On Friday, Shares of ON Semiconductor Corp(NASDAQ:ON), subtract -1.21% and closed at $12.28 in the last trading session. The last trading range of the stock ranges between $12.16 and $12.43. The company’s Market capitalization is $5.04 Billion with the total Outstanding Shares of 415.55 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.97 and reached to max level of $12.69. ON Semiconductor Corporation (Nasdaq: ON) (“ON Semiconductor”) declared recently that ON Semiconductor has successfully closed the refinancing of its secured debt facilities. The refinancing transaction amended ON Semiconductor’s secured debt facilities documentation in order to, among other things, (i) replace and refinance in full its senior secured term loans with a new tranche of refinancing term loans with a 1.25% reduction in the applicable margin, (ii) increase the size of its senior secured term loan facility by $200 million to a total aggregate amount of $2.4 billion, (iii) reduce the applicable margin with respect to the revolving credit facility by 1.25% and (iv) amend certain provisions to permit the entry by ON Semiconductor’s auxiliaries into secured hedging arrangements with qualified institutions and to facilitate certain restructuring transactions and intercompany intellectual property transfers intended to achieve the efficient integration of ON Semiconductor, its auxiliaries and its attained entities (collectively, the “Transactions”).
Penn West Petroleum Ltd (USA)(NYSE:PWE), dropped -1.57% and closed at $1.88 in the last trading session. The last trading range of the stock ranges between $1.85 and $1.95. The company’s Market capitalization is $937.07 million with the total Outstanding Shares of 502.30 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.48 and reached to max level of $1.97. PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) (“Penn West”, “we”, “us” or “our”) is happy to declare that David French will be joining the company as President and Chief Executive Officer and will join the Board of Directors with effect from October 24, 2016 succeeding Dave Roberts who has been in the role since June, 2013.
Mr. French, 47, most recently served as President and CEO of Bankers Petroleum Ltd., a Calgary-based publicly-traded oil and gas company with operations in Southeastern Europe. Mr. French successfully led the operational and commercial growth of the enterprise over his tenure. He has worked a wide range of reservoir rock types, and primary, secondary and tertiary development throughout Canada, the lower 48 United States and Europe. Before joining Bankers in 2013, Mr. French held several executive roles at Apache Corporation counting Regional Production Manager for the western Canadian business, and Global Vice President of Business Development. Earlier in his career Mr. French worked for McKinsey & Co. in energy consulting and built his career in the Permian Basin for Amoco Production Company (now BP). Mr. French holds a Bachelor’s degree in mechanical engineering from Rice University and an MBA from Harvard Business School.
On the otherhand Public Service Enterprise Group Inc. (NYSE:PEG), dropped -0.07% and closed at $40.72 in the last trading session. The last trading range of the stock ranges between $40.70 and $41.51. The company’s Market capitalization is $20.59 Billion with the total Outstanding Shares of 505.92 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $36.80 and reached to max level of $47.41. PSEG declared recently that its Hudson Generation Station in Jersey City, N.J., and its Mercer Generation Station in Hamilton Township, N.J., will be stepped down on June 1, 2017.
“The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the noteworthyinvestment required to upgrade these plants to meet the new reliability standards,” said Bill Levis, president and chief operating officer-PSEG Power. “The plants have been infrequently called on to run and neither plant cleared the last two PJM capacity auctions. The plants’ capacity payments have been critical to their profitability and PSEG’s ability to continue to invest in modernizing them.”
PSEG stressed that it is committed to treating the about 200 employees at Hudson and Mercer fairly during the process of retiring the existing units.