Streetbeat News

Assets

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

BLK

MSFT

BlackRock, Global Infrastructure Partners, Microsoft, and MGX have announced a new AI partnership aimed at unlocking $30 billion of private equity capital over time.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:26 pm

MOND

Mondee has secured a $15M letter of credit from Morgan Stanley, extending its term loan maturity to June 30, 2028, and its preferred equity put option to December 31, 2028. This provides Mondee with at least $20M in working capital to support growth.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:20 pm

BAC

Bank of America plans to redeem all $2 billion of its 0.981% fixed/floating rate senior notes on September 25, 2024, which were originally due in September 2025.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:17 pm

BTCUSD

A Bitcoin whale has sold 200 BTC for $11.6 million, while still holding 2,800 BTC worth $164.4 million. With Bitcoin reclaiming $60,000, traders predict a potential bull run. The cyclical nature of Bitcoin suggests no bearish trends until Q4 2025.

Portfolio Pulse from Khyathi Dalal

September 17, 2024 | 8:07 pm

ARKO

ARKO is planning to divest its convenience store operations in a deal potentially worth $2 billion, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:43 pm