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Fully integrated equity REIT $VNO completed the refinancing of theMART in Chicago for $675MM, wherein the five-year interest-only loan matures in Sept. 2021 and has a fixed rate of 2.70%. Net proceeds amounting to approx. $124MM were realized by the company after repaying the existing 5.57% $550MM loan and closing costs.
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.