Drax Completes Acquisition of Pinnacle Renewable Energy Inc globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Alabama s economic development report card shows $4.8 billion in 2020 investment
By Jerry Underwood
April 6, 2021
A $40 million FedEx Ground logistics center was one of several major distribution and logistics projects announced in Alabama during 2020, amounting to more than a combined $500 million in capital investment. (contributed)
Despite challenges posed by the pandemic, economic development across Alabama in 2020 generated close to $5 billion in capital investment and almost 10,000 job commitments, Gov. Kay Ivey announced.
With significant growth projects recorded in key strategic industrial sectors, Ivey said the activity will strengthen the foundations of Alabama’s economy and help accelerate the recovery that is taking place across the state.
IN BRIEF: Drax expects Pinnacle Renewable deal to complete next week
Wed, 7th Apr 2021 09:11
Drax Group PLC - Selby, England-based electrical power station operator - Says supreme court of British Columbia on Tuesday granted final order in respect of Drax s acquisition of Pinnacle Renewable Energy Inc. All the conditions to the acquisition have now been satisfied or waived and completion is expected to occur next Tuesday.
In February, Drax said it had agreed to acquire Pinnacle in a deal valuing the Canadian biomass producer and supplier s fully diluted equity at CAD385 million, or GBP226 million, with an implied enterprise value of CAD741 million, including net debt of CAD356 million.
Drax Group PLC shareholders approve Canadian biomass company acquisition despite environmental warning proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Pinnacle Renewable Energy (TSE:PL) Seems To Be Using A Lot Of Debt
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April 01, 2021 Warren Buffett famously said, Volatility is far from synonymous with risk. When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. As with many other companies
Pinnacle Renewable Energy Inc. (TSE:PL) makes use of debt. But is this debt a concern to shareholders? When Is Debt A Problem? Generally speaking, debt only becomes a real problem when a company can t easily pay it off, either by raising capital or with its own cash flow. If things get really bad, the lenders can take control of the business. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we think about a