Orix - IX STOCK NEWS

ORIX USA has appointed Dean Dulchinos as Managing Director and Head of Real Estate Credit. With over 20 years of experience in commercial real estate (CRE), Dulchinos will focus on expanding ORIX USA's third-party CRE credit asset management business. He will serve as a Portfolio Manager, developing investment products that leverage the firm's real estate businesses, including Lument.

Dulchinos will collaborate with Jim Flynn, CEO of Lument, to raise and deploy capital for non-agency investment products. He will also work with ORIX USA's Real Estate lines of business to expand origination, oversee third-party CRE debt portfolios, and grow the firm's investor base and product offerings. The appointment aims to capitalize on market opportunities in real estate private credit, driven by factors such as significant near-term CRE debt maturities and structural shifts in credit sources for transitional CRE strategies.

ORIX (NYSE: IX) has submitted its annual Form 20-F for the fiscal year ended March 31, 2024, to the U.S. Securities and Exchange Commission (SEC) on June 27, 2024.

Shareholders and interested parties can download the file from the ORIX website or access it via the SEC EDGAR database. Additionally, ORIX offers free hard copies of the completed audited financial statements upon request through their Investor Information Request Form.

ORIX USA has appointed Nik Singhal as Managing Director and Group Head of Direct Lending within its Private Credit business. With 26 years of experience, Singhal joins from BlackRock and will start on July 8, 2024. He will report to Jeff Abrams, Group Head of Private Credit and Real Estate, and join ORIX USA’s Management Committee. This appointment coincides with the restructuring of ORIX’s private credit platform into two specializations: Direct Lending and Securitized Credit. Singhal will lead Direct Lending, encompassing NXT Capital, Growth Capital, and Municipal & Infrastructure solutions. His role will focus on expanding businesses, driving origination and performance, and leveraging the firm’s balance sheet. Meanwhile, Raviv Shtaingos will head the Securitized Credit division. This strategic move aims to scale ORIX USA’s private credit business by aligning with investor interests, particularly in the middle market.

ORIX Corporation has submitted its annual Form 20-F for the fiscal year ended March 31, 2023 to the U.S. Securities and Exchange Commission. Online versions of the file and hard copies of the audited financial statements are available for download.

Boeing and Avolon announced an order for 40 737 MAX airplanes at the Paris Air Show. The order extends Avolon's delivery pipeline out to 2030. The 737 MAX will reduce fuel use and emissions by 20% compared to the airplanes they replace. Each airplane will save up to 8 million pounds of CO2 annually. Boeing customers have placed over 1,000 orders and commitments for the company's new commercial airplanes since July 2022.