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$WDC said it priced $3Bil of new U.S. dollar-denominated term B loans at interest rate of LIBOR 3.75%, which priced 175 basis points lower than its prior term B loans issued in connection with purchase of SanDisk. $WDC settled previous U.S. dollar-denominated term B loans with proceeds of this new loan and a voluntary cash prepayment of $750MM.
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.