Entergy Arkansas, LLC Closes Its First Mortgage Notes Offering. Stephens served as Joint Bookrunner in the offering. | $425 Million | 01/06/2023

The Industrial Service Group Has Been Acquired By The Jordan Company. Stephens served as exclusive sell-side advisor to the Industrial Service Group.

Public Finance is unlike any other area of banking and financial services in that the need for clean water, safe schools, and efficient civic infrastructure doesn’t abate when interest rates rise or a recession hits. No matter how challenging the environment, we never take a break from working with our clients to accomplish their goals.

The Labor Department reported that <strong>initial jobless claims</strong> unexpectedly fell last week, signaling that companies are reluctant to let employees go even as economic activity slows. The labor market remains very tight. The data suggest that small businesses remain eager to absorb workers laid off from larger businesses. Claims in regular state programs declined 19,000 to 204,000 for the week ending December 31st, after reporting 223,000 initial claims the prior week. The four-week moving average dropped to 213,750 from 220,500 the prior week. The total number of people continuing to receive regular ongoing state benefits, a report which is lagged one week, decreased by 24,000 to 1.694 million for the week ending December 24th.