Streetbeat News

Credit

SNDA

Sonida Senior Living's Q4 earnings reveal challenges in growth due to high debt and share dilution. Despite revenue growth and increased EBITDA, free cash flow worsened, and profitability improvements are not as strong as they appear.

Portfolio Pulse from

March 18, 2025 | 2:15 pm

PFN

PFN has reduced its leverage from 23% to 7.7% and shifted its portfolio towards mortgages, treasuries, and emerging market bonds, reducing high yield exposure to 19%. This conservative strategy aims to limit drawdowns and maintain a premium to NAV during potential market downturns.

Portfolio Pulse from

March 18, 2025 | 1:00 pm

LHX

L3Harris Technologies' buy rating is reaffirmed despite a recent price dip. The company shows strong profitability growth, free cash flow for dividend growth, new contract wins, and low leverage risk. It remains a top player in the defense/aerospace sector.

Portfolio Pulse from

March 18, 2025 | 12:45 pm

CADE

Cadence Bank's stock has declined by 15.5% in 2025, but it remains a 'buy' due to strong financial performance and strategic debt reduction. The bank's deposits increased to $40.50 billion, and debt was significantly reduced from $4.39 billion in 2023 to $34.3 million in 2024. Net interest income rose to $1.37 billion in 2024.

Portfolio Pulse from

March 18, 2025 | 12:15 pm

PODD

Insulet Corporation plans to offer $450 million in senior unsecured notes due 2033 in a private placement. The proceeds will be used alongside cash on hand for unspecified purposes.

Portfolio Pulse from

March 18, 2025 | 11:45 am

VNET

VNET Group, Inc. has successfully closed its offering of $430 million in convertible senior notes due 2030, with an interest rate of 2.50% per annum.

Portfolio Pulse from

March 18, 2025 | 11:45 am

RDN

Radian Group Inc. has issued a $1 million credit line to the Philadelphia Accelerator Fund to support affordable housing development in Philadelphia.

Portfolio Pulse from

March 18, 2025 | 11:45 am

PODD

Insulet Corporation plans to offer $450 million in senior unsecured notes due 2033 in a private placement. The proceeds will be used alongside cash on hand for unspecified purposes.

Portfolio Pulse from

March 18, 2025 | 11:45 am

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, focusing on credit quality, regulatory compliance, and strategic risk management.

Portfolio Pulse from

March 18, 2025 | 11:30 am