Streetbeat News

Assets

AQB

AquaBounty is selling its Rollo Bay farm operation and is actively seeking additional funding and strategic alternatives to secure its cash requirements in the coming months.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:13 pm

MTW

The Manitowoc Company, Inc. (NYSE:MTW) is proposing a $300 million offering of senior secured second lien notes due 2031. The proceeds will be used to redeem existing notes and for general corporate purposes. The offering is contingent on amending its credit facility.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:12 pm

APTO

Aptose Biosciences shares rose following the announcement of a $10 million loan agreement with Hanmi Pharmaceutical Co.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:10 pm

GAME

FaZe Media, a subsidiary of GameSquare Holdings, Inc. (NASDAQ:GAME), has announced a significant multi-year, multi-million-dollar sponsorship and licensing deal with G FUEL. This partnership includes an equity component for FaZe Media and is one of the largest transactions in GameSquare's history, contributing to predictable revenue growth.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:09 pm

RIG

Transocean's unit has entered agreements to sell the Development Driller III and Discoverer Inspiration, along with related assets, for a total of $342 million. The company expects a non-cash charge of $630M-$645M in Q3 2024 due to these sales.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:03 pm

NCLH

Norwegian Cruise Line's subsidiary, NCL Corporation, plans to sell $315 million in senior notes due 2030 through a private offering. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:36 am

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