Equinix, Inc. (Nasdaq:EQIX) announced that it has entered into a $150 million unsecured revolving credit facility. The revolver, which has a five-year maturity to September 2016, allows for borrowing, repayments and re-borrowing over the entire five-year term and provides a sublimit within the revolver for the issuance of letters of credit of up to $100 million and swing line borrowings of up to $25 million. Borrowings under the revolver carry an interest rate of US$ LIBOR plus an applicable margin ranging from 1.25% to 1.75% p.a., which varies as a function of the Company’s senior leverage ratio.
Equinix, Inc. provides network neutral data center services to enterprises, content providers, financial services companies, and network service providers.
Green Mountain Coffee Roasters Inc. (Nasdaq:GMCR) announced it has completed the sale of all outstanding shares of Van Houtte USA Holdings, Inc., also known as the Van Houtte U.S. Coffee Service business or “Filterfresh” business to ARAMARK Refreshment Services, LLC (ARAMARK) for an aggregate cash purchase price of approximately $145 million, subject to adjustment.
Green Mountain Coffee Roasters, Inc. engages in the specialty coffee and coffee maker business.
Perrigo Co (Nasdaq:PRGO) announced that it received tentative approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Clobetasol Propionate Emulsion Foam, 0.05%. Perrigo believes it is first-to-file on this product.
Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide.
Cleantech Transit, Inc. (CLNO)
Biomass energy, or bioenergy, an area in which many forest products companies already have operating experience, represents that attractive middle ground. Accenture believes that becoming a scaled biomass power producer presents an attractive option to forest products companies and offers the opportunity to develop a new line of business that leverages existing skill sets and infrastructure.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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