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Energy company $REXX said it extended the previously announced exchange offer of its 8.875% senior notes due 2020 and 6.250% senior notes due 2022. The company is offering to exchange all the existing notes for up to $480MM aggregate principal amount of its new 10.0% senior secured lien notes due 2020.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.