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Market Chatter: Canada Reportedly Strikes LNG Supply Deal with Germany's SEFE
Canada reportedly reached a deal to supply German energy company SEFE with as much as 1 million metric tons of liquefied natural gas annually.The LNG will be supplied from the planned CA$10 billion Ksi Lisims project in British Columbia, Bloomberg News reported Tuesday, citing people familiar with the matter.A deal could be announced by the Canadian Minister of Energy and Natural Resources Tim Hodgson on Wednesday, the report added.SEFE, Canada's Natural Resources Ministry, and Ksi Lisims LNG did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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SOLV Energy Reports Public Offering of Class A Shares
SOLV Energy (MWH) said late Tuesday it has launched a public offering of 14 million Class A shares, including almost 7.2 million shares offered by affiliates of American Securities and some 6.8 million shares offered by the company.The selling stockholders and SOLV plan to grant underwriters a 30-day option to purchase up to about 1.1 million and 1.0 million additional shares, respectively, the firm said.The company said it plans to use the net proceeds to buy limited liability company interests in SOLV from existing holders, including affiliates of American Securities and some directors.Shares were down over 5% in after-hours activity.
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PBF Energy Prices $500 Million Notes Offering
PBF Energy (PBF) has priced $500 million of 7.25% senior notes due 2034 in a private offering, the company said late Tuesday.The notes will be co-issued with PBF Energy's subsidiary PBF Holding, the company said, adding that PBF Holding intends to use the net proceeds from the offering to fund the redemption in full of its outstanding 6% senior notes due 2028.The offering is slated to close on Thursday, the company added.Shares of the company were up 1.1% in after-hours activity.
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