Streetbeat News

Assets

SAGE

Sage Therapeutics has filed for a mixed shelf offering, though the size of the offering has not been disclosed. This move could indicate the company's intention to raise capital for future projects or operations.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 10:37 am

CNI

Canadian National Railway (CNI) announced a $750 million debt offering with 4.375% notes due in 2034. The proceeds will be used for general corporate purposes, including debt refinancing, share repurchases, and acquisitions.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:25 am

RCL

Royal Caribbean has priced an upsized offering of $1.5 billion in 5.625% senior unsecured notes due 2031. The proceeds will be used to refinance existing debt, including redeeming 7.250% senior notes due 2030 and repaying obligations under the Silver Dawn finance lease.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:18 am

DRMA

Dermata Therapeutics has raised $3.5 million through a private placement by offering 1.9 million shares and warrants. The funds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:07 am

UPST

Upstart has announced the pricing of an upsized offering of $375 million in 2.00% convertible senior notes due in 2029. These notes are senior, unsecured obligations and will mature on October 1, 2029, with interest payable semi-annually starting April 1, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:09 am

MSTR

MicroStrategy's stock fell after announcing a $700 million convertible senior notes offering, with plans to use proceeds for debt redemption and Bitcoin purchases. Canaccord Genuity maintained a Buy rating but lowered the price target.

Portfolio Pulse from Erica Kollmann

September 16, 2024 | 9:32 pm

BOX

Box, Inc shares are declining following the announcement of a $400 million private offering of convertible senior notes due 2029, with an additional $60 million option.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:25 pm

SHEL

XCHG

Shell Plc has reported an 8.4% passive stake in XCHG as of September 9, 2024, according to a filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:23 pm

AIV

APO

Apartment Investment and Management Company (Aimco) has secured $56 million in preferred equity from Sixth Street and $172 million in senior construction financing from Apollo for a luxury waterfront rental development in Miami. Aimco will develop and manage the 38-story tower, which will feature 114 luxury units and retail space.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:22 pm

BAC

Bank of America is set to redeem $1.75 billion of its 3.093% Fixed/Floating Rate Senior Notes due October 2025 on October 1, 2024. The redemption will be at 100% of the principal amount plus accrued interest.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:18 pm