Leadership Appointments, Dividend Authorizations, New Revolving Credit Facility, and Recognitions - Analyst Notes on eBay, PetSmart, Outerwall, Office Depot and Rent-A-Center
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NEW YORK, June 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding eBay Inc. (NASDAQ: EBAY), PetSmart, Inc. (NASDAQ: PETM), Outerwall Inc. (NASDAQ: OUTR), Office Depot, Inc. (NYSE: ODP) and Rent-A-Center Inc. (NASDAQ: RCII). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4190-100free.
eBay Inc. Analyst Notes
On June 24, 2014, eBay Inc. (eBay) announced that it has appointed Craig Hayman as President of its eBay Enterprise Business. President and CEO John Donahoe commented, "We are fortunate to have Craig join our leadership team and lead our Enterprise business unit," Donahoe said. "Technology continues to have a significant impact on the overall commerce landscape. Craig's experience will enhance our ability to serve retailers and brands in this online to offline world." Mr. Hayman has over 30 years of experience in enterprise technology leadership. The full analyst notes on eBay are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/EBAY/report.pdf
PetSmart, Inc. Analyst Notes
On June 19, 2014, PetSmart, Inc. (PetSmart) announced that its Board of Directors has authorized and declared a quarterly common stock cash dividend in the amount of $0.195 per share. The dividend is payable on August 15, 2014 to stockholders of record at the close of the business on August 1, 2014. The full analyst notes on PetSmart are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/PETM/report.pdf
Outerwall Inc. Analyst Notes
On June 24, 2014, Outerwall Inc. (Outerwall) announced that it has entered into a new credit facility arrangement with a senior secured $600 million revolving line of credit that may be increased up to an additional $200 million in aggregate, and a senior secured $150 million amortizing term loan. The credit facility has an extended maturity date of June 24, 2019. "As part of our capital structure strategy, we were able to lock in historically low interest rates and extend the maturity of our debt by issuing high-yield notes earlier this month and amending and extending our credit facility today," said Galen C. Smith, Outerwall's CFO. "Our capital structure is now better aligned with our targeted net leverage ratio of 1.75x to 2.25x net debt-to-core adjusted EBITDA. In addition, we continue to have financial flexibility for future opportunities." Outerwall expects to use the new credit facility for working capital, capital expenditures, permitted acquisitions, stock repurchases and other payments, and other corporate purposes. The full analyst notes on Outerwall are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/OUTR/report.pdf
Office Depot, Inc. Analyst Notes
On June 24, 2014, Office Depot, Inc. (Office Depot) announced that the Company has been recognized one of WE (Women's Enterprise) USA Magazine's "2014 100 Corporations of the Year." The Company also announced that Shari Francis, HUB (Historically Underutilized Business) Merchandising Manager for Office Depot, has been named one of "America's Top 100 Leaders in Corporate Supplier Diversity" by WE USA, and a "2014 Top 25 Women in Power Impacting Diversity" by DiversityPlus Magazine. "We congratulate Shari on receiving this honor," said Linda Boykin, Vice President of Merchandising for Office Depot. "She is a true advocate for supply chain diversity at Office Depot and is committed to making personal connections with diverse business owners. With Shari's guidance, many historically underutilized businesses have been added to our supply chain, reaching customers they otherwise would not have been able to." The full analyst notes on Office Depot are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/ODP/report.pdf
Rent-A-Center Inc. Analyst Notes
On June 20, 2014, Rent-A-Center, Inc. (Rent-A-Center) announced that Ian Cohen has been appointed to the position of Vice President of Omni Channel. His responsibilities under this role will include working cross-functionally to create a seamless approach to the consumer experience across a variety of shopping channels. He will also be responsible in the design, development, and implementation of a digital-commerce solution that ensures customer demands are met. "Ian brings a wealth of knowledge to a key role," said Joel Mussat, Executive Vice President and Chief Omni Channel Officer. "His expertise is certain to pay dividends as we strive to better meet the demands of today's consumers." Mr. Cohen has over 13 years of experience in developing and executing digital omni-channel strategies and implementing eCommerce solutions. The full analyst notes on Rent-A-Center are available to download free of charge at:
http://www.analystsreview.com/Jun-27-2014/RCII/report.pdf
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