On Wednesday, Health Care REIT, Inc. (NYSE:HCN)’s shares declined -1.76% to $69.29.
Health Care REIT, Inc. (HCN) declared it has successfully accomplished its offering of $750 million in aggregate principal amount of 4.0% senior unsecured notes due June 1, 2025. The notes were priced at 99.926% of their face amount to yield 4.009%.
The company intends to use the net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, counting investing in health care and seniors housing properties.
Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC, UBS Securities LLC, Credit Agricole Securities (USA) Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC served as joint book-running managers for the offering.
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The firm primarily invests in senior living and health care properties.
Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA)’s shares dropped -2.09% to $55.82.
Liberty Global plc - Class A Ordinary Shares (LBTYA) declared that, following regulatory approval, it has consummated its formerly declared acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV (“Choice”), the second largest cable and broadband services provider in Puerto Rico. The combination of Choice’s operations with those of Liberty Cablevision of Puerto Rico LLC (“LCPR”), which is 60% owned by Liberty Global and 40% owned by funds managed by Searchlight Capital Partners, L.P., creates the largest cable operator on the island with over one million homes passed1, serving about 750,000 revenue generating units (“RGUs)1 and generating over $390 million of annual revenue.
As formerly revealed, the purchase price of about $272.5 million before transaction costs and other adjustments represents a multiple of about 6 times our estimate of Choice’s 2015 full-year operating cash flow, as customarily defined by Liberty Global and adjusted for the projected annual impact of synergies following full integration. The transaction was largely funded through incremental debt borrowings of about $267.5 million at the combined Puerto Rican business, and equity contributions from Liberty Global and Searchlight of $10.2 million and $6.8 million, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels. It also provides broadband Internet services, such as high speed Internet; email, address book, parental controls, and on-line audio; security; and online storage and Web spaces.
At the end of Wednesday’s trade, Linn Energy LLC (NASDAQ: LINE)‘s shares dipped -2.90% to $10.56.
Linn Energy LLC (LINE) and LinnCo, LLC (LNCO) declared recently monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable June 17, 2015, to unitholders of record as of the close of business on June 11, 2015.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas. As of December 31, 2014, the company had proved reserves of 7,304 billion cubic feet equivalent; and operated 19,591 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas.
ITT Educational Services, Inc. (NYSE:ESI), ended its Wednesday’s trading session with -12.42% loss, and closed at $4.09.
ITT Educational Services, Inc. (ESI) declared that the audit of its 2014 financial statements has been accomplished, and that the company has filed its Annual Report on Form 10-K for its fiscal year ended December 31, 2014.
The company’s full financial statements and related disclosures are contained in the company’s 2014 Form 10-K, which readers of this press release should review in its entirety to gain a full perspective of the company’s results and financial position.
The company stated that it believes, based on its 2014 fiscal year merged financial statements, that its institutions’ composite score was above 2.0 in 2014. An institution’s composite score is a noteworthyfinancial responsibility measurement of the U.S. Department of Education (the “ED”), and must be at least 1.5 for the institution to be deemed financially responsible by the ED without the need for further oversight.
The company also declared that in the aggregate, it derived about 80% of its revenue in 2014 and 82% of its revenue in 2013 from Title IV programs under the ED’s 90/10 Rule calculation. In addition, based on the current status of its efforts to complete the 2014 compliance audits of its institutions’ administration of the Title IV programs in which they take part, the company believes that the 2014 compliance audits should be accomplished prior to the ED’s June 30, 2015 deadline.
ITT Educational Services, Inc. provides postsecondary degree programs in the United States. It offers master, bachelor, and associate degree programs to about 53,000 students; and short-term information technology and business learning solutions for career advancers and other professionals.
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