On Monday, in the course of current trade, Shares of Amazon.com, Inc. (NASDAQ:AMZN), dropped -1.20%, and is now trading at $424.88.
Amazon.com, declared the second season of its Emmy-nominated original kids series Annedroids will premiere on Thursday, July 2 for Amazon Prime members in the US. Created by Emmy Award-winning producer/director J.J. Johnson (Dino Dan) and Sinking Ship Entertainment (Odd Squad), the new season features the voice of Geena Davis and is aimed at children aged six through 11. Annedroids is a live-action adventure series about Anne, a young female scientist, her human friends and the android assistants she’s created, and the amazing scientific discoveries they make while undertaking the biggest experiment of them all: growing up. The series spotlights, through trial and error, how science, technology, engineering, and math (STEM) can inspire children to do great things.
The second season of Annedroids finds Anne and friends back in the junkyard for more experiments, taking their adventures to the next level. As Nick and Shania return to school after spending their summer in the junkyard, Anne finds new ways to stay in touch using Pidgely, a pigeon with a broken wing she equips with a rocket suit. Pal (voiced by Millie Davis, Orphan Black) ventures outside the junkyard and expresses a desire to be a real kid. Also this season, a mysterious robotics scientist offers Anne the opportunity of a lifetime, forcing Anne to make some tough decisions about her friends, family and future. Along the way, the kids use DNA to track a lost dog, confront dinosaurs in nightmares, and send the androids to space.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers.
During an Afternoon trade, Shares of Key Energy Services, Inc. (NYSE:KEG), dipped - 4.73%, and is now trading at $1.91.
Key Energy Services, declared that it has closed a $100 million asset-based revolving credit facility (“ABL”) due February 2020 and closed and funded a $315 million term loan facility due June 2020. The Facilities replace Key’s existing $400 million senior revolving credit facility.
The Facilities do not have cash flow based financial maintenance covenants; however, the Facilities require Key to maintain $100 million in liquidity, counting cash and availability under the ABL. Upon closing, Key had $270.6 million of liquidity, assuming the completion of certain post-closing collateral perfection requirements. The Facilities also require Key to maintain the ratio of the net orderly liquidation value of its assets and certain term loan proceeds to term loan borrowings of 1.5x. As of the date of closing, this ratio was 2.15x. The ABL also comprises a fixed charge coverage ratio of 1.0x, which is tested only if excess availability under the ABL falls below a specified threshold or upon the occurrence of certain other events. The term loan was issued at an OID of 3.0% with an annual rate of LIBOR plus 9.25% with a 1.00% LIBOR floor. The ABL bears interest at an annual rate on outstanding borrowings of LIBOR plus 4.5%, with a fee on unused commitments ranging from 1.00% - 1.25% based on utilization. Key plans to file copies of the Facilities with the U.S. Securities and Exchange Commission as exhibits to a Current Report on Form 8-K, and reference should be made to the Facilities for a complete description of their terms.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
Shares of Radian Group Inc (NYSE:RDN), during its Monday’s current trading session fell - 0.03%, and is now trading at $ 18.35.
Radian Group, declared that it has commenced an underwritten public offering of $300 million aggregate principal amount of its senior unsecured notes due 2020. Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are acting as the book-running managers for the Offering. The Offering is subject to market conditions, and there can be no assurance as to whether the Offering will be accomplished, or as to the actual size or terms of the Offering.
The Company intends to use the net proceeds from the Offering, together with shares of its common stock, to purchase some of its outstanding 2017 Convertible Notes and thereafter, to repurchase some of the common stock the Company may issue in connection with such purchases, and otherwise for general corporate purposes.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).
Finally, Basic Energy Services, Inc (NYSE:BAS), lost -0.82% Monday, hitting its highest level.
Basic Energy Services, stated selected operating data for the month of May 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 48,200 producing a rig utilization rate of 50%, contrast to 50% and 70% in April 2015 and May 2014, respectively.
During the month, Basic’s fluid service truck count reduced by two to 1,006. Fluid service truck hours for the month were 189,900 contrast to 190,600 and 213,400 in April 2015 and May 2014, respectively.
Drilling rig days for the month were 96 producing a rig utilization of 26%, contrast to 34% and 89% in April 2015 and May 2014, respectively.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
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