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NMFC

New Mountain Finance Corporation (NASDAQ:NMFC) announced a $300 million secondary offering of 6.200% unsecured notes due 2027. The notes will mature on October 15, 2027, and can be redeemed early with a premium. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:07 am

BTCUSD

GLD

Economist Peter Schiff criticizes the market's focus on Bitcoin over gold, despite gold reaching record highs. He argues that the rise in gold signals loose monetary policy and impending inflation. Schiff has a history of downplaying Bitcoin's value.

Portfolio Pulse from Aniket Verma

September 24, 2024 | 5:27 am

SNOW

Snowflake Inc. (NYSE:SNOW) shares fell in after-hours trading following the announcement of a $2 billion private placement of senior convertible notes. The company plans to offer $1 billion in notes due 2027 and another $1 billion due 2029, with options for additional purchases. Snowflake's stock is trading below its 50-day moving average and near its 52-week low. Analysts have a positive outlook with an average price target of $166.93, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

September 23, 2024 | 8:49 pm

INVH

Invitation Homes has announced a public offering of $500 million in senior notes with a 4.875% interest rate, maturing in 2035. The notes are priced at 98.855% of the principal amount and are expected to close on September 26, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:48 pm

SPG

Simon Property Group's operating partnership is set to sell $1 billion in 4.750% notes due 2034. The proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:36 pm

GROV

Grove Collaborative Holdings shares rose following a $15 million investment from Volition Capital.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:31 pm

HIG

Hartford Financial Services Group has filed for a mixed shelf offering, as per their SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:31 pm

BCAX

RA Capital Management LP has reported a 12.8% stake in Bicara Therapeutics as of September 16, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:30 pm

FOR

Forestar Group has filed for a mixed shelf offering of up to $750 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used for general corporate purposes, debt repayment, or other strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:28 pm

GROV

Grove Collaborative has received a $15 million investment from Volition Capital, increasing Volition's total investment to $25 million. Grove plans to use part of this investment to pay off $30 million of its outstanding term debt.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:27 pm