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citigroup

Adidas replaces KfW syndicated loan facility

1 min read

The FINANCIAL — Following a series of successful financing activities, adidas has replaced the syndicated revolving loan facility under participation of KfW, Germany’s state-owned development bank. The company had received the approval of the German government for the participation of KfW in the € 3.0 billion syndicated loan earlier this year to bridge the unprecedented situation caused by the global coronavirus pandemic. adidas has paid back the € 500 million portion drawn in July already in October including interest and fees, which had been agreed at customary market conditions. Concurrently with replacing the KfW facility, adidas has secured a new…

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Adidas replaces KfW syndicated loan facility

1 min read

The FINANCIAL — Following a series of successful financing activities, adidas has replaced the syndicated revolving loan facility under participation of KfW, Germany’s state-owned development bank. The company had received the approval of the German government for the participation of KfW in the € 3.0 billion syndicated loan earlier this year to bridge the unprecedented…

Citigroup declared common stock and preferred dividends

1 min read

The FINANCIAL — The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.51 per share, payable on November 25, 2020 to stockholders of record on November 2, 2020. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup’s preferred stock as follows: 5.350% Fixed Rate/Floating…

Citigroup released Q3 financial results

5 mins read

The FINANCIAL — Citigroup Inc. reported net income for the third quarter 2020 of $3.2 billion, or $1.40 per diluted share, on revenues of $17.3 billion. This compared to net income of $4.9 billion, or $2.07 per diluted share, on revenues of $18.6 billion for the third quarter 2019. Revenues decreased 7% from the prior-year…