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Superior Plus Corp (SPB.TO)

SPB.TO on Toronto Stock Exchange

12.15CAD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Superior Plus Corp reports qtrly ‍net loss per share of $0.87​
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Superior Plus Corp ::Superior Plus Corp. announces 2017 third quarter results, confirms 2017 financial outlook and introduces 2018 financial outlook.Superior Plus Corp qtrly ‍revenue $465.5 million vs $429.0​ million.‍Introducing 2018 financial outlook of AOCF per share of $1.65 to $1.95​.Qtrly ‍net loss per share $0.87​.‍Also introducing 2018 adjusted EBITDA guidance of $295 million to $335 million​.  Full Article

SUPERIOR PLUS ANNOUNCES ACQUISITION OF INTERNATIONAL DIOXCIDE
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Superior Plus Corp ::SUPERIOR PLUS ANNOUNCES ACQUISITION OF INTERNATIONAL DIOXCIDE, INC. EXPANDING ITS SPECIALTY CHEMICALS BUSINESS.‍PURCHASE PRICE OF DEAL WILL BE FUNDED BY DRAWING ON SUPERIOR'S EXISTING CREDIT FACILITY​.‍ENTERED INTO AN AGREEMENT TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF INTERNATIONAL DIOXCIDE FROM LANXESS CORPORATION​.  Full Article

Superior Plus announces 5.25% Senior Unsecured Note financing
Friday, 13 Oct 2017 

Oct 12 (Reuters) - Superior Plus Corp :Superior Plus announces 5.25% Senior Unsecured Note Financing and redemption of 6.00% convertible unsecured debentures due june 30, 2019.Superior Plus Corp - ‍additional notes will form a single series with previously issued notes​.Superior Plus Corp - ‍agreed to issue and sell an additional cdn $150 million principal amount of its 5.25% senior unsecured notes due February 27, 2024.Superior Plus Corp - ‍unit to issue notes under indenture pursuant to which Superior LP previously issued CDN $250 million of notes on February 27, 2017​.  Full Article

Superior Plus announces redemption of 6.00 pct convertible unsecured debentures
Friday, 12 Aug 2016 

Superior Plus Corp : Superior plus announces redemption of 6.00% convertible unsecured debentures due june 30, 2018 . Will redeem entire $149.9 million outstanding principal amount of its 6.00% convertible unsecured subordinated debentures due june 30, 2018 .Superior plus corp says intends to use funds from its existing credit facility to fund redemption of 6.00% debentures.  Full Article

Superior Plus Q2 loss per share from continuing operations $0.05
Wednesday, 10 Aug 2016 

Superior Plus Corp : Qtrly loss per share from continuing operations $0.05 . FY outlook of aocf per share has been updated to $1.40 to $1.60 . Qtrly revenue $703.6 million versus $715 million .Updated 2016 financial outlook is due to sale of cpd and reduced outlook for specialty chemicals business for q3 and q4 2016.  Full Article

Superior Plus Q2 loss per share from continuing operations $0.05
Wednesday, 10 Aug 2016 

Superior Plus Corp : Qtrly loss per share from continuing operations $0.05 . FY outlook of aocf per share has been updated to $1.40 to $1.60 . Qtrly revenue $703.6 million versus $715 million .Updated 2016 financial outlook is due to sale of cpd and reduced outlook for specialty chemicals business for q3 and q4 2016.  Full Article

Superior Plus to sell construction products distribution business for $325 mln
Tuesday, 5 Jul 2016 

Superior Plus Corp : To sell construction products distribution business to Foundation Building Materials, LLC . Transaction will also initially result in a reduction of superior's adjusted operating cash flow from date sale is completed . Proposed reduction of indebtedness under credit facility is expected to lower co's leverage ratio to range of about 2.0 - 2.5x EBITDA . Superior plus to sell construction products distribution business for us $325 million .Proceeds from sale of CPD segment will initially be used to repay indebtedness under superior's credit facility.  Full Article

Canexus Corp says Superior Plus terminated arrangement agreement
Thursday, 30 Jun 2016 

Canexus Corp : Deal termination fee of $25 million is payable by superior to Canexus, which Canexus will use for further debt reduction .Superior plus terminates arrangement agreement.  Full Article

Superior Plus terminates arrangement agreement with Canexus
Thursday, 30 Jun 2016 

Superior Plus Corp : Superior plus announces the termination of the arrangement agreement with canexus . Says parties have failed to reach agreement on terms that would allow transaction to proceed . Among other things, superior had sought to get canexus to remedy breach of certain provisions of agreement .Had requested canexus extend outside date of june 29, 2016 to provide sufficient time to respond to legal proceedings commenced by ftc.  Full Article

Canadian competition bureau approves proposed Canexus acquisition
Tuesday, 28 Jun 2016 

Canexus Corp : Canexus announces Canadian competition bureau approval . Says Canadian competition bureau approved proposed acquisition of Canexus by Superior Plus Corp . Says Canexus and Superior are engaged in discussions to potentially extend outside date of arrangement agreement of June 29, 2016 .Says extension to allow time for superior to litigate FTC action.  Full Article

BRIEF-Superior Plus Corp reports qtrly ‍net loss per share of $0.87​

* Superior Plus Corp. announces 2017 third quarter results, confirms 2017 financial outlook and introduces 2018 financial outlook