Streetbeat News

Credit

ABXXF

Abaxx Technologies Inc. announced a C$20 million convertible debenture offering to raise funds through a non-brokered private placement. The debentures are secured and due in 36 months.

Portfolio Pulse from

March 17, 2025 | 8:45 pm

ACR

ACRES Commercial Realty Corp. (NYSE: ACR) has redeemed its 2021-FL1 and 2021-FL2 CRE securitizations and closed a $940 million managed facility backed by commercial mortgage loans, reducing its JP Morgan warehouse facility balance to zero.

Portfolio Pulse from

March 17, 2025 | 8:30 pm

CTRE

CareTrust REIT, Inc. has been upgraded from Hold to Buy due to strong financial performance, robust FFO growth, significant acquisitions, and a solid balance sheet. The company's low net debt-to-EBITDA ratio and ample liquidity support its acquisition strategy and dividend growth.

Portfolio Pulse from

March 17, 2025 | 7:00 pm

SWX

Southwest Gas (SWX) is recommended for investment due to its growth prospects, improved debt management, and potential to enhance shareholder value.

Portfolio Pulse from

March 17, 2025 | 4:00 pm

TMMI

TMM, Inc. has raised $500,000 from principal shareholders through low-interest loans to support new venture opportunities.

Portfolio Pulse from

March 17, 2025 | 3:15 pm

AMTB

Amerant Bank has appointed Jeffrey K. Tischler as SEVP and Chief Credit Officer. Tischler will oversee Credit Services, Portfolio Management, and Credit Risk functions, ensuring strong credit quality and regulatory compliance.

Portfolio Pulse from

March 17, 2025 | 1:30 pm

CIZN

Peregrine Energy Solutions has secured a $53 million preferred equity commitment from Bildmore Clean Energy and $115 million in debt facilities from First Citizens Bank and Nomura Securities International for a 150MW battery energy storage project.

Portfolio Pulse from

March 17, 2025 | 1:30 pm

ESGR

Enstar Group Limited announced the expiration and results of its cash tender offer for its 5.750% Fixed-Rate Reset Junior Subordinated Notes due 2040.

Portfolio Pulse from

March 17, 2025 | 1:15 pm