RCS Capital and its Lenders Agree to Covenant Modifications
FREE Breaking News Alerts from StreetInsider.com!
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Needham Starts NeoVolta (NEOV) at Buy
- Rockstar Games opens GTA VI pre-orders, priced at $79.99
- Hertz cuts guidance, announces notes and stock offerings, shares sink
- Rubio meets Gulf leaders, pledges security amid Iran deal doubts
RCS Capital (RCAP) Resumes Trading; Shares Now Up ~25%
June 30, 2015 2:33 PM EDTRCS Capital (NYSE: RCAP) is continues to rip higher as it resumes trading following a volatility pause. Shares are now up 25 percent on the session.
Earlier, the company announced entering amended covenants with first- and second-lien lenders. For more color, click here.
... MoreRCS Capital (RCAP) Amends Covenants with First-, Second-Lien Lenders
June 30, 2015 2:20 PM EDTRCS Capital (NYSE: RCAP) announced that it has agreed with its first and second lien lenders under its existing credit facilities to certain leverage ratio covenant amendments in addition to other modifications.
Michael Weil, Chief Executive Officer of RCS Capital, commented, "We... More
