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$FRT said it has priced its public offering of $250MM of 3.625% senior notes due Aug. 1, 2046. The notes were offered at 97.756% of principal amount. The offering is expected to close on July 12, 2016. Company intends to use net proceeds to pay down outstanding balance under its revolving credit facility and for corporate purposes.
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.