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Real estate company $SKT said its operating partnership, Tanger Properties Limited Partnership, has completed a public offering of $250MM of 3.125% senior notes due 2026. The notes will pay interest semi-annually at a rate of 3.125% per annum and mature on Sept. 1, 2026.The net proceeds from the offering, excluding expenses, were about $246.7MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.