Business news of local interest
NES&L ends notes offering
New Enterprise Stone & Lime Co. Inc. has closed its offering of $200 million aggregate principal amount of its 10.125 percent senior notes due 2022.
The company also announced it repurchased about $196.47 million (or about 96.55 percent) of the outstanding existing 11 percent seniors notes due 2018 for $1,006 per $1,000 principal amount plus accrued and unpaid interest.
“With the refinancing of the unsecured notes, we have improved our capital structure for the near term by successfully extending the maturity and reducing both the principal and interest requirements of our debt,” said Paul I. Detwiler III, president and CEO, in a statement.
Energy workshop Monday
The Pennsylvania Technical Assistance Program will hold a workshop to educate businesses about how to save money by becoming more energy efficient from 8 a.m. to 4:30 p.m. Monday at the Penn Stater Hotel and Conference Center. The event had been scheduled for March 14.
The workshop is open to building operators, energy and facility managers, engineers and heating, ventilating and air conditioning technicians.
Walt Dinda, energy program specialist for the Office of Pollution Prevention and Energy Assistance from the state Department of Environmental Protection, will give the keynote address. The cost is $25. To register, go to penntap.psu.edu.
DBB recognized as leader
Doing Better Business Inc., Altoona, has been recognized by Photizo Group as a leader in managed print services.
DBB was one of 11 independent, channel partners around the world that Photizo Group selected to participate in the Leaders Index for MPS Channel Partners.
“To continue to be recognized on a global level by Photizo Group is such an honor for our MPS team,” said Debra Dellaposta, president of Doing Better Business Inc., in a statement. “Our focus is helping our customers to do better business.”
Donation aids breast health
The FirstEnergy Foundation has donated $10,000 to support the capital campaign for UPMC Altoona’s new Breast Health Center. The new Breast Health Center at UPMC Altoona’s Station Medical Center will promote efforts to reduce the above-average mortality rate from breast cancer in Blair and surrounding counties through additional staff, state-of-the-art equipment and facilities and additional patient outreach.
This effort has already increased the number of mammograms provided for area women by almost 20 percent in the hospital’s last fiscal year.
Bank declares dividend
Community Bankers’ Corporation of Indiana has declared a regular dividend for Shareholders of record on March 15.
The dividend will be 8.70 cents for each share of common stock owned by the shareholder, payable on March 31.
Community Bankersá Corporation is the parent company of the Marion Center Bank.