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Independent hybrid REIT $HCP said in 4Q15 it raised $600MM of senior unsecured notes at a 4% coupon. The proceeds were used to refinance a $500MM bond maturity last week, representing 36% of the company's 2016 total maturities and to pay down on the revolver. During 2015, $HCP raised $2.3Bil of debt at a blended rate of 3.5%.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.