Streetbeat News

Assets

CRGY

Crescent Energy Company (NYSE:CRGY) announced its subsidiary Crescent Energy Finance LLC's intention to offer $150 million of 9.250% Senior Notes due 2028 in a private placement. These additional notes will be under the same terms as the existing $850 million notes issued previously. The proceeds will be used to repay part of the outstanding amounts under its revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:22 pm

SPHR

Sphere Entertainment Co. (NYSE: SPHR) announced a private offering of $225 million in convertible senior notes due 2028, targeting qualified institutional buyers under Rule 144A of the Securities Act. The company also plans to give initial purchasers an option to buy an additional $33.75 million of the notes shortly after issuance.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:20 pm

EXAI

Exscientia plc (NASDAQ:EXAI) has been awarded a $2.3 million grant from Open Philanthropy to explore a new therapeutic approach for pandemic influenza, focusing on the activation of the host interferon response.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:04 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has realized a profit of over $2 billion from its Bitcoin holdings as the cryptocurrency's value surged above $42,000. The company, under Michael Saylor's leadership, has been accumulating Bitcoin since August 2020 and held 174,530 BTC as of November 30. Despite the 2022 bear market, MicroStrategy continued to buy more Bitcoin, and its shares rose 6% on Monday.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 12:02 pm

EVH

Evolent Health plans to offer $350M in Convertible Senior Notes due 2029. The proceeds will be used to pay down its existing senior term loan. This financial maneuver is aimed at restructuring the company's debt and potentially lowering the interest costs.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:01 pm

ARES

Ares Management Corporation, a global alternative investment manager, has successfully raised around $3.3 billion for real estate secondaries capital. This includes the Landmark Real Estate Fund IX, General Partner commitments, and affiliated vehicles.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:32 am

TSLA

Tesla has been granted a U.S. patent numbered 11837523 for an inverter. This patent could signify advancements in Tesla's electric vehicle technology, potentially improving efficiency and performance of their EVs.

Portfolio Pulse from Charles Gross

December 05, 2023 | 11:24 am

FENC

Fennec Pharmaceuticals Inc. has announced a third closing of $5 million in senior secured promissory notes under an existing agreement with Petrichor. The original deal allowed for up to $20 million in additional financing until December 31, 2023. The agreement has been amended to provide access to up to $15 million more through December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:58 am

VALE

During the Vale Day presentation, Vale S.A. announced its capital expenditure (CAPEX) forecast, projecting approximately $6.0 billion for 2023 and around $6.5 billion for 2024.

Portfolio Pulse from Charles Gross

December 05, 2023 | 10:36 am

DGHI

Digihost Technology Inc. reported mining approximately 77 BTC in November 2023, marking a 26% increase in daily BTC production YoY. The company held $2.1 million in cash, BTC, and cash deposits as of November 30, 2023. Capital expenditures for the month were about $0.3 million, aimed at avoiding equity dilution. Digihost continues to fund its energy costs by monetizing a portion of its BTC production and did not purchase or sell any miners during the month.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:05 am