Mercer International Inc. Announces Upsizing and Pricing of Private Offering of Senior Notes and the Conditional Full Redemption of Its Outstanding 7.375% Senior Notes Due 2025

Written by Customer Service on January 14, 2021. Posted in Public Companies.

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) (the “Company”) today announced the upsizing and pricing of its private offering of $875 million in aggregate principal amount of 5.125% senior notes due February 1, 2029 (the “2029 Notes”). The size of the offering was increased from the previously announced offering of $500 million aggregate principal amount of 2029 Notes to $875 million aggregate principal amount of 2029 Notes.The 2029 Notes are being issued at a price of 100% of their principal amount. The net proceeds of the offering will be used by the Company to refinance all $250 million in aggregate principal amount of its 6.500% Senior Notes due 2024 (the “2024 Notes”) pursuant to its previously announced tender offer for, or any subsequent redemption...

CMC Materials to Release Financial Results for First Quarter of Fiscal 2021 After Market Close on February 3, 2021

Written by Customer Service on January 14, 2021. Posted in Public Companies.

Aurora, IL, Jan. 14, 2021 (GLOBE NEWSWIRE) — CMC Materials (Nasdaq: CCMP), a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies, announced the timing of its earnings release and conference call information for the first quarter of fiscal year 2021, which ended December 31, 2020.The earnings release, slide presentation and corresponding prepared remarks will be available in the Investor Relations section of the company’s website, cmcmaterials.com, after market close on Wednesday, February 3, 2021.Conference call: Thursday, February 4, at 10:00 a.m. Eastern TimeDial-in information: United States: (833) 714-0937 International: (778) 560-2685 Conference code: 4539453During the live call, the management team will...

Inventus Closes Property Acquisitions

Written by Customer Service on January 14, 2021. Posted in Public Companies.

TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce that it has closed the acquisition of the Wolf Lake, Cobalt Hill and Rathbun properties. In connection with the transaction, Inventus has issued 5 million common shares to Cooksville Steel Limited (“Cooksville”) and has appointed Robert Miszczuk, President of Cooksville, as a director of the Company. Robert Scott Heatherington has resigned as a director to allow for Mr. Miszczuk’s appointment. We are very thankful to Mr. Heatherington for his leadership and support while acting as a director since 2015.Sudbury 2.0 Drilling ProgramThe 3,000 m winter drill program at Wolf Lake and Cobalt Hill resumed on January 6th after breaking for the holidays.Warrants ExercisedInventus...

Melcor REIT announces a 17% increase to Q1-2021 distributions

Written by Customer Service on January 14, 2021. Posted in Public Companies.

EDMONTON, Alberta, Jan. 14, 2021 (GLOBE NEWSWIRE) —Melcor Real Estate Investment Trust (TSX: MR.UN) announces that the REIT’s Board of Trustees met to confirm Q1-2021 distributions and several other matters.Ralph Young, Chair of the Board commented: “I am pleased to report to unitholders, on behalf of the Board, that business conditions, financial results and our outlook for 2021 have precipitated a 17% increase to our distributions for the first quarter of 2021. In addition, we have reviewed and considered other measures that were undertaken in order to preserve cash at the beginning of the COVID pandemic.The Board approved Q1 distributions of $0.035 per unit for each of the first three months of 2021. This represents a 17% increase over distributions for the previous three quarters. Distribution decisions will be made quarterly...

Fluent, Inc. Announces Preliminary Financial Metrics for 2020

Written by Customer Service on January 14, 2021. Posted in Public Companies.

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today announced preliminary financial metrics for its full year and fourth quarter 2020. These preliminary metrics, which are subject to final reporting and audit procedures, are reflected below:Full-Year and Fourth Quarter 2020Full-year 2020 revenue is anticipated to be $309.7 – $310.7 million, representing growth of 10.1% compared to full-year 2019. This reflects anticipated fourth quarter revenue of $81.0 – $82.0 million.Media Margin is anticipated to be in the range of $109.4 – $110.4 million, representing growth of 17.4% compared to full-year 2019. This reflects anticipated fourth quarter Media Margin of $31.0 – $32.0 million.Adjusted EBITDA is anticipated to be in the range of...

Nasdaq Halts Generations Bancorp NY, Inc.

Written by Customer Service on January 14, 2021. Posted in Public Companies.

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) — The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading was halted today in Generations Bancorp NY, Inc. (Nasdaq: GBNY) at 17:10:16 Eastern Time on January 14, 2021, for “additional information requested” from the company at a last sale price of $10.01.Trading will remain halted until Generations Bancorp NY, Inc. has fully satisfied Nasdaq’s request for additional information.For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotesSM on the Nasdaq® Web site.For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.NDAQONasdaq Media Contact:Bianca FataBianca.Fata@nasdaq.com

Eldorado Provides 2021 Guidance and Five-Year Outlook; Announces Management Appointments

Written by Customer Service on January 14, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) — Eldorado Gold Corporation, (“Eldorado” or the “Company”) today provided detailed 2021 production and cost guidance and an updated five-year production outlook.HighlightsKisladag high-pressure grinding roll (HPGR) commissioning in the third quarter of 2021 and pre-stripping investments position the mine for sustained free cash flow over a 15-year mine life.Increased five-year production profile at Lamaque driven by increasing mining rates and efficiencies from completion of Triangle decline in 2021.Column flotation at Efemcukuru improves concentrate grade and enhances low costs and operational consistency to drive sustained cash flow.Throughput expansion and efficiency improvements at Olympias lead to new growth phase over the five-year plan.Strong liquidity to drive further...

BW Offshore: Incident on FPSO Espoir Ivoirien

Written by Customer Service on January 14, 2021. Posted in Public Companies.

Incident on FPSO Espoir Ivoirien At 13:30 local time today, an incident occurred whilst work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien operating on the Espoir field offshore the Ivory Coast.Two fatalities have been confirmed as a consequence of the incident, which was caused by a leakage of hydrocarbons into the tank where the work was being performed. Next of kin have been informed. Production has been shut down and the leak has been contained within the cargo tank, with all personnel accounted for.The FPSO is operated by BW Offshore for CNR International. Both companies are cooperating with local authorities in addressing the situation.“This is a tragic day for the families of the men we have lost, and our hearts go out to them”, said Marco Beenen, the CEO of BW Offshore.Contact details:Marco Beenen,...

American Assets Trust, Inc. Announces Pricing of $500 Million of 3.375% Senior Unsecured Notes Due 2031

Written by Customer Service on January 14, 2021. Posted in Public Companies.

SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “company”) today announced that its operating partnership, American Assets Trust, L.P. (the “operating partnership”), has priced a public offering of $500 million aggregate principal amount of 3.375% senior notes due 2031 (the “Notes”). The Notes were priced at 98.935% of the principal amount and will mature on February 1, 2031. The offering is expected to settle on January 26, 2021, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed by the company.The operating partnership intends to use the net proceeds from this offering as follows: approximately $175 million for the development of La Jolla Commons III, approximately $155 million to repay its Series A Senior Guaranteed Notes,...

Prospect Capital Corporation Announces Pricing of $325 Million of 3.706% Notes due 2026

Written by Customer Service on January 14, 2021. Posted in Public Companies.

NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $325 million in aggregate principal amount of 3.706% notes due 2026 (the “Notes”). The Notes will mature on January 22, 2026 and may be redeemed in whole or in part at any time or from time to time at our option at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 3.706% per year payable semi-annually in arrears on January 22 and July 22 of each year, commencing on July 22, 2021. The Notes will be general senior unsecured obligations of Prospect, will rank equally in right of payment with Prospect’s existing and future senior unsecured debt, and will rank senior in right of payment to any potential subordinated debt, should any be issued in...

Day: January 14, 2021

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