During Tuesday’s Morning trade, Shares of Energy Transfer Equity, L.P. (NYSE:ETE), gained 0.66% to $65.49.
Energy Transfer Equity, declared the pricing of $650 million aggregate principal amount of its 2.500% senior notes due 2018, $350 million aggregate principal amount of its 4.150% senior notes due 2020, $1.0 billion aggregate principal amount of its 4.750% senior notes due 2026 and $1.0 billion aggregate principal amount of its 6.125% senior notes due 2045, at a price to the public of 99.946%, 103.113% (plus accrued interest from April 1, 2015), 99.275% and 99.619%, respectively, of their face value. The senior notes due 2020 are being offered as additional notes under an indenture following which ETP issued $700 million aggregate principal amount of 4.150% senior notes due 2020 on September 19, 2013. These additional senior notes due 2020 and the existing senior notes due 2020 will be treated as a single series of securities under such indenture.
The sale of the senior notes is predictable to settle on June 23, 2015, subject to customary closing conditions. ETP intends to use the net proceeds of about $2.98 billion from this offering to repay borrowings outstanding under ETP’s revolving credit facility, to fund growth capital expenditures and for general partnership purposes.
Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and Mitsubishi UFJ Securities (USA), Inc. are acting as joint book-runners for the offering.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Shares of Weatherford International plc (NYSE:WFT), inclined 0.45% to $13.32, during its current trading session.
Weatherford International, introduced the commercial release of the IntegraLine™ liner system with swage technology at the International Association of Drilling Contractors (IADC) World Drilling 2015 Conference and Exhibition. Operators recently are more likely to encounter challenging well environments than routine ones. Designed and engineered by Weatherford for critical environments, the IntegraLine high-performance liner system provides maximum reliability in critical applications such as ultra deepwater, extended-reach, and sour-gas wells with high pressures and temperatures.
The IntegraLine liner system is comprised of three premium components: the polished bore receptacle, liner-top packer, and rotational hanger. The packer features swage sealing technology that forms an anti-extrusion, gas-tight barrier between the outer diameter of the packer body and the inner diameter of the host casing. This configuration reduces equipment failures that may threaten well integrity, allowing clients to achieve total depth efficiently while withstanding harsh conditions. Alternative components are also accessible to create a fit-for-purpose liner-hanger solution for specific, complex applications.
“Mitigating risks through the use of reliable technology is crucial to any operation,” said Brent Emerson, Vice President of Well Construction at Weatherford. “We are here to do that for critical wells. Our new IntegraLine system is another step in our continued technology evolution to provide premium solutions to our clients. We offer a comprehensive service from application engineering to the successful installation of liner systems that will ensure well integrity.”
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
Finally, Yandex N.V. (NASDAQ:YNDX), lost -1.69%, and is now trading at $15.99.
Yandex, presents a new media player service Yandex.Radio.
With more than 100 stations differentiated by genre, mood and context, Yandex.Radio allows users to effortlessly tune in to music that suits their tastes and situation — energetic, sentimental or fun; music for travel, jogging or a romantic date; songs from the 1950s, or timeless hits from different decades.
It is Yandex’s second music service after the recommendation-based Yandex.Music, sharing its catalog of more than 20 million tracks.
Different people may prefer different types of music for the same situation, so the service adapts to listeners’ tastes and plays music that matches their individual preferences. Yandex’s music recommendation technology Disco takes care of what kind of music plays in an individual’s stations; the longer a user listens to Yandex.Radio, the better Disco gets to know their tastes. Users can assist the service learn about their music preferences faster by clicking the thumbs-up or thumbs-down rating — or by skipping tracks altogether.
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets.
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