On Wednesday, Shares of Jabil Circuit, Inc. (NYSE:JBL), gained 1.36% to $24.66.
Jabil Circuit, has secured approval from the Penang State government in Malaysia to purchase 20 acres of land at the Batu Kawan Industrial Park to support expansion plans. The agreement was officially signed recently in a ceremony involving representatives from Jabil, led by Mr. Ong Kay Chong (KC Ong), Senior Vice President, Operations, Electronic Manufacturing Services and Mr. Lim Guan Eng, Chief Minister of the state of Penang.
The new site will focus on manufacturing products for the Enterprise, Industrial, Medical and Aerospace sectors. Jabil plans to further develop the Jabil Penang facility to support the company’s growth strategy in the region.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries.
Shares of Parsley Energy Inc (NYSE:PE), inclined 1.04% to $17.46, during its last trading session.
On June 2nd, Parsley Energy, declared that the Company will take part in the 2015 RBC Capital Markets’ Global Energy and Power Executive Conference in New York City. In conjunction with the conference, an updated investor presentation will be posted to the Investor Relations section of Parsley’s website under Events and Presentations.
Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin located in West Texas and Southeastern New Mexico.
At the end of Wednesday’s trade, Shares of Warren Resources, Inc. (NASDAQ:WRES), lost -1.11% to $ 0.8110.
Warren Resources, declared the closing of a $250 million planned refinancing with funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital Partners LP, the credit division of Blackstone, providing Warren with both liquidity and a platform to continue its growth initiatives.
The first lien term loan provides Warren with $202.5 million of new money, counting $172.5 million borrowed at closing for working capital and to repay Warren’s existing revolving credit facility, a $30 million delayed draw first lien commitment, and $47.2 million of additional first lien term loans through the exchange of $69.6 million of unsecured notes at an exchange price of 65% of par. The new first lien loan has a term of five years, and a coupon rate of LIBOR plus 8.5%, with a LIBOR floor of 1%. The transaction also allows Warren to exchange additional unsecured debt at a discount into second lien debt, subject to incurrence tests. As of May 26, 2015, Warren has $14.7 million of cash on hand.
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves.
Finally, NiSource Inc. (NYSE:NI), ended its last trade with -0.40% loss, and closed at $ 46.85.
NiSource, issued two signature reports – its 2014 Sustainability Report and its 2014 Inclusion and Diversity (I&D) Report.
“As our employees demonstrate every day, we are serious about establishing a legacy of sustained economic growth, inclusion and diversity, social responsibility and environmental stewardship,” NiSource President and CEO Robert C. Skaggs, Jr. said. “Taken together, it’s about how we think, how we act, and how we speak with one another - how we treat our customers, coworkers and others with whom we do business.”
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations.
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.
