U.S. Concrete refinances credit facility U.S. Concrete terminated its existing $75M asset based credit agreement and entered into a new $80M asset based credit agreement on August 31. The new credit agreement will expire on July 1, 2015 and includes an uncommitted accordion feature that may allow for an increase in the total commitments under the facility to as much as $125M. Proceeds from advances under the new credit agreement will be used to finance working capital, permitted acquisitions and for other lawful corporate purposes.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: A.O. Smith (AOS) initiated with a Hold at Gabelli... Bellicum Pharmaceuticals (BLCM) initiated with a Neutral at Guggenheim... Criteo (CRTO) initiated with a Hold at Evercore ISI... FleetCor (FLT) initiated with a Buy at Monness Crespi... Franco-Nevada (FNV) initiated with a Buy at Canaccord... Horizon Technology (HRZN) initiated with an Outperform at Oppenheimer... Merrimack (MACK) initiated with a Buy at Guggenheim... Mobileye (MBLY) initiated with a Sector Weight at Pacific Crest... Monroe Capital (MRCC) initiated with an Outperform at Oppenheimer... Royal Gold (RGLD) initiated with a Hold at Canaccord... Silver Wheaton (SLW) initiated with a Buy at Canaccord... U.S. Concrete (USCR) initiated with a Buy at Stifel... Ziopharm (ZIOP) initiated with a Neutral at Guggenheim.