Day: January 29, 2024

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.5 billion underwritten public offering of senior unsecured notes. The notes include: $500 million of 4.600% senior notes due 2029 $850 million of 4.900% senior notes due 2034 $1.15 billion of 5.200% senior notes due 2054 Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment (including its 2.93% senior notes due 2025), share repurchases and working capital. The offering is expected to close on January 31, 2024, subject to the satisfaction of customary closing conditions. When available, copies of the prospectus supplement and the accompanying base prospectus related to the offering may be obtained by...

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of Northrop Grumman’s common stock. The company continues to target returning well over 100% of its free cash flow to shareholders through dividends and share repurchases in 2024. Under the ASR agreement, Northrop Grumman expects to receive an initial delivery of approximately 1.8 million shares on Jan. 31, representing approximately 80 percent of the expected share repurchases under the ASR agreement, based on the company’s closing price of $438.31 on January 29, 2024. The final number of shares to be repurchased through the ASR will be based on Northrop Grumman’s volume-weighted average price...

TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) (OTCQB:CEGMF) announces that its audited Consolidated Financial Statements for the years ended September 30, 2023 and 2022 and related Management’s Discussion and Analysis, together with the required certifications, have been filed on SEDAR under the Company’s profile. The Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is a minerals exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG....

RANCHO CORDOVA, Calif., Jan. 29, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (the “Company” or “Five Star”), the holding company for Five Star Bank, today reported net income of $10.8 million for the three months ended December 31, 2023, as compared to $11.0 million for the three months ended September 30, 2023 and $13.3 million for the three months ended December 31, 2022. Net income for the year ended December 31, 2023 was $47.7 million, as compared to $44.8 million for the year ended December 31, 2022. Financial Highlights Performance highlights and other developments for the Company for the periods noted below included the following:  Three months ended(in thousands, except per share and share data) December 31,2023   September 30,2023   December 31,2022Return on average assets (“ROAA”)   1.26 %     1.30 %     1.70 %Return...

SAULT STE. MARIE, Ontario, Jan. 29, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 third quarter financial results after the market closes on Tuesday, February 6, 2024. A webcast and conference call will be held on Wednesday, February 7, 2024 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent events, and conduct a question-and-answer session. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at ir.algoma.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally by dialing 877-425-9470...