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LOS ANGELES, Feb. 22, 2021 /PRNewswire/ Russell Westbrook Enterprises ( RWE ) and industrialist Chad Brownstein have partnered to invest in companies seeking to expand and impact the progression, reach and education of at-risk communities. RWE seeks to make direct impact on communities that are underserved, said Donnell Beverly President of RWE. As we have launched this trailblazing alliance with Chad Brownstein in financial technology, we intend to expand together to make direct impact investments in healthcare, nutrition technology and renewable resources.
The alliance is an upshot of the Westbrook/Brownstein Green Tech Program (WBGT) at The LA Conservation Corps. The program launched as a partnership between LA native and NBA superstar Russell Westbrook s Why Not? Foundation and Chad Brownstein.
Wedbush Financial Services Closes a Private Placement of $50 Million Senior Notes Due in 2026
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LOS ANGELES, Jan. 13, 2021 /PRNewswire/ Wedbush Financial Services, LLC (the Company ), the parent company of Wedbush Securities Inc., closed a private placement of $50 million, 5.50% Senior Unsecured Notes (the Notes ) due 2026. The Company and Wedbush Securities Inc. were previously assigned ratings of BBB- and BBB, respectively, and the Company s senior unsecured debt was assigned a rating of BBB- by Kroll Bond Rating Agency.
Gary Wedbush, Chief Executive Officer of the Company and President of Wedbush Securities, commented, We are very pleased to close our first Note placement. This placement diversifies our funding and brings high quality institutional investors to scale our growth initiatives.