DALLAS, March 21, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Hugoton Royalty Trust (the "Trust") (OTCQB: HGTXU) announced today there would not be a cash distribution to the holders of its units of beneficial interest for March 2025 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $28,000 for the payment of Trust expenses. To the extent net profits income is received in future months, the Trustee anti ...

Financial Performance - In 2024, the total free cash flow reached R$ 2.4 billion, resulting in an annualized free cash flow yield of approximately 85% [1][2] - The EBITDA for the fourth quarter of 2024 was R$ 943.7 million, marking a record for a single quarter, with an EBITDA margin of 8.8%, up by 56% compared to 4Q23 and 16% compared to 3Q24 [3] - Consolidated gross revenue for the fourth quarter of 2024 was R$ 11.4 billion, a 76% increase from 4Q23 and a 27% increase from the previous quarter [4][6] - Net revenue for the fourth quarter of 2024 totaled R$ 10.7 billion, also a record level, reflecting a 74% increase year-over-year and a 26% increase quarter-over-quarter [6] Operational Expansion - The company completed the acquisition of ten industrial and commercial facilities in Brazil, Argentina, and Chile, increasing its operational footprint to 46 industrial units with a daily processing capacity of 41,789 cattle and 25,716 sheep [7] - Since 2018, the company has accumulated around R$ 9 billion in free cash flow generation, indicating strong operational efficiency and cash generation capabilities [2] Market Position - In 2024, exports accounted for 53% of the total gross revenue, reinforcing the company's leadership in beef exports in South America with a market share of approximately 20% [4] - The United States and China represented 33% and 20% of Minerva Foods's exports from South America in the fourth quarter, highlighting the benefits of geographic diversification [5]

Core Viewpoint - The expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act marks a positive development for the proposed combination of Dowlais and AAM, with expectations for the deal to close in the fourth quarter of 2025, pending other regulatory approvals [1][2]. Group 1: Combination Details - The expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for closing the combination [2]. - The combination is anticipated to close in the fourth quarter of 2025, subject to the fulfillment of remaining conditions outlined in the Rule 2.7 announcement [2]. Group 2: Advisory and Legal Support - Allen Overy Shearman Sterling LLP is serving as the legal adviser to AAM, while Slaughter and May is advising Dowlais [4]. - Cravath, Swaine & Moore LLP is acting as U.S. legal adviser to Dowlais, and Rothschild & Co is exclusively advising Dowlais [4][8]. Group 3: Shareholder Communication - Dowlais will prepare a Scheme Document to be distributed to its shareholders, urging them to read it in full for important information regarding the combination [12]. - The announcement is intended for informational purposes and does not constitute an offer or invitation to purchase securities [11][30].

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.301230 per unit for the Sabine Royalty Trust, payable on March 31, 2025, to unit holders of record on March 17, 2025 [1] Production and Revenue Details - The distribution reflects oil production for December 2024 and gas production for November 2024, with preliminary production volumes of approximately 45,827 barrels of oil and 1,044,259 Mcf of gas [2] - The average prices for the current month were approximately $69.44 per barrel of oil and $1.86 per Mcf of gas, showing a decrease from the prior month where prices were $69.88 per barrel and $1.99 per Mcf [3] Comparison of Current and Prior Month - Current month production volumes were 45,827 barrels of oil and 1,044,259 Mcf of gas, compared to the prior month’s 68,827 barrels of oil and 1,444,799 Mcf of gas [3] Settlement Proceeds - The March distribution includes a $400,000 settlement payment related to unpaid royalties from TGNR East Texas II, LLC, discovered during an ongoing revenue audit [4] Revenue Posting - Revenues are distributed only after being received, verified, and posted, with approximately $1,104,000 in revenue received since the end of February [5][6]

Core Viewpoint - First Quantum Minerals Ltd. announced the early results of its cash tender offer for its outstanding 6.875% Senior Notes due 2027, with a maximum aggregate principal amount of up to $750 million [1][4]. Group 1: Tender Offer Details - The tender offer was initiated on February 19, 2025, and the early tender time was set for March 4, 2025, at 5:00 p.m. New York City time [2][4]. - As of the early tender time, a total of $1,372,316,000 in principal amount of the Notes was validly tendered, exceeding the maximum tender amount of $750 million [3][5]. - The company will accept the Notes on a prorated basis due to the oversubscription, and the tender offer will expire on March 19, 2025 [5]. Group 2: Financial Terms - Holders who validly tendered their Notes by the early tender time are eligible to receive a total consideration of $1,012.00 per $1,000 principal amount of Notes, which includes an early tender premium [6]. - The total consideration consists of a tender consideration of $962.00 plus an early tender premium of $50.00, along with accrued and unpaid interest [6]. Group 3: Settlement Information - The company plans to make payment for the accepted Notes on March 6, 2025, which is designated as the early settlement date [4]. - Notes purchased in the tender offer will be retired and canceled following the completion of the transaction [6].

Core Viewpoint - Chord Energy Corporation has initiated a cash tender offer to purchase all outstanding 6.375% senior notes due 2026, with the aim of acquiring these notes to manage its debt effectively [1][7]. Offer Details - The tender offer is for $400 million of 6.375% senior notes due May 31, 2025 [2]. - The offer will expire at 5:00 p.m. New York City time on March 10, 2025, unless extended or terminated by the company [4]. - Holders of the 2026 Notes must validly tender their notes or submit a Notice of Guaranteed Delivery before the expiration date to receive the consideration [5]. Financial Aspects - The consideration payable per $1,000 principal amount of 2026 Notes will be based on a fixed spread of 50 basis points plus the yield to maturity of the U.S. Treasury Reference Security [6]. - Accrued and unpaid interest will be paid on all validly tendered and accepted 2026 Notes from the last interest payment date up to the settlement date, expected around March 13, 2025 [5]. Funding and Conditions - The company plans to fund the tender offer with net proceeds from a concurrent senior notes offering [7]. - The offer is conditioned upon the successful completion of the new notes offering [7]. Company Background - Chord Energy Corporation is an independent exploration and production company focused on sustainable long-lived assets in the Williston Basin, emphasizing capital discipline and free cash flow generation [12].

Group 1 - Paramount Global's Board of Directors declared a quarterly cash dividend of $0.05 per share on both Class A and Class B Common Stock [1] - The dividend is scheduled to be payable on April 1, 2025, to stockholders of record at the close of business on March 17, 2025 [1] Group 2 - Paramount Global is a leading global media, streaming, and entertainment company that creates premium content and experiences for audiences worldwide [2] - The company's portfolio includes iconic brands such as CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, and Pluto TV [2] - Paramount holds one of the industry's most extensive libraries of TV and film titles and offers innovative streaming services and digital video products [2]

Core Points - Service Corporation International (SCI) has announced a 6.7% increase in its quarterly cash dividend, raising it from thirty cents to thirty-two cents per share of common stock [1] - The new dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025 [1] - The company intends to continue paying regular quarterly cash dividends, subject to the Board of Directors' review of financial performance [1] Company Overview - Service Corporation International is the largest provider of deathcare products and services in North America, serving approximately 700,000 families annually [3] - The company operates a diversified portfolio of brands, offering a range of services from simple cremations to full life celebrations [3] - As of December 31, 2024, SCI owned and operated 1,493 funeral service locations and 496 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [3]

Core Points - First Quantum Minerals Ltd. has increased the maximum principal amount of its Tender Offer from $500 million to $750 million for its 6.875% Senior Notes due 2027 [1][2] - The Tender Offer will expire on March 19, 2025, with an early tender deadline of March 4, 2025 [3] - Holders of the Notes can receive $1,012 per $1,000 principal amount if they tender before the early deadline, and $962 if they tender after [3] - The completion of the Tender Offer is subject to certain conditions, including the successful closing of a concurrent offering of $1 billion in new senior notes due 2033 [4] - The terms of the Tender Offer remain unchanged except for the increase in the maximum amount [5] Tender Offer Details - The Tender Offer allows holders to withdraw their Notes at any time before the early tender deadline [3] - The Total Consideration includes a $50 early tender premium for those who tender before the early deadline [3] - The Company reserves the right to amend, extend, or terminate the Tender Offer at any time [4] Financial Context - The proceeds from the new notes offering will be used to repay a portion of the revolving credit facility and fund the Total Consideration for the Tender Offer [4] - The Company has engaged several financial institutions as Dealer Managers for the Tender Offer [7]

Core Viewpoint - First Quantum Minerals Ltd. has initiated a cash tender offer for its outstanding 6.875% Senior Notes due 2027, with a maximum aggregate principal amount of up to $500 million, which may be increased under the terms of the offer [1][4]. Tender Offer Details - The tender offer will expire at 5:00 PM New York City time on March 19, 2025, with an early tender time set for March 4, 2025 [2]. - Holders who tender their notes by the early tender time will receive a total consideration of $1,012.00 per $1,000 principal amount, which includes a $50.00 early tender premium [2][4]. - For notes tendered after the early tender time but before the expiration time, the consideration will be $962.00 per $1,000 principal amount [2][4]. Financial Information - The total outstanding principal amount of the notes is $1.5 billion, with a maximum tender amount of $500 million [3][4]. - The company may increase the maximum tender amount up to $750 million, and notes tendered before the early tender time will have priority [6][5]. Conditions and Settlement - The consummation of the tender offer is subject to certain conditions, including the successful pricing and closing of a concurrent offering of senior unsecured notes [8][7]. - Early settlement for notes tendered by the early tender time is expected to occur two business days following that date, while final settlement for notes tendered after the early tender time is expected two business days after the expiration time [10]. Additional Information - Holders wishing to subscribe for new notes may apply for priority allocation, subject to the terms outlined in the offer [9]. - The company has engaged several financial institutions as dealer managers for the tender offer [12].