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Energy company $SM said it has amended the senior secured credit facility that matures in 2019. The borrowing base and aggregate commitment amount is determined to be $1.25Bil. The financial covenant of a maximum 4 times total debt-to-trailing 12 months EBITDAX ratio is removed.
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.