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Sotheby's (BID.N)

BID.N on New York Stock Exchange

51.11USD
15 Dec 2017
Change (% chg)

$0.74 (+1.47%)
Prev Close
$50.37
Open
$50.69
Day's High
$51.96
Day's Low
$50.62
Volume
316,852
Avg. Vol
128,952
52-wk High
$57.93
52-wk Low
$38.32

Latest Key Developments (Source: Significant Developments)

Sotheby’s Prices $400 Million Of Senior Notes Due 2025
Thursday, 7 Dec 2017 04:37pm EST 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S PRICES $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS.SOTHEBY'S - NOTES WILL BE SOLD TO INVESTORS AT A PRICE OF 100% OF PRINCIPAL AMOUNT THEREOF, PLUS ACCRUED INTEREST FROM DECEMBER 12, 2017.SOTHEBY'S - NOTES WILL PAY INTEREST SEMIANNUALLY AT A RATE OF 4.875% PER ANNUM AND WILL MATURE ON DECEMBER 15, 2025.  Full Article

Sotheby’S Announces Proposed Offering Of $400 Mln Of Senior Notes Due 2025
Thursday, 7 Dec 2017 06:57am EST 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S ANNOUNCES PROPOSED OFFERING OF $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - TO USE PROCEEDS OF OFFERING TO REDEEM 5.25% SENIOR NOTES DUE 2022 AT PRICE OF 102.625% PLUS ACCRUED, UNPAID INTEREST TO REDEMPTION DATE.  Full Article

Sotheby's Q3 loss per share $0.45
Friday, 3 Nov 2017 07:00am EDT 

Nov 3 (Reuters) - Sotheby's -:Sotheby’S reports third quarter 2017 financial results.Q3 loss per share $0.45.Q3 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S.Sotheby's - qtrly total revenues $‍171.4 million versus $91.5 million​.Q3 revenue view $108.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's provides notice to lenders to reduce borrowing capacity of SFS credit facility to $800 mln eff. Oct 2, 2017 - SEC filing​
Monday, 2 Oct 2017 07:28am EDT 

Oct 2 (Reuters) - Sotheby's : :Sotheby's -‍ On Sept 27, co provided notice to lenders to reduce borrowing capacity of SFS credit facility to $800 million effective Oct 2, 2017 - SEC filing​.  Full Article

Sotheby's reports Q2 revenue $314.9 million
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Sotheby's :Sotheby's reports second quarter 2017 financial results.Q2 revenue $314.9 million versus I/B/E/S view $313.9 million.Sotheby's qtrly diluted earnings per share decreased by only 6%, from $1.52 to $1.43.  Full Article

Sotheby's says ‍on July 25, incremental facility maturity date was extended by one year to August 22, 2018, in accordance with terms of credit agreement​
Wednesday, 26 Jul 2017 04:41pm EDT 

July 26 (Reuters) - Sotheby's :Sotheby's - ‍on July 25, incremental facility maturity date was extended by one year to august 22, 2018, in accordance with terms of credit agreement​.  Full Article

Sotheby's says entered first amendment to loan agreement
Wednesday, 21 Jun 2017 04:26pm EDT 

June 21 (Reuters) - Sotheby's :Sotheby's says on June 2, 1334 york, Llc and Sotheby's entered first amendment to loan agreement and guaranty of recourse carveouts - SEC filing.Sotheby's - amendment modifies amount of net worth which Sotheby's must maintain; reduced from $425 million to $325 million.Sotheby's - amendment modifies loan agreement as follows; 1334 york, llc is partially prepaying loan in amount of $32 million on July 3, 2017.Sotheby's -amendment modifies that 1334 york, lcc to make annual prepayments on loan each July from any excess cash flow, in amount not to exceed $25 million.  Full Article

Sotheby’s Q1 loss per share $0.21
Wednesday, 10 May 2017 07:00am EDT 

May 10 (Reuters) - Sotheby's :sotheby’s reports first quarter 2017 financial results.Q1 loss per share $0.21.Q1 earnings per share view $-0.38 -- Thomson Reuters I/B/E/S.Sotheby's - see signs of strengthening in consignments for upcoming sales of impressionist, modern and contemporary art in new york that take place next week.Sotheby's qtrly revenues $187.5 million versus 106.5 million.Q1 revenue view $111.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's CEO Thomas Smith's FY 2016 total compensation was $6.04 Mln
Wednesday, 29 Mar 2017 03:07pm EDT 

Sotheby's : CEO Thomas Smith's FY 2016 total compensation was $6.04 million versus $18.65 million in FY 2015 - sec filing .CEO Thomas Smith's FY 2015 total compensation includes $16.5 million of stock awards.  Full Article

Sotheby's says it has adopted rule 10b5-1 plan for purpose of repurchasing shares of its common stock
Tuesday, 7 Mar 2017 04:24pm EST 

Sotheby's : Says it has adopted a rule 10b5-1 plan for purpose of repurchasing shares of its common stock .Sotheby's says the repurchase of shares is to offset shares recently granted by company as equity compensation for executive and other officers.  Full Article

BRIEF-Sotheby’s Prices $400 Million Of Senior Notes Due 2025

* SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS