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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