The armored car giant announced the pricing of its 10-year senior unsecured notes in an aggregate principal amount of $600 million – $100 million higher than previously announced. The notes will be issued at par, mature on Oct. 15, 2027 and bear an annual interest rate of 4.625 percent.
The used car retailer reported its second quarter earnings. Revenues totaled $4.38 billion, up from $3.99 billion the same quarter the year before. Profits totaled $181.4 million, up from $162.3 million last year. Year-to-date revenues totaled $8.92 billion, up $8.12 billion from the first half of 2016. Year-to-date profits totaled $393.1 million, up from $337.7 million last year.
Director Edgar Grubb exercised options for 11,388 shares of common stock, selling them at $76.36 per share for a total of $869,587.
Senior VP Mohammad Shamim sold 1,300 shares of common stock at $76.10 per share for a total of $98,930.
Executive Chairman Alan Kirshner sold 100 shares of common stock at $1,077 per share for a total of $107,700.
Union Bankshares (UBSH)
The parent of Union Bank & Trust announced that it will release its third quarter 2017 financial results before the market opens on Wednesday, Oct. 18, followed by an analyst conference call at 9 a.m.
Director John Luke Jr. exercised options for 10,343 shares of common stock, selling them at $57.86 per share for a total of $598,445.