HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today it has completed a sale-leaseback real estate transaction related to one of its operations facilities, delivering $13 million in gross proceeds.
“We are pleased to complete this sale-leaseback transaction,” said Darron Anderson, Ranger Energy Services’ Chief Executive Officer. “By unlocking under-appreciated value on our balance sheet, we materially increase liquidity, while accelerating progress in hitting our near-term goal of moving to zero net-debt. We firmly believe that our balance sheet continues to place us at a strong competitive advantage as the market recovers and we move to pursue organic and acquisitive growth opportunities.”
The property sold is Ranger’s DJ Basin facility and includes both office and operational support facilities. Ranger will continue to occupy the facility pursuant to a market-based long-term lease.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production. The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements represent Ranger’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ranger’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ranger does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ranger to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our filings with the Securities and Exchange Commission. The risk factors and other factors noted in Ranger’s filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
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ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable July 1, 2021 to shareholders of record at the close of business on June 4, 2021.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Investors
Patricia Cosgel
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203.499.2624
Company takes another step furthering the development and proliferation of decarbonization technologies and strategies
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Reflecting its ongoing commitment to global decarbonization and further advancing efforts to create a more balanced energy portfolio, Black & Veatch announces that it has joined the Low-Carbon Resources Initiative (LCRI), “a unique international collaboration, spanning the gas and electricity sectors, that will help advance global economy-wide decarbonization.”
Black & Veatch is a provider of world-class decarbonization solutions in the power generation, power transmission, fuel and chemicals and transportation sectors; with expertise in established renewable technologies including wind and solar – as well as nascent decarbonization pathways like energy storage, hydrogen and ammonia. With the goal of helping companies and governments meet ambitious decarbonization goals, the LCRI seeks to accelerate the development and demonstration of low-carbon technologies.
“Our active involvement in the LCRI aligns with our industry leading position to bring methodical and innovative carbon reduction solutions to our clients,” said Mario Azar, president of Black & Veatch’s global power business. “Technology is at the leading edge of the energy transition towards net-zero. Being part of the LCRI will help keep us at the forefront of the applied engineering developments and acceleration of the most promising pathways to decarbonization.”
The initiative is led jointly by the Electric Power Research Institute (EPRI) and the Gas Technology Institute (GTI) and underscores the collaborative research model employed by both, bringing industry stakeholders together to conduct clean energy research and development. Funding for the initiative, which has surpassed US$100 million, is expected to be leveraged many times over through public and private collaboration. The initiative’s aims include:
Black & Veatch will be able to share, with other LCRI members and beneficiaries of the initiative’s work, insights and experience gained on projects such as:
In January 2021, as further evidence of the company’s commitment to decarbonization and the development of a more balanced energy portfolio, Black & Veatch joined the Hydrogen Council – a global initiative of leading energy, transport and industry organizations with a vision for hydrogen’s ability to foster the energy transition.
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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NEW YORK--(BUSINESS WIRE)--$CXP #CRE--Columbia Property Trust, Inc. (NYSE: CXP) is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.
ENERGY STAR has been an important partner in Columbia’s efforts to achieve optimal building performance and efficiency. Columbia tracks the performance of its entire portfolio through ENERGY STAR Portfolio Manager and has committed to ensuring that all eligible buildings qualify for and receive certification in the program. In 2020, 100% of the eligible properties in Columbia’s portfolio earned ENERGY STAR certification, with an average ENERGY STAR score of 80 across our portfolio (as of December 31, 2020).
Columbia recognizes that its tenants also play a vital role in energy-efficiency and sustainability efforts and actively encourages them to participate in energy management best practices. The company’s property management teams utilize multiple communication channels to partner with tenants on ways to reduce energy consumption and the carbon footprint of their buildings.
“Since our company’s inception, we have been committed to operating in a responsible and efficient manner, which we believe is in the best interest of all our stakeholders,” said Nelson Mills, Columbia’s Chief Executive Officer. “More recently, we have taken significant steps to improve our tracking and reporting capabilities, to ensure we are capturing these long-standing efforts and identifying opportunities for further improvement, as well as to engage our tenants in our work to advance energy and water efficiency across our portfolio. We are proud to have these efforts recognized, and we look forward to continuing to support ENERGY STAR’s goals and achieve recognition for our exceptional performance in the years ahead.”
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR Award Winners lead their industries in the production, sale, and adoption of energy-efficient products, services, and strategies. These efforts are essential to fighting the climate crisis and protecting public health.
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards programs, visit energystar.gov/awardwinners.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates storied properties for legendary companies in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased office portfolio of 15 properties that contain more than six million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Forward-Looking Statements:
Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Columbia Property Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
Matt Stover
T 404 465 2227
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SEATTLE--(BUSINESS WIRE)--#BunkerFuel--Bunker fuel refers to any fuel used onboard a ship. Bunker C or residual fuel oil bunker is the most commonly used type of bunker fuel. There are different grades of bunker fuel namely Bunker A, Bunker B, etc. Maritime vessels use bunker fuels to power their motors. There are some government agencies and firms that specialize in the manufacturing of liquid fuels (such as natural gas, propane, and liquid propane), and this makes it easier for companies to access their inventories and supply needs. The use of bunker fuel depends on the type of vessel is being used so it can be derived from crude oil or it can be a blend of gasoline and natural gas.
The global bunker fuel market is estimated to account for 399.59 Bn in terms of value by the end of 2027, witnessing a CAGR of 4.6%.
Market Drivers:
1. Increasing import and export activities are expected to drive growth of the global bunker fuel market during the forecast period
According to the United Nations Conference on Trade and Development (UNCTAD), goods loaded worldwide reached 11.1 billion tons in 2019, increasing from 10 billion tons in 2015.
2. Ongoing research and development initiatives related to vessel designs to enhance fuel efficiency and improve performance is expected to propel the global bunker fuel market growth over the forecast period
Major market players are focused on research and development activities, in order to design a better vessel that can offer enhanced fuel efficiency, reliability & safety, better performance, and low maintenance.
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Market Opportunities:
1. Increasing awareness toward reducing environmental pollution can present lucrative growth opportunities in the global bunker fuel market
Governments of many countries have implemented stringent regulations on environmental pollution. As a result, it has increased the awareness of consumers towards the same across the globe. This, in turn, is expected to create lucrative growth opportunities for gasoline, LPG, LNG, and others as an alternative to other types of bunker fuels including high sulfur fuel oil, diesel oil, and low sulfur fuel oil. Many players in the shipping industry are laying major emphasis on LNG as a substitute marine fuel. Key players in the market can capitalize on these opportunities by providing novel solutions.
2. Increased naval budgets worldwide can provide key business opportunities in the global bunker fuel market
Governments of many countries are investing significantly to modernize their naval fleet with the addition of advanced weaponry systems, submarines, aircraft, and aircraft carriers. For instance, in February 2020, the U.S. government announced a budget of US$ 582 billion for the U.S. Navy for fiscal 2021.
Market Trends:
1. Continuous product innovation by major manufacturers is a key trend in the market
Key companies in the market are focused on research and development activities, in order to expand their market position. For instance, in March 2019, British Petroleum (BP) launched a new very low sulfur fuel oil (VLSFO) with a maximum sulfur content of 0.5%. BP has developed this marine fuel by working closely with the International Maritime Organization, partners, and customers.
2. Rising airline traffic is accelerating the shipping industry growth
Increasing airline traffic has supported the shipping industry, typically cargo vessels, which is expected to impart a positive impact on the bunker oil market.
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Competitive Landscape:
Key companies involved in the bunker fuel market are Lukoil-Bunker LLC, Chemoil Energy Limited, Bunker Holding A/S, Aegean Marine Petroleum Network, Inc., Royal Dutch Shell plc, World Fuel Services Corporation, Exxon Mobil Corporation, Gulf Agency Company Ltd., BP Marine Ltd., and Gazpromneft Marine Bunker LLC.
For instance, in February 2020, Lukoil-Bunker LLC acquired two bunkering tankers G. Rossini and G. Puccini for operation in Big Port St. Petersburg.
Market Segmentation:
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Coherent Market Insights
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2021 Honor Marks Fourth Consecutive Year of Recognition for Company
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it received the 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award for its outstanding efforts in energy management. This is the fourth consecutive year that OPI has achieved Partner of the Year recognition and the second year OPI has earned the Sustained Excellence designation in the Energy Management category. Currently, 46 buildings in OPI’s portfolio are ENERGY STAR certified.
The ENERGY STAR Partner of the Year award recognizes ENERGY STAR partner businesses and organizations in good standing that demonstrate superior leadership, innovation, and commitment to environmental protection through energy efficiency and ENERGY STAR. The Sustained Excellence award is the highest honor bestowed by the ENERGY STAR program and winners are part of a distinguished group that has made a long-term commitment to fighting climate change and protecting public health through energy efficiency. They are among the nation’s leaders in driving value for the environment, the economy and the American people.
Chris Bilotto, President and Chief Operating Officer of OPI provided the following comments:
“We are proud to be honored as an Energy Star Partner of the Year for the fourth year in a row. Our energy management efforts underscore our commitment to environmental stewardship, limiting our carbon footprint and continued execution of our sustainability initiatives.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
All properties owned by OPI are managed by the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). The RMR Group provides property management services nationwide for nearly 1,300 properties with approximately 92 million square feet of office, industrial, medical office, life science and retail space. RMR exclusively provides property management services to its managed clients and does not offer stand-alone property management services to third-parties. RMR has also been honored with a 2021 ENERGY STAR® Partner of the Year for Sustained Excellence Award.
About Office Properties Income Trust
Office Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States and leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
About The RMR Group Inc.
The RMR Group Inc. (Nasdaq: RMR) is a holding company and substantially all of its business is conducted by its majority owned subsidiary, The RMR Group LLC, or RMR. RMR is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is buttressed by its more than 600 real estate professionals in over 30 offices nationwide who manage $32 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: energystar.gov/about and energystar.gov/numbers.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
Olivia Snyder, Manager, Investor Relations
(617) 219-1410
www.opireit.com
DUBLIN--(BUSINESS WIRE)--The "Data Center Market in India - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The India data center market by investment is expected to grow at a CAGR of over 12% during the period 2020-2026.
The India market is witnessing significant investment from colocation service providers due to high demand from BFSI, logistics, transportation, e-commerce, and government agencies, fueled by the outbreak of the COVID-19 pandemic. Several global colocation and data center service providers have been shown a tremendous inclination toward the Indian data center market, which is likely to contribute to the market growth. For instance, in August 2020, Equinix entered India with the acquisition of GPX Global Systems in Mumbai, which is likely to close by Q2 2021. In December 2020, Adani Group announced to set up a hyperscale data center facility with an investment of around $340 million in Chennai.
The company had partnered with the global colocation service provider, EdgeConneX, to build and operate 1 GW of data center campuses across the country, powered by renewable energy power plants in India. Government agencies and enterprises are setting up their own data centers in India. The deployment of on-premises infrastructure solutions continues to grow in the market. Also, the National Payments Corporation of India, State Bank of India, National Payments Corporation of India, and Information Technology Department Tamil Nadu investing in their self-built facilities in the country.
The following factors are likely to contribute to the growth of the India data center market during the forecast period:
The study considers the present scenario of the India data center market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Questions Answered
1. What is the COVID-19 impact on the data center market in India?
2. What is the India data center market size and growth rate during the forecast period?
3. What are the key drivers and trends in the Indian data center market?
4. Who are the new entrants in the India data center market?
5. Which are the prominent destinations for data center investments in India?
6. Which security challenges are faced by data center infrastructure providers?
Market Dynamics
Opportunities & Trends
Enablers
Restraints
Key Data Center Critical (IT) Infrastructure Providers
Key Data Center Support Infrastructure Providers
Key Data Center General Construction Contractors
Key Data Center Investors
New Entrants
For more information about this report visit https://www.researchandmarkets.com/r/hoabrr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MILWAUKEE--(BUSINESS WIRE)--Physicians Realty Trust (NYSE: DOC) (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed health care real estate investment trust, is proud to announce that we have earned a 2021 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.
“This recognition is a testament to the long-time commitment we have made to elevating Environmental, Social, and Governance (ESG) principles across all facets of our business,” said John Thomas, President & Chief Executive Officer. “At DOC, we have long believed that we have a responsibility to make a difference in the lives of our team members, investors, health care partners, and those who visit our properties, while also contributing to a more sustainable future for generations to come. While we celebrate today’s announcement, we recognize that it is not the culmination of our efforts, but another important step forward as we continue to invest in better for our communities and be leaders in ESG performance within the health care real estate industry.”
Earning an ENERGY STAR Partner of the Year Award distinguishes corporate energy management programs and is the highest level of EPA recognition. Partners must perform at a superior level of energy management, demonstrate best practices across the organization, prove organization-wide energy savings, and communicate the benefits of ENERGY STAR. ENERGY STAR Award Winners lead their industries in the adoption of energy-efficient products, services, and strategies. These efforts are essential to fighting the climate crisis and protecting public health.
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
As an ENERGY STAR partner since 2014, DOC has made an ongoing and long-term commitment to incorporate better environmental impact principles into our business thoughtfully and responsibly. In 2020, those efforts were highlighted by the publication of our inaugural ESG report (https://www.docreit.com/esg/), which detailed our implementation of a comprehensive, three-year commitment to reduce energy, emissions, and water usage by 10% over our 2018 base year, as well as a 10% increase in waste diversion. DOC has also made great strides in working with our health care partners to pursue low- or no-cost economic efficiencies across our portfolio, while leveraging an expanding array of building data – including utilizing ENERGY STAR Portfolio Manager – to prioritize capital improvement projects with the greatest environmental and financial impact.
ENERGY STAR award winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About ENERGY STAR®
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations – including more than 40 percent of the Fortune 500® – rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/impacts
About Physicians Realty Trust
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own and manage health care properties that are leased to physicians, hospitals and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. The Company is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. The Company conducts its business through an UPREIT structure in which its properties are owned by the Operating Partnership, directly or through limited partnerships, limited liability companies or other subsidiaries.
Physicians Realty Trust
John T. Thomas
President and CEO
(214) 549-6611
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Jeffrey N. Theiler
Executive Vice President and CFO
(414) 367-5610
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NEW YORK--(BUSINESS WIRE)--Monomoy Capital Partners, a middle market private investment firm focused on operational value creation, announced today that it has entered into a definitive agreement to sell West Marine, Inc. (the “Company”) to L Catterton, the largest global consumer-focused private equity firm. Terms of the transaction were not disclosed.
Founded in 1968, West Marine is the leading integrated, omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the United States. With 237 locations across 38 states and Puerto Rico and two ecommerce platforms reaching domestic, international and professional customers, West Marine is the largest specialty retailer for boating products in the country and recognized by its enthusiast customer base as the leading resource for cruisers, sailors, anglers and watersports devotees.
Monomoy acquired West Marine through a take-private transaction in September 2017 with the goal of improving the Company’s sourcing, operations and merchandizing while refocusing the business on its core customer base and revitalizing the West Marine brand.
Dan Collin, a Co-CEO of Monomoy, said: “We purchased West Marine three and a half years ago with a plan for meaningful value creation and tangible growth. Monomoy and its Operating Team partnered with management to improve operations across the business and transform the strategic direction of the Company. Our value creation work helped management more than double the Company’s earnings during Monomoy’s ownership while substantially increasing free cash flow. We are proud of our role in rebuilding West Marine into a thriving business that is well-positioned for accelerated growth under L Catterton’s ownership.”
“Monomoy and its deep bench of operational talent served as an invaluable partner through the transformation of West Marine,” explained Ken Seipel, West Marine’s Chief Executive Officer. "We are grateful to Monomoy for its leadership, its unflinching commitment to improving and growing our business, and in positioning West Marine to achieve continued success under new ownership.”
Monomoy acquired West Marine under its private equity vehicle, Monomoy Capital Partners III, L.P., a $768 million fund raised in 2016. The sale to L Catterton is subject to customary closing conditions and is expected to close during the second quarter.
Kirkland & Ellis LLP served as legal counsel and Baird served as exclusive financial advisor to West Marine and Monomoy with respect to the transaction.
About Monomoy
Monomoy Capital Partners is a private investment firm with $2.4 billion in committed capital across a family of five investment funds. Monomoy invests in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe. Please see our website at www.mcpfunds.com for further information concerning Monomoy at its portfolio companies.
MiddleM Creative, on behalf of Monomoy
Joanne Verkuilen, Managing Partner
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2021, of $0.52 per unit.
This corresponds to $2.08 per outstanding unit on an annualized basis.
This cash distribution will be paid on May 13, 2021 to all unitholders of record as of the close of business on April 29, 2021.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
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FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation will issue a news release announcing first quarter 2021 earnings results after market close on Monday, May 3, 2021 and will host a live conference call and webcast on Tuesday, May 4, 2021 at 10:00 a.m. CDT to discuss the corporation’s financial and operating performance.
Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast, go to www.ottertail.com/presentations and select “Webcast.” Please allow time prior to the call to visit the site and download any software required to listen. A copy of the webcast will be available on the corporation’s website shortly after the call.
Dial 877-312-8789 to be able to ask a question during the conference call, or dial 866-634-1342 to listen only.
About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.
Loren Hanson, 218-739-8481
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Bohn, MacFarlane, and Webb to serve three-year terms on Board of Directors
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (NASDAQ: OTTR) held its second virtual-only annual meeting of common shareholders on April 12, 2021. Due to the continuing public health threat of COVID-19, the company elected again to host this year’s annual meeting as a virtual-only meeting. This was the corporation’s 111th annual meeting. Represented by proxy or present in person at the meeting was 80.6 percent of the corporation’s total shares outstanding.
Shareholders reelected Karen M. Bohn, Charles S. MacFarlane, and Thomas J. Webb to serve three-year terms on Otter Tail Corporation’s board of directors. Ms. Bohn, of Edina, Minnesota, is the President of Galeo Group, LLC, a management consulting firm. Ms. Bohn has been on the board since 2003. She serves as the Chair of the Corporate Governance Committee and is a member of the Audit Committee. Mr. MacFarlane, of Fergus Falls, Minnesota, is the President and Chief Executive Officer of Otter Tail Corporation and Chief Executive Officer of Otter Tail Power Company. He formerly served as President of Otter Tail Power Company. Mr. MacFarlane has been on the board since 2015. Mr. Webb, of Richland, Michigan, is an advisor to a variety of companies, including CenterPoint Energy, Inc. He is a retired Executive Vice President and Chief Financial Officer of CMS Energy Corporation, primarily a gas and electric utility. Mr. Webb has been on the board since 2018. He is a member of the Audit and Compensation and Human Capital Management Committees.
About Otter Tail Corporation
Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information are available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minn., and Fargo, N.D.
Media contact:
Stephanie Hoff, Director Corporate Communication, (218) 739-8535 or (218) 205-6179
Investor contact:
Loren Hanson, Manager, Investor Relations, (218) 739-8481 or (800) 664-1259
TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has published its Sustainability Report for the fiscal year ended December 31, 2020. The report includes information relating to the Company’s efforts on environmental, social, and corporate governance practices over the years and specifically during 2020. The Sustainability Report can be found on the Company’s website at www.osg.com/safety-environment.
Anja Manuel, Chair of the Corporate Governance and Risk Assessment Committee of OSG’s Board of Directors, stated, “We are excited to introduce OSG’s first ever Sustainability Report for 2020 — an effort that involved all of OSG to provide our stakeholders a comprehensive view of the Company’s environmental, social, and corporate governance performance.”
She added, “OSG’s executive team and the entire Board take seriously our responsibility to steadily improve the Company’s practices as they relate to environmental stewardship, social responsibility, and corporate governance. We look forward to building on this excellent start.”
For more information, please visit the Company’s wesite at www.osg.com.
About Overseas Shipholding Group, Inc
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATB, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates two Marshall Islands flagged MR tankers which trade internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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SINGAPORE--(BUSINESS WIRE)--Green Tiger Markets Pte Ltd. (GTM) today announced its partnership with SSY Futures Ltd to act as the exclusive broker to its leading-edge, over-the-counter electricity marketplace for Philippines and Singapore electricity forwards.
Green Tiger Markets is delighted to be working with SSY Futures Ltd, the leading brokerage for Asian electricity, to support Singapore and Philippine market participants in this fast-growing area. Green Tiger Markets is committed to bringing the benefits of an open derivatives marketplace to new and underserved markets.
John Knorring, CEO of Green Tiger Markets commented – “Green Tiger Markets is thrilled to partner with SSY Futures Ltd. We are confident that the combination of our innovative platform and SSY - Asia’s leading electricity broker - will not only accelerate the growth of both the Philippines and Singaporean energy markets, but will also have a meaningful, long-lasting impact on these economies.”
Head of SSY Energy Derivatives, James Whistler added – “SSY is delighted to be partnering with Green Tiger Markets to help the Philippines develop its electricity and wider energy markets. We strongly believe the ability to transact in a competitive and transparent marketplace will help participants effectively manage their risks and be of substantial value to the Philippine economy.”
About Green Tiger Markets
Green Tiger Markets Pte Ltd. (GTM) develops and operates a derivatives marketplace that facilitates the forward hedging of price risk on a financial basis. Marketplace participants buy or sell Forward contracts with other participants who have opposing price risk management needs.
GTM’s mission is to support the growth and development of new and underserved markets through transparency and price discovery. In support of this mission, GTM built an innovative and flexible proprietary platform that allows new products to be launched quickly and the market to be configured based on the needs of the market participants.
About SSY Futures Ltd
SSY Futures Ltd is one of the largest Dry Bulk and Freight derivatives brokerages in the World, with brokers in London, Singapore and Stamford. SSY Futures specialises in the steel complex and base metals derivatives as well as Forward Freight Agreements, with a new energy business targeting gas and power contracts. SSY Futures is a wholly owned subsidiary of Simpson Spence Young.
About Simpson Spence Young
Established in 1880, Simpson Spence Young (SSY) is the world's largest independent shipbroker. Our 400 employees cover each major market including dry cargo chartering, tanker chartering, LNG chartering and projects, ship sale and purchase, chemical chartering, consultancy and research, futures and towage.
SSY has a global reach, with offices in London, Singapore, Houston, Shanghai, Stamford - USA, Sydney, Geneva, Bergen, Hong Kong, New York, Mumbai, Madrid, Oslo, Sao Paulo, Copenhagen, Tokyo, Vancouver, Dubai, Varna and Zug.
Green Tiger Markets
Matthew Kelber
+1-917-992-7826
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SSY
James Whistler
+65 6854 7126
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LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended March 31, 2021 before the opening of market on Monday, May 3, 2021. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on May 3, 2021 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results.
Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.
A telephone replay of the conference call will be available through May 8, 2021. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 4211257.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643
Rebecca Hussey
Manager, Investor Relations
(509) 891-3574
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for six years in a row, its 8th overall ENERGY STAR Partner of the Year win.
The Sustained Excellence Award is the highest honor bestowed by the ENERGY STAR program. Winners are part of a distinguished group that has made a long-term commitment to fighting climate change and protecting public health through energy efficiency. They are among the nation’s leaders in driving value for the environment, the economy, and the American people.
“A focus on energy efficiency is fundamental to our approach to real estate,” said Michelle Ngo, chief financial officer at KRC. “We are so proud to have earned the ENERGY STAR Partner of the Year—Sustained Excellence Award, which demonstrates to our employees, tenants, investors, and all other stakeholders the deep importance we place on our partnership with ENERGY STAR and on reducing energy consumption in our buildings.”
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the “company,” “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.
As of December 31, 2020, KRC’s stabilized portfolio totaled approximately 14.6 million square feet of primarily office and life science space that was 91.2% occupied and 94.3% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 89.5% and 50.4%, respectively. In addition, KRC had six in-process development projects with an estimated total investment of $1.6 billion, totaling approximately 1.9 million square feet of office and life science space. The office and life science space was 89% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 68% LEED certified and 39% Fitwel certified, the highest of any non-government organization, as of December 31, 2020.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the listed sustainability leader in the Americas for six of the last seven years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for eight years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past six years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. For the second year in a row, the company has been named to Bloomberg’s Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions generally, and specifically, in the States of California and Washington; risks associated with our investment in real estate assets, which are illiquid, and with trends in the real estate industry; defaults on or non-renewal of leases by tenants; any significant downturn in tenants’ businesses; our ability to re-lease property at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for distribution and debt service and exposure to risk of default under debt obligations; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or at all, which may adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in real estate asset valuations, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts; delays or refusals in obtaining all necessary zoning, land use and other required entitlements, governmental permits and authorizations for our development and redevelopment properties; increases in anticipated capital expenditures, tenant improvement and/or leasing costs; defaults on leases for land on which some of our properties are located; adverse changes to, or enactment or implementations of, tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers; environmental uncertainties and risks related to natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2020 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
Sara Neff
Senior Vice President, Sustainability
310-481-8449
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Peter Batty Brings 35 Years’ Experience in Serving the Geospatial Industry for Utility and Telecommunication Organizations
DENVER--(BUSINESS WIRE)--#SSPInnovations--SSP Innovations, the leading provider of utility and telecommunications GIS and work management solutions, announced today the hiring of veteran industry leader Peter Batty. His previous roles include serving as CTO at GE Smallworld, Intergraph and IQGeo. Batty joins SSP on the Executive Leadership Team as Chief Research Officer. He will lead SSP in researching new technologies and building out innovative new product offerings, as well as providing guidance to the Executive Leadership Team and the overall strategic direction of the company.
Batty will initially have a strong focus on automated field sourcing, working on enabling utility and telecom field workers to automatically record changes to the network where and when they happen.
“I see a transformational change coming in the geospatial industry in terms of how we create and maintain data,” Batty said. “It will be driven by a broad range of technologies beyond the geospatial industry, including machine learning, computer vision, augmented reality, and more.”
“Peter has been an innovator his entire career and has a well-established voice in the industry. I am very excited to align his innovation efforts with SSP’s brand of thought leadership,” SSP CEO Skye Perry said. “With Peter’s broad industry experience, he will also support SSP’s advancement of geospatial technology within both utilities and telecom via evangelism, marketing, and sales support of our products and services.”
“Peter has specific ideas for products in the area of automated data capture, and evaluating where he could have the most impact on the industry with his work led him to SSP,” Perry said. “Key factors included Esri’s dominant position in the marketplace and their investment in relevant technologies such as reality capture, together with SSP’s strong position in utilities and telecoms, our excellent momentum, the expertise of our team, and our willingness to invest in new ideas.”
ABOUT SSP INNOVATIONS
Founded in 2003 and headquartered in Centennial, Colorado, SSP Innovations provides award-winning solutions to electric and gas utilities; telecommunications providers; and pipeline operators worldwide. For more information, please visit https://www.sspinnovations.com/.
Keith Freeman
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CHICAGO--(BUSINESS WIRE)--$VTR #ENERGYSTARawards--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”), an S&P 500 company and leading, diversified healthcare Real Estate Investment Trust, announced today that is has been named a 2021 ENERGY STAR® Partner of the Year by the U.S. Environmental Protection Agency (“EPA”) and the U.S. Department of Energy for the first time. The award recognizes the Company’s energy efficiency achievements across its portfolio of approximately 1,200 properties.
“Ventas has a longstanding commitment to environmental, social and governance (ESG) excellence, which imbues our enterprise and drives our ongoing sustainability and energy management practices and investments,” said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer. “This award recognizes the dedicated efforts our employees and operating partners have made to ensure our properties manage energy efficiently and meet the highest standards in environmental responsibility as we work towards achieving our ambitious new energy and emissions reduction targets set in 2020. These efforts are consistent with the priority we place on ESG, health and safety because they will help to address the impact of climate change on the environment and public health.”
The initiatives undertaken by Ventas to earn this award include:
Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR award winners lead their industries in the production, sale and adoption of energy-efficient products, services, and strategies.
“ENERGY STAR award-winning partners are showing the world that delivering real climate solutions makes good business sense and promotes job growth,” said EPA Administrator Michael S. Regan. “Many of them have been doing it for years, inspiring all of us who are committed to tackling the climate crisis and leading the way to a clean energy economy.”
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About Ventas
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world’s foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population. For more than twenty years, Ventas has followed a successful strategy that endures: combining a high-quality diversified portfolio of properties and capital sources to manage through cycles, working with industry leading partners, and a collaborative and experienced team focused on producing consistent growing cash flows and superior returns on a strong balance sheet, ultimately rewarding Ventas stakeholders. As of December 31, 2020, Ventas owned or managed through unconsolidated real estate entities approximately 1,200 properties.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Louise Adhikari, This email address is being protected from spambots. You need JavaScript enabled to view it. / +1 312 660 3816
LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE: ACM) (“we,” “us,” “our” or the “Company”), the world’s premier infrastructure consulting firm, today announced that in connection with its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $700,000,000 aggregate purchase price (not including any accrued and unpaid interest) of its outstanding 5.875% Senior Notes due 2024 (the “Notes”), the Company has accepted and purchased $607,940,000 aggregate principal amount of the Notes that were validly tendered and not validly withdrawn on or prior to 5:00 p.m. New York City time on April 6, 2021 (the “Early Tender Deadline”). Registered holders (“Holders”) of Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Deadline received the total consideration of $1,146.25 per $1,000 principal amount of Notes tendered and accepted for purchase, plus accrued and unpaid interest from the last date on which interest had been paid to, but excluding, April 13, 2021.
The aggregate purchase price paid by the Company was $696,851,225 (the “Purchase Price”), plus accrued and unpaid interest. The amounts paid were funded using the proceeds from the Company’s Term B Facility (as defined below) and cash on hand.
The Company also announced that it has executed an amendment to its existing senior secured credit facilities, pursuant to which it has incurred an incremental senior secured term loan B credit facility (the “Term B Facility”) in an aggregate principal amount of $700,000,000. The proceeds of the Term B Facility were used to fund a portion of the Purchase Price on April 13, 2021 and fees and expenses in connection therewith.
The terms and conditions of the Tender Offer and the Consent Solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated March 24, 2021 (as amended, the “Offer to Purchase and Consent Solicitation Statement”).
The Tender Offer and the Consent Solicitation will expire immediately after 11:59 p.m., New York City time, on April 23, 2021, unless extended or earlier terminated by the Company (the “Expiration Time”). Holders of Notes that are validly tendered after the Early Tender Deadline and on or prior to the Expiration Time and accepted for purchase by the Company pursuant to the Tender Offer will receive the tender offer consideration of $1,116.25 per $1,000 principal amount of Notes tendered and accepted for purchase, plus accrued and unpaid interest from the last date on which interest had been paid to, but excluding, the final settlement date.
Notes tendered in the Tender Offer may no longer be withdrawn, except in certain limited circumstances where additional withdrawal or revocation rights are required by law.
As previously announced, in connection with the Consent Solicitation (as defined in the Offer to Purchase and Consent Solicitation Statement), after receipt of at least a majority of the principal amount of the Notes on April 6, 2021, the Company and U.S. Bank National Association, as trustee (the “Trustee”), executed a supplemental indenture (the “Supplemental Indenture”) to the indenture governing the Notes (the “Indenture”) giving effect to certain proposed amendments to the Indenture. Subject to the terms of the Offer to Purchase and Consent Solicitation Statement, the Supplemental Indenture became effective upon execution by the Company and the Trustee, and became operative upon the Company accepting and making payment for all Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Deadline.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
BofA Securities is the dealer manager (the “Dealer Manager”) in the Tender Offer and the Consent Solicitation. D.F. King & Co., Inc. has been retained to serve as the tender and information agent (the “Tender and Information Agent”) for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation should be directed to BofA Securities at (980) 388-3646 (all call) or This email address is being protected from spambots. You need JavaScript enabled to view it.. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and other related materials should be directed to D.F. King & Co., Inc. at (800) 290-6426 (all call), (212) 232-3233 (Banks and Brokers) or at This email address is being protected from spambots. You need JavaScript enabled to view it..
None of the Company, its board of directors, the Dealer Manager, the Tender and Information Agent, the Trustee under the Indenture, the Depository Trust Company nor any of their respective affiliates, makes any recommendation as to whether any Holder should tender or deliver, or refrain from tendering or delivering, any or all of such Holder’s Notes or the Consents (as defined in the Offer to Purchase and Consent Solicitation Statement), and none of the Company nor any of its affiliates has authorized any person to make any such recommendation. The Tender Offer and the Consent Solicitation are made only by the Offer to Purchase and Consent Solicitation Statement. The Tender Offer and the Consent Solicitation are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the securities, blue sky or other laws require the Tender Offer and the Consent Solicitation to be made by a licensed broker or dealer, the Tender Offer and the Consent Solicitation will be deemed to be made on behalf of the Company by the Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About AECOM
AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension costs; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
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Expands Line of Energetics Products
HOUSTON--(BUSINESS WIRE)--Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced it has begun manufacturing, selling and distributing detonating cord to the oil and gas perforating and pipe recovery markets.
Hunting initiated manufacturing with a standard temperature line of RDX and an elevated temperature line of HMX detonating cords. This latest addition to Hunting’s energetics product line has undergone rigorous quality control and continuous testing during manufacturing.
Hunting, through its Titan Division, has more than 25 years of experience advancing oilfield ballistic products. Its strategy of internalizing the manufacturing of its energetics products has helped ensure its high standards and supply chain inventories are met.
Hunting’s detonating cords are available through the company’s network of distribution centers strategically located in all the world’s oil-producing regions.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in Canada, China, Indonesia, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United Arab Emirates and the United States of America.
The company’s Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.
Business Contact:
John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
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