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Moody's Investors Service, Inc. (Moody's) assigned A2 ratings to the $1.5 billion of The Boeing Company's new senior unsecured notes announced earlier today. The Boeing Company (Boeing) will use the proceeds for general corporate purposes, which we believe could include terming out commercial paper borrowings, which were higher at the end of 2018 than 2017, partly because of the acquisition of KLX Inc. in October 2018 and for refinancing upcoming maturities. The A2 senior unsecured rating reflects Boeing's position as one of two manufacturers of large commercial airplanes and a prime US defense contractor.
Mario Gabelli (Trades, Portfolio), t he founder of Gabelli Asset Management, sold shares of the following stocks during the third quarter. Warning! GuruFocus has detected 6 Warning Sign with EL. The guru's KLX Inc. (KLXI) holding was closed.
Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. KLX Inc. is a leading distributor of aerospace fasteners and other consumables and a leading provider of logistic services to the airline and aerospace industries.
After several tireless days we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this […]
Boeing Co is looking for future deals "small or big" now that it has absorbed parts distributor KLX Inc, an executive told Reuters, as the world's largest planemaker tries to beat out rival Airbus in the highly profitable market for aircraft parts and services. Boeing last month closed the KLX acquisition for $4.25 billion, including about $1 billion of net debt, its largest deal since merging with McDonnell Douglas in 1997. Now it expects further purchases to help it triple the revenue of its year-old Global Services division to $50 billion in a decade, the unit's chief executive Stan Deal told Reuters in an interview.
Moody's Investors Service (Moody's) assigned first-time ratings to KLX Energy Services Holdings, Inc. (KLXE), including a B3 Corporate Family Rating (CFR), a B3-PD Probability of Default Rating (PDR) and a B3 rating to its proposed $250 million of senior secured notes due 2025. Moody's also assigned KLXE a Speculative Grade Liquidity (SGL) rating of SGL-1.
With the acquisition of KLX, Boeing (BA) is poised to benefit as it became more competitive to win in the $2.8 trillion, 10-year aerospace service market.
Boeing completed its purchase of the South Florida-based company after announcing its planned acquisition in early 2018.
Boeing has acquired aircraft parts and services provider KLX Inc, a move that furthers Boeing's goal of significantly boosting its aftermarket presence.
NEW YORK , Sept. 7, 2018 /PRNewswire/ -- Weight Watchers International Inc. (NYSE: WTW) will replace KLX Inc. (NASD: KLXI) in the S&P MidCap 400, and KLX Energy Services Holdings Inc. (NASD: KLXE) will ...
On a per-share basis, the Wellington, Florida-based company said it had profit of 68 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.31 per share. The aerospace products ...
Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders of KLX, Inc. (“KLX”) (KLXI) common stock in connection with the proposed acquisition of KLX by The Boeing Company and its affiliate (“Boeing”) announced on May 1, 2018 (the “Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against KLX and its Board of Directors (the “Board”), is captioned The Vladimir Gusinsky Rev. Trust v. KLX, Inc., Case No. 1:18-cv-01000 (D. Del.).
NEW YORK , July 30, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
Stock Research Monitor: KLXI, COL, and SPR LONDON, UK / ACCESSWIRE / July 30, 2018/ If you want a free Stock Review on UTX sign up now at www.wallstequities.com/registration . WallStEquities.com presents ...