Streetbeat News

Assets

GNL

Global Net Lease has announced the sale of two properties: The Plant Shopping Center in San Jose, California for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, UK for over $27 million.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:02 am

BFST

Business First Bancshares' merger with Oakwood Bancshares has been approved, expanding b1BANK's presence in Texas with five new branches. The merger will increase b1BANK's assets to $7.6 billion and is expected to complete by October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:26 am

STWD

Starwood Property Trust has announced a public offering of 17.5 million common shares, aiming to raise $345.1 million. The proceeds will be used for originating and purchasing commercial mortgage loans, other investments, and potentially repaying outstanding debts.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:39 am

GIB

CGI is issuing C$750 million in senior unsecured notes, with C$300 million in 3-year notes at 3.987% interest and C$450 million in 5-year notes at 4.147% interest.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:26 am

JAZZ

Jazz Pharmaceuticals has announced an $850 million senior notes offering and a share buyback strategy. The notes will accrue interest at 3.125% per year and mature on September 15, 2030.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:04 am

GPOR

Gulfport Energy has announced the pricing of an upsized offering of $650 million in 6.75% senior notes due 2029, increased from the previously announced $500 million, in a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 9:22 pm

AGG

IVV

QQQ

TLT

VGT

VOO

VTI

In August 2024, U.S. ETFs attracted $75 billion, significantly boosting year-to-date inflows to over $600 billion. This surge is driven by increased interest in equity, bond, and small-cap ETFs, as investors anticipate Federal Reserve rate cuts. The ETF market is nearing a $10 trillion valuation, with passive ETFs dominating. Notable ETFs with high inflows include Vanguard S&P 500 ETF (VOO), Vanguard Information Tech ETF (VGT), and iShares 20+ Year Treasury Bond ETF (TLT).

Portfolio Pulse from Piero Cingari

September 03, 2024 | 9:10 pm

HR

Healthcare Realty Trust has expanded its joint venture with Nuveen, aiming to generate over $1 billion in capital. The new 80/20 joint venture has secured financing for 40% of its contribution value, bringing the total value of joint ventures with Nuveen to over $600 million.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 9:02 pm

BAX

Baxter's Senior VP and Chief Accounting Officer, Brian Stevens, has resigned. Joel Grade, the current CFO, will take over as Chief Accounting Officer on an interim basis.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:51 pm

MGM

MGM Resorts has increased its public offering of senior notes from $675 million to $850 million, with a 6.125% interest rate due in 2029. The transaction is expected to close on September 17, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:19 pm