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CHICAGO, IL--(Marketwired - February 15, 2017) - TransUnion (the "Company") ( : TRU) today announced that certain of its stockholders (the "Selling Stockholders") intend to offer for sale in an underwritten secondary offering 19,850,000 shares of common stock of the Company pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission (the "Commission"). In addition, certain of the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,985,000 additional shares of common stock. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by the Company. The Company may participate in this offering by purchasing, as part of the offering, 1,850,000 shares of common stock at the public offering price (the "share purchase"). The Company intends to provide an indication of interest to the underwriters; however, there can be no assurance that the Company will actually offer to purchase shares or that any such offer to purchase will be accepted by the underwriter and, as a result, that the share purchase will be consummated. Deutsche Bank Securities and BofA Merrill Lynch are acting as underwriters for the offering. Upon the successful completion of the offering, the ownership of investment funds affiliated with each of Advent International Corporation ("Advent") and The Goldman Sachs Group, Inc. ("Goldman") in the Company will decline to below a threshold that triggers the immediate vesting of approximately 4.4 million employee options. The offering will be made only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained from Deutsche Bank Securities, Attention: Prospectus Department, 60 Wall Street, New York, NY 10005 or by telephone at (800) 503-4611, or by email at prospectus.cpdg@db.com and BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by email at dg.prospectus_requests@baml.com. The registration statement relating to these securities has been filed with the Commission and has become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. TransUnion is a leading global risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses. Businesses embed its solutions into their process workflows to acquire new customers, assess consumer ability to pay for services, identify cross-selling opportunities, measure and manage debt portfolio risk, collect debt, verify consumer identities and investigate potential fraud. Consumers use its solutions to view their credit profiles and access analytical tools that help them understand and manage their personal information and take precautions against identity theft. This press release contains "forward-looking statements" within the meaning of federal securities laws. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plans and strategies. These statements often include words such as "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast," "outlook," "potential," "continues," "seeks," "predicts," and the negatives of these words and other similar expressions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that factors affecting our actual financial results could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that could materially affect our financial results or such forward-looking statements include macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets; our ability to provide competitive services and prices; our ability to retain or renew existing agreements with large or long-term customers; our ability to maintain the security and integrity of our data; our ability to deliver services timely without interruption; our ability to maintain our access to data sources; government regulation and changes in the regulatory environment; litigation or regulatory proceedings; regulatory oversight of certain "critical activities"; our ability to effectively manage our costs; economic and political stability in the United States and international markets where we operate; our ability to effectively develop and maintain strategic alliances and joint ventures; our ability to timely develop new services and the market's willingness to adopt our new services; our ability to manage and expand our operations and keep up with rapidly changing technologies; our ability to make acquisitions and integrate the operations of acquired businesses; our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property; our ability to defend our intellectual property from infringement claims by third parties; the ability of our outside service providers and key vendors to fulfill their obligations to us; further consolidation in our end-customer markets; the increased availability of free or inexpensive consumer information; losses against which we do not insure; our ability to make timely payments of principal and interest on our indebtedness; our ability to satisfy covenants in the agreements governing our indebtedness; our ability to maintain our liquidity; share repurchase plans; our reliance on key management personnel; and our controlling stockholders. There may be other factors, many of which are beyond our control, that may cause our actual results to differ materially from the forward-looking statements, including factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016, as modified in any subsequent filing with the Commission. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this release.


News Article | February 22, 2017
Site: marketersmedia.com

Upcoming AWS Coverage on Accenture LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. blog coverage looks at the headline from Science Applications International Corp. (NYSE: SAIC) as the Company unveiled its first Amphibious Combat Vehicle (ACV) 1.1 prototype to the US Marine Corps at a ceremony held at the Company's integration facility located in Charleston, South Carolina on February 21, 2017. The vehicle is the first of the batch of 16 to be delivered for testing by the Marine Corps, where the delivery is scheduled to begin in March, under the initial contract of $121.5 million awarded on November 14, 2015. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/ One of Science Applications International's competitors within the Information Technology Services space, Accenture PLC (NYSE: ACN), is estimated to report earnings on March 23, 2017. AWS will be initiating a research report on Accenture following the release of its next earnings results. Today, AWS is promoting its blog coverage on SAIC; touching on ACN. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/ The ACV contract US Marine Corps awarded contracts to both McLean-based SAIC and Bae Systems Inc., to design prototypes for its next-gen amphibious combat vehicles. The award was made for the so-called Amphibious Combat Vehicle Phase 1, Increment 1-ACV 1.1, where the Marines will test and procure each vehicle before moving on to ACV1.2 phase. The aging fleets of Amphibious Assault Vehicles (AAVs) have been in operation since the 70's and the Marines expect to address some of the issues faced by the vehicles. Initially, the Expeditionary Fighting Vehicle (EFV) program was commissioned but cancelled later in January 2011. The existing AAVs were fielded in 80's and were fine vehicles for certain applications, but acted as a deadlock against road mines, and were not impressive in particular for mine protection. The two Companies beat a crowded field of competitors including Bethesda-based Lockheed Martin Corp. (NYSE: LMT), Michigan-based Advanced Defense Vehicle Systems Corp. And Falls Church-based General Dynamics Corp. (NYSE: GD). The Prototypes BAE Systems was awarded a contract worth $103.8 million, where it delivered the first four of the 16 amphibious combat vehicle 1.1 on February 16, 2017, for testing. BAE partnered with Italian Company IVECO Defence Vehicles to build the ACV batch, which features a 700 horsepower engine offering it an edge over the predecessor, i.e., AAV. SAIC delivered the first of its lot on February 21, 2017, which features a remotely operated .50-caliber machine gun turret, mounted cameras on the vehicle to offer 360-degree visibility, and a ‘V-over-V' hull design to ensure blast protection for the Marines inside the vehicles. SAIC partnered with the Singaporean Company ST Kinetics to develop the ACV 1.1, where it based the design on the eight-wheeled Terrex vehicle, used by the Singapore Armed Forces and developed by ST Kinetics. In addition to IED-proof design, the SAIC prototype can swim through four-foot waves and six-foot plunging surf, according to Bernie Ellis, program manager for the vehicle. SAIC's ACV is an eight-wheeled, armored amphibious vehicle, designed to offer improved survivability, mobility, lethality, and C4ISR capability tailored to transport Marine Corps fighting units from ship to shore. The design from SAIC comes with 600 horsepower engine to deliver outstanding mobility while offering excellent fuel economy. SAIC Growth Prospects SAIC is among the major players in the segment with a proven track record for more than 10 years where it has been modifying and upgrading armored vehicles for the Department of Defense, ensuring advanced protection during combat and also securing command and control and repair capabilities. On December 20, 2016, SAIC and root9B partnered to offer advanced cybersecurity simulation and training to government clients. Prior to this agreement, on December 15, 2016, SAIC was awarded a potential $84 million contract by Space and Naval Warfare Systems Center (SSC) Pacific to deliver network service solutions and engineering support to the US Navy and joint Department of Defense shore units across the world. Stock Performance On Tuesday, February 21, 2017, the stock closed the trading session at $88.39, slightly rising 0.87% from its previous closing price of $87.63. A total volume of 218.83 thousand shares have exchanged hands. Science Applications' stock price surged 12.22% in the last three months, 43.94% in the past six months, and 103.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 4.61%. The stock is trading at a PE ratio of 29.17 and has a dividend yield of 1.40%. The net market capital for the Company was $3.90 billion as per Tuesday's closing price. Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455703February 22, 2017 /AccessWire/ — Upcoming AWS Coverage on Accenture LONDON, UK / ACCESSWIRE / February 22, 2017 / Active Wall St. blog coverage looks at the headline from Science Applications International Corp. (NYSE: SAIC) as the Company unveiled its first Amphibious Combat Vehicle (ACV) 1.1 prototype to the US Marine Corps at a ceremony held at the Company's integration facility located in Charleston, South Carolina on February 21, 2017. The vehicle is the first of the batch of 16 to be delivered for testing by the Marine Corps, where the delivery is scheduled to begin in March, under the initial contract of $121.5 million awarded on November 14, 2015. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/ One of Science Applications International's competitors within the Information Technology Services space, Accenture PLC (NYSE: ACN), is estimated to report earnings on March 23, 2017. AWS will be initiating a research report on Accenture following the release of its next earnings results. Today, AWS is promoting its blog coverage on SAIC; touching on ACN. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/ The ACV contract US Marine Corps awarded contracts to both McLean-based SAIC and Bae Systems Inc., to design prototypes for its next-gen amphibious combat vehicles. The award was made for the so-called Amphibious Combat Vehicle Phase 1, Increment 1-ACV 1.1, where the Marines will test and procure each vehicle before moving on to ACV1.2 phase. The aging fleets of Amphibious Assault Vehicles (AAVs) have been in operation since the 70's and the Marines expect to address some of the issues faced by the vehicles. Initially, the Expeditionary Fighting Vehicle (EFV) program was commissioned but cancelled later in January 2011. The existing AAVs were fielded in 80's and were fine vehicles for certain applications, but acted as a deadlock against road mines, and were not impressive in particular for mine protection. The two Companies beat a crowded field of competitors including Bethesda-based Lockheed Martin Corp. (NYSE: LMT), Michigan-based Advanced Defense Vehicle Systems Corp. And Falls Church-based General Dynamics Corp. (NYSE: GD). The Prototypes BAE Systems was awarded a contract worth $103.8 million, where it delivered the first four of the 16 amphibious combat vehicle 1.1 on February 16, 2017, for testing. BAE partnered with Italian Company IVECO Defence Vehicles to build the ACV batch, which features a 700 horsepower engine offering it an edge over the predecessor, i.e., AAV. SAIC delivered the first of its lot on February 21, 2017, which features a remotely operated .50-caliber machine gun turret, mounted cameras on the vehicle to offer 360-degree visibility, and a ‘V-over-V' hull design to ensure blast protection for the Marines inside the vehicles. SAIC partnered with the Singaporean Company ST Kinetics to develop the ACV 1.1, where it based the design on the eight-wheeled Terrex vehicle, used by the Singapore Armed Forces and developed by ST Kinetics. In addition to IED-proof design, the SAIC prototype can swim through four-foot waves and six-foot plunging surf, according to Bernie Ellis, program manager for the vehicle. SAIC's ACV is an eight-wheeled, armored amphibious vehicle, designed to offer improved survivability, mobility, lethality, and C4ISR capability tailored to transport Marine Corps fighting units from ship to shore. The design from SAIC comes with 600 horsepower engine to deliver outstanding mobility while offering excellent fuel economy. SAIC Growth Prospects SAIC is among the major players in the segment with a proven track record for more than 10 years where it has been modifying and upgrading armored vehicles for the Department of Defense, ensuring advanced protection during combat and also securing command and control and repair capabilities. On December 20, 2016, SAIC and root9B partnered to offer advanced cybersecurity simulation and training to government clients. Prior to this agreement, on December 15, 2016, SAIC was awarded a potential $84 million contract by Space and Naval Warfare Systems Center (SSC) Pacific to deliver network service solutions and engineering support to the US Navy and joint Department of Defense shore units across the world. Stock Performance On Tuesday, February 21, 2017, the stock closed the trading session at $88.39, slightly rising 0.87% from its previous closing price of $87.63. A total volume of 218.83 thousand shares have exchanged hands. Science Applications' stock price surged 12.22% in the last three months, 43.94% in the past six months, and 103.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 4.61%. The stock is trading at a PE ratio of 29.17 and has a dividend yield of 1.40%. The net market capital for the Company was $3.90 billion as per Tuesday's closing price. Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455703 Source URL: http://marketersmedia.com/blog-coverage-saic-delivered-first-acv-to-us-marine-corps-2/172298Source: AccessWireRelease ID: 172298


News Article | March 1, 2017
Site: www.businesswire.com

LOS ANGELES--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) today announced the launch of a secondary public offering of its common units representing limited partnership interests. A strategic investor of Ares (the “Selling Unitholder”) is offering for sale to the public approximately 7,500,000 common units. The Selling Unitholder expects to grant to the underwriters of the offering an option to purchase up to approximately 1,125,000 additional common units. None of Ares, its officers, directors or employees are offering any common units in this transaction; neither Ares nor any of its officers, directors or employees will receive any proceeds from the sale of the common units by the Selling Unitholder. In connection with the offering, Ares and its directors and executive officers (including its co-founders) and the Selling Unitholder have each agreed to enter into a customary lock-up agreement with the underwriters for the offering. Wells Fargo Securities, LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Keefe, Bruyette & Woods, Inc., RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. are acting as senior co-managers for the offering. MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. are acting as co-managers for the offering. The offering may be made only by means of a prospectus supplement and accompanying prospectus. To obtain a copy of the preliminary prospectus supplement and related base prospectus for this offering, please contact (a) Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, at (800) 326-5897 or email a request to cmclientsupport@wellsfargo.com, (b) BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or e-mail: dg.prospectus_requests@baml.com (c) Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York, New York 10014, Attn: Prospectus Department, (d) UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York, 10019 or by calling 1-888-827-7275 or (e) Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has become effective. Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $99 billion of assets under management as of December 31, 2016, including approximately $3.6 billion of AUM pro forma for Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017, and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares’ filings with the Securities and Exchange Commission. Ares Management, L.P. undertakes no duty to update any forward-looking statements made herein.


News Article | March 2, 2017
Site: www.businesswire.com

LOS ANGELES--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) today announced the pricing of its previously announced secondary public offering of 7,500,000 common units representing limited partnership interests by a strategic investor of Ares (the “Selling Unitholder”) at a price to the public of $20.00 per common unit. The Selling Unitholder has granted to the underwriters of the offering an option to purchase up to approximately 1,125,000 additional common units. None of Ares, its officers, directors or employees are offering any common units in this transaction; neither Ares nor any of its officers, directors or employees will receive any proceeds from the sale of the common units by the Selling Unitholder. The offering is expected to be consummated on or about March 7, 2017, subject to certain customary closing conditions. In connection with the offering, Ares and its directors and executive officers (including its co-founders) and the Selling Unitholder have each agreed to enter into a customary lock-up agreement with the underwriters for the offering. Wells Fargo Securities, LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Keefe, Bruyette & Woods, Inc., RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. are acting as senior co-managers for the offering. MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. are acting as co-managers for the offering. The offering may be made only by means of a prospectus supplement and accompanying prospectus. To obtain a copy of the preliminary prospectus supplement and related base prospectus for this offering, please contact (a) Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152, at (800) 326-5897 or email a request to cmclientsupport@wellsfargo.com, (b) BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or e-mail: dg.prospectus_requests@baml.com (c) Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York, New York 10014, Attn: Prospectus Department, (d) UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York, 10019 or by calling 1-888-827-7275 or (e) Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor does it constitute an offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has become effective. Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $99 billion of assets under management as of December 31, 2016, including approximately $3.6 billion of AUM pro forma for Ares Capital Corporation’s acquisition of American Capital, Ltd., which closed on January 3, 2017, and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares’ filings with the Securities and Exchange Commission. Ares Management, L.P. undertakes no duty to update any forward-looking statements made herein.


LINCOLNSHIRE, Ill., Feb. 23, 2017 (GLOBE NEWSWIRE) -- CDW Corporation (NASDAQ:CDW), a leading multi‑brand technology solutions provider to business, government, education and healthcare in the United States, Canada and the United Kingdom, today announced that its wholly owned subsidiaries CDW LLC and CDW Finance Corporation (together, the “Issuers”) have priced an offering of $600,000,000 in aggregate principal amount of 5.0% senior notes due 2025 (the “Notes”), representing an increase of $100,000,000 in aggregate principal amount from the initially proposed offering size, in an offering registered under the Securities Act of 1933, as amended (the “Notes Offering”). The Notes were priced at 100% of par. The sale of the Notes is expected to be completed on March 2, 2017, subject to customary closing conditions. The Issuers intend to use the proceeds from the Notes Offering, together with cash on hand and borrowings under CDW LLC’s senior secured asset-based revolving credit facility, to fund the redemption of all of their outstanding $600 million aggregate principal amount of Senior Notes due 2022 (the “2022 Senior Notes”) and to pay related fees and expenses. The Issuers currently expect to issue a notice of redemption to holders of the 2022 Senior Notes upon the closing of the Notes Offering. The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by CDW Corporation and by certain of CDW LLC’s current and future direct and indirect wholly owned domestic subsidiaries. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Goldman, Sachs & Co. and RBC Capital Markets, LLC are acting as joint book‑running managers and U.S. Bancorp Investments, Inc., MUFG Securities Americas Inc., Capital One Securities, Inc. and HSBC Securities (USA) Inc. are acting as co-managers for the Notes Offering. The Notes Offering is being made only by means of a prospectus supplement and an accompanying base prospectus. Copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the Notes Offering may be obtained from (i) J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd Floor, New York, NY 10179, Attention: Syndicate Desk or by telephone (toll-free) at (800) 245-8812, (ii) Morgan Stanley & Co. LLC, Attention:  Prospectus Department, 180 Varick Street, New York, NY 10014, by telephone (toll-free) at (866) 718-1649 or by e-mail at prospectus@morganstanley.com, (iii) Wells Fargo Securities, LLC by telephone (toll-free) at (800) 326-5897, (iv) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attention:  Prospectus Department, or e-mail dg.prospectus_requests@baml.com, (v) Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone (toll-free) at  (888) 603-5847 or by e-mail at barclaysprospectus@broadridge.com, (vi) Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, by telephone (toll free) at (866) 471-2526, by facsimile at (212) 902-9316 or by e-mail at prospectus-ny@ny.email.gs.com, (vii)  RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor New York, New York 10281, Attention: Leveraged Finance Capital Markets; or by telephone at 1-877-280-1299, (viii) U.S. Bancorp Investments, Inc. by telephone (toll-free) at (877) 558-2607, (ix) MUFG Securities Americas Inc. by telephone (toll-free) at (877) 649-6848, (x) Capital One Securities, Inc. by telephone (toll-free) at 1.800.666.9174 or (xi) HSBC Securities (USA) Inc. by telephone (toll-free) at (866) 811-8049. CDW Corporation, the Issuers and the subsidiary guarantors of the Notes filed a Registration Statement on Form S-3ASR, which was effective upon filing on October 16, 2014, including a base prospectus dated October 16, 2014, and a preliminary prospectus supplement dated February 23, 2017, to which this communication relates. Copies of the Registration Statement on Form S-3ASR, the base prospectus and the preliminary prospectus supplement and, when available, copies of the final prospectus supplement can be accessed through the Securities and Exchange Commission’s website at www.sec.gov. This press release is for informational purposes only and shall not constitute (i) an offer to sell or the solicitation of an offer to buy the Notes or any other securities or (ii) an offer to buy, or a notice of redemption with respect to, the 2022 Senior Notes or any other securities. The Notes Offering is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful. This press release includes “forward-looking statements,” including with respect to the Notes Offering and the anticipated redemption of the 2022 Senior Notes. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control that could cause actual results to differ materially from those described in such statements. Such risks and uncertainties include, but are not limited to, whether the Issuers will consummate the Notes Offering, which is subject to customary closing conditions, and the anticipated use of the proceeds of the Notes Offering. Although CDW believes that the forward-looking information presented in this press release are reasonable, it can give no assurance that such expectations will prove to have been correct; it is not a guarantee of future events and actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Any forward‑looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. CDW is a leading multi-brand technology solutions provider to business, government, education and healthcare organizations in the United States, Canada and the United Kingdom. A Fortune 500 company with multi-national capabilities, CDW was founded in 1984 and employs approximately 8,500 coworkers. For the year ended December 31, 2016, the company generated net sales of nearly $14 billion. For more information about CDW, please visit www.CDW.com.


News Article | February 13, 2017
Site: globenewswire.com

STAMFORD, Conn., Feb. 13, 2017 (GLOBE NEWSWIRE) -- Hexcel Corporation (NYSE:HXL), today priced an offering of $400 million of 3.95% Senior Notes due 2027. The notes will be sold at a price of 99.559% of their face value. The net proceeds from this offering are estimated to be approximately $394.7 million after deducting the underwriting discount and our other estimated offering expenses payable by Hexcel.  Hexcel intends to use the net proceeds from the offering initially to reduce amounts outstanding under its Revolving Credit Facility, but without a reduction in commitment, and thereafter for general corporate purposes, including the repurchase of shares of its outstanding common stock pursuant to its authorized share repurchase program. The offering is expected to close on February 16, 2017, subject to customary closing conditions. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. This offering of notes may be made only by means of a prospectus supplement and a prospectus. A copy of the prospectus supplement and the prospectus relating to the offering will be filed with the Securities and Exchange Commission and, when available, can be obtained from: (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina  28255-0001, Attention: Prospectus Department, by phone at (800) 294-1322 or by emailing dg.prospectus_requests@baml.com or (ii) Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, by phone at (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification thereof under the securities laws of any such state or jurisdiction. Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades. This press release contains statements that are forward-looking, including statements relating to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. Actual results may differ materially from the results anticipated in the forward-looking statements due to a variety of factors, including but not limited to general economic and business conditions and the ability of Hexcel to complete the offering and deploy the resulting proceeds as indicated above, including the risk that the offering described above will not close on the indicated timetable or at all, and that the proceeds may not be able to be deployed as so indicated. Additional risk factors are described in Hexcel’s filings with the SEC.  Hexcel does not undertake an obligation to update its forward-looking statements to reflect future events.


News Article | February 13, 2017
Site: globenewswire.com

STAMFORD, Conn., Feb. 13, 2017 (GLOBE NEWSWIRE) -- Hexcel Corporation (NYSE:HXL), today priced an offering of $400 million of 3.95% Senior Notes due 2027. The notes will be sold at a price of 99.559% of their face value. The net proceeds from this offering are estimated to be approximately $394.7 million after deducting the underwriting discount and our other estimated offering expenses payable by Hexcel.  Hexcel intends to use the net proceeds from the offering initially to reduce amounts outstanding under its Revolving Credit Facility, but without a reduction in commitment, and thereafter for general corporate purposes, including the repurchase of shares of its outstanding common stock pursuant to its authorized share repurchase program. The offering is expected to close on February 16, 2017, subject to customary closing conditions. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. This offering of notes may be made only by means of a prospectus supplement and a prospectus. A copy of the prospectus supplement and the prospectus relating to the offering will be filed with the Securities and Exchange Commission and, when available, can be obtained from: (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina  28255-0001, Attention: Prospectus Department, by phone at (800) 294-1322 or by emailing dg.prospectus_requests@baml.com or (ii) Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, by phone at (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification thereof under the securities laws of any such state or jurisdiction. Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades. This press release contains statements that are forward-looking, including statements relating to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. Actual results may differ materially from the results anticipated in the forward-looking statements due to a variety of factors, including but not limited to general economic and business conditions and the ability of Hexcel to complete the offering and deploy the resulting proceeds as indicated above, including the risk that the offering described above will not close on the indicated timetable or at all, and that the proceeds may not be able to be deployed as so indicated. Additional risk factors are described in Hexcel’s filings with the SEC.  Hexcel does not undertake an obligation to update its forward-looking statements to reflect future events.


News Article | January 31, 2017
Site: globenewswire.com

CLEARWATER, Fla., Jan. 31, 2017 (GLOBE NEWSWIRE) -- Tech Data Corporation (NASDAQ:TECD) (“Tech Data”) today announced it has completed the previously announced public offering of $500,000,000 aggregate principal amount of its 3.700% Senior Notes due 2022 and $500,000,000 aggregate principal amount of its 4.950% Senior Notes due 2027. Tech Data intends to use the net proceeds to fund a portion of the purchase price of the proposed acquisition (the “Acquisition”) by Tech Data of AVT Technology Solutions LLC and TS Divestco B.V., which will hold all assets and liabilities primarily relating to Avnet Inc.’s Technology Solutions business (the “Acquired Business”), pursuant to an Interest Purchase Agreement, dated September 19, 2016, and to pay certain costs associated with the Acquisition. Tech Data intends to use any remaining net proceeds from the offering for general corporate purposes. BofA Merrill Lynch, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering of the Notes. This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov or by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-001, Attn: Prospectus Department, by email at dg.prospectus_requests@baml.com or by telephone: 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at prospectus@citi.com or by telephone: 1-800-831-9146; or J.P. Morgan Securities LLC, 383 Madison Ave, New York, NY 10179 or by telephone: 1-212-834-4533. Certain statements in this communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including statements regarding Tech Data’s plans, objectives, expectations and intentions relating to the proposed Acquisition, financing and closing of the proposed Acquisition, and the expected timing and benefits of the proposed Acquisition, involve a number of risks and uncertainties and actual results could differ materially from those projected. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about the proposed Acquisition and the operating environment, economies and markets in which Tech Data and the Acquired Business operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For additional information with respect to risks and other factors which could occur, see Tech Data’s Annual Report on Form 10-K filed on March 24, 2016, including Part I, Item 1A, “Risk Factors” therein, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other securities filings with the SEC that are available at the SEC’s website at www.sec.gov and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Many of these factors are beyond Tech Data’s control. Unless otherwise required by applicable securities laws, Tech Data disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Tech Data undertakes no duty to update any forward-looking statements contained herein to reflect actual results or changes in Tech Data’s expectations. Tech Data Corporation is one of the world’s largest wholesale distributors of technology products, services and solutions. Its advanced logistics capabilities and value added services enable 105,000 resellers to efficiently and cost effectively support the diverse technology needs of end users in more than 100 countries. Tech Data generated $26.4 billion in net sales for the fiscal year ended January 31, 2016. It is ranked No. 108 on the Fortune 500® and one of Fortune’s “World’s Most Admired Companies.”


LONDON, UK / ACCESSWIRE / February 21, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Credit Services industry. Companies recently under review include Inspira Financial, RIFCO Inc., Input Capital, and Royalty North Partners. Get all of our free research reports by signing up at: http://www.activewallst.com/register/ At the closing bell on Friday, February 17, 2017, the TSX Venture Composite index edged 0.07% higher to finish the trading session at 843.92 on a total volume of 267,930,577 shares exchanging hands for the day. The Financials Index was also in the black, closing the day at 298.43, up 0.04%. Active Wall St. has initiated research reports on the following equities: Inspira Financial Inc. (TSX-V: LND), RIFCO Inc. (TSX-V: RFC), Input Capital Corporation (TSX-V: INP), and Royalty North Partners Ltd. (TSX-V: RNP). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/ Inspira Financial Inc. Walnut Creek, California headquartered Inspira Financial Inc.'s stock advanced 4.11%, to finish Friday's session at $0.38 with a total volume of 240,553 shares traded. Shares of the Company, which together with its subsidiaries, provides asset-based financial services to healthcare providers and their patients in the US, are trading below its 50-day moving average of $0.71. See our research report on LND.V at: http://www.activewallst.com/register/ RIFCO Inc. On Friday, shares in Red Deer, Canada headquartered RIFCO Inc. recorded a trading volume of 787 shares. The stock ended the day flat at $1.65. RIFCO's stock has gained 2.48% in the last three months and 37.50% in the previous one year. The Company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $1.75 is above its 200-day moving average of $1.73. Shares of the Company, which through its subsidiary, Rifco National Auto Finance Corporation, provides auto financing services in Canada, are trading at PE ratio of 11.07. The complimentary research report on RFC.V at: http://www.activewallst.com/register/ Input Capital Corp. On Friday, shares in Regina, Canada headquartered Input Capital Corp. ended the session 1.08% higher at $1.87 with a total volume of 35,825 shares traded. Input Capital's shares have gained 16.87% in the last three months and 14.72% in the previous one year. The stock is trading below its 50-day moving average. Furthermore, the stock's 50-day moving average of $1.93 is greater than its 200-day moving average of $1.87. Shares of Input Capital, which operates as an agricultural commodity streaming company in Canada, are trading at a PE ratio of 467.50. Register for free and access the latest research report on INP.V at: http://www.activewallst.com/register/ Royalty North Partners Ltd. Vancouver, Canada headquartered Royalty North Partners Ltd.'s stock, which engages in the acquisition and exploration of mineral properties in Canada, closed the day 4.00% higher at $0.13. The stock recorded a trading volume of 500 shares during the session. Get free access to your research report on RNP.V at: http://www.activewallst.com/register/ -- Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455578February 21, 2017 /AccessWire/ — LONDON, UK / ACCESSWIRE / February 21, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Credit Services industry. Companies recently under review include Inspira Financial, RIFCO Inc., Input Capital, and Royalty North Partners. Get all of our free research reports by signing up at: http://www.activewallst.com/register/ At the closing bell on Friday, February 17, 2017, the TSX Venture Composite index edged 0.07% higher to finish the trading session at 843.92 on a total volume of 267,930,577 shares exchanging hands for the day. The Financials Index was also in the black, closing the day at 298.43, up 0.04%. Active Wall St. has initiated research reports on the following equities: Inspira Financial Inc. (TSX-V: LND), RIFCO Inc. (TSX-V: RFC), Input Capital Corporation (TSX-V: INP), and Royalty North Partners Ltd. (TSX-V: RNP). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/ Inspira Financial Inc. Walnut Creek, California headquartered Inspira Financial Inc.'s stock advanced 4.11%, to finish Friday's session at $0.38 with a total volume of 240,553 shares traded. Shares of the Company, which together with its subsidiaries, provides asset-based financial services to healthcare providers and their patients in the US, are trading below its 50-day moving average of $0.71. See our research report on LND.V at: http://www.activewallst.com/register/ RIFCO Inc. On Friday, shares in Red Deer, Canada headquartered RIFCO Inc. recorded a trading volume of 787 shares. The stock ended the day flat at $1.65. RIFCO's stock has gained 2.48% in the last three months and 37.50% in the previous one year. The Company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $1.75 is above its 200-day moving average of $1.73. Shares of the Company, which through its subsidiary, Rifco National Auto Finance Corporation, provides auto financing services in Canada, are trading at PE ratio of 11.07. The complimentary research report on RFC.V at: http://www.activewallst.com/register/ Input Capital Corp. On Friday, shares in Regina, Canada headquartered Input Capital Corp. ended the session 1.08% higher at $1.87 with a total volume of 35,825 shares traded. Input Capital's shares have gained 16.87% in the last three months and 14.72% in the previous one year. The stock is trading below its 50-day moving average. Furthermore, the stock's 50-day moving average of $1.93 is greater than its 200-day moving average of $1.87. Shares of Input Capital, which operates as an agricultural commodity streaming company in Canada, are trading at a PE ratio of 467.50. Register for free and access the latest research report on INP.V at: http://www.activewallst.com/register/ Royalty North Partners Ltd. Vancouver, Canada headquartered Royalty North Partners Ltd.'s stock, which engages in the acquisition and exploration of mineral properties in Canada, closed the day 4.00% higher at $0.13. The stock recorded a trading volume of 500 shares during the session. Get free access to your research report on RNP.V at: http://www.activewallst.com/register/ -- Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455578 Source URL: http://marketersmedia.com/research-reports-initiated-on-financials-stocks-inspira-financial-rifco-inc-input-capital-and-royalty-north-partners-2/171928Source: AccessWireRelease ID: 171928


News Article | February 23, 2017
Site: marketersmedia.com

Upcoming AWS Coverage on Clorox Post-Earnings Results LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Newell Brands Inc. (NYSE: NWL). The Company announced its fourth quarter and fiscal 2016 financial results on February 06, 2017. The consumer product Company met markets earnings estimates. Register with us now for your free membership at: http://www.activewallst.com/register/ One of Newell Brands' competitors within the Housewares & Accessories space, The Clorox Co. (NYSE: CLX), reported on February 03, 2017, its Q2 fiscal year 2017 results. AWS will be initiating a research report on Clorox in the coming days. Today, AWS is promoting its earnings coverage on NWL; touching on CLX. Get our free coverage by signing up to: http://www.activewallst.com/register/ Earnings Reviewed For the three months ended December 31, 2016, Newell's net sales soared 165.0% to $4.14 billion compared to $1.56 billion in the prior year, primarily due to the inclusion of net sales from the acquired Jarden business. Core sales grew 2.5% driven by strong results from the Writing, Baby, Home Solutions, and Outdoor Solutions businesses. The Company's sales number came in below market expectations of $4.25 billion. Newell's net sales for the full year ended December 31, 2016, were $13.26 billion, up 124.2% compared to $5.92 billion in the prior year. Core sales increased 3.7%. For Q4 2016, the Company reported gross margin of 36.8% compared to 38.3% in Q4 2015, as the benefits of synergies, productivity, and pricing were more than offset by negative mix effects related to the Jarden transaction and the deconsolidation of Venezuela, and the adverse impact of foreign currency. Newell's operating income was $513.1 million, or 12.4% in Q4 2016 compared to $101.9 million, or 6.5% of sales, in the prior year's comparable quarter. For Q4 2016, Newell reported net income of $165.6 million, or $0.34 per diluted share, compared to net income of $13.2 million, or $0.05 per diluted share, in Q4 2015. The contribution from the acquired Jarden business and strong operating income growth on both legacy businesses more than offset the negative impact of increased advertising and promotion investment, foreign currency, increased amortization of intangibles, increased interest expense, a higher tax rate, and a higher share count. Normalized net income was $389.9 million for the reported quarter compared to $151.1 million in the year ago same period. The Company's normalized diluted earnings per share surged 42.9% to $0.80 compared to $0.56 in Q4 2015, thus meeting analysts' consensus estimates. For FY16, Newell's reported net income was $527.8 million compared to $350.0 million in FY15. Reported diluted earnings per share were $1.25 compared to $1.29 in the prior year. For Q4 2016, Newell generated operating cash flow of $991.5 million compared to $277.7 million in Q4 2015, reflecting the contribution from the Jarden acquisition and improved operating results. For FY16, the Company's operating cash flow was $1.83 billion compared to $565.8 million in FY15. Newell had gross debt of $11.89 billion reflecting a reduction of $855 million during the reported quarter and a $2.06 billion reduction since the creation of Newell Brands on April 15, 2016. Operating Segment Results For Q4 2016, Newell's Writing net sales totaled $462.4 million, down 0.8% on a y-o-y basis as solid core sales growth of 4.3% and the benefit of the Elmer's acquisition were offset by the negative impact of foreign currency and the deconsolidation of Venezuelan operations. The Company's Home Solutions net sales declined 11.5% to $391.0 million in Q4 2016 primarily due to the divestiture of the Décor business. Core sales grew 5.7% largely driven by strong results from the Beverage business and the launch of Rubbermaid Brilliance food storage containers in Food, partially offset by Calphalon's weaker performance in certain mall-based retailers due to lower holiday retail mall foot traffic. During Q4 2016, Newell's Tools segment's net sales declined 4.6% to $198.1 million driven by the negative impact of foreign currency and ongoing macro-driven slowdown in Brazil. Tools core sales were less than $8.0 million, as the vast majority of the Tools segment is held for sale. The Company's Commercial Products net sales totaled $208.9 million in Q4 2016 compared to $207.1 million in Q4 2015, as North American sales stabilized despite ongoing planned complexity reduction activity. During Q4 2016, Newell's Baby & Parenting net sales grew 1.6% to $241.7 million, as strong sales momentum in the US was partially offset by the impact of a planned change from a distributor-based selling model to a direct selling model in Canada. For Q4 2016, Newell's Branded Consumables net sales were $1.10 billion. On a pro-forma basis, net sales decreased 0.1% on a y-o-y basis. Strong growth at Waddington, Yankee Candle International and Yankee Candle ecommerce was partially offset by weaker performance in Yankee Candle's mall-based retail stores due to lower holiday retail mall foot traffic. Newell's Outdoor Solutions generated net sales of $730.6 million. On a pro-forma basis, net sales increased 3.8% on a y-o-y basis. Pro-forma core sales, which exclude the Winter Sports business that is held for sale, increased 2.9% on a y-o-y basis primarily driven by strong growth in Fishing, Technical Apparel, and Team Sports, partially offset by declines on Coleman related to early 2016 distribution losses. The Company's Process Solutions net sales were $88.9 million. On a pro-forma basis, net sales decreased 0.6% versus prior year. Dividend On February 10, 2017 Newell announced the declaration of a quarterly cash dividend of $0.19 per share. The dividend is payable March 15, 2017, to common stockholders of record at the close of business on February 28, 2017. Outlook For FY17, Newell's net sales guidance range is $14.52 billion to $14.72 billion. The net sales guidance range represents net sales growth of 9.5% to 11.0% on a y-o-y basis. The Company has broadened its 2017 core sales growth guidance range to 2.5% to 4.0% versus its previous guidance of 3.0% to 4.0% reflecting revised expectations on the Company's businesses with larger US mall-based retail presence given lowered expectations for US retail mall foot traffic. Newell has raised its FY17 normalized earnings per share outlook to $2.95 to $3.15 compared to its previous guidance of $2.85 to $3.05. Stock Performance At the close of trading session on Wednesday, February 22, 2017, Newell Brands' stock price climbed 1.63% to end the day at $47.25. A total volume of 3.31 million shares were exchanged during the session. The Company's share price has surged 26.84% in the past twelve months and gained 5.82% on YTD basis. The stock currently has a market cap of $22.91 billion. Furthermore, the stock is trading at a PE ratio of 40.18 and has a dividend yield of 1.61%. Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455786February 23, 2017 /AccessWire/ — Upcoming AWS Coverage on Clorox Post-Earnings Results LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces its post-earnings coverage on Newell Brands Inc. (NYSE: NWL). The Company announced its fourth quarter and fiscal 2016 financial results on February 06, 2017. The consumer product Company met markets earnings estimates. Register with us now for your free membership at: http://www.activewallst.com/register/ One of Newell Brands' competitors within the Housewares & Accessories space, The Clorox Co. (NYSE: CLX), reported on February 03, 2017, its Q2 fiscal year 2017 results. AWS will be initiating a research report on Clorox in the coming days. Today, AWS is promoting its earnings coverage on NWL; touching on CLX. Get our free coverage by signing up to: http://www.activewallst.com/register/ Earnings Reviewed For the three months ended December 31, 2016, Newell's net sales soared 165.0% to $4.14 billion compared to $1.56 billion in the prior year, primarily due to the inclusion of net sales from the acquired Jarden business. Core sales grew 2.5% driven by strong results from the Writing, Baby, Home Solutions, and Outdoor Solutions businesses. The Company's sales number came in below market expectations of $4.25 billion. Newell's net sales for the full year ended December 31, 2016, were $13.26 billion, up 124.2% compared to $5.92 billion in the prior year. Core sales increased 3.7%. For Q4 2016, the Company reported gross margin of 36.8% compared to 38.3% in Q4 2015, as the benefits of synergies, productivity, and pricing were more than offset by negative mix effects related to the Jarden transaction and the deconsolidation of Venezuela, and the adverse impact of foreign currency. Newell's operating income was $513.1 million, or 12.4% in Q4 2016 compared to $101.9 million, or 6.5% of sales, in the prior year's comparable quarter. For Q4 2016, Newell reported net income of $165.6 million, or $0.34 per diluted share, compared to net income of $13.2 million, or $0.05 per diluted share, in Q4 2015. The contribution from the acquired Jarden business and strong operating income growth on both legacy businesses more than offset the negative impact of increased advertising and promotion investment, foreign currency, increased amortization of intangibles, increased interest expense, a higher tax rate, and a higher share count. Normalized net income was $389.9 million for the reported quarter compared to $151.1 million in the year ago same period. The Company's normalized diluted earnings per share surged 42.9% to $0.80 compared to $0.56 in Q4 2015, thus meeting analysts' consensus estimates. For FY16, Newell's reported net income was $527.8 million compared to $350.0 million in FY15. Reported diluted earnings per share were $1.25 compared to $1.29 in the prior year. For Q4 2016, Newell generated operating cash flow of $991.5 million compared to $277.7 million in Q4 2015, reflecting the contribution from the Jarden acquisition and improved operating results. For FY16, the Company's operating cash flow was $1.83 billion compared to $565.8 million in FY15. Newell had gross debt of $11.89 billion reflecting a reduction of $855 million during the reported quarter and a $2.06 billion reduction since the creation of Newell Brands on April 15, 2016. Operating Segment Results For Q4 2016, Newell's Writing net sales totaled $462.4 million, down 0.8% on a y-o-y basis as solid core sales growth of 4.3% and the benefit of the Elmer's acquisition were offset by the negative impact of foreign currency and the deconsolidation of Venezuelan operations. The Company's Home Solutions net sales declined 11.5% to $391.0 million in Q4 2016 primarily due to the divestiture of the Décor business. Core sales grew 5.7% largely driven by strong results from the Beverage business and the launch of Rubbermaid Brilliance food storage containers in Food, partially offset by Calphalon's weaker performance in certain mall-based retailers due to lower holiday retail mall foot traffic. During Q4 2016, Newell's Tools segment's net sales declined 4.6% to $198.1 million driven by the negative impact of foreign currency and ongoing macro-driven slowdown in Brazil. Tools core sales were less than $8.0 million, as the vast majority of the Tools segment is held for sale. The Company's Commercial Products net sales totaled $208.9 million in Q4 2016 compared to $207.1 million in Q4 2015, as North American sales stabilized despite ongoing planned complexity reduction activity. During Q4 2016, Newell's Baby & Parenting net sales grew 1.6% to $241.7 million, as strong sales momentum in the US was partially offset by the impact of a planned change from a distributor-based selling model to a direct selling model in Canada. For Q4 2016, Newell's Branded Consumables net sales were $1.10 billion. On a pro-forma basis, net sales decreased 0.1% on a y-o-y basis. Strong growth at Waddington, Yankee Candle International and Yankee Candle ecommerce was partially offset by weaker performance in Yankee Candle's mall-based retail stores due to lower holiday retail mall foot traffic. Newell's Outdoor Solutions generated net sales of $730.6 million. On a pro-forma basis, net sales increased 3.8% on a y-o-y basis. Pro-forma core sales, which exclude the Winter Sports business that is held for sale, increased 2.9% on a y-o-y basis primarily driven by strong growth in Fishing, Technical Apparel, and Team Sports, partially offset by declines on Coleman related to early 2016 distribution losses. The Company's Process Solutions net sales were $88.9 million. On a pro-forma basis, net sales decreased 0.6% versus prior year. Dividend On February 10, 2017 Newell announced the declaration of a quarterly cash dividend of $0.19 per share. The dividend is payable March 15, 2017, to common stockholders of record at the close of business on February 28, 2017. Outlook For FY17, Newell's net sales guidance range is $14.52 billion to $14.72 billion. The net sales guidance range represents net sales growth of 9.5% to 11.0% on a y-o-y basis. The Company has broadened its 2017 core sales growth guidance range to 2.5% to 4.0% versus its previous guidance of 3.0% to 4.0% reflecting revised expectations on the Company's businesses with larger US mall-based retail presence given lowered expectations for US retail mall foot traffic. Newell has raised its FY17 normalized earnings per share outlook to $2.95 to $3.15 compared to its previous guidance of $2.85 to $3.05. Stock Performance At the close of trading session on Wednesday, February 22, 2017, Newell Brands' stock price climbed 1.63% to end the day at $47.25. A total volume of 3.31 million shares were exchanged during the session. The Company's share price has surged 26.84% in the past twelve months and gained 5.82% on YTD basis. The stock currently has a market cap of $22.91 billion. Furthermore, the stock is trading at a PE ratio of 40.18 and has a dividend yield of 1.61%. Active Wall Street: Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@activewallst.com Phone number: 1-858-257-3144 Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE: Active Wall Street ReleaseID: 455786 Source URL: http://marketersmedia.com/post-earnings-coverage-as-newell-brands-revenue-soared-165-adjusted-eps-grew-42-9-2/172628Source: AccessWireRelease ID: 172628

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