Mes: febrero 2021

National Alliance Releases 12th Annual Ranking of State Charter School Laws; Little Change, Despite Sharp Spike in Charter School Enrollment

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — Today, the National Alliance for Public Charter Schools released its annual ranking of state charter school laws,

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — Today, the National Alliance for Public Charter Schools released its annual ranking of state charter school laws, Measuring Up to the Model: A Ranking of State Public Charter School Laws, Twelfth Edition. This report analyzes how well each state’s charter school law compares to our «model law.» States are ranked by their composite score, which is based on 21 critical benchmarks like accountability, authorization, flexibility, performance-based contracts, and funding equity.

While there was relatively little movement in the order of state rankings this year, the team at the National Alliance noticed an interesting trend related to the pandemic. Over the past year, the nation saw a sharp increase in charter school enrollment marked by heightened parent demand for different educational options for their children. Charter school sectors in certain states were particularly well positioned to meet the increased demand.

In the states where we saw the greatest year-over-year charter school enrollment growth – New York, South Carolina, North Carolina, and Idaho – three key model law components were in place: a variety of charter school models, non-district authorizers, and autonomous governing boards. Charter schools in these states were especially able to flex and be nimble, meeting the increased demand. Conversely, Pennsylvania was the only state in the bottom 11 of our model law ranking that showed significant growth during 2020. Much of that growth was specifically in full-time virtual charter schools in the state.

«In the months ahead, the National Alliance will be watching to see whether states and the federal government will enact changes that impact critical measures of a strong charter school law, such as the ability to have or maintain non-district authorizers,» said Todd Ziebarth, senior vice president of state advocacy, National Alliance for Public Charter Schools. «This year’s state charter school laws rankings report shows that only having district authorizers clearly suppresses the growth of charter schools, making it more difficult to meet increased parent demand at a time when they need it most.»  

Many families who never considered any school other than the district school their children were zoned to attend were open to other options when instruction was essentially halted for kids across the country. The spike in charter school enrollment last year continues into 2021 and may indicate a long-term shift in enrollment patterns.

For the sixth year in a row, Indiana has the nation’s strongest charter school law, ranking No. 1 out of 45. Indiana’s law does not cap charter school growth, includes multiple authorizers, and provides a fair amount of autonomy and accountability. Although the coronavirus pandemic has made the work more challenging than ever, Indiana has made notable strides in recent years to provide more equitable funding to charter schools and their students. There is still work to do, but we applaud their strong law.

Other notable takeaways from this year include:

  • The Top 10 charter school laws in the nation include a mixture of states with more mature charter sectors including Indiana (No. 1), Colorado (No. 2), Minnesota (No. 4), Florida (No. 7), Louisiana (No. 8), and the District of Columbia (No. 10); and states with newer sectors like Washington (No. 3), Alabama (No. 5), Mississippi (No. 6), and Maine (No. 9).
  • Many states with mature sectors continue to strengthen their laws based on what’s working or not. Also, states with newer laws rely heavily on lessons learned so they don’t repeat mistakes of the states that came before them.
  • Maryland has the nation’s weakest law. While its law does not include a cap on charter schools, it only allows district authorizers, which effectively accomplishes the same goal. Maryland’s charter school law also provides little autonomy, insufficient accountability, and inequitable funding to charter schools.

Click here to read the full report: Measuring Up to the Model: A Ranking of State Public Charter School Laws, Twelfth Edition.

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SOURCE National Alliance for Public Charter Schools

Baxter Spearheads Passive House Movement In Upstate New York

POUGHKEEPSIE, N.Y., Feb. 18, 2021 /PRNewswire/ — Hudson Valley based contractor, Baxter is continuing to expand its foothold in the sustainable building movement by using passive house principles that mitigate net carbon emissions while using recycled materials and energy to increase efficiency. The demands of…

POUGHKEEPSIE, N.Y., Feb. 18, 2021 /PRNewswire/ — Hudson Valley based contractor, Baxter is continuing to expand its foothold in the sustainable building movement by using passive house principles that mitigate net carbon emissions while using recycled materials and energy to increase efficiency. The demands of environmentally-conscientious consumers have been embraced by Baxter who has successfully completed two sustainable projects in Upstate New York with another slated for April.

Amanda Baxter, President of Baxter, commented, «It’s important to raise awareness on the value of passive house construction. If we continue to develop using passive house principles, the long-term effects range from reducing CO2 emissions to creating new jobs and ultimately stimulating the economy.»

«The team at Baxter is taking an innovative approach and leading the way to make sustainable construction a priority that will directly benefit residents for generations to come. As New York looks for ways to become a leader in the green economy, it is projects like this that will serve as unique models for others to follow, and we are excited to see the projects progress,» stated Senator Sue Serino. 

In early January, Baxter completed a 4,600 square foot Passive House designed private residence in Catskill, NY. The 4-bed, 3-bath retreat home featuring Bensonwood SIP-panels and a Tesla Powerwall system has been recognized as highly energy efficient.

Baxter has also completed the first Passive House Certified (PHIUS) cidery in the world, Seminary Hill Orchard and Cidery in Callicoon, NY. Some of the PHIUS components include an air-tight envelope with high-performance windows and doors to capture and store solar energy. The building also features a mechanical ventilation system with heat recovery and filtered fresh-air by Zehnder

«The Baxter team is very knowledgeable and professional in their approach. Baxter placed the same emphasis on meeting the Certification requirements as they did on all aspects of the project,» said Anthony V. Lisanti, CEM, CPH. 

Celebrity Interior Designer, Cathy Hobbs chooses Baxter as contractor for her Design Recipes headquarters in Highland, NY with the intent of achieving Net-Zero designation. This project is seeking to be North America’s first Passive House Institute [PHI] Certified multi-use warehouse building, making this the second «first of its kind» for Baxter in one year.

Cathy Hobbs, said, «In seeking the ideal partner and contractor for the crown jewel of my company, Baxter stood out from the start. I was impressed with not only their project portfolio, Passive House construction knowledge, and craftsmanship, but also integrity and family dynamic.»

Since 1983, Baxter has been proud to serve the Hudson Valley as a premier construction firm. With their expertise in real estate development, construction and property management, Baxter’s hard-earned reputation has enabled them to build some of the Hudson Valley’s most prestigious projects. With over 100 years of combined experience and rounding $780M in completed projects, Baxter’s seasoned team brings superior expertise to each one of their projects. 

For more information visit baxterbuilt.com, follow us on Facebook and Instagram @baxter_built

CONTACT: Kimberly Kane, pr@baxterbuilt.com, 845-471-1047

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SOURCE Baxter

Aristocrat Gaming’s™ New MarsX™ Portrait Cabinet is the Picture of Innovation

LAS VEGAS, Feb. 18, 2021 /PRNewswire/ — Advanced technology for players, operators, and slot techs combines with a new compelling game library to create an out-of-this world experience in Aristocrat Gaming’s™ all-new cabinet, the MarsX™ Portrait.

LAS VEGAS, Feb. 18, 2021 /PRNewswire/ — Advanced technology for players, operators, and slot techs combines with a new compelling game library to create an out-of-this world experience in Aristocrat Gaming’s™ all-new cabinet, the MarsX™ Portrait.

The original MarsX™ was a breakthrough in cabinet design and instantly became a favorite of players and operators alike. Now, with the MarsX Portrait, Aristocrat has created a new picture of innovation.

VIDEO: Click to watch the MarsX Portrait in action.

Click here to download hi-res game images

Advanced technology
MarsX Portrait boasts a wealth of advanced technology that creates a more intuitive and fun gaming experience. Gen9 components drive MarsX Portrait’s ability to spin fast, and the action plays out on the 43″ curved ultra high-definition monitor, tall enough to allow for exciting growing reels action. And while the action may be hot, the MarsX Portrait never is, thanks to a specially designed chimney that redirects heat quietly away from both the player and critical components.

Technology for players
MarsX Portrait gives players an experience they have been craving. The curved screen is a 4k display capable of showing 16.7 billion colors for unsurpassed visuals. Sight meets sound with MarsX Portrait’s 4.1 Spatial KineticSound that creates a perfect soundscape for every game’s unique journey. A virtual button deck has a dynamic bash button and wireless USB charging. Players will also love the portrait’s game action, including growing reels, Cash on Reels, Hold & Spin, and multiple jackpot levels.

Technology for operators and slot techs
Operators and slot floor staff will appreciate MarsX Portrait’s super hi-def toppers and vibrant wedges that create visual destinations and attract players. Slot techs will love several innovations that are a dramatic leap forward in cabinet design. The virtual button desk is constructed of Corning’s Gorilla Glass® for a near indestructible quality, and the bash button design allows for quick and easy in-field replacement. The front door is positioned on hydraulic hinges, a patented electro-mechanical latch provides greater security with an embedded optic coupler, and a secondary power switch is located on the front of the cabinet door. MarsX Portrait addresses BVs and printers with dedicated cash drop doors, and a pop-up track for ticket printers.

Innovative new game library
Aristocrat created a new games library specifically for the MarsX Portrait, leading with three new game families. The Cash Across™ family was created for core players who thrill to the excitement of big wins, reel expansion, and jackpot potential. Launch titles are Horses of Helios™ and Savanna Lion™.

The player-favorite Fu Dai Lian Lian™ gets an added persistent boost mode to enhance the fun in FU DAI LIAN LIAN BOOST PEACOCK™ and FU DAI LIAN LIAN BOOST TIGER™.

The fun and excitement is tripled in the new Triple Grand Fortunes™ family of games with game titles Triple Grand Fortunes™ Fu Grand™, Triple Grand Fortunes™ Lu Grand™, and Triple Grand Fortunes™ Shou Grand™.

For more information on the MarsX Portrait and its library of launch titles, visit www.aristocratgaming.com.

ABOUT ARISTOCRAT TECHNOLOGIES INC.
Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a global games leader with more than 6,000 employees. The company is licensed in over 300 gaming jurisdictions, operates in more than 90 countries, and offers a unique blend of products and services. The company is the leading designer, manufacturer, and distributor of Class III games as well as Class II Innovations for Native American casinos and emerging markets. The company’s mission is to bring joy to life through the power of play. Its values are rooted in creativity and technology, and the company has a rich history of innovation that has shaped the gaming industry over many decades. For further information, visit the company’s website at www.aristocratgaming.com.

Media Contacts: 
Paul Speirs-Hernandez, paul@steinbeckcommunications.com
Meghan Sleik, Meghan.Sleik@aristocrat.com

 

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SOURCE Aristocrat Technologies Inc.

Senator Richard Pan Calls for State Civil Service Reforms

SACRAMENTO, Calif., Feb. 18, 2021 /PRNewswire/ — Today, the largest union representing licensed physicians and dentists, the Union of American Physicians and Dentists (UAPD), announced the introduction of Senate Bill 422.

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SACRAMENTO, Calif., Feb. 18, 2021 /PRNewswire/ — Today, the largest union representing licensed physicians and dentists, the Union of American Physicians and Dentists (UAPD), announced the introduction of Senate Bill 422.

This legislation, authored by Senator Richard Pan (D-Sacramento) and sponsored by UAPD, amends the State Civil Services Act so that the State can expand healthcare services at state prisons and hospitals. Modeled after a successful Los Angeles County partnership with UAPD, the state would establish an employment registry for state physicians and other professionals who wish to remain at their place of employment but seek additional work through flexible scheduling.

«During the COVID-19 pandemic there is an urgent need to improve accountability and continuity of care at California State facilities,» said Senator Richard Pan, MD, a pediatrician. «This best can be achieved by providing patients entrusted with state care greater access to the quality care provided by state physicians.»  

As of July 2020, data reveals a vacancy rate of 29% among all state medical professionals, and within some state agencies the vacancy rate for psychiatrists ranges from 47%-87%.  To partially satisfy the state’s lack of physicians, private contractors are utilized at a much greater cost to California taxpayers.

«Current civil service laws limit the ability for state physicians to work additional hours which can disrupt a patient’s continuity and quality of care,» said Dr. Stuart Bussey. «This legislation will improve patient care, all the while saving taxpayer dollars by reducing the State’s dependency on costly contractors.»

Senate Bill 422 will also establish eligibility and compensation for registry work.  The bill would require the California Department of Corrections and Rehabilitation and Department of State Hospitals, by January 1, 2026, to conduct a study of the effectiveness of the registry to determine if the registry compensation rates were successful in addressing the operational needs for flexible services at a lower cost than contract registries.

Dr. Richard Pan represents Sacramento in California’s 6th Senate District and serves as chair of the Senate Committee on Health.

Founded by a private practice physician in 1972, over the last forty years the Union of American Physicians and Dentists (UAPD) has grown into the largest union representing licensed doctors in the US.  In Washington, UAPD represents physicians, advanced nurse practitioners, and physician assistants. Affiliated with AFSCME and the AFL-CIO, UAPD is proud to bring the strength of the labor movement to the aid of working doctors in the interest of better healthcare for all. www.UAPD.com

Media Contacts:
Marko Mlikotin, UAPD Media Consultant, (916) 817-4444
Dr. Stuart Bussey, Union President, (925) 200-9310
Shannan Velayas, Senator Pan (916) 271-2867, Shannan.Velayas@sen.ca.gov  

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SOURCE Union of American Physicians and Dentists (UAPD)

Crown Recognized As Leader By CDP For Supplier Engagement In Managing Climate Risk

YARDLEY, Pa., Feb. 18, 2021 /PRNewswire/ — Crown Holdings, Inc. (NYSE: CCK) has been identified as a global leader for its actions and strategies to reduce emissions and manage climate risks in its supply chain. CDP, a leading global environmental impact non-profit organization, has awarded Crown a Supplier Engagement Rating (SER) of A as part of its annual climate change assessment of companies globally. This rating earns Crown a spot on the 2020 Supplier Engagement Leaderboard and puts the…

YARDLEY, Pa., Feb. 18, 2021 /PRNewswire/ — Crown Holdings, Inc. (NYSE: CCK) has been identified as a global leader for its actions and strategies to reduce emissions and manage climate risks in its supply chain. CDP, a leading global environmental impact non-profit organization, has awarded Crown a Supplier Engagement Rating (SER) of A as part of its annual climate change assessment of companies globally. This rating earns Crown a spot on the 2020 Supplier Engagement Leaderboard and puts the Company in the top 7% of 8,033 companies assessed by CDP.

The SER provides a rating for how effectively companies engage their suppliers on climate change. CDP assessed performance on supplier engagement using a company’s response to select questions on governance, targets, Scope 3 emissions and value chain engagement in the CDP Climate Change 2020 questionnaire.

Climate Action is one of five central pillars of action under Crown’s Twentyby30 sustainability strategy. As part of its commitments in this area, the Company has pledged to reduce absolute greenhouse gas emissions (GHGs) from its supply chain (Scope 3) by 16% by 2030 from a 2019 baseline. To achieve this goal, Crown is joining together with suppliers to reduce the GHG footprint of materials (focused on steel and aluminum, coatings and varnishes) and its capital goods, therefore streamlining downstream logistics, distribution and transportation and reducing fuel consumption and mileage.

«Climate change is the most significant risk of our time,» stated John Rost, Ph.D., Vice President, Global Sustainability and Regulatory Affairs at Crown. «Corporate action to reduce GHG emissions will have a meaningful impact on the fight against climate change, but no company can do it alone. Data from CDP shows that a company’s supply chain emissions are over 11.4 times greater than its direct emissions on average, so it is critical that we look at ways we can work with our suppliers around the world to advance our collective progress. For the last several years, we have been working hard to increase our activity and transparency when it comes to supplier engagement. This recognition from CDP demonstrates that we have taken notable strides toward that objective.»

Crown’s inclusion on the 2020 CDP Supplier Engagement Leaderboard is the latest recognition for the Company’s sustainability efforts. In October 2020, Crown was named as one of the 100 most sustainably managed companies in the world by The Wall Street Journal. Crown was also included in the publication’s list of the 10 best companies at managing environmental risk and was the only U.S.-based company on the list. Sustainalytics, the environmental, social and governance (ESG) ratings provider, ranked Crown as the number one low-risk organization of 48 reviewed companies operating in the metal and glass packaging sector in 2020. Crown placed in the top 1.4% of scores within Sustainalytics’ total research universe of more than 12,500 companies.

About Crown Holdings, Inc. 

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Yardley, Pennsylvania. For more information, visit www.crowncork.com.

For more information, contact sustainability@crowncork.com.

For editorial inquiries: Mallory Schindler, Account Supervisor, FINN Partners; Tel: (212) 529-2634; Email: mallory.schindler@finnpartners.com

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SOURCE Crown Holdings, Inc.

CIBC becomes the First Canadian Bank to join RMI’s Center for Climate-Aligned Finance

Partnership focused on furthering sustainable finance options for corporate clients

TORONTO, Feb. 18, 2021 /PRNewswire/ – CIBC (TSX: CM) NYSE: CM) today announced it has joined RMI’s Center for Climate-Aligned Finance (the Center) as a Strategic Partner and the…

Partnership focused on furthering sustainable finance options for corporate clients

TORONTO, Feb. 18, 2021 /PRNewswire/ – CIBC (TSX: CM) NYSE: CM) today announced it has joined RMI’s Center for Climate-Aligned Finance (the Center) as a Strategic Partner and the first Canadian bank to announce its partnership in the Center’s efforts to develop the agreements and tools necessary to align financial decision-making with the long-term decarbonization of the real economy.

CIBC joins US financial institutions Wells Fargo, Goldman Sachs, JPMorgan Chase, and Bank of America as key financial-sector partners of the Center. The Center serves as an «engine room» for the financial sector to work with corporate clients to identify practical solutions through deep partnerships with industry and policymakers to facilitate a transition in the global economy to net-zero emissions by mid-century. Achieving meaningful targets for carbon reduction requires the support of financial institutions, and the commitment of innovative companies in high-emitting sectors focused on the long term and committed to progress towards a more sustainable future. The collective impact of these stakeholders will be essential to achieving long term goals.

«We are committed to developing market-based solutions that address critical environmental challenges, and our collaboration with the Center for Climate-Aligned Finance is an additional resource to further our momentum and expertise  in this important area,» said Harry Culham, Group Head, Capital Markets, CIBC. «As a purpose-led bank, we have a leadership role to play in advising our corporate clients as they transition to a lower-carbon economy, and we’re committed to working with all stakeholders to help our clients achieve these ambitions.»

The Center, launched by RMI in July 2020, works to enable financial institutions, corporates, and experts to overcome practical obstacles to climate alignment. Collaborating closely with its Partners, the Center works across industries to shape sectoral climate alignment initiatives for high-emitting industries and contributes to the development of global solutions, practices, and frameworks as finance increasingly plays an important role in decarbonization of the global economy and driving a just transition.

«We are delighted to welcome CIBC as a Strategic Partner as we look to support the bank’s sustainable finance efforts across Canada, the US and beyond,» said Paul Bodnar, chief strategy officer at RMI and the Center’s chair. «This represents a major advance for climate alignment in North America. Only collective action by financial institutions, in concert with their clients, can drive progress fast enough towards a net-zero emissions global economy.»

CIBC is committed to the development and implementation of new and innovative solutions for clients as they further their commitment to sustainability. In December 2020, CIBC received a score of A- from the CDP (formerly known as the Carbon Disclosure Project), demonstrating the bank’s progress in environmental performance and reporting. As part of CIBC’s commitment to support environmental sustainability initiatives, the bank’s actions include:

  • In 2020, issued a USD $500 million, five-year green bond to help finance new and existing green projects, assets, and businesses that mitigate the risks and effects of climate change. These include renewable energy, green buildings, clean transportation, natural resource conservation, biodiversity conservation, energy efficiency, and pollution prevention and control.
  • In 2019, announced a target of mobilizing $150 billion in environmental and sustainable finance activities by 2027.
  • In 2019, issued the climate-related disclosure report «Building a Sustainable Future,» aligned with the Task Force on Climate-Related Financial Disclosures.
  • In 2019, set new targets to source 100 per cent of its electricity from renewable sources and become carbon neutral by 2024.

More on CIBC’s environmental initiatives and performance can be found on CIBC’s Environmental Sustainability website and in the bank’s CDP Climate Change 2020 questionnaire response.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

About the Center

The Center for Climate-Aligned Finance (the Center) was established by RMI in July 2020 to help shape the financial industry’s role in facilitating the transition to a low-carbon, sustainable economy and society. Building on RMI’s nearly 40 years of experience developing market-based solutions to accelerating the energy transition, the Center serve as an «engine room» for the financial sector to partner with corporate clients to identify practical solutions through deep partnerships with industry, civil society and policymakers to facilitate a transition in the global economy to net-zero emissions by mid-century.

About RMI

RMI is an independent nonprofit founded in 1982 that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions at least 50 percent by 2030. RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; and Beijing.

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SOURCE CIBC

Sunshine Renewable Solutions opens new North Houston office

HOUSTON, Feb. 18, 2021 /PRNewswire-PRWeb/ — Sunshine Renewable Solutions hosted a ribbon cutting ceremony, organized by the North Channel Area Chamber of Commerce, at their new offices in Houston, Texas. While Sunshine has been in business since 2017, this event was a significant moment for the family-run operation.

Jeff Shed, the owner and CEO, founded Sunshine Renewable Solutions in Houston…

HOUSTON, Feb. 18, 2021 /PRNewswire-PRWeb/ — Sunshine Renewable Solutions hosted a ribbon cutting ceremony, organized by the North Channel Area Chamber of Commerce, at their new offices in Houston, Texas. While Sunshine has been in business since 2017, this event was a significant moment for the family-run operation.

Jeff Shed, the owner and CEO, founded Sunshine Renewable Solutions in Houston after gaining experience as a solar installer on the operations side for established companies. He quickly noticed a need for a completely customer-centric solar company in Houston and decided to fill that gap. Using his experience, personal network and his father’s business savvy, Sunshine Renewable Solutions was born.

Four years of steady growth across Texas and a trail of happy customers has led to the first of many milestones Sunshine aims to accomplish over the next 10 years and beyond. They have always been in it for the long-haul, which is why they have focused on scaling at a responsible pace and making sure service is excellent from start to finish.

Sunshine is excited to become an active part of the North Channel Area Chamber and to continue getting to know their community. They welcome all to give them a call to simply learn more about solar or get a complimentary custom quote.

Media Contact

Jillian Vazquez, Sunshine Renewable Solutions, +1 (832) 794-8669, j.vazquez@sunshinerenewable.com

Twitter, Facebook

 

SOURCE Sunshine Renewable Solutions

Motor Home Specialist Recognized as the Largest Motorhome Dealership in the United States for the 8th Consecutive Year

FORT LAUDERDALE, Fla., Feb. 18, 2021 /PRNewswire/ — RV Retailer, LLC announced today that Motor Home Specialist (MHS) was the #1 seller of new motorhomes by a single dealership in the United States for the 8th consecutive year in 2020, as reported by Statistical Surveys, Inc. («SSI»).  Motor Home Specialist retails new and used motor homes from its flagship 80-acre RV dealership facility located in Alvarado, TX in the…

FORT LAUDERDALE, Fla., Feb. 18, 2021 /PRNewswire/ — RV Retailer, LLC announced today that Motor Home Specialist (MHS) was the #1 seller of new motorhomes by a single dealership in the United States for the 8th consecutive year in 2020, as reported by Statistical Surveys, Inc. («SSI»).  Motor Home Specialist retails new and used motor homes from its flagship 80-acre RV dealership facility located in Alvarado, TX in the Dallas-Fort Worth market.  MHS was the first dealership purchased by RV Retailer in 2018, and since then RV Retailer has grown to 54 stores in 15 states with recently announced acquisitions.

Jon Ferrando, Chief Executive Officer and President of RV Retailer, stated, «We have built a great partnership with Donny O’Banion since acquiring MHS from the O’Banion family in 2018.   I am proud of Donny O’Banion and the entire MHS team of dedicated associates in Texas for continuing its run as the #1 motorhome dealer in the United States for 8 consecutive years.  We have continued to invest in the high-quality premium motorhome mix at MHS across a wide range of brands offered by MHS from its best-in-class facility.» 

Jon Ferrando added, «RV Retailer is fully committed to the motor home business, it is an important segment for us and we have grown our motor home business significantly.  In fact, last year our new motorhome unit sales growth rate over 2019 was 7 times higher than the U.S. industry growth rate (as reported by SSI).»

«I am thrilled that we were able to continue our reign for the 8th year in a row as the largest new motorhome dealer in the United States. We couldn’t achieve our industry-leading sales without the dedication of all our associates at MHS and the support of our manufacturer partners,» said Donny O’Banion, President of Motor Home Specialist.  «I’m proud to be a partner with Jon Ferrando and the RV Retailer team which has provided us the support and resources we need to continue our dominance in the motorhome category.  We were pleased to retail over 2,000 new and used units last year.»

Motor Home Specialist, MHSRV, is the #1 Motor Home Dealer in the World for Volume Sales since 2013.  Shop the largest and most diverse selection of motor homes in the world all at one location featuring American Coach, Coachmen, Cruiser RV, Entegra Coach, Fleetwood, Foretravel Realm, Thor Motor Coach, Holiday Rambler, Monaco, Forest River, Dynamax, Georgetown, Sportscoach, and Nexus.

To learn more about Motor Home Specialist, please visit: https://mhsrv.com/

About RV Retailer, LLC

RV Retailer, LLC is a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for RV customers in new and used sales, service and parts, and customer financial services. RV Retailer has 54 RV stores in Arizona, Colorado, Florida, Georgia, Indiana, Iowa, Kentucky, Missouri, Ohio, New York, North Carolina, South Carolina, Tennessee, Texas and Utah. Regional store brands include: RV One Superstores, Motor Home Specialist, ExploreUSA, Sonny’s Camp-N-Travel, Cousins RV, Camper Clinic, Lifestyle RVs, Family RV Group, Bill Plemmons RV World, Northgate RV and Tom’s Camperland, which sell a wide range of new and used RV brands with thousands of RVs in inventory.

RV Retailer is led by co-founders Jon Ferrando, Chief Executive Officer and President, and John Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. Jon Ferrando and John Rizzo were instrumental in building America’s largest automotive retailer from start-up to over $20 billion in revenue. RV Retailer’s leadership team has over 250 years of automotive and RV retail industry experience.

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SOURCE RV Retailer, LLC

Spanish Broadcasting System, Inc. anuncia el término de su recapitalización

MIAMI, 18 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el término de su proceso de recapitalización y el cierre de su oferta previamente anunciada de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones.

<img id="prnejpg3865left" title="Spanish Broadcasting System Inc. logo." border="0"…

MIAMI, 18 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el término de su proceso de recapitalización y el cierre de su oferta previamente anunciada de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones.

Spanish Broadcasting System Inc. logo.

La Compañía utilizó los ingresos netos de esta oferta, y el efectivo disponible, para (i) pagar sus títulos sénior asegurados de 12.5 % con vencimiento en 2017; (ii) junto con otras consideraciones, para comprar y/o canjear todas las acciones preferentes canjeables Serie B 10 3/4 % acumuladas (las «Acciones preferentes Serie B»); y (iii) para pagar cargos y gastos asociados. 

En relación con el cierre y término de su recapitalización, la compañía resolvió formalmente un litigio relacionado con las acciones preferentes de Serie B que se encontraba pendiente en la Corte de Equidad de Delaware.

«SBS se complace en haber ejecutado este proceso de recapitalización,» afirmó Raúl Alarcón, presidente y director ejecutivo de SBS.

«De cara al futuro, nos encontramos en una posición privilegiada para continuar con la exitosa expansión de nuestra plataforma latina de entretenimiento y de los márgenes operacionales líderes en la industria, los resultados de rating y el crecimiento de la audiencia acumulada de nuestras unidades de negocio experienciales, digitales, de audio y de video. Nuestro compromiso con el mercado hispano sigue presente del mismo modo en que lo ha estado durante casi cuatro décadas: inquebrantable. Seguiremos prestando servicios a los hispanos en toda la nación, así como también a los publicistas que se enfocan en el poder adquisitivo dinámico y en la creciente influencia social, cultural y política de dicho segmento», añadió Alarcón.

Los Títulos y las garantías conexas se ofrecieron en los Estados Unidos para personas razonablemente consideradas como «compradores institucionales calificados» según la Regla 144A de la Ley de Valores de 1933 y sus enmiendas (la «Ley de Valores»), y para personas fuera de los Estados Unidos que cumplan con la Regulación S de la Ley de Valores. Los Títulos y las garantías conexas no han sido registrados bajo la Ley de Valores ni bajo alguna ley estatal de valores y, salvo que se registren, no podrán ofrecerse ni venderse en los Estados Unidos a menos que cumplan con una excepción de los requerimientos de registro de la Ley de Valores u otras leyes estatales de valores aplicables o sean parte de una transacción que no esté sujeta a dichos requerimientos.

Asesores

Fried, Frank, Harris, Shriver & Jacobson LLP se desempeñó como asesor legal para la Compañía.

RBC Capital Markets, LLC («RBC») fue el asesor financiero de la Compañía. RBC fue representada por Latham & Watkins LLP.

Información importante

Este comunicado de prensa tiene fines informativos exclusivamente, y no es una oferta de venta ni una solicitud de oferta de compra de algún título valor, y no constituirá una oferta, solicitud o venta en ninguna jurisdicción en la que dicha oferta, solicitud o venta sea ilegal. Este comunicado de prensa no constituye una notificación de canje para las acciones preferentes Serie B, y no es una oferta de compra o solicitud de venta de las acciones preferentes Serie B.

Acerca de Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) es propietaria y operadora de estaciones de radio situadas en los principales mercados hispanos estadounidenses de Nueva York, Los Ángeles, Miami, Chicago, San Francisco y Puerto Rico, y transmite los géneros tropical, mexicano regional, adulto contemporáneo en español, Top 40 y urbano. SBS opera también AIRE Radio Networks, una plataforma de radio nacional de más de 290 estaciones afiliadas que llegan al 95 % de la audiencia hispana de los Estados Unidos. SBS también es propietaria de MegaTV, una operación de red de televisión con distribución en señal abierta, cable y satélite, y varias afiliadas en los Estados Unidos y Puerto Rico. SBS produce además eventos y conciertos en vivo en todo el país, y posee múltiples propiedades digitales incluyendo LaMusica, una aplicación móvil que ofrece contenidos de audio y video de enfoque latino, y HitzMaker, un espacio de nuevos talentos para aspirantes a artistas. Para obtener más información, visítenos en línea en www.spanishbroadcasting.com.

Declaraciones prospectivas

Este comunicado de prensa contiene declaraciones prospectivas que implican riesgos e incertidumbres. En algunos casos, puede identificar las declaraciones prospectivas por las palabras «anticipar», «creer», «continuar», «podría», «estimar», «esperar», «pretender», «puede», «podría», «objetivo», «continuo», «planificar», «predecir», «proyectar», «potencial», «debería», «será» o «sería» y/o los negativos de estos términos, u otra terminología comparable destinada a identificar declaraciones sobre el futuro. Estos aparecen en este comunicado de prensa e incluyen declaraciones sobre nuestras intenciones, creencias o expectativas actuales. Estas declaraciones, por su naturaleza, implican riesgos e incertidumbres sustanciales, algunos de los cuales están fuera de nuestro control, y los resultados reales pueden diferir significativamente dependiendo de una variedad de factores importantes, incluidos, entre otros, nuestro endeudamiento sustancial y alto apalancamiento, nuestra industria altamente competitiva, nuestra respuesta continua a la pandemia de COVID-19, nuestra dependencia de los ingresos y los ingresos operativos de un número limitado de mercados, la imprevisibilidad de las ventas en la industria de la publicidad, nuestra capacidad para atraer oyentes, espectadores y anunciantes a nuestras operaciones de radio y televisión, la popularidad y atractivo de nuestro contenido, nuestra capacidad para mantener y renovar acuerdos de distribución, el impacto de reformas fiscales y cualquier nueva legislación fiscal, nuestra capacidad para responder a los rápidos cambios en la tecnología, la creación de contenido, los servicios y los estándares, nuestra capacidad para proteger nuestro negocio de los riesgos de ciberseguridad, el desempeño de los empleados clave, el talento al aire y los anfitriones de programas, el daño a la reputación de nuestras marcas y procedimientos legales o gubernamentales, y el cumplimiento normativo y legislativo, incluido el cumplimiento con la Comisión Federal de Comunicaciones. Todas las declaraciones prospectivas hechas en este documento están sujetas a estas declaraciones precautorias y factores de riesgo, y no puede haber garantía de que los resultados, eventos o desarrollos reales a los que se hace referencia aquí ocurran o se concreten. No tenemos obligación alguna de actualizar públicamente declaraciones prospectivas para reflejar eventos o circunstancias posteriores.

Contactos:
Analistas e inversionistas
José I. Molina
Director financiero
(305) 441-6901

Logotipo: https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg  

FUENTE Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. anuncia el término de su recapitalización

MIAMI, 18 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el término de su proceso de recapitalización y el cierre de su oferta previamente anunciada de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones.

<img id="prnejpg3865left" title="Spanish Broadcasting System Inc. logo." border="0"…

MIAMI, 18 de febrero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (la «Compañía», «nosotros» o «SBS») anunció hoy el término de su proceso de recapitalización y el cierre de su oferta previamente anunciada de títulos sénior asegurados con vencimiento a 2026 (los «Títulos») por un monto total de capital de $310 millones.

Spanish Broadcasting System Inc. logo.

La Compañía utilizó los ingresos netos de esta oferta, y el efectivo disponible, para (i) pagar sus títulos sénior asegurados de 12.5 % con vencimiento en 2017; (ii) junto con otras consideraciones, para comprar y/o canjear todas las acciones preferentes canjeables Serie B 10 3/4 % acumuladas (las «Acciones preferentes Serie B»); y (iii) para pagar cargos y gastos asociados. 

En relación con el cierre y término de su recapitalización, la compañía resolvió formalmente un litigio relacionado con las acciones preferentes de Serie B que se encontraba pendiente en la Corte de Equidad de Delaware.

«SBS se complace en haber ejecutado este proceso de recapitalización,» afirmó Raúl Alarcón, presidente y director ejecutivo de SBS.

«De cara al futuro, nos encontramos en una posición privilegiada para continuar con la exitosa expansión de nuestra plataforma latina de entretenimiento y de los márgenes operacionales líderes en la industria, los resultados de rating y el crecimiento de la audiencia acumulada de nuestras unidades de negocio experienciales, digitales, de audio y de video. Nuestro compromiso con el mercado hispano sigue presente del mismo modo en que lo ha estado durante casi cuatro décadas: inquebrantable. Seguiremos prestando servicios a los hispanos en toda la nación, así como también a los publicistas que se enfocan en el poder adquisitivo dinámico y en la creciente influencia social, cultural y política de dicho segmento», añadió Alarcón.

Los Títulos y las garantías conexas se ofrecieron en los Estados Unidos para personas razonablemente consideradas como «compradores institucionales calificados» según la Regla 144A de la Ley de Valores de 1933 y sus enmiendas (la «Ley de Valores»), y para personas fuera de los Estados Unidos que cumplan con la Regulación S de la Ley de Valores. Los Títulos y las garantías conexas no han sido registrados bajo la Ley de Valores ni bajo alguna ley estatal de valores y, salvo que se registren, no podrán ofrecerse ni venderse en los Estados Unidos a menos que cumplan con una excepción de los requerimientos de registro de la Ley de Valores u otras leyes estatales de valores aplicables o sean parte de una transacción que no esté sujeta a dichos requerimientos.

Asesores

Fried, Frank, Harris, Shriver & Jacobson LLP se desempeñó como asesor legal para la Compañía.

RBC Capital Markets, LLC («RBC») fue el asesor financiero de la Compañía. RBC fue representada por Latham & Watkins LLP.

Información importante

Este comunicado de prensa tiene fines informativos exclusivamente, y no es una oferta de venta ni una solicitud de oferta de compra de algún título valor, y no constituirá una oferta, solicitud o venta en ninguna jurisdicción en la que dicha oferta, solicitud o venta sea ilegal. Este comunicado de prensa no constituye una notificación de canje para las acciones preferentes Serie B, y no es una oferta de compra o solicitud de venta de las acciones preferentes Serie B.

Acerca de Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) es propietaria y operadora de estaciones de radio situadas en los principales mercados hispanos estadounidenses de Nueva York, Los Ángeles, Miami, Chicago, San Francisco y Puerto Rico, y transmite los géneros tropical, mexicano regional, adulto contemporáneo en español, Top 40 y urbano. SBS opera también AIRE Radio Networks, una plataforma de radio nacional de más de 290 estaciones afiliadas que llegan al 95 % de la audiencia hispana de los Estados Unidos. SBS también es propietaria de MegaTV, una operación de red de televisión con distribución en señal abierta, cable y satélite, y varias afiliadas en los Estados Unidos y Puerto Rico. SBS produce además eventos y conciertos en vivo en todo el país, y posee múltiples propiedades digitales incluyendo LaMusica, una aplicación móvil que ofrece contenidos de audio y video de enfoque latino, y HitzMaker, un espacio de nuevos talentos para aspirantes a artistas. Para obtener más información, visítenos en línea en www.spanishbroadcasting.com.

Declaraciones prospectivas

Este comunicado de prensa contiene declaraciones prospectivas que implican riesgos e incertidumbres. En algunos casos, puede identificar las declaraciones prospectivas por las palabras «anticipar», «creer», «continuar», «podría», «estimar», «esperar», «pretender», «puede», «podría», «objetivo», «continuo», «planificar», «predecir», «proyectar», «potencial», «debería», «será» o «sería» y/o los negativos de estos términos, u otra terminología comparable destinada a identificar declaraciones sobre el futuro. Estos aparecen en este comunicado de prensa e incluyen declaraciones sobre nuestras intenciones, creencias o expectativas actuales. Estas declaraciones, por su naturaleza, implican riesgos e incertidumbres sustanciales, algunos de los cuales están fuera de nuestro control, y los resultados reales pueden diferir significativamente dependiendo de una variedad de factores importantes, incluidos, entre otros, nuestro endeudamiento sustancial y alto apalancamiento, nuestra industria altamente competitiva, nuestra respuesta continua a la pandemia de COVID-19, nuestra dependencia de los ingresos y los ingresos operativos de un número limitado de mercados, la imprevisibilidad de las ventas en la industria de la publicidad, nuestra capacidad para atraer oyentes, espectadores y anunciantes a nuestras operaciones de radio y televisión, la popularidad y atractivo de nuestro contenido, nuestra capacidad para mantener y renovar acuerdos de distribución, el impacto de reformas fiscales y cualquier nueva legislación fiscal, nuestra capacidad para responder a los rápidos cambios en la tecnología, la creación de contenido, los servicios y los estándares, nuestra capacidad para proteger nuestro negocio de los riesgos de ciberseguridad, el desempeño de los empleados clave, el talento al aire y los anfitriones de programas, el daño a la reputación de nuestras marcas y procedimientos legales o gubernamentales, y el cumplimiento normativo y legislativo, incluido el cumplimiento con la Comisión Federal de Comunicaciones. Todas las declaraciones prospectivas hechas en este documento están sujetas a estas declaraciones precautorias y factores de riesgo, y no puede haber garantía de que los resultados, eventos o desarrollos reales a los que se hace referencia aquí ocurran o se concreten. No tenemos obligación alguna de actualizar públicamente declaraciones prospectivas para reflejar eventos o circunstancias posteriores.

Contactos:
Analistas e inversionistas
José I. Molina
Director financiero
(305) 441-6901

Logotipo: https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg  

FUENTE Spanish Broadcasting System, Inc.