Breitburn Energy Partners L.P. (BBEP) reported definitive agreements whereby the company will sell $350 million of perpetual convertible preferred units and $650 million of senior secured notes in simultaneous private offerings to investment funds managed by EIG Global Energy Partners, and other purchasers.
These offerings are expected to close on April 8, 2015, subject to the approval of an amendment to BBEP’s senior credit facility and satisfaction of other customary closing conditions.
BBEP said that, among other things in the agreements, the Series B Perpetual Convertible Preferred Units will be issued at a price of $7.50 (Read the terms of the agreements at the Company's investor relations section of its website)
BBEP expects to use the net proceeds from the private offerings of approximately $938 million to repay borrowings under its credit facility, resulting in net borrowings, at closing, of approximately $1.24 billion.
BBEP is an independent oil and gas master limited partnership focused on the acquisition, development, and production of oil and gas properties throughout the United States.
More about Breitburn Energy Partners L.P. (BBEP) at www.breitburn.com
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China Nepstar Chain Drugstore Ltd. (NPD) delivered strong growth in its quarterly financial results, driven by the company's continuous efforts to streamline business operations, optimize individual store performance, improve product mix and market products proactively through in-store promotions.
For its fourth quarter fiscal 2014, NPD posted revenue of $137.0 million, a 13.4% increase year over year, while its net income increased by 151.1% to $5.4 million, or $0.06 per diluted ADS compared to the same period the prior year. NPD's same store sales increased by 14.2% versus the fourth quarter 2013
NPD said that it will turn its focus to improving income from operations through continued stringent expenses control and achieving more sustainable growth in sales going forward.
NPD is a leading retail drugstore chain in China. As of December 31, 2014, NPD had 1,980 directly operated stores across 74 cities, one headquarter distribution center and 16 regional distribution centers in China.
More about China Nepstar Chain Drugstore Ltd. (NPD) at www.nepstar.cn
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Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Hemet, CA ( www.hemet.crwe-pr.com ) into the CRWE Network.
Hemet is located in the San Jacinto Valley in Riverside County, California, about 45 miles west of Palm Springs. Hemet's economy is based primarily on service to the senior community and ancillary services such as financial institutions and the health care professions.
The City of Hemet had an estimated population in 2013 (U.S. Census Bureau) of 81,750, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
These offerings are expected to close on April 8, 2015, subject to the approval of an amendment to BBEP’s senior credit facility and satisfaction of other customary closing conditions.
BBEP said that, among other things in the agreements, the Series B Perpetual Convertible Preferred Units will be issued at a price of $7.50 (Read the terms of the agreements at the Company's investor relations section of its website)
BBEP expects to use the net proceeds from the private offerings of approximately $938 million to repay borrowings under its credit facility, resulting in net borrowings, at closing, of approximately $1.24 billion.
BBEP is an independent oil and gas master limited partnership focused on the acquisition, development, and production of oil and gas properties throughout the United States.
More about Breitburn Energy Partners L.P. (BBEP) at www.breitburn.com
**
China Nepstar Chain Drugstore Ltd. (NPD) delivered strong growth in its quarterly financial results, driven by the company's continuous efforts to streamline business operations, optimize individual store performance, improve product mix and market products proactively through in-store promotions.
For its fourth quarter fiscal 2014, NPD posted revenue of $137.0 million, a 13.4% increase year over year, while its net income increased by 151.1% to $5.4 million, or $0.06 per diluted ADS compared to the same period the prior year. NPD's same store sales increased by 14.2% versus the fourth quarter 2013
NPD said that it will turn its focus to improving income from operations through continued stringent expenses control and achieving more sustainable growth in sales going forward.
NPD is a leading retail drugstore chain in China. As of December 31, 2014, NPD had 1,980 directly operated stores across 74 cities, one headquarter distribution center and 16 regional distribution centers in China.
More about China Nepstar Chain Drugstore Ltd. (NPD) at www.nepstar.cn
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Hemet, CA ( www.hemet.crwe-pr.com ) into the CRWE Network.
Hemet is located in the San Jacinto Valley in Riverside County, California, about 45 miles west of Palm Springs. Hemet's economy is based primarily on service to the senior community and ancillary services such as financial institutions and the health care professions.
The City of Hemet had an estimated population in 2013 (U.S. Census Bureau) of 81,750, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
