Biopack Environmental Solutions Inc. (OTCBB:BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce that it has signed an agreement with an expert international coatings and emulsions company (the “Company”) to further expand its research and development initiatives and diversify its product applications.
Based in the U.S.A and with offices around the globe, the Company specializes in paper and film barrier functionality and helping companies to develop and innovate with new types of applications. They will specifically work with Biopack Environmental Solutions on applications for ready-made meals and baked goods.
Biopack Environmental Solutions manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack Environmental Solutions has earned the “premium brand” label in the biodegradable packaging market in Europe. Distributed under the “Roots Biopack” trademark, Biopack Environmental Solutions' unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa.
BlackRock Kelso Capital Corporation (NasdaqGS: BKCC) declared that BlackRock Kelso Capital has priced its public offering of 6 million shares of its common stock at an offering price of $11.95 per share, raising $71.7 million of gross proceeds. BlackRock Kelso Capital has granted the underwriters an option to purchase up to an additional 900 thousand shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on October 22, 2010. BlackRock Kelso Capital expects to use the net proceeds of this offering to make investments in portfolio companies, repay indebtedness owed under its credit facility, and for general corporate purposes.
BlackRock Kelso Capital Corporation is a business development company formed in early 2005 by its management team, BlackRock, Inc. and principals of Kelso & Company, to provide debt and equity capital to middle-market companies.
Cubist Pharmaceuticals Inc. (NasdaqGS: CBST) announced on October 19, 2010 the successful pricing of $400 million aggregate principal amount of its 2.50% Convertible Senior Notes due 2017. Cubist has granted the underwriters an option to purchase up to an additional $50 million aggregate principal amount of the notes. The notes will mature on November 1, 2017, and will bear interest at a rate of 2.50% per year, payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2011. The notes will be convertible, under certain circumstances, into cash, shares of Cubist’s common stock, or a combination, at Cubist’s election, at an initial conversion rate of 34.2759 shares of Cubist’s common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $29.18 per share of Cubist’s common stock.
Cubist Pharmaceuticals, Inc. is a biopharmaceutical company focused on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. In the U.S., Cubist markets CUBICIN® (daptomycin for injection), the first antibiotic in a class of anti-infectives called lipopeptides.
JetBlue Airways Corporation (NasdaqGS: JBLU) announces its most recent routes, Newark to Boston, and San Juan to Tampa and Jacksonville are available for booking starting today with an introductory sale with fares as low as $39 (a), $79 (b), and $89 (c) respectively. Four daily flights from Boston to Newark, and a double daily flight from Tampa to San Juan, begin on May 4 (second frequency from Tampa to San Juan begins June 16) while Jacksonville's daily nonstop service to San Juan begins on May 19. Flights are now available online at jetblue.com.
Voted "Most Eco-Friendly Airline" by Zagat's Airline Survey in 2008 and 2009, New York-based JetBlue Airways has created a new airline category based on value, service and style. In 2010, the carrier also ranked "Highest in Customer Satisfaction Among Low-Cost Carriers in North America" by J.D. Power and Associates, a customer satisfaction recognition received for the sixth year in a row.
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