On Monday, Shares of First Data Corp (NYSE:FDC), added 0.60% and closed at $13.38 in the last trading session. The last trading range of the stock ranges between $13.31 and $13.76. The company’s Market capitalization is $12.21 Billion with the total Outstanding Shares of 910.01 million. First Data Corporation (FDC) recently declared that it has received affirmative responses from a group of new and existing lenders who have agreed to provide about $4.3 billion and €0.2 billion of term loans due March 2021 at an interest rate of LIBOR plus 300 basis points.
The transaction declared recently allows First Data to refinance its existing term loans that are due in March 2021 at an interest rate 100 basis points lower than those they will replace and result in annualized cash interest savings of about $45 million.
“Working with our lenders, this noteworthytransaction allows us to refinance our current 2021 term loans at more favorable interest rates,” said Himanshu Patel, Chief Financial Officer, First Data. “As we have done over the past several years, First Data will continue to take advantage of opportunities when they present themselves to improve our capital structure.”
The successful completion of this transaction is subject to market and other conditions. There is no assurance that it can be accomplished on the terms outlined in this declarement.
American International Group Inc (NYSE:AIG), jumped 0.63% and closed at $60.44 in the last trading session. The last trading range of the stock ranges between $60.33 and $60.73. The company’s Market capitalization is $64.83 Billion with the total Outstanding Shares of 1.08 billion. During the 52-week trading session the minimum price at which share price traded, registered at $48.41 and reached to max level of $64.31. American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the stability of global financial markets. Details of the U.K. lawsuit, which was filed in 2014, emerged at a London court hearing Friday. The 23 traders, analysts and managers, who worked at a partner of AIG Financial Products Corp., were denied deferred compensation because of “noteworthymedia and political pressure” resulting from the U.S. government’s rescue deal, according to documents their lawyers presented for the preliminary hearing. AIG’s Financial Products unit almost brought down the company with money-losing derivative bets backing subprime mortgages.source bloomberg
On the otherhand SAExploration Holdings, Inc. (NASDAQ:SAEX), jumped 16.09% and closed at $8.80 in the last trading session. The last trading range of the stock ranges between $7.65 and $9.39. The company’s Market capitalization is $70.82 Billion with the total Outstanding Shares of 9.34 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.32 and reached to max level of $375.30. SAExploration Holdings, Inc., an oilfield services company, provides seismic data acquisition and logistical support services to the oil and gas industry in North and South America, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing. The company acquires 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones between land and water, and in offshore in depths reaching 3,000 meters.