On Wednesday, SM Energy Co (NYSE:SM)’s shares declined -3.08% to $46.53.
SM Energy Co (SM) declares that it commenced an offer to exchange all of its outstanding $600 million 6.125% Senior Notes due 2022, which have been registered under the Securities Act of 1933 in exchange for its outstanding $600 million 6.125% Senior Notes due 2022, which were issued on November 17, 2014, in a private placement. The Exchange Notes are being offered following a registration rights agreement formerly reached in connection with the issuance of the Outstanding Notes. The exchange offer is being conducted upon the terms and subject to the conditions set forth in the prospectus dated June 10, 2015, and the related letter of transmittal.
The terms of the Exchange Notes are substantially identical to the terms of the Outstanding Notes, except that provisions regarding transfer restrictions, registration rights and additional interest will not apply to the Exchange Notes. The exchange offer is limited to holders of the Outstanding Notes. The exchange offer is planned to expire at 5:00 p.m. New York time on July 9, 2015, unless extended. Outstanding Notes tendered following the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus and the related letter of transmittal. Copies of the prospectus and the related letter of transmittal may be obtained from U.S. Bank National Association, which is serving as the exchange agent for the exchange offer.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America.
Prologis Inc (NYSE:PLD)’s shares gained 0.82% to $39.39.
Prologis Inc (PLD) has finally accomplished the acquisition of KTR Capital Partners’ (KTR) real estate assets and operating platform in addition to its associates for $5.9 billion. The buyout is predictable to provide a strong boost to the company’s position in the U.S. target markets. Following the acquisition, the company has also raised its core funds from operations (“FFO”) outlook for 2015.
Prologis’ share of the accomplished purchase was valued at around $3.2 billion. That comprised of $2.6 billion in cash, $400 million in secured mortgage debt assumption and issuance of $202 million in common limited partnership units in Prologis, L.P.
The acquisition took place through Prologis U.S. Logistics Venture (“USLV”) in a 55–45 merged joint venture with Norges Bank Investment Administration (NBIM), which is the manager of the Norwegian Government Pension Fund Global. The deal brought around 60 million square feet of operating portfolio to Prologis. It also comprised of 3.6 million square feet of development-in-progress space in addition to a well-located land bank that offers a build-out potential of 6.7 million square feet.
Prologis anticipates the deal to be accretive to its annual core FFO by around 9 cents per share. This led to an upward revision in its 2015 core FFO guidance range to $2.16–$2.22 per share from $2.07–$2.13 per share guided earlier, representing year-over-year growth of over 16% at the midpoint.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust. Prologis Inc. was formed in 1991 and is based in San Francisco, California with an additional office in Denver, Colorado.
At the end of Wednesday’s trade, SanDisk Corporation (NASDAQ:SNDK)‘s shares surged 0.67% to $67.26.
SanDisk Corporation (SNDK) launched two new, USB 3.0 flash drives – the 128GB* SanDisk Ultra Fit™ USB 3.0 Flash Drive, the world’s smallest USB 3.0; and the 256GB SanDisk Ultra® USB 3.0 Flash Drive, SanDisk’s highest capacity USB flash drive to-date. The new offerings enhance SanDisk’s award-winning USB line-up with impressive capacities and performance, delivering speeds up to 10 times faster than a standard USB 2.0 drive1. With these higher capacities, consumers can now save more of their favorite videos, photos and music on their laptops, TVs, gaming consoles or other entertainment systems.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
First Niagara Financial Group Inc. (NASDAQ:FNFG), ended its Wednesday’s trading session with 1.37% gain, and closed at $9.65.
First Niagara Financial Group Inc. (FNFG) support of programs in community development, as well as youth and education, included 26,000 employee volunteer hours and more than $10 million in charitable giving last year.
The company recently released its 2014 community report, highlighting some of the more than 1,250 non-profit partners, programs and people that First Niagara worked with to enhance communities across New York State, Pennsylvania, Connecticut and Massachusetts.
In addition to First Niagara’s corporate and foundation grants totaling more than $10 million in 2014, the company’s employees donated nearly $450,000 to the United Way’s annual campaign, while local Employee Volunteer Councils held more than 250 events raising more than $110,000 for not-for-profit organizations and causes. The company also accomplished more than $155 million in community development loans to assist spark economic development activities and job creation across its four-state footprint.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company’s deposit products comprise savings and money market, and certificate of deposit accounts, in addition to municipal deposits. Its loan portfolio comprise commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and other consumer loans, such as personal secured and unsecured loans, and overdraft lines of credit.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
