Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
Peabody Energy Corporation (NYSE:BTU)’s shares dwindled -6.50%, and closed at $6.76.
Peabody Energy Corp. (BTU), declared that, subject to market conditions, it intends to offer $1.0 billion aggregate principal amount of senior secured second lien notes due in 2022 in a private placement to eligible purchasers.
Subject to the successful completion of this offering, Peabody intends to use the net proceeds from the sale of the notes to fund a tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (the “2016 notes”), to fund the redemption or satisfaction and discharge of all 2016 notes that are not tendered in the tender offer and for general corporate purposes, which may comprise the payment of its federal coal lease expenditures.
The notes will be secured by a second-priority lien on all of the assets that secure the corporation’s and the guarantors’ obligations under the corporation’s senior secured credit facility, subject to permitted liens and other limitations.
Peabody Energy is the world’s largest private-sector coal corporation and a global leader in sustainable mining, energy access and clean coal solutions. The corporation serves metallurgical and thermal coal customers in more than 25 countries on six continents.
Workday Inc (NYSE:WDAY), declined -6.22%, and closed at $82.64.
Formerly on February 26, Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, declared that the Great Places to Work Institute ranked Workday #4 on its list of Ireland’s best workplaces for 2015 in the medium-sized corporation category.
Founded in 2005, Workday now has more than 3,700 employees globally, counting more than 270 based at its European headquarters in Dublin. Last year, the corporation declared it would continue to expand its Dublin office, and anticipates to create another 200 positions over the next three years. Workday is hiring for key roles in product and technology development, customer support, services, data center operations, and sales.
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial administration, human capital administration, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Hundreds of organizations, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.
Paragon Offshore PLC (NYSE:PGN), dipped -5.95%, and closed at $1.74, hitting new 52-week low of $1.72.
Formerly on February 19, Paragon Offshore plc (PGN), stated a fourth quarter 2014 net revenue of $2.8 million, or $0.03 per diluted share as contrast to fourth quarter 2013 net revenue of $37.6 million, or $0.44 per diluted share. Results for the quarter comprise a $130.5 million, or $1.47 per diluted share, non-cash impairment charge related to Paragon’s four cold-stacked units, the Paragon MSS3, Paragon DPDS4, Paragon FPSO1, and Paragon B153 each of which the corporation has decided to scrap. Results also comprised of an $11.7 million, or $0.13 per diluted share, gain related to the formerly revealed repurchase of an aggregate principal amount of $35.2 million of its senior unsecured notes. Not including the impairment, the tax influence of the loss on the impairment, and the gain, Paragon’s adjusted net revenue was $80.3 million, or $0.90 per diluted share. Results for Prospector Offshore Drilling S.A., in which Paragon attained a majority interest on November 17, 2014, were comprised of in Paragon’s results for the quarter.
“Paragon continued to deliver excellent operating results during the fourth quarter against an industry backdrop fraught with volatility,” said Randall D. Stilley, President and Chief Executive Officer.
Paragon is a global provider of offshore drilling rigs. Paragon’s drilling fleet comprises 32 jackups and six floaters (four drillships and two semisubmersibles). In addition, Paragon is the majority shareholder of Prospector Offshore Drilling S.A., a publicly traded offshore drilling corporation on the Oslo Axess stock exchange that owns and operates two high specification jackups.
Weight Watchers International, Inc (NYSE:WTW), dropped -5.85%, and closed at $9.97, hitting new 52-week low of $ 9.94.
Formerly on February 26, Weight Watchers International, Inc. (WTW), declared its results for the fourth quarter and full year fiscal 2014 and offered full year fiscal 2015 earnings guidance, counting:
- Q4 2014 proceeds of $327.8 million, down 10.4% as compared to the preceding year period, with total paid weeks down 7.0%
- Q4 2014 adjusted earnings per fully diluted share (EPS) was $0.07, which excluded the influence of restructuring and non-cash impairment charges of $0.01 and $0.34, respectively, per fully diluted share; as stated, Q4 2014 EPS was a loss of $0.28
- Full year 2014 cash flow offered by operating activities totaled $231.6 million, with a cash balance of $301.2 million at year end,
- Full year 2015 earnings guidance of between $0.40 and $0.70 per fully diluted share.
Weight Watchers International, Inc. is the world’s leading provider of weight administration services, operating globally through a network of Corporation-owned and franchise operations. Weight Watchers holds more than 40,000 meetings each week where members receive group support and learn about healthy eating patterns, behavior modification and physical activity.
