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ATP ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER

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HOLLYWOOD, Fla., July 22, 2024 /PRNewswire/ — ATP Tower Holdings, LLC (“ATPTH”), Andean Tower Partners Colombia SAS (“Colombia TowerCo”), Andean Telecom Partners Peru S.R.L. (“Peru TowerCo”) and Andean Telecom Partners Chile SpA (“Chile TowerCo” and, together with ATPTH, Colombia TowerCo and Peru TowerCo, “ATP”) announce that ATP has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of ATP’s outstanding 4.05% Senior Secured Notes due 2026 issued by ATP and unconditionally and irrevocably guaranteed by ATP Fiber Colombia SAS, Redes de Fibra del Peru S.R.L. and ATP Fiber Chile SpA (the “Notes”), and currently listed on the Global Exchange Market of Euronext Dublin. 

The Tender Offer is being made pursuant to the terms and conditions set forth in the offer to purchase dated July 22, 2024 (the “Offer to Purchase” and, together with the accompanying Notice of Guaranteed Delivery (as defined herein), the “Offer Documents”).

The Tender Offer will expire at 10:00 a.m. (New York City time) on July 30, 2024, unless extended (such date and time, as the same may be extended, the “Expiration Time”). Notes tendered in accordance with the Tender Offer may be withdrawn at any time at or prior to 10:00 a.m. (New York City time) on July 30, 2024, unless extended (the “Withdrawal Deadline” which, assuming no extension of the Expiration Time, will be the same date as the Expiration Time). Payment for the Notes that are validly tendered and not validly withdrawn and that are accepted for purchase will be made on the Settlement Date (as defined in the Offer to Purchase). The Settlement Date is anticipated to be on or around August 2, 2024.

The following table sets forth the Notes subject to the Tender Offer and the consideration payable (the “Tender Offer Consideration”) for Notes accepted for purchase in the Tender Offer.

Notes

CUSIP Numbers and ISINs

Principal Amount

Outstanding

Tender Offer
Consideration(1)

4.05% Senior Secured Notes
due 2026

CUSIP Numbers:

144A: 00216D AA9

Reg S: P1000P AA3

ISINs:
144A: US00216DAA90

Reg S: USP1000PAA32

US$375,000,000

US$990

(1)

Per US$1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Expiration Time or the Guaranteed Delivery Time (as defined herein) and accepted for purchase by us. Excludes Accrued Interest (as defined herein) to be paid to Holders.

Holders of the Notes may participate in the Tender Offer by validly tendering and not validly withdrawing their Notes by the Expiration Time or submitting a properly completed and duly executed notice of guaranteed delivery instruction (the “Notice of Guaranteed Delivery”) at or prior to the Expiration Time and tendering their Notes at or prior to the Guaranteed Delivery Time.

Unless the context indicates otherwise, all references to a valid tender of Notes in this press release shall mean that (i) such Notes have been validly tendered at or prior to the Expiration Time and such tender or delivery has not been validly withdrawn at or prior to the Withdrawal Deadline or (ii) a Notice of Guaranteed Delivery in respect of such Notes has been validly delivered at or prior to the Expiration Time and such Notes have been tendered at or prior to 5:00 p.m. (New York City time) on the second business day after the Expiration Time (the “Guaranteed Delivery Time”).

ATP expressly reserves the right, subject to applicable law, to (1) delay acceptance of Notes tendered under the Tender Offer, or the payment for Notes accepted, (2) extend the Tender Offer, (3) terminate or withdraw the Tender Offer at any time if any of the conditions thereto are not satisfied on or prior to the Expiration Time, and (4) if any of the conditions to the Tender Offer are not satisfied, amend, modify or waive at any time, or from time to time, the terms of the Tender Offer, including waiver of any conditions to consummation of the Tender Offer.

The Tender Offer is being made concurrently with an offering of a new series of notes (the “New Notes”) by ATP, ATP Fiber Colombia SAS, Redes de Fibra del Peru S.R.L. and ATP Fiber Chile SpA, as co-issuers, in reliance on one or more exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the “New Notes Offering”). Notwithstanding any other provision of the Tender Offer, and in addition to, and not in limitation of, ATP’s rights to extend or amend the Tender Offer, ATP’s obligation to accept for purchase, and to pay for, any Notes validly tendered and not validly withdrawn pursuant to the Tender Offer is conditioned upon the satisfaction of or waiver of certain conditions, including the Financing Condition (as defined in the Offer to Purchase), which the New Notes Offering is intended to fulfill, among other conditions. No assurance can be given that the New Notes Offering will be priced or settled successfully. ATP reserves the right, in its sole discretion, to waive any one or more of the conditions at any time. In no event will this press release or the information contained in this press release regarding the New Notes constitute an offer to sell or a solicitation of an offer to buy any New Notes.

ATP has engaged Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Scotia Capital (USA) Inc. to act as the Dealer Managers in connection with the Tender Offer. D.F. King & Co., Inc. is acting as Tender and Information Agent for the Tender Offer.

This announcement is for informational purposes only, and does not constitute an offer to purchase or sell or a solicitation of an offer to sell or purchase any securities.

The Tender Offer is not being made to holders of Tender Notes in any jurisdiction in which ATP is aware that the making of the Tender Offer would not be in compliance with the laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on ATP’s behalf by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. Any questions or requests for assistance regarding the Tender Offer may be directed to Goldman Sachs & Co. LLC toll-free at +1 (800) 828-3182 or collect at +1 (212) 357-1452, J.P. Morgan Securities LLC toll-free at +1 (866) 846-2874 or collect at +1 (212) 834-7279, Deutsche Bank Securities Inc. toll-free at +1 (866) 627-0391 or collect at +1 (212) 250-2955, or Scotia Capital (USA) Inc. toll free at +1 (800) 372-3930 or collect at +1 (212) 225-5559. The Offer Documents can be accessed at the following link: www.dfking.com/atp.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from such holder in order for that holder to be able to participate in, or withdraw their instruction to participate in, the Tender Offer, before the deadlines specified herein and in the Offer Documents. The deadlines set by any such intermediary and the relevant clearing systems for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer Documents.

The Tender Offer is being made solely pursuant to the Offer Documents. The Offer Documents have not been filed with, and have not been approved or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer Documents or any other documents related to the Tender Offer, and it is unlawful and may be a criminal offense to make any representation to the contrary.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions. ATP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

 

View original content:https://www.prnewswire.com/news-releases/atp-announces-commencement-of-cash-tender-offer-302202729.html

SOURCE ATP Tower Holdings, LLC

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Tax Relief Over Democracy? US Expats Weigh Sacrificing Voting Rights to Escape Tax Obligations

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September 27, 2024

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NEW YORK, Sept. 27, 2024 /PRNewswire/ — MyExpatTaxes, the leading tax filing platform for American expats, has found that nearly 60% (58.4%) of expats would give up their right to vote in exchange for not having to file U.S. taxes while living abroad amidst the increasingly complex filing requirements imposed on them.

“We are seeing a very notable shift in the attitude of American expats,” said MyExpatTaxes CEO Nathalie Goldstein. “As tax requirements become more onerous and expensive, especially against the backdrop of historic political polarization and the perception of getting less value in return for taxes paid, we are seeing more Americans than ever questioning whether to remain U.S. citizens.”

There are now 5.9M Americans living outside the United States.

The filing requirements as an American expat have become so daunting that MyExpatTaxes’ survey found 46.7% of respondents considered actually renouncing their US citizenship due to the complexities of filing.

Many first time expats are in fact surprised to learn that even income earned from working a job located in a foreign country is still subject to U.S. tax filing requirements– and adding additional forms and documentation along the way.

The shifting attitude of American expats seems to not merely be a referendum on taxation itself, but rather a dissatisfaction with the value realized from those taxes. Just about 90% of respondents indicated that their quality of life had improved since moving abroad. Perhaps as a nod to the taxation systems in other countries such as across Europe, 88% stated that they are agreeable with paying higher taxes if it means better access to healthcare and social safety nets.

The survey, the largest of its kind ahead of the 2024 U.S. presidential election, polled 1,500 expats living in 89 different countries. The findings also illuminated the potential impact of expat voters with just over 27% of respondents admitting that they have not voted while living abroad. Of those polled, 15% hail from swing states.

As the U.S. remains one of two countries that enforce citizen-based taxation, Goldstein, an American expat herself, encourages all U.S. citizens living abroad to vote in the upcoming 2024 election. “It’s important that Americans abroad are seen as a sizable community, so that those making changes to U.S. taxation laws keep them in mind.”

View original content:https://www.prnewswire.com/news-releases/tax-relief-over-democracy-us-expats-weigh-sacrificing-voting-rights-to-escape-tax-obligations-302261124.html

SOURCE MyExpatTaxes

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Spring Labs Expands Line-Up of Marquee Names to Present at Its Inaugural AI-Native Banking and Fintech Conference

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58 mins ago

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September 27, 2024

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Industry Luminaries Join Speaker Roster to Discuss AI Use Cases that Drive Economic Growth.

MARINA DEL REY, Calif., Sept. 27, 2024 /PRNewswire/ — Spring Labs, the intelligent AI powerhouse solution for financial services, today announced it has deepened its bench of speakers to present at the inaugural Artificial Intelligence (AI)-Native Banking and Fintech Conference, Monday, October 7, 2024, at the University of Utah in Salt Lake City, Utah—an epicenter for AI innovation.

The AI-Native Banking and Fintech Conference, which will include an address from Utah Governor Spencer J. Cox, will be co-hosted by the University of Utah, the Utah Bankers Association (UBA), the Governor’s Office of Economic Opportunity (GOEO) and American Fintech Council. In a collaborative setting, leading banks, fintechs, and AI providers will hear about the AI use cases and value-added ideas that translate into real-world applications that drive economic growth.

“When we first announced this event, we were met with a huge wave of enthusiasm from the financial service and fintech ecosystem,” says John Sun, CEO and Co-Founder of Spring Labs. “Our updated roster of speakers includes some of the most prominent names in the industry, and we’re delighted to host them as they collaborate with and inspire our audience on the practical and ethical development and applications of AI.”

“As an organization who is focused on accelerating fintech growth, it’s great to work with organizations like Spring Labs, which are committed to innovation and excellence in fintech and AI,” says Ryan Christiansen, Executive Director of the Stena Center for Financial Technology. “The conference agenda highlights the fantastic financial services ecosystem here in Utah, and we’re excited to participate.”

New speakers added to the line-up include:

Travis Hill, Vice Chairman of the Federal Deposit Insurance Corporation (FDIC)Brian Brooks, Former Comptroller of the Currency, OCCDan Pillemer, President and CEO at CardWorksKirk Cullimore, Utah State Senator, Sponsor of the AI Policy Act (SB 149)Zach Boyd, PhD, Director, Office of Artificial Intelligence Policy, State of Utah

Additionally, we will be joined by senior leaders from regulatory agencies such as the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve, the Utah Department of Financial Institutions, C-Suite leaders from prominent fintech banks and fintech companies, academics studying the AI space, and top media outlets covering AI in banking and fintech.

Visit the conference website for further details on the event and/or to purchase tickets.

About Spring Labs
Spring Labs is the creator of Zanko, the intelligent AI copilot for financial institutions. Zanko streamlines customer support and compliance operations by automating tasks, enabling robust self-service options, boosting team efficiency and enhancing the customer experience. For more information, visit: https://www.springlabs.com/.

Media Contact: Kristina LeBlanc, kristina@notablypr.com

View original content:https://www.prnewswire.com/news-releases/spring-labs-expands-line-up-of-marquee-names-to-present-at-its-inaugural-ai-native-banking-and-fintech-conference-302261126.html

SOURCE Spring Labs

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Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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59 mins ago

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September 27, 2024

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645

Browse in-depth TOC on “Anti-Drone Market” 
178 – Tables
61 – Figures
253 – Pages

Anti-Drone Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 2.16 billion

Estimated Value by 2029

$ 7.05 billion

Growth Rate

Poised to grow at a CAGR of 26.7%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By System Type, Application, Platform type, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Vulnerability to hacking

Key Market Opportunities

Emphasis on improving unmanned aircraft systems technology

Key Market Drivers

Growing number of illicit activities

By System Type: Hybrid systems to account for the larger market share in the forecasted year.

The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.

By Platform: The ground-based segment accounted for the largest market share in the forecast year.

The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.

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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.

Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.

Key Players-

The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029

Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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