8 million, or $0.85 per diluted common share, compared to $0.86 in the previous quarter and $0.77 in the fourth quarter of last year. The Company ended the fou

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 20, 2025, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results for Friday, February 21, 2025, at 9:00 a.m. ET. To listen to the call, please dial 87

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Package.ai, an AI-based platform that revolutionizes customer engagement and last-mile logistics for big-box retailers and service providers, today announced a minority growth investment led by Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm. SGE’s investment marks the first institutional fundraise for Package.ai, which has been mostly bootstrapped since inception. The funding round comes amid a unique paradigm shift for

NEW YORK--(BUSINESS WIRE)--Standard Chartered (the "Bank") is pleased to announce the appointment of Sal Vitale as Managing Director and Head of Coverage for the US and Americas, effective January 13, 2025. In this role, Sal will spearhead efforts to strengthen the Bank's coverage capability, connecting corporate and financial institution clients to its global footprint. Based in New York, Sal will report to Stella Choe, Global Head of Corporate Coverage; Molly Duffy and Jerry Zhang, Global Co-

BEVERLY HILLS, Calif.--(BUSINESS WIRE)---- $KW--Global real estate investment company Kennedy Wilson (NYSE: KW) will release its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, February 27, 2025. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has prepaid an additional $75 million of its Term Loan B debt. With this latest paydown, Tutor Perini has now successfully deleveraged its balance sheet by a total of $430 million over the past twelve months, with $320 million of the debt reduction due to the early paydown of the Term Loan B. As of January 21, 2025, th

NEWARK, N.J.--(BUSINESS WIRE)-- #O2Investment--O2 Investment Partners is pleased to announce that through its pool care platform Azureon, it has made an investment in Pelican Pools.