|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||361.09 - 365.95|
|52 Week Range||282.64 - 370.41|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||8.65|
|Forward Dividend & Yield||14.71 (4.05%)|
|1y Target Est||320.00|
Moody's Investors Service ("Moody's") assigned an A3 rating on up to approximately $3.0 billion in new senior secured bonds due 2039 to be issued by Cameron LNG, LLC (Cameron or Project). The bond proceeds, depending on the size of the issuance, will be used to refinance all or a portion of the debt outstanding under the Project's $2.915 billion "uncovered" senior secured credit facility due 2030 (about $2.6 billion currently outstanding), to pay transaction and swap breakage costs. With respect to the undrawn portion of the bank facility that the bonds will replace, the proceeds will also be applied to fund a portion of the Project's remaining capital costs, which together with pre-completion cash flows and the undrawn portions of a $2.5 billion direct overseas investment loan provided by the Japan Bank for International Cooperation (JBIC) and a "covered" $2.0 billion loan provided by a syndicate of commercial banks insured by Nippon Export and Investment Insurance (NEXI), will be used to complete the Project.
Moody's Investors Service ("Moody's") affirmed the A3 rating on Cameron LNG, LLC's (Cameron or Project) $2.915 billion "uncovered" senior secured credit facility due 2030 (about $2.6 billion currently outstanding).
The fire that began on March 17 at Intercontinental Terminals Co (ITC) spread black smoke across Houston, shut the ship channel, slowed production at local oil refineries and closed roadways and schools as it spread from one giant storage tank to 10 others before being extinguished on March 20. "ITC has been cooperating with the CSB and other federal, state and local regulatory authorities in their respective investigations of the March fire at the Deer Park facility," said a company spokesman.
EL SEGUNDO, Calif., Oct. 22, 2019 /PRNewswire/ -- To lead the global electric vehicle (EV) charging infrastructure into a future that optimizes energy transfer, and opens up new revenue streams and business models around charging EVs, EV Connect today announced that it has closed a $12 million Series B funding round. Lead investors, Mitsui & Co., Ltd. and Ecosystem Integrity Fund, are joined by other venture investors to support the global expansion of EV Connect's flexible, open, cloud-based solutions to expand the world's EV charging ecosystem. In addition to taking an equity position in EV Connect, Mitsui has executed a commercial agreement to develop new business models around EV charging infrastructure, leveraging its global presence.
Moody's Investors Service ("Moody's") has assigned an A3 rating to Corporación Nacional del Cobre de Chile's ("CODELCO") proposed senior unsecured notes due 2029 and 2050. The remaining balance will be used for upcoming debt amortizations, as well as capital expenditures. As a result, the transaction will not have a material effect on CODELCO's leverage and will result in a more comfortable maturity profile, with about 92% of total debt outstanding coming due beyond 2023 on a pro-forma basis, assuming a $2 billion issuance.
Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday. Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project, could be worth about A$360 million ($244 million), according to Credit Suisse. Mitsui Australia's spokesman said Rothschild has been engaged to advise on the sale of the stake, which Mitsui acquired with its takeover of oil and gas producer AWE last year.
Moody's Investors Service ("Moody's") has assigned an A3 rating to Corporacion Nacional del Cobre de Chile's ("CODELCO") senior unsecured notes due 2039. The BCA incorporates CODELCO's large capital spending needs to offset falling ore grades and maintain production levels, which has led to the issuance of incremental debt and persistent generation of negative free cash flow, and the large exposure to copper prices.
Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor, focusing more on the U.S. market where it recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals. Japanese trading house Mitsui & Co Ltd, which bought a small stake in Beyond Meat in 2016, said it previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan, but there was no longer such a project. "We look forward to bringing our revolutionary products to more countries across Asia, including Japan," said Chuck Muth, Beyond Meat's chief growth officer.
Beyond Meat Inc has shelved plans to enter Japan, according to a Japan-based investor, focusing more on the U.S. market where it recently bolstered funding to fuel an expansion and beat out emerging faux-meat rivals. Japanese trading house Mitsui & Co Ltd , which bought a small stake in Beyond Meat in 2016, said it previously planned to partner with the U.S. company to sell plant-based meat alternatives in Japan, but there was no longer such a project. "We look forward to bringing our revolutionary products to more countries across Asia, including Japan," said Chuck Muth, Beyond Meat's chief growth officer.
Moody's Investors Service has affirmed ESR-REIT's Baa3 issuer rating, (P)Baa3 senior unsecured rating on its SGD750 million debt issuance program and the Baa3 ratings on the senior unsecured notes drawn down from the program. At the same time, Moody's has also affirmed the provisional (P)Baa3 senior unsecured rating on the SGD750 million debt issuance program issued by RBC Investor Services Trust Singapore Limited -- a co-issuer with ESR-MTN Pte Ltd -- in its capacity as trustee of ESR-REIT.
SINGAPORE/LONDON, June 11 (Reuters) - The first liquefied natural gas (LNG) cargo to be shipped from Sempra Energy's $10 billion Cameron export terminal in Louisiana is heading to France, shiptracking data from Refinitiv and Kpler showed on Tuesday. Mitsui & Co Ltd, one of the partners in the Cameron project, is the charterer of the tanker, Marvel Crane, that picked up the commissioning cargo. The cargo, which loaded in late May, is set to arrive at France's Dunkirk on June 18, Refinitiv data showed.
Mitsui & Co Ltd's Intercontinental Terminals Co (ITC) has begun evaluating and paying claims to Houston area residents who missed work or incurred medical expenses following a March fire at its petrochemical storage facility, the company said on Friday. A three-day blaze at ITC's tank farm in Deer Park, Texas, released toxic chemicals into the air and the nearby waterway that connects Houston to the Gulf of Mexico, halting traffic in the nation's busiest oil port. Houston area residents with health claims could receive up to $750 and those who missed work because of travel restrictions related to the fire could receive up to $500, ITC said.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Mitsui & Co., Ltd. Tokyo, May 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mitsui & Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
MOSCOW/DUBAI (Reuters) - Japan's Mitsui & Co Ltd , Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek's (NVTK.MM) Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters. Novatek plans to start producing LNG at Arctic LNG 2 in 2022-2023.