• $150 million of new money to boost liquidity,

• reduction of pre-transaction debt by over $75 million, and

• extended maturities dates to Q4 2029

PORTLAND, Ore., Feb. 20, 2025 /PRNewswire/ — Oregon Tool, Inc. (the “Company”) a global leader and manufacturer of professional-grade cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing industries announced today the closing of three separate, highly beneficial financing transactions (the “Transactions”). The Transactions were supported by a substantial majority of the capital structure, including 100% of RCF lenders, approximately 83% in amount of existing term loans, and approximately 81% in amount of existing unsecured notes. Subsequent to the Transactions, the Company expects to make one or more exchange offers to additional holders of existing terms loans and existing unsecured notes. The Transactions provide material benefits to the Company.

On February 18, 2025, the Company caused its newly formed subsidiary, Oregon Tool Lux LP, a Luxembourg entity (the “NewCo”), to issue approximately $156 million principal amount of new first lien debt, in the form of term loans (“NewCo First Lien Term Loan”). On the same day, the Revolving Credit Facility lenders exchanged, at par, into a new first lien Revolving Credit Facility, at NewCo (the “New Revolver”). On February 19, 2025, an ad hoc group of Term Loan lenders (“Term Loan AHG”) and an ad hoc group of holders of Term Loans and Notes (“Crossholder AHG”) extended the maturity of their term loans to October 2029. On February 20, 2025, Term Loan AHG and Crossholder AHG lenders, at the Company’s election, (i) refinanced or committed to refinance, at a discount, all existing Term Loans maturing in October 2029 and (ii) committed to exchange all notes held by the Term Loan AHG and Crossholder AHG members, into a mix of new second lien term loans (“Second Lien Term Loan”) and new third lien notes (“Third Lien Notes”) at NewCo. The New Revolver, the NewCo First Lien Term Loan, Second Lien Term Loan, and Third Lien Notes, have maturities of October 15, 2029. In addition, the Company’s existing ABL lenders extended the maturity of the Company’s ABL Credit Facility to October 15, 2029.

In connection with the Transactions, the participating lenders consented to the adoption of certain amendments to the existing term loan facility, which are now effective. Among other modifications, the amendments eliminated restrictive covenants in the existing debt.

As a result of the Transactions, the Company increased its liquidity by approximately $150 million (before giving effect to the use of proceeds thereof) and reduced its pre-transaction debt obligations by over $75 million.

“This transaction positions the Company for long-term success and benefits our key stakeholders,” said Terry Hames, President and CFO of Oregon Tool, Inc. “The transaction deleverages our balance sheet through discount capture, provides critical liquidity for our operational needs through $150 million of new money, and extends maturities to Q4 2029. We are in position to continue investing in our strategic initiatives to develop innovative solutions for our customers, execute on identified operational efficiencies, and drive long-term profitable growth.”

PJT Partners LP served as financial advisor and Milbank LLP served as legal counsel to the Company. Perella Weinberg Partners LP served as financial advisor and Davis Polk & Wardwell served as legal counsel to the Term Loan AHG. Lazard served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Crossholder AHG. Cahill, Gordon & Reindel served as legal counsel to RCF and ABL lenders.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer, solicitation or sale of securities by the Company 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.

About Oregon Tool, Inc.

Oregon Tool, Inc. is a global, premium-branded, precision-cutting-tool powerhouse platform. The company’s portfolio of brands specializes in professional grade precision cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing. Headquartered in Portland, Oregon, with a multinational manufacturing and distribution footprint, Oregon Tool, Inc. sells its products in more than 110 countries under the Oregon®, Woods®, ICS®, Pentruder®, Merit®, and Carlton® brands. The company is a global leader in manufacturing of saw chain and guide bars for chainsaws and diamond saw chain for concrete and pipe, a leading manufacturer of agricultural tractor attachments and lawn mower blades, and the leading OEM supplier of first-fit and replacement parts. Learn more at www.oregontool.com. 

Media Contact

Oregon Tool Communications
communications@oregontool.com

LAS VEGAS, Feb. 20, 2025 /PRNewswire/ — In the world of evolving sound engineering, Baseus has always had its finger on the pulse. With a longstanding commitment to being the best consumer electronics brand, Baseus is set on creating innovative, flexible, and minimalist products that center around customer needs before anything else. After all, the name ‘Baseus’ originates from our core value “Base on User”. Now, Baseus is thrilled to introduce the Bowie MC1 Open-ear Earbuds – a genius feat of sound engineering that prioritizes comfort, adaptability, and sound quality.

The Baseus Bowie MC1 Open-ear Earbuds were crafted to fit seamlessly into any lifestyle. From the daily work schedule and sports sessions to the student life and fashion industry. These earbuds are equipped to inspire creative storytelling and ensure a fresh perspective on how you see – and hear – the world. Let’s take a look at some of the main highlights of the Baseus Bowie MC1 Open-ear Earbuds:

Comfortable Open-ear Clip-on Design: Your comfort is the main priority with the Baseus Bowie MC1 Open-ear Earbuds. The innovative open-ear clip-on design ensures that you have a comfortable listening experience without any ear canal pressure or fatigue – ensuring that you can wear the earbuds all day without a problem. The Bowie MC1 earbuds have a 5.2g lightweight design and ensure long-lasting comfortable wear throughout the day. Simply clip the earbuds gently onto your ears and they stay perfectly in place. The open-ear structure also ensures your safety in crowded areas or around traffic by allowing you to ensure you stay aware of your surroundings while enjoying quality sound – this is ideal for jogging, cycling, or traveling.

AI-Enhanced Dynamic Bass: Another great feature of the Baseus Bowie MC1 Open-ear Earbuds is its AI adaptive bass enhancement. This allows the earbuds to conduct precise sound detection at a rate of 48,000 times per second – intelligently adapting for enhanced bass to ensure immersive audio. This feature dynamically compensates for bass and increases bass details. The additional directional sound tech also minimizes sound leakage – providing a private listening experience.

3-Magnet Dynamic Driver: The Bowie MC1 earbuds are further structured for sound clarity with a three-magnet dynamic driver and an 0.8mm larger amplitude – ensuring improved full sound clarity and soundstage width. This professional engineering design produces richer bass and detailed high frequencies for superior sound – and the professionals agree. The Bowie MC1 earbuds are recommended and endorsed by Berklee professors and GRAMMY and EMMY award winners.

Adaptive Call Noise Cancellation: Sound clarity during calls is a must. This is why the Bowie MC1 earbuds use adaptive Deep Neural Network (DNN) algorithms for noise reduction. This allows the earbuds to intelligently identify and isolate sounds during calls to provide enhanced voice clarity in more than 3,000 DNN noise cancellation applications. The earbuds also use 2 noise-canceling mics to ensure crystal-clear voice communication in complex environments. For example, while running or cycling, the earbuds will cancel out wind noise in the background and isolate your voice for stable sound clarity during calls.

Snug Fit with Anti-Drop Design: The Bowie MC1 clip-on earbuds are designed for ultimate comfort. Baseus has developed its own Cloud Airbag design that ensures cloud-soft comfort while staying securely in your ears. This design improves stability by 198% and comfort by 200%. An innovative Four-Point Support structure also provides an Anti-Drop design – ensuring your earbuds don’t fall out of your ears during strenuous activities like exercising or running. The flexible C-bridge structure also adapts to different ear shapes and allows you to seamlessly wear the Bowie MC1 clip-on earbuds with your glasses and other accessories.

IP57 Waterproof and Dustproof: The MC1 earbuds are built to withstand the elements in any situation. With an IP57 waterproof and dustproof rating, you can keep the music playing whether you’re caught up in the rain or sweating it out at the gym. Baseus adapts to your needs and gives you peak performance in every condition.

Customizable Button Control: Take control of your sound experience with a customizable button interface on your earbuds. For seamless control at your fingertips, download the Baseus app and customize your earbud button controls to suit your needs.

The Baseus Bowie MC1 Open-ear Earbuds introduce a new era of comfort and adaptability to the everyday lifestyle of the user. These earbuds are carefully constructed and built on the premise of making life easier while still providing professional-grade sound. Baseus looks forward to leading the shift toward user-centric product designs and creative engineering that revolutionizes the sound industry for good.

Availability

The Baseus Bowie MC1 Open-ear Earbuds are now available on Amazon at a special promotional price of $49.99 for both Cosmic Black and Moon White, after applying a $20 coupon to the MSRP price of $69.99.

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users’ problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products – including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users’ sense of fulfillment. Join the Baseus family today to see a new world of technological innovation.

Media Contact:
Name: Baseus PR Team
Phone: +1 (213) 512-7063
Email: pr@baseus.com
Baseus Technology (HK) Co., Ltd
Baseus Official Website: https://www.baseus.com/

DUBAI, UAE, Feb. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce 10,000 USDT in bonuses for P2P traders looking to up their games in 2025 in the Bybit P2P Block Trade Giveaway. The event starts today until Mar. 28, 2025 and offers three winning tracks for block traders and merchants to unlock the total prize pool. From Feb. 17 to 21, 2025, Bybit P2P has also been hosting interactive AMAs across regions, helping interested users get ahead of the curve with Bybit P2P’s features, bonus schemes, and the latest trends in P2P.

Throughout the week of Feb. 17, a series of virtual AMA workshops has offered an in-depth look into P2P trading, market and product insights, and local offers and platform highlights. During the interactive AMAs, users get to learn more about how to make the most of Bybit P2P’s benefits and standout features, as well as the opportunity to win up to 60 USDT for eligible live participants. The next one is scheduled for 10:00PM UTC on Feb. 20, 2025 for the LATAM community on Youtube.

Bybit P2P block trading allows two parties to privately buy or sell larger amounts of digital assets on Bybit’s ultra user-friendly interface. Leveraging Bybit’s robust platform function and matching engine, the service spares users the need to place regular orders, reducing slippage risks and often comes with lower fees. Exclusive on Bybit P2P, eligible users may sign up for the event to qualify for one of the three prize pools on a first-come, first serve basis from now until Mar. 28, 2025:

1. New Users Exclusive: First-time block traders may share in a 3,500 USDT prize pool. With a 175 USDT bonus for the lucky winners, the potential rewards spells an auspicious start of their block trading journey.
2. For All Users: The first 35 users to execute a block trading order at at least 20,000 USDT will receive a 100 USDT bonus. Block merchants are not eligible for this perk.
3. Block Merchants Exclusive: Another 150 USDT bonus is reserved for each of the first 20 block merchants who fulfil at least 50,000 USDT in trading volume.

“Stakes can be high in a dynamic market and a maturing P2P ecosystem, and Bybit is here to support our customers, no matter their ticket size. We want to craft a trading experience that is both rewarding and frictionless for our P2P traders,” said Joan Han, Sales and Marketing Director at Bybit. 

Bybit offers an open marketplace ripe with earning opportunities and potential rewards for users holding diverse crypto assets. With competitive trading limits from 10,000 to 200,000 USDT in a single order, Bybit P2P Block Trade is a trusted avenue, effectively bridging a gap in the market for users leveling up their P2P trading strategies. Users may find out more about the entry requirements for Bybit P2P Block Trading, and stay tuned to Bybit’s official channels for details about the upcoming AMAs.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

NEW YORK, Feb. 20, 2025 /PRNewswire/ — Today, the New York Stock Exchange (NYSE) is hosting its inaugural NYSE Partnership Day, bringing together leading media partners, publishers, ad tech leaders, content creators, agencies, and platforms to launch the NYSE Partnership Network—a dynamic new space where capital, culture, and creativity intersect.

Experience the full interactive Multichannel News Release here:
https://www.multivu.com/nyse/9315751-en-new-york-stock-exchange-partnership-day 

NYSE Partnership Day brought together top minds across media, technology, and business at the NYSE’s Board Room to create a one-of-a-kind setting for partners to align on industry trends, challenges, and opportunities.

For 232 years, the NYSE has been the world’s leading marketplace for innovation, turning big ideas into reality. Now, with the NYSE Partnership Network, the Exchange is creating an exchange of ideas, uniting industry leaders to explore new opportunities, foster collaboration, and drive the future of content and commerce.

The NYSE vision for the Partnership Era will be revealed in the framework of Community, Content, Commercial, + Connection. The vision for each of the 4 C’s is embodied in the content featured here alongside the NYSE Pre-Market Update that that delivers a daily pre-market update that includes key insights into the trading day ahead leading up to the NYSE’s Opening Bell.

PRE-MARKET UPDATE FOR FEBRUARY 20TH

NEW YORK, The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 
Kristen Scholer delivers the pre-market update on February 20th

• Walmart shares near all-time highs following earnings report
• President Trump floats idea of tariffs on auto, chips, and pharmaceuticals
• S&P 500 rises to record despite Fed remaining cautious on interest rates

Watch NYSE TV Live every weekday 9:00-10:00am ET 

BOSTON, Feb. 20, 2025 /PRNewswire/ — Ciarra, a global innovator in premium kitchen appliances, proudly announces the upcoming launch of the Ciarra ONE, the world’s thinnest downdraft cooktop featuring the pioneering Plasma⁺ System. This revolutionary product will debut on Indiegogo on March 10, 2025, offering backers the exclusive opportunity to be among the first to experience the next generation of kitchen technology.

Ciarra ONE is the world’s thinnest downdraft cooktop at just 7.1 inches thick—about as slim as a standard kitchen drawer. It is designed to seamlessly integrate into any kitchen without compromising on space or function. As the world’s first downdraft cooktop equipped with a built-in Plasma⁺ System, it eliminates an average of 99.91% of airborne pollutants, transforming cooking odors and harmful molecules into clean air for a hygienic and pleasant cooking environment. The TRIPLE Odor Control System enhances this cutting-edge solution. The dishwasher-safe mesh filter simplifies maintenance, while the self-cleaning zeolite molecular sieve traps and recycles odors, and the durable carbon molecular sieve lasts up to 5 years, cutting down your filter costs up to 30 times.

“The launch of Ciarra ONE represents a significant milestone for us,” said Allen Hollingshead, Project Manager of Ciarra. “This product is a testament to our team’s dedication, combining efficiency, hygiene, and style to deliver an innovative solution for consumers who demand the best.”

Ciarra ONE is designed with versatility and energy efficiency at its core. The induction cooktop features FlexZone Function, enabling users to freely access four cooking zones with nine power levels and a Boost function for precise heat control. Induction cooking is known for its superior energy efficiency compared to electric and gas alternatives, it delivers powerful cooking results while consuming minimal energy. Additionally, the quiet DC motor operates at just 62dB while delivering a robust 600 CFM airflow, ensuring a tranquil cooking environment.

In tandem with the product launch of the Ciarra ONE and Professional Series, Ciarra has revamped the U.S. website in 2024, designed to enhance the user experience and cater to the needs of American consumers with a sleek, intuitive design.

Ciarra will also firstly debut the Ciarra ONE at the 2025 Kitchen and Bath Industry Show (KBIS) in Las Vegas, held from February 25-27, 2025. Attendees are invited to visit booth W1476 in the West Hall for live demonstrations of all advanced features. “KBIS 2025 is the perfect platform to showcase the Ciarra ONE,” said Allen Hollingshead. “We look forward to engaging with industry professionals and kitchen enthusiasts.”

Ciarra is dedicated to creating high-quality, innovative kitchen solutions that blend advanced technology with contemporary design. As the brand expands its reach and elevates the consumer kitchen experience, the launch of the Ciarra ONE signals the beginning of a new era in kitchen appliances.

About Ciarra Appliances:

Ciarra Appliance is a leading provider of innovative kitchen appliances designed to simplify and enhance the cooking experience. With a commitment to quality, performance, and customer satisfaction, Ciarra Appliances offers a diverse range of countertops and major appliances and aims to inspire culinary creativity and make life easier. For more information, visit: https://us.ciarraappliances.com/pages/ciarra-one-crowdfunding

Follow Ciarra on Social Media:
https://www.facebook.com/share/g/12GvspMwLQk/?mibextid=wwXIfr

Press Release Contact:
Ciarra
cs-us@ciarraappliances.com

Advanced filtration, Sleek design, and customizable filters for personalized air care

LOS ANGELES, Feb. 20, 2025 /PRNewswire/ — Today, Coway, a leading wellness tech company, announced the launch of Airmega 350 and Airmega 450, the two newest cylindrical air purifiers to its award-winning lineup. Designed with a sleek, minimalist aesthetic, these new models effortlessly blend into any home environment while delivering powerful, personalized air purification.

Backed by over three decades of research and the expertise of more than 400 researchers at Coway’s R&D Center in Korea, the Airmega 350 and 450 introduce the revolutionary HyperVortex™ filtration system. This advanced system optimizes airflow, enhances filtration efficiency, minimizes airflow loss, and reduces noise levels, delivering cleaner air. Both models capture 99.999% of nano-sized particles down to 0.01 microns, effectively removing allergens, bacteria, mold, and viruses.

Coway’s new 3-in-1 customizable filter system allows users to tailor their air purification experience to their specific needs: Fresh Starter+ (captures harmful gases and unwanted odors, including food smells and VOCs), Allergen+ (targets common allergens like pollen, dust mites, fungi, and pet dander) and Intense Smoke+ (effectively removes smoke from wildfires, vehicle exhaust, and industrial fumes). These filters, combined with an activated carbon filter and Green True HEPA^TM filter, require replacement just once a year, ensuring hassle-free maintenance.

The Airmega 350 delivers a complete air change every hour in spaces up to 2640 square feet, about the size of a single family home or large office, while the Airmega 450 covers up to 3285 square feet, comparable to a spacious furniture showroom or large family home. Both are engineered for efficient air purification, swiftly improving air quality in large rooms, open-concept living spaces, and offices, while working even faster in smaller areas.

The Airmega 350 and 450’s array of scientifically-backed features include:

• HyperVortex^TM filtration system: Optimizes airflow while minimizing airflow loss, enhances air purification, and reduces noise levels:
  • Eagle Vane Design: Aerodynamic blades inspired by eagle wings create controlled vortices for consistent airflow and optimized performance. Small, rounded protrusions at the base of the fan blades maintain consistent air flow and performance.
  • Vortex Generator Fan: Precision-engineered blades maximize airflow, enhancing circulation, and delivering powerful volume.
  • Dimple Duct Technology: Duct holes resembling golf ball dimples reduce air resistance, allowing smoother air intake while minimizing air loss.
• Real-Time Air Quality Indicator (AQI): The control panel’s translucent grill changes color to provide updates on the space’s air quality: Good (Blue), Moderate (Green), Unhealthy (Yellow), Very Unhealthy (Red), keeping users informed at a glance.

The Airmega 350 and 450 are available in beige and white, designed to complement any decor. Key convenience features include:

• User-Friendly Filter Replacement: Easily swap filters through the discreet handle in the side panel without flipping the unit.
• Built-In Wheels (Airmega 450): Effortlessly move the purifier wherever you need it most.
• Modern and Intuitive Touchscreen Panel: Displays real-time AQI and provides intuitive control.
• Dust-Resistant Grill: Prevents dust buildup on the intake grill, keeping the grill clean and efficient.
• Auto Mode: Detects air quality and adjusts purification levels accordingly, responding to particles as small as PM10. The Airmega 450 also detects finer particles, including PM1 and PM2.5.
• Light Sensor & Sleep Mode: Detects ambient light levels and, when set to Auto Mode, enters Sleep Mode after three minutes of darkness. In Sleep Mode, purifiers operate quietly for an undisturbed, restful environment.
• Night Light, Control Panel Lock & Mute Mode: Enhances convenience and safety for families.

The Airmega 350 ($339) and Airmega 450 ($499) are available for purchase at cowaymega.com or Amazon.

About Coway

Coway (S.Korea: KRX 021240) is the leading wellness tech company behind award-winning product lines including Airmega air purifiers, Bidetmega for bathrooms, and Aquamega water purifiers. Coway was founded in Korea in 1989 and has maintained an obsession with home health for over three decades. The company has grown into a global leader in intensive research, engineering, and innovation, amassing more than 6,800 intellectual property rights for its proprietary technology.

The Coway R&D Center, the company’s environmental technology research institute, is Asia’s largest lab dedicated to air, water, and sleep technologies. A team of over 400 researchers collaborate there to design, develop, and test cutting-edge products that help people live healthier. Coway’s U.S. headquarters is located in Los Angeles, California. For more information, visit https://cowaymega.com or http://newsroom.coway.com.