What Is In a Name: SPDR S&P Homebuilders ETF Thursday, October 28, 7:58 AM ET, by Market News Video Staff The SPDR S&P Homebuilders ETF (XHB) seeks to closely match the returns and characteristics of ...
Williams-Sonoma Upgraded at ThinkEquity Wednesday, November 10, 12:50 PM ET, by Market News Video Staff Kitchen and home retailer Williams-Sonoma (WSM) was upgraded today by ThinkEquity, from hold to buy. ...
AWI Closes Facility, Declares Special Dividend Wednesday, November 24, 1:02 PM ET, by Market News Video Staff Armstrong World Industries (AWI) said today it closed on a $1.05 billion senior secured credit ...
By Market News Video Staff, Wednesday, November 24, 1:02 PM ET
Armstrong World Industries (NYSE:AWI) said today it closed on a $1.05 billion senior secured credit facility, and declared a $13.74 per share special cash dividend.
The new credit facilities consists of a $250 million revolver, a $250 million term loan A, and a $550 million term loan B.
The special cash dividend will be pain December 10 to shareholders of record as of December 3.
The maker of windows and doors said the transactions complete its previously announced leveraged recapitalization plan.
Shares are trading up 2.75% Wednesday.
At 4.67% of the fund, Armstrong is a top five holdings of the SPDR S&P Homebuilders ETF (AMEX:XHB).
Other top stocks in the fund include Tempur Pedic (NYSE:TPX) , at 4.87% of the portfolio, Aarons (NYSE:AAN), at 4.83%, Pier 1 Imports (NYSE:PIR), 4.82% of the fund, and Williams-Sonoma (WSM), 4.51%.
This Article's Word Cloud:AMEXAaronsArmstrongDecemberHomebuildersImportsIndustriesNYSEPedicPierSPDRSharesSonomaTempurWednesdayWilliamsWorldannouncedbillioncashclosedconsistscreditdeclareddividendfacilitiesfivefundholdingsincludeleveragedloanmakermillionpainplanpreviouslyrecapitalizationrecordrevolversaidsecuredseniorspecialstockstermtodaytradingwillwindows
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