Achievements, Changes in Credit Facility, Closure of Financing Arrangements, Senior-level Appointments, and Awards - Analyst Notes on Capital One, Simon, PNC, BlackRock and Regions
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NEW YORK, April 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Capital One Financial Corp. (NYSE: COF), Simon Property Group Inc. (NYSE: SPG), PNC Financial Services Group Inc. (NYSE: PNC), BlackRock Inc. (NYSE: BLK) and Regions Financial Corporation (NYSE: RF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:
http://www.analystsreview.com/1159-100free.
Capital One Financial Corp. Analyst Notes
On April 7, 2014, Capital One Financial Corp. (Capital One) announced that it has received No.2 ranking in the prestigious InformationWeek Elite 100, a list of the top business technology innovators in the U.S. According to the Company, the InformationWeek Elite 100 selection team concluded that Capital One's focus on software engineering enables the Company to deliver digital products and services with increased speed and efficiency. Rob Alexander, Chief Information Officer, Capital One, said, "As a leader in digital banking and the nation's largest direct bank, so much of what we do as a company and the connections we make with our customers are driven by technology and innovation and we are intently focused on the customer experience across every Capital One business line." The full analyst notes on Capital One are available to download free of charge at:
http://www.analystsreview.com/1159-COF-.pdf
Simon Property Group Inc. Analyst Notes
On April 7, 2014, Simon Property Group Inc. (Simon) announced the revision and extension of its $4.0 billion unsecured multi-currency revolving credit facility. According to the Company, its revolving credit facility can be extended up to $5.0 billion during its term. Further, the credit facility will initially mature on June 30, 2018, but can be extended for an additional year to June 30, 2019 at the Company's sole option. The Company has decided LIBOR plus 80 basis points as the interest rate on the new revolver, which is below the previous interest rate of LIBOR plus 95 basis points. The revolving credit facility provides borrowings in U.S. Dollars, Euro, Yen, Sterling, Canadian Dollars and Australian Dollars denominations. JPMorgan and Bank of America Merrill Lynch are the Joint Lead Arrangers and Joint Book runners of this revolving credit facility. The full analyst notes on Simon are available to download free of charge at:
http://www.analystsreview.com/1159-SPG-.pdf
PNC Financial Services Group Inc. Analyst Notes
On April 7, 2014, PNC Bank, a part of PNC Financial Services Group Inc. (PNC Financial) announced the closure of $25 million in senior secured financing for Keywell Metals LLC, based in Chicago, Illinois. According to the Company, the funds were used in the acquisition of the assets of SGK Ventures, LLC (formerly Keywell, L.L.C.) by Prophet Equity. Further, the funds will also provide the ongoing working capital financing to Prophet Equity. The transaction includes a $20 million asset-based revolver, plus a $5 million term loan and treasury management service. The full analyst notes on PNC are available to download free of charge at:
http://www.analystsreview.com/1159-PNC-.pdf
BlackRock Inc. Analyst Notes
On April 8, 2014, a news article on Reuters reported that BlackRock Inc. has recruited Barry Knapp as the Head of its newly formed Thematic Strategies Team. Knapp will join BlackRock's New York office this summer, and will report to Rick Rieder, Chief Investment Officer, Fundamental Fixed Income and Co-Head of Americas Fixed Income at BlackRock. Knapp has previously worked with Barclays for a period of five years as Head of U.S. Equity Portfolio Strategy, as per the Reuters article. The full analyst notes on BlackRock are available to download free of charge at:
http://www.analystsreview.com/1159-BLK-.pdf
Regions Financial Corporation Analyst Notes
On April 9, 2014, Regions Financial Corporation (Regions) announced that it has awarded Joe Erwin, Problem Asset Management Team Leader in West Palm Beach, Florida, with the 'April 2014 Regions Bank Better Life Award'. The Company informed that the Better Life Award is the top honor awarded to a Regions associate for outstanding dedication and job performance, as well as exemplary involvement and commitment to the community. In addition, the Company also donates $1, 000 in the name of the associate to a charity of the winner's choice. Steve Nivet, Regions' South Florida Area President, said, "The benefit of being hands-on is that Joe is coaching and building stronger bankers while creating better outcomes for his team, our stakeholders and customers. What he does each day truly makes life better, and we're so proud to see him receive this special recognition." The full analyst notes on Regions are available to download free of charge at:
http://www.analystsreview.com/1159-RF-.pdf
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