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$X said the company announced the pricing of its $980MM aggregate principal amount of 8.375% Senior Secured Notes due 2021. The Notes will be issued at a price equal to 100% of their face value. The Notes will pay interest semi-annually in arrears on Jan. 1 and July 1 of each year beginning on Jan. 1, 2017 and will mature on July 1, 2021.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.