factset research systems inc (FDS) Key Developments
Michael F. Dichristina Passes Away as Board Member of FactSet Research Systems Inc
Feb 27 15
FactSet Research Systems Inc. announced that Michael F. DiChristina, Board Member and former President and COO of the company passed away.
FactSet Research Systems Inc. Enters into Credit Agreement with Bank of America, N.A
Feb 12 15
On February 6, 2015, FactSet Research Systems Inc. entered into a credit agreement between FactSet, as the borrower, and Bank of America, N.A., as the lender. The credit agreement provides for a $35,000,000 revolving credit facility. FactSet may request borrowings under the revolving credit facility until its maturity date of February 6, 2018. The credit agreement allows FactSet to arrange for additional borrowings with the lender for an aggregate amount of up to $265,000,000, provided that any such request for additional borrowings must be in a minimum amount of $25,000,000. At FactSet's option, the borrowing may be in the form of a Eurodollar rate loan, a base rate loan, or a LIBOR daily rate loan. Borrowings under the February 6, 2015 loan bear interest on the outstanding principal amount at a rate equal to the Eurodollar rate plus 0.50%.
FactSet Research Systems Declares Quarterly Dividend, Payable on March 17, 2015
Feb 11 15
FactSet Research Systems Inc. announced that its Board of Directors approved a regular quarterly dividend of $0.39 per share. The cash dividend will be paid on March 17, 2015 to holders of record of FactSet's common stock at the close of business on February 27, 2015.
FactSet Research Systems Appoints Scott Miller as Executive Vice President, Global Director of Sales
Jan 21 15
FactSet Research Systems announced that Scott Miller will join as Executive Vice President, Global Director of Sales. Mr. Miller joins FactSet from Bloomberg L.P. Mr. Miller was a founding executive and Global Chief Operating Officer of Bloomberg's Enterprise Products and Solutions Group, responsible for the strategy and execution of that group's major initiatives and day-to-day management. Previously, Mr. Miller spent 10 years in sales leadership roles within Bloomberg's Financial Products Group, including Head of Sales, Americas; Regional Sales Manager, Americas; Regional Sales Manager, EMEA; and National Sales Manager, EMEA.
FactSet Research Systems Inc. Releases New Fixed Income Ownership Feed
Jan 12 15
FactSet Research Systems Inc. announced the release of a new Fixed Income Ownership data feed. This new feed provides a powerful solution for investment professionals to analyze a portfolio's holdings across all asset classes and identify owners of an entity's debt and equity issues to uncover trends. Regulatory and risk groups can perform fund look-through analysis to help with regulatory requirements such as Solvency II. FactSet's Fixed Income Ownership feed covers 136,000 fixed income securities and 18,000 funds. The data is collected directly from the fund holders and includes fund characteristics, security detail, position held, reported market value, and report date.