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United States

Superior Plus Corp (SPB.TO)

SPB.TO on Toronto Stock Exchange

12.81CAD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Superior Plus Corp reports qtrly revenue $583.1 million
Thursday, 16 Feb 2017 07:37pm EST 

Superior Plus Corp : Superior Plus Corp announces 2016 annual and fourth quarter results . Superior Plus Corp - 2017 financial outlook of AOCF per share has been confirmed at $1.45 to $1.75 . Superior Plus Corp says Q4 adjusted operating cash flow per share $0.48 . Qtrly revenue $583.1 million versus $546 million .Superior Plus Corp says Q4 net loss from continuing operations per share $0.19.  Full Article

Superior Plus Corp reports qtrly revenue $583.1 million
Thursday, 16 Feb 2017 06:19pm EST 

Superior Plus Corp : Superior Plus Corp announces 2016 annual and fourth quarter results . Superior Plus Corp - 2017 financial outlook of AOCF per share has been confirmed at $1.45 to $1.75 . Superior Plus Corp says Q4 adjusted operating cash flow per share $0.48 . Qtrly revenue $583.1 million versus $546 million .Superior Plus Corp says Q4 net loss from continuing operations per share $0.19.  Full Article

Superior Plus to acquire Gibson Energy's industrial propane business
Monday, 13 Feb 2017 07:57am EST 

Superior Plus Corp : Superior Plus Corp to acquire Gibson Energy's industrial propane business, enhancing and expanding the energy distribution platform . Superior Plus Corp - deal for $412 million . Superior Plus Corp - deal expected to provide annual synergies of at least $20 million . Superior Plus Corp - deal to provide double digit accretion to AOCF per share including expected synergies . Superior Plus - co has ability to finance 100 pct of purchase price with available room on its credit facility and additional commitments received . Superior Plus Corp - annual run rate synergies are expected to be fully realized within 24 to 36 months from closing of transaction . Superior Plus Corp - superior may consider additional long-term debt financing alternatives to reduce draw on its credit facilities . Superior Plus - depending on market conditions, co may consider additional long-term debt financing alternatives to reduce draw on credit facilities .Superior Plus Corp - on a pro forma basis, transaction would result in an approximate 20 pct increase in EBITDA of Superior's Energy distribution business.  Full Article

Superior Plus announces redemption of 6.00 pct convertible unsecured debentures
Thursday, 11 Aug 2016 05:36pm EDT 

Superior Plus Corp : Superior plus announces redemption of 6.00% convertible unsecured debentures due june 30, 2018 . Will redeem entire $149.9 million outstanding principal amount of its 6.00% convertible unsecured subordinated debentures due june 30, 2018 .Superior plus corp says intends to use funds from its existing credit facility to fund redemption of 6.00% debentures.  Full Article

Superior Plus Q2 loss per share from continuing operations $0.05
Tuesday, 9 Aug 2016 08:02pm EDT 

Superior Plus Corp : Qtrly loss per share from continuing operations $0.05 . FY outlook of aocf per share has been updated to $1.40 to $1.60 . Qtrly revenue $703.6 million versus $715 million .Updated 2016 financial outlook is due to sale of cpd and reduced outlook for specialty chemicals business for q3 and q4 2016.  Full Article

Superior Plus Q2 loss per share from continuing operations $0.05
Tuesday, 9 Aug 2016 07:18pm EDT 

Superior Plus Corp : Qtrly loss per share from continuing operations $0.05 . FY outlook of aocf per share has been updated to $1.40 to $1.60 . Qtrly revenue $703.6 million versus $715 million .Updated 2016 financial outlook is due to sale of cpd and reduced outlook for specialty chemicals business for q3 and q4 2016.  Full Article

Superior Plus to sell construction products distribution business for $325 mln
Tuesday, 5 Jul 2016 07:05am EDT 

Superior Plus Corp : To sell construction products distribution business to Foundation Building Materials, LLC . Transaction will also initially result in a reduction of superior's adjusted operating cash flow from date sale is completed . Proposed reduction of indebtedness under credit facility is expected to lower co's leverage ratio to range of about 2.0 - 2.5x EBITDA . Superior plus to sell construction products distribution business for us $325 million .Proceeds from sale of CPD segment will initially be used to repay indebtedness under superior's credit facility.  Full Article

Canexus Corp says Superior Plus terminated arrangement agreement
Thursday, 30 Jun 2016 07:18am EDT 

Canexus Corp : Deal termination fee of $25 million is payable by superior to Canexus, which Canexus will use for further debt reduction .Superior plus terminates arrangement agreement.  Full Article

Superior Plus terminates arrangement agreement with Canexus
Thursday, 30 Jun 2016 07:18am EDT 

Superior Plus Corp : Superior plus announces the termination of the arrangement agreement with canexus . Says parties have failed to reach agreement on terms that would allow transaction to proceed . Among other things, superior had sought to get canexus to remedy breach of certain provisions of agreement .Had requested canexus extend outside date of june 29, 2016 to provide sufficient time to respond to legal proceedings commenced by ftc.  Full Article

Canadian competition bureau approves proposed Canexus acquisition
Tuesday, 28 Jun 2016 07:30am EDT 

Canexus Corp : Canexus announces Canadian competition bureau approval . Says Canadian competition bureau approved proposed acquisition of Canexus by Superior Plus Corp . Says Canexus and Superior are engaged in discussions to potentially extend outside date of arrangement agreement of June 29, 2016 .Says extension to allow time for superior to litigate FTC action.  Full Article

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BRIEF-Superior Plus announces senior unsecured note financing

* Agreed to issue and sell cdn $250 million principal amount of 5.25% senior unsecured notes