On Friday, Atlas Resource Partners, L.P. (NYSE:ARP)’s shares declined -1.05% to $7.51.
Atlas Resource Partners, L.P. (ARP) declared that it has priced an underwritten public offering of 6,500,000 common units representing limited partner interests at an offering price of $7.97 per unit. Wells Fargo Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan and Morgan Stanley are acting as joint book-running managers for this offering. The underwriters have been granted a 30-day option to purchase up to an additional 975,000 common units. The net proceeds of the offering, assuming no exercise of the over-allotment option, after underwriting discounts and estimated expenses, are about $49.5 million.
ARP intends to use a portion of the net proceeds from this offering to fund its declared acquisition of assets in the Arkoma basin in eastern Oklahoma from its parent company, Atlas Energy Group, LLC (ATLS). Proceeds raised in this offering in excess of the purchase price of the Arkoma acquisition are predictable to be used for general partnership purposes, to reduce borrowings outstanding under ARP’s revolving credit facility and for potential future acquisitions.
Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Administration.
El Pollo LoCo Holdings Inc (NASDAQ:LOCO)’s shares dropped -1.18% to $22.53.
El Pollo LoCo Holdings Inc (LOCO) declared financial results for the 13-week ended April 1, 2015.
Highlights for the first quarter ended April 1, 2015, contrast to the first quarter ended March 26, 2014 were as follows:
- Total revenue raised 11.1% to $90.4 million contrast to $81.4 million.
- System-wide comparable restaurant sales grew 5.1%, counting a 3.5% enhance for company-operated restaurants, and a 6.2% enhance for franchised restaurants.
- Net income was $6.8 million, or $0.17 per diluted share, contrast to net income of $5.5 million, or $0.18 per diluted share.
- Pro forma net income(1)raised 40.1% to $7.1 million, or $0.18 per diluted share, contrast to $5.0 million, or $0.13 per diluted share.
- Adjusted EBITDA(1)raised 11.6% to $16.6 million.
El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States.
At the end of Friday’s trade, Philip Morris International Inc. (NYSE:PM)‘s shares dipped -1.16% to $84.15.
Philip Morris International Inc. (PM) will address investors recently at the Goldman Sachs Global Staples Forum in New York. He will be joined during the question and answer session by Chief Financial Officer Jacek Olczak.
The presentation and Q&A session are being webcast live, in a listen-only mode, startning at about 9:30 a.m. ET, at www.pmi.com/webcasts.
An archived copy of the webcast will be accessible at www.pmi.com/webcasts until 5:00 p.m. ET on Wednesday, June 10, 2015. Remarks and slides will also be accessible at www.pmi.com/presentations.
Philip Morris International Inc., through its auxiliaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White.
SYSCO Corporation (NYSE:SYY), ended its Friday ‘s trading session with -1.1% loss, and closed at $37.67.
SYSCO Corporation (SYY) declared that its Board of Directors declared a regular quarterly cash dividend of $0.30 per share, payable on July 24, 2015, to common shareholders of record at the close of business on July 2, 2015.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments.
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