Streetbeat News

Credit

GTLL

Global Blue Group Holding AG has announced a repricing of its term loan and revolving credit facility due to strong financial performance, including double-digit growth in revenue and profitability, and a reduction in net leverage.

Portfolio Pulse from

December 09, 2024 | 11:30 am

KBDC

Kayne Anderson BDC (KBDC) is highlighted as a defensive business development company offering a 9.6% yield with strong dividend coverage and low non-accruals. Its diversified portfolio focuses on first-lien senior secured debt, ensuring high repayment priority. Despite interest rate sensitivity, its dividend coverage is robust unless rates drop significantly, which is unlikely soon.

Portfolio Pulse from

December 08, 2024 | 6:30 am

SPHY

SPHY offers a 7.5% yield to maturity with a low expense ratio, but tight credit spreads and compressed yields suggest a neutral risk/reward scenario. Despite a bullish technical outlook and historical January gains, a hold rating is maintained.

Portfolio Pulse from

December 07, 2024 | 4:30 am

BILL

BILL Holdings, Inc. has successfully closed its offering of $1.4 billion in 0% Convertible Senior Notes due 2030, including the full exercise of a $150 million option by initial purchasers.

Portfolio Pulse from

December 06, 2024 | 10:30 pm

IREN

IREN Limited has successfully closed a $440 million convertible notes offering, issuing 3.25% senior notes due 2030 to qualified institutional buyers.

Portfolio Pulse from

December 06, 2024 | 9:30 pm

DTM

DT Midstream, Inc. has successfully closed its offering of $650 million in 5.800% Senior Secured Notes due 2034. The notes are secured by a first priority lien on certain assets of the company and its subsidiaries.

Portfolio Pulse from

December 06, 2024 | 9:15 pm

MTTRF

Mattr Corp. corrected a previous press release regarding the yield to maturity on its Subscription Receipts, adjusting it from 6.375% to 6.735%.

Portfolio Pulse from

December 06, 2024 | 7:45 pm

TRIN

The private credit market is gaining traction as investors and institutions look for alternative income streams. With traditional bank lending subdued and companies staying private longer, private credit offers lucrative opportunities.

Portfolio Pulse from

December 06, 2024 | 7:30 pm

CVS

CVS Health Corporation has announced the pricing details for its cash tender offer for its 4.100% Senior Notes due 2025. This move is part of the company's financial strategy to manage its debt obligations.

Portfolio Pulse from

December 06, 2024 | 7:30 pm

GBNXF

Gibson Energy, a Canadian oil infrastructure company, is offering a 6.4% dividend yield supported by strong distributable cash flow and a low payout ratio. The company's financial health has improved due to strategic acquisitions and debt refinancing.

Portfolio Pulse from

December 06, 2024 | 3:45 pm