Technology

Metro Inc. Prices Aggregate C$500 Million Senior Unsecured Notes Offering

Published

5 hours ago

November 25, 2024

/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.

Technology

The total mileage of UAV transmission line inspection of State Grid Turfan Power Supply Company exceeded 50,000 kilometers

Published

19 minutes ago

November 26, 2024

TURFAN, China, Nov. 26, 2024 /PRNewswire/ — On November 22, the transmission and operation inspection center of State Grid Turfan Power Supply Company successfully completed the line inspection task of the 110 thousand volt Jiaolang line, marking the company’s 389th unmanned aerial vehicle inspection task in the year. Since 2016, the State Grid Turfan Power Supply Company has actively applied and promoted UAV inspection technology, and has achieved full coverage of UAV transmission line inspection in complex terrain such as mountains, deserts, and Gobi.

The complex and diverse terrain of Turfan, including high mountains, deserts and Gobi, has brought arduous challenges to the inspection of transmission lines. However, through the application of drone technology, the State Grid Turfan Power Supply Company has not only overcome these difficulties, but also achieved remarkable results in the operation and inspection of transmission lines. At the same time, with the intelligent upgrading and digital transformation of power grid equipment and management, UAV technology is widely used in maintenance and hanging, live monitoring, power grid construction and other fields, and the intelligent level of transmission line operation and inspection has been continuously improved. Up to now, the company’s drone inspection has covered 215 transmission lines of 35 thousand volts and above, with a total mileage of more than 50,000 kilometers, which is equivalent to the length of a week around the Earth’s equator.

In the next step, the State Grid Turfan Power Supply Company will continue to expand the application scenarios of UAVs, actively introduce new technologies and equipment, and accelerate the transformation of intelligent operation and inspection mode. The company plans to continuously improve the level of equipment operation and inspection, consolidate the foundation of equipment safety, and ensure the safe and stable operation of the power grid by further optimizing the drone inspection process and improving the data analysis and processing capabilities.

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SOURCE State Grid Turfan Power Supply Company

Technology

MiniTool’s Biggest Discount of the Year During Black Friday and Cyber Monday

Published

19 minutes ago

November 26, 2024

VANCOUVER, BC, Nov. 25, 2024 /PRNewswire/ — MiniTool, a committed software development firm, offers MiniTool Partition Wizard, MiniTool Power Data Recovery, MiniTool ShadowMaker, MiniTool MovieMaker, MiniTool Video Converter, and other products in the 2024 Black Friday and Cyber Monday promotions. From November 25 to December 6, 2024, customers can visit the MiniTool promotion page to purchase products and enjoy big discounts.

Promotions and Activities

Entrance 1: Discounts for MiniTool Partition Wizard, MiniTool Power Data Recovery, and MiniTool ShadowMaker (UP TO 65% OFF)Entrance 2: Discounts for MiniTool MovieMaker and MiniTool Video Converter (UP TO 70% OFF)

MiniTool’s promotion is divided into three forms: lucky draw, combination promotion, and single item promotion.

Lucky Draw: Try your luck to get a discount or coupon for your desired single product. Each user has 5 chances per day during Black Friday sales.Combination Promotion: Or you can directly pick up your favorite bundles with a bigger discount!Single Item Promotion: Enjoy exclusive discounts on individual products!

Best Seller: MiniTool Partition Wizard Pro Ultimate + MiniTool ShadowMaker Pro Ultimate
MiniTool Partition Wizard is a top disk manager with comprehensive partition management features that can meet the basic disk and partition management needs of home and business users. It is available in Pro, Pro Platinum, and Pro Ultimate versions. Of these, the Pro Ultimate version is the best choice.

MiniTool ShadowMaker is a professional backup software based on the Windows system. It can safely back up files, folders, systems, disks, and partitions to internal or external hard drives.

MiniTool Partition Wizard Pro Ultimate and MiniTool ShadowMaker Pro Ultimate are originally priced at $199 and $158, respectively. During MiniTool’s Black Friday promotion, customers can buy these two products for ONLY $160.65 (55% OFF).

Double Protection of Data: MiniTool Power Data Recovery Personal Ultimate + MiniTool ShadowMaker Pro Ultimate
MiniTool Power Data Recovery is the best data recovery software for Windows users. It can successfully recover accidentally deleted files as well as files lost due to system crashes or virus attacks. Windows users can use MiniTool Power Data Recovery to recover data from internal storage, as well as external drives (such as HDD, SSD, USB, SD card, etc.).

MiniTool ShadowMaker can set up backup items regularly to properly protect your data and computer. It is the best choice for Windows users to back up files, hard drives, systems, etc.

MiniTool Power Data Recovery Personal Ultimate and MiniTool ShadowMaker Pro Ultimate charge $129 and $158 respectively. Now with a discount of 60% OFF, you ONLY NEED to PAY $114.80 for them.

65% OFF: MiniTool Partition Wizard Pro Platinum + MiniTool Power Data Recovery Personal Annual Subscription + MiniTool ShadowMaker Pro Annual Subscription
MiniTool Partition Wizard Pro Platinum offers all the features of the software, plus one year of free upgrades. It can be used on three devices after purchase. MiniTool Power Data Recovery Personal Annual Subscription offers all the functions of MiniTool data recovery software and a one-year free upgrade. MiniTool ShadowMaker Pro Annual Subscription allows use on two devices, plus one year of free updates.

The original prices of these three products are $129, $89, and $120 respectively. During the Black Friday promotion, you can get them all with ONLY $118.30 (65% OFF).

70% OFF: MiniTool MovieMaker Annual Subscription + MiniTool Video Converter 12-Month Subscription
MiniTool MovieMaker is the best choice for creating and editing videos. It supports adding transitions, special effects, and text to a video. Even beginners can make stunning videos with templates in MiniTool MovieMaker.

MiniTool Video Converter can convert audio and video into more than 1,000 formats. Its batch conversion function makes conversion more efficient. In addition, MiniTool Video Converter allows the recording of partial or full-screen activities without background noise.

The regular price of MiniTool MovieMaker Annual Subscription is $59.99, and the regular price of MiniTool Video Converter 12-Month Subscription is $119.99. During Black Friday, enjoy both of them for a whole year for ONLY $53.99, SAVING 70%!

For more product details, please visit the two promotion pages mentioned above.

About MiniTool® Software Ltd.
MiniTool® Software Ltd. is a software development company based in Canada. It is committed to providing customers with the most useful applications, such as MiniTool Power Data Recovery, MiniTool Partition Wizard, MiniTool ShadowMaker, MiniTool System Booster, MiniTool MovieMaker, and MiniTool Video Converter.

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SOURCE MiniTool Software Limited

Technology

Al Marwan Real Estate to Boost Residential Experience with Yardi

Published

19 minutes ago

November 26, 2024

Sharjah-based property management and development company to reshape residential communities and unify real estate processes with intuitive cloud technology

DUBAI, UAE, Nov. 25, 2024 /PRNewswire/ — Al Marwan Real Estate, the development and operations arm of Al Marwan Group, is set to centralise management operations and elevate residents’ experience with Yardi®. With one of the largest residential portfolios of corporate real estate and investment assets, Al Marwan is responsible for the development, procurement, leasing and operations of residential projects across the emirate of Sharjah.

The Yardi Residential Suite, including RentCafe, will allow Al Marwan to effectively manage and unify its property operations – from unit marketing and resident onboarding to accounting, billing and reporting. Yardi’s resident portal and app will further help residents to self-serve, manage details, log maintenance requests and view invoices. It will also aid in centralising communication with management teams, ensuring tenant requests and concerns are resolved efficiently.

“We are excited to embrace Yardi’s intuitive property management solution, elevate our operational efficiencies, and deliver unmatched services to our clients,” shared Majd Al Zaiem, Director of Al Marwan Real Estate. “With Yardi as our single real estate management platform, we can streamline tenant leases online and process them with record efficiency, enhance sustainability efforts by eliminating paper transactions and strengthen communication channels across our business.”

“The Yardi platform equips Al Marwan with a seamless solution, empowering the company to optimise its business strategy while effortlessly planning for future growth,” said Said Haider, senior director for Yardi. “We are excited to work with Al Marwan Real Estate in the UAE and look forward to helping them further digitise their operations across the region.”

See how Yardi can improve your resident’s experience with an end-to-end cloud solution.

About Al Marwan Group

Since its inception in 1978, Al Marwan Group has been offering unparalleled services to the construction, heavy equipment, investment, hospitality and real estate sectors. As a key player in the construction, machinery and real estate industries with an expertise spanning 5 decades. For more information, visit almarwangroup.com.

About Yardi

Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With over 9,500 employees, Yardi is working with clients globally to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.ae.

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Logo – https://mma.prnewswire.com/media/2447766/5046796/Yardi_Logo.jpg

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