Rain Carbon Inc. announces intention to raise new senior secured credit facilities, comprising of a €390.0 million term loan B facility and a $150.0 million revolving credit facility

Rain Carbon Inc. announces intention to raise new senior secured credit facilities, comprising of a €390.0 million term loan B facility and a $150.0 million revolving credit facility

PR Newswire

STAMFORD, Conn., Nov. 24, 2017 /PRNewswire/ – Rain Carbon Inc. (“RCI“) announced today its intention to raise new senior secured credit facilities, comprising of a €390.0 million term loan B facility (the “New Term Loan B Facility“) and a $150.0 million revolving credit facility (the “New Revolving Credit Facility“, and together the New Term Loan B Facility, the “New Senior Credit Facilities“). RCI intends to use the proceeds of the New Term Loan B Facility to finance the redemption of Rain CII Carbon LLC’s (“RCC“) outstanding 8.25% U.S. dollar-denominated Senior Secured Notes due 2021 and RCC’s outstanding 8.50% Euro-denominated Senior Secured Notes due 2021 (the “RCC Notes“). RCI also intends to use cash on hand to redeem a portion of the outstanding RCC Notes. The New Revolving Credit Facility will replace RCI’s existing revolving credit facility, and is expected to be undrawn on the closing date of the New Senior Credit Facilities. 

The consummation and actual terms of the New Senior Credit Facilities are subject to a number of factors, including market conditions, negotiation and execution of definitive documents and satisfaction of customary closing conditions. The terms of the New Senior Credit Facilities could differ materially from those outlined above and there can be no assurance that RCI will enter into the New Senior Credit Facilities or that RCI will redeem the RCC Notes.  Any notices of redemption that RCC submits with respect to the RCC Notes will be conditional upon the consummation of the New Senior Credit Facilities and the raising of an amount under the New Term Loan B Facility that is sufficient to fund the redemption of the RCC Notes.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the RCC Notes or any other loans or securities.

About RCI

RCI is a leading vertically integrated global producer of a diversified portfolio of carbon-based and chemical products that are essential raw materials for staples of everyday life.  RCI operates in two business segments:  carbon and chemicals.  RCI’s carbon business segment converts the by-products of oil refining and steel production into high-value carbon-based products that are critical raw materials for the aluminum, graphite, carbon black, wood preservation, titanium dioxide, refractory and several other global industries.  RCI’s chemicals business segment extends the value chain of its carbon processing through the downstream refining of a portion of this output into high-value chemical products that are critical raw materials for the specialty chemicals, coatings, construction, petroleum and several other global industries.  RCI has longstanding relationships with most of its major customers, including several of the largest companies in the global aluminum, graphite and specialty chemicals industries, and with most of its major raw material suppliers, including several of the world’s largest oil refiners and steel producers.  RCI’s scale and process sophistication provides it the flexibility to capitalize on market opportunities by selecting from a wide range of raw materials, adjusting the composition of its product mix and producing products that meet exacting customer specifications, including several specialty products. RCI’s production facility locations and integrated global logistics network also strategically position it to capitalize on market opportunities by addressing raw material supply and product demand on a global basis in both established and emerging markets.

Forward-Looking Statements

The information contained in this announcement may contain forward-looking statements, estimates and projections. These statements involve elements of subjective judgment and analysis and are based upon the best judgment of RCI as of the date of this announcement. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Therefore, you should not rely on these forward-looking statements. Neither RCI nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein and this announcement is not a representation by RCI or any other person that they will do so, except to the extent required by law.

Contact:  Ryan Tayman, VP Finance and Investor Relations
Phone:  (203) 517-2822
Email:  ryan.tayman@raincarbon.com

 

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SOURCE Rain Carbon Inc.

Arianne is saddened to announce the passing of its chairman Jean Lamarre

Arianne is saddened to announce the passing of its chairman Jean Lamarre

Canada NewsWire



DAN: TSX-V (Canada)



JE9N: FSE (Germany)



DRRSF: OTC (USA)

Logo: Arianne Phosphate Inc. (CNW Group/Arianne Phosphate Inc.)

SAGUENAY, QC, Nov. 24, 2017Arianne Phosphate (the “Company” or “Arianne”) (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N), regretfully announces the passing of its Chairman of the Board Mr. Jean Lamarre.  Mr. Lamarre died on November 22 after a brief and courageous fight with illness.  Mr. Lamarre joined the Arianne board as its Chairman in March of 2016 and was a strong and guiding force on the board and within the Company. On behalf of the entire Arianne team, we want to extend our deepest sympathies to Mr. Lamarre’s wife and family.

“The loss of Jean will leave a void,” said Brian Ostroff, CEO of Arianne Phosphate. “He sat on many boards and served many causes; he touched a lot of people and will be greatly missed by those who had the good fortune of knowing and working with him.  Although Jean was constantly busy, he seemed to always have time.  Jean made those around him better, sharing his wisdom and guidance gained through his years of experience.  His leadership will be greatly missed and this void deeply felt.”


About Arianne Phosphate


Arianne Phosphate (“Arianne Phosphate Inc.”) (

www.arianne-inc.com

) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company has 100,530,580 million shares outstanding.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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http://twitter.com/arianne_dan


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http://www.youtube.com/user/ArianneResources


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Resource Investing News:


http://resourceinvestingnews.com/?s=Arianne





Cautionary Statements Regarding Forward Looking Information





This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, anticipatedquality and production of the apatite concentrate at the Lac à Paul project. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects, “is expected”, “budget”, “scheduled”, “estimates”, forecasts”, “intends”, “anticipates”, or “believes”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock price; risks related to changes in commodity prices; sources and cost of power facilities; the estimation of initial and sustaining capital requirements; the estimation of labour and operating costs; the general global markets and economic conditions; the risk associated with exploration, development and operations of mineral deposits; the estimation of mineral reserves and resources; the risks associated with uninsurable risks arising during the course of exploration, development and production; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support mining, processing, development and exploration activities; the risks associated with changes in the mining regulatory regime governing the Company; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at Lac à Paul project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of common shares; the risk of litigation. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in commodity prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

 

SOURCE Arianne Phosphate Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/24/c6888.html

Global $83.7 Million Chlorine Compressors (Liquid Ring Compressors, Centrifugal Compressors) Market to 2025

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Global $83.7 Million Chlorine Compressors (Liquid Ring Compressors, Centrifugal Compressors) Market to 2025

PR Newswire

DUBLIN, November 24, 2017 /PRNewswire/ —

The “Chlorine Compressors Market Analysis By Product (Liquid Ring Compressors, Centrifugal Compressors), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2014 – 2025” report has been added to Research and Markets’ offering.

Research and Markets Logo

The global chlorine compressors market is expected to reach USD 83.7 million by 2025

Chlor-alkali products have been witnessed a rising demand in various end-use industries. This is in turn expected to foster the demand for chlorine compressors over the forecast period. Chlorine is an integral part of chemical industry, being an important basic inorganic chemical along with fluorine and bromine.

Chemical leasing is expected to be a plausible restraint for chlorine industry in the near future. In chemical leasing model, the responsibility of chemical manufacturers not only includes manufacturing chemicals, but also includes the manufacturer is also responsible for its disposal. Chemical leasing was introduced with the help of the government of Austria and implemented in 2014 by the United Nations Industrial Development Organizations (UNIDO).

As per the UNIDO mandate, companies have to bear the cost of recycling the chemicals that they manufacture. By this process, the profit margins may decrease, which will eventually decrease the market size, thereby reducing the number of producers in the value chain. These regulations related to chlorine are likely to pose a challenge to chlorine compressor manufacturers.

Major market participants, such as Gardner Denver Nash LLC. and Mikuni Kikai Kogyo Co., Ltd., have established themselves as manufacturers and suppliers.

Further key findings from the report suggest:

  • The chlorine compressor market is expected to reach a demand of 6,466 units by 2025, growing at an estimated CAGR of 1.6% over the forecast period
  • The liquid ring compressor segment is expected to have the largest consumption in chlorine compressor market
  • Liquid ring compressors are expected to have a higher demand than centrifugal compressors owing to their ability to handle chlorine in liquid state
  • Asia Pacific is anticipated to hold the largest market share
  • Availability of a mature chlorine production infrastructure coupled with the proposed capacity addition to cater to PVC industry demand in Asia Pacific is expected to positively influence the demand for chlorine compressors in the coming years
  • The U.S. is expected to record the highest demand for chlorine compressors owing to the presence of mature chlor-alkali market over the forecast period

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Chlorine Compressors Market Variables, Trends, and Scope

Chapter 4 Chlorine Compressors Market: Product Estimates & Trend Analysis

Chapter 5 Chlorine Compressors Market: Regional Estimates & Trend Analysis

Chapter 6 Competitive Landscape

Chapter 7 Company Profiles

  • Devi Hitech Engineers Pvt. Ltd.
  • Sundyne
  • Gardner Denver Nash, LLC
  • Elliott Group
  • Garo – P. Iva
  • RefTec International Systems, LLC
  • Mayekawa Mfg. Co., Ltd.
  • Mikuni Kikai Kogyo Co., Ltd.
  • Charam Techno Chemical & Equipment (p) Ltd.
  • M. H. Industries

For more information about this report visit https://www.researchandmarkets.com/research/gnlm7z/chlorine

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com  

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SOURCE Research and Markets