On Tuesday, WP Glimcher Inc (NYSE:WPG)’s shares declined -1.85% to $13.23.
WP Glimcher Inc (WPG) declared that the Company has entered into a new 5-year, $500 million term loan. The Company used the proceeds to fully repay the remainder of the Company’s outstanding bridge loan that was used to finance the January 2015 acquisition of Glimcher Realty Trust and for other general corporate purposes.
The aggregate principal balance of the term loan will be due upon maturity on March 2, 2020. The loan bears interest at LIBOR plus 1.15% based on the Company’s current debt rating. The Company expects to fix all or a portion of the variable interest rate exposure on the term loan by entering into an interest swap arrangement in the near term.
Washington Prime Group Inc. (NYSE:WPG.WI) operates independently of Simon Property Group Inc. as of May 28, 2014.
TransCanada Corporation (USA) (NYSE:TRP)’s shares gained 0.69% to $41.08.
TransCanada Corporation (USA) (TRP) declared that it has notified the registered shareholder of its Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) of the Conversion Privilege and Dividend Rate Notice.
Starting on June 1, 2015 and ending on June 15, 2015, holders of the Series 3 Shares will have the right to choose one of the following options with regard to their shares:
- To retain any or all of their Series 3 Shares and continue to receive a fixed quarterly dividend; or
- To convert, on a one-for-one basis, any or all of their Series 3 Shares into Cumulative Redeemable First Preferred Shares, Series 4 (Series 4 Shares) of TransCanada and receive a floating quarterly dividend.
Holders of the Series 3 Shares and the Series 4 Shares will have the opportunity to convert their shares again on June 30, 2020, and every five years thereafter as long as the shares remain outstanding.
TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Liquids Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities. This segment transports natural gas to local distribution companies, power generation facilities, and other businesses.
At the end of Tuesday’s trade, Time Inc (NYSE:TIME)‘s shares dipped -0.6% to $23.36.
Time Inc (TIME) declared that it will host its 4th annual Festival October 17th-18th at the Jacob Javits Center in New York City. The two-day event, which is taking place in New York for the first time, has become one of the most-anticipated celebrations of Hispanic culture in the country.
This year’s program will feature interviews, performances and autograph signings with recently’s top Hispanic celebrities, in addition to expert panel talk aboutions and family-fun activities; all free and open to the public. The star-studded lineup will comprise music powerhouses Emilio and Gloria Estefan, actresses Angelica Vale,Maite Perroni and many more to be declared. Actress Angelica Maria will be presented with the Icono de PEOPLE en Espanol.
PEOPLE en Espanol is collaborating with the City of New York to mount Festival as the largest celebration in the tri-state area during Hispanic Heritage Month, inviting tens of thousands of consumers to nearly two dozen events and activities over two days This year’s theme -“Your Voice, Your Power, Your Festival”- invites families to come together and experience a one of a kind celebration that will entertain, inspire and unite.
Time Inc., together with its auxiliaries, operates as a media company that publishes magazines in the United States, the United Kingdom, and internationally. It publishes magazines under People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune, and Food & Wine names in the United States, in addition to about 50 diverse titles in the United Kingdom, such as Decanter and Horse & Hound.
Capstone Turbine Corporation (NASDAQ:CPST), ended its Tuesday’s trading session with 4.46% gain, and closed at $0.578.
Capstone Turbine Corporation (CPST) declared that it received two orders for C1000 microturbines for energy efficiency projects in New York City, New York. A single C1000 will be installed at a New York University research and learning facility while a second C1000 will replace the existing generators at the River Park Towers residential complex in the Bronx.
RSP Systems, Capstone’s distributor for New York and Connecticut, secured both orders, which are to be commissioned in early 2016.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. The company offers microturbine units, subassemblies, components, and various accessories for applications, counting cogeneration comprising combined heat and power (CHP) and integrated CHP, in addition to combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply. Its microturbines are also used as battery charging generators for hybrid electric vehicle applications.
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