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Credit

VRT

Vertiv has successfully completed the repricing of its $2.1 billion Term Loan, reducing the interest rate by 25 basis points, which will save approximately $5 million annually.

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December 13, 2024 | 3:45 pm

EMRAF

Emera Incorporated has announced an exchange offer for $500 million of its 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054, issued by its subsidiary EUSHI Finance, Inc.

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December 13, 2024 | 3:00 pm

AFRM

Affirm Holdings has secured a $4 billion loan deal with private credit firm Sixth Street, marking its largest-ever capital commitment.

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December 13, 2024 | 2:00 pm

AIG

American International Group, Inc. (AIG) has announced the results of its tender offers for certain outstanding notes, increasing the maximum purchase consideration from $750 million to $1.16 billion.

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December 13, 2024 | 1:45 pm

BWIN

The Baldwin Group (NASDAQ: BWIN) announced a successful repricing of its $837.9 million term loan facility and the pricing of a $100 million incremental Term Loan B add-on. This move is expected to improve the company's financial flexibility.

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December 13, 2024 | 1:45 pm

HTZ

Hertz Global Holdings, Inc. announced it has received the necessary consents to amend provisions of its 12.625% First Lien Senior Secured Notes and 8.000% Exchangeable Senior Second-Lien PIK Notes, both due in 2029. This marks the expiration of its consent solicitations.

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December 13, 2024 | 1:15 pm

SLNH

Soluna Holdings, Inc. (NASDAQ: SLNH) has successfully completed the final conversion and payoff of its outstanding convertible notes, eliminating this debt from its balance sheet. This was achieved through a one-time reprice of the conversion price.

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December 13, 2024 | 1:00 pm

UNP

Union Pacific's Q3 results show increased operating revenue and EPS, along with an improved debt-to-EBITDA ratio, indicating strong financial health. Railroads remain vital to the U.S. economy, making Union Pacific a potentially attractive investment.

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December 13, 2024 | 12:45 pm

MTSI

MACOM Technology Solutions Holdings, Inc. has refinanced approximately 65% of its existing convertible notes with new notes at a 0% coupon and a 27.5% conversion premium. This move involves privately negotiated exchange and subscription agreements with a limited number of holders of its 0.25% convertible senior notes due 2026.

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December 13, 2024 | 12:15 pm

CLSK

CleanSpark, Inc. has announced the pricing of a $550 million offering of 0.00% Convertible Senior Notes due 2030. The notes will be sold to qualified institutional buyers in a private offering.

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December 13, 2024 | 12:15 pm