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21:09
Lululemon Athletica's management revealed that sales in North America are expected to decline by low double digits year-over-year in the second quarter.
This trend also applies to its US market, where a similar decline in the low double-digit range is expected.
21:08
Essential Properties Realty Trust Inc. (EPRT) announced the completion of pricing for its $400 million aggregate principal amount of 5.375% senior notes due 2036.
The purpose of this issuance is to provide funding for the company’s general operational needs, including repayment of existing debt and potential acquisition activities. The issuance of the notes will be conducted in accordance with relevant regulations of the U.S. Securities and Exchange Commission. The company anticipates that this issuance will enhance its financial flexibility and optimize its capital structure to support its strategic growth focused on single-tenant, operationally essential commercial real estate. The final terms of the notes, including the issue price, will be determined based on market conditions.
21:08
Keel Infrastructure Corp shares plummeted by 9.6% during after-hours trading.
This market reaction came immediately after the company announced plans to issue $350 million in convertible senior notes. Such fundraising activities are typically aimed at raising capital for the company, but may also spark market concerns about equity dilution, thereby affecting the stock price performance.
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