Streetbeat News

Assets

CTO

CTO Realty Growth, Inc. (NYSE:CTO) has sold three single tenant outparcels in Chandler, Arizona for $9.2 million. These outparcels, leased to Olive Garden, Old Chicago Pizza + Taproom, and Mattress Firm, were part of CTO's Crossroads Towne Center property and the sale resulted in a 5.9% cap rate and approximately $3.0 million in gains.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:50 pm

HASI

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) plans to issue $500 million in green senior unsecured notes due 2027 to fund ten near-term opportunities across various markets. The offering will be by its subsidiaries, HAT Holdings I LLC and HAT Holdings II LLC, and guaranteed by HASI and other entities. The anticipated yield is approximately 11%, aiming for a mid-teen Return on Equity.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:40 pm

AAPL

INDA

Apple's supplier Pegatron has suspended iPhone production at its facility near Chennai, India, due to heavy rains, according to sources cited by Reuters.

Portfolio Pulse from Charles Gross

December 04, 2023 | 12:24 pm

TD

TD Bank Group has announced a major expansion of its Global Financial Institutions investment banking coverage in the US, along with growth in other product areas. This strategic move aims to enhance the bank's services and market presence in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:14 pm

RDHL

RedHill Biopharma has secured approximately $4.8 million in non-dilutive external funding for the Phase 2 study of RHB-107, a COVID-19 treatment. The study, which has FDA clearance, will enroll its first patient soon and is expected to be completed by the end of 2024. It will take place in the U.S., Thailand, Ivory Coast, South Africa, and Uganda.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 12:03 pm

BABA

FXI

PDD

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower, in line with the broader IShares China Large-Cap ETF (NYSE:FXI). Alibaba lost its title as China's most valuable e-commerce company to PDD Holdings Inc (NASDAQ:PDD). BABA's stock is down 20% YTD, while PDD's stock is up 72%. Alibaba Cloud has open-sourced large language models, including a 72-billion-parameter model and a 1.8-billion-parameter model, and introduced new multimodal LLMs. BABA shares traded lower by 1.54% at $72.84 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 12:01 pm

VFS

VinFast Auto (VFS) and the U.S. International Development Financial Corporation (DFC) signed an LOI for a potential $500M loan for a lithium-ion battery facility in Vietnam. This move aligns with sustainable transportation goals and strengthens Vietnam-U.S. relations.

Portfolio Pulse from Charles Gross

December 04, 2023 | 11:56 am

SNV

Synovus Financial has announced the expiration and final results of its cash tender offer to purchase up to $150 million of its outstanding 5.900% Fixed-to-Fixed Rate Subordinated Notes due February 7, 2029.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:49 am

EVRG

Evergy, Inc. (NASDAQ:EVRG) plans to offer $1.1 billion in convertible notes due 2027 in a private placement to qualified institutional buyers. The company may also allow an additional purchase of up to $200 million of the notes within 13 days of the initial offering. The proceeds will be used to repay a $500 million term loan due 2024, reduce commercial paper borrowings, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:46 am

ZDGE

Zedge, Inc. has made an early principal payment of $2 million to close out its term loan. Following the payment, the company's net cash and cash equivalents stand at approximately $16.7 million, or $1.18 per share, which is an increase from the $16.1 million reported as of July 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:37 am