Chemical Companies Announce Term Loans, Option Agreements, Closing of Public Offering, Dividends, and Results - Research Report on Huntsman, SQM, Williams Partners, Airgas, and Scotts Miracle-Gro
August 19, 2013 at 08:00 AM EDT
NEW YORK, August 19, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Huntsman Corporation (NYSE: HUN), Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), Williams Partners L.P. (NYSE: WPZ), Airgas, Inc. (NYSE: ARG), and The Scotts Miracle-Gro Company (NYSE: SMG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Huntsman Corporation Research Report
On August 12, 2013, Huntsman Corporation (Huntsman) announced that it is planning to raise $100 million in aggregate principal amount of additional term loans through its subsidiary Huntsman International LLC (Huntsman International). The Company informed that the loans will be treated as a single class and will have the same terms as, one or more classes of Existing Term Loans. Huntsman stated that Citigroup Global Markets and HSBC Securities (USA) Inc. will be the lead arranger, and co-manager for the loan, respectively. The Full Research Report on Huntsman Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0d58_HUN]
Sociedad Quimica y Minera de Chile S.A. Research Report
On August 12, 2013, Sociedad Quimica y Minera de Chile S.A. (SQM) announced that it has entered into a 7.5 year Option Agreement with Capstone Mining Corp. (Capstone). SQM stated that the Option Agreement could bring Capstone an opportunity to gain a majority stake in the property of all metal discoveries in the Providencia Project (Providencia). According to the Company, at the commencement of the Option Agreement, Capstone will possess 350,000 hectares to carry out exploration activities and as a prerequisite of the agreement, it will need to reduce the area to 50,000 hectares in the event that a joint venture is established between SQM and Capstone. Also, in the event that the two parties form a JV, SQM will have the option of keeping its 30% share in the property or relinquish it for an annual royalty stream indexed to the metal prices in LME. The Full Research Report on Sociedad Quimica y Minera de Chile S.A. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a54a_SQM]
Williams Partners L.P. Research Report
On August 7, 2013, Williams Partners L.P. (Williams Partners) announced that it has completed its previously announced public offering of approximately 24.7 million common units representing limited-partner interests at $49.0 per unit. The Company informed that the amount includes approximately 3.2 million common units purchased in relation to the full exercise of the underwriter's option to purchase additional common units. Williams Partners informed that it plans to use the net proceeds from the offering to repay amounts outstanding under the Company's commercial paper program, to fund capital expenditures, and for general partnership purposes. The Full Research Report on Williams Partners L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8684_WPZ]
Airgas, Inc. Research Report
On August 6, 2013, Airgas, Inc. (Airgas) announced that its Board of Directors has approved a quarterly cash dividend of $0.48 per share, payable on September 30, 2013, to shareholders of record as of September 13, 2013. On the same day, the Company also announced that based upon Airgas' Annual Meeting of Stockholders, John P. Clancey, Richard C. Ill, and Ted B. Miller, Jr. each -Air Gas nominees for the Board , have been appointed as Airgas Board of Directors. Airgas stated that all of the Company's nominees received the support of a majority of shareholders of the Company. The Full Research Report on Airgas, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b17f_ARG]
The Scotts Miracle-Gro Company Research Report
On August 6, 2013, The Scotts Miracle-Gro Company (Scotts Miracle-Gro) reported its Q3 FY 2013 financial results (period ended June 29, 2013). The Company reported net sales increase of 8.8% YoY to approximately $1.1 billion. Net Income came in at $148.2 million or $2.37 per diluted share, compared to $96.4 million or $1.5 per diluted share in Q3 FY 2012. Jim Hagedorn, Chairman and CEO of Scotts Miracle-Gro said, "The level of consumer engagement we've seen since April has erased the deficit we had after a slow break to the season in March, With less than two months remaining in our fiscal year, we now feel comfortable projecting that our full-year earnings should be at the mid-point of our guidance of $2.50 to $2.75 per share." The Full Research Report on The Scotts Miracle-Gro Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4d0e_SMG]
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SOURCE Analysts' Corner