Industrias Bachoco Unveils New Bond Issuance

Industrias Bachoco Unveils New Bond Issuance

Industrias Bachoco, S.A. de C.V, a producer and processor of poultry and other food products in Mexico, said Friday that it has successfully issued bonds for MXN1,500,000,000 through the public issuance of local bonds in the local debt capital markets for a tenor of 5 years, maturing in 2022. This is Bachoco’s second issuance and it was distributed among a wide range of local investors. The bonds issued by Bachoco […]

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Lear Prices Unsecured Notes

Lear Prices Unsecured Notes

Lear a supplier of automotive seating and electrical systems, said late Monday it has priced a public offering of $750 million of 3.80% senior unsecured notes due 2027.The offering is expected to close on Aug. 17. Lear said it expects the net proceeds of $738.5 million. It intends to use proceeds in part to redeem $500 million of 4.75% senior notes due 2023. The remaining net proceeds will be used […]

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Semgroup Q2 Results Beat Analyst Estimates

Semgroup Q2 Results Beat Analyst Estimates

Semgroup reported early Monday Q2 earnings of $0.15 per diluted share compared with income of $0.19 per share a year ago, beating the $0.12 average EPS estimate from analysts polled by Capital IQ. Total revenue surged to $473.1 million from $287.4 million a year ago, coming in above the $387.5-million consensus. SemGroup said in a statement it is updating its 2017 capital expenditure guidance to $575 million, which now includes […]

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