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Assets

Hyatt Hotels Corporation (NYSE:H) announced plans to expand its luxury portfolio with over 35 new hotels and resorts set to open by 2025. These properties will be under various Hyatt brands, including Park Hyatt, Grand Hyatt, Miraval, Alila, Andaz, Thompson Hotels, and The Unbound Collection, as well as Inclusive Collection brands Zoëtry Wellness & Spa Resorts and Dreams Resorts & Spas, targeting highly sought-after global destinations.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:05 am

GROY

Gold Royalty Corp. has committed $31 million to finance Aura Minerals' Borborema Project. The funding is part of a larger $40 million strategic convertible debenture financing with Queen's Road Capital and Taurus Funds Management. The financing is structured as a private placement of unsecured convertible debentures.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:52 am

EVH

Evolent Health has priced $350 million in 3.50% convertible senior notes due in 2029. The proceeds will be used to pay down its senior term loan. Interest on the notes will be paid semiannually, starting June 1, 2024, and the notes will mature on December 1, 2029, unless they are repurchased, redeemed, or converted earlier.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:42 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Dogecoin (DOGE) surged 17% to reach $0.10, outperforming Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH) in 24-hour gains. The rise coincides with Dogecoin's tenth anniversary and a significant increase in social media presence. SHIB, BTC, and ETH saw smaller gains of 11%, 5%, and 2% respectively. Dogecoin's trading volume also jumped by over 50%. A crypto analyst predicted a potential 700% increase in Dogecoin's value by July 2024.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 7:40 am

SID

Companhia Siderúrgica Nacional (CSN), listed as SID on NYSE, announced the expiration of its subsidiary CSN Resources' tender offer for $300M of 7.625% Senior Unsecured Guaranteed Notes due 2026. The offer received tenders for $117M of the notes, and CSN Resources plans to accept and pay for all validly tendered notes by December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:39 am

ARKK

BLK

GBTC

JPM

Asset managers are preparing for Bitcoin acquisitions in anticipation of Bitcoin ETFs, with Moody's Analytics director Yiannis Giokas attributing the recent Bitcoin price surge to the expected SEC approval of these ETFs. Bloomberg predicts a 90% chance of approval by Jan. 10. Discussions involve major players like Blackrock, Ark Invest, and Grayscale Investments. While some industry insiders expect a capital influx post-ETF launch, JPMorgan warns of potential price pressure. Bitcoin's price has recently surpassed $41,000, with analysts suggesting a 'Buy the rumor, sell the news' scenario.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 7:12 am

PSIX

Power Solutions International (PSIX) has amended its $50 million shareholder loan agreement with Weichai America to extend the loan maturity date to November 30, 2024. The loan is fully drawn and subordinated to the company's $130 million senior secured revolving credit facility with Standard Chartered Bank, of which $65 million has been borrowed as of December 5, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:59 am

CACC

Credit Acceptance has upsized its senior notes offering from the previously announced $500 million to $600 million, with a 9.250% interest rate, due in 2028. The sale is expected to close around December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:47 am

COIN

GBTC

SOFI

TDOC

TOST

TTD

VEEV

Ark Invest, led by Cathie Wood, sold over $33 million in Coinbase Global Inc (COIN) shares and nearly $5.6 million in Grayscale Bitcoin Trust (GBTC) shares as Bitcoin crossed the $44,000 mark. The sales were made through various Ark ETFs including ARKK, ARKW, and ARKF. Additionally, Ark Invest increased its holdings in SoFi Technologies (SOFI), Toast Inc (TOST), Veeva Systems (VEEV), Teladoc (TDOC), and The Trade Desk (TTD).

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 3:22 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, with BTC reaching $43,858, ETH at $2,293, and DOGE at $0.095. The rally was attributed to declining interest rates and anticipation of a U.S. Bitcoin ETF. A significant number of short positions were liquidated, totaling $162 million for BTC shorts. Analysts predict potential retracements for BTC before a continued upward trend, with targets of $38,000 and $48,000 based on technical analysis. The global crypto market cap increased by 3.56% to $1.60 trillion.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 2:40 am