Author: sHq_LoGiNz

Biglari Capital: 18% decline in Jack in the Box Share Price after Q1 Earnings

Posted on by sHq_LoGiNz

Continued Deterioration of JACK’s Share Price and Operating Metrics Further Warrants Voting Against
the Election of David Goebel

SAN ANTONIO, Feb. 20, 2026 /PRNewswire/ — Biglari Capital Corp. (“Biglari Capital”), the largest shareholder of Jack in the Box Inc. (NasdaqGS: JACK) with a 9.86% ownership stake, today issued the following statement:

Disastrous Quarterly Results Confirm the Need for Urgent Action 

For any shareholder still weighing whether Chairman Goebel’s continued presence poses a real risk, JACK’s first-quarter fiscal 2026 earnings provide the answer — in case the last 17 years were not convincing enough. The results are terrible by any measure:

  • Same-store sales declined 6.7% systemwide, a sharp deterioration from the 0.4% gain in the same period last year;
  • Adjusted EBITDA declined approx. 23% year over year; and the adjusted EBITDA margin fell to 19.5%, down 400 bps from the comparable period last year;
  • EPS from continuing operations fell to $0.75 — a decline of 54% from the same period last year.

JACK’s share price fell another 18% following the earnings announcement1.

We Believe JACK’s Board Is Incapable of Shifting Direction as Long as David Goebel Maintains Board Influence

We firmly believe these latest results are a direct consequence of the Board’s continued reliance on Mr. Goebel, whose tenure has already led to massive shareholder value destruction, declining profitability, and an increased risk of financial insolvency.  

Since Mr. Goebel joined JACK’s board in 20092:

  • Shareholders have lost over $800 million in market value;
  • Meanwhile, Mr. Goebel has collected over $3.7 million in total compensation.

The value destruction is even higher since Mr. Goebel became chairman of the board in June 20203:

  • Shareholders have lost over $1.2 billion in market value;
  • Meanwhile, Mr. Goebel has collected over $1.8 million in total compensation.

Given Mr. Goebel’s disastrous performance, no true owner would approve of spending $5 million4 to defend his failed leadership and directorship. 

One more year of Mr. Goebel’s leadership could cause irreparable harm. 

The latest earnings report is an ominous warning sign for JACK and compelling proof of why JACK needs to move away from Mr. Goebel’s influence now. 

Today’s share price is all the evidence that shareholders need to vote AGAINST Mr. Goebel, as waiting another year might just be too late. 

We urge ALL shareholders to vote AGAINST the re-election of 
David Goebel at the upcoming annual meeting.

If you have already voted your shares, you can still change your vote. Only your last dated vote counts.

Contact: info@saratogaproxy.com
                www.saratogaproxy.com/JACK

1Source: FactSet. Based on change in share price from Feb. 18, 2026 to Feb. 19, 2026
2Source: Company SEC filings. FactSet, Change in market value from Dec. 16, 2008 to Feb. 18, 2026
3Source: Company SEC filings. FactSet, Change in market value from Jun. 15, 2020 to Feb. 18, 2026
4Source: Cost of proxy solicitation by JACK according to the Company’s SEC filings

Cision View original content:https://www.prnewswire.com/news-releases/biglari-capital-18-decline-in-jack-in-the-box-share-price-after-q1-earnings-302693540.html

SOURCE Biglari Capital Corp.

Posted in UncategorizedTagged

From Apprentice to Teacher: Robert Collins on the Power of Paying It Forward

Posted on by sHq_LoGiNz

When Robert Collins walked into Trane Technologies’ Charlotte office for the first time in 1992, he had no idea what a centrifugal chiller was. Coming from a residential HVAC background, he quickly realized he had a lot to catch up on. “I thought I was pretty savvy with HVAC,” he recalls, “but when I got here, I realized how much more I had to learn.”

More than three decades later, Robert is now one of the expert technical trainers at Trane Technologies’ new state-of-the-art Advanced Technology Training Center (ATTC) in Davidson, North Carolina – a 45,199 square foot training center that’s capable of accommodating up to 4,500 students and delivering 108,000 training hours annually.

“It’s a great time to be at Trane Technologies. I love my job. I love doing what I do. For the past 33 years, I’ve worked with a lot of good people who helped me throughout my career, and now I’m looking forward to helping others in theirs.”

VIDEO: Building Careers and Community: Robert Collins on 30+ Years with Trane

A career built on mentorship

Like many of our technicians, Robert doesn’t see his career as having been built alone. In fact, he credits much of his success to his mentors and teachers. “There were some great people who were willing to teach me. We became personal friends.”

Those early experiences shaped how Robert viewed his work. “I’m a servant of people,” he says simply. “I just love helping people.” As he advanced to a team leader role in the Charlotte office, Robert oversaw a growing team of service technicians from just nine to over 60. But for him, leadership was never about hierarchy; it was about helping others grow. That belief is what ultimately led him to the new training center. “When I found out this facility was being built, I felt like it was my next natural step. It just seemed like where I needed to be,” he says. 

Teaching the next generation of HVAC technicians 

Robert started as an apprentice, literally sweeping the floors in Trane‘s Charlotte Sales and Service office. Today, he’s a technical trainer at the world’s most advanced HVAC training facility, a place where apprentices and seasoned technicians alike gain hands-on experience with both legacy and cutting-edge systems. “In this center, we’ll be teaching basic refrigeration and electricity, all the way up to working on a Centravac system,” Robert explains. “Technicians will be taught everything they need to know now along with new technology they’ll see more of in the future.”

But more than teaching talent about compressors and wiring diagrams, Robert is hoping to continue Trane Technologies’ culture of people-first leadership. “The biggest things I’ve learned here haven’t been to do with equipment. It’s to do with people,” he says. “I’ve learned to listen to others, understand their point of view and put myself in their shoes.”

Life beyond the technician job

This belief that people are the foundation of every successful system is what drives both Robert’s teaching and Trane Technologies’ continued investment in mentorship. As Holly Paeper, Trane Technologies’ president of Commercial HVAC Americas says, “The ATTC embodies what has always set Trane Technologies apart: the belief that systems are only as strong as the people behind them, and people are only as strong as the knowledge they share.”

Outside of work, Robert finds balance in family and the outdoors. He and his wife are proud new grandparents, and he often spends weekends fishing, boating or volunteering with organizations that introduce children and people with disabilities to nature. “I spend time with a lot of children, getting them into the outdoors and helping them understand what it’s like to be out in the woods, hunting and fishing.” he says.

The company’s commitment to work-life balance and community engagement helps make that possible. “Trane Technologies promotes that life-work balance,” Robert says.

Passing knowledge forward

Looking back, Robert can trace his career through the people who guided him — the mentors who became friends, the colleagues who became family. Now, standing at the entrance of the ATTC, he’s ready to do the same for others. “I had great people who taught me and helped me,” he says. “Now it’s my turn.”

Ready to make an impact? Explore careers with great potential at Trane Technologies.

Posted in UncategorizedTagged

From Apprentice to Teacher: Robert Collins on the Power of Paying It Forward

Posted on by sHq_LoGiNz

When Robert Collins walked into Trane Technologies’ Charlotte office for the first time in 1992, he had no idea what a centrifugal chiller was. Coming from a residential HVAC background, he quickly realized he had a lot to catch up on. “I thought I was pretty savvy with HVAC,” he recalls, “but when I got here, I realized how much more I had to learn.”

More than three decades later, Robert is now one of the expert technical trainers at Trane Technologies’ new state-of-the-art Advanced Technology Training Center (ATTC) in Davidson, North Carolina – a 45,199 square foot training center that’s capable of accommodating up to 4,500 students and delivering 108,000 training hours annually.

“It’s a great time to be at Trane Technologies. I love my job. I love doing what I do. For the past 33 years, I’ve worked with a lot of good people who helped me throughout my career, and now I’m looking forward to helping others in theirs.”

VIDEO: Building Careers and Community: Robert Collins on 30+ Years with Trane

A career built on mentorship

Like many of our technicians, Robert doesn’t see his career as having been built alone. In fact, he credits much of his success to his mentors and teachers. “There were some great people who were willing to teach me. We became personal friends.”

Those early experiences shaped how Robert viewed his work. “I’m a servant of people,” he says simply. “I just love helping people.” As he advanced to a team leader role in the Charlotte office, Robert oversaw a growing team of service technicians from just nine to over 60. But for him, leadership was never about hierarchy; it was about helping others grow. That belief is what ultimately led him to the new training center. “When I found out this facility was being built, I felt like it was my next natural step. It just seemed like where I needed to be,” he says. 

Teaching the next generation of HVAC technicians 

Robert started as an apprentice, literally sweeping the floors in Trane‘s Charlotte Sales and Service office. Today, he’s a technical trainer at the world’s most advanced HVAC training facility, a place where apprentices and seasoned technicians alike gain hands-on experience with both legacy and cutting-edge systems. “In this center, we’ll be teaching basic refrigeration and electricity, all the way up to working on a Centravac system,” Robert explains. “Technicians will be taught everything they need to know now along with new technology they’ll see more of in the future.”

But more than teaching talent about compressors and wiring diagrams, Robert is hoping to continue Trane Technologies’ culture of people-first leadership. “The biggest things I’ve learned here haven’t been to do with equipment. It’s to do with people,” he says. “I’ve learned to listen to others, understand their point of view and put myself in their shoes.”

Life beyond the technician job

This belief that people are the foundation of every successful system is what drives both Robert’s teaching and Trane Technologies’ continued investment in mentorship. As Holly Paeper, Trane Technologies’ president of Commercial HVAC Americas says, “The ATTC embodies what has always set Trane Technologies apart: the belief that systems are only as strong as the people behind them, and people are only as strong as the knowledge they share.”

Outside of work, Robert finds balance in family and the outdoors. He and his wife are proud new grandparents, and he often spends weekends fishing, boating or volunteering with organizations that introduce children and people with disabilities to nature. “I spend time with a lot of children, getting them into the outdoors and helping them understand what it’s like to be out in the woods, hunting and fishing.” he says.

The company’s commitment to work-life balance and community engagement helps make that possible. “Trane Technologies promotes that life-work balance,” Robert says.

Passing knowledge forward

Looking back, Robert can trace his career through the people who guided him — the mentors who became friends, the colleagues who became family. Now, standing at the entrance of the ATTC, he’s ready to do the same for others. “I had great people who taught me and helped me,” he says. “Now it’s my turn.”

Ready to make an impact? Explore careers with great potential at Trane Technologies.

Posted in UncategorizedTagged

From Apprentice to Teacher: Robert Collins on the Power of Paying It Forward

Posted on by sHq_LoGiNz

When Robert Collins walked into Trane Technologies’ Charlotte office for the first time in 1992, he had no idea what a centrifugal chiller was. Coming from a residential HVAC background, he quickly realized he had a lot to catch up on. “I thought I was pretty savvy with HVAC,” he recalls, “but when I got here, I realized how much more I had to learn.”

More than three decades later, Robert is now one of the expert technical trainers at Trane Technologies’ new state-of-the-art Advanced Technology Training Center (ATTC) in Davidson, North Carolina – a 45,199 square foot training center that’s capable of accommodating up to 4,500 students and delivering 108,000 training hours annually.

“It’s a great time to be at Trane Technologies. I love my job. I love doing what I do. For the past 33 years, I’ve worked with a lot of good people who helped me throughout my career, and now I’m looking forward to helping others in theirs.”

VIDEO: Building Careers and Community: Robert Collins on 30+ Years with Trane

A career built on mentorship

Like many of our technicians, Robert doesn’t see his career as having been built alone. In fact, he credits much of his success to his mentors and teachers. “There were some great people who were willing to teach me. We became personal friends.”

Those early experiences shaped how Robert viewed his work. “I’m a servant of people,” he says simply. “I just love helping people.” As he advanced to a team leader role in the Charlotte office, Robert oversaw a growing team of service technicians from just nine to over 60. But for him, leadership was never about hierarchy; it was about helping others grow. That belief is what ultimately led him to the new training center. “When I found out this facility was being built, I felt like it was my next natural step. It just seemed like where I needed to be,” he says. 

Teaching the next generation of HVAC technicians 

Robert started as an apprentice, literally sweeping the floors in Trane‘s Charlotte Sales and Service office. Today, he’s a technical trainer at the world’s most advanced HVAC training facility, a place where apprentices and seasoned technicians alike gain hands-on experience with both legacy and cutting-edge systems. “In this center, we’ll be teaching basic refrigeration and electricity, all the way up to working on a Centravac system,” Robert explains. “Technicians will be taught everything they need to know now along with new technology they’ll see more of in the future.”

But more than teaching talent about compressors and wiring diagrams, Robert is hoping to continue Trane Technologies’ culture of people-first leadership. “The biggest things I’ve learned here haven’t been to do with equipment. It’s to do with people,” he says. “I’ve learned to listen to others, understand their point of view and put myself in their shoes.”

Life beyond the technician job

This belief that people are the foundation of every successful system is what drives both Robert’s teaching and Trane Technologies’ continued investment in mentorship. As Holly Paeper, Trane Technologies’ president of Commercial HVAC Americas says, “The ATTC embodies what has always set Trane Technologies apart: the belief that systems are only as strong as the people behind them, and people are only as strong as the knowledge they share.”

Outside of work, Robert finds balance in family and the outdoors. He and his wife are proud new grandparents, and he often spends weekends fishing, boating or volunteering with organizations that introduce children and people with disabilities to nature. “I spend time with a lot of children, getting them into the outdoors and helping them understand what it’s like to be out in the woods, hunting and fishing.” he says.

The company’s commitment to work-life balance and community engagement helps make that possible. “Trane Technologies promotes that life-work balance,” Robert says.

Passing knowledge forward

Looking back, Robert can trace his career through the people who guided him — the mentors who became friends, the colleagues who became family. Now, standing at the entrance of the ATTC, he’s ready to do the same for others. “I had great people who taught me and helped me,” he says. “Now it’s my turn.”

Ready to make an impact? Explore careers with great potential at Trane Technologies.

Posted in UncategorizedTagged

Approved Oil Confirms Renewable Diesel Reliability During One of NYC’s Coldest Winters in Over Six Decades

Posted on by sHq_LoGiNz

BROOKLYN, N.Y., Feb. 20, 2026 /PRNewswire/ — Approved Oil Company of Brooklyn, Inc. today reported the successful performance of renewable diesel (RD) supplied to New York City agencies throughout one of the most severe winter periods the region has experienced in more than 65 years, including RD-powered operations of the New York City Department of Sanitation (DSNY).

The update follows Approved’s initial announcement several years ago supporting New York City’s adoption of renewable diesel as a lower-carbon alternative to ultra-low sulfur diesel (ULSD) under City procurement and climate initiatives. This winter’s sustained sub-freezing temperatures provided an unprecedented real-world operational test of RD-powered municipal fleets and equipment at scale.

Despite prolonged cold weather, elevated demand, and challenging logistics conditions, renewable diesel supplied by Approved powered DSNY snow response, collection vehicles, and critical sanitation equipment without interruption, with no weather-related fuel disruptions reported.

“This winter was a real-world validation of renewable diesel under extreme conditions,” said Vincent Theurer, CEO & President of Approved Oil. “From both a procurement and operations standpoint, RD performed exactly as required — delivering emissions reductions while maintaining the reliability and resiliency essential to City operations.”

Approved’s performance was supported by dedicated staff working around the clock, more than 75 drivers and operations personnel, and an exceptional terminal management team maintaining continuous supply across three states.

In addition to supplying renewable diesel, Approved successfully managed significantly increased demand driven by natural gas supply constraints and power interruptions, supporting some of New York City’s largest and most critical facilities — including major hospitals, universities, and large-scale residential complexes, as well as other mission-critical residential and commercial properties.

Approved Oil continues to support New York City and other public-sector customers with renewable diesel, ULSD, and blended fuel solutions, while expanding infrastructure and supply capabilities to meet growing demand across municipal, transportation, and industrial sectors.

About Approved Oil Company of Brooklyn, Inc.

Approved Oil Company of Brooklyn, Inc. is a leading supplier of transportation and heating fuels serving New York City and the Northeast. With decades of experience supporting municipal and commercial customers, Approved provides ULSD, biodiesel blends, and renewable diesel solutions designed to meet stringent performance, procurement, and sustainability requirements.


Extreme cold demands extreme reliability. Our renewable deliveries perform when it matters most.


When the temperature drops, our commitment doesn’t.


Snow on the ground. Renewable energy on the move. Winter doesn’t slow sustainability.


Cold weather. Warm buildings. Clean fuel delivered without compromise.


Decarbonizing the Northeast, one snowy mile at a time.


(PRNewsfoto/Approved Oil Company)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/approved-oil-confirms-renewable-diesel-reliability-during-one-of-nycs-coldest-winters-in-over-six-decades-302692992.html

SOURCE Approved Oil Company

Posted in UncategorizedTagged

Approved Oil Confirms Renewable Diesel Reliability During One of NYC’s Coldest Winters in Over Six Decades

Posted on by sHq_LoGiNz

BROOKLYN, N.Y., Feb. 20, 2026 /PRNewswire/ — Approved Oil Company of Brooklyn, Inc. today reported the successful performance of renewable diesel (RD) supplied to New York City agencies throughout one of the most severe winter periods the region has experienced in more than 65 years, including RD-powered operations of the New York City Department of Sanitation (DSNY).

The update follows Approved’s initial announcement several years ago supporting New York City’s adoption of renewable diesel as a lower-carbon alternative to ultra-low sulfur diesel (ULSD) under City procurement and climate initiatives. This winter’s sustained sub-freezing temperatures provided an unprecedented real-world operational test of RD-powered municipal fleets and equipment at scale.

Despite prolonged cold weather, elevated demand, and challenging logistics conditions, renewable diesel supplied by Approved powered DSNY snow response, collection vehicles, and critical sanitation equipment without interruption, with no weather-related fuel disruptions reported.

“This winter was a real-world validation of renewable diesel under extreme conditions,” said Vincent Theurer, CEO & President of Approved Oil. “From both a procurement and operations standpoint, RD performed exactly as required — delivering emissions reductions while maintaining the reliability and resiliency essential to City operations.”

Approved’s performance was supported by dedicated staff working around the clock, more than 75 drivers and operations personnel, and an exceptional terminal management team maintaining continuous supply across three states.

In addition to supplying renewable diesel, Approved successfully managed significantly increased demand driven by natural gas supply constraints and power interruptions, supporting some of New York City’s largest and most critical facilities — including major hospitals, universities, and large-scale residential complexes, as well as other mission-critical residential and commercial properties.

Approved Oil continues to support New York City and other public-sector customers with renewable diesel, ULSD, and blended fuel solutions, while expanding infrastructure and supply capabilities to meet growing demand across municipal, transportation, and industrial sectors.

About Approved Oil Company of Brooklyn, Inc.

Approved Oil Company of Brooklyn, Inc. is a leading supplier of transportation and heating fuels serving New York City and the Northeast. With decades of experience supporting municipal and commercial customers, Approved provides ULSD, biodiesel blends, and renewable diesel solutions designed to meet stringent performance, procurement, and sustainability requirements.


Extreme cold demands extreme reliability. Our renewable deliveries perform when it matters most.


When the temperature drops, our commitment doesn’t.


Snow on the ground. Renewable energy on the move. Winter doesn’t slow sustainability.


Cold weather. Warm buildings. Clean fuel delivered without compromise.


Decarbonizing the Northeast, one snowy mile at a time.


(PRNewsfoto/Approved Oil Company)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/approved-oil-confirms-renewable-diesel-reliability-during-one-of-nycs-coldest-winters-in-over-six-decades-302692992.html

SOURCE Approved Oil Company

Posted in UncategorizedTagged

Approved Oil Confirms Renewable Diesel Reliability During One of NYC’s Coldest Winters in Over Six Decades

Posted on by sHq_LoGiNz

BROOKLYN, N.Y., Feb. 20, 2026 /PRNewswire/ — Approved Oil Company of Brooklyn, Inc. today reported the successful performance of renewable diesel (RD) supplied to New York City agencies throughout one of the most severe winter periods the region has experienced in more than 65 years, including RD-powered operations of the New York City Department of Sanitation (DSNY).

The update follows Approved’s initial announcement several years ago supporting New York City’s adoption of renewable diesel as a lower-carbon alternative to ultra-low sulfur diesel (ULSD) under City procurement and climate initiatives. This winter’s sustained sub-freezing temperatures provided an unprecedented real-world operational test of RD-powered municipal fleets and equipment at scale.

Despite prolonged cold weather, elevated demand, and challenging logistics conditions, renewable diesel supplied by Approved powered DSNY snow response, collection vehicles, and critical sanitation equipment without interruption, with no weather-related fuel disruptions reported.

“This winter was a real-world validation of renewable diesel under extreme conditions,” said Vincent Theurer, CEO & President of Approved Oil. “From both a procurement and operations standpoint, RD performed exactly as required — delivering emissions reductions while maintaining the reliability and resiliency essential to City operations.”

Approved’s performance was supported by dedicated staff working around the clock, more than 75 drivers and operations personnel, and an exceptional terminal management team maintaining continuous supply across three states.

In addition to supplying renewable diesel, Approved successfully managed significantly increased demand driven by natural gas supply constraints and power interruptions, supporting some of New York City’s largest and most critical facilities — including major hospitals, universities, and large-scale residential complexes, as well as other mission-critical residential and commercial properties.

Approved Oil continues to support New York City and other public-sector customers with renewable diesel, ULSD, and blended fuel solutions, while expanding infrastructure and supply capabilities to meet growing demand across municipal, transportation, and industrial sectors.

About Approved Oil Company of Brooklyn, Inc.

Approved Oil Company of Brooklyn, Inc. is a leading supplier of transportation and heating fuels serving New York City and the Northeast. With decades of experience supporting municipal and commercial customers, Approved provides ULSD, biodiesel blends, and renewable diesel solutions designed to meet stringent performance, procurement, and sustainability requirements.


Extreme cold demands extreme reliability. Our renewable deliveries perform when it matters most.


When the temperature drops, our commitment doesn’t.


Snow on the ground. Renewable energy on the move. Winter doesn’t slow sustainability.


Cold weather. Warm buildings. Clean fuel delivered without compromise.


Decarbonizing the Northeast, one snowy mile at a time.


(PRNewsfoto/Approved Oil Company)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/approved-oil-confirms-renewable-diesel-reliability-during-one-of-nycs-coldest-winters-in-over-six-decades-302692992.html

SOURCE Approved Oil Company

Posted in UncategorizedTagged

GLP China Holdings Limited: ANNOUNCEMENT OF THE RESULTS OF THE OFFER BY THE ISSUER TO THE HOLDERS OF ITS U.S.$700,000,000 2.95 PER CENT. NOTES DUE 2026 (ISIN: XS2314779427; Common Code: 231477942) (Stock Code: 40629) (the “Notes”)

Posted on by sHq_LoGiNz

HONG KONG, Feb. 20, 2026 /PRNewswire/ — Reference is made to the announcement of the Issuer dated 5 February 2026 (the “Announcement“) in relation to the invitation by the Issuer to Noteholders to tender for cash any and all of the outstanding Notes (the “Offer“) on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 5 February 2026 (the “Tender Offer Memorandum“). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum and the Announcement, as the case may be.

On 12 February 2026, GLP Pte. Ltd., the parent and controlling shareholder of the Issuer, successfully settled the issuance of additional U.S. dollar-denominated senior notes due 2028 (consolidated and forming a single series with the U.S.$500,000,000 9.75 per cent. Senior Notes due 2028 issued on 20 May 2025) and accordingly the New Financing Condition has been satisfied.

The Offer expired at 5:00 p.m. (New York City time) on 19 February 2026 (the “Expiration Deadline“).

As at the Expiration Deadline, U.S.$456,077,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer. None of the Notes were validly tendered pursuant to the Guaranteed Delivery Procedures. All Notes validly tendered and not validly withdrawn pursuant to the Offer have been accepted for purchase, and will be paid for, by the Issuer.

The Settlement Date in respect of the Offer is expected to be on or around 24 February 2026, when payment of the Purchase Price and Accrued Interest will be made for Notes that had been validly tendered on or before the Expiration Deadline and not validly withdrawn and accepted for purchase by the Issuer.

GENERAL

Full terms and conditions of the Offer are set forth in the Tender Offer Memorandum. The Tender Offer Memorandum and all documents related to the Offer can be found on the Transaction Website, subject to eligibility confirmation and registration: https://projects.sodali.com/glpchina. 

The Issuer has appointed Morgan Stanley Asia Limited to act as Dealer Manager in relation to the Offer, and the Issuer has appointed Sodali & Co Limited to act as the mailto:glpchina@investor.sodali.comTender and Information Agent in relation to the Offer. Noteholders who have questions in relation to the Offer may contact Morgan Stanley Asia Limited (Telephone: +852 2848 5200; Email: asia_gcm_lm@morganstanley.com; Attention: Project Alpha 2026 Deal Team).

Noteholders who have questions in relation to the delivery of Tender Instructions or wish to obtain copies of the documents relating to the Tender Offer may contact Sodali & Co Limited (Email: glpchina@investor.sodali.com; Telephone: +44 204 513 6933 (London) / +852 2319 4130 (Hong Kong) / +1 203 658 9457 (Stamford)).

If any Noteholder is in any doubt as to the contents of the Tender Offer Memorandum or the action it should take or is unsure of the impact of the Offer, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. None of the Issuer, the Dealer Manager or the Tender and Information Agent (or any of their respective directors, officers, employees, agents or affiliates) is providing Noteholders with any financial, legal, business, tax or other advice in the Tender Offer Memorandum.

Hong Kong, 20 February 2026

As at the date of this announcement, the directors of the Issuer are Ming Z. Mei, Teresa Zhuge, Higashi Michihiro, Nicholas Johnson, Mark Tan and Fenglei Fang.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement is for information purposes only and is not an offer to purchase and does not constitute an invitation or solicitation to sell any securities.

This announcement and the Tender Offer Memorandum (as defined herein) do not constitute an invitation to participate in the Offer (as defined herein) in or from any jurisdiction in or from which, or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement and the distribution of the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Issuer and the Dealer Manager (as defined herein), to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Dealer Manager or by the Issuer. Please refer to ”Offer and Distribution Restrictions” in the Tender Offer Memorandum for further details.

 

Cision View original content:https://www.prnewswire.com/news-releases/glp-china-holdings-limited-announcement-of-the-results-of-the-offer-by-the-issuer-to-the-holders-of-its-us700-000-000-2-95-per-cent-notes-due-2026-isin-xs2314779427-common-code-231477942-stock-code-40629-the-notes-302693545.html

SOURCE GLP China Holdings Limited

Posted in UncategorizedTagged

GLP China Holdings Limited: ANNOUNCEMENT OF THE RESULTS OF THE OFFER BY THE ISSUER TO THE HOLDERS OF ITS U.S.$700,000,000 2.95 PER CENT. NOTES DUE 2026 (ISIN: XS2314779427; Common Code: 231477942) (Stock Code: 40629) (the “Notes”)

Posted on by sHq_LoGiNz

HONG KONG, Feb. 20, 2026 /PRNewswire/ — Reference is made to the announcement of the Issuer dated 5 February 2026 (the “Announcement“) in relation to the invitation by the Issuer to Noteholders to tender for cash any and all of the outstanding Notes (the “Offer“) on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 5 February 2026 (the “Tender Offer Memorandum“). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum and the Announcement, as the case may be.

On 12 February 2026, GLP Pte. Ltd., the parent and controlling shareholder of the Issuer, successfully settled the issuance of additional U.S. dollar-denominated senior notes due 2028 (consolidated and forming a single series with the U.S.$500,000,000 9.75 per cent. Senior Notes due 2028 issued on 20 May 2025) and accordingly the New Financing Condition has been satisfied.

The Offer expired at 5:00 p.m. (New York City time) on 19 February 2026 (the “Expiration Deadline“).

As at the Expiration Deadline, U.S.$456,077,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer. None of the Notes were validly tendered pursuant to the Guaranteed Delivery Procedures. All Notes validly tendered and not validly withdrawn pursuant to the Offer have been accepted for purchase, and will be paid for, by the Issuer.

The Settlement Date in respect of the Offer is expected to be on or around 24 February 2026, when payment of the Purchase Price and Accrued Interest will be made for Notes that had been validly tendered on or before the Expiration Deadline and not validly withdrawn and accepted for purchase by the Issuer.

GENERAL

Full terms and conditions of the Offer are set forth in the Tender Offer Memorandum. The Tender Offer Memorandum and all documents related to the Offer can be found on the Transaction Website, subject to eligibility confirmation and registration: https://projects.sodali.com/glpchina. 

The Issuer has appointed Morgan Stanley Asia Limited to act as Dealer Manager in relation to the Offer, and the Issuer has appointed Sodali & Co Limited to act as the mailto:glpchina@investor.sodali.comTender and Information Agent in relation to the Offer. Noteholders who have questions in relation to the Offer may contact Morgan Stanley Asia Limited (Telephone: +852 2848 5200; Email: asia_gcm_lm@morganstanley.com; Attention: Project Alpha 2026 Deal Team).

Noteholders who have questions in relation to the delivery of Tender Instructions or wish to obtain copies of the documents relating to the Tender Offer may contact Sodali & Co Limited (Email: glpchina@investor.sodali.com; Telephone: +44 204 513 6933 (London) / +852 2319 4130 (Hong Kong) / +1 203 658 9457 (Stamford)).

If any Noteholder is in any doubt as to the contents of the Tender Offer Memorandum or the action it should take or is unsure of the impact of the Offer, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. None of the Issuer, the Dealer Manager or the Tender and Information Agent (or any of their respective directors, officers, employees, agents or affiliates) is providing Noteholders with any financial, legal, business, tax or other advice in the Tender Offer Memorandum.

Hong Kong, 20 February 2026

As at the date of this announcement, the directors of the Issuer are Ming Z. Mei, Teresa Zhuge, Higashi Michihiro, Nicholas Johnson, Mark Tan and Fenglei Fang.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement is for information purposes only and is not an offer to purchase and does not constitute an invitation or solicitation to sell any securities.

This announcement and the Tender Offer Memorandum (as defined herein) do not constitute an invitation to participate in the Offer (as defined herein) in or from any jurisdiction in or from which, or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement and the distribution of the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Issuer and the Dealer Manager (as defined herein), to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Dealer Manager or by the Issuer. Please refer to ”Offer and Distribution Restrictions” in the Tender Offer Memorandum for further details.

 

Cision View original content:https://www.prnewswire.com/news-releases/glp-china-holdings-limited-announcement-of-the-results-of-the-offer-by-the-issuer-to-the-holders-of-its-us700-000-000-2-95-per-cent-notes-due-2026-isin-xs2314779427-common-code-231477942-stock-code-40629-the-notes-302693545.html

SOURCE GLP China Holdings Limited

Posted in UncategorizedTagged

GLP China Holdings Limited: ANNOUNCEMENT OF THE RESULTS OF THE OFFER BY THE ISSUER TO THE HOLDERS OF ITS U.S.$700,000,000 2.95 PER CENT. NOTES DUE 2026 (ISIN: XS2314779427; Common Code: 231477942) (Stock Code: 40629) (the “Notes”)

Posted on by sHq_LoGiNz

HONG KONG, Feb. 20, 2026 /PRNewswire/ — Reference is made to the announcement of the Issuer dated 5 February 2026 (the “Announcement“) in relation to the invitation by the Issuer to Noteholders to tender for cash any and all of the outstanding Notes (the “Offer“) on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 5 February 2026 (the “Tender Offer Memorandum“). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum and the Announcement, as the case may be.

On 12 February 2026, GLP Pte. Ltd., the parent and controlling shareholder of the Issuer, successfully settled the issuance of additional U.S. dollar-denominated senior notes due 2028 (consolidated and forming a single series with the U.S.$500,000,000 9.75 per cent. Senior Notes due 2028 issued on 20 May 2025) and accordingly the New Financing Condition has been satisfied.

The Offer expired at 5:00 p.m. (New York City time) on 19 February 2026 (the “Expiration Deadline“).

As at the Expiration Deadline, U.S.$456,077,000 in aggregate principal amount of the Notes had been validly tendered pursuant to the Offer. None of the Notes were validly tendered pursuant to the Guaranteed Delivery Procedures. All Notes validly tendered and not validly withdrawn pursuant to the Offer have been accepted for purchase, and will be paid for, by the Issuer.

The Settlement Date in respect of the Offer is expected to be on or around 24 February 2026, when payment of the Purchase Price and Accrued Interest will be made for Notes that had been validly tendered on or before the Expiration Deadline and not validly withdrawn and accepted for purchase by the Issuer.

GENERAL

Full terms and conditions of the Offer are set forth in the Tender Offer Memorandum. The Tender Offer Memorandum and all documents related to the Offer can be found on the Transaction Website, subject to eligibility confirmation and registration: https://projects.sodali.com/glpchina. 

The Issuer has appointed Morgan Stanley Asia Limited to act as Dealer Manager in relation to the Offer, and the Issuer has appointed Sodali & Co Limited to act as the mailto:glpchina@investor.sodali.comTender and Information Agent in relation to the Offer. Noteholders who have questions in relation to the Offer may contact Morgan Stanley Asia Limited (Telephone: +852 2848 5200; Email: asia_gcm_lm@morganstanley.com; Attention: Project Alpha 2026 Deal Team).

Noteholders who have questions in relation to the delivery of Tender Instructions or wish to obtain copies of the documents relating to the Tender Offer may contact Sodali & Co Limited (Email: glpchina@investor.sodali.com; Telephone: +44 204 513 6933 (London) / +852 2319 4130 (Hong Kong) / +1 203 658 9457 (Stamford)).

If any Noteholder is in any doubt as to the contents of the Tender Offer Memorandum or the action it should take or is unsure of the impact of the Offer, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser. None of the Issuer, the Dealer Manager or the Tender and Information Agent (or any of their respective directors, officers, employees, agents or affiliates) is providing Noteholders with any financial, legal, business, tax or other advice in the Tender Offer Memorandum.

Hong Kong, 20 February 2026

As at the date of this announcement, the directors of the Issuer are Ming Z. Mei, Teresa Zhuge, Higashi Michihiro, Nicholas Johnson, Mark Tan and Fenglei Fang.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

This announcement is for information purposes only and is not an offer to purchase and does not constitute an invitation or solicitation to sell any securities.

This announcement and the Tender Offer Memorandum (as defined herein) do not constitute an invitation to participate in the Offer (as defined herein) in or from any jurisdiction in or from which, or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement and the distribution of the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Issuer and the Dealer Manager (as defined herein), to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by the Dealer Manager or by the Issuer. Please refer to ”Offer and Distribution Restrictions” in the Tender Offer Memorandum for further details.

 

Cision View original content:https://www.prnewswire.com/news-releases/glp-china-holdings-limited-announcement-of-the-results-of-the-offer-by-the-issuer-to-the-holders-of-its-us700-000-000-2-95-per-cent-notes-due-2026-isin-xs2314779427-common-code-231477942-stock-code-40629-the-notes-302693545.html

SOURCE GLP China Holdings Limited

Posted in UncategorizedTagged
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