On Friday, Shares of Wingstop Inc. (NASDAQ:WING), skyrocketed 61% to $30.59, hitting its highest level.
NASDAQ, (NDAQ) declared that trading of Wingstop Inc. (WING) commenced on The NASDAQ Stock Market on June 12, 2015.
Wingstop is a leading franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. With more than 745 restaurants open globally, Wingstop focuses on bold, distinct flavors and excellent customer service. The Wing Experts’ menu features 11 craveable flavors ranging from Garlic Parmesan to Mango Habanero. Since its founding in 1994, Wingstop has been named a 2015 Best Franchise Opportunity by the Franchise Business Review, was ranked the #3 Top Growth Chain by Nation’s Restaurant News and has been voted “best wings” in markets across the country.
“Wingstop’s focus on quality food paired with exceptional customer service has created a fast casual restaurant chain that consumers favor,” said Nelson Griggs, Executive Vice President, Listing Services at NASDAQ. “We are thrilled to welcome Wingstop to our NASDAQ family, and congratulate them on a successful initial public offering.”
Wingstop Inc., together with its auxiliaries, franchises and operates restaurants under the Wingstop name that specialize in cooked-to-order, hand-sauced, and tossed chicken wings. As of May 06, 2015, it operated about 750 restaurants in the United States, Mexico, Russia, Singapore, the Philippines, and Indonesia. The company was founded in 1994 and is headquartered in Dallas, Texas.
Shares of MGM Resorts International (NYSE:MGM), declined -1.97% to $19.43, during its last trading session.
MGM Resorts International, declared that MGM China Holdings Limited, a 51%-owned partner, has accomplished its formerly declared refinancing transaction of its Hong Kong Dollar denominated senior credit facilities agreement. The amended and restated credit agreement is comprised of a US$1.55 billion equivalent term loan, an enhance from the previous $550 million term loan, and US$1.45 billion equivalent revolving credit facility. The amended and restated credit agreement extends the term of the original facilities for an eighteen month period ending April 29, 2019.
“We are very happy with the support from our lenders which allowed us to upsize the credit facility to US$3 billion,” said Grant Bowie, CEO and Executive Director of MGM China. “This financing will provide our Company the financial flexibility to invest in MGM Macau and develop our second property, MGM Cotai, in the world’s largest gaming market.”
The amended and restated credit agreement will bear interest at a fluctuating rate per annum based on HIBOR plus a margin, initially set for a six month period at 1.75% per annum, but thereafter the margin (in the range of 1.375% to 2.50% per annum) will be determined by MGM China’s leverage ratio.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
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