Belden ( BDC ) on Thursday said it priced a new $1.85 billion senior secured term loan B due 2033. The company said the loans will be issued at 99.75% of face value and will bear interest at SOFR plus 2.25%. Belden said the facility is expected to close concurrently with, and is subject to, the completion of its previously announced acquisition of RUCKUS Networks and customary closing conditions. ...
Belden ( BDC ) on Thursday said it priced a new $1.85 billion senior secured term loan B due 2033. The company said the loans will be issued at 99.75% of face value and will bear interest at SOFR plus 2.25%. Belden said the facility is expected to close concurrently with, and is subject to, the completion of its previously announced acquisition of RUCKUS Networks and customary closing conditions. The company plans to use the proceeds from the term loan, together with cash on hand, to fund the acquisition and related fees and expenses. Source: Press Release More on Belden Belden: Investors Have Some Questions On The Ruckus Deal Belden forecasts Q2 revenue of $735M-$750M as it plans to acquire Ruckus for $1.85B Vistance Networks to sell its unit to Belden for $1.85B
AMC Entertainment (NYSE:AMC) , which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sustain the turnaround narrative. Trading volume reached 58.4 million shares, about 85% above its three-month average of 3...
AMC Entertainment (NYSE:AMC) , which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sustain the turnaround narrative. Trading volume reached 58.4 million shares, about 85% above its three-month average of 31.5 million shares. AMC Entertainment IPO'd in 2013 and has fallen 99% since going public. The S&P 500 rose 1.73% to 7,393, while the Nasdaq Composite gained 2.54% to finish at 25,810. Within the entertainment space, industry peers Cinemark closed at $34.00 (+2.87%), and IMAX ended at $42.12 (-0.14%), underscoring mixed moves across theater-focused names. While most equity offerings prompt a share price decline, AMC rose 10% today after completing a $150 million at-the-market equity offering. This raise added financial flexibility for the company, as it could play a small role in whittling down its $3.9 billion in long-term debt and funding its $3.4 billion in leases. Continue reading