article thumbnail

Shenandoah Telecommunications Company to Acquire Horizon Telcom

Benzinga

24, 2023 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ: SHEN ) announced today it has entered into a definitive agreement to acquire 100% of the equity interests in Horizon Acquisition Parent LLC ("Horizon" or "Horizon Telcom") for $385 million (the "Transaction"). and Fifth Third Bank, N.A.

EBITDA 40
article thumbnail

Morrison & Foerster Discusses Proposed Revisions to Capital Framework for Large Banking Organizations

Reynolds Holding

On July 27, the three federal banking agencies (the Agencies) [1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision.

Banking 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sullivan & Cromwell Discusses EU’s Corporate Sustainability Reporting Requirements

Reynolds Holding

By 2028, however, the European Commission plans to adopt standards for reasonable assurance analogous to the standard currently required for financial statements, following an assessment to determine the feasibility of reasonable assurance for auditors and companies subject to the CSRD. until 2028. BACKGROUND.

article thumbnail

Sullivan & Cromwell Discusses the Implications for Financial Institutions of Proposed SEC Climate Disclosure Rules

Reynolds Holding

However, in response to demands from investors and other stakeholders, many banks, asset managers and insurance companies have voluntarily made climate disclosures in their sustainability or environmental, social and governance (ESG) reports or other public materials. In the insurance sector, the U.S.

Finance 45
article thumbnail

Mayer Brown Discusses Bank Regulators’ Proposed Overhaul of Capital Requirements

Reynolds Holding

1 These proposals are of critical importance because the amount of capital a bank must maintain with respect to any particular loan, investment or activity is typically a significant – if not the most significant – factor in determining whether the relationship is profitable or even feasible.

Banking 52