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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
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April 17, 2015
06:46 EDTCMAComerica sees FY15 average loan growth consistent with FY14
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06:43 EDTCMAComerica reports Q1 EPS 73c, consensus 73c
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April 16, 2015
15:23 EDTCMANotable companies reporting before tomorrow's open
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April 6, 2015
10:02 EDTCMAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AGCO (AGCO) downgraded to Sell from Hold at Deutsche Bank... CONSOL (CNX) downgraded to Hold from Buy at Deutsche Bank... Catamaran (CTRX) downgraded to Market Perform from Outperform at BMO Capital... Comerica (CMA) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Market Perform from Outperform at FBR Capital... Magnum Hunter (MHR) downgraded to Hold from Buy at Wunderlich... Qualcomm (QCOM) downgraded to Market Perform from Outperform at FBR Capital... Regions Financial (RF) downgraded to Neutral from Buy at Guggenheim... SAP (SAP) downgraded at Wells Fargo... Sanderson Farms (SAFM) downgraded to Underweight from Sector Weight at KeyBanc... Scorpio Tankers (STNG) downgraded to Neutral from Accumulate at Global Hunter... Simpson Manufacturing (SSD) downgraded to Neutral from Buy at DA Davidson... Skyworks (SWKS) downgraded at Stephens... TripAdvisor (TRIP) downgraded to Hold from Buy at Needham... Western Union (WU) downgraded to Neutral from Positive at Susquehanna... Zillow Group (Z) downgraded to Equal Weight from Overweight at Barclays.
07:22 EDTCMAComerica downgraded to Neutral from Buy at Guggenheim
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