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$MAC said that it has closed or committed on two other life company loans and that it is on the market with a third. $MAC has also committed to a $375MM loan at The Shops at North Bridge, a 12-year fixed rate loan and the rate is locked at 3.68%. This refi will pay off the existing loan, which is $189MM with an interest rate of 7.5%.
Visa ($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.