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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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April 10, 2014
10:00 EDTWWWWOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
06:12 EDTWWWWWeb.com initiated with a Neutral at Buckingham
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April 9, 2014
08:39 EDTWWWWWeb.com recent sell-off overdone, says BWS Financial
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April 8, 2014
10:03 EDTWWWWOn The Fly: Analyst Upgrade Summary
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09:03 EDTWWWWWeb.com upgraded to Buy from Hold at Craig-Hallum
As previously reported, Craig-Hallum upgraded Web.com to Buy from Neutral. The firm upgraded shares to reflect recent share weakness and solid fundamentals, growing free cash flow, and high recurring subscription based revenues. Price target raised to $40 from $34.
08:44 EDTWWWWWeb.com upgraded to Buy from Hold at Craig-Hallum
Price target is $40.
April 7, 2014
11:19 EDTWWWWVocus spikes after agreeing to be bought by GTCR affiliate
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