On Monday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), gained 0.26% to $3.88.
On June 16, Sirius XM 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.
Shares of Kinross Gold Corporation (NYSE:KGC), declined -0.88% to $2.25, during its last trading session.
Kinross Gold Corporation, has been ranked the top mining company on the list of Top 50 Most Socially Responsible Companies in Canada developed by Maclean’s magazine in partnership with Sustainalytics, an independent sustainability investment research firm.
The ranking, which appears in the June 15th edition of Maclean’s, comes after Kinross was recognized earlier this month as one of Canada’s Best 50 Corporate Citizens for the sixth successive year by Corporate Knights, a media and research firm that promotes social responsibility in the private sector.
Kinross strives to conduct all its operations in a manner that is safe for employees and local communities, protective of the environment and beneficial to the host countries and communities where it operates. Kinross’ key corporate responsibility accomplishments and commitments comprise:
- A ‘safety first’ approach that has resulted in one of the top safety records in the industry.
- A commitment to generating sustained economic benefits in the communities and countries where Kinross operates with:
- 98% of the company’s workforce from the host countries where Kinross operates
- 78% of total expenditures at Kinross’ operations spent in host countries in 2013
- 74% of all goods and services procured in host countries in 2013
- The implementation of Site Responsibility Plans at each site, which provide a framework for engaging stakeholders and developing strategies that support Kinross’ commitments to its host communities. In 2014:
- 90,500 stakeholders were engaged in active dialogue regarding company activities
- Kinross contributed to 687 local community programs, initiatives and events affecting an estimated 805,000 people
- Kinross is also a signatory to the United Nations Global Compact and one of the original signatory companies to the International Cyanide Administration Code.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Finally, eBay Inc. (NASDAQ:EBAY), ended its last trade with 0.95% gain, and closed at $61.75.
eBay, sold its 28.4 percent stake in Craigslist Inc. back to the online classified advertising company, ending years of litigation between the technology pioneers as the Web marketplace prepares to restructure, according to Bloomberg.
All litigation between the companies will be dismissed, EBay said in a statement Friday. The price of the stake in Craigslist, which is closely held, wasn’t revealed.
The deal is the latest step by EBay to focus on its online marketplace. The San Jose, California-based company is planned to spin off its PayPal transactions business in the third quarter. The company also is trying to sell its EBay Enterprise division, which provides warehousing, delivery and customer support to online merchants. Bloomberg Reports.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
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