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LUXH

LuxUrban Hotels Inc. (LUXH) has secured a non-dilutive financing agreement for up to $10 million from its Chairman and Co-CEO, Brian Ferdinand. The financing is structured as a 36-month unsecured advancing term promissory note with a 1% annual interest rate, prepayable at the company's discretion. The funds, raised through the sale of Ferdinand's shares, will be used for growth capital to lease hotels in the U.S. and internationally. The company's growth strategy is supported by proceeds from a recent preferred stock offering and partnership with Wyndham Hotels & Resorts. The financing is not required to meet the company's 2023 and 2024 guidance for net rental revenue, EBITDA, and hotel rooms under long-term Master Lease Agreements.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:09 pm

FMC

FMC Corporation is conducting a strategic review of its non-core assets, which may include the sale of its non-crop product line, Global Specialty Solutions. This review is aimed at optimizing the company's portfolio and focusing on its core agricultural business.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 12:50 pm

THC

Tenet Healthcare has agreed to sell three of its hospitals and related operations in South Carolina to Novant Health for about $2.4 billion in cash. The after-tax proceeds from the sale are expected to be approximately $1.75 billion.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:47 am

JOBY

Joby Aviation has been awarded a $9.8 million California Competes Grant to expand its facilities in California. The company has committed to creating 690 new jobs by 2027 and plans to invest $41.3 million in the expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 11:05 am

AES

VNM

Reuters has reported that AES Corp is currently in discussions to sell a significant coal-fired power plant in Vietnam. This move is part of a broader trend where energy companies are divesting from coal assets due to environmental concerns and shifting towards renewable energy sources.

Portfolio Pulse from Charles Gross

November 17, 2023 | 10:15 am

DDC

DDC Enterprise Ltd, known as DayDayCook, has announced the pricing of its IPO at $8.50 per share, offering 3.9 million shares. The company expects to raise $33.15 million before expenses, with an additional option for underwriters to purchase 585,000 shares. Trading on the NYSE American is set to begin on November 17, 2023, under the ticker symbol 'DDC'.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:30 am

AGO

Assured Guaranty UK Limited (AGUK), a subsidiary of Assured Guaranty Ltd. (AGO), has guaranteed principal and interest payments on £140 million of bonds issued by Heathrow Airport. The bonds, issued by Heathrow Funding Limited, are split into two £70 million fixed rate tranches due in 2058 and 2059.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:27 am

PARA

Paramount Global has announced the early tender results of its Maximum Tender Offers aimed at purchasing a specified amount of its outstanding debt securities. The offer targets up to $540,922,623.28 aggregate purchase price of the company's Senior Notes due in 2026, 2027, and 2028. This offer is available to all registered holders of the specified notes.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:07 am

WLFC

Willis Lease Finance Corporation, through its subsidiary, has secured a £4.721 million grant from the UK Government's Advanced Fuels Fund Competition. This grant is aimed at supporting the development of advanced fuels for transport, which is a step towards sustainable and environmentally friendly transportation solutions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:25 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a 1400% increase in its burn rate as 105 million SHIB tokens were sent to a dead wallet. The Manny Pacquiao Foundation announced it will adopt Shiba Inu's Shibarium for fundraising. Crypto analyst Captain Fabik predicts a potential 2x rally for SHIB by December if a current retest is successful. SHIB is trading at $0.0000087, down 1.21% over the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 6:16 am