On Tuesday, Arch Coal Inc (NYSE:ACI)’s shares declined -1.07% to $0.361.
Arch Coal, Inc. (“Arch”) (ACI) declared the launch of a private offer to exchange (the “Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”), 8.00% Senior Secured Notes due 2022 (the “New 2022 Secured Notes”) and 12.00% Senior Secured Second Lien Notes due 2023 (the “New 2023 Secured Notes” and, together with the Trust Certificates and the New 2022 Secured Notes, the “New Securities”) for its outstanding 7.000% Senior Notes due 2019 (“Old 7.000% 2019 Notes”), 9.875% Senior Notes due 2019 (“Old 9.875% 2019 Notes”) and 7.250% Senior Notes due 2021 (“Old 7.250% 2021 Notes” and, together with the Old 7.000% 2019 Notes and the Old 9.875% 2019 Notes, the “Old Notes”).
The Trust Certificates represent a fractional undivided interest in Arch Pass Through Trust, a Delaware statutory trust (the “Trust” and, together with Arch, the “Issuers”) whose only assets will be (i) senior secured term loans due 2021 (the “New Term Loans”) issued as incremental debt under Arch’s existing credit agreement and (ii) senior secured revolving commitments (the “New Revolving Loans”). The New Revolving Loans will be transferred to the Trust either by the assignment of existing revolving commitments or by the creation of an incremental revolving credit facility in lieu of the existing revolving credit facility, and all existing commitments would be terminated at the closing of this transaction. The aggregate principal amount of New Term Loans and New Revolving Loans outstanding at any time may not exceed $404 million, and will be equal to the principal amount of Trust Certificates issued in the Exchange Offer and in a concurrent exchange offer. The Trust is not, and will not be, a partner or associate of Arch and the Trust Certificates will not be guaranteed or insured by any person or entity, counting Arch.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
UBS Group AG (USA) (NYSE:UBS)’s shares gained 0.71% to $21.17.
The UBS Global Asset Administration US Pension Fund Fitness Tracker saw the funding ratio of the typical corporate US pension plan rise to about 87% in the second quarter of 2015. We recalibrated our model plan further to the adoption of new mortality tables at the last fiscal year-end.
The strong rise in Treasury yields, coupled with the widening of credit spreads, caused liability values to decrease about 7.3% in the second quarter of 2015. Investment returns over the quarter were -0.6%. These estimates are based on the average corporate plan’s stated asset allocation weightings from the UBS Global Asset Administration Pension 500 Database and publicly accessible benchmark information.
UBS Group AG, together with its auxiliaries, provides wealth administration, retail and corporate, asset administration, and investment banking products and services worldwide. The companys Wealth Administration division provides financial services to wealthy private clients. This division offers investment administration solutions and wealth planning and corporate finance advisory services, in addition to a range of specific offerings. Its Wealth Administration Americas division provides advice-based solutions and banking services through financial advisors to ultra high net worth and high net worth individuals and families. This division operates domestic United States and Canadian business, in addition to international business booked in the United States.
At the end of Tuesday’s trade, Amazon.com, Inc. (NASDAQ:AMZN)‘s shares surged 0.16% to $436.72.
Amazon (AMZN) declared the introduction of popular video game characters that can be customized as part of the 3D Printed Products store (www.amazon.com/3dp). To start, the new “Personalize Now” widget will allow customers to customize more than 35 of their favorite characters across Smite, Primal Carnage and Infinity Blade. Customers can now access millions of unique design combinations sold by Sandboxr that can be created with the personalization tools.
Personalization options comprise:
- Smite: More than 30,000 ways to create customized characters.
- Primal Carnage: More than 12,500 customized set framed poses and character options.
- Infinity Blade: Over 12 million combinations to personalize the characters with unique poses, armor configurations, weapons and accessories.
Here’s how it works: Customers start by selecting the game character they wish to personalize and launching the personalization widget. Next, customers can explore an almost infinite number of poses, animation designs, accessories and more depending on the game character to put their individual style on the character. With the 3D product preview function, customers can rotate 360 degrees a virtual model of the character to tailor their creation from every angle. After the character is personalized and the customer has finished the checkout process, the item is 3D printed on-demand and shipped directly to the customer. The cost to customize a character starts as low as $29.99, with larger customized characters ranging from $49.99 to $89.99.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on company’s Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content.
Hartford Financial Services Group Inc (NYSE:HIG), ended its Tuesday’s trading session with 0.11% gain, and closed at $0.11.
The Hartford will release its second quarter 2015 financial results on Monday, July 27, following the close of the market.
The company will host a webcast to talk about its second quarter financial results on Tuesday, July 28, at 9 a.m. EDT. The webcast will be accessible on the investor relations section of the company’s website, http://ir.thehartford.com.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The companys Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverages, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverages. Its Personal Lines segment provides standard automobile, homeowners, and personal umbrella coverages to individuals .
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