On Friday, Shares of Charter Communications, Inc. (NASDAQ:CHTR), lost -1.12% to $185.86.
Charter Communications, declared that its partner, CCO Safari II, LLC, has closed on the sale of $15.5 billion of senior secured notes due 2020, 2022, 2025, 2035, 2045 and 2055 (the “Notes”). The 2020 Notes total $2.0 billion in aggregate principal amount and bear an interest rate of 3.579% per annum. The 2022 Notes total $3.0 billion in aggregate principal amount and bear an interest rate of 4.464% per annum. The 2025 Notes total $4.5 billion in aggregate principal amount and bear an interest rate of 4.908% per annum. The 2035 Notes total $2.0 billion in aggregate principal amount and bear an interest rate of 6.384% per annum. The 2045 Notes total $3.5 billion in aggregate principal amount and bear an interest rate of 6.484% per annum. The 2055 Notes total $500 million in aggregate principal amount and bear an interest rate of 6.834% per annum. The Notes were issued at par.
Charter intends to use the net proceeds from the sale of the Notes to partially finance Charter’s formerly declared transactions with Time Warner Cable Inc. (TWC) and Bright House Networks, LLC. The proceeds from the offering of the Notes were placed in escrow at CCO Safari II, LLC, and will remain in escrow until the closing of the transaction between Charter and Time Warner Cable Inc., at which time the Notes will be assumed by Charter’s auxiliaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp.
Charter Communications, Inc., through its auxiliaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States.
Shares of Celanese Corporation (NYSE:CE), inclined 0.17% to $65.92, during its last trading session.
Celanese Corporation, declared that Chris Jensen has been named the company’s chief financial officer. Jensen has served in the role on an interim basis since May 2014, and has global responsibility for tax, treasury, accounting, SEC reporting and financial shared services.
“I’m happy to declare Chris’s appointment to one of our most critical leadership roles,” said Mark Rohr, chairman and chief executive officer. “He is a vital member of our senior leadership team and, in his interim CFO position over the last year, has contributed significantly to the development and execution of Celanese’s two-core strategy. Chris is an exceptional leader with expertise across all aspects of finance, deep knowledge of the business, and an understanding of the needs of the investment community. I look forward to ongoing to work closely together to maximize value for Celanese through our two complementary value drivers - Materials Solutions and the Acetyl Chain.”
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide.
At the end of Friday’s trade, Shares of DCT Industrial Trust Inc (NYSE:DCT), gained 2.66% to $34.76.
DCT Industrial Trust declared financial results for the quarter ending June 30, 2015.
“DCT had a strong second quarter. Our development program continues to create substantial value and perform ahead of plan. Since March 31, we leased 2.9 million square feet in our development pipeline bringing it to 59.5 percent leased. We commenced construction on 2.4 million square feet and purchased 147.5 acres for the development of 2.1 million square feet,” said Phil Hawkins, Chief Executive Officer for DCT Industrial. “Our operating portfolio also continues to perform extremely well with strong growth in rents and same-store NOI.”
DCT Industrial Trust Inc. operates as a publicly owned real estate investment trust. The firm provides its services to companies. Through its fund, it engages in the ownership, operation, and development of real estate properties. The firm specializes in the ownership, acquisition, development, and administration of institutional capital administration program.
Finally, CDW Corp (NASDAQ:CDW), ended its last trade with 1.38% gain, and closed at $35.93.
CDW Corporation declared that it will host a webcast conference call to talk about its second quarter 2015 results on Monday, August 3, 2015 at 8:30 a.m. ET/7:30 a.m. CT.
CDW Corporation distributes information technology (IT) solutions in the United States and Canada. It operates in two segments, Corporate and Public. The company offers discrete hardware and software products to integrated IT solutions, counting mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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