Month: August 2021

Allegro MicroSystems Finalizes Sale of Thailand Manufacturing Facility

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Transaction Signifies Major Milestone in Strategy to Streamline Back-End Operations Manchester, NH, Aug. 03, 2021 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced that it has finalized the sale of its manufacturing facility in Thailand (“AMTC”) to Innolight Technology (Thailand) Co., Ltd. The AMTC purchase price was approximately $27 million USD before fees and expenses. This sale is an important milestone in the execution of Allegro’s manufacturing transformation to streamline back-end operations and enhance gross margin. Allegro previously announced its facility consolidation plans as part of a multi-year strategic transformation to optimize the company’s manufacturing footprint and reduce fixed costs. In 2020, the company shared that it...

National Research Corporation Announces Second Quarter 2021 Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

LINCOLN, Neb., Aug. 03, 2021 (GLOBE NEWSWIRE) — National Research Corporation (NASDAQ:NRC) today announced results for the second quarter of 2021. Financial Results (Q2 2021 compared to Q2 2020):Total Recurring Contract Value growth of 5% to $149.8 million Revenue increased 17% to $36.4 million Operating Income increased 32% to $12.2 millionWe saw significant improvement in revenue growth in the second quarter which is in line with our continued focus on increasing our revenue growth rate and enabling human understanding for the clients we serve. Our primary emphasis is on organic growth levers of increasing revenue from our core offerings within our existing client base, as well as adding new clients to increase market share. As a result, revenue from our Voice of the Customer offerings increased by 29% in the second quarter...

Ashland Global Holdings Inc. announces pricing of senior notes offering by Ashland LLC

Written by Customer Service on August 3, 2021. Posted in Public Companies.

WILMINGTON, Del., Aug. 03, 2021 (GLOBE NEWSWIRE) — Ashland Global Holdings Inc. (NYSE: ASH) today announced the pricing of an offering by its indirect, wholly owned subsidiary, Ashland LLC, of $450 million aggregate principal amount of 3.375 percent senior notes due 2031 (the “Notes”). The Notes will be senior unsecured obligations of Ashland LLC. The offering is expected to close on August 18, 2021 subject to customary closing conditions. The Notes will initially be guaranteed on an unsecured basis by Ashland Global Holdings Inc. (the “Guarantee”). Ashland intends to use the net proceeds of the offering, after deducting initial purchasers’ discounts and other fees and expenses, to redeem its obligations under its outstanding 4.750 percent senior notes due 2022, and to pay any premiums, penalties, fees and expenses associated...

Iconix Announces Conditional Notice of Redemption Concerning its Outstanding 5.75% Convertible Notes

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — Iconix Brand Group, Inc. (Nasdaq: ICON) (“Iconix” or the “Company”) today announced it has caused to be delivered a notice of full conditional redemption (the “Notice”) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the “Notes”). The Notice calls for the redemption of the $125 million initial aggregate principal amount of the Notes on August 4, 2021, and is conditioned on the consummation of the Company’s previously announced merger (the “Merger”) with Iconix Merger Sub Inc. pursuant to that certain Agreement and Plan of Merger, dated June 11, 2021, among the Company, Iconix Acquisition LLC and Iconix Merger Sub Inc. The Notice supersedes and replaces the Company’s previously announced notice of conditional redemption delivered on July 16, 2021. The redemption...

SmileDirectClub Statement on Manufacturing Facility Incident

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NASHVILLE, Tenn., Aug. 03, 2021 (GLOBE NEWSWIRE) — Following a shooting incident this morning at SmileDirectClub’s Antioch, Tenn. manufacturing facility in which an active Team Member entered the facility, shot two security guards and another Team Member, and was later apprehended by Metro Nashville Police, SmileDirectClub makes the following statement: “SmileDirectClub is shocked and deeply saddened by the tragic incident that took place at our manufacturing facility this morning. We are grateful for the swift actions taken by our Team Members, security personnel and Metro Nashville Police in responding to, and quickly containing, the situation. We would also like to thank our corporate partners, the local community and local legislators for their outpouring of support. As we continue to gather facts and assist police with their...

Apollo Funds to Acquire U.S.-Based Telecom Platform from Lumen Technologies

Written by Customer Service on August 3, 2021. Posted in Mergers And Acquisitions.

Transaction to accelerate fiber build to millions of American homes and businesses NewCo platform to be led by former Verizon Fios Executive Team NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Lumen Technologies, Inc. (NYSE: LUMN) (“Lumen”), today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive agreement to acquire Lumen’s ILEC assets and all associated operations across 20 states (“NewCo”) for $7.5 billion. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022. Today, the NewCo platform serves more than 6 million homes and businesses across the Midwest and Southeast regions of the United States. As a standalone...

Innospec Reports Second Quarter 2021 Financial Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Performance Chemicals had record quarterly sales with operating income up 47 percent Strong sequential sales and operating income improvement in Fuel Specialties and Oilfield Services GAAP EPS 90 cents and adjusted non-GAAP EPS of $1.30; both benefited by 16 cents from AvGas order phasing Healthy liquidity position and balance sheet flexibility maintained ENGLEWOOD, Colo., Aug. 03, 2021 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the second quarter ended June 30, 2021. Total revenues for the second quarter were $354.5 million, an increase of 45 percent from $244.9 million in the corresponding period last year. Net income for the quarter was $22.4 million or 90 cents per share compared to a loss of $39.7 million or $1.62 per share, recorded a year ago. EBITDA for the quarter was $50.6...

Stantec signs letter of intent to acquire US-based Paleo Solutions, deepening archaeology and paleontology expertise

Written by Customer Service on August 3, 2021. Posted in Public Companies.

EDMONTON, Alberta and NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — TSX, NYSE: STN Global engineering and design firm Stantec has signed a letter of intent (set to close in Q4) to acquire Paleo Solutions, a full-service natural resources and cultural resources management consulting firm. Paleo Solutions provides paleontological and archaeological services for the rail, transportation, water, and power and energy sectors across the western United States. The financial terms of the transaction were not disclosed. Founded in 2004, Paleo Solutions’ 65+ person team includes paleontologists, geologists, archaeologists, architectural historians, program managers, and GIS specialists. The acquisition of Paleo Solutions, which has established a strong presence in supporting renewable energy, electrical generation, and transmission projects,...

TCG BDC, Inc. Announces Second Quarter 2021 Financial Results and Declares Third Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.06 per Common Share

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — TCG BDC, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “TCG BDC” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2021. Linda Pace, TCG BDC’s Chief Executive Officer said, “Our second quarter results again demonstrate the continued strong performance of our portfolio through the COVID cycle. In today’s robust transaction environment there are ample attractive investments, while fundamental credit performance in the existing portfolio is strong We are pleased with both our income generation and credit positioning, and confident in our ability to deliver against our objective of sustainable income generation.” Selected Financial Highlights(dollar amounts in thousands, except per share data) June...

Qualis Innovations Inc. Announces the Appointment of Skip Thurman as Sr. Vice President, Corporate and IR Communications of mPathix Health Inc.

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Chadds Ford, PA, Aug. 03, 2021 (GLOBE NEWSWIRE) — mPathix Health Inc., a wholly owned subsidiary of Qualis Innovations Inc., (OTC: QLIS), a pain solutions company focused on developing and commercializing differentiated products that address the unmet needs of patients and clinicians, announced today that James “Skip” Thurman joined mPathix as Sr. Vice President Corporate and IR Communications. “Skip is a veteran communicator with a background in journalism as well as leadership roles for Fortune 200 companies,” said Demir Bingol, Chief Executive Officer of mPathix Health Inc. “His wealth of experience in the healthcare space is a true asset for mPathix as we enter into a period of growth and expansion.” About Skip Thurman Skip Thurman leads senior communications roles for Fortune 200 companies and most recently served as Vice...

Month: August 2021

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