On Tuesday, Shares of Centurylink Inc (NYSE:CTL), subtract -0.72% and closed at $27.64 in the last trading session. The last trading range of the stock ranges between $27.56 and $28.10. The company’s Market capitalization is $15.13 Billion with the total Outstanding Shares of 545.97 million. During the 52-week trading session the minimum price at which share price traded, registered at $21.94 and reached to max level of $32.94. – Buyout firm BC Partners Ltd is in pole position to acquire a data center business that CenturyLink Inc, a U.S. provider of phone and internet services, is hoping to divest for more than $2.5 billion, people familiar with the matter said.
BC Partners emerged as the lead bidder after another private equity consortium comprising GTCR LLC, Charlesbank Capital Partners LLC, Berkshire Partners LLC and Stonepeak Infrastructure Partners, which was also pursuing the assets, broke apart without any deal reached, the people said this week.
The sale process has been complicated by leases that CenturyLink has with Digital Realty Trust Inc, a company which rents out data centers, making a deal with BC Partners uncertain, the people said.SOURCE REUTER
First Data Corp (NYSE:FDC), dropped -1.57% and closed at $13.17 in the last trading session. The last trading range of the stock ranges between $13.06 and $13.35. During the 52-week trading session the minimum price at which share price traded, registered at $8.37 and reached to max level of $17.99. 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.”
On the otherhand Navient Corp (NASDAQ:NAVI), lost -1.81% and closed at $14.11 in the last trading session. The last trading range of the stock ranges between $14.03 and $14.44. The company’s Market capitalization is $4.41 billion with the total Outstanding Shares of 318.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $8.20 and reached to max level of $14.92. Navient (NAVI), the nation’s leading loan administration, servicing and asset recovery company, declared recently that its board of directors approved a 2016 fourth quarter dividend of $0.16 per share on the company’s common stock.