Pelco improves traffic lights
EDMOND — Edmond-based Pelco Products has introduced a new product designed to make traffic lights more visible. Pelco's Reflective Backplates can be situated behind a traffic signal, and the reflective border makes the light easier to see, especially at night. The product gives municipalities an inexpensive, effective solution to reduce traffic accidents at intersections, said Mike Gilliland, marketing manager. The product is available on Pelco's website at www.pelcoinc.com/traffic.aspx.
SandRidge gets tender offer OK
SandRidge Energy Inc. has received consent from holders of nearly 95 percent of its floating rates senior notes in a tender offer that commenced Aug. 6, the company announced Monday. That represents nearly $330 million in notes. SandRidge intends to execute a supplement to the indenture governing the notes to eliminate most covenants and default provisions and shorten the minimum redemption period from 30 days to three if the company elects to redeem any outstanding notes.