On Thursday, Lennar Corporation (NYSE:LEN)’s shares declined -3.49% to $46.72.
Lennar Corporation (LEN) declared that it has priced an underwritten public offering of $500 million of 4.750% Senior Notes due 2025 (the “Notes”). The sale of the Notes is predictable to close on April 28, 2015, subject to customary closing conditions. The Company plans to use the net proceeds from the offering, which are estimated to be about $496 million, together with cash on hand, to retire or redeem its 5.60% senior notes due 2015. The Company may use some of the proceeds from the offering for general corporate purposes.
The Notes will have an interest rate of 4.750% per annum and will pay interest semi-annually on May 30 and November 30, commencing November 30, 2015.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.
Hershey Co (NYSE:HSY)’s shares dropped -3.46% to $94.93.
Hershey Co (HSY) declared the results of its first phase in tracing its global palm oil supply chain. Working in partnership with The Forest Trust (TFT), Hershey has traced its supply chain to more than 94 percent of all the mills that supply its palm and palm kernel oil globally.
Hershey’s supply mapping has given the company insight into its palm oil sources from suppliers originating back to the mill level. This information will assist the company better understand if any sourcing is linked to areas of potential deforestation or social challenges within the production of its palm oil. While Hershey completes its mill-level mapping, the company has begun the next phase of work – mapping its palm oil supply chain back to the plantation level – which it anticipates to complete in 2016.
The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings, sundae syrups, and beverages; snack items, counting spreads; and gum and mint refreshment products comprising chewing gums and bubble gums.
At the end of Thursday’s trade, Amedica Corporation (NASDAQ:AMDA)‘s shares dipped -3.45% to $0.280.
Amedica Corporation (AMDA) declared recently that it will release financial results for its first quarter 2015 on Thursday, May 7, 2015, after the market closes.
Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America.
Advanced Micro Devices, Inc. (NASDAQ:AMD), ended its Thursday’s trading session with -2.19% gain, and closed at $2.33.
Advanced Micro Devices, Inc. (AMD) declared that Senior Vice President and Chief Financial Officer Devinder Kumar will present at the Jefferies 2015 Global Technology, Media and Telecom Conference at 10:00 a.m. EDT on Wednesday, May 13, 2015 in Miami.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The companys products primarily comprise x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products.
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