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In 2015, $CBG entered into a restated credit agreement providing for a $500MM tranche A term loan facility and a $2.6Bil revolving credit facility. The company added new tranche B-1 and tranche B-2 term loan facilities under this same credit facility. In 2015, $CBG incurred about $21.7MM of financing costs, of which $1MM was expensed.
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.