Streetbeat News

Assets

PRAA

PRA Group, Inc. has announced the pricing of an upsized offering of $150 million in Senior Notes due 2030, with an interest rate of 8.875%. The offering was increased by $50 million from the initially planned $100 million.

Portfolio Pulse from

November 20, 2024 | 10:30 pm

BYON

Beyond, Inc. (NYSE:BYON) has provided an update on its proposed financing arrangements for a pending transaction with The Container Store Group, Inc. This involves a Securities Purchase Agreement dated October 15, 2024.

Portfolio Pulse from

November 20, 2024 | 10:30 pm

BLK

BlackRock Canada announced estimated 2024 annual reinvested capital gains distributions for iShares ETFs listed on the TSX or Cboe Canada. These estimates are as of October 31, 2024.

Portfolio Pulse from

November 20, 2024 | 10:15 pm

RGA

Reinsurance Group of America (RGA) has entered into a $4.1 billion coinsurance transaction with John Hancock, a subsidiary of Manulife. The deal involves reinsurance of $1.9 billion in long-term care and $2.2 billion in structured settlements.

Portfolio Pulse from

November 20, 2024 | 10:00 pm

MFC

Manulife Financial Corporation has announced a $5.4 billion reinsurance transaction with Reinsurance Group of America, which includes $2.4 billion of long-term care reserves. This transaction will release $0.8 billion in capital, which will be returned to shareholders through share buybacks.

Portfolio Pulse from

November 20, 2024 | 9:45 pm

MSTR

Microstrategy's stock surged by 16% following its announcement of a $4.6 billion Bitcoin purchase, indicating strong investor confidence in the company's cryptocurrency strategy.

Portfolio Pulse from

November 20, 2024 | 9:30 pm

FSK

FS KKR Capital Corp. (NYSE: FSK) has completed a public offering of $600 million in 6.125% unsecured notes due 2030. This move is likely to impact the company's financial strategy and investor sentiment.

Portfolio Pulse from

November 20, 2024 | 9:30 pm

EXR

Extra Space Storage Inc. has announced a $1 billion unsecured commercial paper note program, allowing its operating partnership to issue notes up to this amount.

Portfolio Pulse from

November 20, 2024 | 9:30 pm

NVGS

Navigator Holdings Ltd. (NYSE: NVGS) has announced the construction of two additional 48,500 cubic meter capacity liquefied ethylene gas carriers, expanding its fleet. The new vessels will be built by Jiangnan Shipyard and China Shipbuilding Trading Co. in China.

Portfolio Pulse from

November 20, 2024 | 9:15 pm

HIGH

The HIGH ETF employs a strategy combining fixed income instruments and options trading to achieve a 7.2% annualized distribution yield. Despite consistent income distributions, it has underperformed major indexes and peer ETFs, with only an 11% ROI since inception.

Portfolio Pulse from

November 20, 2024 | 9:00 pm