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SAN ANTONIO -Wednesday, February 8th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Acelity L.P. Inc. (“Acelity”), a global advanced wound care company, today announced that, on February 3, 2017, its wholly-owned operating subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. (collectively, the “Borrowers” or the “Issuers”) repaid in full their existing credit facilities and redeemed all outstanding principal amounts of their 9.625% Second Lien Senior Secured Notes due 2021 and their 12.5% Senior Notes due 2019. Additionally, the Borrowers, together with certain of Acelity’s other subsidiaries, entered into a new credit agreement which provides for a $1,085 million dollar term facility, €239 million euro term facility and a $300 million revolving facility. The term loan facilities will mature on February 3, 2024, and the revolving facility will mature on February 3, 2022. “The completion of the sale of LifeCell and subsequent repayment of debt bolsters our balance sheet and significantly r ... Read more »
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PARIS -Wednesday, February 8th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Schlumberger Limited (NYSE:SLB) will hold a conference call on April 21, 2017 to discuss the results for the first quarter ending March 31, 2017. The conference call is scheduled to begin at 8:30 am (US Eastern time). A press release regarding the results will be issued at 7:00 am (US Eastern time). To access the conference call, listeners should contact the Conference Call Operator at +1 (800) 288-8967 within North America or +1 (612) 333-4911 outside of North America approximately 10 minutes prior to the start of the call, and ask for the “Schlumberger Earnings Conference Call.” A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until May ... Read more »
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The KBC Co-Pilot ProgramTM brings together KBC’s strategic and technical consultants with their world-leading Petro-SIM™ simulation technology, which is connected to a cloud-based Industrial Internet of Things (IIoT) data-as-a-service solution to remotely monitor and help improve their customers’ process operations. ORLANDO, Fla. -Wednesday, February 8th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- KBC Advanced Technologies (KBC), a wholly-owned subsidiary of Yokogawa Electric Corporation (TOKYO: 6841), is today pleased to announce the launch of the KBC Co-Pilot ProgramTM (“Co-Pilot”). Just as the co-pilot of an aircraft is there to assist the pilot with additional knowledge and to step in and help at times of intense activity, the KBC Co-Pilot is there to remotely support the plant with expertise and insight supplementing the plant’s own capabilities and resources, thus assuring that it achieves its full potential. This is tangible evidence of the KBC Production Core™ vision, which enta ... Read more »
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BNC Forecasts Significant Construction Activity throughout 2017 Dubai, United Arab Emirates -Tuesday, February 7th 2017 [ ME NewsWire ] 4,000 active projects in Dubai valued at $313.6 billion Dubai’s strong construction trends look set to continue through 2017 according to BNC’s Construction Analytics across five market sectors indicating a positive year ahead with a total of 4,000 active projects ongoing amounting to a total estimated value of USD 313.6 billion. This includes projects that are in the concept, design, tender, under construction and on-hold phases, and constitutes 39% of the number of active projects in the UAE and 42% of the total estimated value of all active projects in the UAE. According to BNC’s Dubai Overview Report published in January 2017, the urban construction sector has more than 3,200 active projects amounting to a combined estimated value of over USD 245 billion. This is followed by the transport sector with 187 projects valued at USD 32.4 billion, t ... Read more »
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HAMILTON, Bermuda-Tuesday, February 7th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced former Ariel Re chief executive officer, Ryan Mather, will serve as Argo Group’s global head of reinsurance leading all reinsurance operations. This announcement comes only a day after Argo Group announced the closing of the Ariel Re transaction on Feb. 6. “Ariel Re and Argo Group are a terrific fit – operationally and culturally,” says Argo Group CEO Mark E. Watson III. “Ryan’s leadership and collaboration were key factors in our ability to finalize this agreement and begin implementing the company’s integration plan so swiftly. This is reflective of the teamwork and outstanding results we expect to see in the future.” Mather’s organization will retain the Ariel Re brand as a member of Argo Group, and he will report directly to Jose A. Hernandez, head of Ar ... Read more »
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Dubai, United Arab Emirates -Tuesday, February 7th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- A.M. Best is a sponsor of the first Dubai World Insurance Congress event, to be held 28 February - 1 March 2017 in Dubai, United Arab Emirates. Hosted by Global Reinsurance, the Dubai International Financial Centre and the DIFC Insurance Association, the Dubai World Insurance Congress is a new international (re)insurance event. A.M. Best’s delegation will be available for meetings and will hold bilateral discussions at their meeting location in the conference Premium Lounge. To arrange a meeting, please email Bouchra.AbouNader@ambest.com. More information about the conference is available at http://www.dubaiwic.com/dubaiwic. A.M. Best rates more than 50 (re)insurance companies in the GCC and broader MENA region and has a representative office in the Dubai International Financial Centre (DIFC) to support its growing presence in the region. To learn more about Best’s Credit Ratings, please visi ... Read more »
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SAN FRANCISCO-Tuesday, February 7th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Andersen Global is proud to announce the addition of TaxChambers LLP, a tax boutique in Toronto, Canada, as a Collaborating Firm of Andersen Global. TaxChambers LLP’s Toronto location extends the firm’s growing presence in Canada. The TaxChambers LLP team is led by partners Sunita Doobay and Vitaly Timokhov. “Our collaboration with TaxChambers LLP substantially builds out a broader geographic platform in Canada,” said Andersen Tax CEO, Mark Vorsatz. “Adding a strong presence in Toronto demonstrates our commitment to serving clients seamlessly in this key market and around the world.” Sunita Doobay, lead Tax Partner at TaxChambers LLP, commented, “We represent clients from Canada, the U.S., and beyond, and the collaboration with various member firms of Andersen Global will allow us to provide even more extensive cross-border tax services to our clientele.” The tax lawyers at TaxChambers LLP advise in all area ... Read more »
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High-performance, Cloud-based Recursive DNS Solution Delivers Lightweight Security and Threat Protection STERLING, Va.-Tuesday, February 7th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today announced the launch of Neustar UltraRecursive, a high-performance, cloud-based recursive DNS solution that delivers cost-effective security and threat protection. Neustar UltraRecursive quickly connects users to vital online applications and websites while enabling an additional layer of security that prevents access to unwanted content, protecting organizations from exposure to malware, viruses, and other malicious threats. “Recent attacks and current events have demonstrated that securing critical DNS infrastructure remains an afterthought, oftentimes because fast Internet performance is the priority. But you shouldn’t have to compromise between performance and security.” said Nicolai Bezsonoff, General Manag ... Read more »
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HAMILTON, Bermuda-Tuesday, February 7th 2017 [ ME NewsWire ] (BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced it has closed the acquisition of Ariel Re, a global underwriter of insurance and reinsurance business. Ariel Re was jointly owned by Banco BTG Pactual S.A. and the Abu Dhabi Investment Council. The company underwrites a global portfolio of insurance and reinsurance business through Lloyd’s Syndicate 1910. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate ... Read more »
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