- 2025/07/05
- Category :
[PR]
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プレスリリース、開示情報のアーカイブ
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Entre los ponentes confirmados para el Foro de la Continuidad 2012 de la Fundación abc* se encuentran Kofi Annan, ex secretario de las Naciones Unidas; Jessica Jackley, cofundadora de Kiva.org; Jeb Bush, ex gobernador de Florida y fundador y presidente de la Fundación para la Excelencia en la Educación; y Wayne Pacelle, presidente y Director Ejecutivo de la Sociedad Protectora de Animales de Estados Unidos.
El Foro de la Continuidad 2012 de la Fundación abc* se ha asociado con Ashoka, la asociación más grande del mundo de emprendedores sociales, y con Innovadores de América, organización que galardona a individuos por logros excepcionales en el ámbito social, científico, empresarial y cultural en América Latina. De las 117 iniciativas rigorosamente analizadas con anterioridad por estas dos organizaciones, la Fundación abc* seleccionó a 35 para que presenten sus ponencias en el Foro de Continuidad 2012.
Las organizaciones Ashoka Fellows e Innovadores de América presentarán programas que ya se están poniendo en práctica en el continente americano y que tienen el potencial de lograr una transformación positiva en la región. Al finalizar del foro, la Fundación abc* seleccionará tres proyectos que recibirán fondos y asesoramiento práctico, así como apoyo en los medios de comunicación y de marketing por un período de dos años, para ayudarles a lograr su máxima capacidad.
El Foro de la Continuidad 2012 es una iniciativa de la Fundación abc*, organización sin fines de lucro cuyos copresidentes son Emilio Azcárraga, presidente del Grupo Televisa; Angélica Fuentes, Directora Ejecutiva del Grupo Omnilife; Jorge Vergara, presidente y fundador del Grupo Omnilife y propietario del equipo de fútbol Las Chivas, Guillermo Romo, presidente del Grupo Mega; y Mario Scarpetta, director de Inversiones Argos.
Entre los ponentes destacados que se han presentado anteriormente en el Foro de la Fundación abc* se encuentran Al Gore, Alan Greenspan, David Axelrod, el arzobispo Desmond Tutu, Jane Goodall, Mikhail Gorbachev y Sir Richard Branson.
Los detalles completos del evento están disponibles en: http://www.abccontinuityforum.org. Síganos en Twitter (@abc_foundation) para estar al día con las últimas noticias y acontecimientos del Foro de Continuidad 2012 de abc*; únase a la conversación en línea con el hashtag deTwitter #abcforum. La aplicación del Foro de la Continuidad 2012 de la Fundación abc* está disponible en la Tienda de Aplicaciones móviles de Apple y pronto estará disponible en la Tienda de Google Play.
Acerca de The Americas Business Council Foundation
The Americas Business Council (abc*) Foundation es un grupo de expertos que busca promover la paz, sostenibilidad y prosperidad al fomentar el diálogo con líderes de las Américas sobre los desafíos sociales y ambientales más apremiantes que enfrenta nuestro mundo, y presentándoles oportunidades para participar en iniciativas impulsadas por los impactos que proporcionen soluciones tangibles. Fundada en 2008, ABC* proporciona una plataforma para que los líderes emergentes de la región utilicen su influencia, sus redes y sus recursos para lograr un cambio positivo y duradero. La organización fue fundada por cuatro prestigiosos copresidentes latinoamericanos: Emilio Azcárraga, Presidente y Director Ejecutivo del Grupo Televisa; Guillermo Romo, Presidente y fundador del Grupo Mega; Angélica Fuentes, Directora Ejecutiva de Omnilife; y Jorge Vergara, Presidente y fundador de Omnilife y propietario del equipo de fútbol ‘Las Chivas’. Mario Scarpetta, Director de Inversiones Argos, también se unió recientemente a la organización en calidad de copresidente. Para obtener más información, visite www.abcfound.org.
Para abc* Foundation
Paul Wiseman, 305-860-1000, ext.124
pwiseman@jeffreygroup.com
Textainer has granted an option to the underwriters, exercisable for 30 days to purchase up to an additional 1,125,000 of its common shares at the public offering price, less the underwriting discount.
The offering is expected to close on or about September 19, 2012, subject to customary closing conditions. The Company intends to use all of the net proceeds from this offering for capital expenditures and general corporate purposes. The Company will not receive any of the proceeds from the sale of common shares by the selling shareholder.
BofA Merrill Lynch, Wells Fargo Securities and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering.
The common shares will be offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC"). A copy of the preliminary prospectus supplement and related base prospectus for the offering have been filed with the SEC and may be obtained by visiting EDGAR on the SEC's website, www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the related base prospectus may be obtained by contacting: BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038, attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; Wells Fargo Securities, attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, phone: (800) 326-5897, email: cmclientsupport@wellsfargo.com; or Credit Suisse Securities (USA) LLC, attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by calling toll-free (800) 221-1037 or by emailing newyork.prospectus@credit-suisse.com.
This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any security of the Company nor will there be any sale of any such security in any jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer for the Company’s common shares will be made only by means of a prospectus supplement and related base prospectus or by a free writing prospectus in accordance with SEC rules.
Important Cautionary Information Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. securities laws. Forward-looking statements include statements that are not statements of historical facts, and include, but are not limited to, statements concerning the proposed offering by the Company and the selling shareholder of the Company’s common shares and the anticipated use of proceeds therefrom. Readers are cautioned that these forward-looking statements involve risks and uncertainties, are only predictions and may differ materially from actual future events or results. These risks and uncertainties include, without limitation the risks and uncertainties set forth in Textainer’s filings with the SEC. For a discussion of some of these risks and uncertainties, see Item 3 “Key Information—Risk Factors” in Textainer’s Annual Report on Form 20-F filed with the SEC on March 15, 2012, as amended on June 27, 2012.
The Company's views, estimates, plans and outlook as described within this document may change subsequent to the release of this press release. The Company is under no obligation to modify or update any or all of the statements it has made in this press release despite any subsequent changes that the Company may make in its views, estimates, plans or outlook for the future.
About Textainer Group Holdings Limited
Textainer Group Holdings Limited and its subsidiaries ("Textainer") has operated since 1979 and is the world's largest lessor of intermodal containers based on fleet size. As of the most recent quarter end, Textainer had more than 1.7 million containers, representing more than 2.6 million TEU, in its owned and managed fleet. Textainer leases dry freight, dry freight specialized, and refrigerated containers. Textainer is one of the largest purchasers of new containers as well as one of the largest sellers of used containers. Textainer leases containers to approximately 400 shipping lines and other lessees and sells containers to more than 1,100 customers worldwide and provides services worldwide via a network of regional and area offices, as well as independent depots.
Textainer Group Holdings Limited
Mr. Tom Gallo, 415-658-8227
Investor Relations Director
ir@textainer.com
“I’m pleased to announce this agreement with Shenzhen Woer Heat-Shrinkable Material Co., Ltd. We believe this is a positive outcome that will benefit Belden shareholders by returning our focus to areas of strategic relevance in Asia. The sale of these assets will reduce 2013 revenue by approximately $100 to $120 million with no significant impact to operating profit. Additionally, we expect to incur non-cash charges of approximately $25 million in 2012 which will be excluded from our adjusted results,” said John Stroup, Belden’s President and CEO.
Belden expects the sale, which is subject to approval by Chinese regulatory authorities, to close in 2012.
Forward Looking Statements
Statements in this release other than historical facts are “forward looking statements” made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. Forward looking statements include any statements regarding future revenues, costs and expenses, operating income, earnings per share, margins, cash flows, dividends, and capital expenditures. These forward looking statements are based on forecasts and projections about the markets and industries served by the Company and about general economic conditions. They reflect management's beliefs and expectations. They are not guarantees of future performance and they involve risk and uncertainty. The Company’s actual results may differ materially from these expectations. Changes in the global economy may impact the Company’s results. Turbulence in financial markets may increase the Company’s borrowing costs. Additional factors that may cause actual results to differ from the Company’s expectations include: the Company’s reliance on key distributors in marketing products; the Company’s ability to execute and realize the expected benefits from strategic initiatives (including revenue growth, cost control, and productivity improvement programs); changes in the level of economic activity in the Company’s major geographic markets; difficulties in realigning manufacturing capacity and capabilities among the Company’s global manufacturing facilities; the competitiveness of the global cable, connectivity and networking industries; variability in the Company’s quarterly and annual effective tax rates; changes in accounting rules and interpretation of these rules which may affect the Company’s reported earnings; changes in currency exchange rates and political and economic uncertainties in the countries where the Company conducts business; demand for the Company’s products; the cost and availability of materials including copper, plastic compounds derived from fossil fuels, electronic components, and other materials; energy costs; the Company’s ability to achieve acquisition performance expectations and to integrate acquired businesses successfully; the ability of the Company to develop and introduce new products; the Company having to recognize charges that would reduce income as a result of impairing goodwill and other intangible assets; security risks and the potential for business interruption from operating in volatile countries; disruptions or failures of the Company’s (or the Company’s suppliers or customers) systems or operations in the event of a major earthquake, weather event, cyber-attack, terrorist attack, or other catastrophic event that could cause delays in completing sales, providing services, or performing other mission-critical functions; and other factors. For a more complete discussion of risk factors, please see our Annual Report on Form 10-K for the year ended December 31, 2011, filed with the SEC on February 29, 2012. Belden disclaims any duty to update any forward looking statements as a result of new information, future developments, or otherwise.
About Belden
St. Louis-based Belden Inc. designs, manufactures, and markets cable, connectivity, and networking products in markets including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. It has approximately 7,600 employees, and provides value for industrial automation, enterprise, education, healthcare, entertainment and broadcast, sound and security, transportation, infrastructure, consumer electronics and other industries. Belden has manufacturing capabilities in North America, South America, Europe, and Asia, and a market presence in nearly every region of the world. Belden was founded in 1902, and today is a leader with some of the strongest brands in the signal transmission industry. For more information, visit www.belden.com.
Belden Inc.
Belden Investor Relations, 314-854-8054
Investor.Relations@Belden.com
Dr. Noronha also was named to Sucampo's Global R&D Leadership Team, which is headed by Dr. Ueno, and includes: Taryn Joswick, Vice President, Clinical Development of SPA; Birgit Roerig, Ph.D., Vice President, Pharmacology and Toxicology at SPA; Peter Lichtlen, M.D., Ph.D., Senior Medical Officer and Vice President, European Operations, of Sucampo AG (SAG); Takashi Sekida, Ph.D., Vice President, Research Planning & Business Development, at Sucampo Pharma, Ltd. (SPL); and Gayle Dolecek, P.D., M.P.H., Executive Advisor, R&D Affairs, SPA. SPA, SAG and SPL are wholly-owned subsidiaries of SPI.
Dr. Ueno said, “We welcome Dr. Noronha to Sucampo and look forward to his contributions in strengthening our expertise, particularly in ophthalmology as we prepare for the launch of RESCULA. His extensive drug development experiences, from preclinical to clinical, and knowledge of ophthalmology, oncology, and immune and inflammatory mediated diseases will add great value to our R&D pipeline for new indications of our prostone-based products AMITIZA® and RESCULA®, as well as to other compounds based on our proprietary prostone technology. Additionally, Sucampo will benefit from his experience of taking research findings into the clinic.”
Dr. Noronha joins Sucampo from JW Theriac, Inc., a pharmaceutical company focused on new drug research and development, which he joined in July 2011 as Chief Scientific Officer, responsible for translational efforts in the oncology therapeutic area. At JW Theriac, he successfully identified and proposed opportunities for research and innovation along with the assessment of risks and technical hurdles. Prior to JW Theriac, Dr. Noronha had leadership roles in Retina Development at Alcon Laboratories, Inc., now part of Novartis, from November 2008 to July 2011, with global responsibilities for planning and executing all stages of retina development, including working with clinical, regulatory, scientific, non-clinical and technical colleagues for both small molecules and biologics. Previously, from June 2002 to July 2008, Dr. Noronha worked at TargeGen, Inc., now acquired by Sanofi-Aventis, and held several positions of increasing responsibility, among them Senior Scientist, Group Leader and Director. At TargeGen, he delivered three of the five small molecule candidates into development that were entered into clinical trials; one small molecule candidate resulted in successful phase 2 results. Dr. Noronha earned his Ph.D. in Organometallic Chemistry from Loyola University Chicago and conducted post-doctoral research at the University of California, Irvine in protein structural and bio-organic chemistry. Dr. Noronha is a member of the Association for Research in Vision and Ophthalmology (ARVO) and is named on 21 composition of matter and use patents for drugs in ophthalmology, oncology, immune and inflammatory diseases and in continuous glucose sensing. He is the author of more than 30 peer-reviewed articles and more than 70 scientific presentations at national and international forums.
About Sucampo Pharmaceuticals, Inc.
Sucampo Pharmaceuticals, Inc. is a global pharmaceutical company focused on innovative research, discovery, development and commercialization of proprietary drugs based on prostones. The therapeutic potential of prostones, which occur naturally in the human body as a result of enzymatic catalysis by 15-PGDH of eicosanoids and docosanoids, was first identified by Ryuji Ueno, M.D., Ph.D., Ph.D., Sucampo’s Chairman and CEO. Dr. Ueno founded Sucampo Pharmaceuticals in 1996 with Sachiko Kuno, Ph.D., founding CEO and currently Executive Advisor, International Business Development, and a member of the Board of Directors. For more information, please visit www.sucampo.com.
AMITIZA® is a registered trademark of Sucampo AG. RESCULA® is a registered trademark of R-Tech Ueno, Ltd, and has been licensed to Sucampo.
Sucampo Forward-Looking Statement
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the statements. The forward-looking statements may include statements regarding product development, product potential, future financial and operating results, and other statements that are not historical facts. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the impact of pharmaceutical industry regulation and health care legislation; Sucampo's ability to accurately predict future market conditions; dependence on the effectiveness of Sucampo's patents and other protections for innovative products; the risk of new and changing regulation and health policies in the US and internationally and the exposure to litigation and/or regulatory actions.
No forward-looking statement can be guaranteed and actual results may differ materially from those projected. Sucampo undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this presentation should be evaluated together with the many uncertainties that affect Sucampo's business, particularly those mentioned in the risk factors and cautionary statements in Sucampo's Form 10-K for the year ended Dec. 31, 2011, which Sucampo incorporates by reference.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50406392&lang=en
Sucampo Pharmaceuticals, Inc.
Silvia Taylor, 1-240-223-3718
staylor@sucampo.com
or
Kate de Santis, 1-240-223-3834
kdesantis@sucampo.com
The Board of Directors also declared a cash dividend of $0.50 per Series A Cumulative Redeemable Preferred Share for the third quarter 2012. The preferred share dividend is payable on October 15, 2012, to stockholders of record on September 26, 2012.
About Campus Crest Communities, Inc.
Campus Crest Communities, Inc. is a leading developer, builder, owner and manager of high-quality, resident life focused student housing properties located close to college campuses in targeted U.S. markets. The Company is a self-managed, self-administered and vertically-integrated real estate investment trust which operates all of its properties under The Grove® brand. The Company owns interests in 39 operating student housing properties containing approximately 7,670 apartment units and 20,884 beds. The Company has commenced construction of three projects containing approximately 658 units and 1,796 beds for delivery in the third quarter of 2013. Since its inception, the Company has focused on customer service, privacy, on-site amenities and its proprietary residence life programs to provide college students across the United States with a higher quality of living. Additional information can be found on the Company's website at http://www.campuscrest.com.
Forward-Looking Statements
This press release and other statements and information publicly disseminated by the Company contain certain 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. The Company intends 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 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts" or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements in this press release include, among others, statements about the expected transition of the Chief Operating Officer position. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, except as otherwise required by federal securities laws, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the risk factors discussed in the Company's most recent Annual Report on Form 10-K.
Campus Crest Communities, Inc.
Investor Relations, 704-496-2571
The Trust intends to use the net proceeds of the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including the acquisition of hotels.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and prospectus related to the offering, copies of which may be obtained, when available, by contacting Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling 1-800-503-4611, or by emailing prospectus.cpdg@db.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-866-803-9204; or Wells Fargo Securities, LLC, Attention: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897, or by e-mail at cmclientsupport@wellsfargo.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any 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 CHESAPEAKE LODGING TRUST
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. The Trust owns 14 hotels with an aggregate of 4,465 rooms in six states and the District of Columbia. Additional information can be found on the Trust’s website at www.chesapeakelodgingtrust.com.
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. When we use the words "will likely result," "may," "anticipate," "estimate," "should," "expect," "believe," "intend," or similar expressions, we intend to identify forward-looking statements. Such forward-looking statements include, but are not limited to, the timing of the offering, amount of shares to be offered and contemplated use of proceeds. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Chesapeake Lodging Trust's control. The Trust undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances, except as required by law.
Chesapeake Lodging Trust
Douglas W. Vicari, 410-972-4142
Pervasive remains committed to delivering innovative data management, integration and analytics technology for its customers and partners worldwide. There can be no assurance that the Board’s continued consideration of the Actian proposal or any alternative proposals that Pervasive may receive from any other parties will result in a transaction with Actian or any other party. Subject to applicable laws, currently the company does not intend to provide further updates regarding the Board’s consideration of these matters.
About Pervasive Software
Pervasive is a global data innovation leader, delivering software to manage, integrate and analyze data, in the cloud or on-premises, throughout the entire data lifecycle. Pervasive products deliver value to tens of thousands of customers worldwide, often embedded within partners’ software, with breakthrough performance, flexibility, reliability and return on investment. For additional information, go to www.pervasive.com/.
Cautionary Statement
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this document are based upon information available to Pervasive as of the date hereof, and Pervasive assumes no obligation to update any such forward-looking statement.
All Pervasive brand and product names are trademarks or registered trademarks of Pervasive Software Inc. in the United States and other countries. All other marks are the property of their respective owners.
Pervasive Software
John Farr, CEO, 800-287-4383
investor.relations@pervasive.com
As part of the PIVOT program, students work with their lead Educational Coordinator to develop a personal vision for success, define goals to help them reach their vision and create an individual education plan that they complete at their own pace. Students attend school either 8:00 a.m. to 1 p.m. or 12:00 p.m. to 4:45 p.m. Monday through Friday. In addition to Educational Coordinators available on-site during school hours, PIVOT students have online access to experienced, state-certified teachers.
PIVOT Tampa complies with all Florida graduation requirements and offers a full middle and high school curriculum, including more than 15 Advanced Placement courses, a wide variety of electives, and a service learning option. Core courses align with Next Generation Sunshine State Standards. Students can jump-start their college careers with early graduation options and two programs offering dual enrollment in online college classes offered by DeVry University. The Passport to College program lets any eligible student take up to two career-focused DeVry classes online free of charge, while the Dual Credit program allows students to take freshman-level math and English classes and receive both high school and college credit.
PIVOT Charter School is ideal for many students, including accelerated learners looking for Advanced Placement and dual-credit classes, students missing credits and needing to catch up, those needing a flexible schedule in order to pursue outside interests and many others. Nationally recognized learning provider Advanced Academics supplies the program’s learning management system, web-based curriculum and online teaching staff. Free hub-based bus service is available for those families needing additional assistance getting their student to school.
PIVOT Tampa is still enrolling new students for the 2012-13 school year. The open enrollment period ends Sept. 28, so act quickly. Enrollment will reopen in January if space is available. For more information or to apply, go to www.pivotcharterschool.com or call 813-626-6724.
About PIVOT Charter Schools
PIVOT Education Inc. is a not-for-profit Florida corporation that operates PIVOT Charter Schools in Fort Myers and Tampa. Its programs use a blended educational model, combining one-on-one teaching with the best elements of on-line and traditional education. The mission of PIVOT Charter Schools is to create a unique learning environment where students will believe in themselves, excel in their goals and discover pathways to their life’s success. PIVOT Charter School Fort Myers offers this unique blended educational program to middle and high school students in Lee County, while PIVOT Charter School Tampa serves students, grades 6 through twelve, in Hillsborough County.
Gooden Group PR
Meg Martin, 405-397-6156
mmartin@goodengroup.com
CREMAC, headquartered in Brooklyn, NY, was founded in 1995 to purchase and manage distressed assets in the mortgage, real estate and mortgage backed securities sectors. CREMAC currently has $130 million in assets under management consisting primarily of 45% CRE Loans, 10% CMBS, 20% RMBS, and 25% residential real estate & whole loans. CREMAC consists of four separately managed but integrated businesses, CREMAC Asset Management, CREMAC Commercial Finance, CAM Loan Servicing, and Risk Management Group (RMG).
As part of its analysis, Fitch evaluated the asset manager, and determined its capabilities to be satisfactory in the context of the ratings assigned to the transaction and the transaction documents that would govern CREMAC's activities. The most senior class in the transaction is currently rated 'Csf', indicating that default is imminent or inevitable for the notes. In addition, the CDO is static and the collateral administrator responsibilities are limited.
Fitch is not a party to the transaction and therefore does not provide consent or approval to changes in its terms, as that remains the sole preserve of the transaction parties. Fitch expects to be notified by the trustee when or if CREMAC becomes the successor collateral administrator.
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Fitch Ratings
Primary Surveillance Analyst
Karen Trebach, +1 212-908-0215
Senior Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Surveillance Analyst:
Matthew McGowan, +1 212-908-0733
Analyst
or
Fund and Asset Manager Ratings Analyst:
Ian Rasmussen, +1 212-908-0232
Senior Director
or
Committee Chairperson
Mary MacNeill, +1 212-908-0785
Managing Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com
The underwriting syndicate was led by UBS Investment Bank, BofA Merrill Lynch and Wells Fargo Securities. Senior co-managers included Barclays, Oppenheimer & Co., RBC Capital Markets and Stifel Nicolaus Weisel.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors is an investment manager specializing in listed energy infrastructure investments. As of Aug. 31, 2012, the adviser had approximately $8.6 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other accounts.
Forward-Looking Statement
This press release contains certain statements that may include "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. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and Tortoise believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and Tortoise do not assume a duty to update any forward-looking statement.
Tortoise Capital Advisors, LLC
Pam Kearney, 866-362-9331
Investor Relations
pkearney@tortoiseadvisors.com
“Data security risk is usually generated by everyday behaviors that eventually catch up with users if they are not constantly handling data in a safe manner”
The increasing number of data breaches means that CPAs must handle client data even more carefully.
“The theft of individuals’ Social Security Numbers and other personally identifiable information happens outside our tax system, but is fueling an increase in tax refund fraud,” reported Peggy Bogadi, commissioner of the IRS’s wage and investment division.
Data loss happens
While large businesses are mostly responsible for the more than 500 million personal information records that have been breached since 2005, even CPA firms that are good custodians of client data occasionally lose a laptop or USB (thumb) drive with unencrypted confidential data on it. Those losses give rise to a potential data breach, says Randy R. Werner, JD, LL.M./Tax, CPA, a loss prevention specialist for CAMICO (www.camico.com), the nation’s largest CPA-focused program of specialty liability insurance for the accounting profession.
“Data security risk is usually generated by everyday behaviors that eventually catch up with users if they are not constantly handling data in a safe manner,” says Werner.
Data breaches can be expensive for firms; the more cost-effective approach is to implement robust data security measures. Furthermore, firms that become proficient at security will be better able to assist clients with their own data security issues.
Loss prevention tips
Werner offers some basic loss prevention tips:
Werner also recommends that firms engage in a continuous data security process that operates in three areas:
1) |
Risk Assessment |
Utilize software tools for assessing and analyzing the security of most computer systems. Many software companies also provide security updates to protect from threats that have been identified, and most updates can be applied automatically. | |
Have a computer specialist conduct a more thorough assessment and analysis to highlight vulnerabilities and provide risk reduction tips. | |
2) |
Comprehensive Written Plan |
A written information security plan: |
3) |
Regular Staff Training |
Teach the written plan to staff to ensure that each employee knows what the firm is doing and what he or she is required to do, including best practices for addressing new and continuing risks (e.g., social engineering, phishing and web application attacks). | |
New laws or regulations should be reflected in changes to the plan. Training sessions to update staff on such changes will make the plan a dynamic, living document that staff uses and relies upon. |
Better data security measures will help ensure that private information remains confidential and available only to authorized parties. Firms will avoid or reduce the high costs associated with data breaches, and strong data security measures will become selling points that many clients will appreciate.
For more information regarding identity theft, data security, and Data Breach Coverage, call CAMICO at 1.800.652.1772.
CAMICO
Dan Crouch, 650-378-6827
925-324-1369 (mobile)
dcrouch@camico.com
www.camico.com
or
Knox Communications
John Knox, 415-255-9043
john@knoxcommunications.com
About CB&I
CB&I (NYSE: CBI) engineers and constructs some of the world’s largest energy infrastructure projects. With premier process technology, proven EPC expertise, and unrivaled storage tank experience, CB&I executes projects from concept to completion. Safely. Reliably. Globally. For more information, visit www.cbi.com.
CB&I
Investors: Christi Thoms, +1 832 513 1200
Media: www.CBI.com
“I have always been impressed with Transcat’s record of accomplishments and am extremely pleased to be a part of this successful business. I look forward to my expanded leadership responsibilities in a company that maintains a compelling vision for growth and a strategic plan to see it through.”
Charles P. Hadeed, Chief Executive Officer of Transcat, commented, “Since Lee joined Transcat last November as Chief Operating Officer, it was clear that we shared a common vision of Transcat’s future and our ability to execute against that vision. Lee brought a wealth of industry knowledge and leadership experience to our company that is relevant for both our Product and Service segment, and he has a proven track record of fostering dynamic growth and sustained profitability.”
Lee D. Rudow, 48, has more than 25 years of senior executive experience in the calibration, test and measurement industry. Before joining Transcat, Mr. Rudow served as Executive Vice President in various capacities for Simco Electronics, Inc., an independent provider of global calibration, repair, and software solutions. Prior to that, he was President and Chief Executive Officer of Davis Calibration, Inc. and served as President of its related business and predecessor, Davis Inotek Corp. and Davis Instruments Corp., respectively.
Mr. Rudow noted, “I have always been impressed with Transcat’s record of accomplishments and am extremely pleased to be a part of this successful business. I look forward to my expanded leadership responsibilities in a company that maintains a compelling vision for growth and a strategic plan to see it through.”
ABOUT TRANSCAT
Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and compliance services including analytical instrument qualifications, equipment and process validation. Targeted industries include life science, biotechnology, medical device, pharmaceutical and other FDA-regulated industries, industrial manufacturing, energy and utilities, chemical manufacturing and other industries. Throughout its 17 strategically located centers of excellence in the United States, Canada and Puerto Rico, Transcat delivers precise services with reliable turn-around times. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be among the best in the industry.
In addition, Transcat operates as a leading distributor of professional grade handheld test, measurement and control instrumentation. Through its distribution products segment, Transcat markets and distributes premier and propriety brand instruments to nearly 15,000 customers. The Company offers access to more than 25,000 test, measurement and control products.
Transcat’s growth strategy is to expand its product and service platform comprised of a balanced suite of test products and analytical, calibration, compliance, and validation services. The goal is to deliver specialized technical services with a quality assurance approach, which maximizes document accuracy and on-time job delivery. Transcat answers the call with cGMP, GLP, and GXP compliant services. Transcat can provide life science companies with a reliable alternative service and product solution to the OEMs and to the “generalist” service providers who cannot meet the client’s specialized needs.
More information about Transcat can be found on its website at: transcat.com
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Transcat, Inc.
John J. Zimmer
Sr. VP, Finance and CFO
585-352-7777
jzimmer@transcat.com
or
Deborah K. Pawlowski
Investor Relations
716-843-3908
dpawlowski@keiadvisors.com
Each tangible equity unit will consist of a prepaid stock purchase contract and an amortizing note. Unless earlier settled or redeemed, each stock purchase contract will automatically settle on October 1, 2015 for shares of Class A Common Stock (subject to postponement in limited circumstances). The amortizing notes will pay equal quarterly installments that will constitute a payment of interest and a partial repayment of principal. The amortizing notes will have a final installment payment date of October 1, 2015 and will be unsecured senior obligations of the Company.
The Company intends to use the net proceeds of the offerings to partially fund the acquisition of RailAmerica, Inc. (“RailAmerica”). If the acquisition of RailAmerica is not completed, the Company intends to use the net proceeds from these offerings for general corporate purposes, including strategic investments and acquisitions. If the tangible equity units offering is completed but the acquisition of RailAmerica is not consummated, the Company may redeem all, but not less than all, of the outstanding purchase contracts by issuing a redemption notice during the five business day period following April 30, 2013. The Company will pay a redemption price at that time in cash or in shares of Class A Common Stock in accordance with the terms of the purchase contracts. If the Company elects to redeem the purchase contracts, it may be required by the holders thereof to repurchase the amortizing notes at the repurchase price set forth in the amortizing notes.
BofA Merrill Lynch, Citigroup and J.P. Morgan are serving as the joint book-running managers for the Class A Common Stock offering. BofA Merrill Lynch, Citigroup and J.P. Morgan are serving as the joint book-running managers for the tangible equity units offering.
The shares of Class A Common Stock and tangible equity units, including the component stock purchase contracts and amortizing notes, will be issued pursuant to an effective registration statement previously filed with the Securities and Exchange Commission (the “SEC”) on Form S-3 and available for review on the SEC’s website at www.sec.gov. A preliminary prospectus supplement related to the offering of Class A Common Stock and a preliminary prospectus supplement related to the offering of tangible equity units will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.
Copies of the preliminary prospectus supplement and the accompanying base prospectus related to the Class A Common Stock and the preliminary prospectus supplement and the accompanying base prospectus related to the tangible equity units may be obtained from BofA Merrill Lynch at 222 Broadway, 7th Floor, New York, New York 10038, Attn: Prospectus Department, email: dg.prospectus_requests@baml.com; Citigroup, Attn: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, batprospectusdept@citi.com or by calling 1-800-831-9146; and J.P. Morgan, Attn: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717, or by calling 1-866-803-9204.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Company owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, the Company operates the Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 66 railroads organized in 10 regions, with more than 7,600 miles of owned and leased track and approximately 1,400 additional miles under track access arrangements. The Company provides rail service at 23 ports in North America, Australia and Europe and performs contract coal loading and railcar switching for industrial customers.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast. Actual results may differ materially from those expressed or forecast in these forward-looking statements. Examples of factors that could cause actual results to vary from those expressed in forward-looking statements include all statements that are not historical in nature, including statements regarding: (1) the industry and markets, including their outlook, in which we operate and our competitive position; (2) the impact of political, social or economic conditions (including commodity demand associated with the industrialization of developing economies) on our results and our susceptibility to downturns in the general economy; (3) our operations, competitive position, growth strategy and prospects; (4) our ability to complete, integrate and benefit from acquisitions, including our pending acquisition of RailAmerica, Inc., investments, joint ventures and strategic alliances, and the challenges associated with managing rapid growth and operating a global business with decentralized management and operations; (5) our indebtedness and our ability to fulfill our obligations under such indebtedness; (6) the imposition of operational restrictions as a result of covenants in our debt agreements; (7) our susceptibility to severe weather conditions, climate change and other natural occurrences, which could result in shutdowns, derailments, other substantial disruptions of operations or impacts on our customers; (8) governmental policies, legislative and regulatory developments affecting our railroad operations or the operations of our customers, including the passage of new legislation, rulings by the Surface Transportation Board and the Federal Railroad Administration, as well as the actions of the Railroad Retirement Board in the United States and the actions of the governmental entities in the foreign jurisdictions where we operate; (9) our relationships with Class I railroads and other connecting carriers for our operations; (10) our ability to obtain railcars and locomotives from other providers on which we are currently dependent; (11) competition from numerous sources, including those relating to geography, substitute products, other modes of transportation and other rail operators; (12) changes in foreign exchange policy or rates; (13) strikes, work stoppages or unionization efforts by our employees or in the rail network; (14) our ability to attract, retain and develop a sufficient number of skilled employees, including senior leadership in the various geographies in which we operate; (15) our obligation as a common carrier to transport hazardous materials by rail; (16) the occurrence of losses or other liabilities which are not covered by insurance or which exceed our insurance limits, or which cause our self-insured retentions or insurance premiums to rise; (17) rising fuel costs or constraints in fuel supply; (18) customer retention and contract continuation; (19) our exposure to the credit risk of customers and counterparties; (20) our ability to manage our growth effectively; (21) our funding needs and financing sources, including our ability to obtain government funding for capital projects; (22) acts of terrorism and anti-terrorism measures; (23) the effects of market and regulatory responses to environmental, health and safety law changes, as well as the effects of violations of, or liabilities under, new or existing environmental, health and safety laws, regulations and requirements; (24) our susceptibility to various legal claims and lawsuits; and (25) our susceptibility to risks associated with doing business in foreign countries.
GWI Corporate Communications
Michael Williams, 1-203-629-3722
As a result of this sale, UST ownership interest in AIG will decline to approximately 15.9% from 77% at the beginning of 2012 and 92% following the February 2011 restructuring of AIG’s capital. As such, the actions taken by the UST to dispose of a substantial portion of its remaining stake in AIG marks a significant step in AIG’s progress toward separation from ownership by the U.S. government.
Subsequent to AIG’s restructuring in February 2011, A.M. Best’s ratings of AIG have not specifically reflected support of the U.S. government. At this time, A.M. Best’s ratings of AIG reflect the assessment of its operating insurance companies, with consideration of the potential calls on liquidity from non-insurance operations, including AIG’s Direct Investment Book (DIB) and International Lease Finance Corporation (ILFC), AIG’s aircraft leasing operation. Consequently, the reduction of the UST’s ownership interest does not have an impact on A.M. Best’s ratings of AIG or any of its subsidiaries.
AIG’s financial leverage will increase as a result of its repurchase of shares from the UST but will remain within A.M. Best’s guidelines for its current rating level. The company’s ability to cover its fixed obligations also is within A.M. Best’s guidelines for its current rating level. At the same time, AIG is expected to maintain sufficient liquidity at the holding company level to provide for the potential needs of its operating companies under stressed scenarios.
A.M. Best anticipates that the UST will sell its remaining holdings of AIG common stock as market conditions permit over the near to mid term; however, no definitive time period has been established for such a sale. This expectation is reflected in A.M. Best’s current assessment of the company’s rating.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.
A.M. Best Co.
Jennifer Marshall, 908-439-2200, ext. 5327
Managing Senior Financial Analyst
jennifer.marshall@ambest.com
or
Daniel Ryan, 908-439-2200, ext. 5325
Vice President
daniel.ryan@ambest.com
or
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com
“Is or is currently planning on engaging in any business or in providing any goods or services in Iran or with Iranian-based business anywhere …”
WorleyParsons actively did business in Iran’s oil and natural gas sector, yet in recent discussions with UANI, WorleyParsons stated that it has now discontinued all of its services in Iran and will refrain from any new ones.
WorleyParsons has signed UANI’s Iran Business Declaration, confirming that neither it nor any affiliate:
1. | “Is or is currently planning on engaging in any business or in providing any goods or services in Iran or with Iranian-based business anywhere …” | |
2. | “Is or will be a party to any agreement with any Iranian business or other entity or Iranian governmental author, or the owner of an equity interest in, any Iranian entity.” | |
3. | “Owns or operates any plant, property, equipment, or other assets located in Iran.” | |
UANI accepts WorleyParsons’ pledge, and will list it as withdrawn on the Iran Business Registry.
Said UANI CEO, Ambassador Mark D. Wallace:
We applaud WorleyParsons for ending its business in Iran, and for signing UANI’s Iran Business Declaration. WorleyParsons has sent the Iranian regime a message, that companies around the world will not continue to do business with a country that is pursuing an illegal nuclear weapons program, sponsoring terrorists, and brutalizing its own people.
We call on all businesses to pull out of Iran, and for the U.S., EU, and others to impose a full economic blockade on the Iranian regime.
WorleyParsons is the most recent company to sign UANI’s Iran Business Declaration. In 2009, General Electric partnered with UANI to become the first signatory to the Iran Business Declaration. The IBD affirms that a company does not and will not conduct business in Iran.
Click here to view UANI’s Iran Business Registry.
United Against Nuclear Iran
Nathan Carleton, 212-554-3296
press@uani.com
“We are able to provide vital resources, stability and strength to families because of the incredible support we receive from volunteers, staff and corporate donors, like Dillard’s and its customers”
For the fifth time, Dillard’s is offering a special custom edition of the Southern Living Christmas Cookbook to benefit RMHC. This exclusive, 288-page hardbound cookbook is filled with fabulous holiday recipes, color photos, menus, decorating tips and entertaining ideas. This “must have” cookbook is available for only $10.
The cookbooks are available now in all Dillard’s stores nationwide, as well as online at Dillards.com. Proceeds from the sale of the cookbooks will benefit local Ronald McDonald Houses operated by RMHC Chapters in Dillard’s markets.
“We are able to provide vital resources, stability and strength to families because of the incredible support we receive from volunteers, staff and corporate donors, like Dillard’s and its customers,” said Marty Coyne, president and CEO, Ronald McDonald House Charities. “On behalf of the more than 12,000 children and families we serve every day through RMHC family-centered programs, I thank Dillard’s for this generous contribution.”
Now in its 19th year of support, Dillard’s has raised more than $9.2 million to benefit RMHC. “Our continued relationship with RMHC gives all of us at Dillard’s an enormous sense of pride. We look forward to another successful fundraiser this year and are honored to support the Ronald McDonald Houses in our communities,” said Denise Mahaffy, vice president of Dillard’s.
About Ronald McDonald House Charities
Ronald McDonald House Charities (RMHC), a non-profit, 501 (c) (3) corporation, creates, finds and supports programs that directly improve the health and well being of children. Through its global network of local Chapters in 57 countries and regions, its three core programs, the Ronald McDonald House®, Ronald McDonald Family Room® and Ronald McDonald Care Mobile®, and millions of dollars in grants to support children's programs worldwide, RMHC provides stability and resources to families so they can get and keep their children healthy and happy. All RMHC-supported programs provide a bridge to quality health care and give children and families the time they need together to heal faster and cope better. For more information about RMHC, visit www.rmhc.org, follow RMHC on Twitter (@RMHC), or like RMHC on Facebook (Facebook.com/RMHC Global).
About Dillard’s
Dillard's, Inc. ranks among the nation's largest fashion apparel, cosmetics and home furnishings retailers with annual revenues exceeding $6.2 billion. The Company focuses on delivering maximum fashion and value to its shoppers by offering compelling selections complemented by exceptional customer care. Dillard's stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources. The Company operates 284 Dillard's locations and 18 clearance centers spanning 29 states plus an Internet store at www.Dillards.com. For more information, visit Dillards.com.
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Dillard’s
Julie Johnson Bull, 501-376-5965
“Human resource management has become an increasingly critical function in today’s intensely competitive environment. Chris will add great value as we continue to focus on attracting best in class partners as we build out and grow the BankUnited franchise”
In his new role, Mr. Perry will oversee the bank’s recruiting, employee benefits, payroll and training activities. Prior to joining BankUnited, Mr. Perry spent more than 20 years working in various HR-related leadership roles in South Florida. Most recently he was the Director of Human Resources for the Memorial Healthcare System of Miami.
“Human resource management has become an increasingly critical function in today’s intensely competitive environment. Chris will add great value as we continue to focus on attracting best in class partners as we build out and grow the BankUnited franchise,” stated John Kanas, BankUnited’s Chairman, President and CEO.
About BankUnited
BankUnited, Inc. is a bank holding company with three wholly-owned subsidiaries: BankUnited, N.A., which is one of the largest independent depository institutions headquartered in Florida by assets, BankUnited Investment Services, Inc., a Florida insurance agency which provides comprehensive wealth management products and financial planning services, and Herald National Bank, a commercial bank servicing the New York City market. BankUnited, N.A., is a national bank headquartered in Miami Lakes, Florida, with $11.8 billion of assets, more than 1,395 professionals and 95 branches in 15 counties at June 30, 2012.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology such as “outlook”, “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity. If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Annual Report on Form 10-K for the year ended December 31, 2011 available at the SEC’s website (www.sec.gov).
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BankUnited Inc.
Media Relations:
Mary Harris, 305-817-8117
mharris@bankunited.com
The affirmation and Stable Outlook reflect the current rating of the underlying collateral, consisting of 2007-1 class A, B, and C notes issued by Capital One Multi-Asset Execution Trust. Currently the class A notes are rated 'AAAsf' with a Stable Outlook. The class B and C notes have been affirmed at 'Asf' and 'BBBsf', respectively, with a Stable Outlook. Payments under the credit facilities are reliant on the cash flow from the underlying assets.
Fitch affirms the following ratings with a Stable Outlook:
Currus VI-IX Limited
--$250,000,000 senior facility at 'BBBsf';
--$3,125,000 subordinated B1 facility at 'BBBsf';
--$3,125,000 subordinated B2 facility at 'BBBsf'.
Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings
Applicable Criteria and Related Research:
--'Global Structured Finance Rating Criteria', June 6, 2012;
--'Fitch Affirms Ratings on Capital One Multi-asset Execution Trust', July 24, 2012.
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Fitch Ratings
Primary Analyst
Brian Perry, +1 212-908-9142
Analyst
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Steven Stubbs, +1 212-908-0676
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com
The live presentation may be accessed through Forestar Group’s Internet site, www.forestargroup.com, by clicking on "Investor Relations – Events and Presentations". Replays of the presentation will be available for two weeks following completion of the live presentation.
About Forestar Group
Forestar Group Inc. operates in three business segments: mineral resources, real estate and fiber resources. At the end of the second quarter 2012, the real estate segment owns directly or through ventures almost 145,000 acres of real estate located in eight states and twelve markets in the U.S. The real estate segment has 16 real estate projects representing approximately 27,600 acres currently in the entitlement process, and 72 entitled, developed and under development projects in seven states and eleven markets encompassing almost 15,600 acres, comprised of almost 24,000 planned residential lots and over 2,400 commercial acres. The mineral resources segment manages approximately 594,000 net acres of oil and gas mineral interests located principally in Texas, Louisiana, Alabama, and Georgia. Also included in the mineral resources segment is a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.4 million acres in Texas, Louisiana, Georgia and Alabama and about 17,800 acres of groundwater leases in central Texas. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. Forestar’s address on the World Wide Web is www.forestargroup.com.
Forward Looking Statements
This release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are typically identified by words or phrases such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,” and other words and terms of similar meaning. These statements reflect management’s current views with respect to future events and are subject to risk and uncertainties. We note that a variety of factors and uncertainties could cause our actual results to differ significantly from the results discussed in the forward-looking statements, including the timing to consummate the proposed merger, the risk that a condition to closing of the proposed merger may not be satisfied; our ability to achieve the synergies and value creation contemplated by the proposed merger; our ability to promptly and effectively integrate Credo’s businesses, and the diversion of management time on merger-related matters. Other factors and uncertainties that might cause such differences include, but are not limited to: general economic, market, or business conditions; changes in commodity prices; the opportunities (or lack thereof) that may be presented to us and that we may pursue; fluctuations in costs and expenses including development costs; demand for new housing, including impacts from mortgage credit availability; lengthy and uncertain entitlement processes; cyclicality of our businesses; accuracy of accounting assumptions; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond our control. Except as required by law, we expressly disclaim any obligation to publicly revise any forward-looking statements contained in this news release to reflect the occurrence of events after the date of this news release.
Forestar Group Inc.
Anna E. Torma, 512-433-5312
“We need to attract and retain the best and brightest talent to have a competitive advantage, and we believe that our work environment should encourage the creativity and collaboration that is part of the product development process.”
After helping cut the ribbon on the modernized engineering center, Gov. Walker met with employees and toured the Waukesha gas engines manufacturing operation. The tour included a 4,800 horsepower engine destined for an oversea oilfield and a Waukesha engine that provided standby electrical power to the World Trade Center in the midst of the tragedy on September 11, 2001.
“Developing best-in-class products requires a very creative approach to technology,” said Brian White, president of GE’s Waukesha gas engines. “We need to attract and retain the best and brightest talent to have a competitive advantage, and we believe that our work environment should encourage the creativity and collaboration that is part of the product development process.”
Engines produced by GE’s Waukesha facility are used in all stages of natural gas production, helping to meet the global need for cleaner, lower-carbon fuels. The Waukesha gas engines business, which has been in Waukesha, Wis., for more than 100 years, was acquired by GE to complement the company’s high-efficiency Jenbacher gas engines that are used for power generation.
At present, GE’s Waukesha facility employs about 680 people—about 100 of them in engineering. Since the acquisition, GE also has invested approximately $1.8 million in employee health and safety projects at Waukesha.
“The future of Wisconsin depends on the strength of its businesses, small and large alike,” said Gov. Walker. “GE’s Waukesha gas engines facility epitomizes both Wisconsin’s robust manufacturing heritage and a growing spirit of innovation—making us more nimble and competitive on the global stage. We are delighted that GE is continuing to invest in this business, in Waukesha and in our state.”
Backed by more than a century of innovation and engine-building expertise, GE’s Waukesha gas engines are designed and built to perform reliably in isolated, mission-critical and demanding applications in oil and gas fields, factories and utilities worldwide. Waukesha gas engines, from 160 to 4,835 horsepower, drive compressors used in natural gas production, transmission and storage; electrical generators that provide oilfield power; and air compressors, cooling systems, blowers and pumps that are used in a wide range of industrial and utility applications. Waukesha gas engines feature extended maintenance intervals, fuel flexibility and rich-burn as well as lean-burn alternatives for optimal fuel efficiency at varying emissions-compliance levels.
As part of a national GE Works series of events, today’s announcement exemplifies GE’s continuing commitment to and impact on Wisconsin. With more than 7,000 employees statewide at GE Healthcare, Energy and Capital, GE has an overall economic impact annually of more than $3.8 billion on the state, according to a recent third party analysis.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Numerous products are qualified under ecomagination, GE’s commitment to providing innovative solutions that maximize resources, drive efficiencies and help make the world work better. Power & Water’s seven business units include Aeroderivative Gas Turbines; Gas Engines; Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.
Follow GE Power & Water and ecomagination on Twitter @GE_PowerWater and @ecomagination.
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Media:
GE Gas Engines
Kerstin Lienbacher
+1 262-549-2890
+43 676 8944 2077
kerstin.lienbacher@ge.com
or
GE Healthcare
Benjamin Fox, +1 414-721-4013
benjamin.fox@ge.com
“Developing best-in-class products requires a very creative approach to technology”
After helping cut the ribbon on the modernized engineering center, Gov. Walker met with employees and toured the Waukesha gas engines manufacturing operation. The tour included a 4,800 horsepower engine destined for an oversea oilfield and a Waukesha engine that provided standby electrical power to the World Trade Center in the midst of the tragedy on September 11, 2001.
“Developing best-in-class products requires a very creative approach to technology,” said Brian White, president of GE’s Waukesha gas engines. “We need to attract and retain the best and brightest talent to have a competitive advantage, and we believe that our work environment should encourage the creativity and collaboration that is part of the product development process.”
Engines produced by GE’s Waukesha facility are used in all stages of natural gas production, helping to meet the global need for cleaner, lower-carbon fuels. The Waukesha gas engines business, which has been in Waukesha, Wis., for more than 100 years, was acquired by GE to complement the company’s high-efficiency Jenbacher gas engines that are used for power generation.
At present, GE’s Waukesha facility employs about 680 people—about 100 of them in engineering. Since the acquisition, GE also has invested approximately $1.8 million in employee health and safety projects at Waukesha.
“The future of Wisconsin depends on the strength of its businesses, small and large alike,” said Gov. Walker. “GE’s Waukesha gas engines facility epitomizes both Wisconsin’s robust manufacturing heritage and a growing spirit of innovation—making us more nimble and competitive on the global stage. We are delighted that GE is continuing to invest in this business, in Waukesha and in our state.”
Backed by more than a century of innovation and engine-building expertise, GE’s Waukesha gas engines are designed and built to perform reliably in isolated, mission-critical and demanding applications in oil and gas fields, factories and utilities worldwide. Waukesha gas engines, from 160 to 4,835 horsepower, drive compressors used in natural gas production, transmission and storage; electrical generators that provide oilfield power; and air compressors, cooling systems, blowers and pumps that are used in a wide range of industrial and utility applications. Waukesha gas engines feature extended maintenance intervals, fuel flexibility and rich-burn as well as lean-burn alternatives for optimal fuel efficiency at varying emissions-compliance levels.
As part of a national GE Works series of events, today’s announcement exemplifies GE’s continuing commitment to and impact on Wisconsin. With more than 7,000 employees statewide at GE Healthcare, Energy and Capital, GE has an overall economic impact annually of more than $3.8 billion on the state, according to a recent third party analysis.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Numerous products are qualified under ecomagination, GE’s commitment to providing innovative solutions that maximize resources, drive efficiencies and help make the world work better. Power & Water’s seven business units include Aeroderivative Gas Turbines; Gas Engines; Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.
Follow GE Power & Water and ecomagination on Twitter @GE_PowerWater and @ecomagination.
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Media:
GE Gas Engines
Kerstin Lienbacher
+1 262-549-2890
+43 676 8944 2077
kerstin.lienbacher@ge.com
or
GE Healthcare
Benjamin Fox, +1 414-721-4013
benjamin.fox@ge.com
“We will draw upon that legacy of deployment and distribution experience to help the U.S. Army increase efficiencies on its C4ISR worldwide sustainment services commodity line.”
Under the terms of the agreement, CSC will provide logistics support to the Army command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) worldwide sustainment services commodity line. This task order is a consolidation of three legacy task orders under the S3 contract vehicle.
“CSC has extensive functional and technical experience supporting Department of Defense (DoD) logistics operations,” said Karl Spinnenweber, vice president of CSC’s North American Public Sector Defense Group Ground Division. “We will draw upon that legacy of deployment and distribution experience to help the U.S. Army increase efficiencies on its C4ISR worldwide sustainment services commodity line.”
CSC’s C4ISR team includes Booz Allen Hamilton (BAH), VSE, EPS Corporation (EPS), Lockheed Martin, McLane Advanced Technologies, and Occam Solutions.
For more information about CSC’s logistics solutions, please visit www.csc.com/logistics.
About CSC’s North American Public Sector
As a go-to partner for critical national programs, CSC offers thought leadership, specialized skills and innovative services in critical areas for government clients. Leveraging a global footprint in both private and public sectors, and experience gained from serving almost every U.S. government agency, CSC’s North American Public Sector (NPS) brings innovative ideas and proven best practices to help the U.S. government meet mission-critical requirements. For more information about CSC’s government solutions, visit www.csc.com/government.
About CSC
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 96,000 employees and reported revenue of $15.8 billion for the 12 months ended June 29, 2012. For more information, visit the company’s website at www.csc.com.
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CSC
Heather Williams
Senior Manager, Communications
North American Public Sector
703-205-6130
hwilliams22@csc.com
or
Joel Shadle
Global Media Relations
CSC Corporate
703-645-2660
jshadle@csc.com
or
Stephen Virostek
Director, Investor Relations
CSC Corporate
703-641-3000
investorrelations@csc.com
Management will hold a conference call to discuss the financial results on Wednesday, September 19, 2012 at 8:00am PDT/11:00am EDT. The U.S. and International dial in information is: (973) 500-2164; Conference ID 29873355.
If you are unable to participate during the live event, a replay will be made available approximately two hours after the conclusion of the live event. The replay will be available for seven days and can be accessed by calling (404) 537-3406. The conference ID is 29873355.
CKE Restaurants, Inc.
CKE Restaurants, Inc. is a privately held company headquartered in Carpinteria, Calif. As of the end of the second quarter of fiscal 2013, the Company, through its subsidiaries, had a total of 3,279 franchised or company-operated restaurants in 42 states and 26 foreign countries. For more information about CKE Restaurants, please visit www.ckr.com.
CKE Public Relations
Beth Mansfield, 805-745-7741
bmansfield@ckr.com
“I am incredibly honored – and humbled – by this recognition. I enjoyed a wonderful career at Pepperidge Farm and Campbell and am proud of what I and my team achieved through the years”
Campbell invested more than $30 million in the project, reflecting its strategy to drive continued growth and innovation in its Global Baking and Snacking portfolio, the company’s second-largest reporting segment. Key components of the segment are Pepperidge Farm in the U.S. and Arnott’s Biscuits in Australia. In fiscal 2012, sales increased 2 percent in the segment to $2.193 billion.
“Campbell is committed to driving sustainable, profitable net sales growth through consumer-focused innovation,” said Denise Morrison, President and Chief Executive Officer, Campbell Soup Company. “Our investment in the new Pepperidge Farm innovation center will help accelerate the rate of new product development across our Baking and Snacking portfolio. This new building is a visible recognition of Pepperidge Farm's long history of successful innovation, as well as our commitment to delivering the next generation of new products for consumers.”
The innovation center features a contemporary design with a curved glass exterior and houses a state-of-the-art pilot plant with product development and testing lines; culinary kitchens, including a “broadcast-type” culinary demonstration kitchen; and scientific labs and meeting rooms. The center was designed as an environmentally-friendly, LEED-certified (Leadership in Energy and Environmental Design) “green” building and employs a variety of energy efficiency, water conservation and daylight harvesting techniques. Recycled building materials were used in the construction.
Irene Chang Britt, President, Pepperidge Farm and Senior Vice President Global Baking and Snacking, said, “I feel a tremendous sense of excitement and potential for the opportunities that exist in Pepperidge Farm and Campbell’s Global Baking and Snacking businesses. This new innovation center embodies the bright and dynamic future we see ahead.”
In honor of its recently retired President of Pepperidge Farm, Campbell named the two-story glass-enclosed structure The Patrick J. Callaghan Innovation Center. Callaghan’s career at Pepperidge Farm spanned 33 years. He served as President from 2006 until Aug. 1, 2012. During that time, Callaghan and his team delivered strong business results and a continuous stream of new products, including "Milano Melts," "Milano Slices," "Baked Naturals Snack Crackers," "Cracker Chips" and "Deli Flats" thin rolls and also extended its high-growth "Goldfish" brand to sweet treats and to the bread aisle.
“I am incredibly honored – and humbled – by this recognition. I enjoyed a wonderful career at Pepperidge Farm and Campbell and am proud of what I and my team achieved through the years,” said Callaghan. “It is truly a dream come true for me and many others, and I know all the benefits we anticipated here will be brought to life by the Pepperidge Farm and Campbell teams.”
Designed by The Dennis Group, Springfield, Mass., and Perkins Eastman, Stamford, Conn., the innovation center is an extension of Pepperidge Farm’s headquarters and connects to the main building by a glass enclosed internal walkway, which allows viewing of the research floor. The project also includes extensive upgrading of Pepperidge Farm’s existing headquarters which is set to be completed in early 2013. Once completed, Pepperidge Farm’s headquarters will include approximately 115,000 square feet of office and research and development space. The company also leases 33,500 square feet of space at Norwalk’s NordenPlace Office Park.
About Pepperidge Farm
Pepperidge Farm, Incorporated, based in Norwalk, Connecticut, is a leading provider of premium quality fresh bakery products, cookies, crackers, and frozen foods. Among the company’s most popular products are Sausalito® and Milano® cookies, Goldfish® and Baked Naturals® crackers, frozen Puff Pastry, frozen garlic loaves and Texas toasts, and more than 50 varieties of fresh baked breads including Pepperidge Farm® Swirl, Farmhouse and Whole Grain. The company added Ecce Panis® gourmet artisan breads to its portfolio in 2009. Pepperidge Farm was founded in Connecticut in 1937 by Margaret Rudkin, an entrepreneurial homemaker who began baking fresh, all-natural bread for her allergy-afflicted son. The company is now a nationwide business with 9 manufacturing facilities and almost 5,000 employees. Pepperidge Farm has been part of Campbell Soup Company since 1961.
Pepperidge Farm
Geri Allen, 203-846-7351
Geri_Allen@pepperidgefarm.com
or
Campbell Soup Company
Anthony Sanzio, 856-968-4390
Anthony_Sanzio@campbellsoup.com