Streetbeat News

Assets

CION

GCMG

CION Investments and GCM Grosvenor have partnered to improve investor access to private market assets. This collaboration aims to leverage both firms' expertise to provide enhanced investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:21 pm

MSTR

MicroStrategy is raising $875 million through convertible notes to redeem $500 million in senior secured notes and purchase more Bitcoin. The offering, due in 2028, will provide flexibility to noteholders and is part of the company's strategy to increase its Bitcoin holdings.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 1:20 pm

PGY

Pagaya has successfully closed a $500 million consumer loan asset-backed securities (ABS) deal, marking its second AAA-rated securitization of 2024. This brings its total raised to $4.4 billion this year, solidifying its position as a leading personal loan ABS issuer in the U.S.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:35 pm

AAPL

HNHPF

NIO

TSLA

Sharp and Foxconn have unveiled an innovative electric vehicle prototype, the LDK+, at Sharp Tech-Day in Tokyo. This collaboration marks Foxconn's strategic entry into the EV market, diversifying from its role as a key Apple supplier. The LDK+ features a room-like interior and advanced AI technology, highlighting the growing importance of personal space in vehicles. Foxconn's investment in Vietnam for EV parts production further underscores its commitment to becoming a major player in the EV industry.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 12:22 pm

PROC

Procaps Group has announced updates on its financial restructuring, including $209 million in forbearance agreements and a $5 million shareholder investment. These efforts are part of ongoing strategies to stabilize the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:18 pm

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