News Breaks |
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| February 19, 2013 |
| 08:03 EDT |  | FCX, MMR, PXP | Freeport McMoRan completes agreements for financing
Freeport-McMoRan Copper & Gold (FCX) announced the completion of agreements with two bank syndicates providing committed financing for a $4B bank Term Loan and a new $3B Revolving Credit Facility in connection with FCX's proposed acquisitions of Plains Exploration & Production (PXP) and McMoRan Exploration (MMR). The Term Loan will be drawn at the closing of the acquisitions and may be used to fund the cash portion of the acquisitions, refinancings of certain debt outstanding at PXP and MMR or for general corporate purposes. The Term Loan will mature five years from the date of the first borrowing and will bear interest determined by reference to FCX's credit ratings. In connection with the completion of the Term Loan, lender commitments under FCX's acquisition bridge facilities have been reduced from $9.5B to $5.5B. In addition, FCX has entered into agreements for a new five-year $3B Revolving Credit Facility, which will replace FCX's existing $1.5B revolving credit facility on completion of the PXP transaction. |
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News For FCX;PXP;MMR From The Last 14 Days Check below for free stories on FCX;PXP;MMR the last two weeks. |
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| June 14, 2013 |
| 06:24 EDT |  | FCX | Freeport McMoRan re-initiated with an Outperform at Credit Suisse
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| June 12, 2013 |
| 09:07 EDT | | FCX | On The Fly: Pre-market Movers
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| 08:13 EDT | | FCX | Freeport McMoRan updates on Indonesia operations following accident
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| 08:11 EDT | | FCX | Freeport sees negative impact of 80M lbs copper, 80K oz gold following accident
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| June 6, 2013 |
| 10:01 EDT | | FCX | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Cadence (CADX) initiated with a Neutral at Piper Jaffray... Costco (COST) initiated with a Buy at Sterne Agee... Dollar General (DG) initiated with a Neutral at Sterne Agee... Dollar Tree (DLTR) initiated with a Buy at Sterne Agee... Emeritus (ESC) initiated with a Neutral at Goldman... Enbridge (ENB) initiated with an Outperform at Macquarie... ExOne (XONE) initiated with a Buy at Canaccord... Family Dollar (FDO) initiated with a Neutral at Sterne Agee... Five Below (FIVE) initiated with a Neutral at Sterne Agee... Haemonetics (HAE) initiated with an Outperform at JMP Securities... ING Group (ING) initiated with a Buy at Jefferies... J.C. Penney (JCP) initiated with a Buy at Sterne Agee... Kohl's (KSS) initiated with a Neutral at Sterne Agee... Macy's (M) initiated with a Buy at Sterne Agee... Nordstrom (JWN) initiated with a Buy at Sterne Agee... Saks (SKS) initiated with a Neutral at Sterne Agee... Signature Bank (SBNY) initiated with an Overweight at Morgan Stanley... The Fresh Market (TFM) initiated with a Buy at Sterne Agee... The Medicines Co. (MDCO) initiated with an Overweight at Piper Jaffray... Vitamin Shoppe (VSI) initiated with a Buy at Sterne Agee... Whole Foods (WFM) initiated with a Buy at Sterne Agee... SkyWest (SKYW) initiated with an In-Line at Imperial Capital... W&T Offshore (WTI) initiated with a Buy at SunTrust... Canadian Natural (CNQ) initiated with an Accumulate at Global Hunter... Cenovus Energy (CVE) initiated with a Buy at Global Hunter... Suncor (SU) initiated with a Buy at Global Hunter... Freeport McMoRan (FCX) coverage resumed with a Buy at Jefferies. |
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| 07:01 EDT | | FCX | Freeport McMoRan coverage resumed with a Buy at Jefferies
Target $44. |
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