Primary Energy Recycling Corporation Announces October Distribution

Primary Energy Recycling Corporation announced today that a cash distribution of Cdn$ 0.06667 per enhanced income security (“EIS”) of the Company will be paid on November 28, 2008 to holders of record on October 31, 2008. Each EIS consists of one common share (a “Common Share”) and a subordinated note with par value of Cdn$ 2.50 which pays interest at a rate of 11.75% per annum (the “Subordinated Note”). The EISs... Read more..

Solland Solar: Solar Energy Breakthrough With Sunweb

Solland Solar, Netherlands’ largest producer of solar cells, will enable the solar energy sector to take a major step forwards with its new Sunweb cell. By concentrating the generated energy to the back of the cell, Sunweb can offer a 2 percent higher output per cell. Processed and connected in a solar module, the output even increases to 9 percent. This is a substantial improvement for the sector. “Metal Wrap Through” Sunweb is... Read more..

Primary Energy Recycling Corporation Announces Decision to Not Extend Revolving Loan Provisions of Credit Agreement

Primary Energy Recycling Corporation announced today that after evaluating the Company’s liquidity position, it has determined that its current cash on hand of $14.4 million (at July 31, 2008) plus anticipated proceeds from operations are expected to be adequate to fund near term business operations and distributions. As a result, it has let the $15 million Revolving Loan provisions of its Credit Agreement expire. The Revolver had not been... Read more..

Primary Energy Recycling Corporation Announces August Distribution

Primary Energy Recycling Corporation announced that a cash distribution of Cdn$ 0.06667 per enhanced income security (“EIS”) of the Company will be paid on September 30, 2008 to holders of record on August 29, 2008. Each EIS consists of one common share (a “Common Share”) and a subordinated note with par value of Cdn$ 2.50 which pays interest at a rate of 11.75% per annum (the “Subordinated Note”). The EISs trade... Read more..

Ampal-American Israel Corporation Announces the Successful Completion of the Offers in Israel to Purchase All Outstanding Shares and Convertible Debentures of Gadot Chemical Tankers and Terminals Ltd.

Ampal-American Israel Corporation announced that Merhav-Ampal Energy Ltd., a wholly owned subsidiary of Ampal, successfully completed the tender offers in Israel to purchase all outstanding shares of common stock and convertible debentures of Gadot Chemical Tankers and Terminals Ltd. , and now holds all of the outstanding Shares of Gadot (99.99% on a fully diluted basis) and 66.76% of the outstanding Debentures, and in consideration paid a total... Read more..

Exterran Holdings and Exterran Partners Report Second Quarter 2008 Results

Exterran Holdings reported net income for the second quarter 2008 of $21.7 million, or $0.33 per share, including $31.8 million in pretax charges, or approximately $0.29 per share, for estimated cost overruns in the fabrication segment. Net income was $49.4 million, or $0.73 per share, for the first quarter 2008 and $26.1 million, or $0.71 per share, for the second quarter 2007. Revenue was $812.2 million for the second quarter 2008 compared to $740.1... Read more..