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ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Bath & Body Works, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBWI
Globenewswire· 2026-02-18 21:40
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bath & Body Works, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on March 16, 2026 [1]. Group 1: Class Action Details - Investors who bought Bath & Body Works securities between June 4, 2024, and November 19, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm [3][6]. - The lawsuit alleges that Bath & Body Works made materially false and misleading statements regarding its business strategy and financial performance, which led to investor damages when the truth was revealed [5]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019, and has been consistently ranked among the top firms for securities class action settlements [4].
Iris Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing February 24, 2026
Globenewswire· 2026-02-18 21:40
Dubai, United Arab Emirates, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Iris Acquisition Corp II (NYSE: IRAB U) (the “Company”), announced today that, commencing February 24, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will t ...
Regency Centers Prices $450 Million Senior Unsecured Notes Offering
Globenewswire· 2026-02-18 21:38
Group 1 - Regency Centers Corporation announced a $450 million public offering of senior unsecured notes due 2033 with a coupon of 4.50% [1] - The notes will mature on March 15, 2033, and were issued at 99.376% of par value, with interest payable semiannually starting September 15, 2026 [1][2] - The net proceeds will be used to reduce the outstanding balance on its line of credit, repay $100 million of 3.81% notes due May 11, 2026, and for general corporate purposes [2] Group 2 - The offering is managed by BofA Securities, J.P. Morgan, and several other financial institutions acting as joint book-running managers [3] - Regency Centers is a qualified real estate investment trust (REIT) that operates as a fully integrated real estate company, focusing on shopping centers in suburban areas [7]
OR Royalties Declares First Quarter 2026 Dividend
Globenewswire· 2026-02-18 21:34
Core Viewpoint - OR Royalties Inc. has announced a first quarter 2026 dividend of US$0.055 per common share, payable on April 15, 2026, to shareholders of record as of March 31, 2026 [1] Dividend Information - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - For Canadian shareholders, the equivalent amount in Canadian dollars will be determined based on the daily rate published by the Bank of Canada on March 31, 2026 [2] Shareholder Participation - Non-registered beneficial shareholders must submit a new enrolment form to continue participating in the Company's dividend reinvestment plan (the "Plan") following a name change and new CUSIP number effective May 8, 2025 [3] - Shareholders interested in the Plan should contact their financial advisor or institution for enrolment details and deadlines [4] Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [7] - The company has grown from a single producing asset in June 2014 to a portfolio of over 195 royalties, streams, and similar interests, anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the largest gold mines globally [7]
Averin Capital Acquisition Corp. Announces the Pricing of $250,000,000 Initial Public Offering
Globenewswire· 2026-02-18 21:33
Company Overview - Averin Capital Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily focusing on opportunities in the technology and health industries [2]. IPO Details - The company announced the pricing of its initial public offering (IPO) of 25,000,000 units at a price of $10.00 per unit, with units expected to be listed on the Nasdaq Global Market under the ticker symbol "ACAAU" starting February 19, 2026 [1]. - Each unit consists of one Class A ordinary share and one-sixth of one redeemable warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at a price of $11.50 per share [1]. - An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering, which is expected to close on February 20, 2026, subject to customary closing conditions [1]. - The underwriters have been granted a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments [1]. Management Team - The management team is led by David A. Berry as Chairman and Chief Executive Officer, and Alex Lau as Chief Financial Officer and Secretary. The Board of Directors includes Ulrik Schulze, Graeme Bell, and Mary T. Szela [3]. Underwriting - Deutsche Bank Securities Inc. is acting as the sole book-running manager for the offering [3]. Regulatory Information - A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on February 18, 2026 [5]. - The offering is being made only by means of a prospectus, which can be obtained from Deutsche Bank Securities Inc. or accessed via the SEC's website [4].
OR Royalties Reports Record 2025 Results and Provides 2026 GEO Delivery Guidance and New 5-Year Outlook
Globenewswire· 2026-02-18 21:31
Core Insights - OR Royalties Inc. reported record annual revenues of $277.4 million and record operating cash flows of $245.6 million for the year-end 2025, marking significant growth compared to previous years [1][5]. Financial Highlights - The company earned 80,775 gold equivalent ounces (GEOs) in 2025, slightly up from 80,740 GEOs in 2024 [5]. - Revenues from royalties and streams reached $277.4 million, a 45% increase from $191.2 million in 2024 [5]. - Operating cash flows increased to $245.6 million, up from $159.9 million in 2024 [5]. - The cash margin was recorded at $268.3 million or 96.7%, compared to $184.4 million or 96.5% in 2024 [5]. - Net earnings were $206.1 million, translating to $1.10 per basic share, a significant rise from $16.3 million or $0.09 per basic share in 2024 [5]. - Adjusted earnings were $165.5 million, or $0.88 per basic share, compared to $97.3 million or $0.52 per basic share in 2024 [5]. Operational Developments - The company is now debt-free after fully repaying its revolving credit facility, with net repayments totaling $94.9 million in 2025 [5]. - A total of 1.1 million common shares were purchased for cancellation at a cost of $36.7 million [5]. - As of December 31, 2025, the cash balance stood at $142.1 million [5]. Strategic Acquisitions - OR Royalties International Ltd. acquired a 100% silver stream on Orla Mining Ltd.'s South Railroad project for $13.0 million [5]. - The company also acquired a 1.5% net smelter return (NSR) royalty from Japan Gold Corp. for $5.0 million [5]. - A basket of royalties across various projects in British Columbia was acquired from Sable Resources Ltd. for C$3.8 million ($2.8 million) [5]. Future Guidance - For 2026, OR Royalties expects GEOs earned to range between 80,000 to 90,000 with an average cash margin of approximately 97% [7]. - The guidance assumes ramp-ups at the Dalgaranga and San Gabriel mines, as well as increased payments from the Namdini mine [8]. - The 5-year outlook anticipates generating between 120,000 and 135,000 GEOs by 2030, factoring in new production from various projects [10]. Management Commentary - The President & CEO highlighted 2025 as a landmark year, emphasizing the company's financial flexibility and growth potential, with expectations of 50% GEO growth by 2030 [14].
Host Hotels & Resorts, Inc. Reports Results for 2025
Globenewswire· 2026-02-18 21:30
Core Insights - Host Hotels & Resorts, Inc. reported a full year comparable hotel Total RevPAR growth of 4.2% and a comparable hotel RevPAR growth of 3.8% for 2025, driven by increased transient demand and improvements in food and beverage revenues [1][5] - The company completed two asset sales in 2025 and has four additional assets sold or under contract in early 2026, indicating a strategic focus on capital allocation [1][4] - For 2026, the company provided guidance for comparable hotel Total RevPAR growth in the range of 2.5% to 4.0% [1][17] Financial Performance - Total revenues for the fourth quarter of 2025 were $1.603 billion, a 12.3% increase from $1.428 billion in the fourth quarter of 2024, and full year revenues reached $6.114 billion, up 7.6% from $5.684 billion [3][27] - Net income for the fourth quarter was $137 million, a 25.7% increase compared to $109 million in the same quarter of 2024, while full year net income was $776 million, up 9.8% from $707 million [3][5] - The company reported a diluted earnings per common share of $0.20 for the fourth quarter and $1.10 for the full year, reflecting increases of 33.3% and 11.1% respectively compared to the previous year [3][29] Asset Management and Capital Allocation - In 2025, the company sold $1.4 billion of real estate across five properties and reinvested $644 million in capital expenditures and resiliency investments [4][5] - The company returned $859 million to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder value [4][5] - The company has a robust balance sheet with total assets of $13.0 billion and a debt balance of $5.1 billion, maintaining a balanced maturity schedule [9][13] Operational Highlights - Comparable hotel Total RevPAR for the fourth quarter of 2025 was $380.71, a 5.4% increase from the same period in 2024, driven by improvements in room revenues and ancillary spending [3][13] - The company’s comparable hotel EBITDA for the fourth quarter was $411 million, a 4.1% increase year-over-year, while the comparable hotel EBITDA margin declined slightly to 28.0% [3][13] - The company’s customer mix for 2025 included approximately 61% transient, 34% group, and 5% contract business, with group room nights down year-over-year due to planned renovations [11][12] 2026 Outlook - The company anticipates stable operating conditions in 2026, with guidance for comparable hotel Total RevPAR growth between $382 and $388, and net income expected to range from $836 million to $891 million [15][17] - The guidance reflects a modest improvement in short-term group booking trends and continued strength in leisure transient demand, bolstered by events such as the FIFA World Cup [15][16] - The company expects to maintain its investment-grade balance sheet and significant liquidity to capitalize on future opportunities [4][15]
Main Street Financial Services, Corp. Announces Opening of Full-Service Branch in Canfield, Ohio
Globenewswire· 2026-02-18 21:30
Core Insights - Main Street Financial Services, Corp. is set to open a new full-service banking branch in Canfield, Ohio, enhancing its presence in the region [1][2] - The new branch will support the existing loan production office and provide a comprehensive range of consumer and commercial banking products and services [1][2] - The branch aims to strengthen customer relationships by offering personalized banking solutions tailored to individual and business needs [3] Company Overview - Main Street Bank operates as a wholly owned subsidiary of Main Street Financial Services, Corp., with a total of twenty-one full-service banking locations across north central Ohio and West Virginia [4]
Host Hotels & Resorts Announces Sale of the Four Seasons Resort Orlando at Walt Disney World® Resort and the Four Seasons Resort and Residences Jackson Hole
Globenewswire· 2026-02-18 21:30
Completed the Previously Announced Sale of the St. Regis HoustonBETHESDA, Md., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the "Company"), the nation's largest lodging real estate investment trust, today announced it has sold the 444-room Four Seasons Resort Orlando at Walt Disney World® Resort in Orlando, Florida and the 125-room Four Seasons Resort and Residences Jackson Hole in Teton Village, Wyoming, for a sale price of $1.1 billion. The Company purchased the hotels in 2 ...
Teladoc Health Appoints Michael Smith, Experienced Insurance and Financial Services Executive, to Its Board of Directors
Globenewswire· 2026-02-18 21:30
NEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Teladoc Health (NYSE: TDOC), the global leader in virtual care, today announced the appointment of Michael Smith to its board of directors. With more than three decades of leadership experience in financial management and strategic transformation, Mr. Smith brings a deep understanding of long-term business sustainability within highly regulated, global markets. He joins the board following the previously announced retirements of Eric Evans and Thomas McKinley and ...