T Rowe Price Group Inc

NASDAQ:TROWUnited States

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• Press Release: OHA is Lead Lender and Lead Left Arranger for Alkegen Debt Refinancing, from 12:23PM ET on Tuesday Oct 01, 2024 by Dow Jones

  12:23PM ET on Tuesday Oct 01, 2024 by Dow Jones
  Companies Mentioned: TROW
  
  OHA is Lead Lender and Lead Left Arranger for Alkegen Debt Refinancing
  
  New York, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as lead lender and Lead Left Arranger of a comprehensive debt refinancing solution for Alkegen, a global specialty materials platform providing high performance materials used in advanced applications. OHA is the largest lender across the new senior facility, which consists of new $1,925 million first lien term loan and notes facilities and a new $200 million first-out revolving credit facility. Proceeds will be used primarily to refinance in full Alkegen's existing first lien term loans, pay down outstanding borrowings under its revolver, extend maturities and provide liquidity runway for the company to execute on its growth and operational plans. In addition, a majority of existing holders of Alkegen's secured and unsecured notes due 2028 and 2029 exchanged their notes for new second lien notes due 2029. Alkegen is separately commencing an offer to exchange all of the remaining secured and unsecured notes for new second lien notes.
  

• OHA is Lead Lender and Lead Left Arranger for Alkegen Debt Refinancing, from 12:23PM ET on Tuesday Oct 01, 2024 by Dow Jones

  12:23PM ET on Tuesday Oct 01, 2024 by Dow Jones
  Companies Mentioned: TROW
  
  OHA is Lead Lender and Lead Left Arranger for Alkegen Debt Refinancing
  
  New York, New York, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as lead lender and Lead Left Arranger of a comprehensive debt refinancing solution for Alkegen, a global specialty materials platform providing high performance materials used in advanced applications. OHA is the largest lender across the new senior facility, which consists of new $1,925 million first lien term loan and notes facilities and a new $200 million first-out revolving credit facility. Proceeds will be used primarily to refinance in full Alkegen's existing first lien term loans, pay down outstanding borrowings under its revolver, extend maturities and provide liquidity runway for the company to execute on its growth and operational plans. In addition, a majority of existing holders of Alkegen's secured and unsecured notes due 2028 and 2029 exchanged their notes for new second lien notes due 2029. Alkegen is separately commencing an offer to exchange all of the remaining secured and unsecured notes for new second lien notes.
  

• Citigroup Adjusts Price Target on T. Rowe Price to $120 From $122, Maintains Neutral Rating, from 10:06AM ET on Tuesday Oct 01, 2024 by MT Newswires

  10:06AM ET on Tuesday Oct 01, 2024 by MT Newswires
  Companies Mentioned: TROW
  10:06 AM EDT, 10/01/2024 (MT Newswires) -- T. Rowe Price (TROW) has an average hold rating and price target range of $99 to $125, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from major ban...

• T. ROWE PRICE ANNOUNCES FORMATION OF THE T. ROWE PRICE INVESTMENT INSTITUTE, from 8:15AM ET on Tuesday Oct 01, 2024 by PR Newswire

  8:15AM ET on Tuesday Oct 01, 2024 by PR Newswire
  Companies Mentioned: TROW

  26-year company veteran Justin Thomson to lead new initiative focused on investment talent development and institutional/intermediary client education

  T. Rowe Price, a global investment management firm and leader in retirement, announced it is forming the T. Rowe Price Investment Institute for the dual purposes of enhancing the firm's investment talent development and strengthening the delivery of T. Rowe Price's proprietary investment insights to clients. Justin Thomson, head of International Equity and a chief investment officer, has been named to head the Institute, which is scheduled to launch on January 1, 2025.

• Press Release: T. ROWE PRICE ANNOUNCES FORMATION OF THE T. ROWE PRICE INVESTMENT INSTITUTE, from 8:15AM ET on Tuesday Oct 01, 2024 by Dow Jones

  8:15AM ET on Tuesday Oct 01, 2024 by Dow Jones
  Companies Mentioned: TROW
  
  T. ROWE PRICE ANNOUNCES FORMATION OF THE T. ROWE PRICE INVESTMENT INSTITUTE
  
  PR Newswire
  
  BALTIMORE, Oct. 1, 2024
  
  26-year company veteran Justin Thomson to lead new initiative focused on investment talent development and institutional/intermediary client education