Month: February 2025

Eastman 

FRANKFURT, February 18, 2025 /3BL/ – Eastman introduced the latest innovation in its sustainable fiber portfolio at Heimtextil trade fair in Frankfurt, Germany. Eastman Naia™ Renew cellulosic fiber for fill applications expands beyond the brand’s success in bedding and towels. The fiber transforms comforters and quilts with breathable comfort, luxurious softness and unparalleled ease of care.

Heimtextil visitors can explore the transformative potential of Naia™ Renew for bedding fill in Hall 11.0, booth 61. The booth includes interactive displays and product demonstrations.

“This represents a significant evolution in the application of Naia™ Renew in home textiles, meeting the growing demand for high-performing, more sustainable solutions,” said Chad Doub, segment market manager for Eastman’s textiles division.

As the human body generates moisture throughout the night, it is important to prevent discomfort and support uninterrupted rest by managing trapped sweat. Naia™ Renew delivers a unique combination of breathability and moisture management, creating a dry and relaxing sleep environment. The fiber addresses every phase of moisture control: absorption, transport and evaporation.

The unique Y-shaped, cross-sectional design of Naia™ Renew fiber enables effective moisture wicking and dispersion. Its quick-drying properties create a consistently dry environment. The Y-shaped insulation provides greater loft and bulk compared to traditional popcorn-like fiber cross sections. This enhances softness and warmth and contributes to improved airflow within the padding for moisture wicking.

“This allows the fibers to respond to temperature changes that occur during the night, adapting perfectly to the needs of the body and rest,” Doub said.

Naia™ Renew enhances comforters with breathable properties that improve airflow and moisture management, outperforming traditional single-fiber fills in water-vapor resistance and transmission tests.

The fiber also delivers supreme softness and comfort with a silky and lightweight feel. Hypoallergenic and resistant to bacterial growth, Naia™ Renew fibers stay fresh even after repeated washing. This helps reduce odors and ensures comforters remain clean and inviting.

Additionally, Naia™ Renew fibers are machine washable, offering practical and durable solutions for busy modern lifestyles.

Learn more about Naia™ Renew for fill and other home textile applications at naia.eastman.com.

*Naia™ Renew recycled content is achieved by allocation of recycled waste material using GRS certified mass balance process.

About Eastman

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately $9.2 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

For contacts and information
Menabò Group, Naia™ press support: pressoffice@menabo.com

CLEVELAND, February 18, 2025 /3BL/ – KeyBank Community Development Lending and Investment (CDLI) provided a $27 million construction loan and arranged a $14.4 million Private Placement permanent loan to finance the adaptive reuse of the First & Market office building. First & Market building will introduce 93 affordable senior housing units to Pittsburgh’s downtown, complete with accessibility features, sustainable building practices, and proximity to public transit, healthcare, and other downtown amenities.

The sponsor, Beacon Communities, held its groundbreaking for the project last month. The project is aligned with the City of Pittsburgh’s greater objectives to transition underutilized office buildings to low-income housing, a resource with extremely low inventory in downtown Pittsburgh.

All 93 units will be restricted to a senior population (62+) and supported by a Section 8 Project-Based Voucher HAP contract through the Housing Authority of the City of Pittsburgh. The HAP contract will restrict 83 units to 50% area median income (AMI) and 10 units to 20% AMI. Twenty-eight units will meet Uniform Federal Accessibility Standards (UFAS), of which five will be restricted to 20% AMI and 23 to 50% AMI.  

Beacon Residential Management will provide on-site property management and resident services coordination. An on-site resident services coordinator will collaborate with various community resource providers to help residents meet their basic needs with rental, food, and transportation assistance. Additional supportive services will be provided based on the needs of the senior residents, including technology education, health education, social activities, health care coordination, financial literacy classes, money management resources, and mental and behavioral health services and support.

Seaver Rickert from KeyBank Community Development Lending and Investment and Leslie Meyers from Key’s Commercial Mortgage Group arranged the financing.

About KeyBank Community Development Lending and Investment 

KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 11 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977. 

About KeyCorp 

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at December 31, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

About Beacon Communities

Beacon Communities LLC is a privately owned real estate firm that develops, acquires, invests in, and manages a wide range of multi-family housing. Their portfolio includes affordable housing, market rate housing and mixed income-housing. Their developments range from new construction to historic adaptive reuse, to the renovation of existing housing. They take on challenging developments and make them succeed. Their driving passion is to create well-designed, healthy homes that improve the quality of life of their residents and enhance the neighborhoods in which they are located. For more information about Beacon Communities LLC, please visit www.beaconcommunitiesllc.com  

DES MOINES, Iowa /3BL/ – Principal Financial Group® has been named as one of America’s Most JUST Companies by JUST Capital, ranking #11 on the 2025 JUST 100 list. This award recognizes Principal® as the industry leader for insurance acknowledging its commitment to serving its workers, customers, communities, the environment, and shareholders.

The JUST Capital 2025 Rankings of America’s Most JUST Companies and JUST 100 list celebrate top-performing Russell 1000 companies that are demonstrating leadership in responding to the needs of the American people.

“We are honored to be on the 2025 JUST 100 list, recognizing our dedication to upholding the values of integrity, transparency, and accountability as we work to enable financial security for individuals and businesses alike,” said Deanna Stable, president and CEO of Principal Financial Group. “We’ve made significant progress over the past year to further align and execute against the issues that matter most to our stakeholders – the employees, customers and communities we serve. Delivering for each of these important groups is what matters.”

To produce the 2025 rankings, JUST Capital collected and analyzed corporate data to evaluate the largest public U.S. companies across 17 issues identified through comprehensive, ongoing public opinion research on Americans’ attitudes toward responsible corporate behavior.

“Performance expectations for business leaders today are sky high. The JUST 100 demonstrates how companies can create value for their investors, their key stakeholders, and America more broadly by focusing on core business operations,” says JUST Capital CEO Martin Whittaker. “At the end of the day, it doesn’t have to be that complicated. It’s just business.”

The top 100 companies – the JUST 100 – are determined by scoring performance across the full range of criteria and comparing companies head-to-head. JUST evaluated 940 companies across 5 stakeholders, 17 Issues, and 88 raw data points to produce the 2025 Rankings, featuring the JUST 100 and Industry Leader lists.

About Principal Financial Group®    

Principal Financial Group® (Nasdaq: PFG) is a global financial company with nearly 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 145 years, we’re helping approximately 68 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal® is proud to be recognized as one of the 2024 World’s Most Ethical Companies2, a member of the Bloomberg Gender Equality Index, and named as a “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.    

1 As of September 30, 2024   
2 Ethisphere, 2024    
3 Pensions & Investments, 2024  

About JUST Capital 

The mission of JUST Capital, an independent nonprofit, is to demonstrate how just business – defined by the priorities of the public – is better business. Our goal is to help companies create value for all their stakeholders – their workers, customers, communities, the environment, and shareholders – by focusing on the issues that matter most to Americans. To date, we’ve polled more than 182,000 Americans on the issues they believe companies should prioritize when it comes to just business behavior, and those insights guide our work. We believe that business and markets can and must be a force for the greater good and that by shifting the resources of the $21.6 trillion private sector, we can drive competition to build a better future for all. Our research, rankings, indexes, initiatives, and new offerings like the JUST Jobs Scorecard help track, analyze, incentivize, and scale corporate stakeholder performance. JUST Capital publishes the annual list of America’s Most JUST Companies, the JUST 100, in partnership with CNBC. To learn more, visit: https://justcapital.com/.

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Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​ ©2024 Principal Financial Services, Inc.

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