On Friday, Swift Energy Company (NYSE:SFY)’s shares inclined 0.71% to $1.41.
Swift Energy Company (SFY) declared that it has initiated a process to obtain a new first-lien term loan (the “Projected Term Loan”). The principal amount of the Projected Term Loan is predictable to be $640 million. The loan would mature five years after the closing, which is anticipated to occur in mid-July. The Company anticipates that the Projected Term Loan would be fully drawn at closing.
It is predictable that proceeds of the Projected Term Loan will be used to repay all outstanding borrowings under the Company’s existing revolving credit facility ($263 million outstanding at May 31, 2015), to pay fees and expenses, and for general corporate purposes, counting capital expenditures.
The Projected Term Loan is subject to, among other things, successful syndication, negotiation, execution and delivery of definitive loan documentation, and various customary closing conditions. The terms of the Projected Term Loan could differ materially from those described above. No assurance can be given that the Projected Term Loan will be consummated.
Swift Energy Company, an independent oil and gas company, acquires, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana. As of December 31, 2014, it had estimated proved reserves of 193.8 million barrels of oil equivalent. Swift Energy Company was founded in 1979 and is headquartered in Houston, Texas.
Liberty Media Corp (NASDAQ:LMCK)’s shares gained 0.80% to $35.21.
Liberty Media Corporation’s ( LMCA) President and Chief Executive Officer, Greg Maffei, will host a conference call to talk about results for the second quarter of 2015 on Wednesday, August 5th, at 11:30 a.m. (E.D.T.). Following prepared remarks, the company will host a brief Q&A session during which administration will accept questions regarding both Liberty Media Corporation and Liberty Broadband Corporation. During the call, Mr. Maffei may talk about the financial performance and outlook of both companies, in addition to other forward looking matters.
Liberty Media Corporation, through its auxiliaries, engages in the media, communications, and entertainment businesses primarily in North America. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, in addition to infotainment services on a subscription fee basis through its satellite radio systems; provides connected vehicle applications and services to enhance the safety, security, and driving experience for vehicle operators; streams music and non-music channels over the Internet; and distributes satellite and Internet radios, and accessories primarily through automakers, retail stores, and Website.
At the end of Friday’s trade, Unilever plc (ADR) (NYSE:UL)‘s shares surged 3.81% to $44.65.
Unilever declared that it has signed a contract to acquire Murad, a leading clinical skincare brand. This follows the recent acquisitions of Dermalogica, Kate Somerville and REN, which jointly position Unilever as a key player in the personal care prestige segment.
Unilever PLC operates in the fast-moving consumer goods market in the Americas, Europe, Asia, Australasia, Africa, the Middle East, Turkey, the Russian Federation, Ukraine, and Belarus. The company operates through Personal Care, Foods, Refreshment, and Home Care segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Dove, Rexona, Axe, Lux, and Sunsilk brand names.
Embraer SA (ADR) (NYSE:ERJ), ended its Friday’s trading session with -0.03% loss, and closed at $29.75.
Embraer SA (ADR) (ERJ) Defense & Security and the Ministry of Defence of the Republic of Ghana have signed a contract for the acquisition of five A-29 Super Tucano light attack and advanced training turboprops. The contract comprises logistic support for the operation of these aircraft in addition to the set-up of a training system for pilots and mechanics in Ghana that will provide the autonomy of the Ghana Air Force in preparing qualified personnel.
The A-29 Super Tucano will be deployed for advanced training, border surveillance and internal security missions.
The A-29 Super Tucano is presently used by ten air forces in three continents. It was also selected by the United States Air Force (USAF) for its Light Air Support (LAS) program. After more than ten years in action, the Super Tucano has gained an excellent performance record: over 230,000 flight hours and 30,000 combat hours. Embraer has received more than 210 firm orders and has delivered more than 190 aircraft.
Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments.
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