TRP

TC Energy appoints Sean O’Donnell as Executive Vice-President and Chief Financial Officer

Retrieved on: 
Wednesday, April 3, 2024
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The appointment of Mr. O’Donnell follows Mr. Hunter’s decision to leave the Company to pursue another opportunity in the energy sector.

Key Points: 
  • The appointment of Mr. O’Donnell follows Mr. Hunter’s decision to leave the Company to pursue another opportunity in the energy sector.
  • “Throughout his over 26 years with the Company, Joel has been a valued member of the TC Energy team, and a distinguished contributor to our success.
  • We wish Joel all the best in his next opportunity,” said François Poirier, President and Chief Executive Officer.
  • He also served as the Chief Financial Officer of Quantum’s first US independent power company and of the firm’s LNG export facility in Mexico.

TC Energy provides conversion right and dividend rate notice for Series 7 and 8 preferred shares

Retrieved on: 
Monday, April 1, 2024
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CALGARY, Alberta, April 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 7 (Series 7 Shares) on April 30, 2024.

Key Points: 
  • CALGARY, Alberta, April 01, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 7 (Series 7 Shares) on April 30, 2024.
  • As a result, subject to certain conditions, the holders of Series 7 Shares have the right to choose one of the following options regarding their shares:
    to retain any or all of their Series 7 Shares and continue to receive a fixed rate quarterly dividend, or
    to convert, on a one-for-one basis, any or all of their Series 7 Shares into Cumulative Redeemable First Preferred Shares, Series 8 (Series 8 Shares) of TC Energy and receive a floating rate quarterly dividend.
  • Should holders of Series 7 Shares choose to convert their shares to Series 8 Shares, holders of Series 8 Shares will receive the floating quarterly dividend rate applicable to the Series 8 Shares of 7.379 per cent for the first quarterly floating rate period commencing April 30, 2024 to, but excluding, July 30, 2024.
  • Beneficial owners of Series 7 Shares who do not exercise their conversion right through their broker or other nominee by the deadline will retain their Series 7 Shares and receive the new annual fixed dividend rate applicable to the Series 7 Shares, subject to the conditions stated below.

TC Energy enters agreement to sell Prince Rupert Gas Transmission entities to Nisga’a Nation and Western LNG

Retrieved on: 
Thursday, March 14, 2024
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CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that it has entered into a binding letter agreement with Nisga’a Nation and Western LNG (the Buyers) regarding the purchase and sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in Prince Rupert Gas Transmission Limited Partnership (collectively, PRGT). PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia and potential delivery corridor that would further unlock Canada as a secure, affordable and sustainable source of LNG.

Key Points: 
  • CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that it has entered into a binding letter agreement with Nisga’a Nation and Western LNG (the Buyers) regarding the purchase and sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in Prince Rupert Gas Transmission Limited Partnership (collectively, PRGT).
  • PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia and potential delivery corridor that would further unlock Canada as a secure, affordable and sustainable source of LNG.
  • This transaction demonstrates TC Energy’s resolve toward delivering its 2024 strategic priorities while facilitating the development of critical energy infrastructure.
  • This is an important agreement that will see Indigenous co-ownership and development of an integrated LNG project.

Turning Rock Partners Provides Growth Expansion Financing for Hivelocity and Colohouse Merger

Retrieved on: 
Tuesday, April 2, 2024
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NEW YORK, April 2, 2024 /PRNewswire/ -- Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the closing of a $70 million expansion financing to support the merger of Hivelocity and Colohouse, a leading provider of colocation, cloud, bare metal, hosting and data services for a diversified set of customers.

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the closing of a $70 million expansion financing to support the merger of Hivelocity and Colohouse, a leading provider of colocation, cloud, bare metal, hosting and data services for a diversified set of customers.
  • The combined business will feature more than 40 data center locations and will be headquartered in Tampa, FL.
  • Our partnership with the combined company will serve to support new initiatives at the company and product offerings.
  • The strong management team led by Colohouse CEO Jeremy Pease and his talented equity partners has built an exceptional business and continue to drive growth through both organic customer expansion and select strategic acquisitions," said Turning Rock CEO and Managing Partner Maggie Arvedlund.

ALX Oncology Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Thursday, March 7, 2024
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SOUTH SAN FRANCISCO, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- ALX Oncology Holdings Inc., (“ALX Oncology” or “the Company”) (Nasdaq: ALXO), an immuno-oncology company developing therapies that block the CD47 immune checkpoint pathway, today reported financial results for the fourth quarter and full year ended December 31, 2023, and provided a corporate update.

Key Points: 
  • SOUTH SAN FRANCISCO, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- ALX Oncology Holdings Inc., (“ALX Oncology” or “the Company”) (Nasdaq: ALXO), an immuno-oncology company developing therapies that block the CD47 immune checkpoint pathway, today reported financial results for the fourth quarter and full year ended December 31, 2023, and provided a corporate update.
  • 2023 Full Year and Fourth Quarter Financial Results:
    Cash, Cash Equivalents and Investments: Cash, cash equivalents and investments as of December 31, 2023, were $218.1 million.
  • Non-GAAP net loss was $38.7 million for the fourth quarter ended December 31, 2023, as compared to a non-GAAP net loss of $24.4 million for the fourth quarter ended December 31, 2022.
  • A reconciliation of GAAP to non-GAAP financial results can be found at the end of this news release.

TC Energy announces sale of Portland Natural Gas Transmission System

Retrieved on: 
Monday, March 4, 2024
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PNGTS is a 475-kilometer (295-mile) FERC-regulated transporter of natural gas serving the upper New England and Atlantic Canada markets.

Key Points: 
  • PNGTS is a 475-kilometer (295-mile) FERC-regulated transporter of natural gas serving the upper New England and Atlantic Canada markets.
  • The pipeline receives natural gas from the Trans Quebec and Maritimes (TQM) Pipeline via the Canadian Mainline.
  • TC Energy will provide customary transition services and will work jointly with the Buyer to ensure the safe and orderly transition of this critical natural gas system.
  • Barclays acted as exclusive financial advisor to TC Energy and Énergir on the transaction.

Keysight and ETS-Lindgren Deliver First Narrowband Non-Terrestrial Networks Over-The-Air Test Solution

Retrieved on: 
Wednesday, March 6, 2024
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Keysight Technologies, Inc. (NYSE: KEYS) and ETS-Lindgren announce an industry-first over-the-air (OTA) test solution for devices supporting the narrowband non-terrestrial networks (NB-NTN) technology.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) and ETS-Lindgren announce an industry-first over-the-air (OTA) test solution for devices supporting the narrowband non-terrestrial networks (NB-NTN) technology.
  • Working in close partnership, Keysight and ETS-Lindgren developed a joint OTA test solution for measuring and validating the transmitter / receiver performance of devices supporting NB-NTN.
  • The combined solution comprises Keysight’s UXM E7515B NTN software and ETS-Lindgren’s OTA test chambers and EMQuest Antenna Measurement Software.
  • The cooperative approach with the Keysight UXM 5G Emulation Solution team helped accelerate the development of this important OTA test and allowed quick integration within EMQuest.”
    Chih Kai Wu, Wireless Solution Director, Keysight Wireless Test Group, said: “Keysight is delighted to partner with ETS-Lindgren to deliver the industry’s first NB-NTN OTA test solution.

Barings, Kline Hill Partners, and Adams Street Partners Co-Lead Closing of TRP Capital Partners’ Continuation Fund for GenOx Transportation Inc.

Retrieved on: 
Monday, February 26, 2024
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Barings, Kline Hill Partners (“Kline Hill”), and Adams Street Partners (“Adams Street”) today announced that they served as co-lead investors in the completion of a single asset continuation fund in support of TRP Capital Partners (“TRP”), Founder and CEO Kevin Mathews, and the management team of GenOx Transportation Inc. ("GenOx” or “the Company”), a leading industrial gas transportation company.

Key Points: 
  • Barings, Kline Hill Partners (“Kline Hill”), and Adams Street Partners (“Adams Street”) today announced that they served as co-lead investors in the completion of a single asset continuation fund in support of TRP Capital Partners (“TRP”), Founder and CEO Kevin Mathews, and the management team of GenOx Transportation Inc. ("GenOx” or “the Company”), a leading industrial gas transportation company.
  • We are pleased to continue our partnership with Kevin and the management team and welcome the support from our new secondary fund partners and investors,” said David Mitchell, Managing Partner at TRP Capital Partners.
  • We look to continue investing heavily in GenOx’s specialized fleet to support the industry and provide superior service for our customers,” added Michael Vellucci, Partner at TRP Capital Partners.
  • GenOx will continue to operate as a standalone business under the leadership of its existing management team, led by Kevin Mathews.

TC Energy files 2023 annual disclosure documents

Retrieved on: 
Friday, February 16, 2024
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CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) has today filed with Canadian securities authorities:

Key Points: 
  • CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) has today filed with Canadian securities authorities:
    Audited Consolidated Financial Statements for the year ended Dec. 31, 2023 with related Management’s Discussion and Analysis (Annual Report); and
    The Company’s Annual Information Form for the year ended Dec. 31, 2023.
  • In addition, TC Energy filed its Form 40-F for the year ended Dec. 31, 2023 with the United States Securities and Exchange Commission.
  • Copies of the filed documents are available at sedarplus.ca , sec.gov (for the Form 40-F) and in the Investors section of the Company website at tcenergy.com .
  • Shareholders may request a paper copy of the audited Consolidated Financial Statements, free of charge, by calling the Company at 1.800.661.3805.

TC Energy declares quarterly dividends

Retrieved on: 
Friday, February 16, 2024
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CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Mar.

Key Points: 
  • CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Mar.
  • The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:
    For the period up to but excluding Mar.
  • 2, 2024:
    These dividends are designated by TC Energy to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation.
  • The DRP is available for dividends payable on TC Energy’s common and preferred shares.