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News Breaks
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January 20, 2012
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| 08:01 EDT |  | MPAA, PNC |
| theflyonthewall.com: | Motorcar increases liquidity with credit facility from PNC Financial | | Motorcar Parts of America (MPAA) announced it has entered into a $95M credit facility comprised of a $75M term loan with Cerberus Business Finance and a $20M revolving credit facility with PNC Bank, N.A., a member of The PNC Financial Services Group (PNC). The new loan replaces a previous $55.5M credit facility. :theflyonthewall.com |
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May 22, 2012
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| 07:40 EDT |  | PNC |
| theflyonthewall.com: | PNC Financial weakness creates buying opportunity, says RBC Capital | | After meeting with PNC's management, RBC Capital believes that the bank's outlook is still strong. The firm also thinks that the bank is undervalued compared with its peers and that the recent sell-off in bank stocks creates a buying opportunity. The firm maintains a Top Pick rating on PNC. :theflyonthewall.com |
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May 14, 2012
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| 08:11 EDT |  | MPAA |
| | 08:10 EDT | | MPAA |
| | 08:07 EDT | | MPAA |
| theflyonthewall.com: | Motorcar Parts reports Q3 adjusted EPS (83c), consensus 6c | | Reports Q3 revenue $84.1M, consensus $101.12M. The Q3 was hurt by operating losses, legacy costs related to Fenco unit. :theflyonthewall.com |
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