Streetbeat News

Credit

BNZI

Banzai has announced a $24.8 million debt payoff and restructuring agreements, which include insider participation. This move reduces the company's debt burden and extends the maturity of its obligations to 2027.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:35 pm

SRCL

WM

Waste Management, Inc. (WM) announced successful early tender results for its private exchange offer and consent solicitation for Stericycle's $500M Senior Notes due 2029. The consents will amend the notes to eliminate most restrictive covenants.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:19 pm

PEB

Pebblebrook Hotel Trust has announced the pricing of a private placement of $400 million in senior notes with a 6.375% interest rate, due in 2029. This move is likely aimed at refinancing existing debt or funding new investments.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:17 am

GFL

GFL Environmental is set to participate in a $210 million offering of Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds. This move is part of their financial strategy.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:34 am

FXI

SPY

The Governor of China's Central Bank announced that the Medium Term Lending Rate and Lending Prime Rate will be reduced further. This move is likely aimed at stimulating economic growth by making borrowing cheaper.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 9:26 am

GS

JEF

OPRT

Oportun has secured a $306 million financing extension with Goldman Sachs and Jefferies, enhancing its long-term warehouse facility. This extension supports Oportun's growth by leveraging its unsecured and secured personal loan originations.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:18 am

FAF

First American Financial Corporation (NYSE: FAF) announced a $450 million senior notes offering at 5.450% due 2034. The proceeds will be used to repay existing debt and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:14 am

TMUS

T-Mobile US, Inc. plans to raise $2.5 billion through a senior notes offering, with proceeds potentially used for share repurchases, dividends, and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:10 am

NMFC

New Mountain Finance Corporation (NASDAQ:NMFC) announced a $300 million secondary offering of 6.200% unsecured notes due 2027. The notes will mature on October 15, 2027, and can be redeemed early with a premium. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:07 am

GS

JPM

SCHW

TMUS

W

Following the Fed's rate cut, companies like Wayfair and T-Mobile are rushing to the bond markets to raise funds. Wayfair plans to issue $700 million in secured notes to repay debt, while T-Mobile is among 10 high-grade issuers seeking to raise $20-25 billion in the junk-bond market. The rate cut has lowered yields, making borrowing more attractive.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 11:08 pm