Entertainment and communications company $ARRS said it has entered into a warrant agreement with $CMCSA. The warrants provide $CMCSA with opportunity to acquire ordinary shares of $ARRS based on specific sales targets for 2016 and 2017.
$PEG said that regarding the retail business, the company is looking at some tuck-in niche acquisitions, which the company has not been able to find. Therefore, $PEG has opted to pursue retail business growth organically, building the capability in-house. The company added that it is still targeting between 5 and 10 terawatt hours at its maturity.
$PNW said that it plans to spend more than $3.4Bil in capital over the next three years. Housing construction in 2016 was at its highest level since 2007. The company expects this trend to continue in 2017 as housing permits are expected to increase by about 7,000, driven largely by single family permits.
$ASGN completed the amendment of its credit facility. This included repricing of its existing $656MM Term B loan, reducing the pricing by 50 basis points to LIBOR, plus 2.25% and the removal of the LIBOR floor. $ASGN also lifted the size of its existing revolving line of credit from $150MM to $200MM and extended the maturity date to Feb. 21, 2022.
$AVY priced an underwritten public offering of EUR 500MM of 1.250% Senior Notes due 2025. The Senior Notes were priced at 99.917% of their principal amount. The offering is expected to close on March 3, 2017.