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On Feb. 2, 2016, $SPLS entered into a term loan agreement with the syndicate of lenders, & Barclays as administrative & collateral agent, for principal sum of $2.5Bil. $SPLS made an agreement pursuant to which BofA Merrill Lynch & Barclays agreed to extend their existing financing commitments for 5-year $3Bil asset-based revolving credit facility.
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.