Auburn Hills, Michigan-based $BWA said its BoD declared a quarterly cash dividend of $0.13 per share of common stock. The dividend is payable on June 15, 2016 to shareholders of record on June 1, 2016.
$ABCB, the parent holding company of Ameris Bank, has commenced an underwritten public offering of approx $75MM of the company's common stock. $ABCB expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering.
$ABCB priced an underwritten public offering of 1.75MM common shares at $46.50 per share for gross proceeds of about $81.4MM. The net proceeds to the company after deducting underwriting discounts and commissions are expected to be about $77.3MM. $ABCB granted underwriters a 30-day option to buy up to an additional 262,500 common shares.
Upon emergence from bankruptcy, $SGY eliminated about $1.2Bil of outstanding debt, resulting in remaining debt outstanding of about $236.3MM, consisting of $225MM of 7.50% senior second lien notes due 2022, and about $11.3MM outstanding under a building loan.
$SGY completed the conditions precedent to emerging from chapter 11 reorganization, and its Second Amended Joint Prepackaged Plan of Reorganization of $SGY and its Debtor Affiliates that was confirmed on Feb. 15, 2017 by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division became effective on Feb. 28, 2017.
$WAB signed a $97MM contract to provide signaling and communication services, including a control and command center, for TEX Rail, a new commuter rail line being developed by the Fort Worth Transportation Authority. The authority expects to open the 27-mile, double-track line in 2018.