New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 27, 2012
08:04 EDTCMA, UPGUniversal Power Group secures $30M revolving credit agreement with Comerica
Universal Power Group (UPG) announced the signing of a four-year credit agreement and term loan with Comerica Bank (CMA). The $30M credit facility includes an accordion feature that will allow for a $10M increase to the credit line if needed. The new credit agreement expires on Dec. 31, 2016, and replaces UPG’s current credit agreement which expires on June 30, 2013. The interest rate associated with the new credit agreement is based on the LIBOR, plus 1.875% for the first year of the agreement. During years two through four of the agreement, the rate will vary based on the ratio of UPG’s total debt to total tangible net worth, and will be set at LIBOR plus a spread of between 1.875% and 2.125%. In conjunction with the new credit agreement, UPG has implemented a $4M, four-year term loan which will be used to refinance existing debt under the Company’s previous credit facility.
News For UPG;CMA From The Last 14 Days
Check below for free stories on UPG;CMA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 22, 2014
16:25 EDTCMAComerica raises quarterly dividend to 20c, increases repurchase program
The board of directors of Comerica increased the quarterly cash dividend for common stock five percent to 20c per share. The dividend is payable July 1, to common stock shareholders of record June 13.The board today also increased the number of shares of common stock that Comerica is authorized to repurchase under its share repurchase program by 2M shares. This action was taken in conjunction with Comerica's announcement on March 26, that the Federal Reserve did not object to Comerica's 2014 capital plan and contemplated capital distributions. The plan includes up to $236M in share repurchases for the four-quarter period commencing in the second quarter 2014 and ending in the first quarter 2015. Shares will be purchased from time to time in the open market or otherwise. The shares may be held as treasury stock or retired.
April 15, 2014
06:45 EDTCMAComerica reports Q1 EPS 73c, consensus 72c
Subscribe for More Information
April 14, 2014
15:17 EDTCMANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Johnson & Johnson (JNJ), consensus $1.48; Coca-Cola (KO), consensus 44c; Charles Schwab (SCHW), consensus 22c; Northern Trust (NTRS), consensus 78c; Comerica (CMA), consensus 72c; Westamerica (WABC), consensus 58c; Comverse (CNSI), consensus 49c; Pep Boys (PBY), consensus 5c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use