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Used car retailer $KMX, during 2Q16, entered into a new five-year $1.2Bil unsecured revolving credit facility with various financial institutions that expires in Aug. 2020, replacing its $1Bil credit facility that was scheduled to expire in Aug. 2016. $KMX also extended the maturity of its $300MM term loan from Nov. 2017 to Aug. 2020.
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.