SPLP

Steel Partners Holdings Amends and Extends Credit Agreement

Retrieved on: 
Wednesday, December 29, 2021
Professional Services, Finance, Securities Exchange Act of 1934, COVID-19, Climate change, Legislation, Risk, Investment, WebBank, Sport, Federation, Company, Contract, Steel, National Association, SOFR, SPLP, Partnership, SEC, Greenhouse, PPP, NYSE, Securities Act of 1933, Partner, PNC Financial Services, SBA, Environment, Bank, Petroleum

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced it has amended and extended its credit agreement with a syndicate of banks led by PNC Bank, National Association.

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced it has amended and extended its credit agreement with a syndicate of banks led by PNC Bank, National Association.
  • The new five-year, $600 million, revolving credit facility covers substantially all SPLP entities, with the exception of Steel Partners WebBank subsidiary.
  • The credit facility includes:
    $50 million sub-facility for swing line loans,
    $50 million sub-facility for standby letters of credit, and
    Additionally, Steel Partners is permitted, under certain circumstances, to increase the facility by at least $300 million.
  • Extending our credit agreement for an additional five years provides us with enhanced liquidity and added flexibility, as we continue to grow Steel Partners and add value for all stakeholders.

Steel Partners Announces Partnership With 2021 Paralympic Swimmer Morgan Stickney

Retrieved on: 
Wednesday, August 4, 2021
Defense, Primary, Secondary, Education, Teens, Children, Banking, Health, Logistics, Supply Chain Management, Other Defense, Professional Services, Licensing (Sports), General Sports, Family, Consumer, Transport, Marketing, Communications, Sports, Physical Therapy, Other Energy, Supply Chain Management, General Health, Energy, Swimming, Retail, Henry Steele (sport shooter), Research, Morgan, SPLP, Diagnosis, Science, Vascular disease, Integrity, Parent, Partnership, Disability, United States Olympic & Paralympic Committee, Commitment, Respect, Leg, Multimedia, Athlete, New York Stock Exchange, Amputation, Sport, Dream, Partner, Oil, Dentistry, Toy

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced a partnership with Morgan Stickney, a champion swimmer headed for the 2021 Paralympics in Tokyo.

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today announced a partnership with Morgan Stickney, a champion swimmer headed for the 2021 Paralympics in Tokyo.
  • Morgan will be working with Steel Partners and its youth sports organization, Steel Sports, with the mission of inspiring youth to reach their potential on and off the field.
  • View the full release here: https://www.businesswire.com/news/home/20210804006117/en/
    Steel Partners announces a partnership with Morgan Stickney, a champion swimmer headed for the 2021 Paralympics in Tokyo.
  • Steel Partners and Steel Sports are proud to support Morgan in her Paralympic journey, said Warren Lichtenstein, Executive Chairman of Steel Partners.

Steel Partners announces partnership with 2021 Paralympic Swimmer Morgan Stickney

Retrieved on: 
Wednesday, August 4, 2021
Henry Steele (sport shooter), Research, Morgan, Steel, SPLP, Diagnosis, Science, Vascular disease, Integrity, Swimming, Parent, Partnership, Nickelodeon (Australia and New Zealand), Disability, United States Olympic & Paralympic Committee, Commitment, Respect, Leg, Athlete, New York Stock Exchange, Amputation, Sport, Dream, Partner, Petroleum, Dentistry, Toy

HERMOSA BEACH, Calif., Aug. 4, 2021 /PRNewswire/ -- Steel Partners announces a partnership with Morgan Stickney, a champion swimmer headed for the 2021 Paralympics in Tokyo.

Key Points: 
  • HERMOSA BEACH, Calif., Aug. 4, 2021 /PRNewswire/ -- Steel Partners announces a partnership with Morgan Stickney, a champion swimmer headed for the 2021 Paralympics in Tokyo.
  • Morgan will be working with Steel Partners and its youth sports organization, Steel Sports, with the mission of inspiring youth to reach their potential on and off the field.
  • Steel Partners and Steel Sports are proud to support Morgan in her Paralympic journey," said Warren Lichtenstein, Executive Chairman of Steel Partners.
  • Through Steel Sports, Steel Partners inspires young people like Morgan to reach their potential both on and off the field by developing them as athletes and individuals.

Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein

Retrieved on: 
Tuesday, April 27, 2021
Engineering, Manufacturing, Steel, Communication, Forward-looking statement, SPLP, Warren Lichtenstein

b'Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company\'s Executive Chairman, Warren Lichtenstein.

Key Points: 
  • b'Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company\'s Executive Chairman, Warren Lichtenstein.
  • The letter can be accessed at https://ir.steelpartners.com/static-files/cf744e81-03da-4833-b7bb-357f56... .
  • SPLP identifies these forward-looking statements by using words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," and similar expressions.
  • Any forward-looking statement made in this press release or the annual letter speaks only as of the date hereof, and investors should not rely upon forward-looking statements as predictions of future events.

Steel Partners Holdings LP announces Jason Lloyd named President of WebBank

Retrieved on: 
Wednesday, January 6, 2021
Banking, Professional services, Finance, WebBank, New York Stock Exchange, Stakeholder, SPLP, New York City, Service companies, WebBank, Steel Partners Holdings LP

Steel Partners Holdings LP (NYSE: SPLP) today announced the appointment of Jason Lloyd as the President of WebBank, succeeding Kelly Barnett.

Key Points: 
  • Steel Partners Holdings LP (NYSE: SPLP) today announced the appointment of Jason Lloyd as the President of WebBank, succeeding Kelly Barnett.
  • Lloyd, an employee of WebBank since 2008, most recently served as Executive Vice President of Business Development and has been instrumental in the execution of the banks business plan since he joined the company.
  • Jason has a demonstrated track record of leadership and building value for all stakeholders.
  • He is an empathetic and passionate leader, and he is the right person to lead WebBank into the future, said Jack Howard, Executive Chairman of WebBank.

 Steel Partners Holdings Declares Regular Quarterly Distribution on Its Series A Preferred Units

Retrieved on: 
Friday, May 22, 2020
Banking, Professional services, Finance, Financial economics, Finance, Equity securities, Stock market, SPLP, Dividend, Money, Preferred stock

Steel Partners Holdings L.P. (NYSE: SPLP) (the "Company" or "SPLP"), a diversified global holding company, today announced that the board of directors of its general partner has declared a regular quarterly distribution equal to $0.375 per unit, payable June 15, 2020, to unitholders of record as of June 1, 2020, on its 6% Series A Preferred Units, no par value ("Series A Preferred").

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP) (the "Company" or "SPLP"), a diversified global holding company, today announced that the board of directors of its general partner has declared a regular quarterly distribution equal to $0.375 per unit, payable June 15, 2020, to unitholders of record as of June 1, 2020, on its 6% Series A Preferred Units, no par value ("Series A Preferred").
  • In accordance with the Company's Eighth Amended and Restated Agreement of Limited Partnership, such distributions will be made in kind, such that holders of Series A Preferred will receive additional units equal to the product of units held and the $0.375 per unit quarterly dividend divided by the Series A Preferred liquidation preference of $25.00 per unit.
  • About Steel Partners Holdings L.P.
    Steel Partners Holdings L.P. ( www.steelpartners.com ) is a diversified global holding company that owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking and youth sports.
  • SPLP identifies these forward looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate," and similar expressions.

Steel Partners Holdings Provides COVID-19 Update

Retrieved on: 
Wednesday, April 15, 2020
Professional services, Health, Infectious diseases, Human resources, Finance, Banking, SPLP

Steel Partners Holdings L.P. (NYSE: SPLP) (SPLP or the Company) today announced additional measures focused on employee health and safety and cash management.

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP) (SPLP or the Company) today announced additional measures focused on employee health and safety and cash management.
  • Additional health and safety precautions are being taken to protect employees, including increased sanitation measures, distancing, and health monitoring.
  • The Company has also created a COVID-19 Task Force to share best practices, create risk mitigation plans, and resource guides to safeguard our employees.
  • About Steel Partners Holdings L.P.
    Steel Partners Holdings L.P. ( www.steelpartners.com ) is a diversified global holding company that owns and operates businesses and has significant interests in various companies, including diversified industrial products, energy, defense, supply chain management and logistics, direct marketing, banking and youth sports.

Steel Partners Holdings L.P. Announces Completion of Partial Redemption of 6.0% Series A Preferred Units

Retrieved on: 
Thursday, February 6, 2020
Banking, Professional services, Finance, Financial markets, Stock market, Finance, Financial economics, Equity securities, Corporate finance, Preferred stock, SPLP, CUSIP, Stock, Ion Media, Security

Steel Partners Holdings L.P. (NYSE: SPLP) (the Company), a diversified global holding company, today announced that it has completed the previously announced redemption of 1,600,000 units of its 6.0% Series A Preferred Units, no par value (the Preferred Units), representing approximately 20.2% of total outstanding Preferred Units.

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP) (the Company), a diversified global holding company, today announced that it has completed the previously announced redemption of 1,600,000 units of its 6.0% Series A Preferred Units, no par value (the Preferred Units), representing approximately 20.2% of total outstanding Preferred Units.
  • The Preferred Units are currently traded on the New York Stock Exchange under the symbol SPLP-PRA (CUSIP 85814R 206).
  • The Company redeemed the Preferred Units based on its obligation to repurchase the Preferred Units by the third anniversary of their issuance, February 7, 2020.
  • This press release is for informational purposes only and does not constitute an offer to tender for, or purchase, any Preferred Units or any other security.

Steel Partners Holdings Releases Annual Letter from Executive Chairman Warren Lichtenstein

Retrieved on: 
Monday, April 8, 2019
Manufacturing, Steel, Other Manufacturing, Professional services, Banking, Finance, Warren Lichtenstein, SPLP, Lichtenstein, New York Stock Exchange, Finance, Economy of the United States, Businesspeople

Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein.

Key Points: 
  • Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company, today released its annual letter from the Company's Executive Chairman, Warren Lichtenstein.
  • The letter can be accessed at www.steelpartners.com under Investor Relations, and will also be mailed to all unitholders.
  • The annual letter includes reviews of the Company's 2018 financial results, provides highlights and updates from the Company's holdings, and discusses the philosophy and strategy going forward.
  • "We have executed on our business simplification plan, and we are moving forward as one company, which operates on a decentralized basis, but shares corporate resources," said Lichtenstein.