On Thursday, Shares of General Electric Company (NYSE:GE), lost -0.43% to $27.51.
GE Capital, Corporate Finance declared it has offered a $17 million credit facility to ROC Services Company, an oil and gas well-site services supplier. The funds will be used to refinance existing equipment and to support the acquisition of the company by Coral Reef Capital. GE Capital Markets served as co-lead arranger and joint book runner on the facility.
Headquartered in Bridgeport, TX, ROC Services Company provides well-site services such as maintenance, excavation and hauling and flow-back services to oil and gas companies operating in the U.S.
“GE Capital’s experience in structuring equipment loans and acquisitions, and their expertise in our industry made them the perfect choice for our financing needs,” said Mike Ritchey, CEO of ROC Services. “This capital will assist us grow, and we look forward to the next chapter of our business.”
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines.
Shares of Goldcorp Inc. (NYSE:GG), declined -1.96% to $16.97, during its last trading session, hitting its lowest level.
Goldcorp, declared that it has raised its credit facility from $2 billion to $3 billion and extended the term to June 10, 2020, under existing terms and conditions.
The unsecured, floating-rate facility bears interest at LIBOR plus 120 points when drawn, based on Goldcorp’s current BBB+ rating, and is intended to be used for liquidity and general corporate purposes.
BMO Capital Markets acted as Co-Lead Arranger, Joint Bookrunner and Administrative Agent, and Canadian Imperial Bank of Commerce and The Bank of Nova Scotia acted as Co-Lead Arrangers, Joint Bookrunners and Syndication Agents. The lending syndicate also comprised of Royal Bank of Canada, The Toronto-Dominion Bank, HSBC Bank USA, N.A. and Export Development Canada, acting as Co-Documentation Agents, and Bank of Tokyo-Mitsubishi (UFJ) (Canada), Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation of Canada, Bank of America, N.A. Canada Branch, Morgan Stanley Bank N.A., Citibank N.A. Canadian Branch, Credit Suisse, Goldman Sachs Lending Partners LLC, ING Capital LLC and BNP Paribas.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Finally, Groupon, Inc. (NASDAQ:GRPN), ended its last trade with 0.60% gain, and closed at $5.86.
Innovative online shopping destination Ideel is launching internationally this month. The decision to expand was fueled by consumer demand for Ideel’s carefully curated fashion-forward designer finds. The expansion also further integrates with Groupon’s global audience, one year after the acquisition.
“We are excited to offer our curated selections of the latest trends and uphold our commitment to delivering style every day to an even broader global audience,” says Lisa Kennedy, President of Ideel.
With the expansion, international consumers can now enjoy access to designer brands such as Nicole Miller, BCBG, Badgley Mischka, Marchesa, Halston, Diesel, Nanette Lepore, Elie Tahari, Free People and many, many more.
Other benefits that consumers can expect comprise the following:
- Acceptance of local country credit card payments
- Competitive shipping rates
- Mobile improved capabilities for international consumers
- Access to shop designer brands daily, up to 70% off.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
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