January Trade Law Newsletter | Husch Blackwell LLP | 3/4" Gi Pipe

In Q4 2018, Petrochemicals revenue amounted to €84 million, down 10.2% year-on-year and 9.5% at constant exchange rates. Stronger volumes in line pipe deliveries in the US partially offset the lower revenue in China where deliveries were focused in Q4 on higher margin products.

China Precision Steel, Inc., a steel processing company, manufactures and sells cold-rolled precision steel products. It produces and sells precision cold-rolled steel products ranging from 7.5 mm to 0.03 mm. The company’s steel products comprise cold-rolled and hard-rolled low carbon steel products for steel roofing, food packaging, dry batteries, electronic devices, and kitchen tools; cold-rolled and hard-rolled high carbon steel products for automobile parts and components, grinding pieces, saw blades, and weaving needles; and tailor made cold rolled steel products. It also provides heat treatment, and cutting and slitting services for medium and high-carbon hot-rolled steel strips not exceeding 7.5 mm thickness. The company sells its products to component manufacturers and directly to the end-users in the People’s Republic of China, Indonesia, Thailand, the Caribbean, Nigeria, Ethiopia, and Turkey. China Precision Steel, Inc. is headquartered in Sheung Wan, Hong Kong.

This has not stopped her from doing all the things doctors predicted she would never be able to do. She has learnt to walk and lead a normal life. But the greatest of all is that she has found the man of her dreams – Jonathan Shorter.

Mr. Jorge A. Ganoza, President, CEO and Director, commented, “Abnormal rains and electrical thunder storms not seen in a decade in the region are impacting our construction activities and schedule projections.  A large amount of the float in the construction schedule has been consumed due to a slow start and ramp-up in excavations at the leach pad and crushing plant, key activities in the critical path of the project.” Mr. Ganoza continued, “As a result, we have had to revise our original construction schedule. Our plan now is to initiate ore stacking early in the fourth quarter of 2019, with first dore poured at year end and commercial production targeted for the first quarter of ­2020.” Mr. Ganoza concluded, “The Company remains well funded with low debt and sufficient liquidity to meet its construction and working capital requirements for the completion of construction activities and operating ramp-up activities at Lindero.”

On October 29, 2012 the Company entered into a Third Amended and Restated Credit Agreement (the OTC Credit Agreement), which is an unsecured $130 million revolving credit facility that may be increased to $250 million on the terms and subject to the conditions described in the OTC Credit Agreement. On October 31, 2018 the OTC Credit Agreement was amended to extend its expiration date by one year from October 31, 2022 to October 31, 2023. The Company can draw on this credit facility to refinance certain indebtedness and support its operations and the operations of its subsidiaries. Borrowings under the OTC Credit Agreement bear interest at LIBOR plus 1.50%, subject to adjustment based on the Company’s senior unsecured credit ratings or the issuer rating if a rating is not provided for the senior unsecured credit. The Company is required to pay commitment fees based on the average daily unused amount available to be drawn under the revolving credit facility. The OTC Credit Agreement contains a number of restrictions on the Company and the businesses of its wholly owned subsidiary, Varistar and its subsidiaries, including restrictions on the Company’s and Varistar’s ability to merge, sell assets, make investments, create or incur liens on assets, guarantee the obligations of certain other parties and engage in transactions with related parties. The OTC Credit Agreement also contains affirmative covenants and events of default, and financial covenants as described below under the heading ‘Financial Covenants.’ The OTC Credit Agreement does not include provisions for the termination of the agreement or the acceleration of repayment of amounts outstanding due to changes in the Company’s credit ratings. The Company’s obligations under the OTC Credit Agreement are guaranteed by certain of the Company’s subsidiaries. Outstanding letters of credit issued by the Company under the OTC Credit Agreement can reduce the amount available for borrowing under the line by up to $40 million.

Leo and Henry along the interior is dynamite on passing downs. Williamson and Lee on the second level works, though a better coverage linebacker is craved.

HUNT: So the mole people are people who have taken up residence in the underground of New York City. During the 1980s, they were sort of everywhere in the underground of the city. And today there are many fewer of them. There’s a tunnel that runs under Riverside Park. That is where they used to live, and they had built an amazing shantytown down in the tunnel. It was called the Freedom Tunnel. And during the ’80s, there were – oh, I don’t know – over a hundred of them. Today there are not so many. But there was one night where I went down into that tunnel with a group of urban explorers. And we had – we celebrated the 50th birthday party of a woman named Brooklyn who had been living in that tunnel for 28 years, she said. We went down with whiskey and cake. And we sort of sat around on the stairs outside of her home down there. And…

While many were excited to see how the likes of Leonard Williams and Darron Lee would perform playing in their more natural positions in a 4-3, the status quo does come with its fair share of positives. Primarily, in the form of the Jets two 2018 sack leaders.

“The company’s split-frame machines also offer optional spring-loaded tool slides, which track pipe OD to deliver a uniform prep and land, which is a big advantage when cutting—a pipe under compression has less chance of grabbing a blade,” Rohrbacher said.

The word on the street is the Cardinals would like to re-sign him to a one-year deal. After a 12.5-sack 2016, he has had 2.5 combined in the last two seasons. He had zero in 2017 when he tore his ACL and 2.5 in 2018 as he returned from the injury and was playing as a 4-3 defensive end for the first time since college.

What happened? Yesterday, while you were still finding new ways to eat Thanksgiving leftovers, the…

On November 14, 2017, OTP entered into a Note Purchase Agreement (the 2018 Note Purchase Agreement) with the purchasers named therein, pursuant to which OTP agreed to issue to the purchasers, in a private placement transaction, $100 million aggregate principal amount of OTP’s 4.07% Series 2018A Senior Unsecured Notes due February 7, 2048 (the 2018 Notes). The 2018 Notes were issued on February 7, 2018. Proceeds from the 2018 Notes were used to repay outstanding borrowings under the OTP Credit Agreement.