Hostess Brands Refinances First Lien Term Loan

Hostess Brands Refinances First Lien Term Loan

Shares of Hostess Brands were barely higher Monday after the packaged food company said it expects full-year annualized interest expense savings of $5 million or up to $0.02 per share as a result of a repricing of its existing first lien term loan. The first lien term loan was repriced to LIBOR plus 2.5% from LIBOR plus 3.0%. The LIBOR floor was reduced to 75 basis points from 100 basis […]

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Advanced Micro Devices Shares Gain

Advanced Micro Devices Shares Gain

Advanced Micro Devices climbed more than 2% intraday after Canaccord Genuity said in a research note it remains confident in the company’s “positive thesis” and the new management team as well as product roadmaps. Modest growth assumptions drive the company’s estimates materially above consensus as much skepticism still remains, according to analysts Matthew Ramsay and Logan Bender. “We believe risk/reward is still tilted toward the upside and that our long-term […]

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Canadian Pacific Railway Okays Buyback of Common Shares

Canadian Pacific Railway Okays Buyback of Common Shares

Canadian Pacific Railway said Wednesday it plans to repurchase approximately 4.4 million shares of its common stock, or approximately 3% of its public float, by way of a normal course issuer bid. The company will repurchase shares through the facilities of the Toronto Stock Exchange, the New York Stock Exchange, and alternative trading systems; by means of open market transactions; or such other means permitted by laws. The company also […]

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Catalent Shares Hit New Record High

Catalent Shares Hit New Record High

Shares of Catalent rallied to a new lifetime high Friday morning after the supplier of drug delivery technologies reported fiscal Q3 results which were better-than-expected and reaffirmed its FY17 revenue outlook. For Q3 ended March 31, adjusted EPS was $0.38 per share, up from $0.21 per share a year earlier and two cents above expectations compiled by Capital IQ. Revenues rose 22% year-over-year to $532.6 million and were above the […]

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Pretium Resources Reports Progress in Construction of Brucejack Gold Mine

Pretium Resources Reports Progress in Construction of Brucejack Gold Mine

Pretium Resources said Monday wet commissioning is near complete at its Brucejack Mine. Pretium is constructing the high-grade underground Brucejack gold mine in northern British Columbia, Canada, with commercial production targeted for 2017. The commissioning process was initiated in April and the first ore has been introduced to the process in preparation for production, the company said in a press release. Commissioning of the process plant and service systems is […]

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