Mediaboss Marketing

PRESS RELEASE: First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy

DGAP-News: First Sensor AG / Key word(s): Miscellaneous First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy

17.12.2013 / 17:16

=--------------------------------------------------------------------

Press release

First Sensor AG Peter-Behrens-Str. 15 12459 Berlin, Germany

First Sensor's Shares: ISIN DE0007201907 ? WKN (German Securities Identification Number) 720190

First Sensor Optimizes Financial Flexibility for Growth Strategy

Berlin, December 17, 2013 - First Sensor, the leading provider of high-quality, customer-specific sensor solutions, is securing and optimizing its financial position ahead of the implementation of the planned growth strategy. On December 17, 2013, the stock company successfully placed promissory note loans totaling EUR31.0 million. The promissory note loans replace the syndicated loan of around EUR29 million, which had been in place since 2011, in full.

For First Sensor AG, the negotiations with financing partners prioritized the greatest possible business freedom and greater term security. The conversion of the existing syndicated loan into promissory note loans offers the Group an array of advantages:

Read more from the original source:
PRESS RELEASE: First Sensor AG: First Sensor Optimizes Financial Flexibility for Growth Strategy

Financial firm announces $135M Sept. 11 settlement Associated Press (Published: 17-Dec 2013 12:47 PM, Received: 12:47:42 PM) Word Count: 514 NEW YORK (AP) Financial services firm Cantor Fitzgerald, which lost nearly two-thirds of its employees in the Sept. 11, 2001 attacks against the U.S., revealed a $135 million settlement with American Airlines and insurance carriers Tuesday to a judge who said the deal will end the final airplane-focused case resulting from claims of wrongful death and personal injuries.

The agreement averts a trial scheduled for next month, which means there will be no airing of such questions as how terrorists got through security, the best way to stop terrorists, whether there was really wrongdoing and negligence and how best to preserve liberties amid such threats, U.S. District Judge Alvin K. Hellerstein said.

"All this will remain a mystery," he said.

Calling the settlement a significant conclusion after 12 years of litigation that resulted in scores of settlements and not a single trial involving airlines, the judge said, "Hopefully what was achieved was a measure of justice, a measure of reparation and closure."

He added, "But the lives that were lost were irreparable and being irreparable, there now are no words to describe that loss."

The deal was announced by Cantor Fitzgerald attorney John Stoviak, who said money from various insurers is already in escrow and ready to be paid out pending formal approval by the court at or after a Jan. 13 hearing.

Afterward, Cantor Fitzgerald Chairman and Chief Executive Officer Howard W. Lutnick said in a statement that the case for insurance companies "was just another case, just another settlement, but not for us."

Lutnick, whose brother Gary was killed in the attacks, added: "We could never, and will never, consider it ordinary. For us, there is no way to describe this compromise with inapt words like ordinary, fair or reasonable. All we can say is that the legal formality of this matter is over."

Cantor Fitzgerald lost 658 of its 1,000 people in its New York workforce when the 101st through 105th floors of its One World Trade Center headquarters were destroyed when terrorists struck the tower. Howard Lutnick was not in the office.

American Airlines spokesman Sean Collins said in a statement American had "vigorously defended itself in litigation brought against it by property owners and their insurers who allege that American should have done what the government could not do: prevent the terrorist attacks."

Go here to see the original:
Cantor Fitzgerald Settles Suit

Jesus Jones -- Come On Home (From the DVD #39;Live At The Marquee #39;)
This is the track #39;Come On Home #39; taken from the Secret Records DVD #39;Jesus Jones -- Live At The Marquee #39;. This concert was recorded at the London, Marquee and...

By: Secret Records Limited

See the rest here:
Jesus Jones -- Come On Home (From the DVD 'Live At The Marquee') - Video

Jesus Jones -- All The Answers (From the DVD #39;Live At The Marquee #39;)
This is the track #39;All The Answers #39; taken from the Secret Records DVD #39;Jesus Jones -- Live At The Marquee #39;. This concert was recorded at the London, Marquee ...

By: Secret Records Limited

Go here to read the rest:
Jesus Jones -- All The Answers (From the DVD 'Live At The Marquee') - Video

Jesus Jones -- Are You Satisfied (From the DVD #39;Live At The Marquee #39;)
This is the track #39;Are You Satisfied #39; taken from the Secret Records DVD #39;Jesus Jones -- Live At The Marquee #39;. This concert was recorded at the London, Marque...

By: Secret Records Limited

Read more:
Jesus Jones -- Are You Satisfied (From the DVD 'Live At The Marquee') - Video