On Wednesday, Shares of General Electric Company (NYSE:GE), gained 0.77% to $26.10.
GE Capital’s Franchise Finance business declared that it has loaned $11 million to Vitaligent, LLC for the acquisition of 77 Jamba Juice units, making it the largest franchisee in the system.
Vitaligent is a new company formed by David Peacock, former president of Anheuser-Busch, and Dean VandeKamp, a general partner at Cultivation Capital in St. Louis, MO. Peacock will serve as chair and VandeKamp will serve as CEO. Other Vitaligent lead investors comprise Terry Matlack, managing director and co-founder of Leawood, KS-based Tortoise Capital Advisors, and Paul Edgerley, managing director of Bain Capital Private Equity in Boston.
Vitaligent has purchased 73 corporate-owned locations in San Jose and Sacramento, CA, in addition to four units in the St. Louis, MO-area owned by Peacock under the name ShowMe Smoothie LLC.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment.
Shares of Brookdale Senior Living Inc. (NYSE:BKD), declined -1.73% to $30.13, during its last trading session, after the senior living communities operator yesterday after the market close posted its fiscal 2015 second quarter earnings results that missed analysts’ estimates.
For the latest quarter, the company posted a loss of 46 cents per share on revenue of $1.24 billion.
Analysts had predictable the company to report a profit of 69 cents per share on revenue of $1.28 billion.
Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Ongoing Care Retirement Communities (CCRCs)Rental, Brookdale Ancillary Services, and Administration Services.
Finally, Memorial Production Partners LP (NASDAQ:MEMP), ended its last trade with -19.59% loss, and closed at $7.51, hitting its lowest level.
Memorial Production Partners declared its operating and financial results for the three and six months ended June 30, 2015. In addition, MEMP offered an update of its commodity hedge positions presented in the Hedge Summary table below together with updated 2015 guidance.
Key Highlights
- Average daily production raised 10% to 247.8 MMcfe for the second quarter 2015, contrast to 224.8 MMcfe for the second quarter 2014.
- Revolver availability of about $642 million as of July 31, 2015.
- Strong commodity hedge portfolio with 85% of current predictable total production hedged in 2015, 84% in 2016, 70% in 2017, 64% in 2018 and 49% in 2019.
- Mark-to-market hedge book value of about $609 million as of July 31, 2015. All of MEMP’s current hedges are costless, fixed price swaps and collars.
Memorial Production Partners LP, through its partner, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties comprise of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California.
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