SI Group unter den obersten 10 Prozent für Global Corporate Social Responsibility

Das Unternehmen erhält am Weltumwelttag seinen zweiten Silber-Award von EcoVadis

SCHENECTADY, New York, 5. Juni 2017 /PRNewswire/ — SI Group, einer der weltweit führenden Entwickler und Hersteller von chemischen Zwischenprodukten, Spezialharzen und Lösungen, hat seine zweite Silber-Bewertung für Corporate Social Responsibility (Unternehmerische Sozialverantwortung) von EcoVadis erhalten, einer internationalen Organisation, die Nachhaltigkeitsbewertungen für weltweite Lieferketten liefert. Die SI Group befindet sich unter den obersten 10 Prozent von über 30.000 Unternehmen in aller Welt, die von EcoVadis bewertet wurden.

Die Corporate Social Responsibility (CSR)-Scorecards von EcoVadis bewerten Zulieferer in den Bereichen Umwelt, Ethik und soziale Praktiken in 150 Einkaufskategorien und 110 Ländern. Die Methodologie von EcoVadis deckt 21 Einzelkriterien in vier Kategorien ab, u. a.: Umwelt, faire Arbeitspraktiken, Ethik und faire Geschäftspraktiken sowie Lieferkette. Die Methodologie ist auf internationalen CSR-Standards aufgebaut, einschließlich der Global Reporting Initiative, der United Nations Global Compact und der ISO 26000, die 150 Ausgabenkategorien und 140 Länder abdecken. Weitere Informationen finden Sie unter www.ecovadis.com.

„Gutes tun, wenn es gut läuft, ist nicht nur eine Geschäftsphilosophie, sondern eine moralische Verpflichtung”, so Frank Bozich, Präsident und CEO der SI Group. „Wir glauben von ganzem Herzen, dass der private Sektor dazu beitragen sollte, die Herausforderungen der Welt zu lösen, und eine Komponente davon beinhaltet starke Beziehungen zu verantwortlichen Zulieferern, deren Werte mit den unsrigen übereinstimmen. Wir fühlen uns geehrt, diese Bewertung das zweite Jahr zu erhalten, denn diese Errungenschaft zeigt unser starkes Engagement für Lieferkettenverwaltung auf einer globalen Skala.”

Die SI Group hat nicht nur eine positive Bewertung von EcoVadis erhalten, sondern ist auch seit über 25 Jahren Mitglied des Responsible Care®-Programms des American Chemistry Council. Responsible Care® ist eine weltweite Initiative mit dem Ziel, die Leistungen für Umweltschutz, Gesundheit und Sicherheit ständig zu verbessern. Sie soll die Gesundheit und die Sicherheit von Angestellten, Gemeinschaften und der gesamten Umwelt verbessern und die Branche in eine sicherere und nachhaltigere Zukunft führen.

Über den Weltumwelttag

Der Weltumwelttag („World Environment Day”, kurz: WED) ist der wichtigste Tag der United Nations für die Förderung des weltweiten Bewusstseins und von Aktionen für den Schutz unserer Umwelt. Seit seinen Anfängen im Jahr 1974 hat er sich zu einer globalen Plattform für Öffentlichkeitsarbeit entwickelt und wird in über 100 Ländern weithin gefeiert. Weitere Informationen finden Sie unter http://www.worldenvironmentday.global/.

Über die SI Group

Die SI Group ist einer der weltweit führenden Entwickler und Hersteller von chemischen Zwischenprodukten, Spezialharzen und Lösungen, die für die Qualität und Leistung unzähliger Industrie- und Verbrauchsgüter entscheidend sind. Das Unternehmen wurde 1906 gegründet und hat seinen Hauptsitz in Schenectady im US-Bundesstaat New York. Die SI Group ist ein Familienunternehmen und beschäftigt weltweit über 2.800 Mitarbeiter. Die SI Group betreibt 20 Produktionsstätten auf fünf Kontinenten und verzeichnet einen Jahresumsatz von über 1 Milliarde US-Dollar. Im Jahr 2017 erhielt die SI Group ihren zweiten Silber-Award für Corporate Social Responsibility (Unternehmerische Sozialverantwortung) von EcoVadis und ist unter den obersten 10 Prozent von über 30.000 Unternehmen in aller Welt gelistet. SI Group steht für The Substance Inside. Weitere Informationen finden Sie unter www.siigroup.com.

Kontakt:        
Tara Morgan
Public Relations & Communications Manager
SI Group, Inc.
+ 1 518-347-4194
tara.morgan@siigroup.com

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Foto – http://serwer1790916.home.pl/autoinstalator/wordpress1/wp-content/uploads/2017/06/mma.prnewswire.comSI_Group_Global_Headquart-8eeee2ee13f4864c4534ea69d3c4de042567a472.jpg

SOURCE SI Group

Related Links

http://www.siigroup.com

O SI Group está entre os principais 10% das empresas em responsabilidade social corporativa

SCHENECTADY, Nova York, 5 de junho de 2017 /PRNewswire/ — O SI Group, um dos principais desenvolvedores globais e fabricantes de intermediários químicos, resinas especiais e soluções, recebeu sua segunda classificação de prata de responsabilidade social corporativa da EcoVadis, uma organização internacional que fornece classificações de sustentabilidade para cadeias de suprimentos globais. O SI Group classificou-se entre os principais 10% das mais de 30.000 empresas avaliadas mundiais pela EcoVadis.

Os scorecards de Responsabilidade Social Corporativa (CSR) da EcoVadis avaliam as práticas ambientais, éticas e sociais dos fornecedores em 150 categorias de compras e 110 países. A metodologia EcoVadis abrange 21 critérios individuais, em quatro temas, dentre eles: ambiente; práticas justas de trabalho; práticas éticas e comerciais justas; e cadeia de abastecimento. A metodologia baseia-se em padrões internacionais de responsabilidade social corporativa, incluindo a Global Reporting Initiative, o Pacto Global das Nações Unidas e o ISO 26000, abrangendo 150 categorias de gastos e 140 países. Para obter mais informações, visite o site www.ecovadis.com.

„Fazer bem enquanto faz bem não é apenas uma filosofia empresarial, é um imperativo moral”, disse Frank Bozich, presidente e CEO do SI Group. „Acreditamos, de todo o coração, que o setor privado deve contribuir para resolver os desafios do mundo, e um componente disso inclui relacionamentos fortes com fornecedores responsáveis, cujos valores se alinham aos nossos. Ficamos honrados em receber esta classificação pelo segundo ano, já que essa conquista demonstra o nosso forte compromisso com a gestão da cadeia de fornecimento em escala global”.

Além da classificação EcoVadis, o SI Group é membro do programa Responsible Care® do Conselho Americano de Química há mais de 25 anos. Responsible Care® é uma iniciativa de desempenho de nível mundial em meio ambiente, saúde e segurança, com o objetivo de melhorar a saúde e a segurança dos funcionários, das comunidades e do meio ambiente como um todo, movimentando a indústria para um futuro mais seguro e sustentável.

Sobre o Dia Mundial do Meio Ambiente

O Dia Mundial do Meio Ambiente é o dia mais importante das Nações Unidas para incentivar a conscientização mundial e a ação para a proteção do nosso meio ambiente. Desde que começou, em 1974, tornou-se uma plataforma global de divulgação pública que é amplamente celebrada em mais de 100 países. Saiba mais no site http://www.worldenvironmentday.global/.

Sobre o SI Group

O SI Group é um dos principais desenvolvedores e fabricantes globais de intermediários químicos, resinas especiais e soluções que são críticas para a qualidade e o desempenho de inúmeros bens industriais e de consumo. Fundado em 1906 e sediada em Schenectady, Nova York, o SI Group é uma empresa familiar, com mais de 2.800 funcionários em todo o mundo. O SI Group opera 20 fábricas em cinco continentes, com mais de US$ 1 bilhão em vendas anuais. Em 2017, o SI Group recebeu seu segundo prêmio de prata de responsabilidade social corporativa pela EcoVadis, e está classificado entre os principais 10%, dentre as mais de 30.000 empresas mundiais. O SI Group é The Substance Inside. Para obter mais informações, visite o site www.siigroup.com.

Contato:        
Tara Morgan
Relações públicas e gerente de comunicações
SI Group, Inc.
+ 1 518-347-4194
tara.morgan@siigroup.com

Foto – http://mma.prnewswire.com/media/519595/SI_Group_2017_CSR_pt.jpg

 Foto – http://mma.prnewswire.com/media/519598/SI_Group_Global_Headquarters_pt.jpg 

FONTE SI Group

SOURCE SI Group

Related Links

http://www.siigroup.com

O SI Group está entre os principais 10% das empresas em responsabilidade social corporativa

SCHENECTADY, Nova York, 5 de junho de 2017 /PRNewswire/ — O SI Group, um dos principais desenvolvedores globais e fabricantes de intermediários químicos, resinas especiais e soluções, recebeu sua segunda classificação de prata de responsabilidade social corporativa da EcoVadis, uma organização internacional que fornece classificações de sustentabilidade para cadeias de suprimentos globais. O SI Group classificou-se entre os principais 10% das mais de 30.000 empresas avaliadas mundiais pela EcoVadis.

Os scorecards de Responsabilidade Social Corporativa (CSR) da EcoVadis avaliam as práticas ambientais, éticas e sociais dos fornecedores em 150 categorias de compras e 110 países. A metodologia EcoVadis abrange 21 critérios individuais, em quatro temas, dentre eles: ambiente; práticas justas de trabalho; práticas éticas e comerciais justas; e cadeia de abastecimento. A metodologia baseia-se em padrões internacionais de responsabilidade social corporativa, incluindo a Global Reporting Initiative, o Pacto Global das Nações Unidas e o ISO 26000, abrangendo 150 categorias de gastos e 140 países. Para obter mais informações, visite o site www.ecovadis.com.

„Fazer bem enquanto faz bem não é apenas uma filosofia empresarial, é um imperativo moral”, disse Frank Bozich, presidente e CEO do SI Group. „Acreditamos, de todo o coração, que o setor privado deve contribuir para resolver os desafios do mundo, e um componente disso inclui relacionamentos fortes com fornecedores responsáveis, cujos valores se alinham aos nossos. Ficamos honrados em receber esta classificação pelo segundo ano, já que essa conquista demonstra o nosso forte compromisso com a gestão da cadeia de fornecimento em escala global”.

Além da classificação EcoVadis, o SI Group é membro do programa Responsible Care® do Conselho Americano de Química há mais de 25 anos. Responsible Care® é uma iniciativa de desempenho de nível mundial em meio ambiente, saúde e segurança, com o objetivo de melhorar a saúde e a segurança dos funcionários, das comunidades e do meio ambiente como um todo, movimentando a indústria para um futuro mais seguro e sustentável.

Sobre o Dia Mundial do Meio Ambiente

O Dia Mundial do Meio Ambiente é o dia mais importante das Nações Unidas para incentivar a conscientização mundial e a ação para a proteção do nosso meio ambiente. Desde que começou, em 1974, tornou-se uma plataforma global de divulgação pública que é amplamente celebrada em mais de 100 países. Saiba mais no site http://www.worldenvironmentday.global/.

Sobre o SI Group

O SI Group é um dos principais desenvolvedores e fabricantes globais de intermediários químicos, resinas especiais e soluções que são críticas para a qualidade e o desempenho de inúmeros bens industriais e de consumo. Fundado em 1906 e sediada em Schenectady, Nova York, o SI Group é uma empresa familiar, com mais de 2.800 funcionários em todo o mundo. O SI Group opera 20 fábricas em cinco continentes, com mais de US$ 1 bilhão em vendas anuais. Em 2017, o SI Group recebeu seu segundo prêmio de prata de responsabilidade social corporativa pela EcoVadis, e está classificado entre os principais 10%, dentre as mais de 30.000 empresas mundiais. O SI Group é The Substance Inside. Para obter mais informações, visite o site www.siigroup.com.

Contato:        
Tara Morgan
Relações públicas e gerente de comunicações
SI Group, Inc.
+ 1 518-347-4194
tara.morgan@siigroup.com

Foto – http://mma.prnewswire.com/media/519595/SI_Group_2017_CSR_pt.jpg

 Foto – http://mma.prnewswire.com/media/519598/SI_Group_Global_Headquarters_pt.jpg 

FONTE SI Group

SOURCE SI Group

Related Links

http://www.siigroup.com

O SI Group está entre os principais 10% das empresas em responsabilidade social corporativa

SCHENECTADY, Nova York, 5 de junho de 2017 /PRNewswire/ — O SI Group, um dos principais desenvolvedores globais e fabricantes de intermediários químicos, resinas especiais e soluções, recebeu sua segunda classificação de prata de responsabilidade social corporativa da EcoVadis, uma organização internacional que fornece classificações de sustentabilidade para cadeias de suprimentos globais. O SI Group classificou-se entre os principais 10% das mais de 30.000 empresas avaliadas mundiais pela EcoVadis.

Os scorecards de Responsabilidade Social Corporativa (CSR) da EcoVadis avaliam as práticas ambientais, éticas e sociais dos fornecedores em 150 categorias de compras e 110 países. A metodologia EcoVadis abrange 21 critérios individuais, em quatro temas, dentre eles: ambiente; práticas justas de trabalho; práticas éticas e comerciais justas; e cadeia de abastecimento. A metodologia baseia-se em padrões internacionais de responsabilidade social corporativa, incluindo a Global Reporting Initiative, o Pacto Global das Nações Unidas e o ISO 26000, abrangendo 150 categorias de gastos e 140 países. Para obter mais informações, visite o site www.ecovadis.com.

„Fazer bem enquanto faz bem não é apenas uma filosofia empresarial, é um imperativo moral”, disse Frank Bozich, presidente e CEO do SI Group. „Acreditamos, de todo o coração, que o setor privado deve contribuir para resolver os desafios do mundo, e um componente disso inclui relacionamentos fortes com fornecedores responsáveis, cujos valores se alinham aos nossos. Ficamos honrados em receber esta classificação pelo segundo ano, já que essa conquista demonstra o nosso forte compromisso com a gestão da cadeia de fornecimento em escala global”.

Além da classificação EcoVadis, o SI Group é membro do programa Responsible Care® do Conselho Americano de Química há mais de 25 anos. Responsible Care® é uma iniciativa de desempenho de nível mundial em meio ambiente, saúde e segurança, com o objetivo de melhorar a saúde e a segurança dos funcionários, das comunidades e do meio ambiente como um todo, movimentando a indústria para um futuro mais seguro e sustentável.

Sobre o Dia Mundial do Meio Ambiente

O Dia Mundial do Meio Ambiente é o dia mais importante das Nações Unidas para incentivar a conscientização mundial e a ação para a proteção do nosso meio ambiente. Desde que começou, em 1974, tornou-se uma plataforma global de divulgação pública que é amplamente celebrada em mais de 100 países. Saiba mais no site http://www.worldenvironmentday.global/.

Sobre o SI Group

O SI Group é um dos principais desenvolvedores e fabricantes globais de intermediários químicos, resinas especiais e soluções que são críticas para a qualidade e o desempenho de inúmeros bens industriais e de consumo. Fundado em 1906 e sediada em Schenectady, Nova York, o SI Group é uma empresa familiar, com mais de 2.800 funcionários em todo o mundo. O SI Group opera 20 fábricas em cinco continentes, com mais de US$ 1 bilhão em vendas anuais. Em 2017, o SI Group recebeu seu segundo prêmio de prata de responsabilidade social corporativa pela EcoVadis, e está classificado entre os principais 10%, dentre as mais de 30.000 empresas mundiais. O SI Group é The Substance Inside. Para obter mais informações, visite o site www.siigroup.com.

Contato:        
Tara Morgan
Relações públicas e gerente de comunicações
SI Group, Inc.
+ 1 518-347-4194
tara.morgan@siigroup.com

Foto – http://mma.prnewswire.com/media/519595/SI_Group_2017_CSR_pt.jpg

 Foto – http://mma.prnewswire.com/media/519598/SI_Group_Global_Headquarters_pt.jpg 

FONTE SI Group

SOURCE SI Group

Related Links

http://www.siigroup.com

Bridgepoint Education, Ashford University, and University of the Rockies Celebrate Military Appreciation Month

SAN DIEGO, June 5, 2017 /PRNewswire/ — In honor of military appreciation month, Bridgepoint Education and its academic institutions, Ashford University and University of the Rockies, hosted a series of events to show appreciation to military, veterans, and their military-affiliated workforce. These events included a military roadshow, a Center for Excellence in Teaching and Learning (CETL) session focused on the military, a military appreciation event, and participation in Remember Everyone Deployed (RED) shirt Friday.

„Bridgepoint Education and our academic institutions are proud to recognize and celebrate the dedication and sacrifices of our nation’s servicemen and servicewomen,” said Bridgepoint CEO Andrew Clark. „Our celebration of military appreciation month embraced all of our military-affiliated staff and faculty, including those who have served our country, military spouses and children, and our employees who provide dedicated support to military and veteran students each and every day.”

On Wednesday, May 10, Ashford staff presented a military roadshow at its San Diego, Calif. and Clinton, Iowa locations. Attendees were invited to learn more about the unique services Ashford provides its military and veteran students, in addition to meeting members of Ashford’s military team who service the institution’s military student population.

RED shirt Friday was observed on Friday, May 12. Bridgepoint, Ashford, and Rockies employees showed their support by wearing red shirts to remind others of our military servicemen and servicewomen who are currently deployed overseas.

On Tuesday, May 23, Ashford’s student veteran access and wellness counselor, Ashley Kirwan, presented a military-focused CETL session on post-traumatic stress, traumatic brain injury, and military suicide. During the presentation, Kirwan shared relevant information to help identify and understand the challenges military service members can experience, and the research that exists on the presented topics.

The month-long celebration wrapped up with a military appreciation open house held Tuesday, May 30, at Ashford’s Clinton, San Diego, and Denver, Colo. locations. The event, hosted by Ashford’s military and veterans taskforce team, provided additional insight into Ashford’s commitment to the military and highlighted the institution’s 2017-2018 Plan of Action that will help support its military-affiliated employees.

About Bridgepoint Education
Bridgepoint Education, Inc. (NYSE: BPI) harnesses the latest technology to reimagine the modern student experience. Bridgepoint owns two academic institutions – Ashford University and University of the Rockies. Together, these programs, technologies, and resources represent a unique model for advancing education in the 21st century. Bridgepoint stands for greater access, social learning, and exposure to leading minds. For more information, visit www.bridgepointeducation.com, www.facebook.com/BridgepointEducation, or call Marianne Perez, Media Relations Manager, at 858.668.2586 x11636.

About Ashford University
Where heritage meets innovation – that’s Ashford University. At Ashford, students discover relevant degree programs, innovative technology, and cherished tradition. Ashford offers associates, bachelor’s, and master’s degree programs online, allowing students to balance life by providing the flexibility to do school work anywhere, anytime. For more information, please visit www.ashford.edu, www.facebook.com/ashforduniversity, www.twitter.com/AshfordU, or call Marianne Perez, Media Relations Manager, at 858.513.9240 x11636.

About University of the Rockies
University of the Rockies is a leading graduate school of the social and behavioral sciences that offers programs for students seeking their PhD, PsyD, or Master of Arts degree. Based in Denver, Colo., the University provides students with the convenience of an online education. While working toward a degree from anywhere in the country, students enjoy access to industry professionals, research, and publishing opportunities. For more information, please visit www.rockies.edu/, www.twitter.com/URockies, www.facebook.com/UniversityoftheRockies, or call Marianne Perez, Media Relations Manager, at 866.621.0124 x11636.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bridgepoint-education-ashford-university-and-university-of-the-rockies-celebrate-military-appreciation-month-300468891.html

SOURCE Bridgepoint Education, Inc.

Related Links

http://www.bridgepointeducation.com

Social Sector Mobilizes toward Better Outcomes for US Communities

NEW YORK, June 5, 2017 /PRNewswire-USNewswire/ — Hundreds of experts from government, nonprofits, philanthropy, and finance gathered today to share ideas and advance the innovation needed to solve America’s most severe problems in healthcare, education, housing, employment, and more.

The discussion covered many issues, geographies, and sectors, shedding light on a growing movement to shift the social sector toward an outcomes orientation, in which funding is tied to the ability to demonstrate that high-quality services produce results for those in need.

„The system we’ve created does not align our deepest aspirations with what we fund and pay attention to. For example, the people running a shelter don’t want to be in the hotel business, they want to be in the ending homelessness business. Changing our sector to orient around outcomes is hard, but it is also crucial and worth it,” said Antony Bugg-Levine, CEO of Nonprofit Finance Fund (NFF), which has partnered with the Federal Reserve Bank of San Francisco (SF Fed) to drive a national dialogue about outcomes.

„The Fed stewards the macroeconomy — itself a combination of microeconomies reliant on investments in the social sector,” said David Erickson, SF Fed Director of Community Development. „Through initiatives like this, we aim to give investors and policymakers a new perspective on how to strengthen social outcomes for the people and areas that need it most.” 

Today’s event at the Federal Reserve Bank of New York marked the launch of a national dialogue on outcomes-based funding and the publication of What Matters: Investing in Results to Build Strong, Vibrant Communities, a collection of essays by 80 authors with wide expertise on the social, cultural, and financial implications of orienting programs and funding around outcomes.

„The challenge is that, as a sector, philanthropy is pretty conservative, particularly on the investment side. Over time, we take on the mentality of stewardship, and that can be very problematic for risk-taking and innovation and social investment,” said Darren Walker, President of Ford Foundation. „We all know that it is a fiction that a nonprofit can deliver a project with 10-percent overhead. We’ve all bought into this charade because it allows us to not do the deeper work. It’s hard to get a group of very privileged people in a very privileged sector to interrogate their behavior with authenticity. The arc of justice doesn’t happen in three-year grant cycles.”

„We’re thrilled to partner with Nonprofit Finance Fund and the Federal Reserve Bank of San Francisco to help illuminate the need for strategic, results-oriented philanthropy,” said essay author Kerry Sullivan, President of the Bank of America Charitable Foundation. „Advancing long-term solutions in communities through meaningful dialogue and cross-sector partnerships is essential to fuel economic growth and create shared success.”

Today’s speakers also included: Anand Marri, Vice President and Head of Outreach and Education, Federal Reserve Bank of NY; Denise Scott, EVP, Local Initiatives Support Corporation, and Member of the Board of Directors, Federal Reserve Bank of NY; Jennifer Talansky, Managing Director, Knowledge & Impact, NFF; Terri Ludwig, President and CEO, Enterprise Community Partners; Zia Khan, Vice President, Initiatives and Strategy, The Rockefeller Foundation; Muzzy Rosenblatt, President and CEO, BRC; Linda Gibbs, Principal of Social Services, Bloomberg Associates, and former New York City Deputy Mayor of Health and Human Services; Dave Wilkinson, former Director, White House Office of Social Innovation; Tyler Norris, CEO, Well Being Trust; Ian Galloway, Director of the Center for Community Development Investments, SF Fed; and Andrea Levere, President, Prosperity Now.

Visit investinresults.org to learn more about this exciting initiative.

About Nonprofit Finance Fund

NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF has $250 million in assets under management and has provided $620 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide. Visit nff.org to learn more about our work and follow us on twitter at @nff_news. Funding for the Invest in Results campaign is generously provided to NFF by Bank of America Charitable Foundation, Ford Foundation, The Kresge Foundation, John D. and Catherine T. MacArthur Foundation, Omidyar Network, The Robin Hood Foundation, and The Rockefeller Foundation.

About the Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco (SF Fed) promotes low inflation, full employment and financial stability and serves the Twelfth Federal Reserve District, which includes the nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The SF Fed’s community development team works with a wide range of organizations to create economic opportunity for lower income Americans by developing and connecting best practices and emerging ideas with organizations positioned to make meaningful change in communities. Follow us on Twitter at @sffed.

Media Contacts:
For NFF: Tricia McKenna, 617.553.8020, TMcKenna@nff.org
For SF Fed: Kevin Sajdak, 415.977.3631, Kevin.Sajdak@sf.frb.org

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/social-sector-mobilizes-toward-better-outcomes-for-us-communities-300468925.html

SOURCE Nonprofit Finance Fund

Related Links

http://www.nonprofitfinancefund.org

Blackbaud Announces New Credit Facility with an Extended Term

CHARLESTON, S.C., June 5, 2017 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that it entered into a new credit facility on June 2 in the aggregate amount of $700 million, including a $300 million senior secured term loan and a $400 million senior secured revolving credit facility with capacity to incrementally expand the facility by an additional $200 million or a greater amount determined by a pro forma net leverage ratio test, subject to certain terms and conditions. Blackbaud borrowed $300 million under the term loan and $110 million under the revolving loan, which was used to repay in full Blackbaud’s indebtedness under its existing credit facility, pay certain fees and expenses that were incurred in connection with the new credit facility and for other general corporate purposes. The new credit facility, which matures on June 2, 2022, replaces the existing credit facility entered into in 2014.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Wells Fargo Securities, LLC and Regions Capital Markets, a division of Regions Bank, acted as Joint Lead Arrangers and Joint Bookrunners on the financing.

„Our success in executing the strategy we laid out in 2014 caused us to ‚outgrow’ the existing credit facility as our free cash flow will have increased by 32 percent from 2014 through 2017, despite having become a full cash tax payer during this period,” said Tony Boor, Blackbaud’s executive vice president and chief financial officer. „The credit markets remain strong for companies with solid financial performance and we took advantage of this market as our existing credit facility would have expired within two years. We’ve entered into a facility that is designed to grow with our business and offers us greater flexibility as we pursue our long term aspirational goals.”

„The new facility provides Blackbaud with lower capital costs, an extended maturity and increased borrowing capacity for continued execution against our strategic priorities,” said Mike Gianoni, Blackbaud president and CEO. „It also gives us the operational and financial flexibility needed for delivering on our commitment to bring customers unmatched, forward-looking innovation as we grow, expand our total addressable market and invest in our business in accordance with our four-prong strategic plan.”

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; defects or delays in our cloud-based solutions and hosting services; continued success in sales growth; risks related to data security and data privacy; restrictions in our credit facility that may limit our activities, including dividend payments, share repurchases and acquisitions; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackbaud-announces-new-credit-facility-with-an-extended-term-300468794.html

SOURCE Blackbaud

Related Links

http://www.blackbaud.com

Blackbaud Announces New Credit Facility with an Extended Term

CHARLESTON, S.C., June 5, 2017 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that it entered into a new credit facility on June 2 in the aggregate amount of $700 million, including a $300 million senior secured term loan and a $400 million senior secured revolving credit facility with capacity to incrementally expand the facility by an additional $200 million or a greater amount determined by a pro forma net leverage ratio test, subject to certain terms and conditions. Blackbaud borrowed $300 million under the term loan and $110 million under the revolving loan, which was used to repay in full Blackbaud’s indebtedness under its existing credit facility, pay certain fees and expenses that were incurred in connection with the new credit facility and for other general corporate purposes. The new credit facility, which matures on June 2, 2022, replaces the existing credit facility entered into in 2014.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Wells Fargo Securities, LLC and Regions Capital Markets, a division of Regions Bank, acted as Joint Lead Arrangers and Joint Bookrunners on the financing.

„Our success in executing the strategy we laid out in 2014 caused us to ‚outgrow’ the existing credit facility as our free cash flow will have increased by 32 percent from 2014 through 2017, despite having become a full cash tax payer during this period,” said Tony Boor, Blackbaud’s executive vice president and chief financial officer. „The credit markets remain strong for companies with solid financial performance and we took advantage of this market as our existing credit facility would have expired within two years. We’ve entered into a facility that is designed to grow with our business and offers us greater flexibility as we pursue our long term aspirational goals.”

„The new facility provides Blackbaud with lower capital costs, an extended maturity and increased borrowing capacity for continued execution against our strategic priorities,” said Mike Gianoni, Blackbaud president and CEO. „It also gives us the operational and financial flexibility needed for delivering on our commitment to bring customers unmatched, forward-looking innovation as we grow, expand our total addressable market and invest in our business in accordance with our four-prong strategic plan.”

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; defects or delays in our cloud-based solutions and hosting services; continued success in sales growth; risks related to data security and data privacy; restrictions in our credit facility that may limit our activities, including dividend payments, share repurchases and acquisitions; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackbaud-announces-new-credit-facility-with-an-extended-term-300468794.html

SOURCE Blackbaud

Related Links

http://www.blackbaud.com

Blackbaud Announces New Credit Facility with an Extended Term

CHARLESTON, S.C., June 5, 2017 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that it entered into a new credit facility on June 2 in the aggregate amount of $700 million, including a $300 million senior secured term loan and a $400 million senior secured revolving credit facility with capacity to incrementally expand the facility by an additional $200 million or a greater amount determined by a pro forma net leverage ratio test, subject to certain terms and conditions. Blackbaud borrowed $300 million under the term loan and $110 million under the revolving loan, which was used to repay in full Blackbaud’s indebtedness under its existing credit facility, pay certain fees and expenses that were incurred in connection with the new credit facility and for other general corporate purposes. The new credit facility, which matures on June 2, 2022, replaces the existing credit facility entered into in 2014.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Wells Fargo Securities, LLC and Regions Capital Markets, a division of Regions Bank, acted as Joint Lead Arrangers and Joint Bookrunners on the financing.

„Our success in executing the strategy we laid out in 2014 caused us to ‚outgrow’ the existing credit facility as our free cash flow will have increased by 32 percent from 2014 through 2017, despite having become a full cash tax payer during this period,” said Tony Boor, Blackbaud’s executive vice president and chief financial officer. „The credit markets remain strong for companies with solid financial performance and we took advantage of this market as our existing credit facility would have expired within two years. We’ve entered into a facility that is designed to grow with our business and offers us greater flexibility as we pursue our long term aspirational goals.”

„The new facility provides Blackbaud with lower capital costs, an extended maturity and increased borrowing capacity for continued execution against our strategic priorities,” said Mike Gianoni, Blackbaud president and CEO. „It also gives us the operational and financial flexibility needed for delivering on our commitment to bring customers unmatched, forward-looking innovation as we grow, expand our total addressable market and invest in our business in accordance with our four-prong strategic plan.”

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; defects or delays in our cloud-based solutions and hosting services; continued success in sales growth; risks related to data security and data privacy; restrictions in our credit facility that may limit our activities, including dividend payments, share repurchases and acquisitions; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackbaud-announces-new-credit-facility-with-an-extended-term-300468794.html

SOURCE Blackbaud

Related Links

http://www.blackbaud.com

Blackbaud Announces New Credit Facility with an Extended Term

CHARLESTON, S.C., June 5, 2017 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that it entered into a new credit facility on June 2 in the aggregate amount of $700 million, including a $300 million senior secured term loan and a $400 million senior secured revolving credit facility with capacity to incrementally expand the facility by an additional $200 million or a greater amount determined by a pro forma net leverage ratio test, subject to certain terms and conditions. Blackbaud borrowed $300 million under the term loan and $110 million under the revolving loan, which was used to repay in full Blackbaud’s indebtedness under its existing credit facility, pay certain fees and expenses that were incurred in connection with the new credit facility and for other general corporate purposes. The new credit facility, which matures on June 2, 2022, replaces the existing credit facility entered into in 2014.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, Wells Fargo Securities, LLC and Regions Capital Markets, a division of Regions Bank, acted as Joint Lead Arrangers and Joint Bookrunners on the financing.

„Our success in executing the strategy we laid out in 2014 caused us to ‚outgrow’ the existing credit facility as our free cash flow will have increased by 32 percent from 2014 through 2017, despite having become a full cash tax payer during this period,” said Tony Boor, Blackbaud’s executive vice president and chief financial officer. „The credit markets remain strong for companies with solid financial performance and we took advantage of this market as our existing credit facility would have expired within two years. We’ve entered into a facility that is designed to grow with our business and offers us greater flexibility as we pursue our long term aspirational goals.”

„The new facility provides Blackbaud with lower capital costs, an extended maturity and increased borrowing capacity for continued execution against our strategic priorities,” said Mike Gianoni, Blackbaud president and CEO. „It also gives us the operational and financial flexibility needed for delivering on our commitment to bring customers unmatched, forward-looking innovation as we grow, expand our total addressable market and invest in our business in accordance with our four-prong strategic plan.”

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; defects or delays in our cloud-based solutions and hosting services; continued success in sales growth; risks related to data security and data privacy; restrictions in our credit facility that may limit our activities, including dividend payments, share repurchases and acquisitions; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/blackbaud-announces-new-credit-facility-with-an-extended-term-300468794.html

SOURCE Blackbaud

Related Links

http://www.blackbaud.com