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REIT-based firm $FRT said that it is closing its public offering of $250MM aggregate principal amount of 3.625% senior unsecured notes due Aug. 1, 2046. The notes were offered at 97.756% of the principal amount with yield to maturity of 3.750%. $FRT intends to use the net proceeds to pay down outstanding balance under its revolving credit facility.
Visa ($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.