Equity One, Inc., an owner, developer, and operator of shopping centers, announced today that it has closed a $227 million unsecured revolving credit facility with Wells Fargo Bank serving as Administrative Agent and Sole Lead Arranger. The new facility has a three-year term with a one-year extension option. In addition, the facility includes an accordion feature under which it can be expanded to $400 million. Borrowings under the facility are priced...
The CFO Advisory Group, Inc. is currently offering a Main Street Bailout package for the common taxpayer. Since the inception of the Federal Reserve Act of 1913, the country’s financial system has been heading toward today’s debt and credit crash by design. Our current monetary system’s never ending need for inescapable indebtedness has reached the end of its exponential curve. We as a society simply cannot produce or trade the required...
Lighting Science Group, a global developer and integrator of intelligent and efficient light-emitting diode (LED) solutions, announced today that it has installed several integrated LED systems to create an interactive, dynamic lighting experience for the newly opened Club Devo in Goes, Netherlands. Using close to 100 percent LED technology for its lighting needs, Club Devo is the first nightclub in Europe believed to implement LED lighting systems...
Omega Healthcare Investors, Inc. announced an underwritten public offering of 6,000,000 shares of its common stock. The last reported sale of Omega’s common stock on the New York Stock Exchange on September 15, 2008 was $17.23. Omega expects to use the proceeds to repay indebtedness outstanding under its senior credit facility, for working capital and general corporate purposes. Completion of the offering is subject to customary closing conditions....
Ashford Hospitality Trust, Inc. announced that the Board of Directors has authorized an additional $75 million of the Company’s common stock that may be purchased under its share repurchase program. The Company had recently completed substantially all of the repurchase of the $50 million previously allocated under its existing share repurchase program. Repurchases under the share repurchase program will be exercised from time to time, subject to...
Zaio Corporation, a technology and database company, has finalized the acquisition terms with Kirchmeyer and Associates and Realinfo for the purchase price adjustment and payment terms. The two privately held companies were acquired by Zaio in July of 2007. The acquisition added 400 lender customer relations and 6,400 appraiser relationships, generating substantial revenue streams. Under the terms of the deal, Zaio paid out US$3.4 million in cash...
Riding on a horizontal double-rail system, Makita’s 10-inch dual sliding compound miter saw is one smooth operator. Both rails are self-cleaning and slide on linear ball bearings. The horizontal rail design also seems to give this saw some extra stability, a feature we appreciate, especially in a saw that bevels to 45 degrees both ways. Makita’s saw has a vertical grip design with a thumb-activated safety switch and a paddle trigger,...