Month: June 2020

Icelandair and the Icelandic Cabin Crew Association (FFI) have signed a new collective-bargaining agreement which is valid until 30 September 2025. The agreement meets the set objectives of increasing productivity and flexibility for the Company and at the same time ensures competitive compensation for cabin crew members. The agreement will now be presented to FFI members who will vote on the agreement.Contact informationInvestors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.isMedia: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

FORT WORTH, Texas, June 24, 2020 (GLOBE NEWSWIRE) — American Airlines, Inc. (NASDAQ: AAL) (the “Company”) today announced that it priced $2.5 billion aggregate principal amount of its 11.75% senior secured notes due 2025 (the “Notes”). The Notes will have an interest rate of 11.75% per annum and are being issued at a price equal to 99% of their face value. The size of the offering of the Notes was increased from the previously announced $1.5 billion. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group Inc. (the “Guarantor”). The Company also announced that it decided not to proceed with its previously announced $500 million term loan facility due to increased demand from investors in the offering of the Notes. The offering of the Notes is expected to close on June 30, 2020, subject to customary closing...

SAN FRANCISCO, June 24, 2020 (GLOBE NEWSWIRE) — 1Life Healthcare, Inc. (One Medical) (Nasdaq: ONEM) today announced the pricing of an upsized underwritten public offering of 8,300,000 shares of its common stock by certain selling stockholders at a public offering price of $31.00 per share. Such selling stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,245,000 shares of One Medical’s common stock. One Medical will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders, and the selling stockholders will bear the costs associated with the sale of such shares, including underwriting discounts and commissions. The offering is expected to close on June 29, 2020, subject to customary closing conditions.J.P. Morgan and Morgan Stanley...

TAMPA, Fla., June 24, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP” or the “Company”) (NASDAQ: BRP) today announced the pricing of its offering of 11,500,000 shares of its Class A common stock at a price to the public of $13.25 per share. The underwriters for the offering also have a 30-day option to purchase up to 1,725,000 additional shares of its Class A common stock. BRP Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol “BRP.” The offering is expected to close on June 29, 2020, subject to customary closing conditions.J.P. Morgan, BofA Securities, Wells Fargo Securities and Jefferies are acting as joint book-running managers, and Keefe, Bruyette & Woods, A Stifel Company, Raymond James, William Blair, Dowling & Partners Securities LLC and Capital One Securities are acting as co-managers...

VANCOUVER, British Columbia, June 24, 2020 (GLOBE NEWSWIRE) — Choom™ (CSE: CHOO; OTCQB: CHOOF), an elevated adult use cannabis company that has secured one of the largest national retail networks in Canada announces that it has reached an agreement with an arms-length lender (the “Lender”) to amend the terms of its non-transferable unsecured convertible debenture issued in November 2018 and maturing November 2022.  The convertible debenture bears interest at a rate of 6.5% per annum on the outstanding principal sum.Pursuant to the terms of an amended and restated convertible debenture dated June 24, 2020 (the “Amended and Restated Debenture”) Choom has agreed, among other things, to grant to the Lender a second ranking security interest over all of its present and after-acquired property.  The security interest will be governed in...

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Dream Industrial REIT (TSX: DIR.UN) (“Dream Industrial REIT”, “DIR”, or the “Trust”) announced today a business update and recent acquisition activity in its target markets.“The strength of our operating platform, financial flexibility, and relationships with our tenants have enabled us to successfully navigate through the challenging environment brought on by the COVID-19 pandemic over the past few months,” said Brian Pauls, Chief Executive Officer of Dream Industrial REIT. “We have maintained occupancy, continued leasing momentum, and rent collections have been good. Given the current optimism...

BRISBANE, Australia, June 25, 2020 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company) advises that following a review of completed and planned sales for the June quarter the total sales volume is expected to be approximately 1,600 tonnes of lithium carbonate. Product pricing is expected to be approximately US$4,015/tonne FOB1.COVID-19 restrictions have limited the ability of both Olaroz and its customers to complete sales during the quarter. While most logistical issues have now been addressed, delivery of product is yet to return to normal as customers delay shipments due to lower production and excess inventory.Following the phased restart of battery and electric vehicle (EV) production, manufacturers are taking a cautious approach to ramping up operations due to the lack of visibility regarding...

CAMBRIDGE, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Evelo Biosciences, Inc. (Nasdaq: EVLO) (“Evelo”), a clinical stage biotechnology company developing a new modality of orally delivered, systemically acting biologic therapies, today announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock, at a public offering price of $3.75 per share, before underwriting discounts and commissions. Evelo also granted the underwriters a 30-day option, solely to cover over-allotments, if any, to purchase up to an additional 1,800,000 shares of its common stock. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $45,000,000 million, excluding any exercise of the underwriters’ option to purchase...

MOSCOW and AMSTERDAM, The Netherlands, June 25, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) (“Yandex,” “we” or the “Company”), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced the pricing of its public offering of 8,121,827 newly issued Class A shares at a public offering price of $49.25 per Class A share. In addition, Yandex has granted the underwriter a 30-day option to purchase up to an additional 1,218,274 Class A shares at the public offering price per share. The public offering is expected to close on June 29, 2020, subject to the satisfaction of customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole bookrunner and underwriter for the public offering.In addition, concurrent with the public offering, Yandex intends...

SYDNEY, Australia, June 24, 2020 (GLOBE NEWSWIRE) — Leaders with HSBC, ANZ Bank, Lendlease and more than a dozen other enterprises will explore how the global pandemic is leading to fundamental shifts in both the nature of work and the workplace environment, during the virtual ISG Future Workplace Summit, hosted by Information Services Group (ISG) (Nasdaq: III), leading global technology research and advisory firm.The live, online event, beginning 9 a.m., Australian Eastern Standard Time, June 30, will examine the impact of digital technology on the workforce, along with strategies for stabilizing operations, managing and measuring employee experience, and leveraging the next generation of customer care and service desk technology. The event is complimentary for enterprise participants and is available in all geographic markets.“The...