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Algoma Steel Inc. Announces Pricing of US$350 Million 9.125% Senior Secured Second Lien Notes due 2029

Retrieved on:

Tuesday, March 26, 2024

ASTL, Sale, Regulation, News, Senior, ASI, TSX, Legislation, STE, Security (finance)

MARIE, Ontario, March 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a fully integrated producer of hot and cold rolled steel products including sheet and plate, announced today that its indirect wholly-owned subsidiary, Algoma Steel Inc. (“ASI”), has priced its previously announced offering of US$350 million aggregate principal amount of 9.125% Senior Secured Second Lien Notes due 2029 (the “Notes”).

Key Points:

MARIE, Ontario, March 26, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a fully integrated producer of hot and cold rolled steel products including sheet and plate, announced today that its indirect wholly-owned subsidiary, Algoma Steel Inc. (“ASI”), has priced its previously announced offering of US$350 million aggregate principal amount of 9.125% Senior Secured Second Lien Notes due 2029 (the “Notes”).
The Notes will be issued at a price of 100% of their face amount, for gross proceeds of US$350 million, and will bear interest at the rate of 9.125% per year.
The Notes will be guaranteed on a senior secured basis by ASI’s immediate parent company and all of ASI’s subsidiaries.
The offering of the Notes is expected to close on or about April 5, 2024, subject to customary closing conditions.

Algoma Steel Inc. Announces Proposed Offering of US$350 Million of Senior Secured Second Lien Notes due 2029

Retrieved on:

Monday, March 25, 2024

ASTL, Sale, Regulation, News, Senior, ASI, TSX, Legislation, STE, Security (finance)

MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a fully integrated producer of hot and cold rolled steel products including sheet and plate, announced today that its indirect wholly-owned subsidiary, Algoma Steel Inc. (“ASI”), intends to offer for sale US$350 million aggregate principal amount of Senior Secured Second Lien Notes due 2029 (the “Notes”).

Key Points:

MARIE, Ontario, March 25, 2024 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a fully integrated producer of hot and cold rolled steel products including sheet and plate, announced today that its indirect wholly-owned subsidiary, Algoma Steel Inc. (“ASI”), intends to offer for sale US$350 million aggregate principal amount of Senior Secured Second Lien Notes due 2029 (the “Notes”).
The Notes will be guaranteed on a senior secured basis by ASI’s immediate parent company and all of ASI’s subsidiaries.
Pricing and consummation of the offering of the Notes are subject to market and other conditions.
ASI intends to use the net proceeds from the offering of the Notes for general corporate purposes, adding strength and flexibility to its balance sheet.

Fetch.ai, Ocean Protocol and SingularityNET Unite to Create Artificial Superintelligence Alliance

Retrieved on:

Wednesday, March 27, 2024

SingularityNET (SNET), the world's first decentralized Artificial Intelligence (AI) network, Fetch.ai, a Web3 platform for the new AI economy, and Ocean Protocol, a decentralized data exchange platform to protect data, today announced the launch of the Artificial Superintelligence Alliance.

Key Points:

SingularityNET (SNET), the world's first decentralized Artificial Intelligence (AI) network, Fetch.ai, a Web3 platform for the new AI economy, and Ocean Protocol, a decentralized data exchange platform to protect data, today announced the launch of the Artificial Superintelligence Alliance.
Dr. Ben Goertzel, renowned as the “Father of AGI”, founded SNET as a blockchain-based marketplace and framework for AI services.
This Superintelligence Alliance facilitates the commercialization of each foundation’s technology, and enables wide scale access to cutting-edge AI platforms and large databases.
Upon closing of this token merger, a governing council for the Artificial Superintelligence Alliance will form to monitor and guide operations of the newly merged tokenomic network.

EXCESS SHARE INSURANCE SELECTED TO PROVIDE DEPOSIT INSURANCE FOR MILITARY BANKING FACILITIES OVERSEAS

Retrieved on:

Wednesday, April 3, 2024

Navy Federal Credit Union, American Share Insurance, National Credit Union Administration, History, ESI, Military personnel, Insurance, Woman, ASI, Overseas, Community Bank, MBF, Credit union, Navy, Bank

DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points:

DUBLIN, Ohio, April 3, 2024 /PRNewswire/ -- Excess Share Insurance (ESI), a wholly owned subsidiary of American Share Insurance (ASI), announced today that the company will provide private deposit insurance for Military Banking Facilities (MBF) overseas, known as "Community Bank."
These MBFs are a part of the Department of Defense (DoD) Overseas Military Banking Program.
With 60 branches and 272 ATMs on bases throughout Europe and the Pacific, MBFs play a crucial role in meeting the banking needs of the military community.
"ESI's experience and proven track record of providing private deposit insurance will empower the Overseas Military Banking Program to succeed in its mission while protecting the deposits of the military service members it serves," said Theresa Mason, president and CEO of ASI and ESI.

CROWN HOLDINGS SECURES ALUMINIUM STEWARDSHIP INITIATIVE (ASI) CHAIN OF CUSTODY CERTIFICATION (COC) FOR MEXICAN OPERATIONS

Retrieved on:

Tuesday, March 26, 2024

Certification, Organization, Corruption, Environment, Ethics, Crown Holdings, Hypervigilance, Human, Senior, ASI, COC, Sustainability, Standard, Aluminium, CCK

TAMPA, Fla., March 26, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has received the Aluminium Stewardship Initiative (ASI) Chain of Custody (CoC) Standard V2 (2022) Certification for its Mexican operations—the latest addition to a series of responsible sourcing credentials around the globe. By monitoring materials into their downstream stages, the certification aims to verify whether organizations maintain due diligence as their products move throughout their complete life cycles. For Crown, this achievement underscores a commitment to transparency and demonstrates a focus on product stewardship as part of the Company's Twentyby30™ sustainability program.

Key Points:

TAMPA, Fla., March 26, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) ( www.crowncork.com ) has received the Aluminium Stewardship Initiative (ASI) Chain of Custody (CoC) Standard V2 (2022) Certification for its Mexican operations—the latest addition to a series of responsible sourcing credentials around the globe.
For Crown, this achievement underscores a commitment to transparency and demonstrates a focus on product stewardship as part of the Company's Twentyby30™ sustainability program.
The ASI CoC Standard V2 applies to the production of beverage cans, can ends and ROPP closures at Crown Mexico facilities, including Crown Ensenada, Crown Guadalajara, Crown Toluca, Crown Latas Monterrey, Crown Cierres Monterrey and its headquarters in Monterrey, Mexico.
Prior to achieving the ASI CoC Standard V2, Crown Mexico was verified with the ASI Performance Standard.

Kelly Davids Named President of The Appraisal Foundation

Retrieved on:

Monday, March 25, 2024

Real estate, The Appraisal Foundation, Trustee, Committee, Senior, ASI, Vision 2030, Management

WASHINGTON, March 25, 2024 /PRNewswire/ -- The Appraisal Foundation Board of Trustees voted today to name Kelly Davids as President of The Appraisal Foundation.

Key Points:

WASHINGTON, March 25, 2024 /PRNewswire/ -- The Appraisal Foundation Board of Trustees voted today to name Kelly Davids as President of The Appraisal Foundation.
"We are thrilled to have such a qualified person as Kelly Davids to lead the Foundation's next chapter," said Board of Trustees Chair Tracy Johnston.
"I had the privilege of collaborating with Kelly Davids during various pivotal moments at The Appraisal Foundation," said past Board of Trustees Chair Tom Boyer, a member of the CEO Search Committee.
Her passion for advancing the field of appraisal is contagious, and I am convinced she was destined to lead The Appraisal Foundation.

AARP CEO Jo Ann Jenkins Announces Decision to Step Down at the End of the Year

Retrieved on:

Thursday, March 21, 2024

Social Security, Longevity, AARP, The Washington Post, Digital, Chairperson, Ethisphere Institute, ASI, Leg, Social, Plasma protein binding, Digital first, Medicare, Ageing, Management

WASHINGTON, March 21, 2024 /PRNewswire/ -- AARP Chief Executive Officer Jo Ann Jenkins announced her decision to step down when her contract expires at the end of the year.

Key Points:

WASHINGTON, March 21, 2024 /PRNewswire/ -- AARP Chief Executive Officer Jo Ann Jenkins announced her decision to step down when her contract expires at the end of the year.
She has been part of AARP since 2004, when she joined the AARP Services, Inc. (ASI) Board of Directors, where she served as Chair of the Board from 2009-2010.
In 2010, she was named as President of AARP Foundation, and in 2013 became AARP's Executive Vice President and Chief Operating Officer.
"The AARP Board will move diligently to find the right person to lead AARP on the next leg of its journey," Johnson said.

Taylor Esser Talks Career Change From Finance to Business Owner After Buying 40-Year Business The Ink Spot & Opening Minuteman Press Franchise in Quincy, MA

Retrieved on:

Wednesday, March 6, 2024

Acquisition, Entrepreneurship, RVP, Marketing, Minutemen, Sale, Life, University, Business administration, ASI, Family, Printing, Imagination, FLEX, Internet, Music

That is when she completed the purchase of 40-year printing business The Ink Spot, which is now operating as the Minuteman Press franchise in Quincy, MA.

Key Points:

That is when she completed the purchase of 40-year printing business The Ink Spot, which is now operating as the Minuteman Press franchise in Quincy, MA.
Since buying the business, Taylor has certainly hit the ground running with Minuteman Press in Quincy .
Taylor shares her background before franchising, saying, “I spent my entire career in finance prior to Minuteman Press.
I was looking at the different businesses for sale and came across The Ink Spot / Minuteman Press on one of the websites.

Knightscope Welcomes New Board of Directors

Retrieved on:

Tuesday, February 20, 2024

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading innovator in robotics and artificial intelligence (“A.I.”) technologies focused on public safety, today announces the appointment of its new members of its Board of Directors.

Key Points:

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading innovator in robotics and artificial intelligence (“A.I.”) technologies focused on public safety, today announces the appointment of its new members of its Board of Directors.
View the full release here: https://www.businesswire.com/news/home/20240220718264/en/
“Our departing directors have my deepest gratitude for their years of service on our Board.
In addition, the following new directors have been appointed, succeeding Patricia Howell, Linda Keene Solomon, and Patricia L. Watkins.
I’m now honored to join Knightscope’s Board of Directors and further my commitment to making America the safest country in the world,” said Mocny.

ASI unveils MATERIAL LOGIQ

Retrieved on:

Wednesday, March 6, 2024

Multimedia, ASI

MINNEAPOLIS, March 6, 2024 /PRNewswire/ -- ASI, the Minnesota-based company with a 40-year history of delivering best-in-class acoustical and architectural ceiling and wall product systems, is doubling down on its commitment to bringing the vision of architects and designers to life with a new brand called MATERIAL LOGIQ.

Key Points:

MINNEAPOLIS, March 6, 2024 /PRNewswire/ -- ASI, the Minnesota-based company with a 40-year history of delivering best-in-class acoustical and architectural ceiling and wall product systems, is doubling down on its commitment to bringing the vision of architects and designers to life with a new brand called MATERIAL LOGIQ.
The tagline on the new entity's website neatly sums up its promise: "Where fabrication meets imagination."
The co-creation space, where architects and designers work with third-party fabricators to develop custom products and solutions, has grown rapidly in recent years, and MATERIAL LOGIQ believes it is uniquely poised to take advantage of this evolution.
According to its website, MATERIAL LOGIQ is "setting out to prove what's possible when you pair deep industry expertise with a genuine desire to solve everyday design challenges."