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These news briefings for January 14, 2020 are brought to you by globenewswire.
Sundance Energy Inc. (SNDE on nasdaq) today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million. The Company also announced TD Securities as the new administrative agent under the revolving credit facility.
NOVA LEAP HEALTH CORP. (NLH on Toronto Stock Exchange Venture) announced an increase in size of its previously announced non-brokered private placement of unsecured subordinated convertible debentures. Due to further oversubscribed demand, the non-brokered private placement of Debentures will now consist of maximum gross proceeds of CAD$3,100,000. The first tranche of the Offering closed on December 30, 2019 for gross proceeds of CAD$2,338,000.
Beyond Meat (NASDAQ ticker symbol BYND), a leader in plant-based meat, today announced a multi-year pea protein supply agreement with Roquette [rou-KET], a global leader in plant-based ingredients and a pioneer of plant proteins. The supply agreement builds on a longstanding partnership that began approximately ten years ago, and significantly increases the amount of pea protein to be supplied by Roquette to Beyond Meat over the next three years as compared to the amount supplied in 2019.
Stingray (RAY.A on Toronto Stock Exchange), a leading music, media, and technology company, is proud to partner with The Hi, How Are You Project, a non-profit organization dedicated to encouraging thoughtful discussion around issues of mental well-being. On January 22, Stingray will offer music fans a free live stream of the Hi, How Are You Day 2020 live concert event on Stingray Qello (available on mobile and all major streaming devices.)
Delek US Holdings, Inc. (DK on New York Stock Exchange) today announced that the Company intends to issue a press release summarizing fourth quarter 2019 results after the U.S. stock market closes on Tuesday, February 25, 2020. A conference call to discuss fourth quarter 2019 results is scheduled to begin at 8:30 a.m. CT (9:30 a.m. ET) on Wednesday, February 26, 2020. The live broadcast of this conference call will be available online by going to www.DelekUS.com and clicking on the investor relations section of the website.
Kaiser Aluminum Corporation (NASDAQ ticker symbol KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.67 per share representing a 12% increase over the prior quarter's dividend. The dividend will be payable on February 14, 2020 to shareholders of record as of the close of business on January 24, 2020. Quote, “The increase in the quarterly dividend reflects our continued confidence in the long-term outlook for our business, the end markets we serve and opportunities to create further value for our shareholders,” said Jack A. Hockema, Chairman and CEO. “We remained focused on managing our capital structure and liquidity for the financial strength and flexibility to support our strategic growth initiatives, and our ongoing commitment to return cash to shareholders throughout the business and economic cycles,” end quote, stated Mr. Hockema.
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