/NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTRÉAL, Nov. 25, 2024 /CNW/ – METRO INC. (“Metro”) today announced the pricing of a private placement offering of C$500 million aggregate principal amount of 3.998% Series L Senior Unsecured Notes due November 27, 2029 (the “Series L Notes”). The Series L Notes will carry a coupon of 3.998% and were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.998% per annum if held to maturity. Metro intends to use the net proceeds of the offering for the repayment of the 1.922% Senior J Notes due December 2, 2024, the repayment of indebtedness incurred under its revolving credit facility and for general corporate purposes.

BMO Capital Markets, National Bank Financial Markets and Desjardins Securities Inc. are acting as co-lead managers and joint-bookrunners for the offering and CIBC World Markets Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc. and Casgrain & Company Limited are acting as co-managers.

The Series L Notes will be direct unsecured obligations of Metro and will rank pari passu with all other unsecured and unsubordinated indebtedness of Metro.

The Series L Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation and have been assigned provisional ratings BBBH (stable), by DBRS Limited, and BBB by Standard & Poor’s Ratings Services.

Closing of the offering is expected to take place on November 27, 2024, subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Series L Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered, sold or delivered in the United States of America or its territories or possessions or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. The information in this press release is not complete and may be changed. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Series L Notes in the United States.

About METRO Inc.

With annual sales of more than $20 billion, METRO Inc. is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 980 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. For more details, visit corpo.metro.ca and follow the latest news on LinkedIn.

Forward–Looking Statements

This press release contains forward-looking statements which reflect management’s expectations related to expected future events including, but not limited to, statements relating to the closing of the proposed offering of Series L Notes and the intended use of net proceeds therefrom. This forward-looking information typically contains future or conditional tense verbs and the words “should”, “anticipate”, “believe”, “estimate”, “intend”, “expect”, “may”, “will”, “potential”, “plan”, “project” or other similar terms. These forward-looking statements are not facts, but only reflections of management’s estimates and expectations. Although Metro believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to differ materially from management’s expectations as set forth in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties discussed in the “Risk Management” section in disclosure materials filed from time to time with Canadian securities regulatory authorities. The closing of the proposed offering of Series L Notes is subject to customary closing conditions and there can be no assurance that the proposed offering of Series L Notes will be completed or that the terms of the proposed offering of Series L Notes will not be modified.

The forward-looking statements included in this press release are made only as of the date hereof and Metro does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events contained in these forward-looking statements may or may not occur. Metro cannot assure that projected results or events will be achieved.

SOURCE METRO INC.

NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global semiconductor market in military and aerospace industry size is estimated to grow by USD 3.02 billion  from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.56%  during the forecast period. Increased upgrading and modernization of aircraft is driving market growth, with a trend towards growing use of UAVS. However, high cost associated with manufacturing  poses a challenge.Key market players include Advanced Micro Devices Inc., AKHAN Semiconductor Inc., AMS Technologies AG, Broadcom Inc., Digitron Semiconductors, Foundaries Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., Micross Inc., Northrop Grumman Corp., ON Semiconductor Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., SEMICOA, Semtech Corp., Skyworks Solutions Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc..

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Market Driver

The semiconductor market in the military and aerospace industry is witnessing significant growth due to increasing defense expenditure and modernization. Microchips and integrated circuits (ICs) made of silicon, germanium, compounds, and gallium arsenide are in high demand for defense applications. N-type and P-type semiconductors are used in various systems, including border security solutions, UAVs (drones), and the Rafale fleet. Government sector spending on defense and space activities is driving the market. Radiation-tolerant components are essential for space-hardened microprocessors to withstand the harsh space environment and its effects, such as particle and electromagnetic radiation, electronic noise, and signal spikes. The communications sector, consumer automotive sector, and electronic devices sector are also contributing to the semiconductor market’s growth. CAES (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) systems require advanced semiconductor technology. Military and aerospace applications, such as satellite launches and space activities, require semiconductors with short lead times and reasonable acquisition costs. The semiconductor market’s future growth will depend on the development of radiation-tolerant components and the integration of semiconductors into various systems, including pilots, Boeing 757s, 767s, display screens, and logistics and aid packages. Global security, information security, and the increasing use of connected devices and electronic devices also present opportunities for the semiconductor market. However, challenges such as hacking incidents and the need for secure systems remain. 

The military and aerospace industry is witnessing significant growth in the adoption of Unmanned Aerial Vehicles (UAVs), also known as drones. These remotely controlled aircraft are increasingly used for various applications beyond military use, such as logistics and disaster relief. For instance, the United Arab Emirates is testing drones for firefighting and drug delivery. India is investing heavily in UAVs for military border security surveillance, with plans to purchase hi-tech drones like the MQ-9B from the US. UAVs offer cost-effective, efficient, and flexible solutions for various applications in the military and aerospace sectors. 

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Market Challenges

The semiconductor market in the military and aerospace industry faces unique challenges due to the specific requirements of these sectors. Microchips and integrated circuits (ICs) must be able to withstand extreme conditions, such as those found in the space environment. Pure elements like silicon, germanium, compounds, and gallium arsenide are used to create N-type and P-type semiconductors for defense applications. Government sector spending on military expenditure, defense modernization, and CAES drives demand for semiconductors in this industry. Semiconductors are essential for various sectors, including communications, electronic devices, and the military. Challenges include radiation effects from particle and electromagnetic radiation, electronic noise, and signal spikes. Space-hardened microprocessors are crucial for border security, terrorism prevention, and UAV solutions, such as those used in the Rafale fleet and F4 standard missiles. Semiconductor manufacturers must produce radiation-tolerant components to meet these demands. Lead time and acquisition cost are critical factors in the semiconductor market. Semiconductors are used in various applications, from Boeing 757s and 767s to display screens, UAVs, logistics, aid packages, museums, and global and information security. Semiconductors also play a role in satellite launches and space activities. Hacking incidents and connected devices add to the need for semiconductor solutions.The semiconductor market in the military and aerospace industry is capital-intensive, similar to the automotive sector. Establishing new semiconductor factories entails a substantial investment, with facility costs being a significant expense. The price of the building is a crucial factor. Manufacturing equipment is another substantial expenditure. Early semiconductor companies, like Motorola, would manufacture their equipment and produce chips. However, as technology advanced, this practice became less common. The high cost of both facilities and equipment necessitates ongoing investment to remain competitive in these industries.

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Segment Overview 

This semiconductor market in military and aerospace industry report extensively covers market segmentation by  

Product 1.1 Memory1.2 Logic1.3 MOS microcomponents1.4 Analog1.5 OthersApplication 2.1 Defense2.2 AerospaceGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Memory-  Semiconductor memory plays a crucial role in the military and aerospace industry due to the increasing use of processors in various devices. Random Access Memory (RAM) and Read-Only Memory (ROM) are the primary types of semiconductor memory. RAM is a volatile memory that provides temporary storage for program codes and data, while ROM is a non-volatile memory that saves data permanently. The introduction of advanced technologies, such as programmable read-only memory (PROM) and dynamic random-access memory (DRAM), has expanded the memory options. The military and aerospace industries are witnessing significant technological advancements, with global semiconductor manufacturers launching new processors for high-reliability applications. For instance, Teledyne e2v HiRel Electronics’ partnership with Integra Technologies Inc. To introduce 100V GaN/SiC RF power technology for aerospace and defense applications will further increase the demand for memory semiconductors. Additionally, the integration of technology in military weapons, such as Intelligun’s fingerprint-locking system, and the growing use of the Internet of Things (IoT) in the aviation and military sectors will propel the demand for memory chips in the industry.

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Research Analysis

The semiconductor market in the military and aerospace industry is driven by the demand for advanced electronic systems in defense modernization and space exploration. Microchips and integrated circuits (ICs) made from pure elements like Silicon, Germanium, and compounds such as Gallium arsenide are essential for creating N-type and P-type semiconductors. The government sector is a significant consumer, with military expenditure fueling the demand for semiconductors in various applications. The communications sector, electronic devices sector, and consumer automotive sector also contribute to the market growth. The military and aerospace industry requires semiconductors that can withstand extreme conditions, such as those found in space. CAES (Computer Aided Engineering Systems) are used to design space-hardened microprocessors that can resist radiation effects and particle radiation in the space environment. Military applications include border security, terrorism detection, and UAV solutions, while defense budgets fund research and development of advanced technologies like Scalp missiles and the Rafale fleet’s F4 standard engines. The semiconductor industry continues to innovate to meet the unique demands of the military and aerospace sector.

Market Research Overview

The semiconductor market plays a crucial role in the military and aerospace industry, supplying microchips and integrated circuits (ICs) made of various elements such as silicon, germanium, compounds, gallium arsenide, and others. N-type and P-type semiconductors are essential for creating electronic systems for defense applications. The government sector, defense modernization, and military expenditure drive the demand for semiconductors in this industry. Military and aerospace applications require semiconductors that can withstand harsh environments, including space-hardened microprocessors for satellite launches and space activities. Radiation effects, including particle radiation, electromagnetic radiation, electronic noise, and signal spikes, are significant challenges for semiconductors in these applications. The military and aerospace industry’s semiconductor market caters to various sectors, including communications, electronic devices, border security, terrorism prevention, and UAV solutions. Semiconductors are used in defense systems, military aircraft like the Rafale fleet, and civilian aircraft such as Boeing 757s and 767s. They are also essential for display screens, logistics, aid packages, and museums. The semiconductor market for military and aerospace applications faces challenges such as long lead times and high acquisition costs. However, the growing need for global and information security, including protection against hacking incidents and connected devices, continues to drive demand for advanced semiconductor solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMemoryLogicMOS MicrocomponentsAnalogOthersApplicationDefenseAerospaceGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global fantasy sports market size is estimated to grow by USD 9.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.05% during the forecast period. Launch of various apps for fantasy sports is driving market growth, with a trend towards use of fantasy sports for brand promotion. However, uncertain future of fantasy sports and ill effects of gaming on health poses a challenge. Key market players include APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo.

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Key Market Trends Fueling Growth

The Fantasy Sports Market is experiencing significant growth, with popular sports leagues and tournaments like the NFL, Premier League, IPL, and more driving fan engagement. Fantasy sports platforms are thriving in the online gaming sector, thanks to high-speed internet and mobile applications. Football, baseball, basketball, hockey, cricket, and other sports are all represented in this industry. Trends include daily fantasy contests, virtual trading, and fan interaction through social media. New technologies like virtual reality (VR) and augmented reality (AR) are also gaining traction. However, online gambling and sports betting remain controversial. Key players include Reignmakers and Fantasy Football, offering NFT-based games and premium subscriptions. The market is expanding into new areas like soccer, FIFA, and various other sports. The mobile application sector is booming, with secure payment methods and blockchain-based apps ensuring safety. Software engineers, data scientists, and cyber security professionals are in demand to develop user-friendly interfaces and ensure fair gameplay. Internet penetration and sports tech are driving growth, with advertising, in-app purchases, and sponsorships providing revenue streams. Despite challenges, the future looks bright for this dynamic industry. 

Many major brands have adopted fantasy sports as a marketing strategy. Unilever, for example, launched the Dove Men+Care fantasy football hub, offering exclusive football recommendations and advice from ESPN analysts to consumers. Toyota secured advertising space for the Yahoo fantasy football league recaps. Hilton introduced a free-entry fantasy racing contest for members of its hotel chains. These companies utilize fantasy sports to target high-income consumers aged 25 to 50 years. Global brands leverage this platform to boost their brand visibility and customer engagement. 

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Market Challenges

The Fantasy Sports Market is a thriving industry that allows fans to engage with their favorite sports leagues and tournaments, such as the NFL, Premier League, IPL, and more, through fantasy sports platforms. With the rise of high-speed internet and online gaming, fans can now participate in daily fantasy contests for football, baseball, basketball, hockey, cricket, and other sports from anywhere. Fantasy sports platforms offer user-friendly interfaces, social interaction, and virtual trading. The market includes mobile applications, eSports, and even NFT-based games like Reignmakers and Fantasy Football. The online gaming business is growing, with secure payment methods, blockchain-based apps, and fantasy chatbots. However, it’s important to note that illegal sports betting and online gambling are not part of this market. The market includes freemium models, in-app purchases, advertising, and premium subscriptions. The sports tech sector is driving innovation with software engineers, data scientists, and cyber security professionals. The market’s growth is fueled by increasing sports viewership, sponsorships, and internet penetration. The mobile application sector, including sensor tower, plays a significant role in the market’s success. Virtual reality (VR) and augmented reality (AR) are also emerging trends.The fantasy sports market experiences continuous evolution, with companies like FanDuel and DraftKings emerging as major players, generating substantial revenues. However, their business practices faced scrutiny in 2015 due to allegations of illegal gambling. This incident led regulators and lawmakers to intervene, ensuring consumer protection and fair distribution of profits. It is essential to acknowledge potential health risks associated with fantasy sports, such as gaming addiction causing physical inactivity and related health issues, including carpal tunnel syndrome, headaches, migraines, sleep disturbances, and chronic back pain.

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Segment Overview 

This fantasy sports market report extensively covers market segmentation by

Product 1.1 Fantasy soccer1.2 Fantasy baseball1.3 Fantasy basketball1.4 Fantasy football1.5 OthersPlatform 2.1 Mobile application2.2 WebsiteGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Fantasy soccer- Fantasy soccer is a popular game where participants build teams of real-life soccer players and earn points based on their actual on-field statistics. This game involves selecting eleven players for four positions. Soccer’s global appeal fuels the fantasy soccer market’s growth. Notable leagues include Draft Fantasy Football, McDonald’s FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. Players can make transfers before the season, with a cap on the number during the season. Some websites offer unlimited transfers but deduct points. Player performance determines transfer fees. The increasing viewership on various media platforms, such as the internet and mobile, is expected to boost the segment’s expansion in the global fantasy sports market during the forecast period.

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The Fantasy Sports Market is experiencing exponential growth, fueled by the increasing popularity of sports leagues and tournaments across the globe. NFL, Premier League, IPL, and various other leagues have a massive fan base, driving the demand for fantasy sports platforms. High-speed internet and smartphones have made online gaming more accessible than ever before. The market size is projected to expand significantly due to the rise of the Online gaming business. Secure payment methods and the integration of blockchain-based apps ensure a safe and transparent user experience. Fantasy chatbots offer personalized recommendations and real-time updates, enhancing fan engagement. However, the market faces challenges from illegal sports betting and the need for regulatory frameworks. Sports Tech is revolutionizing the industry, with software engineers and data scientists at the forefront of innovation. Baseball, Cricket, Football (rugby), Volleyball, and other sports continue to captivate audiences worldwide, fueling the growth of the Fantasy Sports Market. Internet penetration is a key factor, with more regions embracing digital platforms for sports consumption.

Market Research Overview

Fantasy sports market is experiencing exponential growth, fueled by the popularity of sports leagues and tournaments across the NFL, Premier League, IPL, and more. Fan engagement reaches new heights with fantasy sports platforms, enabling high-speed internet users to enjoy online gaming experiences, including eSports, football, baseball, basketball, hockey, cricket, and more. Gameplay is enhanced through user interfaces, social interaction, and daily fantasy contests, as well as virtual trading and NFT-based games like Reignmakers and Fantasy Football. The mobile application sector is a significant driver, with platforms offering mobile applications and virtual reality (VR) and augmented reality (AR) experiences. Online gambling and sports betting are also integral parts of the fantasy sports ecosystem. However, it’s essential to maintain secure payment methods and adhere to regulations against illegal sports betting. Software engineers, data scientists, and cybersecurity professionals are crucial in developing these innovative platforms, ensuring seamless user experiences and protecting against potential threats. The online gaming business continues to evolve, with freemium models, in-app purchases, advertising, and premium subscriptions driving revenue. Emerging sports like badminton, football (rugby), volleyball, and others are also gaining traction in the fantasy sports world. Internet penetration and the rise of Sports Tech have played a significant role in the market’s growth. As more users access these platforms, the importance of sensor tower data and advertising opportunities increases. The future of fantasy sports lies in the integration of blockchain-based apps, fantasy chatbots, and the potential of in-app advertisements, pay-per-download, and subscription services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFantasy SoccerFantasy BaseballFantasy BasketballFantasy FootballOthersPlatformMobile ApplicationWebsiteGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio