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Stock Market & Financial Investment News

News Breaks
November 21, 2012
11:15 EDTKSUKansas City Southern extends maturities of term loans to May 2018
On November 21, Kansas City Southern , together with its wholly-owned subsidiary, The Kansas City Southern Railway Company, as Borrower, KCSR, entered into a restatement agreement with certain subsidiaries named therein as guarantors, various financial institutions and other parties thereto and The maturity of the existing term loans under KCSR’s prior amended and restated credit agreement was extended to 2018 under the Restated Credit Agreement. The maturity of the commitments under KCSR’s existing revolving credit facility (consisting of a $200M revolving credit facility, including a $25M letter of credit facility and a $15M swing line facility, which, in each case, constitute usage under the revolving credit facility) was extended to 2017 under the Restated Credit Agreement.
News For KSU From The Last 14 Days
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June 30, 2015
08:09 EDTKSURail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 22, 2015
10:14 EDTKSUKansas City Southern could yield synergies for Canadian National, says Cowen
Cowen said Canadian National (CNI) has been increasing its presence and service offerings in the U.S. Gulf coast and a merger with Kansas City Southern (KSU) could increase competitiveness and result in substantial revenue synergies. The firm said Kansas City Southern trades at a 25% premium to the rail group and any merger would involve a great amount of political risk and has no reason to believe the company is contemplating such a move.

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