On Tuesday, Weight Watchers International, Inc. (NYSE:WTW)’s shares declined -5.77% to $4.16.
Weight Watchers International, Inc. (WTW) commenced an offer to prepay at a discount to par up to $229 million of Initial Tranche B-1 Term Loans outstanding under, and as defined in, and following the terms of, the Credit Agreement among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, The Bank of Nova Scotia, as revolving agent, swingline lender and an issuing bank, and the other parties thereto. On June 22, 2015, the Company accepted offers with a discount equal to or greater than 9.00% in respect of the Initial Tranche B-1 Term Loans. To complete the prepayment of the accepted offers, on June 26, 2015, the Company will expend an aggregate amount of cash proceeds totaling about $77.2 million plus an amount sufficient to pay accrued and unpaid interest on the amount to be prepaid to prepay about $84.9 million of the Initial Tranche B-1 Term Loans, resulting in about $7.6 million in savings on the payment.
Weight Watchers International, Inc. provides weight administration services worldwide. The company operates through North America, United Kingdom, Continental Europe, and Other segments. It offers a range of products and services comprising nutritional, exercise, and behavioral tools and approaches. The company also provides various products, counting bars, snacks, cookbooks, food, and restaurant guides with PointsPlus values, Weight Watchers magazines, PointsPlus calculators, and fitness kits, in addition to ActiveLink products.
Barclays PLC (ADR) (NYSE:BCS)’s shares dropped -0.87% to $16.00.
Barclays PLC (BCS) declared that during the Index rebalance that commences following the close of business on Friday, July 10, 2015, the following index constituent will be removed from the Atlantic Trust Select MLP Index (the “Index”):
- Enable Midstream Partners, LP (ENBL)
The Barclays ETN+ Select MLP ETNs are linked to the performance of the Volume-Weighted Average Price (“VWAP”) of the Index. The ETNs were listed on the NYSE Arca stock exchange in March 2013 under the ticker symbol ATMP. An investment in the ETNs involves noteworthyrisks, counting possible loss of principal, and may not be suitable for all investors. The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are speculative and may exhibit high volatility. The ETNs are also subject to certain investor fees, which will have a negative effect on the value of the ETNs. You are not guaranteed to receive coupon payments on the ETNs. You will receive a coupon payment on a coupon payment date only to the extent that the accrued dividend exceeds the accrued investor fee on the relevant coupon valuation date.
Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services. The company also provides brokerage and risk administration services across various asset classes, counting equity and fixed income, currency, and commodity products; planned advice on mergers and acquisitions, corporate finance, and planned risk administration solutions; and multi-asset class and macro-economic research services, in addition to offers credit cards and wholesale banking.
At the end of Tuesday’s trade, Linn Energy LLC (NASDAQ:LINE)‘s shares dipped -0.61% to $8.99.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable July 16, 2015, to unitholders of record as of the close of business on July 13, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable July 17, 2015, to shareholders of record as of the close of business on July 13, 2015.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
Alpha Natural Resources, Inc. (NYSE:ANR), ended its Tuesday’s trading session with -10.20% loss, and closed at $0.269.
Alpha Natural Resources, Inc. (ANR) declared that its wholly-owned partner, Pennsylvania Services Corporation (PSC), has attained the 50% interest in its natural gas exploration and production joint venture, Pennsylvania Land Resources Holding Company, LLC (PLR), owned by EDF Trading Resources, LLC (EDFTR). The $126 million transaction, which makes PSC the sole owner and operator of the venture, allows Alpha to expand and control a highly economic natural gas development program composed of over 25,000 net acres and associated infrastructure in the Marcellus Shale.
EDFTR and PSC initially formed the PLR joint venture in May 2013 to exploit a large, concentrated Marcellus Shale gas resource in Greene County, Pennsylvania. The concentrated acreage position is considered to be in the “core of the core” of the Marcellus Shale, one of the most profitable natural gas plays in the United States, and located adjacent to some of the most productive wells in the basin to date. PLR’s large, contiguous acreage position will allow efficient development of the resource with long laterals, maximizing both well productivity and returns. Noteworthy existing pipeline capacity located adjacent to or crossing PLR’s leased acreage also provides strong transportation optionality.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations. As of December 31, 2014, the company operated 60 mines and 22 coal preparation plants in Northern and Central Appalachia and the Powder River Basin.
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