By Dean Seal
Barnes & Noble Education reached a deal with financial stakeholders and strategic partners for a refinancing that would strengthen its liquidity position and extend the maturity of its debt facilities. Two weeks ago, the school-bookstore operator warned that its long-term viability could be in jeopardy if it doesn’t improve its liquidity position. Shares rise 14%, to $1.42, in aftermarket trading.
HomeStreet, the parent of HomeStreet Bank, recognized a $31.4 million loss in the second quarter due to a $34.6 million after-tax goodwill impairment charge. Core net income for the quarter was $3.2 million, or 17 cents a share, compared with $5.1 million, or 27 cents a share, in the same quarter a year ago. Analysts polled by FactSet had been looking for 19 cents a share. Shares slip 8%, to $9.25, in after-hours trading.
OKYO Pharma said in a pair of securities filings that it plans to sell ordinary shares in an underwritten public offering after being notified by Nasdaq that its stock is no longer meeting listing qualifications. Nasdaq staff said the market value of the company’s shares has closed below the minimum $35 million requirement for listing on the Nasdaq Capital Market. Shares sink 15%, to $1.87, in after-hours trading.
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