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LEGACY ACQUISITION CORP. ANNOUNCES PRELIMINARY RESULTS OF CASH TENDER OFFER FOR ITS CLASS A COMMON STOCK

New York, NY, Nov. 19, 2020 (GLOBE NEWSWIRE) — Legacy Acquisition Corp. (NYSE: “LGC”) (“Legacy”), a publicly-traded Special Purpose Acquisition Company, announced today the preliminary results of its previously announced tender offer to purchase up to all 6,122,699 issued and outstanding shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), that were initially issued as part of units in Legacy’s initial public offering (such shares of Class A Common Stock, the “Public Shares”), at a purchase price of $10.5040 per Public Share, net to the seller in cash, without interest (the “Tender Offer”). The Tender Offer was made in connection with the previously announced business combination (the “Business Combination”) with Onyx Enterprises Int’l, Corp., a New Jersey corporation (“Onyx”), pursuant to the Business Combination Agreement (the “Business Combination Agreement”), dated September 18, 2020, by and among Legacy, Excel Merger Sub I, Inc., Excel Merger Sub II, LLC, Onyx and Shareholder Representative Services LLC.

The Tender Offer expired at 12:01 a.m. New York City time, on Thursday, November 19, 2020 (the “Expiration Time”). As of the Expiration Time, 5,153,781 or 84.1750% of the outstanding Public Shares had been validly tendered and not withdrawn in the Tender Offer. Legacy will accept for purchase all of the Public Shares validly tendered and delivered in the Tender Offer at or prior to the Expiration Time. However, certain holders have indicated an interest in withdrawing a number of their validly tendered Public Shares and Legacy intends to allow for any such withdrawals. Total consideration of $54,135,315.62 (as may be subsequently adjusted to account for such withdrawals) will be paid to the tendering Public Shares holders promptly following the closing of the Business Combination.

About Legacy Acquisition Corp.

Legacy raised $300 million in November 2017 and its securities are listed on the New York Stock Exchange (“NYSE”). At the time of its listing, Legacy was the only Special Purpose Acquisition Company on the NYSE led predominantly by African American managers and sponsor investors. Legacy was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more target businesses. Legacy is sponsored by a team of proven leaders primarily comprised of former Procter & Gamble executives and is supported by a founder/shareholder group of proven operationally based value builders. These executives have extensive experience in building brands and transforming businesses for accelerated growth. Legacy’s founders and management expectation is that Legacy will serve as a role model for African Americans and other under-represented business leaders to achieve success not just in the executive ranks of large Corporations, but also as entrepreneurs in the productive use of capital through mergers and acquisitions on Wall Street. For more information please visit www.LegacyAcquisition.com.

Forward-Looking Statements

This press release contains certain forward-looking statements, including the statements regarding Legacy’s intention to allow withdrawals. Legacy’s and Onyx’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “propose,” “plan,” “contemplate,” “may,” “will,” “might,” “shall,” “would,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “positioned,” “goal,” “conditional,” “opportunities” and similar expressions are intended to identify such forward-looking statements. 

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Legacy’s and Onyx’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement, (2) the outcome of any legal proceedings that may be instituted against Legacy and other transaction parties following the announcement of the Business Combination Agreement and the transactions contemplated therein; (3) the inability to complete the proposed Business Combination, including due to the inability to satisfy conditions to closing in the Business Combination Agreement; (4) the occurrence of any event, change or other circumstance that could otherwise cause the Business Combination to fail to close; (5) the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the proposed Business Combination; (6) the inability to obtain or maintain the listing of the post-acquisition company’s Class A common stock on the NYSE (or such other nationally recognized stock exchange on which shares of the post-acquisition company’s Class A common stock are then listed) following the proposed Business Combination; (7) the risk that the proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation of the proposed Business Combination; (8) the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to operate cohesively as a standalone group, grow and manage growth profitably and retain its key employees; (9) costs related to the proposed Business Combination; (10) changes in applicable laws or regulations; (11) the possibility that Onyx or the combined company may be adversely affected by other economic, business, and/or competitive factors; (12) the aggregate number of Legacy shares tendered in the tender offer by the holders of Legacy’s Class A common stock in connection with the proposed Business Combination; (13) disruptions in the economy or business operations of Onyx or its suppliers due to the impact of COVID-19; (14) the outcome of pending legal proceedings with certain Onyx stockholders; (15) potential adjustments to the unaudited non-GAAP interim financial results of Onyx; and (16) other risks and uncertainties indicated from time to time in the information statement relating to the proposed Business Combination, including those under “Risk Factors” therein, and in Legacy’s other filings with the SEC, including the Definitive Information Statement on Schedule 14C and the Schedule TO that were filed with the SEC in connection with the Business Combination. Legacy cautions that the foregoing list of factors is not exclusive. Legacy cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Legacy does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Legacy/Investors:

Dawn Francfort / Brendon Frey
ICR
[email protected]

Media:

Keil Decker
ICR
[email protected]



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Trilogy Metals Announces the 2021 Program and Budgets for the Upper Kobuk Mineral Projects and the New Leadership Team for the Joint Venture

PR Newswire

VANCOUVER, BC, Nov. 19, 2020 /PRNewswire/ – Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy” or the “Company”) is pleased to announce that Ambler Metals LLC (“Ambler Metals”), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (“South32”) has recently approved the 2021 program and budget of approximately $27 million for the advancement of the Upper Kobuk Mineral Projects (“UKMP”) located in Northwestern Alaska. The budget is 100% funded by Ambler Metals and is expected to be confirmed by the NANA Oversight committee on December 3, 2020. Trilogy is also pleased to introduce the new leadership team for the joint venture. All amounts are in US dollars.

Highlights of the 2021 Program

  • Approximately $27 million budget fully funded by Ambler Metals
  • 7,600 meters of infill and metallurgical drilling at the Arctic Project
  • 7,000 meters of exploration drilling focused on drill-ready targets along the Ambler Volcanogenic Massive Sulphide (“VMS”) Belt
  • Engineering activities focused on getting the Arctic Project ready for permitting
  • Permitting efforts focused on submission of the Federal 404 permit application in the second half of 2021
  • Program will be managed by an experienced leadership team

Arctic Project

Activities at the Arctic Project will focus on an additional 7,600 meters of drilling which will have the dual purpose of extracting additional material for metallurgical work and for the conversion of mineral resources into the measured category. The metallurgical program that is associated with this drilling will support variability test work and pilot plant work which will commence later in 2021.

Engineering work is continuing at Arctic with the aim of submitting the application for the Notice of Intent for the 404 Dredge and Fill Permit, which is covered by the Clean Water Act, to the United States Army Corps of Engineers. The Company expects Ambler Metals will submit the permit applications during the second half of 2021.

Exploration

Following up from the 2019 work performed along the 70-mile (100 kilometer) Ambler VMS belt, Ambler Metals will continue exploration efforts along the belt to discover and define additional deposits that may provide feed to a future Arctic mill. Ambler Metals plans to conduct a 7,000-meter regional exploration drill campaign at the Sunshine prospect and at other drill-ready targets.  The drill program is expected to commence in mid-July and finish before the end of September.  The drilling will be preceded by detailed geologic mapping, geochemical soil sampling, and ground geophysics.

COVID Safety Measures

During the 2021 field season, Ambler Metals will be adhering to a strict COVID safety protocol regime which includes limited personnel rotations, offsite and onsite testing, stringent sanitation and disinfection procedures and contact tracing. These protocols will be followed throughout the summer field season in strict observance to Government of Alaska guidelines. 

Ambler Metals Joint Venture and Leadership Team

On February 11, 2020, the Ambler Metals joint venture was formed. Trilogy contributed all its assets associated with the 172,675-hectare UKMP, including the Arctic and Bornite projects, while South32 contributed US$145 million, resulting in each party owning a 50% interest in Ambler Metals. The funds are dedicated to advancing the Arctic and Bornite projects, along with exploration in the Ambler mining district.

The permanent management team at Ambler Metals have been hired and are all now based in Alaska. The joint venture company is led by President and Chief Executive Officer, Ramzi Fawaz, Vice President Operations, Kevin Torpy and Vice President Finance, Rebecca Donald. The management profiles of the Ambler Metals executive team can be found at https://amblermetals.com/management/. In addition to the appointment of the leadership team at Ambler Metals, the Trilogy technical team has now transitioned over to the entity.

Tony Giardini, President and CEO of Trilogy, commented, “I am extremely excited that the Ambler Metals joint venture has attracted experienced talent to advance the world class Arctic project to the next level. This starts with formalizing the budget for the 2021 program at the UKMP. The proposed budget is expected to have a twofold positive impact for the Company in that we will continue to de-risk the Arctic Project and we will also move forward in unlocking the mineral potential within the 100-kilometer-long VMS Mineral Belt as well as around the Bornite copper-cobalt deposit. I am also pleased in that Ambler Metals is making positive progress towards the commencement of permitting of the Arctic Project.”

Qualified Persons

Richard Gosse, Vice President Exploration for Trilogy, is a Qualified Person as defined by National Instrument 43-101. Mr. Gosse has reviewed the scientific and technical information in this news release and approves the disclosure contained herein.

About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects (“UKMP”) in northwestern Alaska. On December 19, 2019, South32, which is a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler mining district – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within land package that spans approximately 172,636 hectares. The Company has an agreement with NANA Regional Corporation, Inc., a Regional Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler mining district in cooperation with local communities. Our vision is to develop the Ambler mining district into a premier North American copper producer.


Cautionary Note Regarding Forward-Looking Statements

This
press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the planned expenditures and the anticipated drilling, survey and other activity at the Company’s properties and the timing and objectives thereof, the timing of submission and granting of permits, the Company’s ability to de-risk the Arctic Project and unlock the mineral potential of the VMS Mineral Belt and the anticipated benefits of the permanent management team at Ambler Metals are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the uncertainties involving success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company’s Annual Report on Form 10-K for the year ended November 30, 2019 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company’s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.

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SOURCE Trilogy Metals Inc.

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Balfour Beatty Awarded $127 Million to Renovate Historic Randall School in Southwest DC

Balfour Beatty Awarded $127 Million to Renovate Historic Randall School in Southwest DC

WASHINGTON–(BUSINESS WIRE)–
Balfour Beatty has been awarded $127 million for the delivery of Museum Place on behalf of JV MPDC, LLC, a joint venture comprised of Lowe Enterprises Real Estate Group and Mitsui Fudosan American, Inc. The redevelopment project will renovate the historic Randall School creating a vibrant arts campus and new residential apartment building in Washington, DC.

Museum Place will feature a 12-story, U-shaped apartment building consisting of 492 units and a two-level below-grade garage for JV MPDC, LLC employees. The redevelopment will include the renovation of the three-connected existing historic brick school buildings and the design of the residential courtyard building to the north of the site. The 50,000 square-foot site will also feature the renovation of the main block and wings of the historic Randall School that will include a relatively small museum and designed for a creative office space or non-profit organization to augment the museum program.

Balfour Beatty has been providing preconstruction services for the renovation project since 2016. This summer, the team was contracted for early raze work of the existing Randall School buildings on site, that has been completed. Balfour Beatty serves as the design-build contractor on the project and will work under assignment with Beyer Blinder Belle Architects and Planners, LLP on the delivery of the new Museum Place.

“It is honor to further develop our partnership with Lowe Enterprises Real Estate Group on the delivery of Museum Place,” said Matt Dye, Balfour Beatty senior vice president in the Mid-Atlantic. “In conjunction with our partners the Advisory Neighborhood Commission, we look forward to delivering a new residential living building to this cultural community Washington, DC.”

Originally constructed in 1906, the Randall School historically served African-American school students in southwest Washington, DC. The concept design for Museum Place, which was unanimously approved by the Historic Preservation Review Board and the Advisory Neighborhood Commission will include various spaces to display local and public art, and gallery space to display large pieces from the extensive Rubell Family collection. Additionally, a glass box addition at the east wing of the museum will create an inviting museum entry with a bookstore and café, and outdoor dining terrace along I Street.

Museum Place is scheduled for delivery in spring 2023. With construction underway, the project will employ approximately 130 workers at its peak.

About Balfour Beatty

Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil and vertical construction, the company is part of Balfour Beatty plc (LSE:BBY), a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Balfour Beatty is ranked among the top domestic building contractors in the United States by Engineering News-Record. To learn more, visit www.balfourbeattyus.com.

Ashley Webb

+1 (214) 451-1706

[email protected]

KEYWORDS: Texas District of Columbia United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Commercial Building & Real Estate Construction & Property

MEDIA:

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Pingtan Marine Enterprise’s CEO Led a Study Visit on the Intelligent Processing Technology in One of China’s Leading Aquatic Food Companies

PR Newswire

FUZHOU, China, Nov. 19, 2020 /PRNewswire/ — Pingtan Marine Enterprise Ltd. (NASDAQ: PME) (“Pingtan” or the “Company”), today announced that on November 17, 2020, Pingtan’s CEO led a team for a study visit to Zhanjiang Guolian Aquatic Products Co., Ltd. (“Guolian”) that is headquartered in the Zhanjiang Economic and Technological Development Zone of Guangdong Province in China.

Guolian is an aquatic food company listed on the Shenzhen Stock Exchange that focuses on the whole-industry-chain development of the aquatic industry and places aquatic food R&D as its leading priority. Its key products are prawn and tilapia, which are safe, healthy, and cost-effective aquatic products. Guolian has now developed into a multi-national group company covering a variety of whole industry chains, including hatchery, factory farming, feed manufacturing and selling, fisheries research, marine food processing and trade.

During the visit, Pingtan’s Chairman and CEO, Mr. Xinrong Zhuo, led the team in a study of Guolian’s intelligent processing technology and whole-industry-chain operation model. Mr. Zhuo and Guolian’s Chairman, Mr. Zhong Li, had in-depth discussions and exchanged views on a variety of topics, including aquatic food processing, food R&D and global sales networking, and agreed that there are opportunities for the companies to work together for development in a whole-industry-chain approach, which would benefit both companies and make respective advantages complementary to each other.

Mr. Zhuo commented: “Guolian is one of the largest aquatic food companies in China. We are honored to have an opportunity to visit its headquarters. The visit was very successful. In the future, we look forward to finding ways to cooperate with Guolian in the area of intensive processing of marine catches, such as squid and tuna products and especially series of intensively processed squid products. We believe the discussed potential cooperation would not only possibly expand our product mix but also have a positive impact on Pingtan’s value-added product processing.”

About Pingtan

Pingtan is a global fishing company engaging in ocean fishing through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.

Business Risks and Forward-Looking Statements

This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Words such as “estimate,” “project,” “forecast,” “plan,” “believe,” “may,” “expect,” “anticipate,” “intend,” “planned,” “potential,” “can,” “expectation” and similar expressions, or the negative of those expressions, may identify forward-looking statements. Although forward-looking statements reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements, including general economic and market conditions and other risk factors contained in Pingtan’s SEC filings available at www.sec.gov, including Pingtan’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Pingtan undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

CONTACT:

LiMing Yung (Michael)
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
[email protected] 

Maggie Li

Investor Relations Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
[email protected]

INVESTOR RELATIONS
PureRock Communications Limited
[email protected] 

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SOURCE Pingtan Marine Enterprise Ltd.

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IIROC Trading Halt – OSB

Canada NewsWire

TORONTO, Nov. 19, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: Norbord Inc.

TSX Symbol: OSB

All Issues: Yes

Reason: Pending News

Halt Time (ET): ‎8‎:18‎‎ ‎AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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JOYY Refutes Muddy Waters’ Report

GUANGZHOU, China, Nov. 19, 2020 (GLOBE NEWSWIRE) — JOYY Inc. (Nasdaq: YY) (“JOYY” or the “Company”), a global video-based social media platform, today issued the following statement in response to allegations made in a report by Muddy Waters.

Yesterday, Muddy Waters issued a short seller report on JOYY, causing anxiety and market disturbance, leading to abnormal share price movements. The Company believes that the report contains numerous errors, unsubstantiated statements, and misleading conclusions and interpretations regarding information relating to the Company.

Muddy Waters’ report shows its lack of a basic understanding of the live streaming industry in China. The operating metrics disclosed by JOYY are commonly used and publicized by its industry peers. Live streaming has become a key revenue engine for companies in the internet sector, including a number of public companies listed in the U.S. and Hong Kong.

JOYY has solid cash balance and has consistently generated strong cash flow. To conclusively refute the report’s false allegation regarding the authenticity of JOYY’s profit figures, the Company is open to cash verification and diligence to be conducted by competent third-party advisers. The Company’s dividend policy of US$300 million announced in August 2020, with US$25 million already paid out in the third quarter of 2020, is also testament to the Company’s confidence in its operating cash flow.

JOYY’s acquisition of BIGO strictly followed the necessary corporate governance procedures and obtained all requisite approvals. In the 20 months since the acquisition, BIGO witnessed rapid revenue growth, with its top-line increasing from US$181 million in the second quarter of 2019 to US$490 million in the third quarter of 2020. Bigo Live ranked as the sixth highest grossing non-game mobile app in the world in September 2020, according to App Annie.

To demonstrate the Company’s confidence in its long-term prospects, JOYY will continue to execute on its US$300 million share repurchase program.

About JOYY Inc.

JOYY Inc. is a global social media platform. The Company’s highly engaged users contribute to a vibrant social community by creating, sharing, and enjoying a vast range of entertainment content and activities. JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience. JOYY owns BIGO, a fast-growing global tech company headquartered in Singapore. BIGO owns several popular video based social platforms including Bigo live, a leading global live streaming platform outside China; Likee, a leading global short-form video social platform; and video communication service and others. JOYY has created an online community for global video and live streaming users. JOYY Inc. was listed on the NASDAQ in November 2012.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to fourth parties. Statements that are not historical facts, including statements about JOYY’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in JOYY’s filings with the SEC. All information provided in this press release is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

JOYY Inc.
Jane Xie/Maggie Yan
Tel: +86 (20) 8212-0000
Email: [email protected] 

ICR, Inc.
Jack Wang
Tel: +1 (646) 915-1611
Email: [email protected] 



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AES Announces Private Offering of Senior Notes

PR Newswire

ARLINGTON, Va., Nov. 19, 2020 /PRNewswire/ — The AES Corporation (NYSE: AES) (“AES” or the “Company”) today announced that it intends, subject to market and other conditions, to offer Senior Notes due 2026 (the “2026 Notes”) and Senior Notes due 2031 (the “2031 Notes” and together with the 2026 Notes, the “New Notes”) in a private offering exempt from registration in accordance with Rule 144A and Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”).

AES intends to allocate an amount equal to the net proceeds from this offering to one or more eligible green projects. Pending such allocation, AES intends to use the net proceeds from this offering to fund purchases of any and all of its 5.500% senior notes due 2025 (the “5.500% 2025 Notes”), 6.000% senior notes due 2026 (the “2026 Notes”) and 5.125% senior notes due 2027 (the “2027 Notes” and, together with the 5.500% 2025 Notes and the 2026 Notes, the “Tender Offer Notes”) in tender offers (the “Tender Offers”), to fully redeem any of the Tender Offer Notes not tendered in connection with the Tender Offers, to fully redeem the $65.0 million aggregate principal amount outstanding of its 4.500% notes due 2023 (the “2023 Notes”) and $63.0 million aggregate principal amount of its 5.500% notes due 2024 (the “2024 Notes” and together with the Tender Offer Notes and the 2023 Notes, the “Outstanding Notes”), to pay certain related fees and expenses and for general corporate purposes. This press release does not constitute an offer to purchase or the solicitation of an offer to sell the Outstanding Notes.

The New Notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Company plans to offer and issue the New Notes only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States pursuant to Regulation S under the Securities Act.

This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the New Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the New Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy.  Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs.  Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.  For more information, visit www.aes.com.  

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’ current expectations based on reasonable assumptions. Such forward-looking statements include, but are not limited to, our financing plans, including the offering of the New Notes and the details thereof, the proposed use of proceeds therefrom, the ultimate allocation of amounts relating to the offering of the New Notes to eligible green projects, and other expected effects of the offering of the New Notes. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’ current expectations based on reasonable assumptions.

Actual results could differ materially from those projected in AES’ forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are in AES’ filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks discussed under Item 1A: “Risk Factors” and Item 7: “Management’s Discussion & Analysis” in AES’ 2019 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’ filings to learn more about the risk factors associated with AES’ business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/aes-announces-private-offering-of-senior-notes-301177213.html

SOURCE The AES Corporation

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Ecolab Receives First EPA Approval for Biofilm Disinfection in Drains

Ecolab Receives First EPA Approval for Biofilm Disinfection in Drains

ST. PAUL, Minn.–(BUSINESS WIRE)–
Ecolab Inc., the global leader in water, hygiene and infection prevention solutions and services, is the first to receive EPA product approval for disinfection of biofilmsi in wastewater drains for its Virasept™ product – an important part of a comprehensive environmental hygiene program designed to help effectively combat bacterial growth in hospitals.

Virasept (EPA Reg. No. 1677-226) is a patented, peracid mixture, ready-to-use cleaner, deodorizer and hospital disinfectant.

“Effective drain biofilm disinfection reduces the risk of environmental transmission of pathogens found in biofilms,” explains Linda Homan, RN, BSN, CIC, and senior manager of Clinical Affairs for Ecolab Healthcare. “We are excited about this first-to-market foaming application solution and believe it will be unique for some time.”

Because they are wet, drains are a high-risk environment for biofilm growth and a vector for hospital-associated infectionsii, and recently published studies have identified sink drains as potentially important reservoirs for antibiotic-resistant organisms.iii,iv Other published clinical studies have shown that foaming is a more effective way to apply product to drains compared to liquids as it ensures contact time compliance.v,vi,vii

Bringing decades of expertise in infection prevention, the Ecolab team worked together with the EPA to refine the test methods required to show foaming efficacy against these pathogens in drain biofilms.

In addition to this foaming application for drain biofilms, Virasept has broad claims on more than 30 organisms of concern including C. diff, TB, and norovirus.viii It is included on the Environmental Protection Agency’s (EPA) List N: Disinfectants for Use Against SARS-CoV-2.ix As part of this submission, Virasept also received EPA approval for claims against C. auris, Legionella pneumophila, and Listeria monocytogenes, further enhancing its applications.

For more information about Virasept and Ecolab’s line of Healthcare cleaners and disinfection programs, products, equipment and services, please visit:

www.ecolab.com/solutions/cleaners-and-disinfectants-for-hospitals

About Ecolab

A trusted partner at nearly three million commercial customer locations, Ecolab (NYSE:ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $13 billion and more than 45,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on Twitter @ecolab, Facebook at facebook.com/ecolab, LinkedIn at Ecolab or Instagram at Ecolab Inc.

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i Efficacy studies for disinfection of Staphylococcus aureus and Pseudomonas aeruginosa biofilms were submitted to the EPA to achieve this claim

ii Carling PC. Wastewater drains: epidemiology and interventions in 23 carbapenem-resistant organism outbreaks. Infect Control Hosp Epidemiol. 2018 Aug;39(8):972-979. doi: 10.1017/ice.2018.138. Epub 2018 Jun 28. Review. PubMed PMID: 29950189.

iii BW, Graham MB, Lindmair-Snell J, et al. The relevance of sink proximity to toilets on the detection of Klebsiella pneumoniae carbapenemase

inside sink drains. Am J Infect Control 2019;47:98–100.

iv Kizny Gordon AE, Mathers AJ, Cheong EYL, et al. The hospital water environment as a reservoir for carbapenem-resistant organisms causing hospital-acquired infections—a systematic review of the literature. Clin Infect Dis 2017;64:1435–1444.

v Buchan BW, Arvan JA, Graham MB, Tarima S, Faron ML, Nanchal R, Munoz-Price LS. Effectiveness of a hydrogen peroxide foam against bleach for the disinfection of sink drains. Infect Control Hosp Epidemiol. 2019 Jun;40(6):724-726. doi:10.1017/ice.2019.72. Epub 2019 Apr 17. PubMed PMID: 30992089.

vi Buchan, Blake & Arvan, Jennifer & Graham, Mary & Tarima, Sergey & Faron, Matthew & Nanchal, Rahul & Munoz-Price, L. Silvia. (2019). Effectiveness of a hydrogen peroxide foam against bleach for the disinfection of sink drains. Infection Control & Hospital Epidemiology. 40. 1-3. 10.1017/ice.2019.72.

vii Jones, L., Mana, T., Cadnum, J., Jencson, A., Silva, S., Wilson, B., & Donskey, C. (n.d.). Effectiveness of foam disinfectants in reducing sink-drain gram-negative bacterial colonization. Infection Control & Hospital Epidemiology, 1-6. doi:10.1017/ice.2019.32

viii Claims valid when used in accordance with directions for use on hard, non-porous surfaces

ix Virasept meets criteria for claims against emerging viral pathogens and therefore can be used against COVID-19 when used in accordance with the directions for use against the listed supporting virus on hard, non-porous surfaces.

Ecolab

Cead Nardie-Warner

651 250 4724

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

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Envestnet Cares Partners with Project HOME to Help Fight Poverty & Homelessness

Under Terms of Partnership, Envestnet to Provide Mentoring Support & Capital, Including $250,000 Donation to be Delivered Over Five Years

PR Newswire

CHICAGO, Nov. 19, 2020 /PRNewswire/ — Envestnet, Inc. (NYSE: ENV) announced today that its Charitable Giving Committee (Envestnet Cares) has chosen Philadelphia-based nonprofit Project HOME as its Signature Impact Partner.

In selecting Project HOME (https://www.projecthome.org) for this long-term initiative, Envestnet considered criteria related to its philanthropic mission to give back to its communities and help create more meaningful and lasting impact through targeted efforts aimed at supporting education and families in need. Under the terms of the partnership, Envestnet will provide both volunteer and financial support, including a pledge of $250,000—or $50,000 distributed annually over the next five years—as well as a mentoring relationship with Project HOME’s Education and Workforce Development team.

“Envestnet believes in serving as a force for social good in our communities,” said Bill Crager, Co-Founder and CEO of Envestnet. “Project HOME reflects Envestnet’s core values, specifically its goal to make financial wellness a reality for more people. And Project HOME’s commitment to helping those less fortunate in North Philadelphia is especially meaningful for the employees in our Berwyn office. In addition to the financial investment, we see tremendous opportunity for furthering Project HOME’s efforts through volunteering, and leveraging our employees’ digital and financial expertise.”

The mission of Project HOME is to empower adults, children, and families to break the cycle of homelessness and poverty, to alleviate the underlying causes of poverty, and to enable such persons to attain their fullest potential as individuals and as members of the broader society. Its Education and Workforce Development initiative includes the following educational programs:

  • K-12 Afterschool Programs, which integrate technology with literacy, art, and science, providing opportunities for students in North Philadelphia to explore new interests, cultivate talents, and prepare for college or careers.
  • The Adult Education and Employment Program, which includes GED classes, professional certifications, and job fairs.
  • The Social Enterprise Program, which empowers residents to build job skills at small businesses, providing low-barrier employment and supplemental income.

“As a result of the pandemic, the need for our work has intensified,” said Sister Mary Scullion, Co-Founder and Executive Director of Project HOME. “In light of this, we are certain that our partnership with Envestnet will have a major impact for so many in our community who are in need. Project HOME has always believed that the best way to fight poverty and put an end to homelessness is through providing access to affordable housing, employment, healthcare, and education. We look forward to working with Envestnet to do just that in the years to come.”

About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors across more than 5,100 companies—including 17 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies—leverage the Envestnet platform to grow their businesses and client relationships.

For more information on Envestnet, please visit www.envestnet.com, subscribe to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.

About Project HOME

Since 1989, Project HOME has helped thousands of people break the cycle of homelessness and poverty by providing a continuum of care that includes street outreach, supportive housing and comprehensive services that focus on health care, education and employment through both adult and youth education and enrichment programs at the Honickman Learning Center and Comcast Technology Labs and community-based health care services at the Stephen Klein Wellness Center. Project HOME and its partners have pledged to end chronic street homelessness in Philadelphia.

Media Contact

Dana Taormina

JConnelly for Envestnet
973.647.4626
[email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/envestnet-cares-partners-with-project-home-to-help-fight-poverty–homelessness-301177012.html

SOURCE Envestnet, Inc.

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IIROC Trading Halt – WFT

Canada NewsWire

TORONTO, Nov. 19, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: West Fraser Timber Co. Ltd.

TSX Symbol: WFT

All Issues: Yes

Reason: Pending News

Halt Time (ET): 8:17 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions