Saturday - November 30, 2024
State Tipoffs Involving Illinois Newsletter for Wednesday July 31, 2024 ( 18 items )  

Chung Champions Safety for Children in the Workplace
SPRINGFIELD, Illinois, July 31 -- The Illinois House Democrats issued the following news on July 30, 2024: BLOOMINGTON, Ill. - A new measure backed by state Rep. Sharon Chung, D-Bloomington, will create new child labor protections to keep children safe and free from exploitation in the workplace, and was signed into law today. "Children entering the workplace for the first time shouldn't have to be warned against potential exploitation, and parents of those children should be able to count on   more

Financing and Equity Secured for 300K SF Salt Lake City Industrial Park
CHICAGO, Illinois, July 31 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets led the financing efforts for Wagner Industrial Park * * * SALT LAKE CITY, July 30, 2024 -- JLL Capital Markets announced today that it secured the bridge financing and joint venture equity placement for Wagner Industrial Park, a 297,233-square-foot industrial portfolio in Salt Lake City, Utah. JLL represented the borrower, Stos Par  more

Ill. Senate Democrats Join Governor in Signing of Historic Birth Equity Legislation
SPRINGFIELD, Illinois, July 30 -- The Illinois Senate Democrats issued the following news: CHICAGO - Members of the Senate Democratic Caucus joined Governor JB Pritzker to sign the Birth Equity Initiative into law. The new law will assist mothers and soon-to-be-mothers with receiving community-based health care options and resources. "As a Black woman with three boys, this legislation is personal to me. The increasing rates of infant and maternal mortality, particularly among Black women, dema  more

Kirkland Advises Aypa Power on Closing of $650M Senior Secured Multi-Tranche Hybrid Credit Facility
CHICAGO, Illinois, July 31 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis counseled Aypa Power I LLC, a portfolio company of Blackstone Energy Partners, in connection with a $650 million senior secured multi-tranche hybrid credit facility, the largest in the energy storage industry. The new senior secured hybrid corporate facility consists of a $350 million letter of credit facility, a $200 million term loan facility and a $100 million revolving credit fa  more

Kirkland Advises Mediawan on Its Fund Term Loan Facility, Fund Revolving Facility
CHICAGO, Illinois, July 31 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Mediawan, a French audiovisual content company, on the implementation of its new Euros500 million term loan facility and Euros225 million revolving facility in the context of its combination with Leonine, one of the largest independent studios in the German-speaking market. The seven-year term loan facility was used to, amongst other things, refinance existing indebtedness   more

Kirkland Advises Sani/Ikos Group on Senior Secured Notes Offering
CHICAGO, Illinois, July 31 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Sani/Ikos Group on its offering of Euros350 million of Senior Secured Notes. The offering closed on July 26, 2024. The Sani/Ikos Group is a group of luxury resorts in unique beachfront locations in the Mediterranean. The group is majority owned by an affiliate of GIC (Realty) Pte Ltd. GIC is a leading global investment firm established in 1981 and the manager of Singapore'  more

Kirkland Represents Hidden Harbor Capital Partners on Closing of $800M Oversubscribed 3rd Fund
CHICAGO, Illinois, July 31 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Hidden Harbor Capital Partners, an operationally oriented investment firm, on the final closing of Hidden Harbor Capital Partners III at $800 million of limited partner commitments. Fund III received overwhelming support from both existing and new investors with total demand well in excess of its self-imposed hard cap. Fund III follows Hidden Harbor's two prior funds, Hidde  more

LLCC Phi Theta Kappa Honor Society Earns Regional Recognition
SPRINGFIELD, Illinois, July 31 (TNSres) -- Lincoln Land Community College issued the following news: The Phi Theta Kappa (PTK) chapter at Lincoln Land Community College received both chapter and individual recognition during the PTK Regional Conference and Honors Institute convention, May 31-June 1, on LLCC's Springfield campus. LLCC's Alpha Epsilon Kappa chapter of PTK hosted this year's convention and was honored as a Gold Star Chapter for maintaining its Five Star Chapter status for 11 cons  more

McDermott Advises VR Equitypartner on Investment in Accso
CHICAGO, Illinois, July 31 -- McDermott Will and Emery, a law firm, issued the following news release: Frankfurt, July 29, 2024 - McDermott Will & Emery has advised the Frankfurt-based investment company VR Equitypartner GmbH on the acquisition of a significant minority stake in Accso - Accelerated Solutions GmbH. The company specializes in software engineering and digital transformation in the B2B environment. The investment was prompted by the early initiation of a long-term succession solut  more

New Chicago Booth Course Empowers Student Entrepreneurs to Tackle Global Issues
CHICAGO, Illinois, July 30 (TNSres) -- The University of Chicago issued the following news: * * * Global Social Entrepreneurship Lab matched next generation leaders with social venture founders * * * By Deborah Lynn Blumberg Aspiring social entrepreneurs looking to tackle some of the world's most pressing problems face challenges every step of the way--from developing an idea to sourcing funding and beyond. A new course at the University of Chicago Booth School of Business is helping the ne  more

Northern Trust Pension Universe Data: Canadian Pension Plan Returns Advanced in Q2 as Global Equities Gained Momentum
CHICAGO, Illinois, July 31 (TNSres) -- Northern Trust, an international financial services company, issued the following news release: TORONTO -- Canadian pension plans witnessed a positive finish to the second quarter, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 1.1 percent for the quarter and 3.5 percent year-to-date. The second quarter marked a pivotal shift in monetary policy to a less restrictive tone in some developed regions, led by the Ban  more

Putting a Price on Groundwater Gets Farmers to Use Less, Study Shows
CHICAGO, Illinois, July 30 (TNSres) -- The University of Chicago's Energy Policy Institute issued the following news: * * * Groundwater has been free to farmers in most of the world, including California, leading to rapid resource depletion. A new study finds that when California farmers have to pay for that water, they use less, switching their land to crops that require less water or no crops at all. * * * Summer is the center of the growing season for most American crops. But as many Amer  more

Rashid Selected for Midwestern Legislative Leadership Fellowship
SPRINGFIELD, Illinois, July 31 (TNSres) -- The Illinois House Democrats issued the following news: BERWYN, ILL. - State Rep. Abdelnasser Rashid, D-Bridgeview, was among 39 lawmakers chosen to participate in a prestigious leadership training program that annually identifies and assists promising state leaders in the Midwest. Rashid will meet with fellow lawmakers from Illinois and 10 other Midwestern states and four Canadian provinces on August 23-27 in Madison, Wisconsin for the Council of Sta  more

Sale and Acquisition Financing Secured for Northwest Indiana Logistics Portfolio
CHICAGO, Illinois, July 31 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * JLL Capital Markets closed sale and financing for two multi-tenant distribution centers in Portage, Indiana * * * JLL Capital Markets announced today that it secured the sale and acquisition financing for Northwest Indiana Logistics Portfolio, two multi-tenant industrial facilities located in Portage, Indiana. JLL represented the confidential seller in   more

Scherer-Backed Carbon Capture Law Readies Illinois to Grow New Cutting-Edge Jobs
SPRINGFIELD, Illinois, July 31 -- The Illinois House Democrats issued the following news on July 30, 2024: DECATUR, Ill. - A new law passed by state Rep. Sue Scherer, D-Decatur, will help position Central Illinois communities to take advantage of cutting edge, job-creating technology. The law, signed by Gov. Pritzker at Richland Community College on Thursday in Decatur, enabling underground storage of carbon dioxide in Illinois--a process known as carbon capture and sequestration (CSS). "Our l  more

State Treasurer Michael Frerichs Announces 10 Illinois Nonprofit Groups Chosen to Receive More Than $191,000 in Charitable Trust Grants
SPRINGFIELD, Illinois, July 31 -- Illinois State Treasurer Michael Frerichs issued the following news release: * * * Applications Now Available for New Grant Cycle, Open to Organizations Providing Food Assistance, Economic & Workforce Development * * * Ten small Illinois nonprofits, including organizations in Chicago, northern Illinois and central Illinois, are receiving a combined $191,815 in grant funds through the Charitable Trust Stabilization Program, which is managed by State Treasurer  more

The Placencia Resort in Belize Joins the Hyatt Portfolio
CHICAGO, Illinois, July 31 -- Hyatt Hotels Corp., a hospitality company, issued the following news release on July 30, 2024: * * * The first Hyatt-branded hotel in Belize enters the Hyatt portfolio as an affiliated hotel, with plans to officially join the Destination by Hyatt brand and World of Hyatt loyalty program in late 2025 * * * Hyatt Hotels Corporation (NYSE:H) in collaboration with Maya Rio Development announced today plans for the first Hyatt-branded hotel in Belize with The Placenc  more

Yang Rohr Highlights New Funding to Address Naperville's Illegal Firearms
SPRINGFIELD, Illinois, July 31 -- The Illinois House Democrats issued the following news: NAPERVILLE, Ill. - State Rep. Janet Yang Rohr, D-Naperville, lauded the release of $1.5 million in firearm enforcement grants by the Illinois State Police (ISP) to crack down on individuals in possession of an illegal firearm, further bolstering her commitment to keeping families safe and dangerous weapons out of the hands of offenders. "Local law enforcement agencies need stronger state and federal suppo  more