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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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March 3, 2015
10:01 EDTCMAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bacterin (BONE) initiated with a Buy at H.C. Wainwright... Cognizant (CTSH) initiated with a Buy at Argus... Comerica (CMA) initiated with a Neutral at UBS... Delphi Automotive (DLPH) initiated with a Neutral at Northcoast... Dunkin' Brands (DNKN) initiated with a Neutral at UBS... Easterly Government Properties (DEA) initiated with an Outperform at RBC Capital... Fifth Third (FITB) initiated with a Buy at UBS... Hilton (HLT) initiated with an Outperform at RBC Capital... KeyCorp (KEY) initiated with a Neutral at UBS... Ligand (LGND) initiated with a Buy at CRT Capital... M&T Bank (MTB) initiated with a Neutral at UBS... MPLX (MPLX) initiated with a Hold at Evercore ISI... Marriott (MAR) initiated with an Outperform at RBC Capital... Nexvet Biopharma (NVET) initiated with an Outperform at JMP Securities... Regions Financial (RF) initiated with a Neutral at UBS... Shell Midstream (SHLX) initiated with a Buy at Evercore ISI... Starwood (HOT) initiated with a Sector Perform at RBC Capital... Sunoco Logistics (SXL) initiated with a Hold at Evercore ISI... Syneron Medical (ELOS) initiated with a Buy at Brean Capital... Tesoro Logistics (TLLP) initiated with a Buy at Evercore ISI... Valero Energy Partners (VLP) initiated with a Buy at Evercore ISI... Vista Outdoor (VSTO) initiated with a Buy at CRT Capital... Zions Bancorp (ZION) initiated with a Sell at UBS.
07:08 EDTCMAComerica initiated with a Neutral at UBS
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