On Wednesday, Molycorp Inc (NYSE:MCP)’s shares declined -1.33% to $0.410.
Molycorp Inc (MCP) declared that it has elected to take advantage of the 30-day grace period with respect to the $32.5 million semi-annual interest payment due June 1, 2015 on its 10% Senior Secured Notes due 2020, as offered for in the indenture governing the notes. This election by the Company will not trigger any cross-default provisions in other outstanding Company debt prior to the end of the grace period and should not affect current operations. As formerly revealed, the Company has retained financial and legal advisors to assist the Company to restructure its debt. The Company will use the grace period to continue to evaluate different options related to such debt restructuring.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
General Growth Properties Inc (NYSE:GGP)’s shares dropped -2.41% to $27.55.
General Growth Properties Inc (GGP) declared that Sandeep Mathrani, Chief Executive Officer, and Michael Berman, Chief Financial Officer, will present at the NAREIT REITWeek 2015 Investor Forum in New York on Wednesday, June 10, 2015, at 2:00 p.m. Eastern Time.
General Growth Properties, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in owning, managing, leasing, and redeveloping high-quality regional malls. General Growth Properties, Inc is based in Chicago, Illinois.
At the end of Wednesday’s trade, Abercrombie & Fitch Co. (NYSE:ANF)‘s shares surged 4.82% to $22.18.
Abercrombie & Fitch Co. (ANF) declared that Joanne Crevoiserat, Chief Financial Officer will present at the William Blair 35th Annual Growth Stock Conference on Wednesday, June 10, 2015 at 8:40 AM, Central Time.
The audio portion of the presentation and the accompanying slides will be accessible to the general public on the “Investors” section of the Company`s website at www.abercrombie.com at about 8:40 AM, Central Time on Wednesday, June 10, 2015.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES).
Radian Group Inc (NYSE:RDN), ended its Wednesday’s trading session with 1.23% gain, and closed at $18.15.
Clayton Holdings LLC, a partner of Radian Group Inc. (NYSE: RDN), Clayton Holdings LLC, a leading provider of loan due diligence, surveillance, REO administration, pricing and consulting services to the mortgage industry, declared recently that Suzanne Singer has joined the company as senior managing director of business development.
In this position, Singer will be responsible for expanding Clayton’s customer base and developing and executing planned initiatives with Clayton’s parent company, Radian Group Inc. She will report directly to Tom Donatacci, Clayton’s executive vice president of sales and marketing.
Singer has had more than 20 years of experience in the mortgage industry. Most recently, she served as executive vice president of sales and marketing for Litigation Guard, a provider of mortgage-lending risk administration tools and technology services. Singer has held various client administration and business development roles at Auction.com, Wingspan Portfolio Advisors, GMAC-RFC and Option One Mortgage Corporation. She began her career as a specialist in the community development investment group at Freddie Mac.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES). The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, in addition to facilitates the sale of these mortgage loans in the secondary mortgage market.
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