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Stock Market & Financial Investment News

News Breaks
March 7, 2013
09:10 EDTEAC, WFCErickson Air-Crane receives secured credit facility commitment letter
Erickson Air-Crane (EAC) has received a binding commitment letter from a bank syndicate led by Wells Fargo (WFC) Bank for a new senior secured credit facility of up to $165.0M, consisting of a $115.0M term loan facility and a revolving credit facility of up to $50.0M. The company and the bank syndicate will need to negotiate and execute a new credit agreement and related documents, which would replace the company’s current credit agreement, also led by Wells Fargo Bank. The current credit agreement consists of a $65.0M term loan facility and a revolving credit facility of up to $67.5M which matures on June 24.
News For EAC;WFC From The Last 14 Days
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July 21, 2014
10:02 EDTWFCOn The Fly: Analyst Downgrade Summary
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08:36 EDTWFCWells Fargo downgraded to Hold from Buy at Rafferty Capital
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July 17, 2014
07:14 EDTWFCWells Fargo CEO John Stumpf says economy stronger than people think
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