Santander Consumer USA Holdings CEO Resigns

Santander Consumer USA Holdings CEO Resigns

Santander Consumer USA Holdings said its CEO Jason Kulas has resigned, effective Aug. 27. Scott Powell will succeed Jason Kulas as CEO, effective immediately. Powell is CEO of Santander Holdings USA and Santander Group’s United States country head. He will continue to serve in those roles. Kulas resigned to pursue other opportunities, the company said. Powell has served as CEO of Santander Holdings USA since 2015. Prior to joining Santander, […]

Read More ˃
Shutterfly Raises $500 Million in New Debt Facilities

Shutterfly Raises $500 Million in New Debt Facilities

Shutterfly, a retailer of personalized products, said late Thursday that it has secured a $300 million senior secured delayed draw term loan B which was issued at a 50-basis-point discount to par value and will bear interest at Libor plus 250 basis points. The term loan has a maturity of seven years and delayed draw period of up to six months. Concurrently, the company raised a new $200 million senior […]

Read More ˃
RCI Hospitality Shares Jump

RCI Hospitality Shares Jump

Shares of RCI Hospitality Holdings rose to their highest level since early 2008 on Tuesday after the company reported late Wednesday fiscal Q3 results which improved year-over-year and beat the average of two analysts polled by Capital IQ. Adjusted earnings for the quarter ended June 30 was $0.47 per share, up from $0.34 per share a year earlier and above the $0.39 per share average forecast. Revenues rose 10.2% year-over-year […]

Read More ˃
Spirit Aerosystems Posts Q2 Beat

Spirit Aerosystems Posts Q2 Beat

Spirit Aerosystems Holdings shares were up 10%, on track to hit a new record high in regular trade, after the company reported early Wednesday financial results for Q2, with better-than-expected earnings and revenue; it also provided guidance for fiscal 2017 in line to above Street estimates. For the quarter ended June 29, the aircraft parts designer and manufacturer of commercial aero-structures posted adjusted earnings of $1.57 per share, compared with […]

Read More ˃
Lockheed Martin Awarded Contract

Lockheed Martin Awarded Contract

Aerospace and defense company Lockheed Martin has received an $86.5 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. The contract is the first production award for the air-launched variant of LRASM, and includes 23 missiles and engineering support. “This first production lot of LRASM brings a new level of capability to both the U.S. Air Force and the Navy,” said Mike Fleming, […]

Read More ˃