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On April 7, 2016, $DUK borrowed $500MM under a delayed-draw term loan facility arranged on Feb. 22, 2016. The term loan borrowing is due on or before Aug. 19, 2016 and will bear interest at 30-day LIBOR plus 75 BPs. The term loan is pre-payable at par and the terms are generally consistent with those governing the Master Credit Facility.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.