12:00 PM New York – Avolon plans to launch $1.86 billion through an initial public offering. Cott plans to raise $615 million through a convertible bonds due in 2019. Fifth Street Finance net jumped 9%. Tandy Leather plunged on lowered fiscal outlook. Tetra Tech secured contract worth $216 million.
Tollbooth Index slipped 0.8% or 82.42 to 9,983.34.
, the Ireland-based aircraft leasing company launched an initial public offering valued at up to $1.86 billion. Trading will starts in to the next two weeks.
The company forecasted the sale of existing stock to be priced between $21 and $23 per share.
) dropped 2.1% or 14 cents to $6.41 after the beverages maker’s subsidiary plans to issue convertible bonds due in 2019 for aggregate principal amount of $615 million.
Fifth Street Finance Corp
) slipped 2.7% or 24 cents to $8.63 after the financial service provider said total investment income in the fourth-quarter ending in September soared 33.4% to $76.2 million from a year ago period.
Net income in the quarter jumped 8.8% to $28.4 million or 19 cents a diluted share compared to $26.1 million or 21 cents from a same quarter last year.
Fairfax Financial Holdings Ltd
, the Canada-based financial service provider signed an agreement with MCIS Insurance Berhad and Koperasi MCIS Berhad to acquire the insurance business for undisclosed amount.
The transaction is expected to close in the first-quarter of 2015.
Tandy Leather Factory, Inc
) plunged 6.8% or 63 cents to $8.69 after the leather product retailer lowered earnings per share forecast for the year between 75 cents and 78 cents from 80 cents to 83 cents.
The retailer maintained its revenue guidance for the year in the range of $82 million to $83 million.
Tetra Tech, Inc
) rose 5 cents to $27.23 after the technical service provider secured contract worth $216 million from the U.S. Agency for International Development project for Promoting Gender Equity in National Priority Programs Project in Afghanistan.