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Peabody Announces Offer To Purchase Up To $13.281 Million In Aggregate Accreted Value Of Its 8.500% Senior Secured Notes Due 2024

PR Newswire

ST. LOUIS, July 7, 2021 /PRNewswire/ — Peabody (NYSE: BTU) today announced its offer to purchase (the “Offer“) for cash up to $13.281 million (the “Available Repurchase Amount“) in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 (the “2024 Notes“) at a purchase price equal to 73.840% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the Indenture (as defined below), to, but excluding, the settlement date, on the terms and subject to the conditions set forth in the Offer to Purchase, dated July 7, 2021 (the “Offer to Purchase“). The Offer is being made to satisfy the requirements of the Indenture.

The Offer will expire at 5:00 p.m., New York City time, on August 6, 2021, unless extended or earlier terminated by Peabody (the “Expiration Time“).  Subject to the Available Repurchase Amount, for each $1,000 accreted value of 2024 Notes validly tendered (and not validly withdrawn) prior to the Expiration Time and accepted by Peabody, holders of 2024 Notes will receive $738.40 in cash (the “Offer Price“), plus accrued and unpaid interest as set forth in the Indenture, to, but excluding, the settlement date. Tendered 2024 Notes may be validly withdrawn at any time prior to the Expiration Time, unless extended or earlier terminated by Peabody. The settlement date is currently expected to be the second business day following the Expiration Time.  Concurrently, Peabody is making a debt repurchase offer (the “Concurrent LC Agreement Offer“) under the Credit Agreement, dated as of January 29, 2021, among Peabody, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as Administrative Agent (the “LC Agreement“).

If the aggregate accreted value of the 2024 Notes tendered in the Offer and the aggregate principal and commitment amounts of Priority Lien Debt (as defined in the LC Agreement) under the LC Agreement tendered in the Concurrent LC Agreement Offer collectively exceed the Available Repurchase Amount of $13.281 million, Peabody will select the Notes, subject to the applicable procedures of the Depository Trust Company, to be purchased on a pro rata basis with such adjustments as needed so that no 2024 Notes in an unauthorized denomination are purchased in part based on the aggregate accreted value of the 2024 Notes tendered.

For example, if $15 million aggregate accreted value of Notes are tendered in the Offer and $10 million in aggregate principal and commitment amounts of Priority Lien Debt incurred under the LC Agreement are tendered in the Concurrent LC Agreement Offer, Peabody would purchase $7,968,600 aggregate accreted value of Notes in the Offer, with such Notes to be purchased on a pro rata basis in accordance with the procedures set forth in the preceding paragraph. Under this example, Peabody also would purchase $5,312,400 of Priority Lien Debt under the LC Agreement pursuant to the Concurrent LC Agreement Offer.

The 2024 Notes are governed by an indenture, dated as of January 29, 2021, by and among Peabody, the guarantors party thereto (the “Guarantors“) and Wilmington Trust, National Association, as trustee (the “Trustee“) (as amended and restated by the First Supplemental Indenture, dated as of February 3, 2021, among Peabody, the Guarantors and the Trustee, and as further amended, supplemented, restated or otherwise modified to the date hereof, the “Indenture“). Under the terms of the Indenture, within 30 days of June 30, 2021, the end of Peabody’s second fiscal quarter (such fiscal quarter, the “Debt Repurchase Quarterly Period“), Peabody is obligated to offer to purchase for cash an aggregate accreted value of up to the Available Repurchase Amount of its outstanding 2024 Notes at the price described above. The Offer is intended to satisfy this requirement.

The Available Repurchase Amount for the Offer is equal to 25% of $53.127 million, which is the total aggregate principal and commitment amounts of Priority Lien Debt (as defined in the Indenture) repurchased by Peabody pursuant to open-market repurchases during the Debt Repurchase Quarterly Period.  In addition, the Offer Price of $738.40 represents the price per $1,000 accreted value of Notes that is the weighted-average repurchase price for all Priority Lien Debt repurchased by Peabody during the Debt Repurchase Quarterly Period.

None of Peabody, its board of directors (or any committee thereof), Wilmington Trust, National Association, the depositary for the Offer, or the Trustee or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their 2024 Notes in the Offer.

This announcement is not an offer to purchase or sell, or a solicitation of an offer to purchase or sell any securities. The Offer is being made solely by the Offer to Purchase.  The Offer is not being made to holders of 2024 Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Peabody (NYSE: BTU) is a leading coal producer, providing essential products to fuel baseload electricity for emerging and developed countries and create the steel needed to build foundational infrastructure. Our commitment to sustainability underpins our activities today and helps to shape our strategy for the future. For further information, visit PeabodyEnergy.com.

Contact:

Alice Tharenos

314.342.7890   

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “projects,” “forecasts,” “targets,” “would,” “will,” “should,” “goal,” “could” or “may” or other similar expressions. Forward-looking statements provide management’s current expectations or predictions of future conditions, events or results. All statements that address operating performance, events, or developments that Peabody expects will occur in the future are forward-looking statements. They may also include estimates of sales targets, cost savings, capital expenditures, other expense items, actions relating to strategic initiatives, demand for the company’s products, liquidity, capital structure, market share, industry volume, other financial items, descriptions of management’s plans or objectives for future operations and descriptions of assumptions underlying any of the above. All forward-looking statements speak only as of the date they are made and reflect Peabody’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond Peabody’s control, including the ongoing impact of the COVID-19 pandemic and factors that are described in Peabody’s Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2020 and Peabody’s Quarterly Report on Form 10-Q for the three months ended March 31, 2021, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody’s website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

 

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SOURCE Peabody

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BP Prudhoe Bay Royalty Trust Announces Record Date and Payment Date for Distribution to Unitholders for the Second Quarter of 2021

BP Prudhoe Bay Royalty Trust Announces Record Date and Payment Date for Distribution to Unitholders for the Second Quarter of 2021

HOUSTON–(BUSINESS WIRE)–
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that unitholders will receive a dividend for the quarter ended June 30, 2021. The dividend information is as follows:

Ex-Dividend Date:

July 14, 2021

Record Date:

July 15, 2021

Payable Date:

July 20, 2021

 

Dividend Rate:

$0.0243678 per Unit*

*Actual average daily production for the quarter was 70,857 BBLS.

As provided in the Trust Agreement, the quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes. As discussed in Item 1A “RISK FACTORS”, of the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, on January 1, 2021, the “break-even” WTI price (the price at which all taxes and prescribed deductions are equal to the WTI price) for the Trust to receive a positive Per Barrel Royalty with respect to a particular day’s production was $60.72. The average daily closing WTI price was above the “break-even” point for the quarter, resulting in a quarterly payment with respect to the Royalty Interest of approximately $3.2 million to the Trust. In accordance with the Trust Agreement, the Trustee will pay all accrued expenses of the Trust, then distribute the excess, if any, of the cash received by the Trust over the Trust’s expenses, net of any additions to the cash reserve established for the payment of estimated liabilities before making a quarterly distribution to unit holders. After paying the Trust’s expenses accrued through June 30, 2021 and making an addition to the cash reserve of approximately $1.58 million, approximately $521,000 is available for distribution to unitholders. The amount added to the cash reserve takes into account that the Trust has not received any Royalty Payments attributable to 2020 or the first quarter of 2021 and therefore has been unable to make any additions to the cash reserve for the last five quarters, the increase in Trust administrative expenses and the expected expenses associated with the termination of the Trust. The Trustee continues to evaluate the adequacy of the cash reserve and may need to increase the amount of the cash reserve further in the future.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trustee. The actual results, performance and prospects of the Trust could differ materially from those expressed or implied by forward-looking statements. Descriptions of some of the risks that could affect the future performance of the Trust appear the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, the Trust’s subsequent Quarterly Reports on Form 10-Q, and the Trust’s other filings with the Securities and Exchange Commission. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov. Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.

Please feel free to contact Elaina Rodgers at The Bank of New York Mellon Trust Company, N.A. at 713-483-6020 with any questions.

The Bank of New York Mellon Trust Company, N.A.

Elaina Rodgers

713-483-6020

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

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Redbox Entertainment Acquires Exclusive Domestic Rights To Nick Cannon’s ‘SHE BALL’

The Multihyphenate Wrote, Directed, Produced and Stars in the Sports Comedy Available in Theaters and On Demand August 6

PR Newswire

LOS ANGELES, July 7, 2021 /PRNewswire/ — Redbox Entertainment has acquired the North American distribution rights to SHE BALL, a feature written, produced, and directed by Nick Cannon. The film will be released simultaneously in theaters and widely available On Demand including Redbox on August 6.

Redbox Entertainment is releasing “She Ball” directed by and staring Nick Cannon on August 6 in theaters and On Demand.

SHE BALL follows the love of basketball through the struggles of Avery Watts (Cannon), who enlists the help of a women’s streetball league to help him save the embattled Inglewood Community Center he manages, all while trying to raise his seven-year-old daughter.

The film stars Nick Cannon, Bryan ‘Birdman’ Williams, Chris Brown, Cedric the Entertainer, DC Young Fly, Evan Ross, Faizon Love, and Rebecca De Mornay. The movie also features athletes from the WNBA, Ball Up, and the Basketball Beauties League, including Melody Rae, and Jaliyah Manuel. K.D. Aubert, Luenell, and Marla Gibbs also star in the film.

“Nick Cannon, one of the most prolific Black voices in our industry, has created a feature that truly captures the spirit of our unique times with SHE BALL,” said Galen Smith, CEO of Redbox. “SHE BALL tackles the critical issues of race and justice facing our nation today in an enlightening and entertaining way.”

“Seeing this project come to life with my incredibly talented and committed team has been nothing but rewarding, powerful and, most importantly – fun!”, says SHE BALL’s writer, producer, director and star, Nick Cannon. “I believe this film conveys a strong message about the importance of aligning with today’s racial and social justice movements and fight for equality; while also taking us through a resonant example of someone in the community trying to make ends meet. I’m excited to partner with Galen and Redbox on this project to ensure the film reaches a wide audience who will hopefully enjoy taking the journey with Avery!”

SHE BALL is produced by Nick Cannon, Bryan ‘Birdman” Williams, Chris Brown, Roger Ubina, Demetrius Spencer and Benjamin Sumpter. Executive producers are Michael Goldman, and Robert H. Keetch.

SHE BALL is the latest in a string of acquisitions from Redbox that includes THE LAST SON (Sam Worthington), CAPONE (Tom Hardy), SHADOW IN THE CLOUD (Chloë Grace Moretz and Nick Robinson), SAS: RED NOTICE (Sam Heughan and Ruby Rose), and AMERICAN TRAITOR: THE TRUE STORY OF AXIS SALLY (Al Pacino and Meadow Williams). It also comes on the heels of Redbox’s venture with John Wick producer Basil Iwanyk, to form Asbury Park Pictures, which is programming a slate of high-concept action and thriller films over the next few years. The film is part of the “Redbox Original” slate of theatrical movies aimed at Redbox’s 40 MM U.S. customers.

Redbox has engaged Vertical Entertainment as its distribution partner for the feature. The deal was negotiated by Marc Danon, Head of Original Content for Redbox Entertainment. Nick Cannon is repped by David Gross and Jeff Klein at CAA.


About Redbox

Redbox is America’s leading destination for affordable new-release movies and entertainment with more ways to watch than any other home entertainment provider. Redbox delivers value and convenience through unparalleled choice across content, platforms, rental and purchase options, and price points. The company recently announced a definitive agreement to combine with Seaport Global Acquisition Corp. (Nasdaq: “SGAM,” “SGAMU,” and “SGAMW”), a publicly traded special purpose acquisition company. The transaction, which will result in Redbox becoming a publicly traded company, is expected to accelerate Redbox’s ongoing transformation to offer customers and partners a multi-product experience across physical and digital channels. The company’s expanding streaming offering includes digital rental and purchase as well as free live TV and free On Demand content, and complements Redbox’s nationwide footprint of more than 40,000 entertainment kiosks, conveniently located where consumers already shop.  Redbox Entertainment, a new content acquisition and production division, has further transformed Redbox into a multi-channel content provider.  For more information, visit redbox.com.  

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SOURCE Redbox

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Agrico Acquisition Corp. Announces Pricing of $125 Million Initial Public Offering

Houston, Texas , July 07, 2021 (GLOBE NEWSWIRE) — Agrico Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman and CEO Brent de Jong, today announced the pricing of its initial public offering of 12,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Nasdaq Capital Market (“NASDAQ”) under the ticker symbol “RICOU” beginning July 8, 2021. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on the NASDAQ under the symbols “RICO” and “RICOW,” respectively.

Maxim Group LLC is acting as sole book-running manager for the offering.

The Company has granted the underwriters a 45-day option to purchase up to 1,875,000 additional units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on July 12, 2021, subject to customary closing conditions.

A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 7, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3500, or by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Agrico Acquisition Corp.

Agrico Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While Agrico Acquisition Corp. will not limit its search for a target company to any particular business segment, it will concentrate its focus on targets in agriculture, horticulture, and aquaculture that aim to improve yield, efficiency or profitability in the production, processing, distribution, provision of capital, or consumption of outputs, inputs, data, technology or other services located in the Americas. For more information please visit www.agrico.co. The information contained on, or accessible through, the Company’s website is not incorporated by reference into this press release, and you should not consider it a part of this press release.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Agrico Acquisition Corp., including those set forth in the Risk Factors section of Agrico Acquisition Corp.’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Agrico Acquisition Corp. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
Information
:

Brent de Jong
Chief Executive Officer
Agrico Acquisition Corp.
(346) 800-5508
[email protected]



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First Industrial Realty Trust Closes $750 Million Unsecured Revolving Credit Facility and $200 Million Unsecured Term Loan

PR Newswire

CHICAGO, July 7, 2021 /PRNewswire/ — First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced it has closed a $750 million senior unsecured revolving credit facility. The facility amends and restates the Company’s previous revolving credit facility.

The new revolving credit facility matures on July 7, 2025, with two six-month extension options subject to certain conditions. The facility provides for interest-only payments initially at an interest rate of LIBOR plus 77.5 basis points based on the Company’s current consolidated leverage ratio and credit ratings, a 32.5 basis point improvement in its credit spread compared to the previous facility. The facility also provides for a facility fee of 15 basis points and includes an accordion feature that allows First Industrial to increase the aggregate revolving borrowing capacity to $1 billion, subject to certain conditions.

Wells Fargo Securities, LLC, BofA Securities, Inc., PNC Capital Markets LLC, Regions Capital Markets and U.S. Bank National Association were the Joint Lead Arrangers, with Wells Fargo Bank, National Association as Administrative Agent and Bank of America, N.A. and PNC Bank, National Association as Co-Syndication Agents. Others lenders include JPMorgan Chase Bank, N.A., Citibank, N.A., Royal Bank of Canada and Fifth Third Bank.

First Industrial also announced the refinancing of its $200 million unsecured term loan with a maturity date of July 7, 2026. The loan provides for interest-only payments initially at an interest rate of LIBOR plus 85 basis points based on the Company’s current consolidated leverage ratio and credit ratings, a 65 basis point improvement in its credit spread from the previous term loan.

Wells Fargo Securities, LLC, PNC Capital Markets LLC, Fifth Third Bank, National Association and Regions Capital Markets served as the Joint Lead Arrangers for the $200 million term loan, with Wells Fargo Bank, National Association as the Administrative Agent and PNC Bank, National Association as the Syndication Agent. U.S. Bank National Association also participated in the term loan.

Given the strength of the Company’s key credit metrics, initial pricing for both the senior unsecured revolving credit facility and the unsecured term loan is based on the BBB+/Baa1 credit ratings level, even though the Company’s current ratings are BBB/Baa2. This favorable pricing level will be maintained provided that the Company’s consolidated leverage ratio, as defined in the applicable agreements, remains less than 32.5%.

“Our new credit facility and term loan provide us with lower borrowing costs and greater term that support our long-term growth,” said Scott Musil, chief financial officer of First Industrial Realty Trust, Inc. “We thank our banking partners for their commitments and support.”


About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.4 million square feet of industrial space as of March 31, 2021. For more information, please visit us at www.firstindustrial.com.


Forward-Looking Information

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions and describe our future plans, strategies and expectations, and are generally identifiable by use of the words “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “project,” “seek,” “target,” “potential,” “focus,” “may,” “will,” “should” or similar words. Although we believe the expectations reflected in forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. Factors which could have a materially adverse effect on our operations and future prospects include, but are not limited to: changes in national, international, regional and local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) local economic conditions generally and real estate markets specifically; changes in legislation/regulation (including changes to laws governing the taxation of real estate investment trusts) and actions of regulatory authorities; the uncertainty and economic impact of pandemics, epidemics or other public health emergencies or fear of such events, such as the recent outbreak of coronavirus disease 2019 (COVID-19); our ability to qualify and maintain our status as a real estate investment trust; the availability and attractiveness of financing (including both public and private capital) and changes in interest rates; the availability and attractiveness of terms of additional debt repurchases; our ability to retain our credit agency ratings; our ability to comply with applicable financial covenants; our competitive environment; changes in supply, demand and valuation of industrial properties and land in our current and potential market areas; our ability to identify, acquire, develop and/or manage properties on favorable terms; our ability to dispose of properties on favorable terms; our ability to manage the integration of properties we acquire; potential liability relating to environmental matters; defaults on or non-renewal of leases by our tenants; decreased rental rates or increased vacancy rates; higher-than-expected real estate construction costs and delays in development or lease-up schedules; potential natural disasters and other potentially catastrophic events such as acts of war and/or terrorism; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; risks associated with our investments in joint ventures, including our lack of sole decision-making authority; and other risks and uncertainties described under the heading “Risk Factors” and elsewhere in our annual report on Form 10-K for the year ended December 31, 2020, as well as those risks and uncertainties discussed from time to time in our other Exchange Act reports and in our other public filings with the SEC. We caution you not to place undue reliance on forward-looking statements, which reflect our outlook only and speak only as of the date of this press release or the dates indicated in the statements. We assume no obligation to update or supplement forward-looking statements. For further information on these and other factors that could impact us and the statements contained herein, reference should be made to our filings with the SEC.

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SOURCE First Industrial Realty Trust, Inc.

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Arlington Asset Investment Corp. Announces Redemption of All Outstanding 6.625% Senior Notes due 2023

PR Newswire

MCLEAN, Va., July 7, 2021 /PRNewswire/ — Arlington Asset Investment Corp. (NYSE: AAIC) (the “Company”), today announced that it has issued a notice of redemption (the “Redemption”) for all $23,821,025 aggregate principal amount of its outstanding 6.625% Senior Notes due 2023 (CUSIP No. 041356 304) (the “Senior Notes”) on August 6, 2021 (the “Redemption Date”). The Senior Notes will be redeemed at a price equal to 100% of the principal amount of the Senior Notes, or $25 per $25 principal amount of the Senior Notes, plus unpaid interest accrued thereon to, but excluding, the Redemption Date.

Questions relating to the Redemption should be directed to the Depository Trust & Clearing Corporation at 1-888-382-2721.

About Arlington Asset Investment Corp.

The Company currently invests in mortgage-related and other assets and has elected to be taxed as a REIT.  The Company is headquartered in the Washington, D.C. metropolitan area. 

Cautionary Language Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995.  These include statements regarding redemption of the Senior Notes.  Forward-looking statements can be identified by forward-looking language, including words such as “believes,” “expects,” “anticipates,” “estimates,” “plans,” “continues,” “intends,” “should”, “may,” and similar expressions. Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections.  These risks also include those described in the Company’s most recent Annual Report on Form 10-K and any other documents filed by the Company with the Securities and Exchange Commission (the “SEC”) from time to time, which are available from the Company and from the SEC, and you should read and understand these risks when evaluating any forward-looking statement.  Readers of this press release are cautioned to consider these risks and uncertainties and not to place undue reliance on any forward-looking statements.  The Company does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.

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SOURCE Arlington Asset Investment Corp.

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Arlington Asset Investment Corp. Announces Pricing of Senior Notes Offering

PR Newswire

MCLEAN, Va., July 7, 2021 /PRNewswire/ — Arlington Asset Investment Corp. (NYSE: AAIC) (the “Company”) announced today that it has priced an underwritten registered public offering of $33.5 million aggregate principal amount of 6.000% Senior Notes due 2026 (the “Notes”). The Notes were priced at 100% of the principal amount and will mature on August 1, 2026.  The offering is subject to customary closing conditions and is expected to close on July 15, 2021. The Company has granted the underwriters a 30-day option to purchase up to an additional $5.0 million aggregate principal amount of the Notes solely to cover over-allotments, if any.

The Company expects to use the net proceeds of this offering to redeem all or a portion of its 6.625% Senior Notes due 2023 (the “2023 Notes”) and use any remaining net proceeds for general corporate purposes. This press release does not constitute a notice of redemption under the indenture governing the 2023 Notes.

Ladenburg Thalmann & Co. Inc. is acting as book-running manager of the offering and Compass Point Research & Trading, LLC and JonesTrading Institutional Services LLC are acting as co-managers of the offering.

The Notes will be offered under the Company’s existing shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission. The offering of these Notes will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the Securities and Exchange Commission. You may obtain copies of these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of these documents, when available, may be obtained by contacting Ladenburg Thalmann & Co. Inc. at the address below:

Ladenburg Thalmann & Co. Inc.
640 Fifth Avenue, 4th Floor
New York, New York 10019
telephone: 1-800-573-2541
email: [email protected]  

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About the Company

The Company currently invests in mortgage-related and other assets and has elected to be taxed as a REIT.  The Company is headquartered in the Washington, D.C. metropolitan area. 

Cautionary Notice Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995.  For example, the fact that the offering has priced may imply that the offering will close, but the closing is subject to conditions customary in transactions of this type and may be delayed or may not occur at all. No assurance can be given that the offering discussed above will be completed on the terms described or at all or that the net proceeds of this offering will be used as described. Forward-looking statements can be identified by forward-looking language, including words such as “believes,” “expects,” “anticipates,” “estimates,” “plans,” “continues,” “intends,” “should”, “may,” and similar expressions. Due to known and unknown risks, including the risk that the assumptions on which the forward-looking statements are based prove to be inaccurate, actual results may differ materially from expectations or projections.  These risks also include those described in the Company’s most recent Annual Report on Form 10-K and any other documents filed by the Company with the Securities and Exchange Commission from time to time, which are available from the Company and from the Securities and Exchange Commission, and you should read and understand these risks when evaluating any forward-looking statement.  Readers of this press release are cautioned to consider these risks and uncertainties and not to place undue reliance on any forward-looking statements.  The Company does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to matters discussed in this press release, except as may be required by applicable securities laws.

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SOURCE Arlington Asset Investment Corp.

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Media Advisory – Ritchie Bros. To Host Second Quarter 2021 Results Earnings Conference Call on August 06, 2021

PR Newswire

VANCOUVER, BC, July 7, 2021 /PRNewswire/ – Ritchie Bros. (NYSE: RBA) (TSX: RBA) the world’s largest industrial auctioneer and a leading equipment distributor, invites interested parties to participate in its Second quarter 2021 earnings conference call, occurring on Friday, August 6, 2021 at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time / 4:00 p.m. BST. During the call, company executives will discuss Ritchie Bros.’ earning results and answer questions from analysts and institutional investors. The Company’s Second quarter 2021 earnings results will be released after NYSE and TSX markets close the day prior, on August 5, 2021.

Analysts and institutional investors may participate via conference call, using the following dial-in information:

1-888-231-8191 (toll-free North America)
2039662922 (toll-free UK)
1-647-427-7450 (Toronto & overseas long-distance)

Please ask to participate in Ritchie Bros.’ Second quarter 2021 earnings call, and quote conference ID 8372616 if prompted.

Media and other interested parties may listen to the conference call via webcast, by selecting the Second quarter 2021 earnings call webcast link at https://investor.ritchiebros.com.

Please note that there will be presentation slides accompanying the earnings call. The slides will be displayed live on the webcast, and will be available to download via the webcast player or at https://investor.ritchiebros.com/events-and-presentations the morning of the call.

A replay of the conference call can be accessed after 2:00 pm Eastern time / 11:00 am Pacific time / 7:00 pm BST until September 6, 2021 at 416-849-0833 or 1-855-859-2056 (using passcode 8372616).


About Ritchie Bros.:

Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros.Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The Company’s suite of solutions also include Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provide a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie Bros. also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. FinancialServices. For more information about Ritchie Bros., visit RitchieBros.com.

Cision View original content:https://www.prnewswire.com/news-releases/media-advisory—ritchie-bros-to-host-second-quarter-2021-results-earnings-conference-call-on-august-06-2021-301327283.html

SOURCE Ritchie Bros. Auctioneers

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Asbury Automotive Group Schedules Release of Second Quarter 2021 Financial Results

Asbury Automotive Group Schedules Release of Second Quarter 2021 Financial Results

DULUTH, Ga.–(BUSINESS WIRE)–
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 27, 2021. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.

The conference call will be simulcast live on the internet and can be accessed by logging onto www.asburyauto.com/company/investor-relations. A replay will be available on this site for 30 days.

In addition, live audio of the call will be accessible to the public by calling (800) 353-6461 (domestic), or (334) 323-0501 (international); passcode – 6678848. Callers should dial in approximately 5 to 10 minutes before the call begins.

A conference call replay will be available two hours following the call for seven days and can be accessed by calling (888) 203-1112 (domestic), or (719) 457-0820 (international); passcode – 6678848.

About Asbury Automotive Group

Asbury Automotive Group, Inc. (“Asbury”), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates 25 collision repair centers. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts.

Investors and Reporters May Contact:

Karen Reid

VP & Treasurer

(770) 418-8211

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Fleet Management Aftermarket Automotive Specialty Other Automotive General Automotive Performance & Special Interest Retail

MEDIA:

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Banc of California Announces Schedule of Second Quarter 2021 Earnings Release and Conference Call

Banc of California Announces Schedule of Second Quarter 2021 Earnings Release and Conference Call

SANTA ANA, Calif.–(BUSINESS WIRE)–Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 second quarter financial results on Thursday, July 22, 2021. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day.

Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7494802. A live audio webcast will also be available on the Webcasts page of the Company’s investor relations website. The slide presentation for the call will also be available on the Company’s investor relations website prior to the call. An audio archive of the conference call will be available on the Company’s investor relations website within 24 hours after the end of the call.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with approximately $7.9 billion in assets and one wholly-owned banking subsidiary, Banc of California, N.A. (the “Bank”). The Bank has 36 offices including 30 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.

Investor Relations Inquiries:

Banc of California, Inc.

(855) 361-2262

Jared Wolff, (949) 385-8700

Lynn Hopkins, (949) 265-6599

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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