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In 2015, $KSS completed a cash tender offer and redemption for $1,085MM of senior unsecured debt. The company recognized a $169MM loss on extinguishment of debt. This included a $163MM bond tender premium paid to holders of the debt and a $6MM non-cash write-off of deferred financing costs and original issue discounts related to extinguished debt.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.