Streetbeat News

Assets

MSTR

MicroStrategy has announced the pricing of its $875 million convertible senior notes due 2028, upsized from the initial $700 million. The offering is aimed at qualified institutional buyers and is expected to close on September 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:13 pm

OPAL

OPAL Fuels Inc. has sold approximately $11.1 million of Inflation Reduction Act investment tax credits to a subsidiary of Apollo Global Management. This transaction is related to the Emerald RNG facility, a joint venture 50% owned by OPAL Fuels.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:12 pm

GOLD

Barrick Gold (NYSE:GOLD) projects a 30% growth in gold-equivalent ounces by 2030, driven by its existing assets and strategic expansion in gold and copper. CEO Mark Bristow highlights the company's undervaluation and strong financial position, emphasizing organic growth over M&A.

Portfolio Pulse from Stjepan Kalinic

September 18, 2024 | 10:53 am

RUN

Sunrun has priced $365 million in securitized solar and battery leases, marking its third issuance of 2024. This move is part of Sunrun's strategy to finance its solar and battery installations.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:12 am

LH

Labcorp Holdings Inc. has announced a $2 billion senior notes offering through its subsidiary, Laboratory Corporation of America Holdings. The offering is divided into three tranches with maturities in 2030, 2032, and 2034.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:33 am

AL

Air Lease Corporation has announced a $300 million offering of 6.00% Fixed-Rate Reset Preferred Stock, Series D. The proceeds will be used to redeem its 6.15% Series A Preferred Stock and for general corporate purposes, including aircraft purchases and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:31 am

BOX

Box Inc. has announced a $400 million offering of convertible notes with a 1.50% interest rate and a 30% conversion premium. The company plans to use the proceeds for capped call transactions, repurchasing existing notes, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 5:56 am

SON

Sonoco Products has announced the pricing of its senior unsecured notes offering, totaling $1.8 billion. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 10:01 pm

BNO

USO

The American Petroleum Institute (API) reported a crude oil stock build of 1.96 million barrels, contrary to the expected draw of 100,000 barrels. This unexpected increase in crude oil inventory could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:42 pm

BLK

BlackRock has announced a new AI partnership aimed at mobilizing up to $100 billion in total investment potential, including debt financing. This move highlights BlackRock's commitment to leveraging AI in its investment strategies.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:27 pm