On Friday, Shares of Wells Fargo & Company (NYSE:WFC), lost -3.83% to $53.97.
Wells Fargo & Company has teamed up with three time GRAMMY award winning Zac Brown Band to introduce concert goers to the No Barriers Warrior Strong Pledge and Warriors to Summits. The program empowers a team of veterans and transitioning service members with disabilities to overcome barriers – both small and huge – by working together to live a life of purpose. Wells Fargo has been committed to military, veterans and their families for more than 160 years and has sponsored the 2014 and 2015 Warriors to Summits programs.
The 2015 Warriors to Summits team of wounded veterans is training to ascend Gannett Peak in Wyoming on Sept 11, 2015 following three team training sessions. During their second training in Park City, Utah, the team had the opportunity to meet Zac Brown Band. Like Wells Fargo, Zac and his band have been strong supporters of those serving the nation, veterans and their families and look forward to promoting the Warriors to Summits program.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Yamana Gold, Inc. (NYSE:AUY), declined -4.17% to $2.30, during its last trading session.
The stock rose by 4.55% in the past week and 12.2% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 10.95% and the outperformance enhances to 18.39% for the last 4 weeks.
Yamana Gold Inc. engages in gold mining and related activities, counting exploration, extraction, processing, and reclamation. The company has precious metal properties and land positions in the Americas.
Finally, SandRidge Energy, Inc. (NYSE:SD), ended its last trade with -5.06% loss, and closed at $0.45, hitting its lowest level.
SandRidge Energy declared that the Company has reached privately negotiated purchase and exchange agreements under which it will repurchase $250 million aggregate principal amount of its senior unsecured notes for $94.5 million cash and exchange $275 million of notes into new convertible notes.
James Bennett, President and CEO, commented, “We are very happy with the execution of this transaction and its effect on the Company’s financial position. This represents a noteworthyfirst step in reducing SandRidge’s debt and improving our balance sheet. In this transaction we addressed $525 million of senior unsecured debt, by repurchasing senior unsecured notes at a substantial discount to face value, also right away eliminating about $19 million in annual interest expense, and modifying additional outstanding debt to convert into equity at a noteworthy premium to the current share price.”
The Company will exchange $15.9 million aggregate principal amount of the 2020 Outstanding Notes, $40.7 million aggregate principal amount of the 2021 Outstanding Notes, $101.8 million aggregate principal amount of the 2022 Outstanding Notes and $116.6 million aggregate principal amount of its 2023 Outstanding Notes for $158.4 million aggregate principal amount of its new 8.125% Convertible Senior Notes due 2022 and $116.6 million aggregate principal amount of its new 7.5% Convertible Senior Notes due 2023 (all such Convertible Senior Notes are referred to below as the “New Convertible Notes”).
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
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