Month: July 2020

OMAHA, Neb., July 29, 2020 (GLOBE NEWSWIRE) — Green Plains Inc. (NASDAQ:GPRE) today announced it has received final credit approval for a $75 million, 15 year term loan facility that will support the execution of its protein strategy. The new loan, which is subject to final documentation, is expected to close by the end of the third quarter at which time additional details of the facility will be provided. The company today also announced it has chosen Green Plains Wood River LLC as the second location for the installation of high protein production using Fluid Quip Technologies’ patented Maximized Stillage Co-Products (MSCTM) system. Based on current schedules, high protein ingredient production at Wood River is expected to begin during the second quarter of 2021.“This financing represents the next step in our transformation to...

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it has entered into an amending agreement with its existing syndicate of lenders under its credit facility that provides covenant relief through December 31, 2021. Steve Orr, Chief Executive Officer of Shawcor commented “The confidence and support of the Company’s lender partners made this amendment possible. With the amendment finalized, a very important element is in place that will assist Shawcor in managing through near term uncertainty, executing on its strategy through 2021 and beyond, and remaining an industry leader”.As previously announced on June 25, 2020, all lenders in Shawcor’s banking syndicate had waived compliance with the leverage and interest coverage ratios under the credit facility for Shawcor’s second fiscal quarter ending...

SAN DIEGO, July 29, 2020 (GLOBE NEWSWIRE) — Bionano Genomics, Inc. (Nasdaq: BNGO) announced today that a study published in the journal Nature (Jebb, D., Huang, Z., Pippel, M. et al. Six reference-quality genomes reveal evolution of bat adaptations. Nature 583, 578–584 (2020)) used Bionano’s genome imaging technology to build reference-quality genomes of six bat species. The genomes provide evidence that bats can tolerate and survive viral infections much better than other mammals, a trait that is highly relevant in the context of the COVID-19 pandemic.The study was performed as part of the Bat1K global genome consortium in coordination with the Vertebrate Genome Project (VGP).  Bionano’s Saphyr genome imaging system played a key role in constructing the genome assemblies that were studied to understand how bats can carry deadly...

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reported its operating and consolidated financial results for the three months ended June 30, 2020.The second quarter was defined by unprecedented moves in commodity prices due to the COVID-19 pandemic and resulting oil demand destruction. Athabasca responded swiftly to mitigate the impact of these unexpected events. The Company entered 2020 with a strong liquidity position allowing it to withstand the economic impact on its low decline, long reserve life assets.Resiliency Measures Taken in Response to COVID-19 Reduction to Capital: 2020 budget of $85 million reflecting a $40 million reduction. Production Curtailments: Temporary curtailments; assets returning to productive capacity in Q3.Contingent Bitumen Royalty:...

Shelton, CT, July 29, 2020 (GLOBE NEWSWIRE) — Hubbell Incorporated announced today the consolidation of its Electrical segment from three business groups to a single operating group, Hubbell Electrical Solutions.  Hubbell Electrical Solutions combines Hubbell’s Commercial & Industrial group, Construction & Energy group, and Lighting group into a unified operating group which complements Hubbell’s other operating group, Hubbell Utility Solutions.David Nord, Hubbell’s Chairman and Chief Executive Officer, commented, “The combination of our three electrical operating groups into one strengthens Hubbell as a company and will provide growth opportunities and efficiencies for our customers and shareholders.”  Noted Gerben Bakker, Hubbell’s President and Chief Operating Officer, “The Electrical Solutions group unites business groups...

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2020 (all amounts are in Canadian dollars unless otherwise noted).“During the second quarter we took decisive steps to adjust our business model in the face of extremely volatile crude oil markets. We are now starting to benefit from the actions we have taken as we generated positive free cash flow during the quarter and maintained approximately $300 million of financial liquidity. We restarted approximately 80% of the previously announced shut-in volumes, which we expect will positively impact our adjusted funds flow for the remainder of the year,” commented Ed LaFehr, President and Chief Executive Officer.Q2 2020 HighlightsGenerated...

SOUDERTON, Pa., July 29, 2020 (GLOBE NEWSWIRE) — Univest Financial Corporation (“Univest”) (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced that it has priced an underwritten public offering of $100.0 million aggregate principal amount of its 5.000% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”).The Notes shall bear interest at an initial rate of 5.000% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2021. The last interest payment date for the fixed rate period will be August 15, 2025. From and including August 15, 2025 to, but excluding August 15, 2030 or the date of earlier redemption, the Notes will bear interest at a floating rate per annum equal...

CHIHUAHUA, Mexico, July 29, 2020 (GLOBE NEWSWIRE) — Grupo Cementos de Chihuahua, S.A.B. de C.V., or GCC, (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States, Mexico and Canada today announced that the General Shareholders’ Meeting held on April 30, 2020, declared a Ps. 0.94 dividend per share, which comes from the balance of the net earnings on a tax basis corresponding to the fiscal year 2013 and previous years.

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and six months ended June 30, 2020. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted.“EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the advisory regarding “Non-Standard measures” at the end of this release for a description of these items and limitations of their use.HIGHLIGHTSAs anticipated at the end of the first quarter of 2020, the impacts from the COVID-19 pandemic were far reaching on both global and local commerce during the second quarter of 2020. Due to public health measures, the movement of people and goods were severely restricted and economic activity...