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Stock Market & Financial Investment News

News Breaks
March 7, 2013
09:10 EDTWFC, EACErickson 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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May 6, 2015
15:42 EDTWFCBlackstone, Apollo, Ares to bid for GE private equity lender, FT says
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08:49 EDTWFCBlackRock has held talks with banks over CDS clearinghouses, Bloomberg says
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May 5, 2015
12:13 EDTWFCWells Fargo sued by Los Angeles over 'unlawful conduct,' LA Times reports
Wells Fargo has been sued by the city of Los Angeles, which accuses the bank of driving employees to open unauthorized customer accounts, charging them "bogus" fees and damaging their credit, The LA Times reports. The civil complaint claims Wells Fargo encouraged employees to engaged in "unfair, unlawful and fraudulent conduct." Reference Link
07:16 EDTWFCNational Cable & Telecommunications Association to hold an expo
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May 1, 2015
16:59 EDTWFCWells Fargo CEO: Mortgage market good, but not booming
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April 30, 2015
06:26 EDTWFCBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
06:14 EDTWFCSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
April 28, 2015
14:08 EDTWFCWells Fargo raises quarterly dividend 7% to 37.5c
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April 23, 2015
07:03 EDTWFCCapital Link to hold a forum
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April 22, 2015
08:34 EDTEACErickson receives certification as Wyvern Wingman Operator
Erickson Incorporated announced that its subsidiaries comprised of air and maintenance operations, are each now certified as Wyvern Wingman Operators. This prestigious designation by Wyvern, Ltd. is awarded to aviation service providers who meet standards for flight and maintenance operations that exceed regulatory obligations.

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