Wyndham Worldwide Corporation (NYSE: WYN) announced today the closing of a new $1.5 billion revolving credit facility to replace its existing $1 billion facility, which had been scheduled to mature in July 2016. The maturity date of the new facility is July 2018. Simultaneously, the company upsized its existing commercial paper program by $250 million to $750 million. There is no change to the company's overall corporate debt balance as a result of this transaction.
Telecom Italia S.p.A. (NYSE: TI) said to value fixed-line assets at about $18 billion.
Swiss franc weakens through 1.26 per euro for first time in 2 years.
J.C. Penney (NYSE: JCP) to Reduce Rate on $2.25B Term Loan - Bloomberg
Shares of OSI Systems (Nasdaq: OSIS) declined on Tuesday, extending losses that began Monday when the company was issued a Notice of Debarment from the Department of Homeland Security. The decline comes despite reassurances by analysts that OSI Systems will eventually reach administrative agreement vs debarment. The issue involves Rapiscan Advanced Imaging Technology system and associated Automated Target Recognition software.
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