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$USCR said it used a portion of the net proceeds from this offering to repay all of the outstanding borrowings under the revolving facility and to make an irrevocable deposit that will be used to redeem all of its outstanding 8.5% senior secured notes due 2018. The company intends to use the remaining net proceeds for general corporate purposes.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.