On Wednesday, Summit Hotel Properties Inc (NYSE:INN)’s shares declined -0.28% to $14.28.
American Realty Capital Hospitality Trust, Inc. declared that it has reached a commitment letter with Deutsche Bank AG New York Branch and Deutsche Bank Securities Inc. to provide up to $450 million in financing for the Company’s formerly declared acquisitions of separate, independent hotel portfolios from associates of each of Summit Hotel Properties (INN), Noble Investment Group, LLC and Wheelock Street Capital, LLC. The three hotel portfolios are predictable to be attained for an aggregate purchase price of $743.9 million in seven separate closings tentatively planned over the next nine months, and encompass 44 hotels totaling 5,271 rooms in 18 states.
Summit Hotel Properties, Inc., a hotel investment company, engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States lodging industry. As of August 3, 2012, the company operated 74 hotels with a total of 7,586 guestrooms located in 20 states. Summit Hotel Properties, Inc. was founded in 2004 and is based in Sioux Falls, South Dakota.
Pacific Drilling SA (NYSE:PACD)’s shares dropped -6.18% to $2.58.
Pacific Drilling S.A. (PACD) will release its second-quarter 2015 financial results on Thursday, Aug. 6. 2015, after the close of trading on the New York Stock Exchange. A conference call will follow at 9 a.m. Central time on Friday, Aug. 7.
Pacific Drilling S.A., together with its auxiliaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts drilling rigs, related equipment, and work crews primarily on a dayrate basis to drill wells for its customers. As of December 31, 2014, the company had a fleet of eight drillships, counting one under construction. Pacific Drilling S.A. was founded in 2006 and is based in Luxembourg.
At the end of Wednesday’s trade, TCF Financial Corporation (NYSE:TCB)‘s shares surged 0.73% to $16.60.
TCF Inventory Finance, Inc., a partner of TCF National Bank and an indirect partner of TCF Financial Corporation (TCB), and Ariens Company (Ariens) declared recently a definitive agreement to provide inventory financing to more than 1,500 Ariens and Gravely dealers across the United States and Canada. TCFIF will be the exclusive financing provider for its portfolio of lawn and garden equipment.
The Ariens Company portfolio of brands comprises some of the oldest and most respected names in the outdoor power equipment industry. The multi-year planned alliance with TCFIF will enable dealers to stock a wide selection of all Ariens® and Gravely® products counting snow blowers, riding mowers, walk behind mowers, and commercial outdoor power equipment.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services. The company’s Lending segment offers retail lending services, counting consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements.
Pattern Energy Group Inc (NASDAQ:PEGI), ended its Wednesday’s trading session with -3.50% loss, and closed at $27.55.
Pattern Energy Group LP (“Pattern Development”) declared the completion of C$393 million in financing of its 180 megawatt (MW) Meikle Wind power project located in British Columbia , about 33 km north of Tumbler Ridge . Meikle Wind, which is predictable to commence commercial operation in late 2016, is the largest wind power project in British Columbia with the capacity to generate clean energy for up to 54,000 homes in the province.
The Meikle Wind project is utilizing 61 GE wind turbines. The project has a 25-year power purchase agreement with BC Hydro. The Meikle Wind project will employ about 275 skilled workers on-site at the peak of construction activity and create up to nine permanent positions once operational, in addition to the use of local subcontractors.
Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts. It sells electricity primarily to local utilities. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.
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.
