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Assets

DTIL

Precision BioSciences has secured $13 million from the maturity of a convertible note with Imugene, as part of the Azer-cel deal. This includes $9.75 million in cash and $3.25 million in Imugene shares, extending Precision's cash runway into the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:27 am

DRVN

Driven Brands has sold its Canadian distribution unit to PGW Auto Glass, with plans to use the proceeds for debt reduction. The sale is expected to have minimal impact on the company's fiscal year 2024 outlook.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:23 am

JAZZ

Jazz Pharmaceuticals plans to offer $850M in exchangeable senior notes due 2030 and repurchase up to $150M of its ordinary shares. Proceeds will be used to prepay $350M of term loans and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:02 am

AUMN

Golden Minerals is planning to sell its El Quevar silver project to address liquidity challenges and realign its strategic focus.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:52 am

STNG

Scorpio Tankers Inc. (NYSE:STNG) announced the sale of two vessels for $85 million and a new three-year charter deal for another vessel. The sales are expected to close in Q4 2024, and the charter deal will start in Q3 or Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:52 am

EIPI

EIPX

TTE

TotalEnergies SE has formed a joint venture with Adani Green Energy Limited to develop a solar portfolio in India, investing $444 million. This move aligns with TotalEnergies' goal to expand its renewable energy capacity. The transaction awaits regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 9:51 am

TATT

TAT Technologies Ltd. has secured $10 million through a private placement with Israeli investors, issuing 673,340 Ordinary Shares. The funds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:16 am

GLNG

Golar LNG Limited is planning investor meetings for a potential 5-year bond issue, with proceeds aimed at capital expenditure, debt refinancing, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:13 am

CRH

CRH plc has completed the final phase of its $1.1 billion sale of lime operations in Europe, marking a significant divestment for the company.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:10 am

BHP

BHP Xplor has opened applications for its 2025 cohort, offering $500K in equity-free funding to early-stage explorers focused on critical mineral exploration. The program aims to foster long-term relationships and partnerships with BHP.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:59 am