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Pennsylvania-based REIT $PEI said it has completed the refinancing of the Woodland Mall mortgage loan and extended and modified the terms of the Viewmont Mall mortgage loan. The LIBOR-based loans total $187MM with a fixed weighted avg. interest rate of 3.16%. The new debt instruments will result in annual interest expense savings of about $3.7MM.
$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.