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Stock Market & Financial Investment News

News Breaks
December 27, 2012
08:04 EDTUPG, CMAUniversal 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 15, 2014
06:45 EDTCMAComerica reports Q1 EPS 73c, consensus 72c
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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.

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