On Tuesday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -0.27% to $3.76.
Sirius XM Holdings, declared that its partner, Sirius XM Radio Inc., has reached an amendment to its existing senior secured revolving credit facility with a syndicate of banks and other financial institutions to enhance total commitments from $1.25 billion to $1.75 billion and extend the maturity to 2020, among other things. The amended facility is secured by substantially all the assets of Sirius XM Radio Inc. and its auxiliaries and was not drawn upon at closing. The company will use borrowings under its facility for working capital and other general corporate purposes, counting without limitation, share repurchases, dividends and the financing of acquisitions.
J.P. Morgan Chase Bank, N.A. acted as Administrative Agent. J.P. Morgan Securities LLC acted as a Joint Bookrunner together with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., Morgan Stanley MUFG Loan Partners, LLC, Credit Agricole Corporate and Investment Bank, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs, Mizuho Bank, LTD., RBC Capital Markets, Scotiabank, SunTrust Robinson Humphrey, Inc., U.S. Bancorp Investments Inc., and Wells Fargo Securities LLC.
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Groupon, Inc. (NASDAQ:GRPN), declined -1.06% to $5.59, during its last trading session, despite technology stocks were higher Tuesday with shares of technology companies in the S&P 500 rising about 0.6% in afternoon trade.
On June 5, Blue Calypso, Inc. (BCYP), declared the Court has reset a Claim Construction Hearing, or “Markman hearing” for July 8, 2015 in the Eastern District of Texas for Blue Calypso’s patent infringement lawsuits against Groupon (GRPN), Foursquare, Yelp (YELP) and IZEA. The hearing had been planned for Jun 29, 2015. Judge Rodney Gilstrap will preside.
Dallas-based Blue Calypso, Inc. (BCYP) develops and delivers an innovative location-centric mobile shopper engagement platform for brands and retailers using its patented portfolio of products, counting KIOSentrix(TM), Mobile ADvantage(TM), DashTAGG(R) and SOCIALECHO(TM).
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Finally, Reynolds American Inc. (NYSE:RAI), ended its last trade with 1.36% gain, and closed at $73.59, after the company had coverage reinstated with a “buy” rating by analysts at Goldman Sachs.
The firm added Reynolds American to its “Conviction Buy List” with an $81 price target.
Goldman said the tobacco producer has a “best-in-class” brand portfolio following its acquisition of Lorillard (LO).
Winston Salem, N.C.-based Reynolds American operates through three segments counting RJR Tobacco, American Snuff and Santa Fe.
Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names.
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