Laredo Petroleum is offering senior notes valued at $ 400 million
TULSA – Laredo Petroleum Inc. announced the pricing of $ 400 million total face value of 7.750% senior unsecured notes maturing in 2029 at face value in a private offering to eligible buyers.
The Company intends to use the net proceeds of the Offering for general corporate purposes, including repaying the loans outstanding under the Company’s senior secured credit facility. The offer should be closed on Friday, subject to the customary closing conditions.
DZS FiberLAN Infrastructure selected for Asia’s first “Luxury Tech Hub Hotel”
PLANO, Texas – DZS announced that the new six-star Dolce by Wyndham Hanoi Golden Lake hotel in Hanoi, Vietnam has selected DZS ‘FiberLAN solution to provide its guests with a world-class hyper-connected experience.
Recognized as the first “luxury tech hub hotel” in Asia, the hotel will have broadband, extensive Wi-Fi coverage, and video and voice services throughout the building.
Since the opening of the 420-room hotel last year, 100% of the guests surveyed stated that they were satisfied with the performance of the Internet service.
The hotel also reported 38% savings in operating costs over a copper-based network. All of the hotel’s video, voice and data services are cloud-based and run via the DZS FiberLAN, which minimizes complexity and downtime.
Axele TMS outperforms 5K users, 40K loads
DALLAS – Axele LLC announced that it closed the first half of the year with over 5,200 registered users and 40,000 loads processed and an impressive 10-fold increase in monthly recurring revenue since January.
In the first 90 days of commercialization last fall, Axele had added 1,000 users and 10,000 loads, and now, eight months later, accelerated adoption by trucking companies looking to automate transportation processes to improve workflow is reflected in operations to streamline and generate more profitable loads.
Axele is expanding the TMS with additional connections to load boards, ELDs, cards, factoring solutions and billing systems.
Penn Virginia Announces Agreement to Acquire Lonestar Resources
HOUSTON – Penn Virginia Corp. and Lonestar Resources US Inc. announced that they have entered into a definitive merger agreement under which Penn Virginia will acquire Lonestar in a stock transaction.
Lonestar shareholders will receive 0.51 common shares of Penn Virginia for each outstanding common share of Lonestar. The transaction, which is expected to close in the second half of this year, was unanimously approved by the boards of both companies.
The closing of the transaction is subject to customary closing conditions, including the approval of Penn Virginia and Lonestar shareholders.
Shareholders who hold approximately 80% of the voting rights of Lonestar and approximately 60% of the voting rights of Penn Virginia have signed binding support agreements requiring them to vote their shares for the transaction.
Contango Announces Signing of Asset Acquisition Agreement
FORT WORTH, Texas – Contango Oil & Gas Co. announced that it has entered into an agreement to acquire low-decline conventional gas facilities in Wyoming’s Wind River Basin from ConocoPhillips.
The purchase and sale agreement provides that Contango will acquire approximately cfe 446 billion (1) of the PDP reserves (unaudited) for a total purchase price of $ 67 million in cash, subject to customary purchase price adjustments.
The transaction is expected to close in the third quarter, subject to certain closing conditions being met.
The company intends to fund the purchase price from cash and available funds under its existing revolving credit facility.
Buchanan Technologies joins Fortinet’s partner program
GRAPEVINE, Texas – Buchanan Technologies announced it has joined Fortinet’s Engage partner program.
Fortinet’s Engage partner program gives partners the flexibility to develop solutions that target customer growth markets and provide consumption models that drive successful business outcomes.
The Fortinet Security Fabric platform enables Buchanan Technologies to create value as customers leverage digital innovations for business agility, performance and simplicity. The cybersecurity platform offers comprehensive protection for the entire digital infrastructure and provides transparency for every network segment, device and appliance.
The Fortinet Engage Partner Program maximizes technology opportunities for partners by providing a flexible platform for partners to build their business and a security practice for customer success.
TestEquity now authorized distributor of the Megger Group
SOUTHLAKE, Texas – TestEquity announced that it is an authorized Megger distributor. TestEquity now offers Megger insulation testers, ground testers, cable altimeters, low-resistance ohmmeters and multi-function lathe testers.
Megger has been developing electrical test equipment for over a century that has proven itself with customers for years.
A wide range of Megger testers are available through TestEquity’s website as well as through their network of sales and service representatives.
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