Date | Jotup

New Fortress Energy Inc. Announces Increase to Previously Announced Cash Tender Offer for its 6.750% Senior Secured Notes due 2025

Retrieved on:

Tuesday, March 5, 2024

Energy, Utilities, Oil, Gas, Morgan Stanley, Expiration, Accrued interest, Settlement date, Date, Debt, Tender offer, CUSIP, Tender, Settlement, Cryptocurrency

For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points:

For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30.00 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

New Fortress Energy Inc. Announces Cash Tender Offer for up to $250,000,000 of its 6.750% Senior Secured Notes due 2025

Retrieved on:

Tuesday, March 5, 2024

(5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.

Key Points:

(5) For each $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date.
If the Tender Offer is not fully subscribed as of the Early Tender Date, Holders who validly tender Notes after the Early Tender Date may be subject to proration, whereas Holders who validly tender Notes at or prior to the Early Tender Date will not be subject to proration.
The Total Consideration includes an early tender payment (the “Early Tender Payment”) of $30 for each $1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration.
Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.

Xerox Announces Tender Offers for 2024 Notes and 2025 Notes

Retrieved on:

Monday, March 4, 2024

Retail, Office Products, Expiration, Person, Accrued interest, Note, Xerox, Holding, Sale, Date, Tender offer, Interest, Security (finance), Tender, Cryptocurrency

Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).

Key Points:

Subject to the terms and conditions set forth in the offer to purchase, dated March 4, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), (a) Holdings is offering to purchase for cash an aggregate principal amount of its 5.000% senior notes due 2025 (the “2025 Notes”) up to $94 million (such cap, the “Maximum Tender Cap”) (the “Maximum Tender Offer”) and (b) Xerox is offering to purchase for cash any and all of its 3.800% senior notes due 2024 (the “2024 Notes”) (the “Any and All Tender Offer” and, together with the Maximum Tender Offer, the “Tender Offers”).
The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers.
The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase.
This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase the 2024 Notes or the 2025 Notes.

Empire Petroleum Issues Correction for Previously Announced Proposed Rights Offering

Retrieved on:

Wednesday, February 28, 2024

Oil, Gas, Energy, Transfer, The Company, Prospectus, Rights, News, Common stock, Sale, Exercise, Date, Security (finance)

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.

Key Points:

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.
The initial release indicated that each subscription right entitled the holder to purchase 4,132,232 shares at the subscription price of $6.05.
The Rights Offering will be more fully described in the prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on or about the Record Date.
Once available, a copy of the prospectus, prospectus supplement or further information with respect to the Rights Offering may be obtained by contacting Securities Transfer Corporation, the subscription and information agent for the Rights Offering, at (469) 633-0101.

ICE to Align Crude Quality Contract Specifications of ICE Midland WTI (HOU) Futures with Physical Gulf Coast Crude Cargoes

Retrieved on:

Wednesday, February 28, 2024

Professional Services, Data Analytics, Oil, Gas, Energy, Finance, Banking, Fuel oil, Date, MEH, RVP, Intercontinental Exchange, Gasoline, ICE, Iron, Nickel, ECHO, Vanadium, HOU

Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced plans to further align the ICE Midland WTI (ICE:HOU) futures contract with Midland WTI crude oil included in the Dated Brent basket.

Key Points:

Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced plans to further align the ICE Midland WTI (ICE:HOU) futures contract with Midland WTI crude oil included in the Dated Brent basket.
The contract amendments mean the crude oil quality that is deliverable via ICE’s HOU futures contract will align with globally accepted Midland-WTI quality physical cargoes loading at the U.S. Gulf Coast for export to Europe and their potential inclusion in the Platts Dated Brent basket assessment.
“This is an important final step to align ICE’s Midland WTI futures contract with the globally accepted quality standard for the Midland WTI crude grade,” said Jeff Barbuto, Global Head of Oil Markets, ICE.
Deliveries of Midland WTI-quality crude oil via the HOU contract were over 4.4 million barrels each month during the second half of 2023.

Empire Petroleum Announces Record Date for Proposed Rights Offering

Retrieved on:

Wednesday, February 28, 2024

Oil, Gas, Energy, Transfer, The Company, Prospectus, Rights, News, Common stock, Sale, Exercise, Letter, Date, Eastern Time Zone, Security (finance), Record

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on March 7, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.

Key Points:

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on March 7, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.
Holders of subscription rights who hold their shares directly will receive a prospectus, a prospectus supplement, a letter from Empire describing the Rights Offering, and a subscription rights certificate.
Those holders who intend to exercise their subscription rights and over-subscription rights should review all of these materials, properly complete and execute the subscription rights certificates, and deliver the subscription rights certificates and full payment to Securities Transfer Corporation, the subscription agent for the Rights Offering, at the address set forth in the prospectus supplement.
The Rights Offering will be more fully described in the prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on or about the Record Date.

Western Asset High Income Fund II Inc. Announces Preliminary Results of Transferable Rights Offering

Retrieved on:

Tuesday, February 27, 2024

Banking, Asset Management, Professional Services, Finance, Investment, CUSIP, Report, Date, Prospectus, Sale, Fund, HIX, Security (finance)

Western Asset High Income Fund II Inc. (NYSE: HIX) (CUSIP: 95766J-10-2) (“HIX” or the “Fund”) announced today the completion of its transferable rights offering (the “Offer”).

Key Points:

Western Asset High Income Fund II Inc. (NYSE: HIX) (CUSIP: 95766J-10-2) (“HIX” or the “Fund”) announced today the completion of its transferable rights offering (the “Offer”).
Holders of Rights were entitled to purchase shares of common stock by submitting three Rights and the subscription price per share for each share purchased.
Shares of closed-end investment companies, such as the Fund, frequently trade at a discount from their net asset value.
The Fund is actively managed, but there is no guarantee that Western Asset’s investment decisions will produce the desired results.

Cenntro Electric Group Limited Announces Imminent Implementation of the Scheme of Arrangement

Retrieved on:

Monday, February 26, 2024

Trucking, Automotive, General Automotive, Other Automotive, EV, Electric Vehicles, Transport, Scheme, Investment company, CUSIP, Date, Cryptocurrency

Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.

Key Points:

Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.
Cenntro is pleased to announce that the Scheme will be implemented tomorrow February 27, 2024, in accordance with the previously announced timeline (the “Implementation Date”).
On the Implementation Date, HoldCo will acquire all of the issued ordinary shares of Cenntro and exchange them for shares of common stock of HoldCo on a 1:1 basis.
The CUSIP number attributable to the Cenntro ordinary shares will change from Cenntro’s CUSIP number—Q6519V120, to HoldCo’s CUSIP number—150964104 on the Implementation Date.

American Software Reports Third Quarter of Fiscal Year 2024 Results

Retrieved on:

Thursday, February 22, 2024

American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2024.

Key Points:

American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2024.
During the second quarter of fiscal year 2024 we divested our non-core information technology staffing firm, The Proven Method and its results are included in discontinuing operations.
Professional services and other revenues for the quarter ended January 31, 2024 decreased 28% to $3.4 million for the quarter ended January 31, 2024 compared to $4.8 million for the same period last year.
“We delivered solid third quarter results and remain on track to achieve our guidance for fiscal 2024, which is unchanged from the prior quarter,” said Allan Dow, CEO and President of American Software.

Wynn Resorts Announces Early Results of Tender Offer for Cash by Wynn Las Vegas, LLC for its 5.500% Senior Notes due 2025

Retrieved on:

Friday, February 23, 2024

Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on February 22, 2024.

Key Points:

Withdrawal and revocation rights expired at 5:00 p.m., New York City time, on February 22, 2024.
All Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and accepted for purchase will be purchased by Wynn Las Vegas, LLC on the “Early Settlement Date,” which is currently expected to occur on February 23, 2024.
Payment for the Notes that are purchased will include accrued and unpaid interest from the last interest payment date to, but excluding, the Early Settlement Date.
Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. are the dealer managers for the Tender Offer.