Active Mix Cap Retreated Movers: Univar Inc. (NYSE:UNVR), NRG Energy, Inc. (NYSE:NRG)

Univar Inc. (NYSE:UNVR) [Trend Analysis] luring active investment momentum, shares a gain 2.26% to $29.45. Univar Inc. (UNVR) revealed that it and its wholly-owned subsidiary, Univar USA Inc., have entered into an Amended Credit Contract with Bank of America N.A. and other lenders to provide a new Term B-2 loan facility in an aggregate principal amount of $2.2 billion, which replaces the Company’s previous U.S. dollar Term Loan B and $175.6 million of euro loans outstanding, leaving €82.7 million of the original euro Term B loan facility outstanding.

The Amended Term Loan Facility reflects a 50 basis points reduction in the interest rate to LIBOR plus 2.75% from LIBOR plus 3.25% and removal of the 1% LIBOR floor. The Amended Term Loan Facility will result in an $11.0 million reduction of interest expense per year for 5.5 years. The maturity date of July 2022 for the Amended Term Loan Facility remains unchanged. There was no material change to Univar’s total or secured leverage as a result of the borrowings under the New Term Loan Facilities. The terms of the euro Term B Loan facility remain unchanged. The total volume of 483954 shares held in the session was surprisingly higher than its average volume of 824.61 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 194.30%, and looking further price to next year’s EPS is 36.83%. While take a short look on price to sales ratio, that was 0.48.

Several matter pinch shares of NRG Energy, Inc. (NYSE:NRG) [Trend Analysis], as shares moving up 3.53% to $16.11 with a share volume of 8.39 Million. NRG Energy Inc. (NRG) reported that it will reprice its $1.9 billion Term Loan B due June 2023. The transaction is leverage neutral and enhances free cash flow before growth via annual cash interest savings.

The transaction will reduce the interest rate margin on the term loan by 50 basis points to LIBOR +225 basis points. The LIBOR floor remains at 0.75%.As a result, the Company expects interest savings over the remaining life of the loan to total approximately $60 million. Expected interest savings in 2017 are estimated to be approximately $9 million. The stock is going forward its 52-week low with 84.58% and moving down from its 52-week high price with -11.62%. To have technical analysis views, liquidity ratio of a company was calculated 1.60 as evaluated with its debt to equity ratio of 6.32. The float short ratio was 4.91%, as compared to sentiment indicator; Short Ratio was 2.23.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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