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UNDER ARMOUR PRICES PRIVATE OFFERING OF $400 MILLION IN SENIOR NOTES DUE 2030
Prnewswire· 2025-06-17 20:30
Core Viewpoint - Under Armour, Inc. has announced a private offering of $400 million in Senior Notes with a 7.250% interest rate due in 2030, expected to close on June 23, 2025 [1][2] Group 1: Offering Details - The Senior Notes will be senior, unsecured obligations of Under Armour, with interest paid semiannually [2] - The offering is exempt from registration under the Securities Act of 1933 [1][4] Group 2: Use of Proceeds - Under Armour plans to use the net proceeds from the offering, along with other funds, to redeem or retire $600 million of its outstanding 3.25% Senior Notes due in 2026 within 60 days of the offering's closing [3][6] Group 3: Company Overview - Under Armour, Inc. is a leading inventor, marketer, and distributor of branded athletic performance apparel, footwear, and accessories, aimed at enhancing human performance [8]
LandBridge: Exposure To Data Centers And The Growing Water-To-Oil Ratio
Seeking Alpha· 2025-06-17 20:30
Core Insights - Triba Research aims to identify high-quality businesses capable of delivering sustainable, double-digit returns over the long term [1] - The firm's strategy emphasizes companies with strong competitive advantages, operating in growing markets, maintaining low debt levels, and led by skilled management teams [1] - Triba Research prioritizes long-term value creation while staying informed about the latest market developments [1]
Danaher Schedules Second Quarter 2025 Earnings Conference Call
Prnewswire· 2025-06-17 20:30
Core Points - Danaher Corporation will host its quarterly earnings conference call for Q2 2025 on July 22, 2025, at 8:00 a.m. ET, lasting approximately one hour [1] - The call will cover financial performance and future expectations, with a slide presentation available on Danaher's website [2] - A replay of the call will be accessible shortly after its conclusion until August 5, 2025 [3] Company Overview - Danaher is a global leader in life sciences and diagnostics, focused on improving human health through science and technology [4] - The company collaborates with customers to address significant health challenges, enabling faster and more accurate diagnoses [4] - With around 63,000 associates worldwide, Danaher aims to enhance quality of life for billions while laying the groundwork for a sustainable future [4]
Leidos to deliver seamless, secure data sharing across Department of Defense mission networks
Prnewswire· 2025-06-17 20:30
Core Insights - Leidos has been awarded a five-year, $35 million contract to modernize the Defense Information Systems Agency's (DISA) data-sharing platform, enhancing decision-making across the Department of Defense (DoD) [1][2] - The modernization aims to facilitate faster and more agile mission performance by integrating design, engineering, and operations of DISA's tools for transferring critical data between classified and unclassified networks [1][2] - This contract is part of a broader Systems Engineering Technology and Innovation indefinite delivery/indefinite quantity contract [3] Company Overview - Leidos is a leading industry and technology firm that serves both government and commercial clients, focusing on digital and mission innovations [4] - The company is headquartered in Reston, Virginia, and employs approximately 47,000 people globally [4] - For the fiscal year ending January 3, 2025, Leidos reported annual revenues of around $16.7 billion [4]
ExxonMobil CEO talks oil supply amid Iran-Israel conflict
Fox Business· 2025-06-17 20:26
Group 1: Market Supply and Demand - ExxonMobil CEO Darren Woods stated that there is sufficient supply in the global oil market to handle any disruptions to Iranian exports, emphasizing that the main concern is the potential impact on infrastructure and shipping through the Strait of Hormuz [1] - Iran produces 3.3 million barrels per day of crude oil and exports approximately 1.6 million barrels per day, which constitutes less than 2% of total global demand [3] - The Strait of Hormuz is a critical chokepoint, with an average of 20 million barrels per day flowing through it in 2024, representing about 20% of global petroleum liquids consumption [4] Group 2: Price Movements - Oil prices surged following Israeli strikes on Iran's nuclear facilities, with U.S. West Texas Intermediate prices reaching $72 per barrel due to concerns over potential disruptions to Iranian energy supplies [5] - Although the loss of Iranian oil could increase prices by up to $7.50 per barrel, significant disruptions through the Strait of Hormuz could push prices to $100 [7] - Prices began to stabilize as it was reported that export capacity remained intact despite the attacks [7] Group 3: Infrastructure and Capacity - Iran has 11 refineries with a total refining capacity of 2.5 million barrels per day, while Israel has two refineries with a combined capacity of 300,000 barrels per day [9][11] - The Shahr Rey Refinery in Iran, targeted by Israeli missiles, has a capacity of 225,000 barrels per day, indicating the scale of potential impacts on refining capabilities [8]
Amazon expects to reduce corporate jobs due to AI
TechCrunch· 2025-06-17 20:21
In Brief Amazon CEO Andy Jassy is betting that generative AI will change how the company thinks about its workforce in the future.Jassy said that as the company continues to roll out more AI agents, and thus change how the company’s work is done, he expects Amazon will reduce the number of corporate jobs needed in the future, according to a memo that was first covered by CNBC. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy wrot ...
Republic Digital Acquisition Company Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 23, 2025
GlobeNewswire News Room· 2025-06-17 20:20
New York, NY, June 17, 2025 (GLOBE NEWSWIRE) -- Republic Digital Acquisition Company (Nasdaq: RDAGU) (the “Company”) announced today that, commencing June 23, 2025, 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 trade on ...
Greenheart Gold Announces AGM Results
Newsfile· 2025-06-17 20:20
Longueuil, Quebec--(Newsfile Corp. - June 17, 2025) - Greenheart Gold Inc. (TSXV: GHRT) (OTCQX: GHRTF) (the "Company") is pleased to announce the results of its annual general meeting of shareholders ("AGM") held on June 17, 2025. Shareholders voted in favour of the election of all director nominees: David A. Fennell, Elaine Bennett, Richard Cohen, Adrian Fleming, Karim Michel Nasr, Dušan Petković and Justin van der Toorn. Shareholders also voted in favour of (i) the appointment of Raymond Chabot Grant Tho ...
Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution and Listing For Sale of Vantage at Fair Oaks
GlobeNewswire News Room· 2025-06-17 20:15
OMAHA, Neb., June 17, 2025 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.30 per BUC. The cash distribution will be paid on July 31, 2025 to all BUC holders of record as of the close of trading on June 30, 2025. The BUCs will trade ex-distribution as of June 30, 2025. Commenting on ...
Third Coast Bancshares, Inc. Announces 2025 Share Repurchase Program
Prnewswire· 2025-06-17 20:15
HOUSTON, June 17, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), today announced that its Board of Directors has authorized a new share repurchase program (the "Repurchase Program"). This Repurchase Program allows the Company to buy up to $30 million of its common stock and will expire on May 22, 2026. Non-objection from the Federal Reserve Bank of Dallas related to the Repurchase Program was received June 16, 2025.Under the Repurchase ...