Sunday, January 17States Top Leading News (STL.News)

Tag: announcement

Newmont Commits to Industry-Leading Climate Targets
Business

Newmont Commits to Industry-Leading Climate Targets

Commits to 30% GHG emissions reductions by 2030 and goal of net zero emissions by 2050 DENVER, CO (STL.News) Today, Newmont Corporation (NYSE: NEM, TSX: NGT) the world’s leading gold mining company, announced industry-leading climate targets of 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of achieving net zero carbon emissions by 2050.  The new 2030 target builds upon Newmont’s existing GHG emissions reductions target of 16.5 percent over five years, concluding in 2020. “At Newmont, we hold ourselves to high standards — from the way in which we govern our business, to how we manage relationships with our stakeholders, to our environmental stewardship and safety practices,” said Tom Palmer, President and CEO of Newmont Corporation.  “We fundamentally under...
Energizer Holdings, Inc. Announces Pricing of $800 Million Senior Notes
Business

Energizer Holdings, Inc. Announces Pricing of $800 Million Senior Notes

ST. LOUIS, MO (STL.News) Energizer Holdings, Inc. (NYSE: ENR) (the "Company") today announced the pricing, on September 16, 2020, of an $800 million offering of 4.375% senior notes due 2029 (the "Notes").  The Notes priced at 100.0% of the principal amount thereof.  The Notes will be guaranteed, jointly and severally, on an unsecured basis, by certain of the Company's domestic restricted subsidiaries. The Company intends to use the net proceeds from the offering of the Notes, together with cash on hand, to (i) fund the conditional redemption to redeem in full the $750 million aggregate principal amount of the Company's outstanding 6.375% Senior Notes due 2026 (the "2026 Notes Redemption") and (ii) pay fees and expenses related to the 2026 Notes Redemption and the offering of the Notes.  P...
UMB Financial Corporation Announces Pricing of Subordinated Notes Offering
Business

UMB Financial Corporation Announces Pricing of Subordinated Notes Offering

KANSAS CITY, MO (STL.News) UMB Financial Corporation (Nasdaq: UMBF) (“UMB”) announced Monday that it priced an offering of $200 million aggregate principal amount of 3.700 percent fixed-to-fixed rate subordinated notes, due 2030 at a price to the public of 100 percent of their face value. Interest on these notes will accrue at a rate equal to (i) 3.700 percent per annum from the original issue date to, but excluding, September 17, 2025, the reset date, and (ii) a fixed rate per annum equal to the five-year U.S.Treasury rate as of the reset date, plus 3.437 percent per annum, from the reset date, to and including, September 17, 2030. Interest on the notes will be payable semi-annually in arrears, on September 17 and March 17 of each year, beginning on March 17, 2021. The offering of the no...
Union Pacific Corporation Announces Results to Date of Exchange Offers
Business

Union Pacific Corporation Announces Results to Date of Exchange Offers

Union Pacific Corporation Announces Results to Date of Exchange Offers and increase in Size of Exchange Offers Limit Omaha, NE (STL.News) Union Pacific Corporation (NYSE:UNP; and "Union Pacific” or the "Corporation”) today announced (a) the early results of its private offers to exchange certain of its outstanding notes and debentures referenced in the table below for a combination of new notes due 2062 (the "New Notes”) and cash (the "Exchange Offers”) and (b) an amendment to the Exchange Offers to increase the Exchange Offers Limit (as defined below) from $750,000,000 to $1,045,000,000.  The outstanding notes and debentures to be exchanged pursuant to the Exchange Offers are collectively referred to as the "Existing Notes.” On August 17, 2020, Union Pacific commenced fourteen separate E...
United Airlines Permanently Eliminates Change Fees
Business

United Airlines Permanently Eliminates Change Fees

CHICAGO, IL (STL.News) The only thing constant is change and at United Airlines, some of the fees associated with changes related to flying are gone for good.  The carrier announced today that it is permanently getting rid of change fees on all standard Economy and Premium cabin tickets for travel within the U.S., effective immediately.  And starting on January 1, 2021, any United customer can fly standby for free on a flight departing the day of their travel regardless of the type of ticket or class of service, a first among U.S. carriers, while MileagePlus Premier members can confirm a seat on a different flight on the same day with the same departure and arrival cities as their original ticket if a seat in the same ticket fare class is available. United is also extending its waiver for...
Georgia Governor Kemp to Make Economic Development Announcement
Politics

Georgia Governor Kemp to Make Economic Development Announcement

Atlanta, GA (STL.News) On Tuesday, September 1, Georgia Governor Brian P. Kemp and First Lady Marty Kemp will join local leaders and state officials to make an economic development announcement at Amazon's new fulfillment center in Gwinnett County. WHO: Governor Brian P. Kemp; First Lady Marty Kemp; Georgia Department of Economic Development Commissioner Pat Wilson; Rob Packett, Amazon Regional Director of Operations; members of the General Assembly; business leaders; state and local officials. WHEN: Tuesday, September 1 at 2:30 PM WHERE: Amazon’s ATL2 Fulfillment Center - 2255 West Park Place Blvd., Stone Mountain, GA 30087 RSVP: All media interested in attending the announcement should contact Tate Mitchell at tate.mitchell@georgia.gov to RSVP by 5 PM on Monday, August 31. ?
Lam Research Corporation announces a 13% increase in quarterly dividend
Business

Lam Research Corporation announces a 13% increase in quarterly dividend

FREMONT, CA (STL.News) Lam Research Corporation (Nasdaq: LRCX) Thursday announced that its Board of Directors has approved a $0.15 or 13% increase in its quarterly dividend from $1.15 to $1.30 per share of common stock.  This increase is consistent with the intent for disciplined annual dividend growth.  The dividend payment will be made October 14, 2020 to holders of record on September 30, 2020.  Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.  As a trusted, collaborative partner to the world’s leading semiconductor companies, we combine superior systems engineering capability, technology leadership, ...
Realty Income Announces $1.0 Billion Commercial Paper Program
Business

Realty Income Announces $1.0 Billion Commercial Paper Program

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has established a U.S. dollar-denominated unsecured commercial paper program. Under the terms of the program, the company may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding of $1.0 billion.  The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all of the company's other unsecured senior indebtedness, including the company's outstanding senior notes and borrowings under the company's revolving credit facility.  Note proceeds will be used for general corporate purposes.  The company expects to use its $3.0 billion revolving credit facil...
QVC, Inc. Announces Proposed Senior Secured Notes Offering
Business

QVC, Inc. Announces Proposed Senior Secured Notes Offering

WEST CHESTER, PA (STL.News) QVC, Inc. (“QVC”) announced today its intention to offer (the “Offering”) $500 million aggregate principal amount of Senior Secured Notes due 2028 (the “New Notes”), subject to market and other conditions.  The New Notes will be secured by a first-priority lien on the capital stock of QVC, which also secures QVC’s existing secured indebtedness and certain future indebtedness.  The net proceeds from the Offering, together with cash on hand, are expected to be used to repurchase any and all of the $500 million outstanding aggregate principal amount of QVC’s 5.125% senior secured notes due 2022 (the “2022 Notes”) in a tender offer announced today by QVC. QVC is a wholly-owned subsidiary of Qurate Retail, Inc. (Nasdaq: QRTEA and QRTEB). BofA Securities and J.P. Mo...
AES Announces Acceleration of Future Payments of $720 Million
Business

AES Announces Acceleration of Future Payments of $720 Million

AES Announces Acceleration of Future Payments of $720 Million from Two Long-Term Contracts at AES Gener ARLINGTON, VA (STL.News) The AES Corporation (NYSE: AES) announced today that its subsidiary, AES Gener, reached an agreement for the early termination of two tolling agreements (Power Purchase Agreements, PPAs) with the 558 MW Angamos coal-fired plant in Chile.  Per this agreement, the PPAs will cease in August 2021.  This year, Angamos will receive a payment of $720 million, primarily reflecting the present value of fixed charges through 2029, as stipulated in the PPAs. "As a result of this agreement, AES Gener is accelerating all future payments from two of its long-term coal generation contracts, for a total of $720 million," said Andrés Gluski, AES President and Chief Executive Off...
Motorola Solutions Announces Tender Offer for up to $215 million
Business

Motorola Solutions Announces Tender Offer for up to $215 million

Motorola Solutions Announces Tender Offer for up to $215 million Aggregate Purchase Price of Outstanding Debt CHICAGO, IL (STL.News) Motorola Solutions, Inc. (NYSE: MSI) (the “Company”) announced today that it has commenced a debt tender offer to purchase for cash up to the Maximum Waterfall Tender Amount (as defined below) in aggregate purchase price of the Company’s outstanding securities listed in the Table below (each, a “Security” and collectively, the “Securities”), subject to the Acceptance Priority Levels as defined below (the “Offer”).  The “Maximum Waterfall Tender Amount” is an aggregate purchase price equal to $215 million, excluding accrued interest.  The tender offer is intended to allow the Company to issue new debt securities to fund the repurchase of the Securities, thereb...
Federal Reserve Board announces expansion of counterparties
Business

Federal Reserve Board announces expansion of counterparties

Federal Reserve Board announces expansion of counterparties in the Term Asset-Backed Securities Loan Facility, Secondary Market Corporate Credit Facility, and Commercial Paper Funding Facility Washington, DC (STL.News) The Federal Reserve Board on Thursday broadened the set of firms eligible to transact with and provide services in three emergency lending facilities.  Encouraging a broader range of agents for the Term Asset-Backed Securities Loan Facility (TALF) and counterparties for the Commercial Paper Funding Facility (CPFF) and Secondary Market Corporate Credit Facility (SMCCF) will increase the Federal Reserve's operational capacity and insight into the respective markets. The TALF, CPFF, and SMCCF are facilities created under section 13(3) of the Federal Reserve Act, established wi...
Federal Reserve Board to maintain the current schedule of prices for most payment services
Business

Federal Reserve Board to maintain the current schedule of prices for most payment services

Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021 Washington, DC (STL.News) The Federal Reserve Board on Tuesday announced its intent to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions (priced services) in 2021.  This approach recognizes the uncertainties created by the COVID-19 pandemic, and the difficulty in applying standard forecasting tools in this environment. The Board normally communicates information about pricing schedules near the end of the year.  The Board is announcing its intent to keep most 2021 prices flat at this time in order to support the business planning of users and pro...
Diana S. Ferguson Appointed to Mattel Board of Directors
Business

Diana S. Ferguson Appointed to Mattel Board of Directors

Ferguson Will Serve on the Company’s Audit Committee and Assume the Role of Audit Committee Chair on Sept. 1, 2020 EL SEGUNDO, CA (STL.News) Mattel, Inc. (NASDAQ: MAT) announced today that Diana S. Ferguson, Chief Financial Officer of Cleveland Avenue LLC, has been appointed to the Company’s Board of Directors effective July 21, 2020.  Ferguson will serve on the Audit Committee of the Board and assume the role of Chair of the Audit Committee on Sept. 1, 2020. “Diana is a highly experienced executive who brings a proven track record of corporate financial management and strategic planning to our Board,” said Ynon Kreiz, Chairman and CEO of Mattel.  “We look forward to benefiting from her insights and perspectives as we continue to execute our strategy to transform Mattel into an IP-driven,...
Bristol Myers Squibb Announces Expiration and Final Results of Registered Exchange Offers
Business

Bristol Myers Squibb Announces Expiration and Final Results of Registered Exchange Offers

PRINCETON, NJ (STL.News) Bristol-Myers Squibb Company (NYSE:BMY) (“Bristol Myers Squibb”) announced today the expiration and final results of its offers to exchange (the “Registered Exchange Offers”) any and all of its outstanding (i) $19,000,000,000 aggregate principal amount of senior unsecured notes previously issued on May 16, 2019 (“May Notes”) pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and (ii) $18,545,623,000 aggregate principal amount of its outstanding senior unsecured notes previously issued on November 22, 2019 (the “November Notes” and, together with the May Notes, the “Original Notes”) pursuant to an exemption from the registration requirements of the Securities Act, for an equal principal amoun...
Missouri News: Untested Sexual Assault Kits Shipped from Jefferson County Sheriff’s Department
Missouri

Missouri News: Untested Sexual Assault Kits Shipped from Jefferson County Sheriff’s Department

Jefferson City, MO (STL.News) Missouri Attorney General Eric Schmitt announced that the latest batch of untested sexual assault kits was gathered from neighboring departments at the Jefferson County Sheriff’s Department yesterday and shipped to the lab to be tested.  In total, 35 kits were gathered from five departments and shipped to the lab. “This shipping event is even more progress toward our goal of clearing the backlog of untested sexual assault kits in Missouri and obtaining justice on behalf of victims,” said Attorney General Schmitt.  “I want to thank Sheriff Marshak and his staff for hosting this shipping event and working together with my office on this important initiative.” "We are glad to support the comprehensive efforts of Attorney General Schmitt to get justice for more ...
Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF)
Business

Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF)

Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers Washington, DC (STL.News) The Federal Reserve Board on Monday announced updates to the Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers. As detailed in a revised term sheet and updated FAQs, the SMCCF will purchase corporate bonds to create a corporate bond portfolio that is based on a broad, diversified market index of U.S. corporate bonds.  This index is made up of all the bonds in th...
SEC Staff to Host July 9 Roundtable on Emerging Markets
Business

SEC Staff to Host July 9 Roundtable on Emerging Markets

Washington DC (STL.News) The Securities and Exchange Commission today announced July 9 as the date for its staff round-table to hear the views of investors, other market participants, regulators, and industry experts on the risks of investing in emerging markets, including China. Over the past decade, U.S. investors, and the U.S. capital markets more generally, have increased exposure to companies with significant operations in emerging markets, including China—the largest emerging market and the world’s second largest economy.  Investments in emerging markets, including China, entail significant disclosure, financial reporting and other risks for U.S. investors.  Significantly, while the U.S. securities laws and regulations applicable to emerging market companies listed on U.S. exchanges...