Spectrum Brands Holdings, Inc. (NYSE:SPB) announced its intention to refinance its existing $680 million Senior Secured Term Loan, maturing in June 2016, with a new term loan facility. Spectrum Brands anticipates the process will be completed by the end of January. After completion of the proposed refinancing, the Company expects to have a new term loan facility at a lower interest rate.
Spectrum Brands Holdings, Inc. together with its subsidiaries operates as a consumer products company worldwide. Spectrum Brands Holdings was founded in 1906 and is based in Madison, Wisconsin. As of January 7, 2011, Spectrum Brands Holdings, Inc. operates as a subsidiary of Harbinger Group Inc.
GreenHouse Holdings, Inc. a leading provider of energy efficiency solutions and sustainable infrastructure products, this month announced that it has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers include Apogee Containers, Inc. and MGE UPS, LLC.
About Automated Demand Response
The Auto-DR program offers significant financial incentives and technical support to Southern California Edison (SCE) customers willing to install equipment that enables participation in demand response events versus depending on their employees to perform all the curtailment activities manually when required. Normally, control systems (automation) are installed with the programming needed to achieve reductions in electricity consumption during peak periods of demand on the grid. "Participants in SCE's Auto-DR program are in 100% control of the actual curtailment measures implemented on an event-to-event basis. By utilizing an Auto-DR system, participants will have real-time usage information and the technical means to reduce electric consumption during costly peak energy periods when the demand is highest. On-going financial benefits can be realized from program enrollment and DR event participation (benefits vary from program to program). Additionally, the systems commonly implemented for Auto-DR participation are fully capable of being used to improve productivity and equipment operating efficiencies as well as provide users with information that can augment routine and emergency operations and maintenance regimens," adds Robert Davis, Vice President of Energy Services at GRHU.
To learn more about GRHU visit: http://www.greenhouseintl.com
Terex Corp. (NYSE:TEX) announced that it has completed the previously announced redemption of the $297.6 million principal amount outstanding of its 7-3/8% Senior Subordinated Notes due 2014. The total cash paid was $312.3 million, and included a call premium of 1.229% as set forth in the indenture for these notes plus accrued and unpaid interest of $36.875 per $1,000 principal amount at the redemption date.
Terex Corporation is a diversified global manufacturer operating in four business segments: Aerial Work Platforms, Construction, Cranes, and Materials Processing.
Power3 Medical Products, Inc. (OTC:PWRM)
Rozetta-Cell is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. The company has a robust intellectual property portfolio and has created numerous products for adult stem cell therapy that are ready for market globally. Rozetta-Cell also has several collaborations in process through which it is partnering with industry-leading adult stem cell research companies and adult stem cell vendors.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). PWRM applies proprietary methodologies to discover and identify protein biomarkers associated with diseases.
To learn more about PWRM visit: http://www.Power3Medical.com
Plains Exploration & Production Company (NYSE:PXP) announced the dates and times of upcoming investor events at which members of management will address the investment community. PXP is scheduled to present at the 2011 Credit Suisse Energy Summit on Tuesday, February 8, 2011 at 10:35 a.m. Mountain time. A live webcast and a copy of the presentation will be available in the Investor Information section of PXP's website at www.pxp.com. PXP is scheduled to release 2010 fourth quarter and year end results on Thursday, February 24, 2011 before the market opens and will host its quarterly conference call that same day, Thursday, February 24, 2011, at 8:00 a.m. Central time.
PXP is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas in California, Texas, Louisiana and the Gulf of Mexico. PXP is headquartered in Houston, Texas.
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