NEW YORK, NY, June 26 (Bernama-GLOBE NEWSWIRE) -- Global Infrastructure Partners (“GIP” or “the Firm”), a leading independent global infrastructure investor, announced today that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).
Since GIP’s inception in 2006, ESG considerations have been at the core of its approach to ensuring that it invests in and operates its businesses in a safe and responsible manner. The Firm believes placing environmental, health & safety, labor, social, governance and business integrity concerns at the core of its processes as crucial to the delivery of strong returns for the Firm’s investors. Moreover, GIP’s monitoring of ESG performance across its portfolio companies also allows the Firm to share expertise and best practices.
Bayo Ogunlesi, Chairman and Managing Partner of GIP, commented: “While GIP has always been aligned with the Principles for Responsible Investment, we believe that formally embracing these principles as a signatory reinforces our long held belief that being best in class on ESG, climate change and diversity issues leads to better investment outcomes, while at the same time providing third party validation of our processes and performance.”
“We are delighted to welcome Global Infrastructure Partners as a PRI signatory”, said Fiona Reynolds, CEO of the PRI. “Their commitment demonstrates the growing awareness of the importance of ESG to the investment decision-making and management process.”
About Global Infrastructure Partners
Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP’s 40 equity portfolio companies employ approximately 62,000 people in over 50 countries. GIP’s teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. For more information, visit www.global-infra.com.
About The Principles for Responsible Investment
The PRI works with its international network of signatories to put the six Principles for Responsible Investment into practice. Its goals are to understand the investment implications of ESG issues and to support signatories in integrating these issues into investment and ownership decisions. The six Principles were developed by investors and are supported by the United Nations. The PRI does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations.
Media Inquiries Team
Global Infrastructure Partners
+1 646 282 1545
mediainquiries@global-infra.com
SOURCE : Global Infrastructure Partners
Friday 26 June 2020
GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES INVESTMENT IN SENIOR SECURED NOTES OF WHISTLER PIPELINE LLC
NEW YORK, NY, June 26 (Bernama-GLOBE NEWSWIRE) -- Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, announced today that its credit fund, GIP Spectrum Fund, L.P., along with its affiliates and co-investors (together “GIP Spectrum”, “Spectrum” or the “Fund”), has closed on the purchase of $325 million of an aggregate $400 million senior secured bullet notes (the “Notes”) in Whistler Pipeline, LLC (“Whistler Pipeline” or the “Project”). Whistler Pipeline is a greenfield, approximately 500‐mile, 2.0 Bcf/d natural gas pipeline that will connect the Permian Basin to the Agua Dulce hub near Corpus Christi, Texas. The Project is underpinned by long term, contractual minimum volume agreements from investment grade customers and represents critical natural gas takeaway infrastructure from the prolific Permian Basin. The Project will provide Permian producers direct access to the South Texas markets, as well as liquefied natural gas (“LNG”) and Mexican export markets.
Proceeds from the Notes, together with a senior secured bank term loan, senior secured amortizing note and common equity from Whistler Pipeline’s consortium of owners, consisting of MPLX LP (NYSE: MPLX), WhiteWater Midstream (“WhiteWater”) and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, will fund construction of the Project. The Whistler Pipeline is expected to be in-service in the third quarter of 2021. The Project was developed by WhiteWater, an Austin-based independent midstream company that provides transportation services to domestic oil and gas plays. Founded in 2016, WhiteWater currently manages $3 billion in gas transmission assets originating in the Permian Basin.
The Whistler Pipeline transaction represents GIP Spectrum’s inaugural investment. The Spectrum strategy provides customized credit financings for infrastructure issuers in GIP’s core sectors of midstream energy, power, renewables and transport, while leveraging GIP’s significant operating expertise. “We are very pleased to have entered into this transaction with Whistler Pipeline and its sponsors, MPLX, WhiteWater, Stonepeak and WTG,” said Jennifer Powers, GIP Partner and Chair of GIP Credit. “The Project will provide a critical connection that will alleviate the constraints for takeaway capacity out of the Permian Basin. This investment exemplifies GIP Spectrum’s ability to provide unique credit solutions in size for high quality, essential infrastructure projects, and move quickly to efficiently conduct due diligence even during these unprecedented market conditions.”
“WhiteWater remains incredibly excited about Whistler. Closing the debt financing in the current market environment is a testament to the quality of the project and the efforts of all our partners. We are excited to be the first investment in the GIP Spectrum Fund and appreciate the creativity and support of the GIP Credit team to help make this financing a success” said Scott Simmons, Senior Vice President and Chief Financial Officer of WhiteWater Midstream.
About Global Infrastructure Partners
Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP’s teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP Spectrum is part of GIP’s credit platform (“GIP Credit”) which provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies. For more information, visit www.global-infra.com.
Media Inquiries Team
Global Infrastructure Partners
+1 646 282 1545
mediainquiries@global-infra.com
SOURCE : Global Infrastructure Partners
Proceeds from the Notes, together with a senior secured bank term loan, senior secured amortizing note and common equity from Whistler Pipeline’s consortium of owners, consisting of MPLX LP (NYSE: MPLX), WhiteWater Midstream (“WhiteWater”) and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas, will fund construction of the Project. The Whistler Pipeline is expected to be in-service in the third quarter of 2021. The Project was developed by WhiteWater, an Austin-based independent midstream company that provides transportation services to domestic oil and gas plays. Founded in 2016, WhiteWater currently manages $3 billion in gas transmission assets originating in the Permian Basin.
The Whistler Pipeline transaction represents GIP Spectrum’s inaugural investment. The Spectrum strategy provides customized credit financings for infrastructure issuers in GIP’s core sectors of midstream energy, power, renewables and transport, while leveraging GIP’s significant operating expertise. “We are very pleased to have entered into this transaction with Whistler Pipeline and its sponsors, MPLX, WhiteWater, Stonepeak and WTG,” said Jennifer Powers, GIP Partner and Chair of GIP Credit. “The Project will provide a critical connection that will alleviate the constraints for takeaway capacity out of the Permian Basin. This investment exemplifies GIP Spectrum’s ability to provide unique credit solutions in size for high quality, essential infrastructure projects, and move quickly to efficiently conduct due diligence even during these unprecedented market conditions.”
“WhiteWater remains incredibly excited about Whistler. Closing the debt financing in the current market environment is a testament to the quality of the project and the efforts of all our partners. We are excited to be the first investment in the GIP Spectrum Fund and appreciate the creativity and support of the GIP Credit team to help make this financing a success” said Scott Simmons, Senior Vice President and Chief Financial Officer of WhiteWater Midstream.
About Global Infrastructure Partners
Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport and water/waste sectors in both OECD and select emerging market countries. GIP’s teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP Spectrum is part of GIP’s credit platform (“GIP Credit”) which provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies. For more information, visit www.global-infra.com.
Media Inquiries Team
Global Infrastructure Partners
+1 646 282 1545
mediainquiries@global-infra.com
SOURCE : Global Infrastructure Partners
Thursday 18 June 2020
AmBank rewards Grand Prize winner RM30,000 cashback in Visa Olympic Games Tokyo 2020 Campaign
KUALA LUMPUR, June 18 -- Lady luck smiled on a marketing executive when he was named Grand Prize winner of the Visa Olympic Games Tokyo 2020 Campaign for AmBank Cardholders.
Gan Ean Chye, 59, walked away with RM30,000 in cashback.
The campaign which ran from Dec 15, 2019 to April 15, offered AmBank Visa credit cardholders a chance to win attractive prizes and rewarded its lucky cardholders who spent a minimum of RM20 in a single receipt to earn entries during the period.
“AmBank offers a variety of Visa credit cards to cater and suit our cardholders’ needs. This campaign is one of our many reward programmes for our loyal cardholders who deserve our gratitude for their continuous support and confidence in banking with us,” said AmBank (M) Berhad Managing Director (Retail Banking), Aaron Loo.
With the postponement of the Olympic Games Tokyo 2020, the Grand Prize was revised to cashback, instead of the all paid trip to Tokyo, according to a statement.
Aside from the RM30,000 cashback, 10 lucky winners were presented with RM2,020 cashback and another 10 won the latest edition of smart tablets worth RM1,499.
In light of the current implementation of the Movement Control Order, no official prize giving ceremony was held as the cashback will be credited directly to the Grand Prize winner, while arrangement has been made to deliver the respective prizes to the other winners.
-- BERNAMA
Gan Ean Chye, 59, walked away with RM30,000 in cashback.
The campaign which ran from Dec 15, 2019 to April 15, offered AmBank Visa credit cardholders a chance to win attractive prizes and rewarded its lucky cardholders who spent a minimum of RM20 in a single receipt to earn entries during the period.
“AmBank offers a variety of Visa credit cards to cater and suit our cardholders’ needs. This campaign is one of our many reward programmes for our loyal cardholders who deserve our gratitude for their continuous support and confidence in banking with us,” said AmBank (M) Berhad Managing Director (Retail Banking), Aaron Loo.
With the postponement of the Olympic Games Tokyo 2020, the Grand Prize was revised to cashback, instead of the all paid trip to Tokyo, according to a statement.
Aside from the RM30,000 cashback, 10 lucky winners were presented with RM2,020 cashback and another 10 won the latest edition of smart tablets worth RM1,499.
In light of the current implementation of the Movement Control Order, no official prize giving ceremony was held as the cashback will be credited directly to the Grand Prize winner, while arrangement has been made to deliver the respective prizes to the other winners.
-- BERNAMA
Tuesday 9 June 2020
ELEVAT8 CREATES A NEW ONLINE FINANCIAL PLANNING PROGRAM FOR SME & COMPANIES OPERATING IN MALAYSIA
KUALA LUMPUR, June 9 (Bernama) --
The current COVID-19 pandemic has prompted Lim Yee Von and Sabrina Tan,
the two young financial planners to create Elevat8, a platform to
facilitate and help professionals and companies to have a better
understanding on financial planning.
Elevat8 provides complimentary financial planning advisory to all the employees and management of SME and companies operating in Malaysia. The first uniquely designed Financial Fitness Program (FFP) focusses on financial assessment in family protection or restructuring protection, cash liquidity planning during emergency or crisis and children education planning. It is a custom made program in personal financial planning that will provide better understanding on how to manage their cash flow especially during crisis.
http://mrem.bernama.com/viewsm.php?idm=37506
From left: Natasha Idayu, financial planner working with Sabrina Tan, COO and Lim Yee Von CEO of Elevat8 to understand and assess their client's financial planning goals.
Elevat8 provides complimentary financial planning advisory to all the employees and management of SME and companies operating in Malaysia. The first uniquely designed Financial Fitness Program (FFP) focusses on financial assessment in family protection or restructuring protection, cash liquidity planning during emergency or crisis and children education planning. It is a custom made program in personal financial planning that will provide better understanding on how to manage their cash flow especially during crisis.
http://mrem.bernama.com/viewsm.php?idm=37506
From left: Natasha Idayu, financial planner working with Sabrina Tan, COO and Lim Yee Von CEO of Elevat8 to understand and assess their client's financial planning goals.
Wednesday 3 June 2020
CITI MARKETS AND SECURITIES SERVICES IN ASIA PACIFIC RAISES USD 1 MILLION TO SUPPORT COVID-19 RELIEF EFFORTS
KUALA LUMPUR, June 1 (Bernama) -- Citi on May 28 announced that it has raised USD 1 million in Asia Pacific in an effort to support the United Nations Development Programme (UNDP) to address COVID-19 challenges across the region.
The fund-raising was a joint effort by several Markets and Securities Services businesses including Regional Cash Equities, Rates & Currencies, and Corporate Sales & Solutions, to donate a percentage of their revenues during the campaign period of May 18-22.
“These are historic times and the COVID-19 pandemic poses a test for our generation like none we have seen,” says Stuart Staley, Citi’s Asia Pacific Head of Markets and Securities Services. “This was an employee-led initiative that was designed to address the disproportionally large impact that the Coronavirus is having on vulnerable communities throughout the APAC region. We are grateful to our clients for their continued support and partnering with us to make a positive difference in the communities that we serve across the region.”
Citi’s contribution to the UNDP will be utilized for the most vulnerable and marginalized communities across the region, including families below the poverty line, women at risk and migrant workers. It will be used for providing socio-economic recovery and livelihood support, including food rations, medical supplies and personal protection equipment, to those most impacted from COVID-19, due to loss of livelihood and inaccessibility to healthcare and essential needs. To learn more about UNDP’s response to COVID-19, please visit their website.
http://mrem.bernama.com/viewsm.php?idm=37461
The fund-raising was a joint effort by several Markets and Securities Services businesses including Regional Cash Equities, Rates & Currencies, and Corporate Sales & Solutions, to donate a percentage of their revenues during the campaign period of May 18-22.
“These are historic times and the COVID-19 pandemic poses a test for our generation like none we have seen,” says Stuart Staley, Citi’s Asia Pacific Head of Markets and Securities Services. “This was an employee-led initiative that was designed to address the disproportionally large impact that the Coronavirus is having on vulnerable communities throughout the APAC region. We are grateful to our clients for their continued support and partnering with us to make a positive difference in the communities that we serve across the region.”
Citi’s contribution to the UNDP will be utilized for the most vulnerable and marginalized communities across the region, including families below the poverty line, women at risk and migrant workers. It will be used for providing socio-economic recovery and livelihood support, including food rations, medical supplies and personal protection equipment, to those most impacted from COVID-19, due to loss of livelihood and inaccessibility to healthcare and essential needs. To learn more about UNDP’s response to COVID-19, please visit their website.
http://mrem.bernama.com/viewsm.php?idm=37461
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