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Petroleum refiner $HFC said it has priced an offering of $250MM of 5.875% senior notes maturing April 1, 2026 at 99.326% of principal amount. Company intends to use net proceeds from the offering for general corporate purposes, including CapEx, and pay some fees and expenses related to the offering. Offering is expected to close on March 22.
Visa ($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.