Sonic Corp (SONC) Tops Q2 EPS by 2c, Raises FY16 Outlook
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UBS Raises Price Target on Sonic Corp (SONC) Following Solid 2Q Results
March 30, 2016 8:25 AM EDTUBS reiterated a Neutral rating on Sonic Corp (NASDAQ: SONC), and raised the price target to $33.00 (from $28.00), following the company's 2Q earnings report. Meaningfully better than anticipated sss of +6.5%/+6.3% franchise/company were driven by almost as much traffic growth as check and represented a >400 bps... More
Sonic Corp (SONC) Announces ~$575M of New Financing Arrangements, Offerings
March 29, 2016 4:24 PM EDTSonic Corp. (NASDAQ: SONC) announced that certain of its subsidiaries intend to complete a financing transaction, which will include prepaying the 2011-1 Senior Secured Fixed Rate Notes (2011 Notes) with proceeds from the sale of a new series of securitized debt, as well as refinancing the 2011-1 Variable Funding Senior Secured Notes, Class A-1 (the 2011 VFN).
The last refinancing... More