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Billionaire investor Bill Ackman’s Pershing Square Capital Management has taken a stake in Domino’s Pizza Inc, the pizza chain said on Wednesday.
Ackman, whose bets on companies are closely watched, told the Wall Street Journal in an interview https://www.wsj.com/articles/bill-ackman-ceos-and-artists-headline-wsjs-future-of-everything-festival-11620811806?mod=breakingnews earlier that he had swapped his shares in Starbucks Corp for a little under 6% stake in Domino’s.
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“It’s (Domino’s) a very compelling story and big international growth opportunity … and there’s plenty of room to run both here and abroad,” Ackman said during the Journal’s Future of Everything Festival event.
By Syndicated Content
May 10, 2021 | 2:10 PM
(Reuters) – Revlon Inc said it had replaced Citigroup Inc as its collateral and administrative agent on a revolving loan facility, months after the bank mistakenly sent $894 million of its own money to repay the cosmetic maker’s lenders.
Revlon on Monday replaced Citi with MidCap Financial, as part of an amendment to a 2016 loan agreement that extends its maturity nearly a year to May 7, 2024. This facility is different from the one that Citi repaid.
Citi assisted with the amendment to the loan facility and earned a fee for its work.
Administrative agents offer housekeeping services between borrowers and lenders, including sending interest payments and facilitating borrowings.
Revlon says it has replaced Citi as agent on revolver loan
05/10/2021 19:10
(Reuters) - Revlon Inc said it had replaced Citigroup Inc as its collateral and administrative agent on a revolving loan facility, months after the bank mistakenly sent $894 million of its own money to repay the cosmetic maker s lenders.
Revlon on Monday replaced Citi with MidCap Financial, as part of an amendment to a 2016 loan agreement that extends its maturity nearly a year to May 7, 2024. This facility is different from the one that Citi repaid.
Citi assisted with the amendment to the loan facility and earned a fee for its work.
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