During Monday’s Current trade, Shares of Mechel OAO (ADR) (NYSE:MTL), gain 5.77% to $0.908.
Mechel OAO (MTL), one of the leading Russian mining and metals companies, declares the decisions made at the general meetings of 13 and 14-series bondholders regarding changes to the current repayment plan and the interest rate for the future periods.
The bondholders have approved by absentee ballot the new restructuring parameters for the 13th and 14th series bonds (state number 4-13-55005-E dated 10.08.2010 and state number 4-14-55005-E dated 10.08.2010 respectively). Of those participating, 82% of holders of the 13th series and 79% of holders of the 14th series voted in favor of the offered conditions.
According to the restructuring conditions, the bonds’ nominal value will be partly repaid during four years at the dates set for the end of 13-19 coupon periods. The interest rate will be calculated as a simple average between the Bank of Russia’s key rate plus 4% and the fixed coupon for each year.
10% of the bonds will be bought back as part of the offer on September 28, 2015. Another 10% will be bought back by the issuer as part of the offer within a year — 5% on March 1 and 5% on August 30, 2016.
Mechel OAO, together with its auxiliaries, engages in mining and steel businesses in the Russian Federation, the Commonwealth of Independent States, Europe, Asia, the Middle East, and internationally.
Shares of Verisign, Inc. (NASDAQ:VRSN), inclined 1.47% to $70.98, during its current trading session.
VeriSign, Inc. (VRSN), a global leader in domain names and Internet security, recently declared two million domain names were added to the Internet in the second quarter of 2015, bringing the total number of registered domain names to 296 million worldwide across all top-level domains (TLDs) as of June 30, 2015, according to the latest Domain Name Industry Brief.
The enhance of two million domain names globally equates to a growth rate of 0.8 percent over the first quarter of 2015. Worldwide registrations have grown by 16.4 million, or 5.9 percent, year over year.
The .com and .net TLDs practiced aggregate growth in the second quarter of 2015, reaching a combined total of about 133.5 million .com and .net domain names in the domain name base. This represents a 3.1 percent enhance year over year. As of June 30, 2015, the domain name base of .com equaled 118.5 million names, while .net equaled 15 million names.
In the second quarter, Verisign processed 8.7 million new domain name registrations for .com and .net, as contrast to 8.5 million domain names for the same period in 2014.
VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, in addition to the back-end systems for .gov, .jobs, .edu domain names, and others. Its registry services allow individuals and organizations to establish their online identities.
Zayo Group Holdings Inc (NYSE:ZAYO), during its Monday’s current trading session decreased -1.42% to $28.49.
Zayo Group Holdings, Inc. (ZAYO), a global provider of bandwidth infrastructure, recently declared that it has sold dark fiber services on its Omaha to Dallas route, which is presently in development, to seven additional customers since the initial anchor customer sale in mid 2014. The fiber route will connect Omaha, Kansas City, Bentonville, Arkansas, Tulsa and Dallas.
“Most of Zayo’s committed capital projects are tied to signed customer contracts with an associated positive return,” explained Ken desGarennes, CFO at Zayo. “With the Omaha to Dallas project, a portion of the capital was speculative in our view, meaning we needed follow-on sales to achieve a desired return profile.”
The Omaha to Dallas route is planned to be accomplished in late 2016, ahead of the originally declared 2017 completion.
Zayo’s intercity dark fiber network, which comprises about 15,000 route miles of owned network nationwide, addresses the requirements of enterprise, carrier, cable and content companies for scalable, high-capacity infrastructure. Zayo has declared additional intercity construction projects, counting Sacramento to Salt Lake City, Washington D.C. to Atlanta and Phoenix to Dallas.
Zayo Group Holdings, Inc., through its auxiliaries, provides bandwidth infrastructure solutions for the communications industry in the United States and Europe. The company operates in three segments: Physical Infrastructure, Lit Services, and Other.
Finally, Varian Medical Systems, Inc. (NYSE:VAR), gained 1.75%, to $78.97.
Varian Medical Systems (VAR) is announcing several events for investors, counting its ASTRO investor meeting in San Antonio, TX, its fourth quarter and fiscal year 2015 earnings report and conference call, and a fiscal 2015 year-end & fiscal 2016 outlook meeting in New York.
Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software products for treating cancer and other medical conditions in the United States. The company operates in two segments, Oncology Systems and Imaging Components. The Oncology Systems segment provides hardware and software products for treating cancer with radiotherapy, stereotactic radiotherapy, stereotactic body radiotherapy, stereotactic radiosurgery, and brachytherapy. Its products comprise linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, and accessories; and information administration, treatment planning, and image processing software.
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