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EVRG

Evergy, Inc. (NASDAQ: EVRG) has priced an upsized private offering of convertible notes due 2027 at $1.2 billion, an increase from the previously announced $1.1 billion. The offering includes an option for initial purchasers to buy an additional $200 million of notes within 13 days of the closing date. The expected settlement date is on or about December 7, 2023, with anticipated net proceeds of approximately $1.180.9 million after discounts and expenses, assuming no additional notes are purchased.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:54 am

ALK

AZO

HA

SJM

TOL

The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone with a reading of 68.4. U.S. stocks closed lower on Monday, with the S&P 500 falling after a strong close on Friday. Bitcoin surpassed $41,000, and gold reached a record intraday high. U.S. factory orders declined by 3.6% in October. Alaska Air Group's shares dropped over 14% after announcing the acquisition of Hawaiian Airlines for $18 per share. Sectors like real estate and health care closed higher, against the general market trend. Investors are looking forward to earnings from Toll Brothers, AutoZone, and The J. M. Smucker Company.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 7:09 am

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has upsized and priced a private offering of $550 million 8% green senior unsecured notes due 2027. The net proceeds are estimated to be approximately $543 million after initial purchasers' discounts, commissions, and estimated offering expenses. HASI plans to use the proceeds to invest in new and existing eligible green projects and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:01 am

AVB

AvalonBay Communities, Inc. (NYSE: AVB) has priced a public offering of $400 million 5.300% senior unsecured notes due 2033. The offering is set to close on December 7, 2023, with an effective interest rate of 5.098% after accounting for interest rate hedges. Interest payments are semi-annual, starting June 7, 2024, and the notes will mature on December 7, 2033.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:55 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) reported its net assets as of November 30, 2023, totaling $1.8 billion with a net asset value (NAV) per share of $10.51. The company's asset coverage ratios under the 1940 Act were 659% for senior securities representing indebtedness and 456% for total leverage, including debt and preferred stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:52 am

OMEX

Odyssey Marine Exploration, Inc. has obtained strategic debt financing from top institutional investors. This move is aimed at bolstering the company's financial position and supporting its operational activities. The terms of the financing, including the amount, interest rate, and maturity, have not been disclosed. Investors may view this as a positive step towards the company's growth and sustainability, but the lack of details could also raise questions about the potential impact on the company's balance sheet and future financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:43 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs in 1976 is expected to fetch over $20,000 at auction. The check, which references the 'Apple Computer Company,' is a rare collectible as Jobs was known for rarely giving autographs. In the past, items signed by Jobs have sold for high amounts, with a letter declining an autograph request selling for $479,939 in 2021. The auction for the check is currently active with bids exceeding $22,000. Radio Shack, mentioned in the check's history, filed for bankruptcy in 2015.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:13 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs to Radio Shack in 1976 is expected to fetch over $20,000 at an RR Auction. The check is from the period when Apple was developing its first product, the Apple I computer kit. Collectibles signed by Jobs are rare and highly valued, with a previous Jobs-signed letter selling for nearly $480,000 and another check for over $100,000. Radio Shack, which filed for bankruptcy in 2015, has historical ties to Apple, as Steve Wozniak used their computer system for an early project with Jobs.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:12 am

EWA

Australia's current account for Q3 reported a deficit of 0.2 billion, contrasting with the estimated surplus of 3.1 billion and the revised prior surplus of 7.8 billion.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:57 am

EWA

The Reserve Bank of Australia has kept the interest rate unchanged at 4.35% for December.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:56 am