Owens Corning to Sell Senior Notes in Public Offering

Owens Corning to Sell Senior Notes in Public Offering

Owens Corning said pre-market Wednesday that it is offering to sell a new series of its unsecured senior notes in an underwritten public offering under its effective shelf registration statement. Owens Corning will use a portion of the net proceeds of the senior notes offering to fund a portion of the purchase price of its acquisition of Pittsburgh Corning Corporation and Pittsburgh Corning Europe NV, which it will close by […]

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Becton, Dickinson and Company Collaborates with FlowJo

Becton, Dickinson and Company Collaborates with FlowJo

Medical technology company Becton, Dickinson and Company (BDX) and FlowJo, LLC, a life science informatics and data analysis company, said Tuesday that they have entered into a strategic relationship to catalyze the coordination of resources, people and data for the research market. Under the agreement, the companies will offer the cloud-based platform, FlowJo Envoy, with BD FACSymphony, a cell analyzer enabling the simultaneous measurement of up to 50 different characteristics […]

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Summit Hotel Properties To Buy Five Hotels From Xenia

Summit Hotel Properties To Buy Five Hotels From Xenia

Summit Hotel Properties (INN) said Monday it plans to buy an 812-guestroom, five-hotel portfolio from hotelier Xenia (XHR) for $163 million, or $201,000 per key. The sale is expected to be completed within 30 days. Summit, a hotel REIT, said the total purchase price represents an 11.1x multiple on the portfolio’s combined trailing 12-month EBITDA. The portfolio achieved revenue per available room, per day of $115.52 during the same period. […]

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Fortis Commences Offer

Fortis Commences Offer

Fortis said Thursday it has commenced an offer to exchange $2.0 billion aggregate principal amount of its new senior unsecured notes registered under the U.S. Securities Act of 1933, as amended, for a like principal amount of its outstanding unregistered senior unsecured notes. The old notes include $500 million principal amount of 2.100% notes due 2021 and $1.5 billion principal amount of 3.055% notes due 2026 issued by Fortis in […]

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Jones Lang LaSalle Wins Contract

Jones Lang LaSalle Wins Contract

Jones Lang LaSalle, a financial and professional services company specializing in real estate, said Friday that it has entered into a new contract with the State of Tennessee to manage state-owned properties, including public colleges and universities. Under the award, the company will be the prime service provider of outsource facilities management services for the state and other state-owned enterprises. Financial terms of the contract weren’t disclosed. Shares were little […]

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