On Thursday, Honeywell International Inc. (NYSE:HO)’s shares declined -0.31% to $102.52.
Honeywell’s (HON) declared its support of the U.S. Environmental Protection Agency decision to restrict the use of high-global-warming hydrofluorocarbons (HFCs) in a variety of applications counting refrigerants, aerosols and foam insulation blowing agents. These actions will drive adoption of materials with radically lower global warming potentials.
According to the EPA, the projected rule would eliminate an estimated 54 to 64 million metric tons of carbon dioxide equivalent from the atmosphere in 2025. This is the equivalent of removing the carbon dioxide emissions from the annual electricity use of more than 5.8 million homes.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
AerCap Holdings N.V. (NYSE:AER)’s shares dropped -0.33% to $45.64.
AerCap Holdings N.V (AER) declared the completion of the secondary public offering of 71,184,686 of its ordinary shares by American International Group, Inc. (the “Selling Shareholder”) at a price to the public of $49.00 per ordinary share. In connection with the underwritten offering, the Selling Shareholder also granted the underwriters a 30-day option to purchase up to an additional 10,677,702 ordinary shares. AerCap will not receive any proceeds from the sale of the ordinary shares. AerCap also accomplished its formerly declared repurchase of 15,698,588 of its ordinary shares from the Selling Shareholder for $750 million.
Citigroup and Goldman, Sachs & Co. are serving as global coordinators and joint book running managers, and J.P. Morgan, Morgan Stanley & Co. LLC and UBS Investment Bank are serving as joint book running managers for the underwritten offering.
The Company has filed a registration statement (counting a prospectus) on Form F-3 with the SEC for the underwritten offering to which this communication relates. The registration statement automatically became effective upon filing on March 31, 2015. Investors should read the accompanying prospectus dated March 31, 2015, the prospectus supplement regarding the offering dated June 3, 2015 and other documents the Company has filed with the SEC for more complete information about the Company and this offering. These documents may be obtained for free by visiting EDGAR on the SEC`s website at www.sec.gov.
AerCap Holdings N.V., an independent aircraft leasing company, engages in the leasing, financing, sale, and administration of commercial aircraft and engines. The company provides aircraft asset administration and corporate services, counting remarketing aircraft; collecting rental and maintenance payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews. Its aircraft asset administration services also comprise periodically inspecting the leased aircraft; coordinating technical modifications to aircraft to meet new lessee requirements; conducting restructurings negotiations in connection with lease defaults; repossessing aircraft; arranging and monitoring insurance coverage; registering and de-registering aircraft; arranging for aircraft and aircraft engine valuations; and providing market research services 0.08% gain, and closed at $94.29.
At the end of Thursday’s trade, Omnicare, Inc. (NYSE:OCR)‘s shares surged 0.06% to $94.26.
Omnicare, Inc. (OCR) declared that, for the period from June 15, 2015 to September 14, 2015, its Series A and Series B Trust Preferred Income Equity Redeemable Securities (NYSE:OCR.PRA and OCR.PRB) (the “Trust PIERS”) will, subject to the terms of the Trust PIERS, accrue contingent interest at a rate of 0.125% of the average trading price of the Trust PIERS for the five trading days ended June 11, 2015, in addition to the continued accrual of regular cash interest. As formerly declared, the Trust PIERS have accrued and paid contingent interest (ranging from $0.07 to $0.11 per $50 stated liquidation amount of Trust PIERS) for each quarterly interest period since June 2013.
Contingent cash interest, which Omnicare has determined to be about $0.145 per $50 stated liquidation amount of Trust PIERS for the current interest period, will be payable to holders of the Trust PIERS as of the record date of September 14, 2015. The payment of contingent cash interest is predictable to be made on September 15, 2015.
Contingent cash interest, which Omnicare has determined to be about $0.145 per $50 stated liquidation amount of Trust PIERS for the current interest period, will be payable to holders of the Trust PIERS as of the record date of September 14, 2015. The payment of contingent cash interest is predictable to be made on September 15, 2015. Omnicare, Inc. operates as a healthcare services company that specializes in the administration of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings.
PNC Financial Services Group Inc (NYSE:PNC), ended its Thursday’s trading session with -0.60% loss, and closed at $96.47.
PNC Financial Services Group Inc (PNC) Motorcar Parts of America, Inc. (MPAA) declared it has reached a $125 million credit facility with PNC Bank National Association (PNC) comprising of a $100 million revolver and $25 million term loan.
Loans outstanding under the new credit facility bear interest, at the company’s option, at the domestic rate or at the LIBOR rate plus, in each case, an applicable per annum margin. The current applicable LIBOR interest rate for both the revolver and the term loan is 2.94%, comprising of LIBOR of 0.19% plus a margin of 2.75%. The new credit facility replaces a previous credit facility, comprised of an outstanding $82.4 million term loan and an undrawn $40 million revolver. The applicable LIBOR interest rate for the previous term loan was 6.75%, comprising of a LIBOR floor of 1.50% plus a margin of 5.25%. Post-closing, the company had a $25 million term loan outstanding, in addition to $15 million of borrowings on the revolving credit facility.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Administration Group, Residential Mortgage Banking, BlackRock, and Non-Planned Assets Portfolio. The Retail Banking segment offers deposit, lending, brokerage, investment administration, and cash administration services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels.
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