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Stock Market & Financial Investment News

News Breaks
December 18, 2012
08:39 EDTBLDRBuilders FirstSource increases liquidity by $93M to support sales growth
Builders FirstSource announced it amended its first-lien term loan agreement with affiliates of Highbridge Principal Strategies. The company amended the Term Loan to enhance its liquidity position to support both current and anticipated increases in sales volume. Material terms of the amendment include increasing the principal amount by $65M; The additional principal was issued at 95.5%, resulting in approximately $60M of net cash received after fees and expenses, with no modifications to interest rate and maturity; Reducing the minimum cash requirement from $35M to $15M; Adding a separate $15M letter of credit, or LC, commitment by SunTrust Bank, which is expected to reduce the company's current cash collateral requirement for LC's by approximately $13M upon satisfaction of certain post-closing conditions; Increasing the minimum specified collateral value to $225M, contingent upon maintaining certain levels of qualified cash.
News For BLDR From The Last 14 Days
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December 12, 2014
15:26 EDTBLDRBuilders FirstSource participates in a conference call with Stephens
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December 5, 2014
10:00 EDTBLDROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
06:48 EDTBLDRBuilders FirstSource initiated with a Neutral at Sterne Agee

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