Junk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through

first_imgJunk Bond Deal for Murray Energy to Take Over Bowie Resource Partners Falls Through FacebookTwitterLinkedInEmailPrint分享Wall Street Journal: Bowie Resource Partners LLC, a Kentucky coal-mining company, pulled a $510 million debt deal Friday as investor sentiment toward high-yield debt became more cautious.The deal would have paved the way for a takeover of the company by Murray Energy Corp. and new bondholders.The proposed deal was intended to refinance Bowie debt set to mature in 2020 and would have cashed out Bowie’s current owner, commodity trading firm Trafigura PTE Ltd.The debt deal was a key condition in a new partnership Bowie planned to form with Murray Energy, to be called Canyon Consolidated Resources. Murray Energy was set to take a 30.5% stake in the company, and new bond investors would’ve gotten a 28.5% stake if the debt deal had gone through.The decision to pull the plug on the capital raise puts the fate of the Canyon partnership into question.More:  ($) “Coal Company Bowie Resource Partners Pulls Debt Deal Backing Takeover”last_img read more

OMA FutureStars festival of sport slated for September 16

first_imgThe fourth edition of the OMA FutureStars Festival of Sport will come off at the Tema Sports Stadium on September 16.The event, which will see students from five Tema-based schools competing for honours in 5-aside football and netball.  This year’s event will see the introduction of a sprint competition to discover the fastest boy and girl.Community 7 Primary School, Community 8 Primary School, Twedease Primary School, Republic Road Primary School and Baatsona Primary School are the five public schools selected for the festival.Togo-based PromoStars won last year’s edition of the OMA FutureStars Festival after defeating Community 7 Primary School in the finals.The OMA FutureStars Festival of Sport is aimed at promoting education and instilling core values through sports.Former Sunderland defender Titus Bramble will grace this year’s event. He is expected to bring his rich football experience to bear on the one-day festival which is a collaboration between OMA Ghana, Ipswich Town Football Academy, and Yinson Holdings Berhad.Bramble (born 31 July 1981) is an English footballer who plays for Stowmarket Town, where he is also employed as a coach. He plays as a centre-back. Bramble is also Under-11 coach at Ipswich Town.Bramble played in the English Premier League between 2000 and 2013, representing Ipswich Town, Newcastle United, Wigan Athletic, and Sunderland. After being released by Sunderland in 2013, he spent several years in a coaching capacity at Ipswich, with whom he began his career in 1998.last_img read more

Regional students become international winners at Science Fair

first_imgPlatzer won her gold medal in the Environmental Sciences category, and O’Reilly in the Health Sciences category.Platzer’s project entitled ‘Hey Aliens’ had her sift through hay from 22 farms in the North Peace region to obtain 5,568 “potential seeds” that she then photographed and planted. The result showed 628 of the “potential seeds” were invasive plant species, “all of which either cause pain to animals or have the potential to overtake the native plants.”Emily’s project entitled ‘Ancient Knowledge – Modern Approach’ had her remove cyanide from apricot kernels in order to determine the effects of the kernel extracts on bacterial infection. This is said to have demonstrated “compelling evidence for the controversial belief that there are one or more compounds in the apricot kernel that have specific antibacterial properties.”- Advertisement -The students were selected to participate based on their Science Fair project work, their communication skills and their ambassadorial qualities.The Taiwan International Science Fair was held February 4 – 10 2015 in Taipei, Taiwan.last_img read more