Commerce | Jotup

AirBoss Announces Amendment to Credit Facilities

Retrieved on:

Wednesday, March 27, 2024

J. P. Morgan, Growth, National Bank of Canada, Bank, Public expenditure, Toronto-Dominion Bank, Bank of Montreal, Royal Bank, Adjustment, Commerce, TSX, Royal Bank of Canada, National bank, BOS, Comerica, CAD, Pet industry

NEWMARKET, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that it has amended its senior secured revolving credit facilities.

Key Points:

NEWMARKET, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that it has amended its senior secured revolving credit facilities.
Key changes include the following:
A downsizing of the credit facility from US$250 million to US$150 million in 2024 and 2025, and US$175 million thereafter;
Commencing with dividends payable after April 2024, the Company will pay a maximum quarterly dividend of CAD$1.0 million, until the end of 2025;
A maximum of US$10 million in 2024 and US$20 million in 2025, of capital expenditures, unless approved by the lenders; and
Replacing the leverage and interest coverage ratios with minimum Adjusted EBITDA and liquidity requirements, and excluding certain charges from the calculation of Adjusted EBITDA, until the end of 2024.
“We appreciate the continued support of our syndicate of lenders,” said Chris Bitsakakis, President and Co-CEO of AirBoss.
“While these amendments require some adjustments to our dividend and capital expenditure policies, we believe they are in the best interest of our shareholders and other stakeholders as they will enable us to invest in our long-term growth and create sustainable value while prioritizing deleveraging, continuing our goal of transforming AirBoss into a global market leader in the custom rubber compounding market and the industries which we serve.”
The syndicate of lenders remains The Toronto-Dominion Bank, as sole lead arranger, National Bank of Canada, Comerica Bank, J.P. Morgan, Bank of Montreal, Canadian Imperial Bank of Commerce and Royal Bank of Canada.

Mulvihill Canadian Bank Enhanced Yield ETF Announces Year End Results

Retrieved on:

Wednesday, March 27, 2024

Scotiabank, National Bank of Canada, Acquisition, Toronto Stock Exchange, Toronto-Dominion Bank, Bank of Montreal, Commerce, TSX, CBNK, Royal Bank of Canada, National bank, Fund, Financial services

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- (TSX: CBNK) Mulvihill Canadian Bank Enhanced Yield ETF (the “Fund”) announces results of operations for the year ended December 31, 2023.

Key Points:

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- (TSX: CBNK) Mulvihill Canadian Bank Enhanced Yield ETF (the “Fund”) announces results of operations for the year ended December 31, 2023.
As at December 31, 2023, net assets attributable to holders of units were $75.71 million or $7.24 per unit.
The Fund is a mutual fund investment trust that seeks to provide unitholders with long-term capital appreciation through exposure to a portfolio consisting principally of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the “Banks”) and monthly cash distributions.
The Fund seeks to achieve a 7.0 percent yield, with additional capital growth potential beyond such yield target.

AAFMAA Joins DoD-Led Military Spouse Employment Partnership

Retrieved on:

Wednesday, March 27, 2024

Department of Defence, Employment, Unemployment, Partnership, Commerce, Spouse, AAFMAA, State

FT. MYER, Va., March 27, 2024 (GLOBE NEWSWIRE) -- The American Armed Forces Mutual Aid Association (AAFMAA), the nation’s longest-standing nonprofit financial solutions provider for the military community, today announces a partnership with the Military Spouse Employment Partnership (MSEP), a Department of Defense (DoD) led initiative that connects military spouses with hundreds of partner employers who have committed to recruit, hire, promote and retain military spouses.

Key Points:

FT. MYER, Va., March 27, 2024 (GLOBE NEWSWIRE) -- The American Armed Forces Mutual Aid Association (AAFMAA), the nation’s longest-standing nonprofit financial solutions provider for the military community, today announces a partnership with the Military Spouse Employment Partnership (MSEP), a Department of Defense (DoD) led initiative that connects military spouses with hundreds of partner employers who have committed to recruit, hire, promote and retain military spouses.
“We are thrilled to join MSEP and are committed to increasing employment opportunities for military spouses who have long struggled to maintain steady employment due to the challenges associated with military life.”
AAFMAA joins over 700 MSEP partners, who have contributed to hiring over 275,000 military spouses.
As the DoD website explains, “MSEP, a targeted recruitment and employment solution, creates employment connections that provide companies with direct access to military spouses seeking career opportunities and spouses with direct access to employers who are actively recruiting.” AAFMAA is proud to be leading the effort to enhance spouse employment.
AAFMAA is committed to providing military spouses with employment opportunities, in addition to a supportive and flexible work environment.

American Lithium Strengthens Team and Launches Major ESG Initiative in Peru

Retrieved on:

Tuesday, March 26, 2024

He was previously an executive director of the Australia-Peru Chamber of Commerce (2015-2019) and General Counsel for Pan American Silver Peru (2006-2013).

Key Points:

He was previously an executive director of the Australia-Peru Chamber of Commerce (2015-2019) and General Counsel for Pan American Silver Peru (2006-2013).
Additionally, the Company has commenced a major technical / social initiative on the Macusani Plateau.
“We are delighted to welcome Augusto to the American Lithium team,” stated Simon Clarke, American Lithium CEO.
American Lithium was subsequently notified that INGEMMET and MINEM have filed petitions to the Supreme Court of Peru to assume jurisdiction in the proceedings.

Bahr Transportation Transforms Operations with Descartes’ Transportation Management, Freight Visibility and Capacity Sourcing Solutions

Retrieved on:

Tuesday, March 26, 2024

Communication, Transport, Risk, TMS, DSG, Descartes Systems Group, Artificial intelligence, TSX, René Descartes, Commerce, Movement, Cargo

The integrated solutions allow Bahr Transportation to cover more customer freight while providing full visibility across the supply chain to enhance shipper and carrier relationships.

Key Points:

The integrated solutions allow Bahr Transportation to cover more customer freight while providing full visibility across the supply chain to enhance shipper and carrier relationships.
“We rely on the integrated Descartes solutions to streamline transportation workflows, help provide complete control and visibility for every load, and book loads faster with artificial intelligence (AI)-enhanced capacity matching.
The solution unlocks previously trapped freight capacity using advanced visualization, analytics and AI to allow freight brokers to cover more loads, build stronger carrier relationships, and reduce transportation costs.
“We’re pleased that our advanced freight brokerage solutions help companies with complex and time-sensitive operations, like Bahr Transportation, optimize the movement of perishable goods,” said Dan Cicerchi, VP and General Manager, Transportation Management at Descartes.

New White Paper from Salsify Defines The Next Generation of Product Experience Management

Retrieved on:

Tuesday, March 26, 2024

Automation, Innovation, PXM, Growth, White paper, Artificial intelligence, IDC, AI, PDP, PIM, Completeness, System, Commerce, Future, Nextgen

BOSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Salsify , the Product Experience Management (PXM) platform empowering brand manufacturers, distributors, and retailers to win on the digital shelf, today released a new White Paper to define the next generation of PXM operations.

Key Points:

BOSTON, March 26, 2024 (GLOBE NEWSWIRE) -- Salsify , the Product Experience Management (PXM) platform empowering brand manufacturers, distributors, and retailers to win on the digital shelf, today released a new White Paper to define the next generation of PXM operations.
: The Past, Present, and Future of Product Experience Management” and authored by Salsify co-founder and Chief Marketing Officer Rob Gonzalez, identifies substantial business shifts that expand the requirements for a PXM platform.
The report states, “Product experience management (PXM) isn't just another industry acronym — it's the solution to a fundamental challenge in digital retail.
Read the complete White Paper here and visit www.salsify.com for more information.

Readout of SBA Administrator Isabel Casillas Guzman’s Convening of Child Care Conference

Retrieved on:

Monday, March 25, 2024

Child care, Conference, SBA, Executive order, Child, Interview, Entrepreneurship, Small business, Commerce, Ecosystem, Administration, Human, Management

In the morning, Administrator Guzman attended a private breakfast and conversation with leaders in the child care industry hosted by the Public Private Strategies Institute at the U.S. Hispanic Chamber of Commerce.

Key Points:

In the morning, Administrator Guzman attended a private breakfast and conversation with leaders in the child care industry hosted by the Public Private Strategies Institute at the U.S. Hispanic Chamber of Commerce.
Following the breakfast event, Administrator Guzman participated in a fireside chat, where she discussed the importance of child care infrastructure for a thriving entrepreneurship ecosystem, how child care gaps can hurt small business owners, and what the Biden-Harris Administration is doing to remedy this nationwide challenge.
Administrator Guzman discussed her vision for improving the child care ecosystem, including new SBA resources for entrepreneurs in the care economy.
Employers lose $23 billion a year to child care challenges faced by employees, and more than 70% of working caregivers report that better child care would increase their productivity.

Ecommerce Innovator Spresso Secures Initial Series A Funding Led by Funds and Accounts Managed by BlackRock

Retrieved on:

Tuesday, April 9, 2024

Spresso , a leading provider of AI-powered solutions for ecommerce businesses, today announced an initial Series A investment from funds and accounts managed by BlackRock (“BlackRock”).

Key Points:

Spresso , a leading provider of AI-powered solutions for ecommerce businesses, today announced an initial Series A investment from funds and accounts managed by BlackRock (“BlackRock”).
“BlackRock's investment signifies their continued confidence in our vision,” said Jared Yaman, CEO of Spresso.
Commerce Suite : Robust ecommerce platform for building and managing successful online storefronts, ensuring seamless customer experiences.
“We are excited to continue to support the company’s growth through this investment.”
BlackRock first made a strategic investment in Spresso in May 2023.

Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS Platform

Retrieved on:

Tuesday, April 9, 2024

Blue Planet , a division of Ciena (NYSE:CIEN), has launched a major enhancement to its intelligent automation software portfolio with the first-of-its-kind Blue Planet Cloud Native Platform .

Key Points:

Blue Planet , a division of Ciena (NYSE:CIEN), has launched a major enhancement to its intelligent automation software portfolio with the first-of-its-kind Blue Planet Cloud Native Platform .
The new Blue Planet Cloud Native Platform allows CSPs to deploy individual applications independently or together to address their most important OSS modernization projects at their own pace.
These include the Blue Planet Inventory ( BPI ), Blue Planet Orchestration ( BPO ) and Blue Planet Assurance ( BPA ) applications, which are all readily available on the platform today.
“The Blue Planet Cloud Native Platform transcends the traditional approach of custom ‘spaghetti integrations’ that have shackled CSPs’ ability to be adaptable, open and agile.

NuHarbor Security Recognized as Top Workplace by VermontBiz, Best Practice Institute

Retrieved on:

Tuesday, April 9, 2024

NuHarbor Security , trusted managed security service provider to hundreds of public and private sector clients, has again been recognized for its exceptional workplace culture and employee satisfaction with two prestigious awards.

Key Points:

NuHarbor Security , trusted managed security service provider to hundreds of public and private sector clients, has again been recognized for its exceptional workplace culture and employee satisfaction with two prestigious awards.
NuHarbor Security has also been certified as a Most Loved Workplace® by the Best Practice Institute (BPI).
“The best way to retain best-in-class talent is to create a culture that our team members don’t want to leave,” said Justin Fimlaid, Founder and CEO of NuHarbor Security.
As a certified Most Loved Workplace® and a six-time Best Place to Work in Vermont, NuHarbor Security is well-positioned to attract top talent and continue delivering exceptional cybersecurity solutions to its clients nationwide.