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Arris Group, Inc. (NASDAQ:ARRS)’s shares jumped 0.24% to $33.50. The company on June 2 announced that on May 29, 2014, it completed an optional principal prepayment of its senior secured credit facilities in the amount of $150 million. As a result of the prepayment, the Company’s total outstanding indebtedness at face value as of May 31, 2014 was $1,589 million, comprised of $1,045 million under the Term Loan A and $544 million under the Term Loan B. Since acquiring the Motorola Home business from Google on April 17, 2013, ARRIS has successfully deleveraged its balance sheet through the redemption of convertible notes and through mandatory and optional payments of its senior secured credit facilities totaling $568 million.
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Live Nation Entertainment, Inc. (NYSE:LYV)’s shares dropped 1.55% and closed at $23.57. Live Nation’s House of Blues Entertainment division (HOBE) and District N9NE on June 9 announced an exclusive, long-term booking agreement for District N9NE, a 600-1,400 capacity venue located in the Callowhill neighborhood of Philadelphia, PA. The booking agreement is scheduled to kick off this month with TicketWeb as the exclusive ticket provider for the venue.
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