Mes: febrero 2021

Mountain View Hyundai Offers to Order Custom Vehicles Optimized for Customers’ Preferences

RINGGOLD, Ga., Feb. 18, 2021 /PRNewswire-PRWeb/ — Mountain View Hyundai, a dealership serving Chattanooga and the entire surrounding area from its home base in Ringgold, is serious about its pledge to set drivers up with the best possible vehicle for their individual needs. In demonstration of this devotion, the dealership not only offers a wide selection of high-quality vehicles on hand at its physical location but will also <a…

RINGGOLD, Ga., Feb. 18, 2021 /PRNewswire-PRWeb/ — Mountain View Hyundai, a dealership serving Chattanooga and the entire surrounding area from its home base in Ringgold, is serious about its pledge to set drivers up with the best possible vehicle for their individual needs. In demonstration of this devotion, the dealership not only offers a wide selection of high-quality vehicles on hand at its physical location but will also search for and order custom models for shoppers.

If a customer cannot find the specific model or type of vehicle they are looking for in the dealership’s inventory, the Mountain View Hyundai team will help browse the inventories of other Mountain View car dealerships or order a custom-built new Hyundai from the manufacturer itself.

Individuals in search of a new car can simply contact Mountain View Hyundai and describe the vehicle of their dreams. The employees of the dealership will then present the closest match they can, whether that be a model from their own inventory, another Mountain View dealership or a custom model ordered from Hyundai.

Mountain View Hyundai offers an extensive inventory of new Hyundai models as well as a diverse selection of used vehicles. The former includes the latest Hyundai cars and SUVs, while the latter includes reliable pre-owned machines hailing from many different brands. Shoppers interested in something in-between can peruse the Certified Pre-Owned Hyundai selection, each model of which is thoroughly inspected for quality and comes backed by the extensive Certified Pre-Owned Hyundai warranty.

Those interested in getting a car dealership to search for a vehicle according to their own unique whims can find more information on the Mountain View Hyundai website at http://www.mvhyundai.com. The team can also be contacted by phone with a dial to 706-671-2581. Finally, those who wear a mask and follow social distancing guidelines can make the journey to the dealership location itself at 7154 Nashville St., Ringgold.

Media Contact

Don Erwin, Mountain View Hyundai, 706-671-2581, donerwin@mvauto.com

 

SOURCE Mountain View Hyundai

Carl Black Orlando Upgrades Website to Sleek New Platform

ORLANDO, Fla., Feb. 18, 2021 /PRNewswire-PRWeb/ — Carl Black Orlando, a Chevy, Buick and GMC dealership serving Orlando and the entire surrounding area, has upgraded to a new website. The new platform delivers an entirely different aesthetic, providing users with a sleeker, more streamlined experience. As a result, it’s easier and more enjoyable than before for users to satisfy their automotive needs and peruse the 1,250 vehicles the dealership currently has in stock….

ORLANDO, Fla., Feb. 18, 2021 /PRNewswire-PRWeb/ — Carl Black Orlando, a Chevy, Buick and GMC dealership serving Orlando and the entire surrounding area, has upgraded to a new website. The new platform delivers an entirely different aesthetic, providing users with a sleeker, more streamlined experience. As a result, it’s easier and more enjoyable than before for users to satisfy their automotive needs and peruse the 1,250 vehicles the dealership currently has in stock.

Perhaps the primary feature of the Carl Black Orlando website is the capability to sift with ease through the entire inventory of new Chevy, Buick and GMC models from the comfort of the location of one’s choice. In addition to the new offerings, Carl Black Orlando boasts a healthy array of used vehicles hailing from a variety of brands. For those that would like an option that falls comfortably in between new and used, there is also a collection of Certified Pre-Owned models, which boast securities of a new ride such as warranty coverage and intensive quality inspection at a lower price point.

Other features of the Carl Black Orlando website include the ability for users to look through all of the dealership’s current offers and specials. These can apply to new vehicles, used vehicles and maintenance procedures alike. Prospective customers can also apply for financing, utilize a payment calculator to formulate potential payments (thereby seeing how they would fit into their budget) and value their trade to get an idea how much they can expect to sell their used vehicle for.

Those interested in experiencing all that the new Carl Black Orlando website has to offer can check it out firsthand at http://www.carlblackoforlando.com. The dealership can also be contacted by phone at 888-502-0763. Finally, those who wear a mask and follow social distancing guidelines can make the journey to the dealership’s physical location at 11500 E. Colonial Drive, Orlando.

Media Contact

Omar Rodriguez, Carl Black Orlando, 888-502-0763, omar@carlblack.com

 

SOURCE Carl Black Orlando

Elgin Volkswagen Offers Special Presidents Day Deals for Entire Month of February

ELGIN, Ill., Feb. 18, 2021 /PRNewswire-PRWeb/ — Elgin Volkswagen, a dealership serving Elgin and the entire surrounding area, is currently hosting a slew of special discounts in honor of Presidents Day. The astute observer may note that Presidents Day has already passed; luckily, the offers at Elgin Volkswagen are lasting for the entire remainder of February. They are slated to expire on March 1, 2021.

The <a target="_blank"…

ELGIN, Ill., Feb. 18, 2021 /PRNewswire-PRWeb/ — Elgin Volkswagen, a dealership serving Elgin and the entire surrounding area, is currently hosting a slew of special discounts in honor of Presidents Day. The astute observer may note that Presidents Day has already passed; luckily, the offers at Elgin Volkswagen are lasting for the entire remainder of February. They are slated to expire on March 1, 2021.

The Presidents Day offers at Elgin Volkswagen include special dealer discounts on specific trim levels of the 2021 Volkswagen Atlas and 2021 Volkswagen Atlas Cross Sport. Buyers can choose to finance these models for 0.9% APR for 60 months in addition to receiving a Presidents Day Bonus of $500. Examples of dealer discounts on the models include:

  • $5,420 off the MSRP of a 2021 Volkswagen Atlas 2.0T S, resulting in an Elgin VW Sale Price of $29,525

  • $5,028 off the MSRP of a 2021 Volkswagen Atlas Cross Sport 2.0T SE, resulting in an Elgin VW Sale Price of $31,207

  • $5,814 off the MSRP of a 2021 Volkswagen Atlas 2.0T SE w/Technology, resulting in an Elgin VW sale price of $35,806

  • $5,507 off the MSRP of a 2021 Volkswagen Atlas Cross Sport 3.6-liter V6 SEL R-Line, resulting in an Elgin VW Sale Price of $41,673

  • $6,349 off the MSRP of a 2021 Volkswagen Atlas 3.6-liter V6 SEL Premium R-Line, resulting in an Elgin VW Sale Price of $47,351

At the time of this writing, there are 36 new Volkswagen Atlas and Volkswagen Atlas Cross Sport models with similar offers.

Those interested in the Presidents Day sales event can learn more on the Elgin Volkswagen website at http://www.elginvw.com. The dealership may also be contacted by phone with a call to 847-428-2000. Finally, those who wear a mask and follow social distancing guidelines may visit the dealership location in-person at 2630 Auto Mall Drive, Elgin.

Media Contact

Chris Moran, cmoran@elginvw.com, 877-797-6424, cmoran@elginvw.com

 

SOURCE Elgin Volkswagen

Hyundai of Moreno Valley Provides Slew of Tantalizing Reasons for Customers to Visit

MORENO VALLEY, Calif., Feb. 18, 2021 /PRNewswire-PRWeb/ — Hyundai of Moreno Valley, a dealership serving the entire Moreno Valley region, advertises that it is the «only Hyundai dealer in the area with no add-ons or mark-ups.» Underneath this bold statement, the dealership’s website links to a page explaining the reasons to «Buy From Us.» Though the page does not make any more mention of the lack of add-ons and mark-ups, it does supply…

MORENO VALLEY, Calif., Feb. 18, 2021 /PRNewswire-PRWeb/ — Hyundai of Moreno Valley, a dealership serving the entire Moreno Valley region, advertises that it is the «only Hyundai dealer in the area with no add-ons or mark-ups.» Underneath this bold statement, the dealership’s website links to a page explaining the reasons to «Buy From Us.» Though the page does not make any more mention of the lack of add-ons and mark-ups, it does supply a slew of tantalizing reasons to shop at Hyundai of Moreno Valley.

Right off the bat comes the fact that the dealership is the only Hyundai dealer in the Moreno Valley area. Those in search of a high-quality, stylish new vehicle like the ones Hyundai is known for producing can turn to Hyundai of Moreno Valley’s vast inventory of the latest Hyundai rides. The dealership also boasts an extensive pre-owned inventory with models hailing from many different brands and a selection of Certified Pre-Owned Hyundai models for those looking for something in-between.

Being a certified Hyundai dealership means that Hyundai of Moreno Valley is the place to go for those that need service or maintenance on their Hyundai vehicle. The dealership’s service team consists of Hyundai-certified technicians. Those in need of service or routine maintenance can easily schedule a service appointment online.

Another reason to choose Hyundai of Moreno Valley is simply to experience the new state-of-the-art facility in which the dealership is housed. The five-acre facility is only 22 months old and includes a nine-car showroom so that shoppers can check out all the latest models up-close.

Hyundai of Moreno Valley is family-owned and operated. The dealership believes in contributing to the community and regularly donates to organizations such as Hope on Wheels, Cars for Moreno Valley Schools and more. The team believes in providing a straightforward experience for customers devoid of game-playing or trickery. They also offer treats.

Those intrigued by all the many reasons to check out Hyundai of Moreno Valley can learn more on the dealership website at http://www.hyundaiofmorenovalley.com. In addition, the team can be contacted by phone with a call to 951-900-4248. Finally, those who wear a mask and practice proper social distancing procedures can pay a visit to the dealership’s physical location at 27500 Eucalyptus Ave., Moreno Valley.

Media Contact

Rosetta Brown, Hyundai of Moreno Valley, 951-900-4248, rosettab@hyundaiofmy.com

 

SOURCE Hyundai of Moreno Valley

Spanish Broadcasting System, Inc. Announces Completion Of Recapitalization

MIAMI, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

<img id="prnejpgd3c5left" title="Spanish Broadcasting…

MIAMI, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

Spanish Broadcasting System Inc. logo.

The Company used the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock (the «Series B Preferred Stock») and (iii) to pay related fees and expenses. 

In connection with the closing and the completion of its recapitalization, the Company formally settled certain litigation relating to the Series B Preferred Stock that was pending in the Delaware Court of Chancery.

«SBS is pleased to have executed on this recapitalization,» stated Raúl Alarcón, Chairman and Chief Executive Officer of SBS.

«Looking forward, we are uniquely positioned to continue the successful expansion of our Latino entertainment platform and the industry-leading operating margins, ratings performance and aggregate audience growth of our audio, video, digital and experiential business units. Our commitment to the Hispanic market remains, as it has for nearly four decades, unwavering. We will continue serving Hispanics nationwide – as well as the advertisers that target their dynamic purchasing power and growing social, cultural and political influence,» added Alarcón.

The Notes and the related guarantees were offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Advisors

Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Company.

RBC Capital Markets, LLC («RBC») acted as financial advisor to the Company. RBC was represented by Latham & Watkins LLP.

Important Information

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

Logo – https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg  

SOURCE Spanish Broadcasting System, Inc.

Voto Latino and Media Matters for America Launch $22 Million Latino Anti-Disinformation Lab

WASHINGTON, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums,…

WASHINGTON, Feb. 18, 2021 /PRNewswire-HISPANIC PR WIRE/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums, seeking primarily to influence Latinx individuals.

The Latino Anti-Disinformation Lab will be chaired by Voto Latino co-founding President and CEO María Teresa Kumar, Media Matters for America President and CEO Angelo Carusone and former Democratic National Committee Chairman Tom Perez. It will, for the first time, establish the systems and network necessary to help combat mis- and disinformation that further polarizes and isolates Latinx voters.

The need for this initiative is clear. In the months leading up to the 2020 general election, voters were subject to higher levels of mis- and disinformation than ever before. Spanish and English language voter fraud misinformation, fear mongering tactics, and disinformation about COVID-19 spread throughout the media and on mainstream social platforms like Twitter, Facebook, Whatsapp, YouTube, and other online communities. This included a significant increase in false information targeting communities of color, disproportionately impacting Spanish-speaking audiences over the age of 40.

«For decades, disinformation has been a weapon that corrupt governments in failing states use against their own people,» said Voto Latino’s Maria Teresa Kumar. «But now that same weapon is aimed at the most vulnerable in the United States, exploiting some officials’ moral weakness and social media’s deliberate lawlessness to sow greater distrust of our critical institutions than ever before. The spread of lies around the COVID vaccine is proof positive that disinformation has become a life and death issue if not curbed and addressed.»

The Latino Anti-Disinformation Lab is the largest investment in combatting disinformation in Latinx communities to date. It will combine Media Matters’ media intelligence and disinformation expertise with Voto Latino’s deep knowledge of Latinx communities and digital-first savviness to inoculate impacted audiences across all mediums against targeted misinformation. As part of this effort, Media Matters will expand its monitoring of Spanish-language media and online communities, which a dedicated team will analyze to produce research that will catalyze strategic communications actions for Voto Latino. Voto Latino will invest heavily in data and infrastructure needed to effectively identify and communicate with at-risk Latinx voters.

«Whether its public health, political campaigns or policy  debates – the way the media approaches the issue will greatly influence the outcome,» said Media Matters President Angelo Carusone. «The right-wing sphere has spent years building a misinformation machine to target the Latinx community, which has resulted in a rising tide of disinformation. Despite how overwhelming it may seem, it is both possible and absolutely necessary to confront misinformation head on. This partnership will provide an essential check on that rising tide of disinformation.»

In addition to Media Matters and Voto Latino, former DNC Chairman Tom Perez, the son of first-generation immigrants from the Dominican Republic, will lend his voice and support to the effort to combat misleading information targeting the Latinx community.

«Misinformation targeting the Latino community is a very real and growing threat. We’ve got to address this threat head on with a substantial, focused, and concerted effort. That’s why I am so excited to be a part of this Voto Latino/Media Matters partnership. It leverages Media Matters’ unique capacities and expertise at media monitoring and research with Voto Latino’s extraordinary organizing and strategic communications capabilities,» added Tom Perez. This is the kind of lasting investment in communications infrastructure within the Latino community that is necessary to respond to the threat of misinformation as well as harness durable political and civic power.»

Voto Latino is a grassroots political organization focused on educating and empowering a new generation of Latinx voters, as well as creating a more robust and inclusive democracy. Through innovative digital campaigns, culturally relevant programs and authentic voices, we shepherd the Latinx community towards the full realization of its political power.

Media Matters for America is a nonprofit media watchdog dedicated to monitoring and exposing conservative misinformation. Through real-time monitoring, comprehensive research and analysis, and rapid response work, Media Matters combats lies, propaganda, and extremism to ensure that all Americans have access to truthful information.

CONTACT:
Danny Friedman, dfriedman@votolatino.org
Laura Keiter, LKeiter@mediamatters.org

Logo – https://mma.prnewswire.com/media/1278486/Voto_Latino_Logo.jpg
Logo – https://mma.prnewswire.com/media/1440530/Media_Matters_Logo.jpg

SOURCE Voto Latino

Johnson Controls to present at Baird’s 2021 Sustainability Conference

CORK, Ireland, Feb. 18, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI) Chairman and Chief Executive Officer George Oliver, and Vice President and Chief Sustainability, Government and Regulatory Affairs Officer Katie McGinty will speak at Baird’s…

CORK, Ireland, Feb. 18, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI) Chairman and Chief Executive Officer George Oliver, and Vice President and Chief Sustainability, Government and Regulatory Affairs Officer Katie McGinty will speak at Baird’s 2021 Sustainability Conference held virtually on Wednesday, Feb. 24, 2021 at 1:50 p.m. EST.  A live webcast of each presentation will be available on the company’s website at: http://investors.johnsoncontrols.com/news-and-events/events-and-presentations.

About Johnson Controls:

At Johnson Controls, we transform the environments where people live, work, learn and play. From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most. We deliver our promise in industries such as healthcare, education, data centers and manufacturing. With a global team of 100,000 experts in more than 150 countries and over 130 years of innovation, we are the power behind our customers’ mission. Our leading portfolio of building technology and solutions includes some of the most trusted names in the industry, such as Tyco®, York®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®, Simplex®, Ansul® and Grinnell®. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

INVESTOR CONTACTS:                            

MEDIA CONTACTS:

Antonella Franzen
Direct: 609.720.4665
Email: antonella.franzen@jci.com          

Chaz Bickers
Direct: 224.307.0655
Email: charles.norman.bickers@jci.com         

Ryan Edelman
Direct: 609.720.4545
Email: ryan.edelman@jci.com

Michael Isaac
Direct: +41.52.6330374
Email: michael.isaac@jci.com

 

Johnson Controls Logo. (PRNewsFoto/JOHNSON CONTROLS, INC.) (PRNewsFoto/)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/johnson-controls-to-present-at-bairds-2021-sustainability-conference-301230745.html

SOURCE Johnson Controls International plc

Federal Signal Completes Acquisition of OSW Equipment & Repair, LLC

OAK BROOK, Ill., Feb. 18, 2021 /PRNewswire/ — Federal Signal Corporation (NYSE: FSS) («the Company»), a leader in environmental and safety solutions, today announced the completion of the acquisition of OSW Equipment and Repair, LLC («OSW») for cash consideration of $52.5 million.

OSW is a leading manufacturer of dump truck bodies and custom upfitter of truck equipment and trailers, and is headquartered in Snohomish, Washington,…

OAK BROOK, Ill., Feb. 18, 2021 /PRNewswire/ — Federal Signal Corporation (NYSE: FSS) («the Company»), a leader in environmental and safety solutions, today announced the completion of the acquisition of OSW Equipment and Repair, LLC («OSW») for cash consideration of $52.5 million.

OSW is a leading manufacturer of dump truck bodies and custom upfitter of truck equipment and trailers, and is headquartered in Snohomish, Washington, with an upfitting location in Tempe, Arizona. The acquisition also includes the operations of Northend Truck Equipment («NTE»), which are co-located with OSW, and Western Truck Body («WTB»), based in Edmonton, Canada. Both NTE and WTB are wholly owned subsidiaries of OSW.

«Since acquiring TBEI, the geographic expansion of our existing platform of market-leading dump bodies and trailers has been a strategic objective,» said Jennifer L. Sherman, President and Chief Executive Officer. «The acquisition of OSW represents a highly strategic transaction, adding three premier brands that serve attractive infrastructure, construction and other industrial end-markets on the West Coast, in Arizona and in parts of Canada.»

«I have been a long-time admirer of OSW and the strength of its brands», said Robert E. Fines, Vice President and General Manager, Truck Bodies and Equipment International. «The acquisition provides considerable opportunity for long-term value creation through operational improvement initiatives, organic growth and additional acquisitions.»

About Federal Signal
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.

«Safe Harbor» Statement under the Private Securities Litigation Reform Act of 1995
This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: direct and indirect impacts of the coronavirus pandemic and the associated government response, economic conditions in various regions, product and price competition, supply chain disruptions, work stoppages, availability and pricing of raw materials, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.

Federal Signal Corporation Logo. (PRNewsFoto/Federal Signal Corporation)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/federal-signal-completes-acquisition-of-osw-equipment–repair-llc-301230501.html

SOURCE Federal Signal Corporation

Spanish Broadcasting System, Inc. Announces Completion Of Recapitalization

MIAMI, Feb. 18, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

<a…

MIAMI, Feb. 18, 2021 /PRNewswire/ — Spanish Broadcasting System, Inc. (the «Company», «we», «us», or «SBS») announced today the completion of its recapitalization and the closing of its previously announced offering of $310 million in aggregate principal amount of its senior secured notes due 2026 (the «Notes»).

The Company used the net proceeds of this offering along with cash on hand (i) to repay its 12.5% senior secured notes due 2017, (ii) along with certain other consideration, to repurchase and/or redeem all of its outstanding 10 3/4% Series B cumulative exchangeable redeemable preferred stock (the «Series B Preferred Stock») and (iii) to pay related fees and expenses. 

In connection with the closing and the completion of its recapitalization, the Company formally settled certain litigation relating to the Series B Preferred Stock that was pending in the Delaware Court of Chancery.

«SBS is pleased to have executed on this recapitalization,» stated Raúl Alarcón, Chairman and Chief Executive Officer of SBS.

«Looking forward, we are uniquely positioned to continue the successful expansion of our Latino entertainment platform and the industry-leading operating margins, ratings performance and aggregate audience growth of our audio, video, digital and experiential business units. Our commitment to the Hispanic market remains, as it has for nearly four decades, unwavering. We will continue serving Hispanics nationwide – as well as the advertisers that target their dynamic purchasing power and growing social, cultural and political influence,» added Alarcón.

The Notes and the related guarantees were offered in the United States to persons reasonably believed to be «qualified institutional buyers» pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Advisors

Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Company.

RBC Capital Markets, LLC («RBC») acted as financial advisor to the Company. RBC was represented by Latham & Watkins LLP.

Important Information

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. This press release does not constitute a redemption notice for the Series B Preferred Stock and is not an offer to purchase or a solicitation of an offer to sell the Series B Preferred Stock.

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (SBS) owns and operates radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Urbano format genres. SBS also operates AIRE Radio Networks, a national radio platform of over 290 affiliated stations reaching 95% of the U.S. Hispanic audience. SBS also owns MegaTV, a network television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico, produces a nationwide roster of live concerts and events, and owns a stable of digital properties, including La Musica, a mobile app providing Latino-focused audio and video streaming content and HitzMaker, a new-talent destination for aspiring artists. For more information, visit us online at www.spanishbroadcasting.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words «anticipate,» «believe,» «continue,» «could,» «estimate,» «expect,» «intend,» «may,» «might,» «objective,» «ongoing,» «plan,» «predict,» «project,» «potential,» «should,» «will,» or «would,» and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in this press release and include statements regarding our intentions, beliefs or current expectations. These statements, by their nature, involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors, including, but not limited to, our substantial indebtedness and high leverage, our highly competitive industry, our ongoing response to the COVID-19 pandemic, our dependency on revenue and operating income from a limited number of markets, unpredictability of sales in the advertising industry, our ability to attract listeners, viewers and advertisers to our broadcast radio and television operations, the popularity and appeal of our content, our ability to maintain and renew distribution agreements, impact from tax reform and any new tax legislation, our ability to respond to rapid changes in technology, content creation, services and standards, our ability to protect our business from cybersecurity risks, performance of key employees, on-air talent and program hosts, reputational damage to our brands and legal or governmental proceedings and regulatory and other legislative compliance, including compliance with the Federal Communications Commission. All forward-looking statements made herein are qualified by these cautionary statements and risk factors and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. We do not have any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

Contacts:
Analysts and Investors
José I. Molina
Chief Financial Officer
(305) 441-6901

 

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SOURCE Spanish Broadcasting System, Inc.

Voto Latino and Media Matters for America Launch $22 Million Latino Anti-Disinformation Lab

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums, seeking primarily…

WASHINGTON, Feb. 18, 2021 /PRNewswire/ — In response to the threat of mis- and disinformation on democracy and public health, Voto Latino, the largest Latinx voter registration organization in the U.S., and Media Matters for America, the nation’s premier media watchdog organization, are announcing the launch of the Latino Anti-Disinformation Lab. The collaborative effort will work to better understand and strategically combat misinformation at all stages and on all mediums, seeking primarily to influence Latinx individuals.

The Latino Anti-Disinformation Lab will be chaired by Voto Latino co-founding President and CEO María Teresa Kumar, Media Matters for America President and CEO Angelo Carusone and former Democratic National Committee Chairman Tom Perez. It will, for the first time, establish the systems and network necessary to help combat mis- and disinformation that further polarizes and isolates Latinx voters.

The need for this initiative is clear. In the months leading up to the 2020 general election, voters were subject to higher levels of mis- and disinformation than ever before. Spanish and English language voter fraud misinformation, fear mongering tactics, and disinformation about COVID-19 spread throughout the media and on mainstream social platforms like Twitter, Facebook, Whatsapp, YouTube, and other online communities. This included a significant increase in false information targeting communities of color, disproportionately impacting Spanish-speaking audiences over the age of 40.

«For decades, disinformation has been a weapon that corrupt governments in failing states use against their own people,» said Voto Latino’s Maria Teresa Kumar. «But now that same weapon is aimed at the most vulnerable in the United States, exploiting some officials’ moral weakness and social media’s deliberate lawlessness to sow greater distrust of our critical institutions than ever before. The spread of lies around the COVID vaccine is proof positive that disinformation has become a life and death issue if not curbed and addressed.»

The Latino Anti-Disinformation Lab is the largest investment in combatting disinformation in Latinx communities to date. It will combine Media Matters’ media intelligence and disinformation expertise with Voto Latino’s deep knowledge of Latinx communities and digital-first savviness to inoculate impacted audiences across all mediums against targeted misinformation. As part of this effort, Media Matters will expand its monitoring of Spanish-language media and online communities, which a dedicated team will analyze to produce research that will catalyze strategic communications actions for Voto Latino. Voto Latino will invest heavily in data and infrastructure needed to effectively identify and communicate with at-risk Latinx voters.

«Whether its public health, political campaigns or policy  debates – the way the media approaches the issue will greatly influence the outcome,» said Media Matters President Angelo Carusone. «The right-wing sphere has spent years building a misinformation machine to target the Latinx community, which has resulted in a rising tide of disinformation. Despite how overwhelming it may seem, it is both possible and absolutely necessary to confront misinformation head on. This partnership will provide an essential check on that rising tide of disinformation.»

In addition to Media Matters and Voto Latino, former DNC Chairman Tom Perez, the son of first-generation immigrants from the Dominican Republic, will lend his voice and support to the effort to combat misleading information targeting the Latinx community.

«Misinformation targeting the Latino community is a very real and growing threat. We’ve got to address this threat head on with a substantial, focused, and concerted effort. That’s why I am so excited to be a part of this Voto Latino/Media Matters partnership. It leverages Media Matters’ unique capacities and expertise at media monitoring and research with Voto Latino’s extraordinary organizing and strategic communications capabilities,» added Tom Perez. This is the kind of lasting investment in communications infrastructure within the Latino community that is necessary to respond to the threat of misinformation as well as harness durable political and civic power.»

Voto Latino is a grassroots political organization focused on educating and empowering a new generation of Latinx voters, as well as creating a more robust and inclusive democracy. Through innovative digital campaigns, culturally relevant programs and authentic voices, we shepherd the Latinx community towards the full realization of its political power.

Media Matters for America is a nonprofit media watchdog dedicated to monitoring and exposing conservative misinformation. Through real-time monitoring, comprehensive research and analysis, and rapid response work, Media Matters combats lies, propaganda, and extremism to ensure that all Americans have access to truthful information.

CONTACT:
Danny Friedman, dfriedman@votolatino.org
Laura Keiter, LKeiter@mediamatters.org

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SOURCE Voto Latino