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.
August 28, 2015
06:21 EDTWFCWells Fargo front-runner to purchase GE's railcar unit, Bloomberg reports
Subscribe for More Information
August 27, 2015
06:46 EDTWFCFed ups scrutiny of U.S. bank payment systems, WSJ reports
Subscribe for More Information
06:34 EDTWFCBanks, investors may suffer from margin calls, WSJ reports
Subscribe for More Information
August 25, 2015
11:12 EDTWFCNumerous analysts upgrade Bank of America amid market rebound
Subscribe for More Information
August 24, 2015
12:26 EDTWFCAvolon Capital acquires Airbus A321-200 aircraft on lease to Vueling Airlines
Subscribe for More Information
07:01 EDTWFCWells Fargo volatility at high end of range
Subscribe for More Information
August 20, 2015
05:48 EDTWFCStocks with implied volatility movement; WFC XLI
Stocks with implied volatility movement; Wells Fargo (WFC) 16, Industrial Select Sector SPDR (XLI) 18 according to iVolatility.
August 18, 2015
17:35 EDTWFCWells Fargo to build additional car loan branches, Reuters says
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