This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Activists Fill Pantry with Full Proxy Slate

Pantry is the fourth-largest independently owned convenience store operator in the U.S. It runs 1,538 stores, primarily under the Kangaroo Express banner.

The company has $250 million in 8.375% senior unsecured notes due Aug. 1, 2020, with syndicate managers Bank of America Merrill Lynch, BMO Capital Markets, RBC Dominion Securities, SunTrust Robinson Humphrey and Wells Fargo & Co. The trustee for the notes is U.S. Bank NA.

The company said in a Feb. 20 investor letter that it has $174 million in liquidity and no near-term debt maturities.

Pantry also has two bank loans: a $253 million senior secured Term Loan B due Aug. 2, 2019, bearing interest at Libor plus 375; and a $225 million senior secured revolving credit facility due Aug. 3, 2017, bearing interest at Libor plus 425.

Pantry's shares closed up $0.04, or 0.26%, at $15.44 Thursday after news of the board election. It has a market capitalization of about $362.4 million.

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PTRY $36.74 0.00%
SUSS $81.72 -0.32%
CASY $118.38 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs