Ferrellgas Partners, L.P. today announced that it has priced an offering of 4,400,000 common units representing limited partner interests at a public offering price of $26.27 per unit. Ferrellgas Partners, L.P. has also granted the underwriters an option to purchase up to an additional 660,000 common units to cover over-allotments, if any. The offering is expected to close on March 18, 2011, subject to customary closing conditions. The common units... Read more..
Longhorn Pipeline Inc., a wholly-owned subsidiary of Flying J Inc., reported that there has been a marked increase in recent shipment activity since Flying J secured a revolving DIP facility with Merrill Lynch on February 27. As part of this arrangement, Longhorn has been granted extended use of line fill inventory and cash collateral that was financed by Merrill Lynch prior to Longhorn’s chapter 11 filing in December 2008. These actions enable... Read more..
Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior vice president in the firm’s institutional sales team in the New York office. Mr. Jones has... Read more..
On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October 31. In a subsequent agreement on October 29, the parties agreed to extend the date until November... Read more..
On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October 31. Reliant and Merrill have agreed to extend the October 31 date through November 6. Reliant Energy,... Read more..
IntercontinentalExchange, Inc., a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today announced new agreements intended to advance their previously announced joint global clearing solution for Credit Default Swaps (CDS). Together with nine of the major global investment banks who are dealers in the CDS markets, ICE and TCC have entered into memorandums of understanding... Read more..
InterOil Corporation, announced that, as a result of resolutions passed by the Board of Directors of PNG LNG, Inc., the joint venture owned by affiliates of InterOil, Pacific LNG and Merrill Lynch, to construct an LNG (liquid natural gas) plant on a site adjacent to InterOil’s refinery in Papua New Guinea, Merrill does not have any right of first negotiation in respect of purchase or offtake of any LNG that may be produced by the plant. In addition,... Read more..
In its Directors’ Circular filed today, the Board of Directors of Waratah Coal Inc. unanimously recommends that holders of Waratah common shares reject the unsolicited partial offer from Mineralogy Pty Ltd. and not tender their Shares to Mineralogy. In reaching this recommendation and concluding that the Mineralogy partial offer is not in the best interests of Waratah or to shareholders, the Board of Directors carefully reviewed and considered... Read more..
On November 13 and 14, Gulf Publishing Company will host over 1,000 businesswomen, executives and industry leaders from top energy companies worldwide for the Fourth Annual Women’s Global Leadership Conference in Energy & Technology at the Westin Galleria in Houston. This two-day event is devoted exclusively to providing a forum for women in the energy industry to discuss key business and economic issues and gather insight from world leaders... Read more..
Complete Production Services, Inc. announced that Chairman and Chief Executive Officer, Joseph C. Winkler, will present at the Merrill Lynch Global Energy Mid and Small Cap Conference in New York on Thursday, October 2, 2008 at 1:15 p.m. Eastern Time. A copy of the presentation along with a link to the audio-only webcast will be available in the Investor Relations section of Complete’s web site at www.completeproduction.com. The replay of the... Read more..