US Foods Holding Corp. (USFD) ended last trading session with a change of 0.15 percent. It trades at an average volume of 1.14M shares versus 2.19M shares recorded at the end of last trading session. The share price of $27.2 is at a distance of 22.58 percent from its 52-week low and down -2.37 percent versus its peak. The company has a market cap of $6B and currently has 220.61M shares outstanding. The share price is currently 1.86 percent versus its SMA20, 6.13 percent versus its SMA50, and 11.2 percent versus its SMA200. The stock has a weekly performance of 4.86 percent and is -1.02 percent year-to-date as of the recent close.
On January 26, 2017 US Foods Holding Corp. (USFD) announced the pricing of a secondary public offering of 36,000,000 shares of common stock by investment funds associated with Clayton, Dubilier & Rice, LLC and Kohlberg Kravis Roberts & Co. L.P. (the “Selling Stockholders”) at a price to the public of $26.00 per share for a total offering size of $936,000,000. In connection with the offering, the Selling Stockholders have granted the underwriters a 30-day option to purchase from the Selling Stockholders up to an additional 5,400,000 shares of common stock, which if exercised in full would result in a total offering size of $1,076,400,000. The offering is expected to close on January 31, 2017, subject to customary closing conditions. US Foods is not selling any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Stockholders.
The Greenbrier Companies, Inc. (GBX) recently recorded -3.53 percent change and currently at $43.75 is 102.46 percent away from its 52-week low and down -11.21 percent versus its peak. It has a past 5-day performance of -5.91 percent and trades at an average volume of 589.47K shares. The stock has a 1-month performance of 4.27 percent and is 5.78 percent year-to-date as of the recent close. There were about 28.37M shares outstanding which made its market cap $1.24B. The share price is currently -4.98 percent versus its SMA20, 2.97 percent versus its SMA50, and 28.7 percent versus its SMA200.
On Jan. 30, 2017 The Greenbrier Companies, Inc. (GBX) announced that it intends to offer, subject to market and other conditions, $175 million aggregate principal amount of Senior Convertible Notes due 2024 (the “Notes”). Greenbrier intends to grant the initial purchasers a 30-day option to purchase up to an additional $26.25 million aggregate principal amount of the Notes on the same terms and conditions.
The interest rate, conversion rate and other terms of the Notes will be determined at the time of pricing of the offering. Upon conversion, the Notes may be settled, at Greenbrier’s election, in shares of Greenbrier’s common stock, cash or a combination of cash and shares. Interest on the Notes is expected to be payable semiannually in arrears. The Notes will be Greenbrier’s senior unsecured obligations and will rank equally with all of its existing and future senior unsecured debt and senior to all of its existing and future subordinated debt.