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SHEL

Shell PLC is preparing to shut down its Stones and Appomattox oil fields in the Gulf of Mexico due to Tropical Disturbance 35. The company will also evacuate non-essential personnel from the Mars Corridor and pause some drilling operations. The U.S. National Hurricane Center reports a 50% chance of the disturbance developing into a cyclone. Shell's shares are up 0.93% at $69.36.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 1:59 pm

TMUS

T-Mobile has announced a public offering of senior notes to raise funds for general corporate purposes, including share repurchases and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:08 pm

MATW

Matthews International Corporation (NASDAQ: MATW) announced a proposed private offering of senior secured second lien notes due 2027. The company plans to amend its senior credit facility to secure these notes and use the proceeds to redeem its existing 5.25% senior notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:25 pm

LUCY

Innovative Eyewear, Inc. (Nasdaq: LUCY) announced the exercise of warrants for $2.6 million in gross proceeds. The warrants allow the purchase of 263,160 shares at $9.875 per share, slightly above the original exercise price. The transaction is expected to close around September 24, 2024, with H.C. Wainwright & Co. as the placement agent. Proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:24 pm

W

Wayfair has announced a $700 million senior secured notes offering due in 2029. The proceeds will be used to repay existing convertible notes and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:11 pm

HLNE

Hamilton Lane (NASDAQ:HLNE) has been added to the S&P MidCap 400, marking a significant growth milestone. The firm, with over $940 billion in assets under management, continues to expand its private markets investment solutions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:18 am

BHP

LZM

Lifezone Metals and BHP have started project financing for the Kabanga Nickel Project in Tanzania, with support from the US DFC. This project aims to boost Tanzania's economy and contribute to the global energy transition.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:45 am

FTS

Fortis Inc. (NYSE:FTS) is increasing its stake in Caribbean Utilities Company, Ltd. (TSX:CUP) through a $51M standby commitment for a rights offering. This move could boost Fortis' ownership in CUC to 62% if no other subscribers participate. The capital raised will fund CUC's energy projects and system upgrades.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:07 am

RIO

UEC

Uranium Energy Corp (UEC) has entered into an agreement to acquire Rio Tinto's Wyoming assets for $175 million. The assets include the Sweetwater Plant and uranium mining projects with 175 million pounds of resources. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:03 am