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Friday 7 August 2015
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Active Stocks in Queue: Encana Corporation (USA) (NYSE:ECA), Iron Mountain Inc (NYSE:IRM), Bank Of The Ozarks Inc (NASDAQ:OZRK)

On Wednesday, Shares of Encana Corporation (USA) (NYSE:ECA), lost -5.51% to $9.94.

Encana Corporation, will be presenting at the UBS Global Oil and Gas Conference on Wednesday, May 20, 2015 at about 10:55 a.m. MT (12:55 p.m. ET) in Austin, Texas.

Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.

Shares of Iron Mountain Inc (NYSE:IRM), declined -1.36% to $30.54, during its last trading session.

Iron Mountain, declared that it has closed the refinancing of its existing revolving credit facility of $1.5 billion and its existing $250 million term loan with a syndicate of 25 banks. Additionally, an accordion feature allows the company to request an enhance in the aggregate amount accessible to be borrowed under the refinanced revolving credit facility or term loan by up to $500 million, for a total of $2.25 billion of availability, subject to certain conditions and additional lender commitments. Proceeds are predictable to be used to repay amounts outstanding under the company’s existing revolving credit facility and term loan and for general corporate purposes. Funds may be drawn in U.S. dollars, Canadian dollars, British pounds sterling, and Euros, among other currencies. The credit facility is planned to mature in July 2019 with a one-year extension option solely at the company’s discretion (subject to customary conditions). Pricing under the credit facility was reduced; the applicable margins are now at 100-200 basis points (which varies based on certain financial ratios and loan types) and underlying rates are based upon the company’s choice of loan types and currency options.

Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business.

Finally, Bank Of The Ozarks Inc (NASDAQ:OZRK), ended its last trade with 0.09% gain, and closed at $44.35.

Bank of the Ozarks, Inc. (OZRK) anticipates to report second quarter earnings at 4:00 p.m. CDT on Monday, July 13, 2015. Administration plans to conduct a conference call to review this information at 10:00 a.m. CDT (11:00 a.m. EDT) on Tuesday, July 14, 2015.

Bank of the Ozarks, is a bank holding company with $8.3 billion in total assets as of March 31, 2015 and trades on the NASDAQ Global Select Market under the symbol “OZRK.” The Company owns a state-chartered partner bank that conducts banking operations through 164 offices in Arkansas, Georgia, Texas, North Carolina, Florida, Alabama, South Carolina, New York and California.

Bank of the Ozarks, Inc. operates as the bank holding company for Bank of the Ozarks that provides a range of retail and commercial banking services. The company accepts various deposits products, such as checking, savings, money market, time deposit, and individual retirement accounts.

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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.

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