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$BIOA closed on $19.2MM loan from Bridging Finance acting as sub-advisor to the Sprott Bridging Income Fund LP. Proceeds from the loan will be used to retire an $8MM loan from Tennenbaum Capital Partners, with the balance applied to general corporate purposes.
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.