Tag: PR Newswire

SACRAMENTO, Calif., Feb. 20, 2026 /PRNewswire/ — Last night, the American Council of Engineering Companies of California (ACEC California) announced that Arup, Mott MacDonald and JCE Engineering won the prestigious Golden State Award for their work on the LAX/Metro Transit Center located at the Los Angeles International Airport, California (LAX).

The LAX/Metro Transit Center, which opened in June 2025, is a transformative multimodal hub connecting LAX to LA Metro’s rail and bus networks. Designed to accommodate over 45,900 daily boardings, the station enhances airport access and promotes equitable and sustainable travel options for residents and visitors. It provides an important step forward towards reducing private vehicle congestion at one of the world’s busiest airports.

Designed by international architecture practice Grimshaw, with architect of record and landscape architect Gruen Associates, and Arup, the transit center integrates advanced design and engineering to provide resilience in a seismically active region. Arup led the structural engineering design and provided multidisciplinary design including façade engineering, fire and life safety, sustainability, acoustics, lighting, security, IT systems, and pedestrian flow modeling. Mott MacDonald contributed track design, train control systems, overhead catenary systems, and civil structural engineering. Together, these firms delivered innovative solutions that ensure resilience, efficiency, and passenger comfort. JCE Structural Engineering Group provided structural engineering for all ancillary buildings in the project.

By improving access for residents and airport employees, the center reduces reliance on private vehicles, cutting traffic congestion and greenhouse gas emissions. Metro’s investment of over $150 million in small and diverse businesses underscored its commitment to inclusive economic growth and local job creation.

Passenger experience was a key priority for design. The station features spacious daylit concourses, intuitive wayfinding, digital signage, and real-time travel information to simplify connections. Accessibility enhancements including elevators, tactile paving, and dedicated areas for cyclists ensure that the hub serves travelers of all abilities. Integrated bike facilities and pedestrian-friendly design encourage active transportation.

The Transit Center is designed to achieve a LEED Gold rating. Sustainable measures include solar panels, native landscaping, and electric bus charging stations. California’s coastal climate also provided opportunities to rely on passive strategies for comfort, including shading, natural daylighting, and natural ventilation to reduce energy use.

This project represents a bold step toward a cleaner, connected Los Angeles. Linking regional transit with global air travel, the LAX/Metro Transit Center sets a new benchmark for equitable, future-proof infrastructure, delivering lasting benefits for the region, its communities and the millions who pass through each year.

Congratulations, Arup, Mott MacDonald and JCE Engineering, for capturing ACEC California’s 2026 Golden State Award!

Photographs of all Engineering Excellence Award-winning projects can be found at: 2026 Engineering Excellence Award Winners – American Council of Engineering Companies of California

About ACEC California
ACEC California is a 70 plus year-old, nonprofit association of private consulting engineering and land surveying firms. As a statewide organization, we are dedicated to enhancing the consulting engineering and land surveying professions, protecting the general public, and promoting use of the private sector in the growth and development of our state. Follow us on Social Media: Instagram | Facebook | X (Formerly Twitter) | LinkedIn 

View original content to download multimedia:https://www.prnewswire.com/news-releases/arup-mott-macdonald-and-jce-engineering-receive-acec-californias-top-award-for-the-laxmetro-transit-center-302693727.html

SOURCE American Council of Engineering Companies, California

Event follows multi-million-dollar gift from the Glazer family to AdventHealth Tampa

TAMPA, Fla., Feb. 20, 2026 /PRNewswire/ — Graduate medical education plays a critical role in ensuring communities have access to highly trained physicians and AdventHealth Tampa recently marked a major milestone in that purpose with the naming of the Glazer Center for Medical Education. The building was named in recognition of a multi-million-dollar gift from the Glazer family to the AdventHealth Tampa Foundation, continuing the family’s investment into the next generation of leaders throughout the Tampa Bay area.

According to the Florida Hospital Association, Florida is projected to face a shortage of about 36,000 physicians by 2035 if current training trends continue, a reality that highlights the urgency of expanding residency training and retaining physicians in the state. 

The newly named center serves as a hub for AdventHealth Tampa’s graduate medical education (GME) programs, training resident physicians across multiple specialties and strengthening the local physician pipeline.

“Graduate medical education is one of the most meaningful investments we can make in the long-term health of our community,” said Erik Wangsness, president/CEO of AdventHealth Tampa. “By training physicians here, we are expanding access to care, improving outcomes and helping ensure Tampa Bay has the physicians it needs.”

Members of the Glazer family observed resident physicians participating in advanced obstetrics and gynecology simulation training, where physicians practice managing complex deliveries, obstetric emergencies and patient-centered communication in a realistic, hands-on environment. These simulations allow physicians to refine clinical skills, strengthen teamwork and improve patient safety before providing care independently.

“Our family is committed to investing in the next generation, and we believe education is one of the most powerful ways to create lasting impact,” said Darcie Glazer Kassewitz, Tampa Bay Buccaneers Owner and Chairman of the Tampa Bay Buccaneers Foundation, Glazer Family Foundation and Glazer Vision Foundation. “Seeing firsthand how physicians are trained here reinforced why this work matters. The emphasis on preparation, compassion and whole-person care ensures families in our community will have access to skilled, confident physicians for years to come.”

The investment in the Glazer Center for Medical Education through the AdventHealth Tampa Foundation supports training environments and educational resources that benefit multiple graduate medical education programs at AdventHealth Tampa, including:

• Obstetrics and gynecology
• Internal medicine
• Family medicine
• General surgery
• Transitional year (preliminary internship)

Physicians who complete residency training locally are more likely to remain in the region, helping expand access to care and strengthen continuity for patients across Tampa Bay.

“Philanthropy allows us to advance how physicians are trained and how care is delivered,” said Kristen Mccall, president of AdventHealth Foundation West Florida. “The Glazer Family Foundation’s support directly impacts patients by helping prepare the next generation of physicians with the skills, confidence and compassion needed to care for our community.”

Learn more about the ways the Glazer Family is dedicated to improving lives through community, health, and education initiatives here.

View original content to download multimedia:https://www.prnewswire.com/news-releases/adventhealth-tampa-names-glazer-center-for-medical-education-to-support-future-physician-workforce-302693638.html

SOURCE AdventHealth West Florida Division

Event follows multi-million-dollar gift from the Glazer family to AdventHealth Tampa

TAMPA, Fla., Feb. 20, 2026 /PRNewswire/ — Graduate medical education plays a critical role in ensuring communities have access to highly trained physicians and AdventHealth Tampa recently marked a major milestone in that purpose with the naming of the Glazer Center for Medical Education. The building was named in recognition of a multi-million-dollar gift from the Glazer family to the AdventHealth Tampa Foundation, continuing the family’s investment into the next generation of leaders throughout the Tampa Bay area.

According to the Florida Hospital Association, Florida is projected to face a shortage of about 36,000 physicians by 2035 if current training trends continue, a reality that highlights the urgency of expanding residency training and retaining physicians in the state. 

The newly named center serves as a hub for AdventHealth Tampa’s graduate medical education (GME) programs, training resident physicians across multiple specialties and strengthening the local physician pipeline.

“Graduate medical education is one of the most meaningful investments we can make in the long-term health of our community,” said Erik Wangsness, president/CEO of AdventHealth Tampa. “By training physicians here, we are expanding access to care, improving outcomes and helping ensure Tampa Bay has the physicians it needs.”

Members of the Glazer family observed resident physicians participating in advanced obstetrics and gynecology simulation training, where physicians practice managing complex deliveries, obstetric emergencies and patient-centered communication in a realistic, hands-on environment. These simulations allow physicians to refine clinical skills, strengthen teamwork and improve patient safety before providing care independently.

“Our family is committed to investing in the next generation, and we believe education is one of the most powerful ways to create lasting impact,” said Darcie Glazer Kassewitz, Tampa Bay Buccaneers Owner and Chairman of the Tampa Bay Buccaneers Foundation, Glazer Family Foundation and Glazer Vision Foundation. “Seeing firsthand how physicians are trained here reinforced why this work matters. The emphasis on preparation, compassion and whole-person care ensures families in our community will have access to skilled, confident physicians for years to come.”

The investment in the Glazer Center for Medical Education through the AdventHealth Tampa Foundation supports training environments and educational resources that benefit multiple graduate medical education programs at AdventHealth Tampa, including:

• Obstetrics and gynecology
• Internal medicine
• Family medicine
• General surgery
• Transitional year (preliminary internship)

Physicians who complete residency training locally are more likely to remain in the region, helping expand access to care and strengthen continuity for patients across Tampa Bay.

“Philanthropy allows us to advance how physicians are trained and how care is delivered,” said Kristen Mccall, president of AdventHealth Foundation West Florida. “The Glazer Family Foundation’s support directly impacts patients by helping prepare the next generation of physicians with the skills, confidence and compassion needed to care for our community.”

Learn more about the ways the Glazer Family is dedicated to improving lives through community, health, and education initiatives here.

View original content to download multimedia:https://www.prnewswire.com/news-releases/adventhealth-tampa-names-glazer-center-for-medical-education-to-support-future-physician-workforce-302693638.html

SOURCE AdventHealth West Florida Division

The Distinguished Service Award was presented to Sikes at the 2026 Texas Realtors Winter Meeting

AUSTIN, Texas, Feb. 20, 2026 /PRNewswire/ — At its 2026 Winter Meeting, Texas Realtors presented Lubbock-based Realtor Winn Sikes with its Distinguished Service Award for her lifelong commitment to the real estate industry and her community. The award recognizes outstanding Realtors with a record of at least 25 years of service and civic participation in the state.

“For decades, Winn has embodied what it is to truly serve the Realtor profession with class, honor, grace, and unwavering passion,” said Jennifer Wauhob, Chairman of Texas Realtors. “She has given her time, leadership, and wisdom to strengthen our profession, advocate for property rights, and mentor generations of Realtors. Her impact is both lasting and far-reaching.”

Since her real estate career began in 1977, Sikes has dedicated countless hours to committees and task forces, progressing through every level of local association leadership. During her time as president of the Lubbock association, she helped introduce the organization’s first lockbox system, a bold and forward-thinking innovation that permanently changed how real estate business is conducted.

A passionate advocate for political investment, Sikes is a member of the RPAC Hall of Fame at the $25,000 level and is well known for her belief that protecting the profession requires active engagement in the political process. She continues to serve faithfully on the Governmental Affairs/TREPAC Committee and leads the annual phone bank, remaining a trusted and familiar presence to leaders at the local, state, and national levels.

Sikes commented, “I am deeply honored to receive this recognition from Texas Realtors. The real estate industry has given me so much over the years, and I have always believed that the best way to give back is to stay involved, serve others, and help strengthen our profession for the future.”

About Texas REALTORS®
With more than 145,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.

CONTACT
David Gibbs
Hahn Agency
david.gibbs@hahn.agency

View original content to download multimedia:https://www.prnewswire.com/news-releases/realtor-winn-sikes-honored-for-lifetime-of-texas-service-302693174.html

SOURCE Texas Realtors

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

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.

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.

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

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.

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

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.

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

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.

 

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

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.

 

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SOURCE GLP China Holdings Limited