2020-12-03 16:49:20 TUP Tupperware Brands
12/03/20 12/0316:49 12/03/2016:49 | Tupperware moves up after note refinancing, going concern issue 'solved'Shares of Tupperware Brands added another 1.5% in after-hours trading on top of Thursday's almost 9% move to the upside, after announcing the the completion of the previously-announced refinancing of its Senior Notes maturing in June 2021. Shares closed Thursday's regular session almost 9% higher finishing at $36.95 per share. As part of the refinancing transactions, Tupperware entered into two new term loan facilities in an aggregate principal amount of $275M. Tupperware used the proceeds from the new term loan facilities and cash on hand to redeem all of its outstanding Senior Notes in the aggregate principal amount of $380.2M and to pay related fees and expenses. Following these refinancing transactions, Tupperware does not have any debt maturing until the fourth quarter of 2023. "We are pleased today to announce that we have completed the execution of our $275M term loan facilities, which combined with our improvement in operating cash flow, allows us to retire all Senior Notes due June 2021," said Sandra Harris, Chief Financial Officer and Chief Operating Officer of Tupperware Brands. "This refinancing has been a priority for our company and with its completion, we believe we have solved for any going concern issues. "We now look forward to fully accelerating the growth initiatives in our Turnaround Plan including investing in new product categories, maximizing the use of digital tools and expanding access and distribution for our environmentally friendly, reusable products." |
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Earnings
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Alexander & Baldwin raises 2024 adjusted FFO view to 89c-$1.00 from 80c-90c »
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ALEX
Alexander & Baldwin
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Earnings
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Alexander & Baldwin raises 2024 adjusted FFO view to 89c-$1.00 from 80c-90c »
16:16
04/25/24
04/25
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04/25/2416:16
ALEX
Alexander & Baldwin
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Initiation
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Napco Security initiated with bullish view at DA Davidson, here's why »
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NSSC
Napco Security
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Earnings
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Rogers Corporation sees FY24 CapEx $60M-$70M
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ROG
Rogers Corporation
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Earnings
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KLA Corp. sees Q4 adjusted EPS $6.07 +/- 60c, consensus $5.68 »
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04/25/24
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KLAC
KLA Corp.
Sees Q4 revenue $2.5B,… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Earnings
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Rogers Corporation sees Q2 adjusted EPS 50c-70c, two estimates 70c »
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ROG
Rogers Corporation
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Hot Stocks
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Carlisle sees FY24 revenue up 10%, consensus $4.89B »
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CSL
Carlisle
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Earnings
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Carlisle reports Q1 EPS $3.72, consensus $2.82 »
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04/25/24
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CSL
Carlisle
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Rogers Corporation reports Q1 EPS 42c, two estimates 55c »
16:15
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ROG
Rogers Corporation
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Earnings
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Alexander & Baldwin reports Q1 adjusted FFO 35c, consensus 25c »
16:15
04/25/24
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ALEX
Alexander & Baldwin
Sees Q1 revenue $61.20M,… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
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KLA Corp. reports Q3 adjusted EPS $5.26, consensus $5.01 »
16:15
04/25/24
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KLAC
KLA Corp.
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Earnings
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Universal Insurance reports Q1 adjusted EPS $1.07 vs 79c last year »
16:14
04/25/24
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UVE
Universal Insurance
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Earnings
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Hub Group reports Q1 EPS 44c, consensus 39c »
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04/25/24
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HUBG
Hub Group
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Earnings
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L3Harris raises FY24 adjusted EPS view to $12.70-$13.05 from $12.40-$12.80 »
16:14
04/25/24
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LHX
L3Harris Technologies
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Earnings
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Ameris Bancorp reports Q1 adjusted EPS $1.10, consensus $1.04 »
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ABCB
Ameris Bancorp
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Earnings
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NerdWallet reports Q1 EPS 1c, consensus 1c »
16:14
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NRDS
NerdWallet
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Earnings
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ResMed reports Q3 adjusted EPS $2.13, consensus $1.91 »
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RMD
ResMed
Reports Q3 revenue $1.2B,… Available to The Fly Members Only Breaking content available to members only. Sign up or login for access. Create FREE Account |
Earnings
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Cincinnati Financial reports Q1 non-GAAP EPS $1.72, consensus $1.69 »
16:13
04/25/24
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CINF
Cincinnati Financial
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Earnings
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Teladoc sees FY24 EPS ($1.10)-(80c), consensus ($1.04) »
16:13
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TDOC
Teladoc
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Earnings
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Snap sees Q2 revenue $1.225B-$1.255B, consensus $1.14B »
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SNAP
Snap
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Earnings
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Kinsale Capital reports Q1 operating EPS $3.50, consensus $3.34 »
16:13
04/25/24
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KNSL
Kinsale Capital
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Roku sees Q2 revenue $935M, consensus $931.4M »
16:12
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ROKU
Roku
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Earnings
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L3Harris Technologies reports Q1 adjusted EPS $3.06, consensus $2.90 »
16:12
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LHX
L3Harris Technologies
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Earnings
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SS&C sees FY24 adjusted EPS $4.93-$5.17, consensus $5.08 »
16:12
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SSNC
SS&C
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Earnings
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Snap reports Q1 EPS 3c, consensus (4c) »
16:12
04/25/24
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SNAP
Snap
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