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MBI

MBIA

$9.49

-0.03 (-0.32%)

07:46
11/28/16
11/28
07:46
11/28/16
07:46

MBIA announcing financing commitment for MBIA Insurance

MBIA announced that its wholly-owned subsidiary, MBIA Insurance Corp, has accepted a binding commitment letter dated November 25, 2016, from certain holders of 14% Fixed-to-Floating Rate Surplus Notes of MBIA Corp., and from the company, pursuant to which the surplus noteholders or their affiliates have agreed, subject to the satisfaction of certain closing conditions, to provide senior financing of up to $325M and the company has agreed to provide subordinated financing of $38M to MBIA Corp. MBIA Corp. will use the proceeds of the Facility, together with approximately $60M from its own resources, to pay an anticipated claim on its insurance policy insuring certain notes issued by Zohar II 2005-1, Limited and Zohar II 2005-1 Corp, which mature on January 20, 2017.

MBI MBIA
$9.49

-0.03 (-0.32%)

04/25/16
KBWI
04/25/16
INITIATION
Target $8.5
KBWI
Market Perform
MBIA initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Chas Tyson started MBIA with a Market Perform rating and $8.50 price target. A potential restructuring of the company's Puerto Rico exposure and a potential default of its Zohar II exposure in January 2017 are "material" risks, Tyson tells investors in a research note.
04/25/16
04/25/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Medtronic (MDT) initiated with a Buy at SunTrust. 2. DURECT (DRRX) initiated with a Buy at Rodman & Renshaw with analyst Raghuram Selvaraju saying the company's epigenomic regulatory program could drive future upside. 3. MBIA (MBI) initiated with a Market Perform at Keefe Bruyette by analyst chas Tyson, who said a potential restructuring of the company's Puerto Rico exposure and a potential default of its Zohar II exposure in January 2017 are "material" risks. 4. Wayfair (W) initiated with a Neutral at JPMorgan with analyst Christopher Horvers saying that he has concerns about decelerating sales growth and higher spending in 2016. 5. Centene (CNC) initiated with an Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Treasury Option Action: a rash of put selling in the belly »

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ABT

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  • 07

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$NYE

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$NSD

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11:15
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Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

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ABT

Abbott

$37.63

-0.79 (-2.06%)

, ALR

Alere

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Breaking Hot Stocks news story on Abbott, Alere »

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  • 07

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ALR

Alere

$39.70

-0.1601 (-0.40%)

11:13
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11:11
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Conference/Events
JPMorgan pharmaceuticals major/specialty holds analyst/industry conference call »

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IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

11:10
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Options
Put spread in iShares Russell 2000 closes position opened Nov 17th »

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IDCC

InterDigital

$82.40

1.05 (1.29%)

11:08
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11:08
Downgrade
InterDigital rating change  »

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11:07
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Conference/Events
JPMorgan U.K. utilities analyst holds an analyst/industry conference call »

U.K. Utilities Analyst…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

, NSRGY

Nestle

$67.79

0.09 (0.13%)

11:06
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Hain Celestial names Gary Tickle COO »

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HAIN

Hain Celestial

$39.20

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NSRGY

Nestle

$67.79

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11:02
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Conference/Events
JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

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AVT

Avnet

$47.09

0.4 (0.86%)

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Avnet enters collaboration with Micro Focus »

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SPGI

S&P Global

$113.07

-0.5 (-0.44%)

11:00
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Conference/Events
JPMorgan Brazilian Ethanol analysts hold an analyst/industry conference call »

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  • 07

    Dec

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    Dec

MT

ArcelorMittal

$8.49

0.145 (1.74%)

11:00
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Options
Arcelor Mittal calls active as shares reach 52-week highs »

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10:55
12/07/16
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Conference/Events
The SEC to hold a committee meeting »

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XRX

Xerox

$9.73

0.43 (4.62%)

10:52
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Technical Analysis
Xerox rallies sharply on very heavy volume, levels to watch »

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  • 07

    Dec

WDC

Western Digital

$63.85

1.76 (2.83%)

, MU

Micron

$19.06

0.45 (2.42%)

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Brean Capital leads bullish analysts in upping Western Digital targets »

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WDC

Western Digital

$63.85

1.76 (2.83%)

MU

Micron

$19.06

0.45 (2.42%)

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  • 07

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CAVM

Cavium

$61.47

4.41 (7.73%)

10:51
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Conference/Events
Cavium management to meet with Canaccord »

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  • 08

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ARI

Apollo Commercial

$17.61

0.1 (0.57%)

10:50
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Conference/Events
Apollo Commercial management to meet with JMP Securities »

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  • 08

    Dec

FTNT

Fortinet

$29.93

-0.29 (-0.96%)

10:50
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Bullish flow in Fortinet includes a three-way spread »

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  • 12

    Dec

MAR

Marriott

$82.08

1.08 (1.33%)

10:49
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Marriott's Luxury Collection announces five openings across Europe »

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AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
12/07/16
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10:48
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Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

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  • 08

    Dec

ACIW

ACI Worldwide

$18.77

0.33 (1.79%)

10:47
12/07/16
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10:47
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Conference/Events
ACI Worldwide management to meet with Craig Hallum »

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  • 08

    Dec

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