On Tuesday, Shares of Celgene Corporation (NASDAQ:CELG), lost -0.30% to $131.08.
Celgene Corporation, declared the successful pricing of five series of senior unsecured notes for an aggregate principal amount of $8.0 billion. Of these notes, $1.0 billion will mature in 2018 and will bear interest at an annual rate of 2.125 percent, $1.5 billion will mature in 2020 and will bear interest at an annual rate of 2.875 percent, $1.0 billion will mature in 2022 and will bear interest at an annual rate of 3.550 percent, $2.5 billion will mature in 2025 and will bear interest at an annual rate of 3.875 percent and $2.0 billion will mature in 2045 and will bear interest at an annual rate of 5.000 percent. The 2.125 percent notes due 2018, the 2.875 percent notes due 2020, the 3.550 percent notes due in 2022, the 3.875 percent notes due in 2025 and the 5.000 percent notes due in 2045 were priced to yield 2.127 percent, 2.914 percent, 3.594 percent, 3.993 percent and 5.020 percent, respectively.
Celgene anticipates to use the net proceeds from the offering to finance a portion of the acquisition of Receptos, Inc. and the remainder for general corporate purposes, which may comprise, without limitation, further development of Celgene’s clinical and pre-clinical programs, capital expenditures, general corporate development activities, meeting working capital needs, share repurchases of Celgene’s common stock and repayment of some or all of Celgene’s outstanding commercial paper. The offering is predictable to close on August 12, 2015.
Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and inflammatory diseases in the United States and Internationally.
Shares of Tesla Motors Inc (NASDAQ:TSLA), inclined 2.42% to $266.28, during its last trading session.
Tesla Exploration Ltd., declared that it is ongoing to work with its current bank lender on the annual extension of its credit facility agreement, which is normally accomplished in May of each year. The Company has requested amendments to certain terms, counting a temporary waiver of its Funded Debt to EBITDA covenant and changes to the borrowing base formula which determines its loan limits. The amendments have been requested to avoid a breach of these covenants. Tesla has also received a preliminary proposal from another party for an additional loan, which it is pursuing while conpresently working with its bank lender on the terms of the credit facility. The Company anticipates to provide a further update regarding the credit facility and the projected new loan, when negotiated.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
At the end of Tuesday’s trade, Shares of Barclays PLC (ADR) (NYSE:BCS), lost -1.95% to $17.57.
Barclays, declared a planned partnership with Illinois-based investment firm Elkhorn Capital Group. The partnership is designed to extend Barclays’ product availability by bringing together its extensive experience in creating distinctive investment concepts with Elkhorn’s independent product expertise.
The partnership will allow Barclays and Elkhorn to collaborate in offering clients access to additional products based on Barclays’ strategies.
Barclays PLC, through its auxiliaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment administration services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth administration and insurance services.
Finally, Yandex NV (NASDAQ:YNDX), ended its last trade with 0.81% gain, and closed at $13.76.
Yandex, declared its unaudited financial results for the second quarter ended June 30, 2015.
Q2 2015 Financial Highlights
- Revenues of RUB 13.9 billion ($250.7 million), up 14% contrast with Q2 2014
- Ex-TAC revenues (not taking into account traffic acquisition costs) up 15% contrast with Q2 2014
- Income from operations of RUB 2.2 billion ($39.5 million), down 40% contrast with Q2 2014
- Adjusted EBITDA of RUB 4.8 billion ($86.8 million), down 4% contrast with Q2 2014
- Operating margin of 15.8%
- Adjusted EBITDA margin of 34.6%
- Adjusted ex-TAC EBITDA margin of 44.2%
- Net income of RUB 0.4 billion ($7.6 million), down 82% contrast with Q2 2014
- Adjusted net income of RUB 2.8 billion ($50.3 million), down 16% contrast with Q2 2014
- Net income margin of 3.0%
- Adjusted net income margin of 20.1%
- Adjusted ex-TAC net income margin of 25.6%
- Cash, cash equivalents and deposits of RUB 46.9 billion ($845.1 million) as of June 30, 2015
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets.
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