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Stock Market & Financial Investment News

News Breaks
December 13, 2012
09:03 EDTORBOrbital Sciences increases credit facility to $450M
Orbital Sciences announced that it completed an amendment to its existing $300M credit facility providing for a new five-year $150M senior secured term loan along with an extension of the maturity of the existing senior secured revolving credit facility. Following the amendment and extension, the credit facility borrowing capacity has been increased to $450 million in the aggregate, consisting of the $150M term loan and $300M of revolving loan capacity that will both mature in December 2017. All other existing material terms and conditions of the credit facility remain substantially the same.
News For ORB From The Last 14 Days
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January 28, 2015
16:35 EDTORBATK not issuing guidance due to pending closing of Orbital deal
Due to the pending closing of the anticipated transaction, Alliant Techsystems (ATK) is not discussing its outlook or issuing financial guidance. On the anticipated closing date, February 9, ATK stockholders as of the applicable record date, February 2, will receive two shares of Vista Outdoor (VSTO) common stock for every one share of ATK common stock they hold. In connection with the merger, Orbital (ORB) stockholders will receive 0.449 shares of ATK common stock for each share of Orbital common stock that they hold. Upon the closing of the transaction, ATK stockholders will own approximately 53.8% of Orbital ATK on a fully diluted basis and Orbital stockholders will own the remaining approximately 46.2% of Orbital ATK on a fully diluted basis.
January 27, 2015
10:34 EDTORBATK holders approve issuance of shares to Orbital
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January 26, 2015
08:01 EDTORBOrbital price target raised to $35 from $28 at Stifel
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January 23, 2015
06:15 EDTORBRoystone Capital reports 6.2% passive stake in Orbital
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January 22, 2015
14:27 EDTORBOrbital to host special shareholder meeting
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