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CLMT

Calumet Specialty Products has announced a strategic transformation, highlighted by an $800 million DOE loan at zero percent interest for four years. This will aid in significant debt reduction and increase MRL production capacity, promising profit and cost benefits.

Portfolio Pulse from

January 15, 2025 | 11:15 pm

EVSM

Municipal bonds had a strong performance in 2024, and their credit quality remains robust. The outlook for 2025 is positive, but it's uncertain how they will compare to other fixed income categories.

Portfolio Pulse from

January 15, 2025 | 11:00 pm

RWT

Redwood Trust, Inc. has announced the pricing of a $90 million senior notes offering with a 9.125% interest rate, due in 2030. The company has also granted underwriters a 30-day option to purchase an additional $13.5 million in notes to cover over-allotments. The offering is expected to close on January 17, 2025.

Portfolio Pulse from

January 15, 2025 | 10:30 pm

SGRP

SPAR Group, Inc. has received an Amended and Restated Commitment Letter for its merger with Highwire Capital, extending the financing commitment termination date to February 15, 2025.

Portfolio Pulse from

January 15, 2025 | 10:15 pm

JBTC

JBT Bancorp, Inc. (OTCQX: JBTC) reported a 14.38% decrease in Q4 2024 earnings compared to Q4 2023, primarily due to a $482,000 increase in credit loss expense. Full-year earnings also declined by 3.05%.

Portfolio Pulse from

January 15, 2025 | 7:00 pm

FBND

The recent jobs report has led to market expectations of a single rate cut in 2025, prompting Wall Street brokerages to revise their rate forecasts.

Portfolio Pulse from

January 15, 2025 | 4:45 pm

AAPL

GS

Goldman Sachs CEO David Solomon indicated that the credit-card partnership with Apple might conclude before the contract's expiration in 2030.

Portfolio Pulse from

January 15, 2025 | 4:30 pm

YCBD

cbdMD, Inc. has announced that it has fully satisfied the accrued interest and principal on its Senior Secured Convertible Notes, indicating a positive financial position.

Portfolio Pulse from

January 15, 2025 | 3:45 pm

EGBN

Eagle Bancorp, Inc. successfully completed its exchange offer for its 10.00% Senior Notes due 2029, with 95% of the notes being tendered.

Portfolio Pulse from

January 15, 2025 | 3:45 pm

SFL

SFL Corporation Ltd. successfully placed $150 million in 5-year senior unsecured sustainability-linked bonds with a 7.75% annual coupon, maturing in 2030.

Portfolio Pulse from

January 15, 2025 | 3:15 pm