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$SM said the new financial covenants added to its senior secured credit facility include a maximum senior secured debt-to-trailing 12 months EBITDAX ratio of 2.75 times and a minimum trailing 12 months EBITDAX-to-interest ratio of at least 2 times. The interest rate on the debt is increased 50BP to LIBOR plus 175-275BP.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?