NEW YORK -- Revlon, Inc. (NYSE: REV) today provided further details regarding its previously-announced equity issuance and reiterated its commitment to use the proceeds of $110 million of the equity issuance to reduce debt. Revlon intends to conduct, by the end of March 2006, a $110 million rights offering that...
Research Recap submits: Issuance of asset-backed securities [ABS] in the U.S. was hit hard by the crisis in housing and credit in the first half of 2008, totaling just $104 billion, compared with $318 billion in the first half of 2007, according to Moody’s. The 67-percent drop...
This paper documents that net equity issuance is considerably more sensitive to aggregate stock returns and Q's than to firm-level stock returns and Q's. Very similar patterns also emerge when it is looked at merger activity. In light of earlier work which finds that aggregate stock returns are less informative...
NEW YORK -- Revlon, Inc. (NYSE: REV) announced today that it intends to launch, in December 2006, a $100 million rights offering that would allow stockholders to purchase additional shares of Revlon Class A common stock. Revlon plans to use the proceeds of such equity issuance to reduce debt.
Moody's Investors Service commented today on the announcement by the Canadian Imperial Bank of Commerce CIBC that it will issue between C$2.75 and C$2.94 billion in common equity. CIBC is rated B- for bank financial strength, Aa2 for long-term depo Moody's Investors Service commented today on...
KANSAS CITY, Mo. -- Great Plains Energy Incorporated (NYSE:GXP) today announced full year 2006 reported earnings per share were $1.61, which reflect $0.08 per share of dilution from the May 2006 equity issuance, compared to $2.15 in 2005. Reported earnings in 2006 were $126.0 million compared to 2005 earnings of...
NEW YORK -- Revlon, Inc. (NYSE: REV) today announced that its wholly-owned operating subsidiary, Revlon Consumer Products Corporation ("RCPC"), is seeking an amendment to its bank credit agreement, dated July 9, 2004 (as previously amended, the "Credit Agreement"), that would increase the existing $700 million term loan facility under the...
This book presents 46 case studies in finance, targeted toward upper-level undergraduates and introductory and intermediate-level MBA students. The purpose of these cases is to afford the basis for classroom discussion of tools and concepts. The range of topics includes value creation, market efficiency, economic profit, financial analysis and forecasting,...
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