On Friday, Brixmor Property Group Inc (NYSE:BRX)’s shares declined -0.04% to $24.65.
Brixmor Property Group Inc. (BRX) declared that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced its formerly declared offering of $500 million aggregate principal amount of 3.875% Senior Notes due 2022 (the “Notes”). The Notes will be issued at 99.223% of par value with a coupon of 3.875%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2016. The Notes will mature on August 15, 2022. The offering is predictable to close on August 10, 2015, subject to customary closing conditions.
The Operating Partnership anticipates to use all or a portion of the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.
Brixmor Property Group Inc. owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. As of March 31, 2013, the company owned interests in 532 community and neighborhood shopping centers comprising 526 wholly owned community and neighborhood shopping centers; and 6 community and neighborhood shopping centers held through unconsolidated real estate joint ventures. Brixmor Property Group Inc. was formerly known as CENTRO SUPER RESIDUAL HOLDING 2 LLC.
Servicesource International Inc (NASDAQ:SREV)’s shares gained 19.28% to $5.70.
ServiceSource® ( SREV), the global leader in recurring revenue administration, declared financial results for the second quarter ended June 30, 2015.
GAAP revenue was $61.6 million in the second quarter, representing a 6.6% decrease from the $66.0 million delivered in same the period in the preceding year. Non-GAAP revenue, which excludes the impact of the reduction of deferred revenue in connection with our acquisition of Scout Analytics, was $61.7 million, reflecting a 7.0% decrease from the same period in the preceding year.
For the second quarter of fiscal year 2015, adjusted EBITDA was a loss of $0.2 million, contrast with a loss of $9.7 million for the same period last year. GAAP net loss in the quarter was $13.4 million, or $0.16 per share, contrast with GAAP net loss of $21.1 million, or $0.25 per share, for the same period last year. Non-GAAP net loss in the quarter was $1.7 million contrast with a net loss of $7.3 million for the same period last year. Non-GAAP EPS was a $0.02 loss per basic and diluted share, contrast with a loss of $0.09 per basic and diluted share for the same period last year.
ServiceSource International, Inc. provides recurring revenue administration, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates in two segments: Managed Services, and Cloud and Business Intelligence. It offers end-to-end administration and optimization of the service-contract renewals process, counting data administration, quoting, selling, and recurring revenue business intelligence.
At the end of Friday’s trade, Restaurant Brands International Inc (NYSE:QSR)‘s shares dipped -0.49% to $42.86.
The BURGER KING® brand is owned by Restaurant Brands International Inc (NYSE:QSR). The BURGER KING McLAMORESM Foundation declared recently that it is making the dreams of close to 2,500 students a reality. Through its BURGER KINGSM Scholars program, $2.7 million in scholarships — counting three $50,000 grants — are being awarded to exceptional high school graduates and BK® employees in the U.S., Canada and Puerto Rico.
Recognizing thousands of world-changing students through various scholarship levels, the program opens countless doors for students across North America, putting college within their reach and allowing them to seize unprecedented opportunities.
It all began in 2000, when BURGER KING® franchisees initiated the program. Since then, the BURGER KINGSM Scholars program—administered by the BURGER KING McLAMORESM Foundation since 2005—has touched the lives of more than 24,000 students, awarding $25.3 million in financial assistance to be used toward their educational advancement. This year alone, the program awarded three $50,000 James W. McLamore WHOPPER® Scholarship Awards, 10 $5,000 regional scholarships and close to 2,500 $1,000 scholarships to graduates.
These extraordinary students carry on the legacy of BURGER KING® brand co-founder James W. McLamore, the inspiration for the Foundation and a committed philanthropist whose dedication to education made him a pillar of community service throughout his lifetime.
Restaurant Brands International Inc. owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. As of February 17, 2015, it franchised or owned 19,043 restaurants in about 100 countries and U.S. territories worldwide. The company was founded in 1954 and is headquartered in Oakville, Canada.
Dr Pepper Snapple Group Inc. (NYSE:DPS), ended its Friday’s trading session with -0.51% loss, and closed at $81.87.
Dr Pepper Snapple Group, Inc. (DPS) declared that its Board of Directors declared a quarterly dividend of $0.48 per share on the company’s common stock. The dividend is payable in U.S. dollars on October 2, 2015, to shareholders of record on September 14, 2015.
Dr Pepper Snapple Group, Inc. operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Canada, Mexico, and the Caribbean. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbona
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