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In Jan. 2016, $BDX amended an existing $1Bil syndicated credit facility with a $1.5Bil facility with an expiration date of Jan. 2021. The facility includes a single financial covenant that requires $BDX to maintain an interest expense coverage ratio not less than 5-to-1 for 4 consecutive quarters. The company is compliant with this as of Dec. 31.
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.