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Ratings downgrade as U.S. coal company Bowie Resource Partners faces ‘liquidity shortfall’

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Bowie Resource Partners LLC could face a liquidity shortfall in the next year if it fails to extend its revolving credit facility, S&P Global Ratings said in a downgrade of the U.S. coal producer.The company’s liquidity may be insufficient to cover its revolver due in August and mandatory amortizations, a June 8 ratings action said. S&P Global Ratings dropped its corporate credit rating for Bowie from “CCC+” to “CCC,” lowered the rating on the company’s $335 million first-lien and $100 million second-lien term loans to “B-” and “CC” from “B” and “CCC” and placed all ratings on CreditWatch with negative implications.“While long-term contracts with large utility customers provide some stability to future cash flows, we view the business to be vulnerable to unexpected outages or operational disruptions given its smaller size and dependence on two anchor customers,” the rating agency wrote.More ($):  Bowie Resource Partners downgraded over concerns of liquidity shortfall Ratings downgrade as U.S. coal company Bowie Resource Partners faces ‘liquidity shortfall’last_img read more

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International Breweries Boosts Lagos World Cup Viewing Centres

first_imgInternational Breweries Plc has joined Lagos State Government to bring live football matches of the ongoing Russia 2018 FIFA World Cup Finals to Lagos fans.International Breweries is sponsoring all the Viewing centers established by Governor Akinwunmi Ambode through the Lagos State Sports Commission.These viewing centers, which were adequately secured and insured are located at Teslim Balogun Stadium in Surulere, Campos Mini Stadium, Lagos Island; Abesan playground, Alimosho; Naval Yard Ajegunle; Bishop Aggrey Youth Centre, Mushin and Epe Recreation Centre. He also maded approval for additional two viewing centres at Ikorodu Town Hall, Ikorodu and Badagry Grammar School, Badagry. During a meeting with the management team of the Sports Commission led by the Director General, Babatunde Bank-Anthony at the Teslim Balogun Stadium on Wednesday, Mr. Arne Rust, Marketing Director, International Breweries, Nigeria and Ghana, makers of Trophy Lager Beer and Budweiser, said that “our dream in Africa is to bring people together for a better world and I think that is what Lagos State Sports Commission is doing with these World Cup Viewing centers where people from different backgrounds will come together to watch live matches of the World Cup and equally have fun and enjoy themselves.“At International Breweries, we play high premium on the welfare of the communities where we operate and we are always out to identify with coexistence of the people to make them happy.“The idea of the World Cup Viewing centers fit in very well with our dream for the people. I’m glad to say that the enthusiasm among Nigeria at these centres is electrifying as people have a lot of fun. And as a growing company with our brands, Trophy, Hero and Budweiser, we are equally making the people to enjoy themselves.”He said fans that come to the Viewing Centres will have the opportunity to go home with a lot of imported souvenirs of their products.To the Director General of the Sports Commission, Hon. Bank-Anthony, the partnership between the Commission and the International Breweries “is borne out of our desire to do things differently. This is an added value to us that a private company is interfacing with us to develop sports in Lagos.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Lionel Messi works out with new gym partner; his two-year-old son Ciro [VIDEO]

first_imgWorld Player of the Year, Lionel Messi is a naturally-talented player, which has accounted for a lot of his success, but he works hard to keep up his fitness as well.And he appears to be transferring this attitude to his youngest son Ciro,The Argentine star shared a video of him and his son working out at home.First Ciro, who is only two years old, did 10 amazingly accurate hip raises with encouragement from his mom and dad.Lionel then takes his turn on the mat, doing a few cross-armed sit-ups before finishing it off with a high five from his son.It’s another adorable moment between the Barcelona forward and his kid, who is spending a lot more time with his family as the world of football deals with the coronavirus pandemic.Messi is one of a host of players confined to their homes as CCOVID-19 rages across the world.Chelsea winger, Willian, recently shared a video of himself training with his two daughters in their home in Brazil.Ghanaian defender, Harrison Afful also posted a video of him braiding his daughter’s hair.The video has since gone viral.Take a look at Messi working out with his son below:last_img read more

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Tour de France 2019: No complacency from Team INEOS after ‘great start’, says Geraint Thomas

first_img“We are always prepared for this race, we have one goal. Other teams go for stage wins, but our only goal is to try to win the Tour.”And Thomas is hopeful he and Bernal can pile the pressure on Alaphilippe, the Deceuninck-Quick Step rider having never seriously challenged for Grand Tour glory before.”We’ll know a lot more about Alaphilippe after the second rest day, but he’s rode a great race so far,” the Welshman said. “We’ll see how he goes — it’s an unknown for him as well, so it’ll be an interesting second week.” Geraint Thomas feels Team INEOS has enjoyed a “great start” to the Tour de France but insists the squad will remain focused as he looks to reel in Julian Alaphilippe.Alaphilippe leads the General Classification race by one minute and 12 seconds, yet Thomas is his nearest challenger and INEOS teammate Egan Bernal is third, a further four seconds back. Defending champion Thomas believes INEOS is well placed but acknowledges there is a lot of work left to do, particularly with Alaphilippe still boasting a healthy advantage.”We feel we’re in a strong position,” he said. “A combination of everything coming together has helped us get to this point at the first rest day. We’ve made a great start, but we’re fully aware that there’s still plenty of racing left.”To have gained time on our GC contenders is massive and a really good bonus, but now the really tough stages start. It’s been a great 10 days. It would be better if we were a couple of seconds behind Alaphilippe, but we’re pleased with how we’ve fared so far.”Boys on fire today in the crosswinds Great to be up to second at the first rest day #tdf2019 pic.twitter.com/TA7BHGpGY3— Geraint Thomas (@GeraintThomas86) July 15, 2019Thomas added: “We’ve got huge Grand Tour experience in this team, so we won’t allow ourselves to become complacent. We’ll just focus on each stage and give ourselves the best possible chance of winning when we get to Paris. I’m not feeling any extra pressure this year.”I’m enjoying the race so far, though; it’s been a good opening block of racing for the team, and the support we’ve had has made it even more enjoyable. We’ve got a lot of winning experience on this team, the guys know what it takes to get over the winning line at the Tour. That experience is massively important in a race like this.last_img read more