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KBRA Assigns Preliminary Ratings to Servpro Master Issuer LLC and Takes Other Rating Actions

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to two classes of notes from Servpro Master Issuer LLC (the Issuer), Series 2024-1 (Servpro 2024-1), a whole business securitization (WBS). In conjunction with the issuance of Servpro 2024-1, the Servpro 2019-1 Class A-1 Notes are expected to be refinanced, at which time KBRA will withdraw the rating. At that time, KBRA also anticipates affirming the ratings on the Issuer’s outstanding Series 2019-1 Class A-2 Notes, Series 2021-1 Class

Lyons & Simmons Partner Stephen Higdon Honored by D Magazine

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
DALLAS--(BUSINESS WIRE)--Stephen Higdon, partner at the trial firm Lyons & Simmons LLP has been named among the Best Lawyers Under 40 by D Magazine. It is his fourth selection to the annual listing of North Texas’ leading young lawyers based upon his representation of plaintiffs in catastrophic personal injury matters. Higdon has extensive trial experience in cases involving catastrophic personal injury, wrongful death, and complex business litigation. Recently, he was instrumental in secur

Moses Singer Appoints Melissa Bassin and John Baranello to Partner

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
NEW YORK--(BUSINESS WIRE)--Moses & Singer LLP is pleased to announce the election of Melissa Bassin and John Baranello to partner, effective January 1, 2024. Melissa Bassin – Real Estate Bassin’s diverse commercial real estate practice involves representing landlords and tenants in leasing transactions across a variety of asset classes including, office, retail, restaurant, and warehouse uses, and purchasers and sellers in the acquisition, financing, and disposition of real property. She ea

KBRA Releases CREFC January Conference 2024 – Day 2 Recap

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA releases its Day 2 recap of the CRE Finance Council (CREFC) January Conference 2024. Day 2 of the conference opened with the Servicers and Special Situations Forum, with discussion of topics such as valuation uncertainty, special servicing advances, and reviews of distressed assets. This was followed by additional panels that included three more forums: alternative lenders and high-yield investors, B-piece buyers, and investment-grade bondholders. The day’s lunch

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Dates of Quarterly Tender Offer

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced that the Fund's Board of Directors has approved the Fund's quarterly tender offer (the "Tender Offer") with the following terms: Number of Shares 2.5% of the Fund's outstanding shares as of December 31, 2023 Commencement Date January 17, 2024 Expiration Date and Time February 13, 2024 at 5:00 p.m. Eastern Time, unless otherwise extended Price Net asset value per share determined a

Beyond Fifteen Communications, Inc. Celebrates Industry Excellence in 2023

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
IRVINE, Calif.--(BUSINESS WIRE)-- #agency--Beyond Fifteen Communications, Inc., a full-service public relations, digital marketing, social media and influencer marketing agency based in Orange County, Calif., reflects on a year distinguished by exceptional accomplishments – including the receipt of two prestigious awards, the addition of esteemed clients to its expanding portfolio and a successful team-wide community service initiative. A highlight of the year—underscoring Beyond Fifteen’s proven track r

Managed Direct Response Founder, Pat Mercuri, Nominated for OCBJ’s Excellence in Entrepreneurship Awards for a 10th Consecutive Year

Lastest from Businesswire - Wed, 01/10/2024 - 14:51
IRVINE, Calif.--(BUSINESS WIRE)--Managed Direct Response Founder, Pat Mercuri, Nominated for OCBJ’s Excellence in Entrepreneurship Awards for a 10th Consecutive Year

Principal® Announces New Presenting Sponsorship of the John R. Wooden Award

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® and the Los Angeles Athletic Club today announced a new presenting sponsorship of the John R. Wooden Award. The sponsorship reflects the dedication of Principal® to celebrate expertise, excellence, and equality in sports. The Wooden Award offers a unique opportunity to pair the shared values of Coach Wooden and Principal to support the women, men and coaches who are shaping today’s game. “Principal sponsorship of the Wooden Award is

KBRA Affirms and Assigns Rating on Senior Notes and MRPS Issued by Kayne Anderson Energy Infrastructure Fund, Inc.

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the ‘AAA’ rating to the outstanding Senior Notes and affirms the ‘A+’ ratings to the outstanding Mandatory Redeemable Preferred Shares issued by Kayne Anderson Energy Infrastructure Fund, Inc. (“KYN” or the “Fund”). Concurrently, KBRA assigns the ‘AAA’ rating to the additional Senior Note (Series VV) with an aggregate size of $25 million. The Fund is registered under the Investment Company Act of 1940 (the “'40 Act”) and is a closed-end investment fund ma

Reperio Health Enables Vanderbilt Health Employer Solutions to Add At-Home Screenings to its Growing Portfolio

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
PORTLAND, Ore.--(BUSINESS WIRE)--Reperio Health, the only provider of at-home and onsite comprehensive health screenings with instant results, announced today it is now fueling new at-home screening capabilities for Vanderbilt Health Employer Solutions (VHES), which provides innovative workforce health and wellness programs to businesses in the Mid-South and across the United States. Vanderbilt Health will now offer its employer clients access to Reperio’s full-service and comprehensive health

Worldwide PC Shipments Declined 2.7% Year Over Year in the Fourth Quarter of 2023 but Visions of Growth Lie Ahead, According to IDC

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
NEEDHAM, Mass.--(BUSINESS WIRE)-- #Apple--Global shipments of traditional PCs surpassed expectations in Q4 2023 with 67.1 million PCs shipped, down 2.7% from the prior year, according to IDC.

Brian Crane, CEO of Intero, a Berkshire Hathaway Affiliate, Named Among the 2024 Swanepoel Power 200 List

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
CUPERTINO, Calif.--(BUSINESS WIRE)-- #BrianCrane--Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is proud to announce its Chief Executive Officer, Brian Crane, has been named on the 2024 Swanepoel Power 200 (SP 200) list. The SP 200 ranks the most powerful and influential leaders and executives in the residential real estate brokerage industry. Highly regarded within the real estate community, Brian is an industry veteran of more than three decades and on

Sunlight Financial in Partnership with Cross River Bank Announce the Successful Sale of Approximately $300 Million Solar Loan Asset Pool

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial Holdings Inc. (“Sunlight”), a leading point-of-sale finance company advancing the clean energy transition with technology-driven solutions, today announced a significant transaction in partnership with Cross River Bank (“Cross River”). Together, Sunlight and Cross River sold a pool of approximately $300 million in solar loan assets, demonstrating strong market confidence in Sunlight-sourced solar loans. The pool was acquired by a leading inte

Bespoke Partners Initiates Coverage of Healthcare IT Sector, Delivering Curated Access to High-Impact Software and SaaS Leaders

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
SAN DIEGO--(BUSINESS WIRE)-- #bespokepartners--Bespoke Partners, recognized as the largest executive search firm focused on software, announced today it is initiating coverage of the Healthcare IT sector to provide clients with curated access to its extensive network of software and SaaS leaders. Bespoke has completed 80 successful placements of top executives in private equity portfolio companies that are pioneering Healthcare IT applications. This heightened focus is a significant extension of Bespoke's Private

Built In Honors doxo in its 2024 Best Places to Work Awards

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
SEATTLE--(BUSINESS WIRE)--doxo today announced it was named to the Built In 2024 Best Places to Work Awards, earning a place on Seattle’s “Best Places to Work” and “Best Midsize Places to Work” lists. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S. “It’s an absolute honor to be recognized by Built In as one of the best Seattle-based workplaces fo

Robert E. (“Bobby”) Krimmel Named Chief Administrative Officer

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Robert E. (“Bobby”) Krimmel was named to the newly created position as Chief Administrative Officer in addition to continuing as the Chief Financial Officer of First Farmers and Merchants Corporation. “Bobby Krimmel joined First Farmers in 2015 as Chief Financial Officer and his strong skills in financial management had an imm

Property Fintech Downpayments Launches with $32.8M in Initial Capital to Unlock Equity and Fast-Track Financial Independence for Property Investors

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
MIAMI--(BUSINESS WIRE)--Downpayments, which provides interest-free down payments for property investors, announced today the general availability of its services in Florida, in addition to $32.8M in initial debt funding from Partners for Growth, and equity from Second Century Ventures (backed by the National Association of Realtors). The company will use this new injection of capital to power over $200M in investment property transactions. Mortgage rates skyrocketing to nearly 8% this year has

NineDot Energy Raises $225 Million in Equity Financing to Build and Operate Distributed Battery Energy Storage Projects

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
NEW YORK--(BUSINESS WIRE)--NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metropolitan area, today announced that it secured an additional $225 million equity capital commitment from Manulife Investment Management as well as Carlyle (NASDAQ: CG), NineDot’s existing institutional equity investor. Manulife Investment Management led the round with a $135 million commitment and concurrently acquired an equity interest. This new e

Berkshire Partners Managing Directors Candice Corvetti and Drew Walker Named to GrowthCap's “Top 40 Under 40 Growth Investors of 2023”

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
BOSTON--(BUSINESS WIRE)--Berkshire Partners is pleased to announce Managing Directors Candice Corvetti and Drew Walker have been named to GrowthCap’s “Top 40 Under 40 Growth Investors of 2023” list. GrowthCap’s 10th annual list recognizes the industry’s leading private capital investment professionals for their leadership qualities and overall contributions to deal activity. Ms. Corvetti was promoted to Managing Director at Berkshire Partners in 2023. She is a leader within the firm’s Services

Prometheum Receives First of Its Kind Approval From FINRA to Clear and Settle Digital Asset Securities

Lastest from Businesswire - Wed, 01/10/2024 - 11:51
NEW YORK--(BUSINESS WIRE)--Prometheum Inc., today announced its plan to launch its digital asset securities custody platform in Q1 2024. Following its recent membership approval with Financial Industry Regulatory Authority (“FINRA”) to operate as a Special Purpose Broker-Dealer (“SPBD”) to custody digital asset securities, Prometheum Capital LLC, a subsidiary of Prometheum Inc., today expanded its business to include clearing and settlement of digital asset security trades for its affiliate, Pr

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