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$KFY said it entered into a new senior secured credit agreement with a syndicate of banks that expands its access to debt capital to $400MM and which provides the company with more favorable terms and conditions. The company also stated that the $400MM breaks down between a term loan of $275MM and a revolver of $125MM.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.