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$WNR said it launched syndication of new senior secured term loan credit facility (Term Loan B-2). The principal of proposed term loan is expected to be $500MM, have maturity of 7 years and rank pari passu with $WNR's existing term loan (Term Loan B-1). The Term Loan B-2 is expected to close concurrent with closing $NTI purchase in late June.
Visa ($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.