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Day: March 20, 2024

DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities and Exchange Commission

HAMILTON, BERMUDA, March 20, 2024 – DHT Holdings, Inc. (NYSE:DHT) (the “Company”) has filed its 2023 annual report on Form 20-F with the US Securities and Exchange Commission (the “SEC”). The report and the audited financial statements are available on DHT’s website www.dhtankers.com and the below link. Shareholders may request a hard copy of the audited financial statements free of charge by sending an e-mail to info@dhtankers.com.   2023 Annual Report on Form 20-F About DHT Holdings, Inc.DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations...

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Piedmont Completes Sale of One Lincoln Park

Uses Sale Proceeds to Pay off Maturing Debt Atlanta, March 20, 2024 (GLOBE NEWSWIRE) — Piedmont Office Realty Trust, Inc. (“Piedmont”) (“Company”) (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that it has completed the sale of One Lincoln Park, located at 8401 North Central Expressway in Dallas, TX for $54 million, or $210 per square foot, in an all-cash transaction to a financial institution who plans to use the building as its headquarters. The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023.  The net proceeds from the sale were used to pay off the approximately $50 million remaining balance of the Company’s 2024 Senior Unsecured Notes that mature in March. Commenting...

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Par Pacific Announces Expected Increase in ABL Commitments to up to $1.4 billion and Replacement of Intermediation Facility

HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion. The increase is expected to be based, in part, on the addition of certain collateral assets in Hawaii, including refined product inventory and accounts receivable. Par Pacific also intends to refinance its existing working capital financing facilities for its Hawaii operations, a supply and offtake agreement and discretionary draw facility, with a combination of funds from the increased ABL facility and a smaller crude-only intermediation agreement. The financing is anticipated to reduce the Company’s working capital financing costs by approximately $10 million per year...

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Lumine Group Announces Completion of US$310M Debt Facility

TORONTO, March 20, 2024 (GLOBE NEWSWIRE) — Lumine Group Inc. (TSXV: LMN) (“Lumine Group” or the “Company”), a global acquirer of communications and media software companies, today announced that it has entered into a revolving credit facility agreement with a syndicate of Canadian and US financial institutions (the “Facility”) to provide long-term financing to support the Company’s operating needs and acquisition pipeline. The Facility amount is US$310,000,000 with a US$50,000,000 uncommitted accordion to grow the facility if required. The Facility is collateralized by substantially all the assets of certain direct and indirect subsidiaries of the Company (the “Ring-Fenced Subsidiaries”) and contains covenants based on the financial position and financial performance of the Ring-Fenced Subsidiaries. The...

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Acadian Timber Corp. Announces Sale of Voluntary Carbon Credits

EDMUNDSTON, New Brunswick, March 20, 2024 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian”) (TSX:ADN) today announced an agreement for the sale of voluntary carbon credits relating to the first reporting period of its ongoing carbon credit project. “We are pleased with the agreement to sell nearly all of our currently registered carbon credits, demonstrating the continued gravitation towards high quality carbon credit projects,” commented Adam Sheparski, President and Chief Executive Officer. “The registration process for the second and third tranches of carbon credits for this project is well under way, and we look forward to future additional sales.” The credits are expected to be delivered prior to the end of the third quarter of 2024, generating net proceeds to Acadian of approximately U.S.$14 million or C$19 million, using...

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GOGL – Filing of 2023 Annual Report on Form 20-F

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the “Company”) announces that its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company’s website, www.goldenocean.bm, or in the link below. The Annual Report is also available on the website of the Commission, www.sec.gov. Shareholders may also request a hard copy of the Annual Report, which includes the Company’s complete 2023 audited financial statements, by contacting the Investor Relations department.         Golden Ocean Group LimitedHamilton, BermudaMarch 20, 2024 Contact Person: Peder Simonsen: Chief Financial Officer, Golden Ocean Management AS +47 22 01 73 40 This information is subject to the disclosure requirements...

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Worthington Enterprises Reports Third Quarter Fiscal 2024 Results

COLUMBUS, Ohio, March 20, 2024 (GLOBE NEWSWIRE) — Worthington Enterprises, Inc. (NYSE: WOR) reported net sales of $316.8 million and net earnings from continuing operations of $22.0 million, or $0.44 per diluted share, for its fiscal 2024 third quarter ended February 29, 2024. This compares to net sales of $346.3 million and net earnings from continuing operations of $29.8 million, or $0.60 per diluted share, in the third quarter of fiscal 2023. On an adjusted basis, the Company reported net earnings from continuing operations of $40.2 million, or $0.80 per diluted share, for the current year quarter compared to adjusted net earnings from continuing operations of $39.9 million, or $0.81 per share, in the prior year quarter. As previously disclosed, the separation of the Company’s former Steel Processing business into an independent...

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Enerpac Tool Group Reports Second Quarter Fiscal 2024 Results and Affirms Full-Year Guidance

Second Quarter of Fiscal 2024 Continuing Operations Highlights*Net sales were $138 million, a 2% decline year-over-year, due to the disposition of Cortland Industrial Organic sales increased 2% year-over-year** Gross margin expanded 200 basis points year-over-year to 51.6% Operating margin was 21.3% and adjusted operating margin was 22.8% Net earnings were $18 million, or $0.33 per share, and adjusted net earnings were $20 million, or $0.36 per share Adjusted EBITDA was $34 million, an increase of 6% year-over-year Adjusted EBITDA margin was 24.8%, an expansion of 210 basis points year-over-year*This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP...

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Skyharbour’s Partner Company North Shore Uranium Completes Maiden Drill Program and Identifies Elevated Radioactivity, Fault Zones and Alteration at Falcon Project

Vancouver, BC, March 20, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”), has completed a maiden drill program at its 55,699 hectare Falcon Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan. Location Map of Falcon Project:https://skyharbourltd.com/_resources/maps/Sky-SouthFalconOption.jpg?v=0.1 During the program, three targets were drilled along a strong, dominantly northeast-trending electromagnetic (“EM”) conductor system, P03, P08 and P12 (Table 1). At P03 and P08 the targeted sub-vertical EM conductors were intersected. At P12, the hole had to be terminated prior to reaching the interpreted conductor...

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Black Hawk Acquisition Corporation Announces Pricing of $69,000,000 Upsized Initial Public Offering

DANVILLE, Calif., March 20, 2024 (GLOBE NEWSWIRE) — Black Hawk Acquisition Corporation (NASDAQ: BKHAU, the “Company”), a Cayman Islands exempted company, announced today that it priced its initial public offering of 6,900,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“NASDAQ”) and trade under the ticker symbol “BKHAU” beginning on March 21, 2024. Each unit consists of one Class A ordinary share and one-fifth (1/5) of one right to receive one share of Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on NASDAQ under the symbols “BKHA” and “BKHAR”, respectively. EF...

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