28.8 C
Vientiane
Wednesday, May 14, 2025
spot_img
Home Blog Page 104

Miral announces record-breaking visitation on Yas Island and Saadiyat Island in 2024

Yas Island recorded over 38 million visits while Saadiyat Island saw a 10% increase in visitation compared to 2023, announced during Arabian Travel Market 2025

ABU DHABI, UAE, April 29, 2025 /PRNewswire/ — Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, announced remarkable achievements in visitation numbers in 2024 across Yas Island and Saadiyat Island, experiencing significant growth while setting new records.

To view the Multimedia News Release, please click:  
https://www.multivu.com/miral/9332751-en-announces-record-breaking-visitation-yas-island-saadiyat-island-2024

Highlighted during Arabian Travel Market 2025, Yas Island recorded over 38 million visits in 2024, a notable 10% increase compared to 2023. Achieving their highest performance since 2019, Yas Island hotels’ occupancy reached 82% peaking up to 90% in August 2024; an annual 9% growth in hotel occupancy alongside a 17% increase in the average daily rate (ADR) compared to 2023. Similarly, Saadiyat Island saw a 10% visitation growth across its hotels and museums compared to 2023.

Dr. Mohamed Abdalla Al Zaabi, Group CEO of Miral, said, “These exceptional results are testament to our commitment to contributing to the achievement of Abu Dhabi’s vision of becoming a leading global destination, in alignment with the Emirate’s Tourism Strategy and broader ambitions for sustainable growth and economic diversification.”  He added, “through the development of world-class destinations and immersive experiences, we are not only attracting visitors from around the world but also creating joyful moments that leave a lasting impact. The continued success of Yas Island and Saadiyat Island stands as a powerful testament to the strength of our strategic partnerships and our shared dedication to elevating Abu Dhabi’s global appeal.”

Yas Island’s theme parks and CLYMB™ saw an impressive 20% rise in visitation alongside an astonishing 56% increase in visitation from the GCC compared to the previous year. Meanwhile, international visits to the theme parks also saw significant growth, with a 40%, rise, led by a substantial increase from key markets, including India (+44%), China (+81%), the UK (+40%), and Russia (+29%).

The destination also experienced a 10% attendance increase for its consumer events in 2024, bolstering its position as a leading destination for world-class events. This impressive growth was led by a year-round calendar of world-class concerts, performances, and family and sports events, including Diljit Dosanjh’s Dil-Luminati Tour, Wireless Festival Middle East, UFC, NBA, Formula 1® Etihad Airways Abu Dhabi Grand Prix, Disney on Ice, Abu Dhabi Comedy Week, the Backstreet Boys, among many others. The year also saw the regional debuts of hit musicals, Hamilton, Life of Pi, Matilda and Chicago.

Moreover, Yas Island is rapidly growing into a key destination for corporate events and conferences, recording a 17% increase in business events and conferences in 2024 with a 7% increase in room nights compared to 2023. As part of its efforts to further bolster this segment’s growth, Miral announced the development of the Yas Island Metaverse in partnership with e& enterprise, the digital transformation arm of e&. The project leverages cutting-edge metaverse technologies to exhibit business event venues along with attractions and experiences on Yas Island in a comprehensive virtual experience.

Saadiyat Island continues to attract visitors seeking an elevated blend of cultural immersion and leisure, achieving a remarkable 74% hotel occupancy in 2024, alongside a 14% increase in the average daily rate (ADR) compared to 2023. The destination also experienced prominent visitation growth from key markets, including a 11% growth from UK, 30% growth from India and 58% growth from China, further solidifying its position as a leading beach, nature and cultural destination.

Several exciting developments on Yas Island are set to reach completion in 2025, including the first phase of the 16,900 sqm expansion of Yas Waterworld Yas Island, Abu Dhabi, set to open this summer 2025, with 12 new rides and experiences. Additionally, the 560m beachfront development at Yas Bay will serve as an addition to leisure and lifestyle experiences at Yas Bay Waterfront. Furthermore, Warner Bros. World™ Yas Island, Abu Dhabi is set to significantly expand its footprint in the coming years with new DC attractions, the highly anticipated Wizarding World of Harry Potter, as well as two additional rides, building on the theme park’s immersive and action-packed experiences.

The Natural History Museum Abu Dhabi, anticipated to be the largest of its kind in the region, is set for completion towards the end of 2025 and will offer visitors a fascinating journey through the history of the natural world. Meanwhile, teamLab Phenomena Abu Dhabi welcomed its first guests at Saadiyat Cultural District on Saadiyat Island on April 18. The 17,000 sqm multi-sensory art experience was developed in partnership with the Department of Culture and Tourism – Abu Dhabi and Japanese art collective, teamLab and is operated by Miral Experiences.

Additionally, Yas Island and Saadiyat Island received over 190 awards and recognitions in 2024, bolstering their positions as leading destinations. Yas Island achieved over 175 accolades while Saadiyat Island earned over 20 prestigious accolades.

Responsible for the destination management of Yas Island and overseeing Saadiyat Island’s destination management strategy, Miral’s portfolio of world-class experiences and destinations aim to significantly contribute to the economic growth of Abu Dhabi and the UAE, boosting tourism revenue while creating employment opportunities. This aligns with the ambitions of Abu Dhabi’s Tourism Strategy 2030 to attract 39.3 million visitors, create 178,000 new jobs and increase the tourism sector’s contribution to the UAE’s GDP to AED 90 billion annually by 2030.

Video – https://mma.prnewswire.com/media/2674861/Miral_Hero_Video.mp4
Photo – https://laotiantimes.com/wp-content/uploads/2025/04/miral_yi_and_si_visitation.jpg

 

YI&SI Visitation
YI&SI Visitation

 

 

 

Miral announces record-breaking visitation on Yas Island and Saadiyat Island in 2024

Yas Island recorded over 38 million visits while Saadiyat Island saw a 10% increase in visitation compared to 2023, announced during Arabian Travel Market 2025

ABU DHABI, UAE, April 29, 2025 /PRNewswire/ — Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, announced remarkable achievements in visitation numbers in 2024 across Yas Island and Saadiyat Island, experiencing significant growth while setting new records.

To view the Multimedia News Release, please click:  
https://www.multivu.com/miral/9332751-en-announces-record-breaking-visitation-yas-island-saadiyat-island-2024

Highlighted during Arabian Travel Market 2025, Yas Island recorded over 38 million visits in 2024, a notable 10% increase compared to 2023. Achieving their highest performance since 2019, Yas Island hotels’ occupancy reached 82% peaking up to 90% in August 2024; an annual 9% growth in hotel occupancy alongside a 17% increase in the average daily rate (ADR) compared to 2023. Similarly, Saadiyat Island saw a 10% visitation growth across its hotels and museums compared to 2023.

Dr. Mohamed Abdalla Al Zaabi, Group CEO of Miral, said, “These exceptional results are testament to our commitment to contributing to the achievement of Abu Dhabi’s vision of becoming a leading global destination, in alignment with the Emirate’s Tourism Strategy and broader ambitions for sustainable growth and economic diversification.”  He added, “through the development of world-class destinations and immersive experiences, we are not only attracting visitors from around the world but also creating joyful moments that leave a lasting impact. The continued success of Yas Island and Saadiyat Island stands as a powerful testament to the strength of our strategic partnerships and our shared dedication to elevating Abu Dhabi’s global appeal.”

Yas Island’s theme parks and CLYMB™ saw an impressive 20% rise in visitation alongside an astonishing 56% increase in visitation from the GCC compared to the previous year. Meanwhile, international visits to the theme parks also saw significant growth, with a 40%, rise, led by a substantial increase from key markets, including India (+44%), China (+81%), the UK (+40%), and Russia (+29%).

The destination also experienced a 10% attendance increase for its consumer events in 2024, bolstering its position as a leading destination for world-class events. This impressive growth was led by a year-round calendar of world-class concerts, performances, and family and sports events, including Diljit Dosanjh’s Dil-Luminati Tour, Wireless Festival Middle East, UFC, NBA, Formula 1® Etihad Airways Abu Dhabi Grand Prix, Disney on Ice, Abu Dhabi Comedy Week, the Backstreet Boys, among many others. The year also saw the regional debuts of hit musicals, Hamilton, Life of Pi, Matilda and Chicago.

Moreover, Yas Island is rapidly growing into a key destination for corporate events and conferences, recording a 17% increase in business events and conferences in 2024 with a 7% increase in room nights compared to 2023. As part of its efforts to further bolster this segment’s growth, Miral announced the development of the Yas Island Metaverse in partnership with e& enterprise, the digital transformation arm of e&. The project leverages cutting-edge metaverse technologies to exhibit business event venues along with attractions and experiences on Yas Island in a comprehensive virtual experience.

Saadiyat Island continues to attract visitors seeking an elevated blend of cultural immersion and leisure, achieving a remarkable 74% hotel occupancy in 2024, alongside a 14% increase in the average daily rate (ADR) compared to 2023. The destination also experienced prominent visitation growth from key markets, including a 11% growth from UK, 30% growth from India and 58% growth from China, further solidifying its position as a leading beach, nature and cultural destination.

Several exciting developments on Yas Island are set to reach completion in 2025, including the first phase of the 16,900 sqm expansion of Yas Waterworld Yas Island, Abu Dhabi, set to open this summer 2025, with 12 new rides and experiences. Additionally, the 560m beachfront development at Yas Bay will serve as an addition to leisure and lifestyle experiences at Yas Bay Waterfront. Furthermore, Warner Bros. World™ Yas Island, Abu Dhabi is set to significantly expand its footprint in the coming years with new DC attractions, the highly anticipated Wizarding World of Harry Potter, as well as two additional rides, building on the theme park’s immersive and action-packed experiences.

The Natural History Museum Abu Dhabi, anticipated to be the largest of its kind in the region, is set for completion towards the end of 2025 and will offer visitors a fascinating journey through the history of the natural world. Meanwhile, teamLab Phenomena Abu Dhabi welcomed its first guests at Saadiyat Cultural District on Saadiyat Island on April 18. The 17,000 sqm multi-sensory art experience was developed in partnership with the Department of Culture and Tourism – Abu Dhabi and Japanese art collective, teamLab and is operated by Miral Experiences.

Additionally, Yas Island and Saadiyat Island received over 190 awards and recognitions in 2024, bolstering their positions as leading destinations. Yas Island achieved over 175 accolades while Saadiyat Island earned over 20 prestigious accolades.

Responsible for the destination management of Yas Island and overseeing Saadiyat Island’s destination management strategy, Miral’s portfolio of world-class experiences and destinations aim to significantly contribute to the economic growth of Abu Dhabi and the UAE, boosting tourism revenue while creating employment opportunities. This aligns with the ambitions of Abu Dhabi’s Tourism Strategy 2030 to attract 39.3 million visitors, create 178,000 new jobs and increase the tourism sector’s contribution to the UAE’s GDP to AED 90 billion annually by 2030.

Video – https://mma.prnasia.com/media2/2674861/Miral_Hero_Video.mp4
Photo – https://laotiantimes.com/wp-content/uploads/2025/04/miral_yi_and_si_visitation-1.jpg

 

YI&SI Visitation video

 

YI&SI Visitation
YI&SI Visitation

 

 

 

KSL Capital Partners Acquires JW Marriott Venice Resort & Spa

Landmark Luxury Resort on Private Venetian Island Joins KSL’s Portfolio of Unforgettable Travel & Leisure Businesses Around the World

DENVER, April 29, 2025 /PRNewswire/ — KSL Capital Partners, LLC (“KSL”), a leading alternative investment firm, today announced its affiliates have acquired the JW Marriott Venice Resort & Spa (“JW Marriott Venice”), one of Venice’s premier 5-star hotels, from Aareal Bank Group. JW Marriott Venice represents the first equity transaction completed by KSL’s European Capital Solutions platform, a dedicated European strategy with a versatile mandate to invest across the capital structure in travel and leisure assets in Europe with a focus on high quality urban and resort destinations.

Nestled on its own private island, Isola delle Rose, just minutes from St. Mark’s Square, the JW Marriott Venice is a one-of-a-kind luxury destination that has become a guest favorite since its opening in 2015. Designed by renowned architect Matteo Thun, the resort features 266 contemporary rooms and suites, including the exclusive Uliveto Retreat. With six acclaimed restaurants, extensive conference space and the largest spa in Venice, the resort offers an unmatched blend of wellness, culinary excellence and hospitality in a setting of rich history. Guests can enjoy a range of world-class amenities, from a rooftop pool with sweeping views to lush Mediterranean gardens, a romantic historic church, kids’ club, padel courts and the immersive Sapori Cooking Academy.

“With its private island setting and strong performance, coupled with Venice’s enduring appeal to luxury travelers, the JW Marriott Venice exemplifies the type of irreplaceable real estate we seek to invest in,” said Martin Edsinger, Partner at KSL. “We are excited to further elevate this remarkable resort through thoughtful investment and enhancements that will enrich the guest experience and ensure the JW Marriott Venice continues to stand apart as one of Europe’s premier destinations.”

About JW Marriott Venice Resort & Spa
JW Marriott Venice Resort & Spa is one of the finest 5-star hotels in Venice. Nestled on the private island of Isola delle Rose, the luxury hotel offers a tranquil retreat from the city’s excitement. Just minutes from St. Mark’s Square, arrive via a complimentary water shuttle to a 40-acre paradise of gardens, olive groves, and world-class amenities. Enjoy light-filled rooms, suites, and private residences, savor award-winning cuisine, or unwind at the JW Venice Spa, one of Venice’s top wellness destinations. As well as being a pet-friendly hotel in Venice, the property offers pools, cooking classes, and family activities. Its stunning venues also provide unforgettable backdrops for weddings, meetings, and special celebrations.

About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; New York, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. KSL’s current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

Media Contact
Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
KSL-JF@joelefrank.com
(212) 355-4449

PHASE Scientific Earns Prestigious Recognition at 2025 ASCCP Scientific Meeting for Innovation in Urine-Based HPV Screening

SAN DIEGO, April 29, 2025 /PRNewswire/ — PHASE Scientific (PHASE) proudly announced a major milestone this week with its inaugural participation and award-winning presentation at the 2025 American Society for Colposcopy and Cervical Pathology (ASCCP) Annual Scientific Meeting — one of the foremost global events dedicated to advancing women’s health.

Held in San Diego from April 24–26, the ASCCP Scientific Meeting serves as a critical platform for shaping the future of cervical cancer prevention and diagnosis, bringing together leading clinicians, researchers, and healthcare innovators from around the world. As the recognized authority on cervical cancer screening guidelines and education for U.S. obstetricians and gynecologists, ASCCP represents an unparalleled stage for groundbreaking research.

In collaboration with PHASE, Peking University Shenzhen Hospital (PUSH) presented groundbreaking research on urine-based HPV testing at the Scientific Meeting. The study, which utilized PHASE’s proprietary technologies, was awarded the Thomas V. Sedlacek, MD, Prize for Best Clinical Research Abstract — a top recognition for excellence in clinical research. This marks a significant achievement and highlights the growing momentum toward non-invasive cervical cancer screening approaches.

The award-winning study showcased the performance of PHASE’s novel technologies: PHASiFY™, an advanced urine DNA concentration method, and the PhaseLab™ HPV Urine Test, a next-generation urine-based HPV DNA testing platform. In the study, women undergoing follow-up colposcopy or treatment for high-grade cervical lesions (CIN2/3) provided both urine samples and physician-collected samples for HPV testing. Results demonstrated a >97% concordance between urine-based PhaseLab™ testing and standard physician-collected testing (Cobas 4800) for detecting HPV types 16 and 18, along with comparable performance in detecting cervical precancerous lesions.

“We are proud that PHASE Scientific’s technologies, including our PHASiFY™ system, supported this important research presented by Peking University Shenzhen Hospital at the ASCCP Scientific Meeting,” said Dr. Ricky Chiu, Chairman and CEO of PHASE Scientific. “The findings demonstrate that PHASiFY™ significantly enhances the detection of cervical precancers through simple, non-invasive urine samples — a transformative step toward making cervical cancer screening more accessible and patient-centered. We remain deeply committed to driving innovations that advance women’s health.”

The presentation sparked strong interest and discussion among leading industry experts and healthcare professionals, reinforcing the growing momentum behind non-invasive cervical cancer screening. PHASE Scientific is honored to contribute to this important movement and looks forward to continuing to develop solutions that reduce barriers to screening, and ultimately help eliminate cervical cancer as a public health threat.

Disclaimer: PhaseLab™ HPV Urine Test is available in the US for the detection of HPV DNA only and has not been approved for use as a cervical cancer screening test.

About PHASE Scientific

PHASE Scientific is a fast-growing biotech company with a mission to inspire a new state of health through innovative diagnostics and healthcare solutions. With operations in the U.S., mainland China, and Hong Kong, PHASE delivers novel diagnostic tools and services for cancer and infectious diseases using proprietary technologies, empowering better disease detection, diagnosis, and management.

Homary Celebrates the Grand Opening of Its New Showroom in New Jersey

ROBBINSVILLE, N.J., April 29, 2025 /PRNewswire/ — Homary, the award-winning global home lifestyle brand known for blending stunning design with accessible luxury, is proud to announce the grand opening of its newest showroom in Robbinsville, New Jersey.

Located at 14 Applegate Dr, Ste A, Robbinsville, NJ 08691, the showroom is now open for a special celebration running from April 29 to May 18, 2025.

The new showroom offers a curated, hands-on experience of Homary’s signature collections, from modern minimalist furniture to artisanal statement pieces, with thoughtfully styled vignettes designed to inspire every room of the home. Visitors will have the opportunity to explore Homary’s most-loved designs, discover exclusive in-store collections, and enjoy limited-time opening celebrations that have made Homary a favorite among design lovers worldwide.

Homary showroom concept — modern, curated, and welcoming
Homary showroom concept — modern, curated, and welcoming

“At Homary, we believe exceptional design should be part of everyday life,” said Susi Wang, the CEO at Homary.  “Our New Jersey showroom brings our vision closer to home — offering customers not just furniture, but a gallery of possibilities to reimagine their living spaces.”

Grand Opening Highlights:

  • Explore a selection of exclusive in-store products, available at up to 60% off.
  • 15% off sitewide, with in-store savings reaching up to 30% for qualifying purchases (spend $3,000 for 20% off, $6,000 for 25% off, $10,000 for 30% off).
  • Spend $3,000 or more in-store to enter a $500 gift voucher lucky draw.
  • Shoppers who bring a friend will receive an additional $20 off their purchase.

The Robbinsville showroom is designed as an extension of Homary’s commitment to creativity, craftsmanship, and community — blending Japanese minimalism, Scandinavian functionality, and timeless artistry all around the globe into a serene, welcoming retail space.

For showroom inquiries, please visit Homary or contact 609-666-3021 or 609-666-3098.

About Homary

Renowned for its exquisite, multifunctional, and affordable home solutions, Homary is changing the way people transform their living spaces. Named the No. 1 home living brand in the U.S. by Newsweek, Homary has become the destination for those seeking a magazine-worthy home at a reasonable price. The brand is also expanding its physical footprint with showrooms in the United States and the United Kingdom.

American Power Systems, Inc. Launches Groundbreaking Alternator Series

New alternators provide more power at both lower and higher RPM, allow for faster charging

DAVENPORT, Iowa, April 29, 2025 /PRNewswire/ — American Power Systems, Inc. (APS) has launched an all-new, groundbreaking high-output alternator series providing more output across the board at both lower and upper RPM. In addition, the increased power output at lower RPM means faster charging capability at lower speeds, including at idle.

The Ultra Performance at Idle (UPI) series is APS’ next-generation line of alternators. The new alternators share the same weight, size, and other mechanical specifications as APS’ HPI series but with higher output at both upper and lower ranges of the RPM output curve. This means the new alternators offer the same form and fit for all vehicles APS products serve.

“This is a game-changer in the ever-evolving mobile power market,” said APS President & CEO Amy Lank. “Our customers have asked for more power, and we’ve heard them loud and clear.”

Available in 12-, 24-, and 48-volt models, the UPI series offers six different configurations from 165 amps to 390 amps at output.

While the new UPI high-output alternators offer more power at both ends of the RPM spectrum, they can start generating voltage at lower RPM, which translates to quicker battery charging. This early activation reduces the dependency on high RPM for effective charging, making it possible to maintain optimal battery levels even during low-speed operations.

This is especially useful for vehicles in an idling scenario or in city driving where vehicles often run at lower speeds. By generating power earlier, it also helps keep the battery charged more efficiently and reduces the risk of undercharging. Electrical components can work more reliably, improving overall performance and reducing the chances of electrical failures.

For technical specifications, please visit APS’ website.

About American Power Systems, Inc. (ISO 9001:2015)

Since 2006, APS has been designing and manufacturing advanced mobile power systems, alternators, converters, regulators and power generators for armored, security, commercial, marine and purpose-built specialty vehicles like RVs and luxury motor coaches. The Davenport, Iowa-based company specializes in the innovation and custom crafting of power conversion and distribution systems by staff with nearly 300 combined years of experience in the various fields of expertise it handles. To date, APS products have been used on more than 10,000 vehicles across multiple continents, including Africa, Asia, the Americas, Europe and Australia.

Cision Announces Successful Closing of Financing Transactions

CHICAGO, April 29, 2025 /PRNewswire/ — Cision Ltd. (“Cision“), a leading global provider of earned media software and services to public relations and marketing communications professionals, announced today the successful closing of the financing transactions previously announced on April 14, 2025, including securing approximately $250 million of additional liquidity.

As previously announced, Cision’s affiliate Castle US Holding Corporation (the “Company“) entered into a commitment letter providing for a series of financing transactions (the “Financing Transactions“) that were supported at such time by holders of approximately 95% (the “Committed Noteholders“) of the outstanding principal amount of the Company’s existing unsecured notes due 2028 (the “Existing Notes“) and approximately 99% of lenders under the Company’s existing senior secured term loan facility. Since that time, support increased to (i) holders of approximately 98% of the outstanding principal amount of the Existing Notes who decided to participate in the Private Notes Exchange (as defined below) and (ii) 100% of the lenders under the existing senior secured term loan facility.

“We are extremely pleased with the success of our debt refinancing and the strong support for the transactions from our debt investor base,” said Guy Abramo, CEO of Cision. “By successfully extending debt maturities, and with the additional liquidity these transactions provide, we move forward with the flexibility to focus on our core businesses, execute on our long-term growth strategy and continue to support our 75,000+ partners and customers.”

In connection with the Financing Transactions, the Company has (i) issued approximately $250 million of new money senior secured first lien first-out term loans, (ii) exchanged, on a cashless basis, the term loans previously outstanding under the Existing Credit Agreement (as defined below) for new senior secured first lien second-out term loans in an aggregate principal amount equal to approximately $1,300 million and €430 million, (iii) amended the terms of the existing indenture governing the Existing Notes, dated as of February 5, 2020 (the “Existing Notes Indenture“), to, among other things, eliminate substantially all restrictive covenants therein and make other modifications to facilitate the Financing Transactions, (iv) exchanged, on a cashless basis, the revolving loans previously extended under the Existing Credit Agreement for a new senior secured first lien first-out revolving credit facility in an aggregate commitment amount equal to approximately $137 million, (v) terminated the existing credit agreement, dated as of January 31, 2020 (the “Existing Credit Agreement“) and (vi) exchanged (the “Private Notes Exchange“) approximately $294 million aggregate principal amount of the outstanding principal amount of Existing Notes for approximately $268 million aggregate principal amount of new first lien third-out 10.00% Senior Secured Notes due 2031 (the “Third Out Notes“).

This press release contains important information for remaining holders of the Existing Notes regarding an invitation to participate in the Private Notes Exchange. You are encouraged to read this press release in its entirety.

The proceeds of the Financing Transactions were used to or will be used to (i) repay permanently in full and terminate all outstanding commitments under that certain bridge credit agreement, dated as of January 30, 2025, (ii) repay and terminate, or cause the repayment and termination in full of, all outstanding commitments and obligations under certain intercompany credit agreements and promissory notes, (iii) fund the payment of accrued and unpaid interest on the Existing Notes that have been tendered for cancellation in the Private Notes Exchange and the term loans under the Existing Credit Agreement that are being repurchased in the Financing Transactions and (iv) pay related transaction fees and for working capital and general corporate purposes.

Private Notes Exchange

As previously announced, holders of the Existing Notes are invited to participate in the Private Notes Exchange on the same terms offered to the Committed Noteholders on or before May 12, 2025. Holders who would like to receive more information about the terms of the Private Notes Exchange should contact Cision at Cision@is.kroll.com. Subject in all respects to Cision’s determination and discretion, and in respect of its right to purchase Existing Notes through open market or privately negotiated transactions:

  • Additional Fungible Notes. Holders who contact Cision on or prior to May 6, 2025 may be eligible to receive Third Out Notes on May 9, 2025 (the “Additional Issuance Date“). The Company expects that Third Out Notes issued on the Additional Issuance Date will be fungible with the Third Out Notes issued on April 28, 2025 (the “Initial Issuance Date“).
  • Additional Non-Fungible Notes. Holders who contact Cision after May 6, 2025 may be eligible to receive Third Out Notes thereafter. However, Third Out Notes issued after May 9, 2025 may not be fungible with Third Out Notes issued on the Initial Issuance Date or the Additional Issuance Date.

As of the date of this press release, approximately 98% of Existing Notes have been tendered into the Private Notes Exchange. Due to the high levels of committed participation, holders of Existing Notes are cautioned that the Private Notes Exchange may have adverse effects on the liquidity and market price of Existing Notes that are not tendered and accepted pursuant to Private Notes Exchange.

In addition, Existing Notes that are not tendered and accepted pursuant to the Private Notes Exchange will remain outstanding and will be subject to the terms of the Existing Notes Indenture, which has been amended such that, among other things, substantially all restrictive covenants therein have been eliminated. Holders are cautioned that the amended Existing Notes Indenture permits the Company and its subsidiaries to take certain actions that were previously prohibited, which may increase the credit risks with respect to the Company, as well as adversely affect the liquidity, market price and price volatility of the Existing Notes or otherwise be adverse to the interests of holders.

The Third Out Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act“), or any other securities laws, and the Third Out Notes cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

This press release is for informational purposes only. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Holders of the Existing Notes are encouraged to consult their own legal, financial and tax advisers regarding the Private Notes Exchange. 

About Cision

Cision is a global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data-driven world. Our deep expertise, exclusive data partnerships, and award-winning products —including CisionOneBrandwatch, and PR Newswire —enable over 75,000 companies and organizations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most.

For media inquiries, please contact:
Cision Public Relations
CisionPR@cision.com

Forward-Looking Statements

This press release contains statements that relate to future events and expectations and, as such, constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are not historical facts, but only predictions and generally may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements that address activities, events or developments that the Cision or the Company intends, expects, projects, believes or anticipates will or may occur in the future.

Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties, many of which will be important in determining the actual future results of Cision, the Company and their subsidiaries and affiliates. These statements are based on current expectations and the current economic environment, and involve a number of risks and uncertainties that are difficult to predict. Actual results could differ materially from those expressed or implied in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and the Company does not undertake any obligation to publicly correct or update any forward-looking statement if the Company later becomes aware that such statement is not likely to be achieved.

Worldwide Silicon Wafer Shipments Increase 2% Year-on-Year in Q1 2025, SEMI Reports

MILPITAS, Calif., April 29, 2025 /PRNewswire/ — Worldwide silicon wafer shipments increased 2.2% year-on-year (YoY) to 2,896 million square inches (MSI) from the 2,834 MSI recorded during the same quarter of 2024, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry. Sequentially, shipments contracted 9.0% quarter-over-quarter from the 3,182 MSI recorded during the fourth quarter of last year impacted, primarily, by seasonality and accumulated inventory levels throughout the supply chain.

Worldwide Silicon Wafer Shipments (MSI) Semiconductor Applications Only
Worldwide Silicon Wafer Shipments (MSI) Semiconductor Applications Only

“Q1 2025 silicon shipments indicated a 6% YoY growth in 300mm but showed a decline in 200mm and below wafer sizes,” said Lee Chungwei (李崇偉), Chairman of SEMI SMG and Vice President and Chief Auditor at GlobalWafers. “Despite an incremental increase in 300mm wafer shipments, demand for legacy devices remains weak, with inventory adjustments also contributing to a slowdown in shipments.”

Silicon wafers are the fundamental building material for the majority of semiconductors, which are vital components of all electronic devices. The highly engineered thin disks are produced in diameters of up to 300mm and serve as the substrate material on which most semiconductors are fabricated.

The SMG is a sub-committee of the SEMI Electronic Materials Group (EMG) and is open to SEMI members involved in manufacturing polycrystalline silicon, monocrystalline silicon or silicon wafers (e.g., as cut, polished, epi). The SMG facilitates collective efforts on issues related to the silicon industry including the development of market information and statistics about the silicon industry and the semiconductor market.

For more information, visit SEMI Worldwide Silicon Wafer Shipment Statistics.

About SEMI

SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

Association Contact
Sherrie Gutierrez/SEMI
Phone: 1.831.889.3800
Email: sgutierrez@semi.org