Edition:
India

Axalta Coating Systems Ltd (AXTA.N)

AXTA.N on New York Stock Exchange

30.42USD
22 Jun 2018
Change (% chg)

$-0.02 (-0.07%)
Prev Close
$30.44
Open
$30.53
Day's High
$30.53
Day's Low
$30.27
Volume
1,026,059
Avg. Vol
400,435
52-wk High
$38.20
52-wk Low
$27.78

Latest Key Developments (Source: Significant Developments)

Axalta Coating Systems Says 2 Of Co's Units Entered Into Amendment No. 6 To Credit Agreement Dated As Of Feb 1, 2013
Thursday, 12 Apr 2018 

April 11 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COATING SYSTEMS SAYS 2 OF CO'S UNITS ENTERED INTO AMENDMENT NO. 6 TO CREDIT AGREEMENT DATED AS OF FEB 1, 2013 - SEC FILING.AS PER AMENDMENT NO. 6, THE 2 UNITS OF CO INCURRED TERM LOANS IN AN AMOUNT EQUAL TO $2,430 MILLION.UNDER AMENDMENT,UNIT ENTERED CROSS CURRENCY SWAPS FOR $475 MILLION NEW TERM LOANS INTO EURO FIXED RATE INDEBTEDNESS TOTALED EUR387.2 MILLION.SWAPS MATURE ON MARCH 31, 2023.THE 2 UNITS OF CO INCURRED THE $2,430 MILLION TERM LOANS IN ORDER TO REFINANCE THEIR $1,955 MILLION TERM LOAN DUE JUNE 2024.THE 2 UNITS OF CO INCCURED THE $2,430 MILLION TERM LOANS IN ORDER TO REFINANCE THEIR EUR 395 MILLION TERM LOAN DUE FEB 2023.  Full Article

Axalta Units Expect To Enter Into Amendment To Credit Agreement
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COATING SYSTEMS SAYS TWO UNITS OF CO EXPECT TO ENTER INTO AMENDMENT TO CREDIT AGREEMENT DATED FEB 1, 2013 - SEC FILING.AXALTA COATING SYSTEMS LTD - ‍AMENDMENT IS EXPECTED TO REFINANCE BORROWERS' EXISTING $1,960 MILLION TERM LOAN DUE JUNE 2024​.AXALTA COATING SYSTEMS - IN ADDITION, PURSUANT TO AMENDMENT, BORROWERS ARE EXPECTED TO INCREASE TERM LOAN BY $475 MILLION.  Full Article

Axalta Coating Systems Sees Preliminary 2018 Net Sales Growth About 6% to 7%
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Axalta Coating Systems Ltd ::AXALTA COATING SYSTEMS LTD SEES PRELIMINARY 2018 CAPEX OF ABOUT $160 MILLION.SAYS SEES PRELIMINARY 2018 NET SALES GROWTH ABOUT 6 PERCENT TO 7 PERCENT - SEC FILING.SEES PRELIMINARY 2018 ADJUSTED EBITDA IN RANGE OF $940 MILLION - $980 MILLION.FY2018 REVENUE VIEW $4.66 BILLION -- THOMSON REUTERS I/B/E/S.SEES PRELIMINARY 2018 FREE CASH FLOW BETWEEN $430 MILLION AND $470 MILLION.  Full Article

Axalta And Nippon Paint End Acquisition Discussions
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Axalta Coating Systems Ltd ::AXALTA AND NIPPON PAINT END ACQUISITION DISCUSSIONS.AXALTA COATING SYSTEMS LTD - ANNOUNCED DISCUSSIONS REGARDING IT BEING ACQUIRED BY NIPPON PAINT HAVE ENDED.AXALTA COATING - NIPPON PAINT INFORMED CO THAT ITS BOARD WAS UNWILLING TO MEET EXPECTATIONS REGARDING "VALUE OF COMPANY".AXALTA COATING SYSTEMS - "OUR CURRENT AND FUTURE OPERATIONAL PLANS HAVE NOT WAVERED" DURING DEAL DISCUSSIONS.AXALTA COATING - NIPPON PAINT INFORMED CO THAT ITS BOARD WAS ALSO UNWILLING TO ASSUME "FINANCIAL LEVERAGE NECESSARY FOR A DEAL OF THIS SIZE".  Full Article

Nippon Paint Would Likely Spend Over 1 Trillion Yen for Axalta - Nikkei‍​
Thursday, 30 Nov 2017 

Dec 1 (Reuters) - Nikkei::NIPPON PAINT HOLDINGS WOULD LIKELY SPEND MORE THAN 1 TRILLION YEN ($8.91 BILLION) TO MAKE AXALTA COATING SYSTEMS A WHOLLY OWNED SUBSIDIARY - NIKKEI‍​.  Full Article

Axalta says it is in acquisition discussions with Nippon Paint
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Axalta Coating Systems Ltd -:AXALTA CONFIRMS ACQUISITION DISCUSSIONS WITH NIPPON PAINT.CONFIRMED THAT IT IS ENGAGED IN DISCUSSIONS WITH NIPPON PAINT REGARDING A POTENTIAL ACQUISITION OF AXALTA​.  Full Article

Nippon Paint confirms it has made proposal to U.S. company about acquisition as reported
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Nippon Paint Holdings Co Ltd <4612.T>::Confirms it has made proposal to U.S. company about acquisition as reported.Says no assurance deal will be reached.  Full Article

Akzo Nobel and Axalta end merger discussions
Wednesday, 22 Nov 2017 

Nov 21 (Reuters) - Akzo Nobel NV ::REG-AKZONOBEL AND AXALTA END MERGER DISCUSSIONS.AKZO NOBEL NV SAYS ‍SEPARATION OF AKZONOBEL SPECIALTY CHEMICALS BUSINESS AND RETURN OF VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS REMAIN ON TRACK​.  Full Article

Akzo Nobel confirms discussions with Axalta regarding potential merger
Monday, 30 Oct 2017 

Oct 30 (Reuters) - AKZO NOBEL NV ::CONFIRMS CONSTRUCTIVE DISCUSSIONS WITH AXALTA REGARDING POTENTIAL MERGER‍​.CONFIRMS THAT ITS SEPARATION OF SPECIALTY CHEMICALS, INCLUDING THE RETURN OF THE VAST MAJORITY OF NET PROCEEDS TO SHAREHOLDERS, REMAINS ON TRACK FOR APRIL 2018.WILL CREATE A LEADING GLOBAL PAINTS & COATINGS COMPANY THROUGH A MERGER OF EQUALS.  Full Article

Axalta qtrly ‍diluted net income per share $ 0.22​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Axalta Coating Systems Ltd :Axalta releases third quarter 2017 results.Q3 sales $1.092 billion versus I/B/E/S view $1.1 billion.Axalta Coating Systems Ltd - ‍reiterating our outlook for full year 2017​.Axalta Coating Systems Ltd - qtrly ‍diluted net income per share $ 0.22​.Q3 earnings per share view $0.24, revenue view $1.10 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.13, revenue view $4.35 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Axalta Coating Systems Acquires Manufacturing And Distribution Site In Sacramento

* AXALTA COATING SYSTEMS ACQUIRES STATE OF THE ART MANUFACTURING AND DISTRIBUTION SITE IN SACRAMENTO, CA