New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 6, 2012
08:38 EDTWFC, CHUYChuy's announces new $25M credit agreement with Wells Fargo Bank
Chuy's Holdings announced that it has entered into a new five-year $25M revolving credit facility with Wells Fargo Bank (WFC), The new facility replaces an existing senior secured credit facility that was scheduled to mature in May 2016. At closing, $5M was drawn under the new revolving credit facility to pay off the balance of the old facility plus accrued interest and fees. Excluding the existing balance, the new facility allows for available borrowings of $20M compared to availability of approximately $10.5M under the old facility. Additionally, the new facility bears interest between 1.75%-2.25% over LIBOR, dependent upon the company's leverage ratio, with no LIBOR floor. As of closing, the company's borrowing rate was reduced by approximately five percent compared to the current rates under the previous facility and is expected to reduce annual interest expense by approximately $250,000 at current borrowing levels. In conjunction with the refinancing, the company will record a one-time pre-tax expense of approximately $91,000 related to the write-off of financing costs previously deferred for the old facility.
News For CHUY;WFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
12:33 EDTWFCWells Fargo to add Financial Engines advice to platform, Reuters reports
Wells Fargo (WFC) plans to add Financial Engines' (FNGN) advice offering to the bank's retirement platform, according to Reuters, citing a Wells Fargo presentation. Shares of Financial Engines are up 7% following the report. Reference Link
12:30 EDTWFCWells Fargo to sign 401(k) pact with Financial Engines, Reuters reports
Subscribe for More Information
07:14 EDTCHUYBMO Capital to hold a conference
Subscribe for More Information
May 20, 2015
08:21 EDTWFCATM data theft soars to highest rate in two decades, WSJ says
Subscribe for More Information
May 18, 2015
09:46 EDTWFCMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information
May 15, 2015
16:32 EDTWFCBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
May 14, 2015
06:51 EDTWFCWells Fargo looking to streamline operations, Charlotte Observer says
Subscribe for More Information
May 12, 2015
16:49 EDTWFCWells Fargo to pay $77M in trust fund case, St. Louis Today says
Subscribe for More Information
07:48 EDTWFCStandard & Poor's to hold a summit
Subscribe for More Information
May 11, 2015
08:18 EDTWFCBanks executives seek to push back on 'false, damaging' statements, WSJ reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use