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BABA CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

BABA CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ciccarello v. Alibaba Group Holding Limited, et al., (Case No. 1:20-cv-09568) onbehalf of persons and entities that purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA) securities between October 21, 2020 and November 3, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action.

If you suffered a loss on your Alibaba investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/alibaba-group-holding-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] or visit our website at www.glancylaw.com to learn more about your rights.

Alibaba is an online and mobile commerce company. Alibaba owns a 33% equity interest in Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Group”), a financial technology company that is best known for operating Alipay, one of the largest mobile and online payments platforms.

On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering (“IPO”) on the Shanghai and Hong Kong stock exchanges.

On October 26, 2020, Ant Group priced its IPO and was set to raise $34.5 billion, making it the largest public offering in history.

On November 2, 2020, Financial Times reported that Chinese regulators had met with Ant Group’s controller Jack Ma, executive chairman Eric Jing, Chief Executive Officer Simon Hu. The article stated that, though regulators did not provide details, “the Chinese word used to describe the interview – yuetan – generally indicates a dressing down by authorities.” The article also included a statement from Ant Group that it will “implement the meeting opinions in depth.”

On November 3, 2020, the IPO was suspended because Ant Group “may not meet listing qualifications or disclosure requirements due to material matters” related to the meeting with regulators the previous day and “the recent changes in the Fintech regulatory environment.”

On this news, the Company’s share price fell $25.27, or 8%, to close at $285.57 per share on November 3, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired Alibaba’s securities during the Class Period, you may move the Court no later than 60 days from the date of this notice toask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.  

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

www.glancylaw.com

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

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Maiden Holdings, Ltd. Releases Third Quarter 2020 Earnings

Maiden Holdings, Ltd. Releases Third Quarter 2020 Earnings

HAMILTON, Bermuda–(BUSINESS WIRE)–
Maiden Holdings, Ltd. (NASDAQ:MHLD) has released its third quarter 2020 financial results via its investor relations website at https://www.maiden.bm/investor_relations.

About Maiden Holdings, Ltd.

Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007.

Sard Verbinnen & Co.

[email protected]

KEYWORDS: Bermuda Caribbean

INDUSTRY KEYWORDS: Professional Services Insurance Finance

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Palo Alto Networks Positioned as a Leader in Gartner Magic Quadrant for Network Firewalls for the Ninth Consecutive Time

Positioned as Both Furthest in Completeness of Vision and Highest in Ability to Execute

PR Newswire

SANTA CLARA, Calif., Nov. 13, 2020 /PRNewswire/ — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced that the company has been positioned in the Leaders quadrant of the Magic Quadrant® for Network Firewalls report by Gartner Inc. It was positioned furthest to the right for completeness of vision and highest for ability to execute among the 17 vendors evaluated. This marks the ninth consecutive time that Palo Alto Networks has been named a Leader in the report.

The Magic Quadrant for Network Firewalls evaluates vendors’ ability to execute as well as the completeness of their vision. Palo Alto Networks’ continuing commitment to innovation and customer success has again helped the company earn the Leader position.

“We’re honored that Gartner has recognized us as a Leader in nine consecutive Gartner Magic Quadrant for Network Firewalls reports,” said Anand Oswal, senior vice president and general manager at Palo Alto Networks. “We have continued to innovate over the past year to deliver a unique approach to cybersecurity. With the industry’s first ML-Powered Next-Generation Firewall and the 70+ new capabilities in PAN-OS 10.0 that we recently introduced, we leverage machine learning to proactively stop unknown threats, secure IoT devices and reduce errors with automatic policy recommendations.”

To learn more about the Palo Alto Networks Next-Generation Firewall platform, visit:
https://www.paloaltonetworks.com/products/secure-the-network/next-generation-firewall

To learn more about Palo Alto Networks’ recognition in the 2020 Gartner Magic Quadrant for Network Firewalls, please visit:
https://blog.paloaltonetworks.com/2020/11/netsec-gartner-magic-quadrant-leader-2020/

To read a complimentary copy of the 2020 Gartner Magic Quadrant for Network Firewalls, please visit:
https://start.paloaltonetworks.com/2020-gartner-mq-for-firewalls.html?utm_medium=pr&sfdcid=7014u000001Z8CVAA0 

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world’s greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

 

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SOURCE Palo Alto Networks, Inc.

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Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-740

MCLEAN, Va., Nov. 13, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $1.1 billion in K-740 Certificates, which are expected to settle on or about November 20, 2020.

K-
740
Pricing

Class Principal/Notional
Amount (mm) 		Weighted
Average Life
(Years) 		Spread
(bps) 		Coupon Yield Dollar Price
A-1 $59.300 4.11 S+17 0.5940% 0.5858% $99.9965
A-2 $990.091 6.80 S+31 1.4700% 1.0009% $102.9980
A-M $139.811 6.92 S+36 1.0700% 1.0626% $99.9938
X1 $1,049.391 6.40 T+155 0.7612% 2.1146% $4.5831
XAM $139.811 6.67 T+135 1.1117% 1.9480% $7.0655
X3 $96.423 6.68 T+350 2.4817% 4.0989% $14.5083

Details

  • Co-Lead Managers and Joint Bookrunners: Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC
  • Co-Managers: BMO Capital Markets Corp., BofA Securities, Inc., J.P. Morgan Securities LLC and Multi-Bank Securities, Inc.
  • Rating Agencies: Moody’s Investors Service, Inc. and Kroll Bond Rating Agency, LLC

Related Links

The K-740 Certificates are backed by corresponding classes issued by the FREMF 2020-K740 Mortgage Trust (K-740 Trust) and guaranteed by Freddie Mac. The K-740 Trust will also issue certificates consisting of Class X2-A, Class X2-B, Class D and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-740 Certificates.

Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.

This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (SEC) on February 13, 2020; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2019, excluding any information “furnished” to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information “furnished” to the SEC on Form 8-K.

Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2019, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company’s Web site at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information.

The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT:
Mike Morosi

703
–
918-5851

Michael_Morosi
@FreddieMac.com

INVESTOR CONTACT
S
:
Robert Koontz

571-382-4082

Amanda
Nunnink

312
–
407-7510



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/C O R R E C T I O N — Globant/

PR Newswire

In the news release, Globant Launches New Sustainable Business Studio to Help Organizations Thrive in the New Green Economy, issued 13-Nov-2020 by Globant over PR Newswire, we are advised by the company that the third paragraph has been replaced. The complete, corrected release follows:

Globant Launches New Sustainable Business Studio to Help Organizations Thrive in the New Green Economy

The new Studio operates at the intersection of digital technology and sustainability to arm organizations with the tools and processes for building climate roadmaps and sustainability preparedness

SAN FRANCISCO, Nov. 13, 2020 /PRNewswire/ — Globant (NYSE: GLOB), a digitally-native technology services company, today announced the launch of the Sustainable Business Studio to help its clients create business legitimacy in today’s new green economy. The Sustainable Business Studio operates at the intersection of digital technology and sustainability – focusing on bringing together new know-how, expertise and competence for Globant clients. It will provide organizations and stakeholders with the tools to support climate action and perform as responsible businesses.

“As we evolve our organization, we believe that we have a commitment to helping our clients reinvent themselves. For a long time, the concept of sustainability has focused mostly on environmental issues, but we believe that global sustainable development should take into consideration a holistic approach where people, profit and planet are interconnected. This calls for a new methodology, one that we will be addressing with the new Sustainable Business Studio,” said Martín Migoya, Globant CEO and co-founder. 

To lead this Studio, Globant has appointed Elena Morettini, a geologist with a PhD in Isotope Geochemistry and a long lasting background in RD&D in the energy industry, ready to face the challenge of the convergent journey between digitalization and sustainability. 

“We are entering the so-called decade of action to urgently cope with climate change, meaning we need to readjust and rethink mindsets and practices in favor of business legitimacy,” said Elena Morettini, Director of Globant’s Sustainable Business Studio. “We need a new code of conduct for each and every business that’s based on climate change awareness, transparency and sustainable strategies in respect to people and planet.”

The Sustainable Business Studio’s practices include:

  • E-missions – Provides technical expertise, digital tools and fundamental organizational-wide changes to support clients on a path to certifying carbon neutrality.
  • Sustainability today – Fosters cultural transformation and maturity through collaborative practices that honor sustainability, diversity, and inclusion. It includes consulting and training for senior executives and organizational-wide training programs to promote the essential cultural change.
  • Up with climate – Globant offers an analysis of climate material risks and opportunities.  The Studio produces diagnosis and reports on environmental, social, and corporate governance (ESG), and climate due diligence.

To learn more about  Sustainable Business Studio, visit our website.

About Globant:
We are a digitally native company where innovation, design and engineering meet scale. We use the latest technologies in the digital and cognitive field to transform organizations in every aspect.

  • We have more than 14,300 employees and we are present in 16 countries working for companies like Google, Rockwell Automation, Electronic Arts and Santander, among others.
  • We were named a Worldwide Leader in CX Improvement Services by IDC’s MarketScape report.
  • We were also featured as a business case study at Harvard, MIT, and Stanford.
  • We are a member of the Cybersecurity Tech Accord.

For more information, visit www.globant.com.

CONTACT: [email protected]

 

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SOURCE Globant

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CMS Energy’s Utility Subsidiary, Consumers Energy, Declares Quarterly Dividend on Preferred Stock

PR Newswire

JACKSON, Mich., Nov. 13, 2020 /PRNewswire/ — The Board of Directors of Consumers Energy, the principal subsidiary of CMS Energy, has declared a quarterly dividend on the utility’s preferred stock. 

The following dividend is payable Jan. 1, 2021, to shareholders of record at the close of business on Dec. 7, 2020: $1.125 per share on the $4.50 preferred stock (NYSE: CMS_pb).

CMS Energy (NYSE: CMS) is a Michigan-based company that has an electric and natural gas utility, Consumers Energy, as its primary business. It also owns and operates independent power generation businesses.

For more information on CMS Energy, please visit our website at

cmsenergy.com

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SOURCE CMS Energy

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CBL Properties Schedules Third Quarter 2020 Earnings Release

CBL Properties Schedules Third Quarter 2020 Earnings Release

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–
CBL Properties (OTCMKTS:CBLAQ) today announced that the Company plans to issue its report of earnings for the third quarter 2020 before the market opens on Tuesday, November 17, 2020. The Company will not hold a conference call to discuss third quarter results.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s portfolio is comprised of 107 properties totaling 66.7 million square feet across 26 states, including 65 high‑quality enclosed, outlet and open-air retail centers and 8 properties managed for third parties. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information, visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Investment Officer, 423.490.8301, [email protected]

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property

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HEINZ Makes On-Premise Dining Safer With First 100% Touchless KEYSTONE® Automatic Dispenser

HEINZ Makes On-Premise Dining Safer With First 100% Touchless KEYSTONE® Automatic Dispenser

North America pilot program underway for national foodservice debut in February 2021

PITTSBURGH & CHICAGO–(BUSINESS WIRE)–
For more than 150 years, HEINZ, the maker of America’s Favorite Ketchup® and beloved condiments, has taken a consumer-first approach to delivering delicious products at the standard of quality HEINZ consumers expect. Now, as the restaurant and foodservice industry is hit hard by COVID-19, and as consumers opt for drive-thrus, takeout and delivery, HEINZ is helping to restore consumer confidence in dining on-premise with the debut of the HEINZ KEYSTONE® Automatic Dispenser. Made with motion sensor technology, this innovative dispenser offers a 100% touchless condiment serving experience designed to eliminate shared touch points.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201113005678/en/

HEINZ KEYSTONE® Automatic Dispenser (Photo: Business Wire)

HEINZ KEYSTONE® Automatic Dispenser (Photo: Business Wire)

“As a partner to the foodservice industry, we wanted to do our part to develop a long-term, hands-free solution for operators, and we’re pleased to report that 94%* of consumers said they’d feel safe using this HEINZ KEYSTONE® Automatic Dispenserwhen dining out,” said Molly Scott, director of category marketing, foodservice, Kraft Heinz. “We hope to see our innovative condiment technology leveraged by restaurants, as well as sports stadiums, amusement parks, movie theaters and concert venues next year.”

HEINZ KEYSTONE® Automatic Dispenser: 100% HEINZ Taste. 100% Touchless.

The HEINZ KEYSTONE® Automatic Dispenserholds 1.5 gallons of HEINZ Ketchup — or any other food service condiment offered by HEINZ, including Mustard, Mayo, Ranch and more. Consumers can simply wave their hand above the dispenser to enjoy the great taste of HEINZ. Each touchless use delivers a pre-portioned 0.5-ounce serving to allow for more effective coverage on food, like a favorite burger or fries.

The 100% touchless HEINZ KEYSTONE® Automatic Dispenser is piloting at several U.S. restaurants, college campuses and movie theaters this November with the goal of expanding to other event spaces once available for purchase by foodservice establishments in February 2021.

Consumers can follow along on Twitter or visit HEINZ.com to learn more about HEINZ condiment innovation.

*SUZY Custom Research, KRAFT HEINZ, August 2020

ABOUT THE KRAFT HEINZ COMPANY

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2019 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

Lynne Galia

Kraft Heinz

[email protected]

Rachel Cooper

ICF Next

[email protected]

KEYWORDS: United States North America Illinois Pennsylvania

INDUSTRY KEYWORDS: Food/Beverage Retail

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HEINZ KEYSTONE® Automatic Dispenser (Photo: Business Wire)
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Enbridge Confirms Line 5 is Safe; No Credible Basis for Terminating 1953 Easement in the Straits of Mackinac

PR Newswire

CALGARY, AB and LANSING, Mich., Nov. 13, 2020 /PRNewswire/ – Enbridge remains confident that Line 5 continues to operate safely and that there is no credible basis for terminating the 1953 Easement allowing the Dual Line 5 Pipelines to cross the Straits of Mackinac. 

Enbridge received a notice from the Governor’s chief legal counsel this afternoon and is reviewing the document.

“This notice and the report from Michigan Department of Natural Resources are a distraction from the fundamental facts,” said Vern Yu, Executive Vice President and President, Liquids Pipelines. “Line 5 remains safe, as envisioned by the 1953 Easement, and as recently validated by our federal safety regulator.”

“We will continue to focus on the safe operation of the dual Line 5 pipelines at the Straits of Mackinac, ensuring the Great Lakes are protected while also reliably delivering the energy that helps to fuel Michigan’s and the region’s economy,” Yu continued.

In developing its report, the Michigan Department of Natural Resources (DNR) chose to conduct its assessment of Easement compliance in a non-public manner. The DNR rejected Enbridge’s offer to allow technical experts to discuss any questions or clarifications related to its review. This failure to engage reflects a lack of understanding or worse, a continued failure to meet the State’s commitments under the 2018 Second Agreement between the State of Michigan and Enbridge, which contemplates periodic meetings on pipeline issues to avoid just this kind of situation.

With today’s actions by the Governor and Attorney General based on historical Line 5 compliance, Enbridge finally will have an opportunity to review the DNR’s analysis and provide a thorough response through the legal process.    

Line 5 is an essential source of energy for not only Michigan but for the entire region including Wisconsin, Indiana, Ohio, Pennsylvania, Ontario, and Quebec. Any disruption would have devastating consequences.

Our focus remains on protecting the Great Lakes, the environment and all the people who use these waters while delivering energy that people rely on daily. Enbridge’s Line 5 has served Michiganders safely without incident at the Straits crossing for more than 65 years, over nine different State Administrations. We remain committed to advancing The Great Lakes Tunnel that will contain a new section of pipeline to replace the Dual Pipelines. Enbridge is currently seeking permit approval for the tunnel project and replacement pipeline which, upon completion, will make a safe Straits crossing even safer.


Forward Looking Information

Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge Inc. (“Enbridge” or the “Company”) and its subsidiaries and affiliates, including management’s assessment of Enbridge and its subsidiaries’ future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as ”anticipate”, ”expect”, ”project”, ”estimate”, ”forecast”, ”plan”, ”intend”, ”target”, ”believe”, “likely” and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements in this news release include statements with respect to the Line 5 dual pipelines, including the safe operations thereof, litigation and anticipated impact of any disruption to Line 5 operations.  This news release also contains forward-looking information about the tunnel project permitting process.

Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for the Company’s services. Similarly, the COVID-19 pandemic, exchange rates, inflation and interest rates impact the economies and business environments in which the Company operates and may impact levels of demand for the Company’s services and cost of inputs and are therefore inherent in all forward-looking statements. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty. The most relevant assumptions associated with forward-looking statements in this news release with regards to the Line 5 dual pipelines include the impact of government and regulatory actions, approvals and litigation on ongoing and future operations. 

Enbridge’s forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company’s other filings with Canadian and United States securities regulators. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge’s future course of action depends on management’s assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on the Company’s behalf, are expressly qualified in their entirety by these cautionary statements.


About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. The Company’s common shares trade on and stock exchanges under the symbol ENB. For more information, visit the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com

FOR FURTHER INFORMATION PLEASECONTACT:

Media

Ryan Duffy Toll Free: (888) 992-0997
Email: [email protected]

Investment Community

Jonathan Morgan Toll Free: (800) 481-2804
Email: [email protected]

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SOURCE Enbridge Inc.

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Revlon Announces Closing of 5.75% Senior Notes Exchange Offer

Revlon Announces Closing of 5.75% Senior Notes Exchange Offer

NEW YORK–(BUSINESS WIRE)–
Revlon, Inc. (NYSE: REV) announced today the closing of its previously-announced exchange offer and consent solicitation (the “Exchange Offer and Consent Solicitation”) by Revlon Consumer Products Corporation, its direct wholly-owned operating subsidiary (the “Company”) that was made pursuant to the amended and restated offering memorandum and consent solicitation statement (the “Offering Memorandum”), dated October 23, 2020. In the Exchange Offer, the Company offered to exchange any and all its 5.75% Senior Notes due 2021 (the “Notes”) issued pursuant to that certain indenture, dated February 8, 2013, by and among the Company, the guarantor parties thereto and U.S. Bank, National Association, as trustee (as amended, supplemented or modified, the “Indenture”) for (i) the cash consideration or (ii) the Mixed Consideration, in each case as described in the Offering Memorandum.

In closing the Exchange Offer, the Company accepted for exchange $236 million in aggregate principal amount of the Notes and provided to the holders of those Notes the consideration specified in the Offering Memorandum.

In connection with the closing, the Company gave irrevocable notice under the Indenture that it is optionally redeeming, on December 14, 2020, the remaining $106.8 million in aggregate principal amount of the Notes that did not tender into the Exchange Offer at a price equal to 100% of their aggregate principal amount, together with interest accrued on such Notes to, but excluding, the date of redemption, in accordance with the terms of the Indenture. As a result of such notice and the irrevocable deposit of funds with the Indenture trustee sufficient to effect such redemption, the Notes and the Indenture were discharged in full, effective as of November 13, 2020.

About Revlon

Revlon has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage and celebrity fragrances. Today, Revlon’s diversified portfolio of brands is sold in approximately 150 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Revlon is among the leading global beauty companies, with some of the world’s most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.

Forward-Looking Statements

Statements made in this press release, which are not historical facts, are forward-looking and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to publicly update any forward-looking statement, whether to reflect actual results of operations; changes in financial condition; changes in general U.S. or international economic or industry conditions and/or conditions in the Company’s reportable segments; changes in estimates, expectations or assumptions; or other circumstances, conditions, developments and/or events arising after the issuance of this press release, except for the Company’s ongoing obligations under the U.S. federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on preliminary or potentially inaccurate estimates and assumptions that could cause actual results to differ materially from those expected or implied by the estimated financial information. Such forward-looking statements include, among other things, the Company’s expectations regarding future liquidity, cash flows, mandatory debt payments and other expenditures. Actual results may differ materially from the Company’s forward-looking statements for a number of reasons, including as a result of the risks and other items described in Revlon’s filings with the SEC, including, without limitation, in Revlon’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and amendments thereto, if any, filed with the SEC during 2019 and 2020 (which may be viewed on the SEC’s website at http://www.sec.gov or on Revlon, Inc.’s website at http://www.revloninc.com). Factors other than those referred to above, such as continuing adverse impacts from the ongoing and prolonged COVID-19 pandemic, could also cause Revlon’s results to differ materially from expected results. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Revlon’s website or other websites referenced herein shall not be incorporated by reference into this press release.

Media:

Sloane & Company

Dan Zacchei / Joe Germani

[email protected] / [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Cosmetics Retail Online Retail Fashion

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