On Wednesday, Brixmor Property Group Inc (NYSE:BRX)’s shares inclined 0.53% to $22.66.
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.
Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM)’s shares gained 8.24% to $12.74.
TowerJazz, the global specialty foundry leader, declared it is ramping high volume production of a touch screen controller developed by N-trig, an Israeli company. Recently, this advanced digital pen technology was attained by Microsoft for use with its Surface products. The touch screen controller, which enables special capabilities of sensing multi-fingers touch and a digital pen (stylus), will be produced using TowerJazz’s advanced 0.18-micron power administration process (TS18PM). N-trig’s ICs were designed by N-trig with the support of TowerJazz’s Netanya Design Center (NDC) in Israel and are being manufactured in its Migdal Haemek, Israel fabrication facility (Fab 2).
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures analog intensive mixed-signal semiconductor devices in the United States, Asia, and Europe. It produces integrated circuits (ICs) primarily based on third party designs, in addition to provides design support and related technical services.
At the end of Wednesday’s trade, CBL & Associates Properties, Inc. (NYSE:CBL)‘s shares surged 0.01% to $14.56.
CBL & Associates Properties, Inc. (CBL) declared that it closed on the disposition of Madison Plaza, a 154,000-square-foot community center in Huntsville, AL, for a total cash price of $5.7 million. Earlier in 2015, CBL sold the mall located adjacent to the center. These transactions are part of CBL’s strategy of upgrading its portfolio quality through dispositions of lower growth and non-core properties.
CBL also stepped down four loans totaling $322.7 million using availability under its lines of credit. The weighted average interest rate for the four loans was 5.0%. The loans were secured individually by CherryVale Mall in Rockford, IL, East Towne Mall in Madison, WI, West Towne Mall in Madison, WI, and Brookfield Square in Milwaukee, WI.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.
Memorial Resource Development Corp (NASDAQ:MRD), ended its Wednesday’s trading session with 1.57% gain, and closed at $19.37.
Memorial Resource Development Corp. (MRD) declared its operating and financial results for the three months ended June 30, 2015.
Financial highlights from second quarter 2015 comprise:
- Raised average daily production 39% to 268 MMcfe/d for the second quarter 2015 contrast to 193 MMcfe/d for the second quarter 2014.
- Stated Adjusted EBITDA(1) of $82.8 million for the second quarter 2015 contrast to $81.5 million for the second quarter 2014.
- Stated Adjusted Net Income(1) of $17.3 million for the second quarter 2015 contrast to $40.2 million for the second quarter 2014.
Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana. As of December 31, 2014, the company held leasehold interest in 210,854 net acres; and had estimated proved reserves of about 1,632 billion cubic feet of natural gas equivalent. The company was founded in 2011 and is based in Houston, Texas.
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