Progressive Prices $1.5 Billion of Senior Notes

Written by Customer Service on March 2, 2022. Posted in Public Companies.

MAYFIELD VILLAGE, OHIO, March 02, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE: PGR) today announced the pricing of $500 million aggregate principal amount of its 2.50% Senior Notes due 2027 (the “2027 notes”), $500 million aggregate principal amount of its 3.00% Senior Notes due 2032 (the “2032 notes”), and $500 million aggregate principal amount of its 3.70% Senior Notes due 2052 (the “2052 notes”) in an underwritten public offering. The 2027 notes were priced at 99.962% of par, the 2032 notes were priced at 99.759% of par, and the 2052 notes were priced at 99.747% of par. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Siebert Williams Shank & Co., LLC are acting as joint bookrunners for the offering. The offering is being made pursuant to an effective registration...

Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.1359 Per Share

Written by Customer Service on March 2, 2022. Posted in Public Companies.

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1359 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on March 25, 2022 to stockholders of record at the close of business on March 14, 2022 (ex-dividend on March 11, 2022). The price of shares issued for reinvestment will be determined on March 18, 2022. The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater of 1.50% of the...

Kinross to suspend Russian operations

Written by Customer Service on March 2, 2022. Posted in Public Companies.

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” and the “Company”) is deeply concerned about the loss of life and destruction in Ukraine and wishes to express its sympathy and support for the people who are suffering because of this tragic situation. The Company today is announcing a donation of $1,000,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal to assist those people most in need. Kinross is hopeful for a peaceful and diplomatic solution in Ukraine. The Company is suspending all activities at its Udinsk development project. The Company is also in the process of suspending operations at its Kupol mine, with the focus on the safety and well-being of its more than 2,000 employees and in recognition of its obligations to manage and mitigate the mine’s environmental...

Tree Island Steel Announces Full Year 2021 Results and Quarterly and Special Dividend

Written by Customer Service on March 2, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, March 02, 2022 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the year ended December 31, 2021. For the three‐month period ended December 31, 2021, revenues increased by $21.8 million to $76.0 million from higher demand particularly in commercial construction, along with pricing increases across all market segments. Gross profit for the fourth quarter increased to $17.3 million, from $6.6 million in the same period in 2020, from increased sales volumes in the period and cost management. Adjusted EBITDA amounted to $12.6 million, compared to $4.5 million during the same period in 2020. For the year ended December 31, 2021, revenues increased by $86.0 million to $301.8 million when compared to 2020. The...

Gaming and Leisure Properties, Inc. Enters into Triple Net Master Lease with Affiliates of The Cordish Companies for the Pennsylvania Live! Properties

Written by Customer Service on March 2, 2022. Posted in Mergers And Acquisitions.

WYOMISSING, Pa., March 02, 2022 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), announced today that it completed the acquisition of the land and real estate assets of Live! Casino & Hotel Philadelphia (“Live! Philadelphia”) and Live! Casino Pittsburgh (“Live! Pittsburgh”) from The Cordish Companies (“Cordish”) for total consideration of approximately $674 million. The Company funded the transaction by assuming approximately $423 million in debt (which the Company has repaid), and issuing approximately $137 million of operating partnership units (3.0 million total units), with the balance paid from cash on hand, which was in part generated by its December issuance of senior unsecured notes and common stock. Simultaneous with the closing of the transaction, Gaming and Leisure Properties...

Constellation Software’s Harris Operating Group Acquires Allscripts Hospitals and Large Physician Practices Business Segment

Written by Customer Service on March 2, 2022. Posted in Mergers And Acquisitions.

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) — Constellation Software Inc. (“Constellation”) (TSX:CSU) announced today that it has, through its wholly-owned subsidiary, N. Harris Computer Corporation (“Harris”), completed an agreement with Allscripts Healthcare Solutions (“Allscripts”) (NASDAQ:MDRX) to acquire the net assets of Allscripts’ Hospitals and Large Physician Practices business segment.  The Hospitals and Large Physician Practices business segment includes the Sunrise™, Paragon®, Allscripts TouchWorks®, Allscripts® Opal and dbMotion™ solutions.  The assets of Allscripts Veradigm business segment are not included in this transaction and will continue to be owned by Allscripts going forward.     “We have been watching and admiring the hospitals and large physician practices franchise for many years,” said Harris CEO Jeff Bender. “We...

Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Year 2021 and Provides Long-term Outlook

Written by Customer Service on March 2, 2022. Posted in Public Companies.

Finished fiscal 2021 with strong momentum, including fourth quarter same-store sales of +33.8% Provides positive directional outlook for fiscal 2022, including double digit SSS growth Announces 2024 growth targets and long-term unit potential of 2,000 units CHICAGO, March 02, 2022 (GLOBE NEWSWIRE) — Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today reported financial results for the fourth fiscal quarter and full year ended December 26, 2021. The Company also provided its directional outlook for fiscal 2022 and several long-term growth targets. As Potbelly prepares to embark on its next phase of growth, the Company has announced its three-year strategic targets as well as its long-term unit potential, with the aim of unlocking the unique brand’s full potential. 3-Year...

Athabasca Oil Announces 2021 Year-end Results, Annual Reserves and Strategic Update

Written by Customer Service on March 2, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, March 02, 2022 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2021 year-end results and annual reserves, along with a strategic update and corporate outlook. Athabasca is uniquely positioned as a low leveraged company generating significant free cash flow through its low-decline, oil weighted asset base. Q4 and Year-end 2021 Corporate Highlights Production: 35,147 boe/d (91% Liquids) in Q4 and 34,618 boe/d (90% Liquids) in 2021. Exceeded original annual guidance of 31-33,000 boe/d and higher than 2020 production of 32,483 boe/d. Capital Expenditures: $92 million, with largest spend of $82 million in Thermal Oil, including five new well pairs at Leismer that are now in operation and will ramp-up to an expected 5,400 bbl/d in 2022. Earnings: Net Income...

Base Carbon Announces Final Listing Approval, Closing of Strategic Investment and Carbon Project Agreement

Written by Customer Service on March 2, 2022. Posted in Mergers And Acquisitions.

TORONTO, March 02, 2022 (GLOBE NEWSWIRE) — Base Carbon Inc. (including its subsidiaries, “Base Carbon” or the “Company”) is pleased to announce the achievement of a number of key objectives including final approval to commence trading on the Neo Exchange Inc. (“NEO Exchange”), completion of phase 2 of the staged acquisition of Hardwick Climate Business Limited (“HCBL”) and the execution of a carbon reduction project agreement. “These three key milestones represent an important part of the evolution of Base Carbon. We look forward to progressing our carbon focused business plan as a public company.” said Michael Costa, CEO. NEO Exchange Listing Base Carbon has received final approval to list on the NEO Exchange and will begin trading on March 3, 2022, under the symbol “BCBN”. The Company filed...

Acer Therapeutics Reports Q4 and Full Year 2021 Financial Results and Provides Corporate Update

Written by Customer Service on March 2, 2022. Posted in Earnings Releases And Operating Results.

NEWTON, Mass., March 02, 2022 (GLOBE NEWSWIRE) — Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious, rare and life-threatening diseases with significant unmet medical needs, today reported financial results for the fourth quarter and full year ended December 31, 2021 and provided an update on the Company’s recent corporate developments. “We made significant progress this year in advancing our pipeline programs, including filing of our New Drug Application and key patent issuances for ACER-001, and receipt of two Investigational New Drug application clearances for our ACER-801 proof-of-concept clinical trial and our EDSIVO pivotal clinical trial,” said Chris Schelling, CEO and Founder of Acer. “We also recently welcomed Dr. Adrian...

Day: March 2, 2022

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