On Thursday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -0.26% to $3.91.
Sirius XM Holdings declared that it will offer subscribers a chance to win two tickets to see Pope Francis celebrate mass at Madison Square Garden during his first visit to the United States in September.
Pope Francis will visit Washington DC, New York and Philadelphia from September 22-27. The Holy Father will celebrate mass at iconic Madison Square Garden in New York on September 25 and while tickets to this and other Papal events are free, they are limited in number and in very high demand.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Magnum Hunter Resources Corp. (NYSE:MHR), inclined 10.51% to $0.82, during its last trading session, hitting its lowest level.
Magnum Hunter Resources Corporation declared that the Board of Directors has designated Keith Yankowsky as Executive Vice President and Chief Operating Officer effective September 1, 2015. Mr. Yankowsky, age 50, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter.
Mr. Yankowsky brings more than 28 years of engineering experience, counting operations, drilling and completions, within large independent oil and natural gas companies focused on both conventional and unconventional resource plays. Preceding to his appointment at Magnum Hunter, Mr. Yankowsky served as Vice President of Appalachia South Business Unit at Chesapeake Energy Corporation (“Chesapeake”) since 2013. During his nine year tenure at Chesapeake, he also held the title of Vice President of Engineering Technology and Special Projects and was involved in overseeing a variety of engineering and operational functions specifically related to horizontal drilling and fracture stimulation techniques within the Marcellus and Utica Shale plays. Mr. Yankowsky played a vital role in the discovery and development of many of the most prolific onshore U.S. unconventional resource plays for Chesapeake. In addition, he was responsible for the successful development and growth of certain Appalachian assets for Chesapeake and has overseen the successful disposition of some of these assets to other industry competitors. Preceding to joining Chesapeake, Mr. Yankowsky served in various operational and engineering roles at Burlington Resources and Conoco Inc. Mr. Yankowsky earned a Bachelor of Science in Petroleum Engineering degree from Marietta College, Marietta Ohio.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Finally, American Capital, Ltd. (NASDAQ:ACAS), ended its last trade with 5.48% gain, and closed at $13.66.
American Capital declared that it has reached a definitive agreement to establish American Capital CLO Fund I, LP (“American Capital CLO Fund I” or the “Fund”), a new $450 million fund focused on investing in equity tranches of collateralized loan obligations (“CLOs”). Closing of the Fund is predictable to occur within 90 days and is subject to standard conditions. The transaction further expands American Capital’s asset administration business and will enhance American Capital’s third-party earning assets under administration by $450 million, or 3%.
The Fund, which will be comprised entirely of third party investors, will purchase $300 million of American Capital’s existing CLO equity portfolio at its fair value as of June 30, 2015, subject to standard adjustments. The Fund will have $150 million of investment capacity and an associate of American Capital’s asset administration company, American Capital Asset Administration, LLC (“ACAM”), will manage the fund for customary administration and incentive fees.
The proceeds are predictable to be used by American Capital for general corporate purposes, counting for its investment and lending activities.
American Capital, Ltd. is a private equity and venture capital firm specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments.
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