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Superior Plus Corp (SPB.TO)

SPB.TO on Toronto Stock Exchange

12.59CAD
22 Jun 2018
Change (% chg)

$-0.05 (-0.40%)
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$12.64
Open
$12.69
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$12.69
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$12.58
Volume
660,160
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328,726
52-wk High
$13.51
52-wk Low
$10.80

Latest Key Developments (Source: Significant Developments)

NGL Energy Announces Sale Of Remaining Retail Propane Business For $900 Mln
Wednesday, 30 May 2018 

May 30 (Reuters) - NGL Energy Partners LP ::NGL ENERGY PARTNERS LP ANNOUNCES SALE OF REMAINING RETAIL PROPANE BUSINESS FOR $900 MILLION.NGL ENERGY PARTNERS LP - PLANS TO IMMEDIATELY REPAY CERTAIN INDEBTEDNESS OF ABOUT $800 MILLION INCLUDING CAPEX INCURRED THOUGH Q1 OF FISCAL 2019.NGL ENERGY PARTNERS - DEAL AND ASSOCIATED APPLICATION OF NET PROCEEDS IS EXPECTED TO BE NEUTRAL TO SLIGHTLY DILUTIVE IN NEAR-TERM CASH FLOW PER UNIT.  Full Article

Superior Plus Announces Redemption Of 6.50 Pct Senior Unsecured Notes Due Dec 9, 2021
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Superior Plus Corp ::SUPERIOR PLUS ANNOUNCES REDEMPTION OF 6.50% SENIOR UNSECURED NOTES DUE DECEMBER 9, 2021.SUPERIOR PLUS CORP - WILL REDEEM ALL OF ITS OUTSTANDING C$200 MILLION OF 6.50% SENIOR UNSECURED NOTES DUE DECEMBER 9, 2021.SUPERIOR PLUS - 6.50% NOTES TO BE REDEEMED ON MARCH 8, 2018 AT REDEMPTION PRICE OF C$1,048.75 PER C$1,000 PRINCIPAL AMOUNT OF 6.50% NOTES.  Full Article

Superior Plus Corp reports qtrly ‍net loss per share of $0.87​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Superior Plus Corp ::Superior Plus Corp. announces 2017 third quarter results, confirms 2017 financial outlook and introduces 2018 financial outlook.Superior Plus Corp qtrly ‍revenue $465.5 million vs $429.0​ million.‍Introducing 2018 financial outlook of AOCF per share of $1.65 to $1.95​.Qtrly ‍net loss per share $0.87​.‍Also introducing 2018 adjusted EBITDA guidance of $295 million to $335 million​.  Full Article

SUPERIOR PLUS ANNOUNCES ACQUISITION OF INTERNATIONAL DIOXCIDE
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Superior Plus Corp ::SUPERIOR PLUS ANNOUNCES ACQUISITION OF INTERNATIONAL DIOXCIDE, INC. EXPANDING ITS SPECIALTY CHEMICALS BUSINESS.‍PURCHASE PRICE OF DEAL WILL BE FUNDED BY DRAWING ON SUPERIOR'S EXISTING CREDIT FACILITY​.‍ENTERED INTO AN AGREEMENT TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF INTERNATIONAL DIOXCIDE FROM LANXESS CORPORATION​.  Full Article

Superior Plus announces 5.25% Senior Unsecured Note financing
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Superior Plus Corp :Superior Plus announces 5.25% Senior Unsecured Note Financing and redemption of 6.00% convertible unsecured debentures due june 30, 2019.Superior Plus Corp - ‍additional notes will form a single series with previously issued notes​.Superior Plus Corp - ‍agreed to issue and sell an additional cdn $150 million principal amount of its 5.25% senior unsecured notes due February 27, 2024.Superior Plus Corp - ‍unit to issue notes under indenture pursuant to which Superior LP previously issued CDN $250 million of notes on February 27, 2017​.  Full Article

Superior Plus announces redemption of 6.00 pct convertible unsecured debentures
Thursday, 11 Aug 2016 

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
Wednesday, 10 Aug 2016 

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
Wednesday, 10 Aug 2016 

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 

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

Deals of the day-Mergers and acquisitions

May 31 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit Cruise, the companies said, a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up more than 10 percent. ** Orange, France's biggest telecoms operator, is looking to merge its Orange Cinema Series (OCS) arm with Altice Studio t