$SO's retail energy sales decreased 1.2Bil kilowatt hours in 2015 as compared to the prior year. This decrease was primarily the result of milder weather in the 1Q15 and 4Q15 and decreased customer usage, partially offset by customer growth.
$NBR's subsidiary Nabors Industries Inc. priced $600MM of its 5.5% senior unsecured notes due 2023 in the private placement offering. The notes will be fully and unconditionally guaranteed by $NBR. The closing is expected to occur on or about Dec. 9, 2016.
$HIFR's BoD declared a quarterly cash dividend of $0.25 per share of common stock, or $1.00 per share on an annualized basis. The dividend is payable on Jan. 19, 2017, to shareholders of record on Dec. 30, 2016.
$SON said it will invest $20MM in development of a new packaging center to support Duracell's new North America battery packaging operation. $SON's Display and Packaging unit will be located in Duracell's new leased facility in the Atlanta area.
For 2017, $SON expects cash from operations to be about $470MM and free cash flow to be about $126MM, after spending $190MM in capital investments and payment of dividends. $SON expects free cash flow to be lower in 2017 due to increased pension contributions, higher cash taxes and historic practice of increasing cash dividends to shareholders.