MONTERREY, Mexico--(BUSINESS WIRE)--#Brandenburg--CEMEX, S.A.B. de C.V. (“CEMEX”) and its partners announced today the inauguration of the Carbon Neutral Alliance, which aims to accelerate the development of innovative technologies designed to transform CEMEX’s Rüdersdorf plant into the first carbon-neutral cement facility by 2030.
The Carbon Neutral Alliance comprises a network of over 20 private and public entities, dedicated to climate innovation. Among the technologies being introduced at Rüdersdorf is a waste heat recovery project scheduled for the summer of 2022, as well as the development of renewable energy generation. Additionally, and as a result of CEMEX's cooperation with Sasol and ENERTRAG, the company expects to produce sustainable aviation fuel onsite.
Prof. Jörg Steinbach, Brandenburg’s Minister of the Economy; Fernando A. Gonzalez, CEO of CEMEX; Marius Brand, Executive Vice President of Sasol: Sasol 2.0 Transformation; Dr. Helge Sachs, Senior Vice President of Sasol ecoFT; and Francisco Quiroga, the Mexican Ambassador in Germany, met to inaugurate the consortium at the Rüdersdorf cement plant on May 31st. At the event, CEMEX reaffirmed its commitment to climate action and its ambition of achieving carbon neutrality by 2050. The Rüdersdorf Alliance is an important step in scaling the necessary technology to reach this goal.
"At the Rüdersdorf cement plant, we are introducing breakthrough decarbonization technologies that will bring the world closer to climate neutrality. Each step towards this goal is made easier through cooperation with our business partners,” said Fernando A. González, CEO of CEMEX. “We are delighted to be partnering with an alliance of world class industrial experts and with governmental authorities who are as committed as we are to decarbonization.”
The experience and knowledge gained from the Carbon Neutral Alliance will be an important foundation for CEMEX as it decarbonizes the cement production process at its plants around the world.
The activities of the Carbon Neutral Alliance are part of CEMEX's climate action program: Future in Action. In 2020, the company announced its decarbonization strategy, setting its own global target to reduce carbon emissions by 40% by 2030*. This target is expected to be achieved in Europe in 2022. By 2030, CEMEX intends to reduce emissions at its European sites by 55%, in line with European Union's new strategy to reduce CO2 emissions. CEMEX has also announced its goal to achieve net-zero carbon emissions in concrete by 2050.
CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: www.cemex.com
* Compared to 1990 emission levels.
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.
Media Relations
Jorge Pérez
+52 (81) 8259-6666
This email address is being protected from spambots. You need JavaScript enabled to view it.
Analyst and Investor Relations
Alfredo Garza / Fabián Orta
+1 (212) 317-6011
+52 (81) 8888-4327
This email address is being protected from spambots. You need JavaScript enabled to view it.
CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), has priced an offering of $500 million aggregate principal amount of its 7.50% senior notes due 2027; and $500 million aggregate principal amount of its 7.50% senior notes due 2030 (collectively, the Notes). This represents an increase of $200 million in combined aggregate principal amount of the Notes from the previously announced amount, which incremental amount EQM intends to use to repay certain of its outstanding indebtedness. The Notes will be issued at a price of par. Other than as described above regarding the incremental proceeds from the upsizing of the offering, EQM intends to use the net proceeds from the offering of the Notes along with cash on hand and/or borrowings under EQM’s Third Amended and Restated Credit Agreement, dated as of October 31, 2018 (as amended, the EQM Credit Facility), to purchase a portion of its outstanding indebtedness in the Tender Offers (as defined below). In the event the Tender Offers are not consummated, are terminated, or the net proceeds from the offering are otherwise in excess of the amount needed to fund the Tender Offers, EQM intends to use any remaining proceeds for general partnership purposes, including to repay certain outstanding indebtedness, including borrowings under the EQM Credit Facility or any existing notes not purchased in the Tender Offers, or to prefund capital expenditures and/or capital contributions to Mountain Valley Pipeline, LLC. Subject to the satisfaction of customary closing conditions, the offering is expected to close on June 7, 2022.
On May 31, 2022, EQM also commenced tender offers (the Tender Offers) to purchase for cash (1) any and all of its outstanding 4.750% senior notes due 2023 and (2) its 6.000% senior notes due 2025 and its 4.000% senior notes due 2024 up to an aggregate principal amount of $200 million (collectively, the Target Notes). The terms and conditions of the Tender Offers are set forth in EQM’s Offer to Purchase, dated May 31, 2022 (the Offer to Purchase).
The offering of the Notes has not been registered under the Securities Act of 1933, as amended (Securities Act), or any state securities laws and, unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. This news release is not an offer to purchase or a solicitation of an offer to sell the Target Notes. The Tender Offers are being made solely pursuant to the Offer to Purchase. This news release is not a notice of redemption for any existing notes.
Cautionary Statement Regarding Forward-Looking Information
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act. Statements that do not relate strictly to historical or current facts are forward-looking. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of ETRN, as well as assumptions made by, and information currently available to, such management. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” “target,” “outlook,” or “continue,” and similar expressions are used to identify forward-looking statements. These statements are subject to various risks and uncertainties, many of which are outside of ETRN’s control. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements relating to the anticipated closing of the offering and the Tender Offers, including the expected timing thereof and the anticipated source and use of proceeds therefrom, as applicable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN and EQM have based these forward-looking statements on current expectations and assumptions about future events. While ETRN and EQM consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, judicial and other risks and uncertainties, many of which are difficult to predict and are beyond ETRN’s and EQM’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s and EQM’s business and forward-looking statements include, but are not limited to, those set forth in ETRN’s publicly filed reports with the Securities and Exchange Commission (the SEC), including those set forth under Item 1A, “Risk Factors” of ETRN’s Annual Report on Form 10-K for the year ended December 31, 2021 and ETRN’s subsequent filings.
Any forward-looking statement speaks only as of the date on which such statement is made, and ETRN does not intend to correct or update any forward-looking statement, unless required by securities laws, whether as a result of new information, future events or otherwise. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media inquiries:
Natalie A. Cox — Communications and Corporate Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
KINGSTON, Jamaica--(BUSINESS WIRE)--#dobusinessjamaica--As Jamaica pursues its Vision 2030 development plan which will transform the island’s economy, the country’s government continues to develop and seek innovative investments that can accelerate economic and social growth.
These investment projects will not only provide economic rewards, but will also be sustainable, create new avenues for development in communities, towns, and cities, and will lead to significant improvement in Jamaica’s overall business environment.
Jamaica’s Minister of Industry, Investment and Commerce, Senator the Honourable Aubyn Hill, noted that the government has expended significant resources to foster an enabling environment for economic growth. “Our long term goal is for investment products and partnerships that are sustainable, that will energize our economy and drive positive change at all levels of society,” the Minister underscored.
“We consider innovative investments to be all about sustainability, transformation and expansion,” explained Norman Naar, Vice President of Sales and Promotions at Jamaica’s investment and export promotions agency, JAMPRO. “These investments will help to protect our environment, meet the challenge of climate change, and create employment opportunities across the society. They will make Jamaica more competitive and strengthen connections between investors and suppliers.”
Ultimately, the goal is to encourage and facilitate the development of products and services that will enhance the lives of the island’s population. These products and services will also use technology to advance sectors like agriculture, manufacturing, tourism, and others.
Innovative investment projects already underway – with more to come
There are a number of innovative and sustainable investment projects already underway within the Jamaican economy.
In the energy sector, there are three significant solar and wind energy projects generating 115MW kWh in renewable energy; approximately 14 percent of energy generation. Renewable energy is a significant part of Jamaica’s Integrated Resource Plan, which aims to achieve 30 percent of electricity generation from renewables by 2030.
These projects include the 20-megawatt (MW) Content Solar Ltd. solar energy electricity generation plant owned by WRB Energy Company; the Wigton windfarm with a 20.7 MW plant and an 18 MW extension facility, the largest wind energy facility in the English-speaking Caribbean; and Jamaica’s largest photovoltaic power plant, the 51 MWp (megawatts-peak) Paradise Park solar farm, one of the cheapest producers of energy in the country.
In manufacturing, the government has highlighted the island’s “clean beauty” sector as an area of focus, where investors would partner with local manufacturers of beauty products that use ethically sourced ingredients like local castor oil. Helping these local companies increase production and find additional markets will increase employment in the communities from which they source their workers and boost the manufacturing industry.
Another area of focus in manufacturing is the transformation of plants like bamboo to create raw materials and value-added products. The Bamboo Bioproducts (BBP) project, for example, will be the world’s first fully integrated bamboo pulp mill, using a sustainable agro-ecological-industrial model. Locally grown bamboo acquired from company-owned lands and managed farms across the island will be used to manufacture bamboo pulp, which will be exported to global markets.
In tourism, there are opportunities to create wellness and eco-tourism projects that will protect Jamaica’s environment, while building on the country’s strong brand as a destination for visitors.
With regards to agriculture, Naar revealed, “We are seeking innovative investments in agribusiness that can improve the sector’s resilience, profitability, and output. In the leveraging of technology in agriculture, we look to reduce risk of theft, improve consistency and significantly increase yield or scale of production. Therefore, we have a major drive to increase the use of agriculture tech or Agtech as it is also known.”
This includes the creation of projects that have Agtech elements like controlled environment agriculture, automation of commercial greenhouses, and precision farming. Climate smart agriculture and climate-resilient crops are also needed.
Investment in medicinal plants and the cannabis industry will provide the opportunity to boost medical research and will lead to the development of pharmaceuticals and nutraceuticals.
Priority Investment Project initiative will facilitate more investments
To increase the level of these innovative investments that are sustainable, and to create economic benefits and local business and community involvement, the government has launched the Priority Investment Project Initiative as part of Jamaica’s National Investment Policy.
The initiative prioritizes projects that will have high performance in areas like economic impact, innovation, linkages, investment in internationally competitive industries, and developmental impact on the local economy. Once a project meets the required standards and is approved by Jamaica’s Cabinet, the investors will receive non-fiscal benefits to assist in overcoming challenges they may face with the venture.
Regarding the initiative, Minister Hill said, “We are serious about fostering investments that bring innovation to the Jamaican economy, and that includes working with investors as partners in achieving their goals. This priority investment initiative will help us to give these projects even more support; at the same time, it helps to ensure that we meet our Vision 2030 objectives through projects that will provide a major boost to our economy and society.”
ABOUT JAMPRO
The Jamaica Promotions Corporation (JAMPRO)’s mission is to drive economic development through growth in investment and export. JAMPRO is an Agency of the Ministry of Industry, Investment, and Commerce. For more information on JAMPRO, please visit https://dobusinessjamaica.com/.
Follow us on:
Tamica Parchment
Marketing Communications
JAMPRO
(876) -978-7755
Renewable Wind and Solar Energy Project Development Underway;
Indonesia Ideal for Power Island Floating Storage Regasification & Power Solutions
JAKARTA, Indonesia & SINGAPORE--(BUSINESS WIRE)--Twenty20 Energy, which delivers innovative energy solutions that accelerate the transition to a cleaner energy future, signed a Memorandum of Understanding (MOU) with PT Satyamitra Surya Perkasa (PT SSP), a proven engineering, procurement, and construction (EPC) company in Indonesia, to jointly propose innovative clean energy and renewable power generation solutions throughout Indonesia.
Development teams from Twenty20 Energy and PT SSP are working together to pursue power generation opportunities within the Indonesian market, while the two companies’ design and operations teams will jointly create power generation solutions that fit the unique needs and geographies of Indonesia.
Twenty20 Energy and PT SSP are collaborating to develop renewable, solar and onshore wind energy solutions. The two companies are conducting due diligence on a shortlist of appropriate locations for these projects.
Twenty20 Energy and PT SSP also believe Indonesia is an ideal market for Twenty20’s proprietary Power Island Floating Storage Regasification & Power (FSRP) solution, which is specifically designed for regions comprised of multiple islands and coastal communities desiring to transition from coal-fired or subsidized diesel generation to more environmentally friendly solutions.
“Indonesia is one of the most populous archipelago countries in the world with global commercial interests,” said Jim Schnieders, Twenty20 Energy’s president, who has extensive experience working in Indonesia. “Because of its geography, and its many remote and distanced island chains, getting power to the entire country has been a challenge. We’ve engineered several innovative solutions and believe by working with PT SSP, we can help to address the power infrastructure issues in many of these locations.”
Although Indonesia has continued to improve its electrification rate, pressing needs remain as many of its remote islands and communities subsist on costly subsidized diesel generation or aging power generation and transmission assets powered by coal-fired generation. Perusahaan Listrik Negara (PLN), the national utility and state-owned company, has stated aggressive goals in its national power master plan (RUPTL) and is seeking to transition its power generation plants from largely coal and diesel to natural gas and renewable energy sources. The Indonesian government has stated goals to increase power generated from renewable sources from 9.15% in 2019 to 23% in 2025, and 31% in 2050, achieving net zero emissions in 2060. The expectation is that 635 gigawatt would be supplied via renewable sources.
“PT SSP, as a proven power EPC provider in Indonesia, is pleased to collaborate in partnership with Twenty20 Energy and looks forward to building on our long-term cooperation with clean and renewable energy solutions in Indonesia and the adjacent Asian markets,” said Eric Aristanto, director of PT SSP. “As PT SSP moves through our own IPO this year, we look forward to developing, executing and operating projects in partnership with Twenty20.”
About Twenty20 Energy
Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate a transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 provides engineering, project execution and asset management, coupled with the capacity to provide funding or shared ownership positions. Uniquely positioned in the energy landscape, Twenty20 has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.
About PT Satyamitra Surya Perkasa
PT Satyamitra Surya Perkasa (PT SSP) was established in 1988 and is headquartered in Jakarta. PT SSP has established a strong presence in Indonesia and is recognized as one of the leading Indonesian engineering procurement construction companies with extensive international client experience. PT SSP provides Civil, Mechanical and Electrical/Instrumentation works to the Power Plant, Chimney/Refractory, Chemical & Petrochemical Plant, Storage Tank Terminal, Onshore Oil & Gas, Oil Refineries Infrastructure and Industrial Building sectors.
Bob Zeitlinger / Makovsky
This email address is being protected from spambots. You need JavaScript enabled to view it. / 551 427 7298
TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (“Li-Cycle”or the “Company”) (NYSE: LICY), today announced that it plans to release its second quarter 2022 financial results (for the period ended April 30, 2022) prior to market open on Tuesday, June 14, 2022. Management will review the results during a conference call and audio-only webcast at 8:30 a.m. (Eastern Time) on the same day.
Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:
Domestic: |
1 (800) 909-5202 |
||||
International: |
1 (785) 830-1914 |
||||
Participant Code: |
LICYQ222 |
||||
Webcast: |
A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
Investor Relations
Nahla A. Azmy
Sheldon D’souza
This email address is being protected from spambots. You need JavaScript enabled to view it.
Press
Kunal Phalpher
This email address is being protected from spambots. You need JavaScript enabled to view it.
On board newest Mercy Ship, African leaders commit to Dakar Declaration – a roadmap which will accelerate access to surgical, obstetric, and anesthetic care by 2030
DAKAR, Senegal--(BUSINESS WIRE)--H.E. President of Senegal Macky Sall has inaugurated the world’s largest purpose-built hospital ship and committed to accelerate access to surgical, obstetric and anesthetic care for the nations of Africa. Ceremonies commemorated more than 30 years of service in Africa. International humanitarian organization Mercy Ships and its partners in Africa used the opportunity to come together in an unprecedented and strategic effort to improve access to safer surgery across the continent through a series of milestone events.
Representatives from Cameroon, the Union of Comoros, Congo Brazzaville, The Gambia, Guinea-Bissau, and Senegal, gathered on board the Global Mercy to approve a strategic road map to improve surgical care for African nations by 2030, where an estimated 93% of sub-Saharan Africa still lack access to safe surgery.
H.E. President Macky Sall greeted the Heads of State, saying, “We, heads of states present this day, have adopted the Dakar Declaration, which is the result of the meticulous work of our ministers and experts on access to surgical, obstetric and aesthetic care. As President in Office for the African Union, I commit to bring the Dakar Declaration to the summit of heads of state and African governments.”
Gert van de Weerdhof, Mercy Ships Chief Executive Officer said, “At the end of a difficult week for Senegal and for all of us after the tragic events that happened; today, I want to greet you all on this special day here in Dakar, Senegal. The inauguration of the Global Mercy is only one part of the reason we celebrate today. Big decisions have been made here in Dakar.”
President of the Union of the Comoros, Azali Assoumani said, “I pay tribute to Senegal as well as the personnel of Mercy Ships for their commitment to this mission. I applaud this model cooperation contributing to the strengthening of our surgical, obstetric, and anesthetic systems in Africa.”
The Dakar Declaration is an historic agreement following foundational discussions from an International Symposium in Senegal held May 4 – 6, 2022 where experts and ministers of health from 29 African nations met to put forward their commitment to advancing access to surgical, obstetric, and anesthetic care. The result of the Symposium brought a fresh initiative to draft a clear path toward safer and wider access to surgical care in Africa by 2030. Symposium members shared knowledge of their countries’ surgical care situations, addressed gaps and challenges in their national surgical, obstetric and anesthetic plans, and developed new strategies for implementation and capacity building. Prior to the International Symposium, a baseline assessment was carried out with each country and evaluated by a scientific committee.
A first of its kind in Africa, this study has so far collected data about the availability, access, and operation of surgical, obstetric, and anesthetic healthcare systems in 29 of the 47 nations of WHO’s sub-Saharan African region. The survey provides critical insights into Africa’s healthcare systems from the perspective of district hospitals, particularly in the area of surgery. The World Health Organization will leverage the results of the study to complete the ongoing situational analysis of clinical and hospital services, as well as develop and finalize the regional strategy for strengthening clinical and hospital services in Africa.
The comprehensive preliminary report developed by members of the scientific committee led to the drafting of a roadmap to scale up investment in the strengthening of surgical, obstetric, anesthetic, and nursing care in Africa, in line with the Sustainable Development Goals (SDG). A draft Dakar Declaration was prepared and endorsed by the Ministers of Health and approved by visiting African Heads of State.
The new hospital ship, Global Mercy™ is 174 meters long, 28.6 meters wide and has space for 200 patients, six operating rooms, one laboratory, general outpatient clinics, a dental clinic, and an eye clinic. The hospital decks cover a total area of 7,000 square meters and contain the latest training facilities. When in full service, the ship will be able to accommodate up to 950 people when docked, including crew members and volunteers from all over the world.
A recording of the inauguration ceremony can be found here: https://www.youtube.com/watch?v=HylOGBYaX-0.
ABOUT MERCY SHIPS:
Global health for the last two decades has focused on individual diseases, while surgical care in low-resource countries has not received the attention it needs. Lack of surgical care resulted in almost 17 million deaths annually.
Mercy Ships is an international faith-based organization that operates hospital ships to deliver free, world-class healthcare services, medical capacity building, and health system strengthening to those with little access to safe surgical care. Since 1978, Mercy Ships has worked in more than 55 countries, with the last three decades focused entirely on partnering with African nations. Each year, volunteer professionals from over 60 countries serve on board the world’s two largest non-governmental hospital ships, the Africa Mercy® and the Global Mercy™. Professionals such as surgeons, dentists, nurses, health trainers, cooks, and engineers dedicate their time and skills to the cause. Mercy Ships has offices in 16 countries and an Africa Bureau. For more information, visit mercyships.org and follow us @MercyShips on social media.
Africa
Yasmina Bilboa
APO Account Director
Telephone: +221 76175922
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://APO-opa.com
Domestic
Laura Rebouche’
U.S. National Media Relations Director
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://www.mercyships.org
International
Diane Rickard
Mercy Ships International Media Relations Manager
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://MercyShips.africa/press/
ST. LOUIS--(BUSINESS WIRE)--Core & Main, Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, will issue its financial results for the first fiscal quarter ended May 1, 2022, before the market opens on Tuesday, June 14, 2022.
Core & Main will host a conference call and webcast at 8:30 a.m. EDT the same day to discuss the Company’s financial results. The live webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing (844) 200-6205 or +1 (929) 526-1599 (international). The passcode for the live call is 525828. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to the start of the call.
An archived version of the webcast will be available immediately following the call. A slide presentation highlighting Core & Main’s results and key performance indicators will also be made available on the Investor Relations section of Core & Main’s website prior to the call.
About Core & Main
Based in St. Louis, Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets nationwide. With approximately 300 locations, the company provides its customers local expertise backed by a national supply chain. Core & Main’s 4,100 associates are committed to helping their communities thrive with safe and sustainable infrastructure. Visit coreandmain.com to learn more.
Robyn Bradbury
VP, Investor Relations and FP&A
(314) 995–9116
This email address is being protected from spambots. You need JavaScript enabled to view it.
What can European cities do to combat climate change? What are the cities of young people’s dreams like? These are some of the questions dealt with at the annual conference of the Eurocities network in Espoo on 8–10 June 2022.
ESPOO, Finland--(BUSINESS WIRE)--#ClimateChange--At the three-day conference that brings the management of European cities together, the topics discussed include the inclusion of young people, co-creation and cities’ leadership in the work against climate change. The theme of the annual conference, An Era of New Beginnings, consists of three parts, Dream, Act and Lead, through which these topics are studied. The conference attendees include city leadership from Oslo, Rotterdam, Helsinki, Brussels, Stockholm and Munich, among other cities.
On Friday, one of the keynote speakers will be Executive Vice-President of the European Commission Frans Timmermans, who will introduce the discussion on climate-neutral cities.
“Cities play a key role in the progress towards the EU’s climate goals and building a sustainable future. The annual conference also strengthens the dialogue between cities and the European Commission. However, achieving the goals will be impossible if cities cannot extensively involve operators from all sectors of society. Co-creation and cooperation between the public and private sector are some of the overarching themes of the conference, in addition to climate leadership and young people’s inclusion,” says Milla Ovaska, Head of International Affairs at the City of Espoo.
As a part of the conference and the European Year of Youth, Espoo is organising the Future Mentors programme in which young people living in European cities engage in dialogue with the policymakers of their cities. This is called reverse mentoring.
“We wanted to provide young people with an opportunity to voice their dreams, wishes and concerns about the future of their home city. The decisions that we are making now will have long-term influence, and young people will be the ones living in the future we create. We would like the programme to encourage policymakers to engage in dialogue and give space to new ways of thinking,” says Marianne Julkunen, Partnership Coordinator.
Eurocities Awards to best practices of resident inclusion
On the evening of Thursday 9 June, the conference programme includes the Eurocities Awards ceremony, which showcases the member cities’ projects that have succeeded best in involving their residents and influencing their quality of life. This year’s awards will be given in three categories: ‘Future generations transforming the cities,’ ‘Skills and competences for the future’ and ‘Scalable solutions for positive climate impact.’ The winners will be selected by a five-person jury.
Representatives of the media are cordially invited to attend the annual Eurocities conference on-site at Espoo, Finland. The conference is also available virtually on its website.
#Eurocities2022
#FutureMentors2022
The conference has been created in collaboration with various organisations, all relevant to building future-proof cities and societies. The main partners are Aalto University and VTT. You can find all partners at: eurocities2022.eu/partners.
Eurocities is the key network of European cities for Espoo. Eurocities supervises interests at the level of the EU, generates information about the EU’s funding application rounds and EU legislation, and functions as a peer learning platform for its member cities.
Eurocities 2022 Espoo conference:
Milla Ovaska, Head of International Affairs, tel. +358 (0)43 824 4911, This email address is being protected from spambots. You need JavaScript enabled to view it.
Future Mentors programme:
Marianne Julkunen, Partnership Coordinator, tel. +358 (0)40 554 3606, This email address is being protected from spambots. You need JavaScript enabled to view it.
Interview requests for keynote speakers and other media enquiries:
Mari Ala-Mikkula, Marketing and Communications Manager, +358 (0)43 826 7495, This email address is being protected from spambots. You need JavaScript enabled to view it.
EWING, N.J.--(BUSINESS WIRE)--$OLED #AdesisInc--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, and Adesis, Inc., a leading contract research organization and a wholly-owned subsidiary of Universal Display Corporation (UDC), today announced its sponsorship and participation in the 2022 Middle Atlantic Regional Meeting (MARM) of the American Chemical Society (ACS), which will be held June 1-4 at The College of New Jersey. This year’s MARM theme is “Our Chemical Revolution,” and will emphasize diversity, equity, and inclusion, highlight advances in science and recognize the achievements of outstanding chemists.
“With Universal Display and Adesis being leaders in chemistry innovation and commercialization, we are pleased to sponsor and participate in the 50th Middle Atlantic Regional Meeting,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “MARM brings together leading scientists to discuss the latest advances in chemistry, molecular modeling, nanotechnology, polymer science, and related fields. As a pioneering technology innovator, UDC supports an expanding range of educational initiatives designed to inspire and encourage future generations interested in Science, Technology, Engineering and Math (STEM) fields. We are delighted to support regional students with conference scholarships to attend MARM and to sponsor the research poster session.”
Universal Display Corporation and Adesis, Inc. are sponsors of MARM 2022. Universal Display is sponsoring conference registration for ten students, which will be distributed equitably by conference organizers. Adesis is a research poster session sponsor. In addition, UDC and Adesis will be on-site for the MARM expo and career fair. Participants for MARM 2022 include:
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,500 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
About Adesis, Inc.
As a wholly-owned subsidiary of Universal Display Corporation, Adesis is a contract research organization (CRO) supporting the pharma, biotech, catalysis and a number of other industries. The CRO specializes in organic and organometallic synthesis, in milligrams to multi-kilogram quantities. Adesis has a business model of providing clients with organic chemistry services in three areas: early stage research, scale up and development, and specialty manufacturing. With over 20 years of success and approximately 100 chemists with extensive industry and professional experience, Adesis supports companies in various industries with small molecule organic chemistry expertise. Adesis provides a range of services that can supplement research and development efforts. It can also act as a specialty manufacturer to reinforce supply chains and protect sensitive intellectual property. To learn more about Adesis, please visit http://adesisinc.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
Follow Universal Display Corporation
(OLED-C)
Universal Display Contact:
Darice Liu
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 609-964-5123
DUBLIN--(BUSINESS WIRE)--The "Unmanned Sea System Market Research Report by Platform (USVs and UUVs), Capability, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Unmanned Sea System Market size was estimated at USD 662.09 million in 2021, USD 810.93 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 22.65% to reach USD 2,254.63 million by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.
Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward.
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States.
This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.
This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for the market considering the current update on the conflict and its global response.
Company Usability Profiles:
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing demand from naval sector with focus on development and procurement of unmanned systems
5.1.1.2. Rising demand in commercial applications of unmanned surface and underwater vehicles
5.1.1.3. Increase in spending from offshore oil and gas companies
5.1.2. Restraints
5.1.2.1. Difficulties in design due to the need for high level computing power and data collection within a minimal size
5.1.3. Opportunities
5.1.3.1. Ongoing investments in the use of technologies such as artificial intelligence in unmanned sea systems
5.1.3.2. Application of advanced onboard electronics to make efficient real-time decisions with more sophisticated control
5.1.4. Challenges
5.1.4.1. Concerns pertinent to underwater operations, communication with submerged platforms
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Unmanned Sea System Market, by Platform
6.1. Introduction
6.2. USVs
6.3. UUVs
7. Unmanned Sea System Market, by Capability
7.1. Introduction
7.2. Autonomous Vehicle
7.3. Remotely Operated Vehicle
8. Americas Unmanned Sea System Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Unmanned Sea System Market
10. Europe, Middle East & Africa Unmanned Sea System Market
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.1.1. Quadrants
11.1.2. Business Strategy
11.1.3. Product Satisfaction
11.2. Market Ranking Analysis
11.3. Market Share Analysis, By Key Player
11.4. Competitive Scenario
11.4.1. Merger & Acquisition
11.4.2. Agreement, Collaboration, & Partnership
11.4.3. New Product Launch & Enhancement
11.4.4. Investment & Funding
11.4.5. Award, Recognition, & Expansion
12. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tezx4k
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced that it has added 100 million EUR to its senior secured revolving credit facility, which expands the company's facility to 350 million EUR.
“In light of current volatility within the global energy markets, we feel it is prudent to increase our revolving credit facility. We believe this will cover our working capital needs up to an oil price of about $200 per barrel. We want to be proactively prepared for this higher level of volatility,” said Jeff Glajch, Orion’s chief financial officer.
This expansion was completed at similar terms as Orion’s previous facility. Two new global lenders were added to the lending group. The credit facility was oversubscribed, reflecting confidence in Orion’s prospects during these unsettled times.
About Orion Engineered Carbons
Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time, and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or other information, other than as required by applicable law.
Wendy Wilson
Orion Engineered Carbons
Head of Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 281-974-0155
William Foreman
Orion Engineered Carbons
Director of Corporate Communications and Government Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
IG Climate Action Portfolios to be among First Canadian Funds to Compensate for Asset Emissions through Purchase and Retirement of Carbon Credits
TORONTO & WINNIPEG, Manitoba--(BUSINESS WIRE)--$NETZ #NETZ--IG Wealth Management (“IG”) and Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming”) are pleased to announce that they have collaborated to position the IG Climate Action Portfolios (the “Portfolios”) as unique, sustainable investment solutions available to Canadian investors that are aligned with the global effort to reach net-zero emissions through the purchase and retirement of carbon credits to offset asset emissions.
The IG Climate Action Portfolios are a suite of four global diversified managed investment solutions that provide clients with ways to support the world's transition to net-zero emissions and take advantage of the growth opportunities therein. They are constructed to provide exposure to a number of climate-related approaches that stand to benefit the planet and to deliver a variety of outcomes, from protecting capital and providing income, to providing long-term capital appreciation.
Through the deal with Carbon Streaming, the Portfolios’ estimated emissions will be compensated for by the purchase and retirement of carbon credits, which improves the environmental impact of the Portfolios1. For the Portfolios’ first year, carbon credits have been purchased and retired from the world-renowned Rimba Raya Biodiversity Reserve (“Rimba Raya”).
“Teaming up with IG, one of Canada’s leading wealth management firms, on this initiative is an exciting and vital innovation we are proud to facilitate for Canadian investors,” said Justin Cochrane, CEO, Carbon Streaming. “This collaboration delivers on two of our key strategic pillars, establishing partnerships for climate action and furthering global net-zero.”
Rimba Raya is one of the largest peat swamp forest conservation projects in the world, preventing deforestation of lands previously gazetted for conversion to palm oil plantations. In addition to livelihood programs in local villages which advance UN Sustainable Development Goals, the project area is home to one of the few remaining wild populations of orangutans on earth.
“We are thrilled to work with Carbon Streaming to offer Canadians a truly impactful way to support climate action while planning for their financial future,” said Damon Murchison, President and CEO, IG Wealth Management. “By leveraging Carbon Streaming’s expertise, we are able to advance our goal of transitioning the IG Climate Action Portfolios to net-zero emissions and provide our clients with the opportunity to have a positive impact on our planet.”
About Carbon Streaming
Carbon Streaming is a unique ESG principled company offering investors exposure to carbon credits, a key instrument used by both governments and corporations to achieve their carbon neutral and net-zero climate goals. Our business model is focused on acquiring, managing and growing a high-quality and diversified portfolio of investments in projects and/or companies that generate or are actively involved, directly or indirectly, with voluntary and/or compliance carbon credits.
The Company invests capital through carbon credit streaming arrangements with project developers and owners to accelerate the creation of carbon offset projects by bringing capital to projects that might not otherwise be developed. Many of these projects will have significant social and economic co-benefits in addition to their carbon reduction or removal potential.
The Company has executed carbon credit streaming agreements related to over 10 projects around the globe, including nature-based, biochar, clean cookstove and water filtration projects. Carbon Streaming intends to continue building and diversifying its high-quality portfolio of investments in the near term.
To receive corporate updates via e-mail as soon as they are published, please subscribe here.
About IG Wealth Management
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $111.6 billion in assets under advisement as of April 30, 2022 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $257.4 billion in total assets under management and advisement as of March 31, 2022.
Advisories
The references to third party websites and sources contained in this news release are provided for informational purposes and are not to be considered statements of IG Wealth Management or Carbon Streaming.
1 The amount of carbon credits to be acquired (and retired) by the underlying fund in which an IG Climate Action Portfolio invests is subject to the following maximum cost per annum, measured as a percentage of the net asset value of the applicable IG Climate Action Portfolio: Global Equity & Global Equity Balanced 0.08%, Global Neutral Balanced & Global Fixed Income Balanced 0.07%. The IG Climate Action Portfolios are managed by I.G. Investment Management, Ltd.
Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated.
FOR CARBON STREAMING:
Media Contact
Amy Chambers
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact
Andrea Cheung
This email address is being protected from spambots. You need JavaScript enabled to view it.
FOR IG WEALTH MANAGEMENT:
English Media Inquiries
Hilary Bassett
416-951-7558
This email address is being protected from spambots. You need JavaScript enabled to view it.
French Media Inquiries
Lara Berguglia
514-994-2382
This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“LREO”) today announced that it has posted to its secure investor relations site key operating and financial results for the first-quarter 2022, and that it will hold an investor conference call on June 7, 2022, at 10:00 a.m. CST. Investors who hold LREO’s 4.250% Senior Notes due in 2029, prospective investors, broker-dealers, and securities analysts are welcome to access the investor call, and can join the live webcast here.
For voice-only access, dial: |
|
Number: |
+1 (510) 338-9438 (USA Toll Free) |
|
+44-20-3198-8144 (UK Toll) |
Code: |
2550 863 2008 |
Password: |
66893827 |
A recording and transcript of the investor call will be posted to LREO’s secure investor site within 24 hours of the call. Please join the event five minutes prior to scheduled start time.
For information on how to access the site, visit https://www.leewardenergy.com/request-access/ or contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Leeward Renewable Energy Operations, LLC
Leeward Renewable Energy Operations, LLC is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LREO is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LREO is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
This email address is being protected from spambots. You need JavaScript enabled to view it.
TORONTO--(BUSINESS WIRE)--Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) will report its financial results for the three and six month periods ending April 30, 2022 on June 14, 2022, prior to the market opening. Flow will host a conference call and webcast the same day to discuss the financial results and provide a business outlook.
Conference Call and Webcast Details
Date: |
June 14, 2022 |
|
Time: |
9:00 a.m. ET |
|
Conference ID: |
34018934 |
|
Dial-in: |
(416) 764-8646 or (888) 396-8049 |
|
Webcast: Replay: |
Link |
|
|
Passcode 018934 |
|
|
Available until July 14, 2022 |
|
About Flow
Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a sustainable, 100% recyclable and up to 75% renewable, plant-based pack. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, award-winning organic flavours, and collagen-infused flavours in sizes ranging from 330-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available online at flowhydration.com and are sold at over 30,500 stores across North America.
For more information on Flow, please visit Flow’s investor relations site at:
investors.flowhydration.com.
Cautionary Statement
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Such forward-looking statements include, but are not limited to, information with respect to our objectives and the strategies for achieving those objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking statements are typically identified by the use of words such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, although not all forward-looking statements contain these words. Forward-looking statements are provided for the purposes of assisting the reader in understanding Flow and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-looking statements are based on assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Those risks and uncertainties include the following: impact and spread of COVID-19; ability to achieve and manage growth; failure to expand sales capabilities; changes in consumer preferences; criticism of packaged water; maintain brand image and product quality; constrained or unavailable spring water sources; inability to package products; increased competition; accurately estimating demand; maintaining relationships with distributors and vendors; changing retail landscape; incorrect product design or development; product information misrepresentation; revenues derived entirely from packaged beverages; increases in costs or shortages of materials; fluctuation of quarterly operating results; no assurance of profitability; fluctuations in foreign currency; changes in government regulation; contamination or recalls of ingredients or end products; loss of intellectual property rights; litigation; future tax rates; catastrophic events; climate change; seasonal business; dependence on key information systems and third-party service providers; ability to securely maintain confidential information; maintaining and upgrading information technology systems; conflict of interest; dual class share structure; potential volatility of share price; no assurance of active market for shares; lack of dividends; global financial condition; publication of inaccurate or unfavourable research and reports; operating history; and management and conflict of interests. Consequently, all of the forward-looking statements contained herein are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and we do not undertake to update or amend such forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Devan Pennell, Chief Financial Officer
1-844-356-9426
This email address is being protected from spambots. You need JavaScript enabled to view it.
US investors:
Lynne Collier
This email address is being protected from spambots. You need JavaScript enabled to view it.
Canadian investors:
Marc Charbin
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Natasha Koifman
This email address is being protected from spambots. You need JavaScript enabled to view it.
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the filing of a Tender Offer and Prospectus Supplement (the “Offer”) with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to which the exercise price of each tendered Series A Warrant of the Corporation (each a “Series A Warrant”) is being temporarily reduced. Each Series A Warrant is exercisable for 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $2.5668 per Series A Warrant (or $5.75 per whole share of Common Stock). During the Offer, the holders of Series A Warrants will be given the opportunity to exercise their Series A Warrants at a temporarily reduced cash exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock).
To participate in the Offer and exercise Series A Warrants at the reduced exercise price, holders will be required to tender such Warrants prior to 11:59 p.m. (Eastern Time) on June 28, 2022, as the same may be extended by the Corporation in its sole discretion (the “Expiration Date”).
The purpose of the Offer to Exercise is to encourage the exercise of the Series A Warrants by temporarily reducing the exercise price, which will provide funds to the Corporation for anticipated working capital, capital expenditures, temporary reduction of indebtedness, and general corporate purposes. If all of the outstanding Series A Warrants are exercised for cash at this reduced exercise price, the Corporation would receive gross proceeds of approximately $19.7 million from such exercises.
No Offer or Solicitation
This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information
The discussion of the proposed Offer contained in this press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell securities. Holders of the Corporation’s outstanding Series A Warrants should read those materials and the documents in the Tender Offer Statement on Schedule TO-I filed with the SEC carefully because they contain important information, including the various terms and conditions of the tender offer. The Tender Offer Statement, including the offer to exercise and other related materials, will also be available to Warrant holders at no charge on the SEC’s website at www.sec.gov or from the Corporation. Holders of the Corporation’s Series A Warrants are urged to read those materials carefully prior to making any decisions with respect to the tender offer.
A registration statement and prospectus supplement thereto relating to the exercise of the Series A Warrants in the Offer have been filed with the SEC. Copies of the prospectus supplement relating to the exercise of the Series A Warrants, together with the accompanying base prospectus included in the registration statement, may be obtained from the SEC at http://www.sec.gov, or from the Corporation at 726 Bell Avenue, Suite 301, Carnegie, PA 15106; Telephone: (412) 456-4470.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by us or on behalf of the Corporation. This press release may include, but is not limited to, statements about the Corporation’s ability to complete the Offer; operating performance, trends and events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, inflation, the global supply chain, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials; limitations in availability of capital to fund our operations and strategic plan; inability to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations; inability to obtain necessary capital or financing on satisfactory terms in order to acquire capital expenditures that may be required to support our growth strategy; inoperability of certain equipment on which we rely; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; changes in the existing regulatory environment; inability to successfully restructure our operations; consequences of global pandemics (including COVID-19); work stoppage or another industrial action on the part of any of our unions; inability to satisfy the continued listing requirements of the New York Stock Exchange or the NYSE American Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; failure to maintain an effective system of internal controls; disruptions caused by hostilities, including any disruptions caused by the hostilities in Ukraine; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K, and Part II of the latest Quarterly Report on Form 10-Q. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Africa Oil & Gas Monitor" newsletter has been added to ResearchAndMarkets.com's offering.
AfrOil has always been at the forefront of news and analysis on political change in Africa. Leading commentaries in recent years have covered the Arab Spring in North Africa, the splitting of Sudan, and regional political divides in Nigeria and other countries.
AfrOil not only provides analysis of what is happening on the political landscape, but gives insights in to what effects this may have on the oil & gas industry in these regions.
AfrOil highlights company activity throughout Africa, from planning and investment to production and results. Through its coverage of new projects and developments, as well as contracts or tenders being announced and won, AfrOil has allowed customers to keep ahead of their competition and look for new opportunities across the continent.
Sample Table of Contents
COMMENTARY
PIPELINES & TRANSPORT
INVESTMENT
PERFORMANCE
POLICY
PROJECTS & COMPANIES
NEWS IN BRIEF
NEWSBASE ROUNDUP GLOBAL (NRG)
OUR CUSTOMERS
Countries Covered
For more information about this newsletter visit https://www.researchandmarkets.com/r/9tvr2z
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Available on the Safety Action Center, the videos show Californians basic steps to prepare for the upcoming wildfire season
OAKLAND, Calif.--(BUSINESS WIRE)--Last year, more than 300,000 Californians watched Pacific Gas and Electric Company’s (PG&E) video learning series, “7 Saturdays to a More Fire-Resistant Home,” to learn how to prepare their homes and communities for wildfire season.
Now, the show is returning with three new bonus episodes that will show Californians how to get Ready, Set, and Go! These three steps empower communities to prepare for the wildfire season and for swift action should there be a wildfire in their area.
“Fire seasons are starting earlier and lasting longer,” said David Hawks, Senior Public Safety Specialist at PG&E. “The Ready, Set, Go! framework gives homeowners the knowledge they need to prepare their home, family and community from the threat of a wildfire ahead of an emergency – and to better assist first responders.”
“Meteorologists and fire experts continue to forecast that the state of California faces an unprecedented wildfire risk, and that we all need to get ready,” said Sumeet Singh, a PG&E Executive Vice President, Chief Risk Officer and Interim Chief Safety Officer.
“At PG&E, we are doing everything possible to prepare for the peak wildfire season and to keep our hometowns that we are privileged to serve safe. We know our customers also want to learn how they can prepare for an emergency – which is why we created the ‘7 Saturdays’ learning series,” Singh said.
You can watch the first of the three bonus episodes now on the Safety Action Center (safetyactioncenter.pge.com), PG&E’s online preparedness resource which provides information to help customers keep their families, homes and businesses safe during natural disasters and other emergencies. The second and third episodes will be released in June.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), intends to offer, subject to market conditions, $800 million in aggregate principal amount of senior notes due 2027 and 2030 (collectively, the Notes) in a private offering. EQM intends to use the net proceeds from the offering of the Notes along with cash on hand and/or borrowings under EQM’s Third Amended and Restated Credit Agreement, dated as of October 31, 2018 (as amended, the EQM Credit Facility), to purchase a portion of its outstanding indebtedness in tender offers with respect to (i) any and all of its outstanding 4.750% senior notes due 2023, and (ii) its outstanding 6.000% senior notes due 2025 and 4.000% senior notes due 2024 up to an aggregate principal amount of $200 million, which commenced on May 31, 2022 (the Tender Offers, and such notes, the Target Notes). In the event the Tender Offers are not consummated, are terminated or the net proceeds from the offering are otherwise in excess of the amount needed to fund the Tender Offers, EQM intends to use any remaining proceeds for general partnership purposes, including to repay certain outstanding indebtedness, including borrowings under the EQM Credit Facility or any existing notes not purchased in the Tender Offers, or to prefund capital expenditures and/or capital contributions to Mountain Valley Pipeline, LLC.
The offering of the Notes has not been registered under the Securities Act of 1933, as amended (Securities Act), or any state securities laws and, unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. This news release is not an offer to purchase or a solicitation of an offer to sell the Target Notes. The Tender Offers are being made solely pursuant to EQM’s Offer to Purchase, dated May 31, 2022. This news release is not a notice of redemption for any of the existing notes.
Cautionary Statement Regarding Forward-Looking Information
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act. Statements that do not relate strictly to historical or current facts are forward-looking. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of ETRN, as well as assumptions made by, and information currently available to, such management. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” “target,” “outlook,” or “continue,” and similar expressions are used to identify forward-looking statements. These statements are subject to various risks and uncertainties, many of which are outside of ETRN’s control. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements relating to the offering and the Tender Offers, including the expected timing thereof and the anticipated source and use of proceeds therefrom, as applicable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN and EQM have based these forward-looking statements on current expectations and assumptions about future events. While ETRN and EQM consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, judicial and other risks and uncertainties, many of which are difficult to predict and are beyond ETRN’s and EQM’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s and EQM’s business and forward-looking statements include, but are not limited to, those set forth in ETRN’s publicly filed reports with the Securities and Exchange Commission (the SEC), including those set forth under Item 1A, “Risk Factors” of ETRN’s Annual Report on Form 10-K for the year ended December 31, 2021 and ETRN’s subsequent filings.
Any forward-looking statement speaks only as of the date on which such statement is made, and ETRN does not intend to correct or update any forward-looking statement, unless required by securities laws, whether as a result of new information, future events or otherwise. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media inquiries:
Natalie A. Cox — Communications and Corporate Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
Platform integration that enables Australian solar installers to access training accreditation courses to participate in a market that is set for rapid growth.
SYDNEY--(BUSINESS WIRE)--OpenSolar Pty Ltd, a software company focused on empowering solar installers with the world’s most accurate and entirely free solar design and sales platform, and Global Sustainable Energy Solutions (GSES), the internationally recognised renewable energy engineering consultancy, education and training provider, today announced a first-of-its-kind platform integration partnership that offers Australian solar installers a one stop shop for running their solar business while securing and maintaining Australian Clean Energy Council accreditations.
The integration between OpenSolar and GSES marks the launch of the OpenSolar Academy - OpenSolar’s commitment to deliver not only cutting edge software tools but also the knowledge necessary for solar professionals to grow their businesses and excel at what they do. This partnership creates a seamless experience between designing and selling solar systems to customers, and participating in a wide variety of leading training courses such as Solar PV and batteries design and installation, Australian standards, and BOS equipment. This is useful not only to keep accreditations up to date for a solar business, but it opens the door to more knowledge for more of a solar company’s employees in the native software environment that they use daily.
“Since the election it’s very clear to us that Australia intends to double down on its leadership in rooftop solar,” said Andrew Birch, Co-Founder and CEO of OpenSolar. “Experienced Australian installers and new people that will undoubtedly now enter the solar workforce will benefit from the leading solar design and sales platform now combined with the leading solar knowledge platform. We’re proud to launch the OpenSolar Academy with GSES.”
“GSES leads Australia in renewable energy engineering, training and consultancy,” said Geoff Stapleton, Founder and Managing Director of GSES. “The next logical step for us is to integrate our online, self-paced training with a toolset that Australian installers are using every day to design, sell and install for their customers. The partnership is well positioned to support Australia’s growing renewable energy workforce.”
Starting on 1 June 2022, Australian solar professionals can go to www.opensolar.com/academy to learn more about this new capability, and select the courses most suited to the needs of their business and their team.
About OpenSolar
OpenSolar launched in 2019 with a mission to scale solar globally by providing installers with innovative software technology and an equally innovative business offering – the world’s first entirely free-to-use design and sales platform. Solar installers can use OpenSolar’s end-to-end platform to manage and grow their businesses all in one place with class-leading solar design accuracy, interactive custom proposals, and a portfolio of fully integrated financing options, products, and services. OpenSolar is based in Sydney, Australia, with remote offices in the U.S., Europe and the UK. For more information, visit www.opensolar.com.
About GSES
GSES® leads Australia in renewable energy engineering, training and consultancy. We specialise in photovoltaic design, solar training, publications and PV system audits. Established in 1998, GSES has a diverse portfolio, executing projects in Australia, New Zealand, Asia, Africa and the Pacific Islands for both government and private enterprise regarding Renewable Energy engineering, consultancy, design, audit and education. For more information, visit https://www.gses.com.au/
OpenSolar
Maaike Gobel
This email address is being protected from spambots. You need JavaScript enabled to view it.
GSES
This email address is being protected from spambots. You need JavaScript enabled to view it.
CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (the Partnership), has commenced tender offers (each, an Offer and, collectively, the Offers) to purchase for cash (i) any and all of its outstanding 4.750% Notes due 2023 (the Any and All Tender Offer, and such notes the Any and All Notes) and (ii) its 6.000% Notes due 2025 and its 4.000% Notes due 2024 (the Maximum Tender Offers, and such notes collectively, the Maximum Tender Notes) up to an aggregate principal amount of $200 million (as such amount may be increased or eliminated by the Partnership pursuant to the terms of the Offers, the Aggregate Maximum Principal Amount), subject to the acceptance priority levels noted in the second table below.
The terms and conditions of the Offers are set forth in the Partnership’s Offer to Purchase, dated May 31, 2022 (the Offer to Purchase).
The Offer to Purchase relates to three separate Offers, one for each series of notes (each series, a Series of Notes, and such notes, collectively, the Notes). The Partnership’s obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by the Partnership of a number of conditions, including the receipt by the Partnership of the net proceeds from one or more debt financing transactions on terms and in amounts reasonably satisfactory to the Partnership (the Financing Condition). No Offer is conditioned on any minimum amount of Notes being tendered or the consummation of any other Offer.
Any and All of the Notes Listed Below
|
||||||
Notes |
CUSIP Numbers |
Principal Amount
|
Total
|
|||
4.750% notes due 2023..................... |
26885B AD2 |
$600,000,000 |
$1,020.00 |
|||
Up to the Aggregate Maximum Principal Amount
|
||||||
Notes |
CUSIP Numbers |
Principal Amount
|
Acceptance
|
Tender
|
Early Tender
|
Total
|
6.000% notes due 2025..................... |
26885B AF7 U26886 AA6 |
$700,000,000 |
1 |
$1,000.00 |
$30.00 |
$1,030.00 |
4.000% notes due 2024..................... |
26885B AA8 |
$500,000,000 |
2 |
$970.00 |
$30.00 |
$1,000.00 |
_________________
(1) |
Per $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase. |
|
(2) |
Excludes accrued interest, which will be paid on Notes accepted for purchase as described herein. |
|
(3) |
Includes the Early Tender Premium (as defined in the Offer to Purchase) for Notes validly tendered at or prior to the Early Tender Deadline (as defined below) (and not validly withdrawn) and accepted for purchase. |
The Any and All Tender Offer will expire at 5:00 p.m., New York City time, on June 6, 2022, unless extended or earlier terminated (such time and date, as the same may be extended with respect to the Any and All Tender Offer, the Any and All Expiration Date). Holders (as defined in the Offer to Purchase) of the Any and All Notes must validly tender and not validly withdraw their Any and All Notes at or prior to the Any and All Expiration Date to be eligible to receive the Total Consideration for such Any and All Notes. The settlement date for the Any and All Tender Offer is expected to be June 7, 2022, unless extended by the Partnership (the Any and All Settlement Date), or for Any and All Notes validly tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase, June 9, 2022 (the Guaranteed Delivery Settlement Date).
The Maximum Tender Offers will expire at 11:59 p.m., New York City time, on June 28, 2022, unless extended or earlier terminated (such time and date, as the same may be extended with respect to the Maximum Tender Offers, the Maximum Tender Expiration Date). Holders of Maximum Tender Notes must validly tender and not validly withdraw their Maximum Tender Notes at or prior to 5:00 p.m., New York City time, on June 13, 2022 (such time and date, as the same may be extended with respect to one or more Offers, the Early Tender Deadline) in order to be eligible to receive the applicable Total Consideration, which includes the Early Tender Premium for the Maximum Tender Notes of $30.00 per $1,000 principal amount of Notes tendered. Holders who validly tender their Maximum Tender Notes after the Early Tender Deadline and at or prior to the Maximum Tender Expiration Date will be eligible to receive only the applicable Tender Consideration, as set forth in the table above.
In each case, such Holders will also be entitled to receive accrued and unpaid interest, if any, from the last interest payment date for the applicable Series of Notes up to, but not including, the applicable Settlement Date (as defined below), if and when the applicable Notes are accepted for purchase. For the avoidance of doubt, Any and All Notes validly tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase will only be entitled to receive accrued and unpaid interest, if any, from the last interest payment date up to, but not including, the Any and All Settlement Date. The Offers are open to all Holders of the Notes.
Tendered Notes may be withdrawn at or prior to 5:00 p.m., New York City time, on (i) June 6, 2022, with respect to the Any and All Notes, or (ii) June 13, 2022, with respect to the Maximum Tender Notes, by following the procedures described in the Offer to Purchase, but may not thereafter be validly withdrawn, except as provided for in the Offer to Purchase or required by applicable law.
Subject to the Aggregate Maximum Principal Amount, all Maximum Tender Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a higher Acceptance Priority Level (as defined in the Offer to Purchase) will be accepted before any Maximum Tender Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Maximum Tender Expiration Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Maximum Tender Expiration Date having a lower Acceptance Priority Level are accepted. In addition or provided that, and subject to the Aggregate Maximum Principal Amount, Maximum Tender Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will be accepted for purchase in priority to other Maximum Tender Notes validly tendered and not validly withdrawn after the Early Tender Deadline, even if such Maximum Tender Notes validly tendered and not validly withdrawn after the Early Tender Deadline have a higher Acceptance Priority Level. If the aggregate principal amount of Maximum Tender Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline equals or exceeds the Aggregate Maximum Principal Amount, Holders of the Maximum Tender Notes who validly tender and do not validly withdraw Maximum Tender Notes after the Early Tender Deadline and at or prior to the Maximum Tender Expiration Date will not have any such Maximum Tender Notes accepted for payment regardless of the Acceptance Priority Level, unless the Partnership increases the Aggregate Maximum Principal Amount. There can be no assurance that any or all tendered Maximum Tender Notes of a given Acceptance Priority Level will be accepted for purchase.
If purchasing all the validly tendered and not validly withdrawn Maximum Tender Notes of a given Acceptance Priority Level on the applicable Settlement Date would cause the Aggregate Maximum Principal Amount to be exceeded on such Settlement Date, the Partnership will accept such Maximum Tender Notes on a pro rata basis, to the extent any Maximum Tender Notes of such Acceptance Priority Level are accepted for purchase, so as to not exceed the Aggregate Maximum Principal Amount (with adjustments to avoid the purchase of Maximum Tender Notes in a principal amount other than in the applicable minimum denomination requirements contained in the applicable indentures governing the Maximum Tender Notes and integral multiples of $1,000 in excess thereof). As such, there can be no assurance that any or all tendered Maximum Tender Notes of a given Acceptance Priority Level will be accepted for purchase, even if validly tendered and not validly withdrawn prior to the Early Tender Deadline.
The Partnership reserves the right, but is under no obligation, to increase or eliminate the Aggregate Maximum Principal Amount at any time without extending the applicable Maximum Tender Withdrawal Deadline (as defined in the Offer to Purchase), subject to applicable law. As such, there can be no assurance that any or all tendered Maximum Tender Notes of a given Acceptance Priority Level will be accepted for purchase, even if validly tendered and not validly withdrawn prior to the Early Tender Deadline.
The Partnership reserves the right, but is under no obligation, at any time after the Early Tender Deadline and before the Maximum Tender Expiration Date, to accept Maximum Tender Notes that have been validly tendered and not validly withdrawn for purchase on a date determined at the Partnership’s option (such date, if any, the Maximum Tender Early Settlement Date). The Partnership currently expects the Maximum Tender Early Settlement Date, if any, to occur on June 14, 2022. If the Partnership chooses to exercise its option to have a Maximum Tender Early Settlement Date, the Partnership will purchase any remaining Maximum Tender Notes that have been validly tendered and not validly withdrawn after the Maximum Tender Early Tender Deadline and at or prior to the Maximum Tender Expiration Date, subject to the Aggregate Maximum Principal Amount, the application of the Acceptance Priority Levels, and all conditions to the Maximum Tender Offers having been satisfied or waived by the Partnership, on the final settlement date (the Maximum Tender Final Settlement Date, and each of the Any and All Settlement Date, the Guaranteed Delivery Settlement Date, the Maximum Tender Early Settlement Date and the Maximum Tender Final Settlement Date, a Settlement Date). The Maximum Tender Final Settlement Date, if any, is expected to be June 29, 2022, unless extended by the Partnership. If the Partnership chooses not to exercise its option to have a Maximum Tender Early Settlement Date, it will purchase all Maximum Tender Notes that have been validly tendered and not validly withdrawn at or prior to the Maximum Tender Expiration Date, subject to the Aggregate Maximum Principal Amount, the application of the Acceptance Priority Levels, and all conditions to the Maximum Tender Offers having been satisfied or waived by the Partnership, on the Maximum Tender Final Settlement Date. No tenders of Maximum Tender Notes submitted after the Maximum Tender Expiration Date will be valid.
The Partnership reserves the right to terminate or withdraw the Offers in whole or terminate or withdraw the Offers with respect to any Series of Notes, subject to applicable law.
BofA Securities, Inc. is acting as Dealer Manager and D.F. King & Co., Inc. is acting as the Tender Agent and Information Agent for the Offers. Requests for documents may be directed to D.F. King & Co., Inc. at (877) 783-5524, by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or on its website at www.dfking.com/eqm. Questions regarding the Offers may be directed to BofA Securities, Inc. collect at (980) 388-3646 or toll-free at (888) 292-0070.
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities, including in connection with the Financing Condition and the Offers. The Offers to purchase the Notes are only being made pursuant to the terms of the Offer to Purchase. The Offers are not being made in any state or jurisdiction in which such Offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of the Partnership, the Dealer Manager, or the Tender Agent and Information Agent is making any recommendation as to whether or not Holders should tender their Notes in connection with the Offers.
Cautionary Statement Regarding Forward-Looking Information
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of ETRN, as well as assumptions made by, and information currently available to, such management. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” “target,” “outlook,” or “continue,” and similar expressions are used to identify forward-looking statements. These statements are subject to various risks and uncertainties, many of which are outside of ETRN’s control. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements relating to the offering and the tender offers, including the expected timing thereof and the anticipated use of proceeds therefrom, as applicable. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN and the Partnership have based these forward-looking statements on current expectations and assumptions about future events. While ETRN and the Partnership consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, judicial and other risks and uncertainties, many of which are difficult to predict and are beyond ETRN’s and the Partnership’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s and the Partnership’s business and forward-looking statements include, but are not limited to, those set forth in ETRN’s publicly filed reports with the Securities and Exchange Commission (the SEC), including those set forth under Item 1A, “Risk Factors” of ETRN’s Annual Report on Form 10-K for the year ended December 31, 2021 and ETRN’s subsequent filings.
Any forward-looking statement speaks only as of the date on which such statement is made, and ETRN does not intend to correct or update any forward-looking statement, unless required by securities laws, whether as a result of new information, future events or otherwise. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media inquiries:
Natalie A. Cox — Communications and Corporate Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.