On Thursday, Shares of Nabors Industries Ltd. (NYSE:NBR), gained 10.53% to $12.39.
Nabors Industries Ltd., declared the execution of an amendment to its existing committed, unsecured revolving credit facility. Under the terms of the amendment, the borrowing capacity under the revolving credit facility has been raised to $2.2 billion. In addition, the term of the revolving credit facility has been extended until July 2020. The current rate under the revised facility has been reduced to LIBOR plus 125 bps with standby fees of 15 bps applying to the undrawn commitment. Nabors anticipates to use the extended facility to provide financial flexibility for planned investment opportunities, debt refinancing and other corporate uses.
Under the terms of the revolving credit agreement, as amended, Citigroup Global Markets Inc., Mizuho Bank, Ltd., HSBC Bank USA, N.A. and Wells Fargo Bank Securities, LLC., are joint lead arrangers and bookrunners. The lenders participating in the facility are Citibank, N.A., Mizuho Bank, Ltd., HSBC Bank USA, N.A., Wells Fargo Bank, N.A., HSBC Bank Canada, Bank of America, N.A., Bank of Tokyo-Mitsubishi UFJ, Ltd., PNC Bank, National Association, Deutsche Bank AG New York Branch, Morgan Stanley Bank, N.A., Compass Bank, U.S. Bank National Association, Goldman Sachs Bank USA, Sumitomo Mitsui Banking Corporation, Australia and New Zealand Banking Group Limited, Arab Banking Corporation, Grand Cayman Branch, and Riyad Bank, Houston Agency.
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services.
Shares of Union Pacific Corporation (NYSE:UNP), declined -1.34% to $93.80, during its last trading session.
Union Pacific was named among the Best Employers for Healthy Lifestyles for 2015 by The National Business Group on Health (NBGH).
Recognized at the gold level, Union Pacific was honored for making cultural and environmental changes, and developing comprehensive programs that support employees’ healthy lifestyle aims. The company was the only railroad among 64 U.S. employers to receive the 2015 Best Employers for Healthy Lifestyles award.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Finally, Applied Micro Circuits Corporation (NASDAQ:AMCC), ended its last trade with -4.80% loss, and closed at $6.34.
Applied Micro Circuits Corporation is planned to present at the Oppenheimer Technology, Internet & Communications Conference in Boston, MA, on Wednesday, August 12th, 2015.
Applied Micro Circuits Corporation provides silicon solutions for next-generation cloud infrastructure and data centers; and connectivity products for edge, metro, and long haul communications equipment in the United States and internationally.
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