Exxon pays big premium to borrow, thanks to weak investor sentiment [Seeking Alpha]
Diamond Hill Investment Group, Inc. - Class A (DHIL)
US:NASDAQ Investor Relations:
ir.diamond-hill.com
Company Research
Source: Seeking Alpha
Energy | On the Move Exxon pays big premium to borrow, thanks to weak investor sentiment Mar. 18, 2020 11:42 AM ET Exxon Mobil Corporation (XOM) Carl Surran Exxon Mobil ( -6.9% paid a "huge premium" Exxon, which is rated Aaa/AA by credit rating agencies, issued its debt at a 60 basis point premium to PepsiCo, which has a lower investment-grade rating of A1/A+, as the rout in energy prices and the coronavirus outbreak has shaken investor confidence in the company and the energy industry. Despite the higher cost of the new debt, Exxon will be relieved just to have been able to raise the funds, Bill Zox, chief investment officer of fixed income at Diamond Hill Capital Management, tells Reuters. Exxon's debt pile totaled $46.9B as of the end of December. See all stocks on the move » Now read: The Hidden Stock Return Driver » From other sites
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News
- Diamond Hill Investment Group's (NASDAQ:DHIL) Dividend Will Be $1.50 [Yahoo! Finance]Yahoo! Finance
- Diamond Hill Investment Group Full Year 2023 Earnings: EPS: US$14.32 (vs US$13.01 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- DIAMOND HILL INVESTMENT GROUP, INC. REPORTS 2023 FINANCIAL RESULTS AND DECLARES FIRST QUARTER DIVIDEND [Yahoo! Finance]Yahoo! Finance
- DIAMOND HILL INVESTMENT GROUP, INC. REPORTS 2023 FINANCIAL RESULTS AND DECLARES FIRST QUARTER DIVIDENDPR Newswire
DHIL
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- DHIL's page on the SEC website