On Wednesday, Shares of Eclipse Resources Corp (NYSE:ECR), lost -1.75% to $5.61.
Eclipse Resources Corp, declared private placement of senior notes to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended. The Company will issue $550 million aggregate principal amount of 8.875% senior unsecured notes due 2023. The Notes will be issued at a price of 97.903% of their face value. The offering is predictable to close on July 6, 2015, subject to customary closing conditions.
The Company estimates that it will receive net proceeds of about $525.5 million, after deducting original issue discount, the initial purchasers’ discounts and estimated offering expenses, of which it intends to use about $510.7 million to finance the redemption of the Company’s outstanding 12.0% senior unsecured PIK notes due 2018. The Company intends to use the remaining net proceeds to fund the Company’s capital expenditure plan and for general corporate purposes.
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas.
Shares of LPL Financial Holdings Inc (NASDAQ:LPLA), declined -1.93% to $46.73, during its last trading session.
LPL Financial Holdings, declared that it has named Tom Gooley managing director of service, trading and operations, effective June 25. Gooley will report to Mark Casady, LPL chairman and CEO, and will serve as a member of the firm’s Administration Committee.
“In searching for a leader for this critical group of functions, we sought an practiced change agent with the ability to transform our service model and take it to the next level,” said Casady. “Tom is well respected in the industry and has built a reputation for moving the needle within large-scale organizations to achieve high levels of advisor and employee satisfaction. He has a proven track record of developing planned solutions and implementing effective policy and process improvements. We are excited that Tom will now draw on those same talents to further enhance the service and support we provide to our clients.”
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States.
At the end of Wednesday’s trade, Shares of Motorola Solutions Inc (NYSE:MSI), lost -1.37% to $58.31.
More than 1,000 U.S. employees at Motorola Solutions (MSI) have signed letters urging Congress to pass the Bipartisan Congressional Trade Priorities and Accountability Act (TPA).
The trade legislation, passed by the U.S. Senate last month and pending a vote in the U.S. House of Representatives, is critical for the growth of any global business. The legislation would establish concrete rules for international trade negotiations that would promote growth.
Motorola Solutions, Inc. provides mission-critical communication infrastructure, devices, software, and services in North America, Latin America, the Asia Pacific, the Middle East, Europe, and Africa.
Finally, Newcastle Investment Corp. (NYSE:NCT), ended its last trade with -2.07% loss, and close at $4.72.
Newcastle Investment Corp., declared that its Board of Directors has declared a cash dividend on its common stock of $0.12 per share for the quarter ending June 30, 2015. The dividend is payable on July 31, 2015 to shareholders of record on July 2, 2015.
The Board of Directors also declared dividends on the Company’s preferred stock for the period starting May 1, 2015 and ending July 31, 2015. The dividends are payable on July 31, 2015 to shareholders of record on July 2, 2015. The Company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.
Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, counting senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities.
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