Double Submerged Arc Welded Pipe Earnings and Gross Margin by Regions/Countries: (The United States, Asia-pacific, UK, Europe, Central & South America, The Middle East & Africa)
On October 29, 2012 OTP entered into a Second Amended and Restated Credit Agreement (the OTP Credit Agreement), providing for an unsecured $170 million revolving credit facility that may be increased to $250 million on the terms and subject to the conditions described in the OTP Credit Agreement. On October 31, 2018 the OTP Credit Agreement was amended to extend its expiration date by one year from October 31, 2022 to October 31, 2023. OTP can draw on this credit facility to support the working capital needs and other capital requirements of its operations, including letters of credit in an aggregate amount not to exceed $50 million outstanding at any time. Borrowings under this line of credit bear interest at LIBOR plus 1.25%, subject to adjustment based on the ratings of OTP’s senior unsecured debt or the issuer rating if a rating is not provided for the senior unsecured debt. OTP is required to pay commitment fees based on the average daily unused amount available to be drawn under the revolving credit facility. The OTP Credit Agreement contains a number of restrictions on the business of OTP, including restrictions on its ability to merge, sell assets, make investments, create or incur liens on assets, guarantee the obligations of any other party, and engage in transactions with related parties. The OTP Credit Agreement also contains affirmative covenants and events of default, and financial covenants as described below under the heading ‘Financial Covenants.’ The OTP Credit Agreement does not include provisions for the termination of the agreement or the acceleration of repayment of amounts outstanding due to changes in OTP’s credit ratings. OTP’s obligations under the OTP Credit Agreement are not guaranteed by any other party.
General Rates—The MPUC rendered its final decision in OTP’s 2016 general rate case in March 2017 and issued its written order on May 1, 2017. Pursuant to the order, OTP’s allowed rate of return on rate base decreased from 8.61% to 7.5056% and its allowed rate of return on equity (ROE) decreased from 10.74% to 9.41%. The MPUC denied OTP’s request for reconsideration of certain of the MPUC’s rulings in the rate case.
China Precision Steel, Inc. (OTCMKTS:CPSL) released its quarterly earnings results on Tuesday, February, 19th. The basic materials company reported ($2.80) EPS for the quarter. The basic materials company earned $8.20 million during the quarter, compared to analysts’ expectations of $33.70 million. View China Precision Steel’s Earnings History.
OTP’s previously approved general rate increase in North Dakota of $3.6 million, or approximately 3.0%, was granted by the NDPSC in an order issued in November 2009 and effective December 2009. Pursuant to the order, OTP’s allowed rate of return on rate base was set at 8.62%, and its allowed rate of return on equity was set at 10.75%.
Haymarket Theatre, 802 Q St., ages 6-17, 10 a.m.-4 p.m. Before- and after-care available. Tuition: $400 for three-week camps; $300 for two-week camps. Info: 402-477-2600 or haymarkettheatre.org. Email info@haymarkettheatre.org to inquire about scholarships.
Most people don’t really have the experience of being near a train when it’s moving at full speed. A train slows down to a platform usually so when you’re in the tracks and you’re kind of crouched in an emergency exit alcove the train is hurdling through the dark so you’re getting this really intense sound and wind and this kind of rush of metal. Your heart is pounding. It’s very intense.
The course (HLTH 1120/19S & CRN #24569) will be held Mondays and Thursdays, March 11-April 15, from 5-9 p.m. in Room 207 at the West Point extended campus, 202 Anna Stalp Avenue. Mary Dickson is the instructor.
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* Sessions/Themes: Maker Party, May 28-31; Electro-Nano, June 3-7; Growing Green, June 10-14; Food Lab, June 17-21; Engineers Week, June 24-28; Aerospace Week, July 1-5 (except July 4); Coding Week, July 8-12; CAD Camp, July 15-19; Garbology, July 22-26; Virtual Reality, July 29-Aug. 2.
Participants will learn to effectively operate the database portion of the Microsoft Office suite. Kris Coan is the instructor.
OU Shuts Out BYU, Falls to No. 2 UCLA | Galvanized Round Steel Pipe Related Video:
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