On Tuesday,Shares of Host Hotels and Resorts Inc (NYSE:HST), SUBTRACT -0.93% and closed at $15.44 in the last trading session. The last trading range of the stock ranges between $15.37 and $15.70. Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm mainly engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm mainly invests in luxury and upper upscale hotels.
HCP, Inc. (NYSE:HCP), DROPPED -2.02% and closed at $36.84 in the last trading session. The last trading range of the stock ranges between $36.47 and $37.81. The company’s Market capitalization is $17.39 Billion with the total Outstanding Shares of 467.58 million.HCP (HCP) recently declared that its wholly owned partner, Quality Care Properties, Inc. (“QCP”), has priced an offering of $750 million in aggregate principal amount of 8.125% Senior Secured Second Lien Notes due 2023 (the “Notes”). The Notes will be issued by wholly owned auxiliaries of QCP, and will be guaranteed by QCP and certain of its other auxiliaries. The offering of the Notes is expected to close on or about October 17, 2016, subject to certain closing conditions. In addition to the Notes, HCP also declared that QCP has agreed to terms on a $1.0 billion in aggregate principal amount first lien six-year term loan at LIBOR (subject to a 1% floor) plus 5.25%, and a $100 million first lien five-year revolving credit facility at LIBOR plus 5.25%.
The offering of the Notes is being made, and the term loan is being reached, in connection with the planned spin-off of QCP to HCP stockholders, which is expected to be accomplished in the fourth quarter of 2016, subject to certain conditions, counting the effectiveness of QCP’s Registration Statement on Form 10. The proceeds from the Notes offering will be placed into escrow until the satisfaction of certain escrow release conditions, counting completion of the spin-off. QCP will use the net proceeds from the offering and the term loan to pay the cash portion of the consideration for properties and assets that it will receive from HCP before the spin-off. HCP will use such funds to repay indebtedness and for general corporate purposes.
Mosaic Co (NYSE:MOS), LOST -1.00% and closed at $24.64 in the last trading session. The last trading range of the stock ranges between $24.59 and $24.95. During the 52-week trading session the minimum price at which share price traded, registered at $22.02 and reached to max level of $36.95. Testing of nine wells near a sinkhole at a Mosaic Co fertilizer facility in Florida, site of a massive leak of contaminated water, shows that water meets safe drinking standards for radioactivity and damage has not spread beyond the site, the company said.
A sinkhole 45 feet (13.7 meters) in diameter and 240 feet deep opened in late August at Mosaic’s New Wales phosphate facility 30 miles east of Tampa. The retention pond of a phosphogypsum stack, a hill of hazardous waste generated by phosphate production, leaked the equivalent of 326 Olympic swimming pools of contaminated water into a Florida aquifer.
Samples were collected from wells within three to five miles of Mosaic’s facility at Mulberry, Florida, by environmental consulting firm ECT. A third-party lab conducted tests measuring radioactivity in the water and found that they meet state and federal standards, Mosaic said in a statement on its website late on Wednesday.source reuter