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$SCI said it entered into $1.4Bil unsecured credit agreement maturing in 2021 providing for $700MM revolving credit facility and $700MM Term Loan A. $SCI will use proceeds from Term Loan A and certain revolver drawings to repay $580MM of outstanding borrowings under existing credit agreement and to redeem all $295MM of 7.00% Senior Notes due 2017.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.