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Fly News Breaks for October 30, 2015
PLUS, THR, SWFT, STRZA, SWI, SCTY, STM, RPRX, RYAM, RTIX, QUNR, BTU, PEBO, PZZA, OEC, OII, NYCB, MTH, MMYT, LLL, HOS, ISBC, HTBI, HTWR, GG, FELP, FBC, EVER, DGI, DWA, CMLS, CTRL, GTLS, CALX, EAT, EPAY, BWA, BLMN, BRFS, ADSK, ACGL, MO
Oct 30, 2015 | 10:00 EDT
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Market Perform at Cowen... Arch Capital (ACGL) downgraded to Underperform from Neutral at BofA/Merrill... Autodesk (ADSK) downgraded to Mixed from Positive at OTR Global... BRF S.A. (BRFS) downgraded to Underperform from Buy at BofA/Merrill... Bloomin' Brands (BLMN) downgraded to Mixed from Positive at OTR Global... BorgWarner (BWA) downgraded to Sector Perform from Outperform at RBC Capital... Boston Beer (SAM) downgraded to Outperform from Buy at CLSA... Bottomline Technologies (EPAY) downgraded to Hold from Buy at Craig-Hallum... Brinker (EAT) downgraded to Hold from Buy at Argus... Calix (CALX) downgraded to Hold from Buy at Jefferies... Chart Industries (GTLS) downgraded to Hold from Buy at Lake Street... Control4 (CTRL) downgraded to Hold from Buy at Needham... Cumulus Media (CMLS) downgraded to Sector Perform from Outperform at RBC Capital... DigitalGlobe (DGI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Underperform from Neutral at BofA/Merrill... EverBank (EVER) downgraded to Underperform from Buy at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Market Perform from Outperform at Keefe Bruyette... Foresight Energy (FELP) downgraded following weak results at Stifel... Goldcorp (GG) downgraded to Buy from Action List Buy at TD Securities... HeartWare (HTWR) downgraded to Neutral from Overweight at Piper Jaffray... HomeTrust (HTBI) downgraded to Market Perform from Outperform at Keefe Bruyette... Hornbeck Offshore (HOS) downgraded to Sector Perform from Outperform at Iberia... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Compass Point... L-3 Communications (LLL) downgraded to Market Perform from Outperform at Cowen... MakeMyTrip (MMYT) downgraded to Hold from Buy at Deutsche Bank... Meritage Homes (MTH) downgraded to Hold from Buy at Evercore ISI... New York Community Bancorp (NYCB) downgraded to Underperform at FBR Capital... Oceaneering (OII) downgraded to Market Perform from Outperform at Cowen... Orion Engineered (OEC) downgraded to Neutral from Buy at UBS... Papa John's (PZZA) downgraded to Sector Weight from Overweight at KeyBanc... Peabody (BTU) downgraded on negative catalysts at Stifel... Peoples Bancorp (PEBO) downgraded to Outperform from Strong Buy at Raymond James... Qunar (QUNR) downgraded on Ctrip transaction at Stifel... RTI Surgical (RTIX) downgraded to Hold at Canaccord... Rayonier Advanced Materials (RYAM) downgraded to Sector Perform from Outperform at RBC Capital... Repros Therapeutics (RPRX) downgraded to Hold from Buy at Brean Capital... STMicroelectronics (STM) downgraded to Hold from Buy at Craig-Hallum... SolarCity (SCTY) downgraded to Neutral from Outperform at Baird... SolarWinds (SWI) downgraded to Hold from Buy at Jefferies... Starz (STRZA) downgraded to Underperform from Buy at CLSA... Swift Transport (SWFT) downgraded to Market Perform from Outperform at Avondale... Thermon Group (THR) downgraded to Market Perform from Outperform at William Blair... ePlus (PLUS) downgraded on valuation at Stifel.
News For MO;ACGL;ADSK;BRFS;BLMN;BWA;EPAY;EAT;CALX;GTLS;CTRL;CMLS;DWA;DGI;EVER;FBC;FELP;GG;HTWR;HTBI;ISBC;HOS;LLL;MMYT;MTH;NYCB;OII;OEC;PZZA;PEBO;BTU;QUNR;RTIX;RYAM;RPRX;STM;SCTY;SWI;STRZA;SWFT;THR;PLUS From the Last 2 Days
CMLS
Mar 27, 2024 | 08:20 EDT
Cumulus Media announced that its subsidiary, Cumulus Media New Holdings, has extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation, in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 for new 8.750% Senior Secured First-Lien Notes due 2029, to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024. Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum. The Issuer is extending the previously announced Expiration Time, which was 5:00 p.m., New York City Time, on March 26, 2024, to 5:00 p.m., New York City Time, on April 2, 2024. The deadline to validly withdraw tenders of the Old Notes was not extended and expired at 5:00 p.m., New York City Time, on March 11, 2024. The Exchange Offer and Consent Solicitation will expire at the New Expiration Time, unless extended or terminated. The New Expiration Time is subject to earlier termination, withdrawal or extension by the Issuer in its sole and absolute discretion. All other terms of the tender offer remain unchanged. The previously announced Early Tender Time lapsed at 5:00 p.m., New York City Time, on March 18, 2024. As such, holders that validly tender and do not validly withdraw their Old Notes prior to the New Expiration Time are only eligible to receive $770.00 principal amount of New Notes. The Issuer will pay accrued and unpaid interest to, but excluding, the Settlement Date, which is as soon as practicable after the New Expiration Time, in cash, to holders of Old Notes accepted for exchange pursuant to the Exchange Offer and Consent Solicitation. As of 5:00 p.m., New York City time, on March 26, 2024, approximately $15 million aggregate principal amount of the Old Notes had been validly tendered pursuant to the Exchange Offer and Consent Solicitation and not withdrawn.