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$KND said it has closed its incremental $200MM term loan, net proceeds of which were used to repay outstanding borrowings under its $900MM senior secured asset-based revolving credit facility. This incremental term loan has the same terms as previously outstanding $1.18Bil of term loans under its existing senior secured term loan credit facility.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.