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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:46 EDTWWWWWeb.com to raise first lien credit facility to $660M to repay second facility
Web.com announced that it plans to amend, increase and re-price its First Lien Credit Facility and use the proceeds of such increase to repay the remaining balance of its Second Lien Term Loan. The company will seek improved terms on its First Lien Term Loan, which has a current interest rate of LIBOR plus 4.25%, with a LIBOR floor of 1.25%, and a balance of approximately $628M at December 31, 2012. The company will seek to increase the size of the First Lien Term Loan to $660M to repay in full the remaining balance of the Second Lien Term Loan, which was approximately $32M at December 31, 2012. The company also expects that its Revolving Credit Facility, which currently has an interest rate of LIBOR plus 3.75%, will be increased by $10M and amended to reflect reduced pricing. Since the Network Solutions acquisition in October 2011, the company has reduced its debt balance by $70M.
News For WWWW From The Last 14 Days
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May 22, 2015
05:38 EDTWWWWWeb.com price target raised to $32 from $25 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Web.com to $32 citing confidence in the company's turnaround and eventual return to growth. Munster believes Web.com's turnaround is on plan and expects guidance for the next two quarters to meet consensus estimates. He reiterates an Overweight rating on the stock.
May 19, 2015
07:43 EDTWWWWJPMorgan to hold a conference
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May 12, 2015
08:07 EDTWWWWSunTrust to hold a conference
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May 11, 2015
09:59 EDTWWWWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
06:52 EDTWWWWWeb.com upgraded to Buy from Hold at Deutsche Bank
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