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In June 2015, $VMC cancelled its secured $500MM line of credit and entered into an unsecured $750MM line of credit that expires in June 2020. $VMC expects to use the line of credit to refinance at maturity the $150MM note (10.125% notes) due Dec. 2015.
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.