|Bid||39.16 x 800|
|Ask||39.14 x 1000|
|Day's Range||38.70 - 39.31|
|52 Week Range||29.82 - 46.55|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||35.85|
|Forward Dividend & Yield||0.25 (0.65%)|
|1y Target Est||N/A|
Note: On June 18, 2019, the press release was corrected as follows: The publication type was changed to Announcement and the last two disclosures were changed to the following: This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. Revised release follows. New York, June 17, 2019 -- Moody's Investors Service ("Moody's") noted that Brookfield WEC Holdings Inc. (B2 stable) pursuit of a $325 million add-on to its existing first lien term loan (rated B2) is credit neutral.
Moody's Investors Service ("Moody's") said that Teekay Corporation's (Teekay or Parent, B3 stable) plan to sell its remaining minority interests in Teekay Offshore Partners L.P. (TOO, B3 stable), one of its two master limited partnership (MLP) subsidiaries, for $100 million to Brookfield Business Partners LP is credit positive. Despite this credit profile enhancement, Teekay's ratings remain unchanged at this time, including the B2 rating on the new secured bond and B3 Corporate Family Rating.
In the company's second quarter earnings call Wednesday, Brian Stief, Johnson Controls' executive vice president and chief financial officer, said the net proceeds from the deal reached $11.6 billion, $200 million more than the company initially estimated.
The rebranded company will work hard to market itself as Clarios, referring to its former name and parent company for just a short time following Tuesday's sale closure.
Moody's Investors Service, ("Moody's") assigned a B2 rating to Teekay Corporation's ("Teekay" or "Parent") proposed senior secured notes due in 2024. Concurrently, Moody's affirmed Teekay's B3 Corporate Family Rating ("CFR") and SGL-3 Speculative Grade Liquidity rating, denoting adequate liquidity.
Moody's Investors Service ("Moody's") assigned ratings to BIFM CA Buyer Inc. ("BIFM"), consisting of a B3 corporate family rating (CFR), B3-PD probability of default rating, and B1 ratings to its proposed senior secured revolving credit facility and senior secured first lien term loan, with BIFM US Finance LLC as a co-borrower. BIFM is a newly formed acquisition vehicle by CCMP Capital Advisors LP (CCMP), a private equity firm, to acquire BGIS Group ("BGIS") from Brookfield Business Partners for about C$1.4 billion.
Moody's Investors Service ("Moody's") assigned initial ratings to Panther BF Aggregator 2 LP ("Power Solutions") - Corporate Family and Probability of Default Ratings at B1 and B1-PD, respectively, and Ba3 senior secured rating and a B3 senior unsecured rating. The rating outlook is stable.
Publicly traded REIT has signaled its plans to sell 824,000-square-foot headquarters campus in Cranberry Woods as Westinghouse now operates under new ownership.
Moody's Investors Service (Moody's) has today affirmed the B2 corporate family rating (CFR) and the B2-PD probability of default rating (PDR) to the Dutch returnable transit plastic packaging manufacturer Schoeller Allibert Group B.V. ("Schoeller Allibert" or the "company"). Concurrently, Moody's has affirmed the B2 rating to the outstanding E209.8 million senior secured notes due 2021 issued by Schoeller Allibert. The outlook on all ratings has been revised to negative from stable.
In an interview Tuesday afternoon, Johnson Controls chairman and CEO George Oliver said he expects Power Solutions to remain based in the current facility in Glendale both before and after the $13.2 billion sale closes.
Johnson Controls employs 2,600 people in the Milwaukee area, including 500 Power Solutions employees at the Glendale headquarters. Power Solutions is expected to remain based in Glendale following Tuesday's sale news, according to a company spokesman.