On Wednesday, Herbalife Ltd (NYSE:HLF)’s shares dwindled -2.64%, and closed at $42.75, as Herbalife (HLF), declared a one-year partnership with Global Health Strategies Institute (GHSI), to assist improve the nutrition of more than 10,000 children ages 5-12 in India, in line with the government’s Mid-Day Meal Scheme (MDM) and School Health Programs (SHP).
As part of its corporate social responsibility efforts, Herbalife will work with GHSI and global vitamin supplier DSM, to assist provide access to good nutrition to children in India, a country with a history of malnourished, underweight children. The government-run MDMS and SHP programs are designed to improve the nutritional needs of children by providing food supplemented with adequate quantities of iron, folic acid and vitamin A. However, more fortified foods with essential micronutrients are needed.
Anjali Nayyar, senior vice president, Global Health Strategies Institute, said, “Addressing the nutritional needs of children is critical in India. While this project will be implemented in one pilot state, we strongly believe this will be a giant step in ensuring every child in India has the right to good health. We are delighted to partner with Herbalife on this critical issue.”
Herbalife Ltd., a nutrition corporation, develops and sells weight administration, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products. The corporation offers science-based products in four principal categories, counting weight administration; targeted nutrition; energy, sports, and fitness; and outer nutrition.
BreitBurn Energy Partners L.P (NASDAQ:BBEP)’s shares dropped -2.60%, and settled at $5.62, during the last trading session on Wednesday, as BreitBurn Energy Partners (BBEP), declared that it closed the formerly declared private offerings of $350 million of Series B perpetual convertible preferred units and $650 million of senior secured notes (Senior Notes) to investment funds managed by EIG, and other purchasers. In addition, Breitburn declared that it has amended its credit facility to allow for the issuance of the Senior Notes and to establish a revised borrowing base of $1.8 billion through April 2016, subject to limited exceptions.
Breitburn anticipates to use the net proceeds of about $930 million from the private offerings to repay borrowings under its credit facility, resulting in net borrowings, at closing, of about $1.29 billion.
Breitburn Energy Partners LP, an independent oil and gas partnership, attains, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States. The corporation’s oil, NGL, and natural gas reserves are primarily located in seven producing areas comprising the Arkansas, Louisiana, and East Texas; Michigan, Indiana, and Kentucky; Permian Basin in Texas and New Mexico; the Mid-Continent covering Oklahoma, Kansas, and the Texas Panhandle; Rockies in Wyoming; Florida and Alabama; and California.
At the end of Wednesday’s trade, Kosmos Energy Ltd (NYSE:KOS)’s shares dipped -2.55%, and closed at $8.40, after Kosmos Energy Ltd (KOS), declared the pricing of its formerly declared private offering to eligible purchasers of an additional $225 million aggregate principal amount of 7.875% senior secured notes due 2021 as a non-fungible add-on to the existing $300 million aggregate principal amount of such notes presently outstanding (the “existing notes”). The notes will have identical terms as the existing notes, other than the date of issue, the initial price, the first interest payment date and the first date from which interest will accrue. The net proceeds from the offering, after deducting discounts, commissions and other expenses, are predictable to be about $203 million. The offering is predictable to close on April 10, 2015, subject to customary closing conditions. Kosmos intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under its commercial debt facility and for general corporate purposes.
Kosmos Energy Ltd. explores for and produces oil and gas in Africa, Europe, and South America. Its asset portfolio comprises production and other development projects in offshore Ghana, in addition to exploration licenses with hydrocarbon potential in offshore Ireland, Mauritania, Morocco, Senegal, and Suriname. The corporation was founded in 2003 and is based in Hamilton, Bermuda.
Tribune Media Co (NYSE:TRCO), ended its Wednesday’s trading session with -2.52% loss, and closed at $59.50, as Tribune Media Co (TRCO), declared that it has filed a registration statement with the U.S. Securities and Exchange Commission regarding a projected secondary offering of 9,240,073 shares of its Class A ordinary stock by certain stockholders associated with Oaktree Capital Administration, L.P., Angelo, Gordon & Co., L.P. and JPMorgan Chase Bank, N.A., which represents about 25% of such stockholders’ current ownership in the Corporation. In connection with the offering, the selling stockholders will grant the underwriters an option to purchase up to 1,386,010 additional shares of Class A ordinary stock. The Corporation will not receive any proceeds from the projected secondary offering. The projected secondary offering will be made only by means of a prospectus.
When accessible, copies of the preliminary prospectus may be obtained from:
- Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; and
- P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Ave., Edgewood, NY 11717, (866) 803-9204.
Tribune Media Corporation, through its auxiliaries, operates as a media and entertainment corporation in the United States. The corporation operates through two segments, Television and Entertainment, and Digital and Data. The Television and Entertainment segment provides news, entertainment, and sports programming through Tribune Broadcasting local television stations, counting FOX television associates, CW television associates, CBS television associates, ABC television associates, NBC television associates, and independent television stations; and television series and movies on WGN America, a national general entertainment network.
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