Altra

Regal Rexnord Corporation Announces Publication Of Annual Sustainability Report

Retrieved on: 
Tuesday, December 5, 2023
Targets, Carbon, Sustainability reporting, Regal Rexnord Corporation, Acquisition, NYSE, Risk management, Science, Rexnord Corporation, Science Based Targets initiative, DEI, GHG, Management, Altra

MILWAUKEE, Dec. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report.

Key Points: 
  • MILWAUKEE, Dec. 5, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) today published its annual Sustainability Report.
  • Regal Rexnord's CEO, Louis Pinkham, commented on the strategic updates outlined in the report: "It is an exciting time at Regal Rexnord as we pursue our many initiatives to accelerate profitable growth.
  • Despite the many exciting changes underway at Regal Rexnord, what remains steadfast is our commitment to best-in-class governance policies and practices.
  • The current and historic sustainability reports are available here and on the Regal Rexnord investor relations website.

REI Co-op Cyber Week Sale and holiday deals makes gift giving easy for everyone on the list

Retrieved on: 
Monday, November 27, 2023
Diamond, REI, Sale, Pet, Mountain Equipment Co-op, Garmin, Camping, The, Smartwool, Altra, Running, Weather, The North Face, Outdoor Research, Travel, Hydro Flask, Friends, Marmot, Skiing, La Sportiva, Salomon, Cyber Monday, Clearance, KEEN, Saucony, Sports equipment, Publishing, Tourism, Columbia, Gerber

SEATTLE, Nov. 27, 2023 /PRNewswire/ -- Share the love of the outdoors with friends and loved ones. No matter the weather, REI Co-op has all the best gift options for hiking, running, skiing, camping, cycling, paddling, or walking adventures. With an easy-to-navigate online gift guide, to special deals running through the month on gear, apparel and outings, REI has hundreds of ideas to help outfit anyone on the list. 

Key Points: 
  • No matter the weather, REI Co-op has all the best gift options for hiking, running, skiing, camping, cycling, paddling, or walking adventures.
  • With an easy-to-navigate online gift guide, to special deals running through the month on gear, apparel and outings, REI has hundreds of ideas to help outfit anyone on the list.
  • Current deals for select items will end after Cyber Monday on Nov. 27, while other deals will continue to run through Dec. 4.
  • Following the co-op's cyber week sale, stay tuned for more incredible holiday deals in mid-December and take advantage of continued great deals – some just for REI members.

Wildwood Ventures Expands Operations

Retrieved on: 
Thursday, August 17, 2023
Icebreaker, Smartwool, Partner (business rank), VF Corporation, Organization, The North Face, Supreme, Out, Traction, Partner, Investment, Altra, Inside Out & Back Again, Dickies, Ecosystem, Cryptocurrency, Retail, Wildwood, Vans

DENVER, Aug. 17, 2023 /PRNewswire-PRWeb/ -- Wildwood Ventures, a venture studio and early stage investor at the intersection of the outdoor and wellness economies, is pleased to announce several areas of expansion within the organization including its advisory board, a new and innovative start-up within its studio and a pitch competition designed to attract new organizations to work within its portfolio. Wildwood is backed by VF Corporation, one of the world's leading owners of outdoor and active brands such as The North Face, Vans, and Timberland.

Key Points: 
  • Wildwood is backed by VF Corporation, one of the world's leading owners of outdoor and active brands such as The North Face, Vans, and Timberland.
  • "Wildwood Ventures is thrilled to announce our rapid progress across many elements of our organization," said David Wagner, Founder and Managing Partner.
  • Wildwood launched with three early-stage companies, including Out & Back , Kinsa Active , and Roots.
  • For more information on Wildwood Ventures: https://wildwood.vc/

Save up to 30% on outdoor gear and apparel at REI's Anniversary Sale, the biggest sale of the year

Retrieved on: 
Thursday, May 18, 2023
Diamond, REI, Garmin, Travel, Mountain Equipment Co-op, NEMO, Clothing, Black Diamond, History, Sale, Wind, Outdoor Research, Ford EXP, Altra, The, Prana, Grand Canyon, KEEN, Fashion design, Publishing, Real estate, Salomon

SEATTLE, May 18, 2023 /PRNewswire/ -- Specialty outdoor retailer REI Co-op kicks off its 85th anniversary with the return of its biggest sale of the year. REI's Anniversary Sale runs May 19 – 29 with major savings on favorite outdoor gear and apparel brands that inspire outdoor adventures all summer. The sale includes deals for everyone, with the deepest savings and special product offers available just for co-op members, including savings on all REI Co-op brand gear, clothing, footwear and bikes.

Key Points: 
  • SEATTLE, May 18, 2023 /PRNewswire/ -- Specialty outdoor retailer REI Co-op kicks off its 85th anniversary with the return of its biggest sale of the year.
  • REI's Anniversary Sale runs May 19 – 29 with major savings on favorite outdoor gear and apparel brands that inspire outdoor adventures all summer.
  • REI's Anniversary Sale runs May 19 – 29; save up to 30% on favorite outdoor brands that inspire outdoor adventures.
  • The REI Anniversary Sale is a great time to become a member to enjoy deeper deals during the event.

Topo Athletic Elevates Domestic Sales Initiatives with U.S. Sales Director Hire

Retrieved on: 
Wednesday, April 12, 2023
Camping, Brigham Young University, Thought, Quality of life, Football, Environment, Altra, Skiing, Tourism

FRAMINGHAM, Mass., April 12, 2023 (GLOBE NEWSWIRE) -- Known for their comfort, expert fit, and high performance in road and trail running circles, Topo Athletic has proudly announced the appointment of Ashleigh Cook, as Sales Director, U.S. Wholesale.

Key Points: 
  • FRAMINGHAM, Mass., April 12, 2023 (GLOBE NEWSWIRE) -- Known for their comfort, expert fit, and high performance in road and trail running circles, Topo Athletic has proudly announced the appointment of Ashleigh Cook, as Sales Director, U.S. Wholesale.
  • In this position, Cook will lead Topo’s domestic sales team, working strategically with a growing network of retailer accounts and independent sales agents.
  • Cook brings more than a decade of sales experience to the role, including positions at Altra Running as Western Regional Sales Manager and Key Account Manager.
  • “I have a passion for biomechanics and products that can significantly impact one’s quality of life,” said Cook.

Regal Rexnord and Altra Announce Receipt of All Required Regulatory Approvals for Merger

Retrieved on: 
Thursday, March 23, 2023
LLP, Transaction, Cravath, Swaine & Moore, Acquisition, Regal Rexnord Corporation, NYSE, Sidley Austin, Goldman Sachs, Financial adviser, Altra

BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE: RRX) (“Regal Rexnord”) and Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra”) jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the “Transaction”).

Key Points: 
  • BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE: RRX) (“Regal Rexnord”) and Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra”) jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the “Transaction”).
  • The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the remaining closing conditions set forth in the merger agreement between the parties.
  • J.P. Morgan and Incentrum Group are serving as financial advisors and Sidley Austin LLP is serving as legal advisor to Regal Rexnord.
  • Goldman Sachs & Co. LLC is serving as sole financial advisor and Cravath, Swaine & Moore LLP is serving as legal advisor to Altra.

Regal Rexnord Announces Completion of Consent Solicitation and Termination of Change of Control Offer

Retrieved on: 
Saturday, February 25, 2023
Association of Car Rental Industry Systems Standards, Bank, Asbestos, Public expenditure, Rexnord Corporation, Motion control, Security (finance), Ventilation, Altra, Amendment, COVID-19, Instability, Geographic Locator Codes, Change, Policy, Expiration date, Solicitation, Failure, Government, Heat, Tender offer, J. P. Morgan, Report, Expiration, Settlement date, Internet, Convention to propose amendments to the United States Constitution, Agreement, Offer and acceptance, Risk, Control, Climate change, Broker, Plan, Refrigeration, Information technology, Requisite organization, Issuer, HVAC, Privacy, Air conditioning, Consent, Note, Cryptocurrency, Property management, Indenture, Mergers and acquisitions

Because the Requisite Consents have been received and the Supplemental Indenture has been executed, the Offeror is terminating the Change of Control Offer.

Key Points: 
  • Because the Requisite Consents have been received and the Supplemental Indenture has been executed, the Offeror is terminating the Change of Control Offer.
  • J.P. Morgan Securities LLC ("J.P. Morgan") is acting as Dealer Manager for the Tender Offer and Consent Solicitation.
  • Questions regarding the Tender Offer and Consent Solicitation may be directed to J.P. Morgan at (212) 834-4045 (collect) or (866) 834-4666 (toll free).
  • No offer, solicitation or purchase will be made in any jurisdiction in which such an offer, solicitation or purchase would be unlawful.

Regal Rexnord Corporation Announces Closing of Senior Notes Offering

Retrieved on: 
Tuesday, January 24, 2023
Regal Rexnord Corporation, Note, Mergers and acquisitions, NYSE, Regulation, Sale, Person, SEC Rule 144A, Economics, Debt-to-GDP ratio, Security (finance), Altra

BELOIT, Wis., Jan. 24, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced that it has closed its previously announced offering of $4.7 billion aggregate principal amount of its senior unsecured notes (collectively, the "Notes").

Key Points: 
  • BELOIT, Wis., Jan. 24, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced that it has closed its previously announced offering of $4.7 billion aggregate principal amount of its senior unsecured notes (collectively, the "Notes").
  • The Company issued $1,100,000,000 aggregate principal amount of its 6.05% Senior Notes due 2026, $1,250,000,000 aggregate principal amount of its 6.05% Senior Notes due 2028, $1,100,000,000 aggregate principal amount of its 6.30% Senior Notes due 2030 and $1,250,000,000 aggregate principal amount of its 6.40% Senior Notes due 2033.
  • The closing of the Merger, if completed, will occur subsequent to the closing of the Notes Offering.
  • Chief Executive Officer, Louis Pinkham, commented, "We are very pleased with the outcome of our Notes Offering, which was exceptionally oversubscribed.

Altra Industrial Motion Corp. Announces First Quarter 2023 Dividend

Retrieved on: 
Wednesday, February 1, 2023
Holding company, Altra

BRAINTREE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC ), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the first quarter of 2023.

Key Points: 
  • BRAINTREE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC ), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the first quarter of 2023.
  • The first quarter 2023 dividend is the forty-fourth consecutive dividend in the Company’s history.
  • The dividend will be paid on April 4, 2023 to shareholders of record as of the close of business on March 16, 2023.
  • Future dividends may be further adjusted at the Board’s discretion based on market conditions and capital availability.

Regal Rexnord Corporation Announces Pricing Of Senior Notes Offering

Retrieved on: 
Tuesday, January 10, 2023
Note, Person, NYSE, Debt-to-GDP ratio, Regulation, Mergers and acquisitions, SEC Rule 144A, Sale, Security (finance), Altra

BELOIT, Wis., Jan. 9, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced the pricing of $4.7 billion aggregate principal amount of its senior unsecured notes, comprised of the following tranches (collectively, the "Notes"): $1,100,000,000 aggregate principal amount of its 6.05% Senior Notes due 2026, $1,250,000,000 aggregate principal amount of its 6.05% Senior Notes due 2028, $1,100,000,000 aggregate principal amount of its 6.30% Senior Notes due 2030 and $1,250,000,000 aggregate principal amount of its 6.40% Senior Notes due 2033.

Key Points: 
  • BELOIT, Wis., Jan. 9, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) (the "Company") today announced the pricing of $4.7 billion aggregate principal amount of its senior unsecured notes, comprised of the following tranches (collectively, the "Notes"): $1,100,000,000 aggregate principal amount of its 6.05% Senior Notes due 2026, $1,250,000,000 aggregate principal amount of its 6.05% Senior Notes due 2028, $1,100,000,000 aggregate principal amount of its 6.30% Senior Notes due 2030 and $1,250,000,000 aggregate principal amount of its 6.40% Senior Notes due 2033.
  • The Notes are being offered in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and persons outside the United States in accordance with Regulation S under the Securities Act (the "Notes Offering").
  • The Company intends to use the net proceeds from the Notes Offering, together with term loan borrowings under its senior credit facilities and cash on hand, to fund the Merger, repay its outstanding Senior Notes Due 2032 and certain of Altra's outstanding indebtedness and pay related fees and expenses.
  • The closing of the Notes Offering is not conditioned on the closing of the Merger, which, if completed, will occur at or subsequent to the closing of the Notes Offering.