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Provider of real-time solutions $ZBRA said that effective June 2, 2016, it has successfully repriced its $1.96Bil term loan. Under the amended term loan, interest rate has been reduced by 75 BP to LIBOR plus 3.25%, which is expected to generate annualized interest expense net savings of approx. $14MM based on current principal balance outstanding.
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.