Streetbeat News

Credit

AIG

American International Group, Inc. (AIG) has initiated cash tender offers to purchase certain outstanding notes, with a total consideration of up to $750 million.

Portfolio Pulse from

December 06, 2024 | 2:30 pm

BCS

Barclays has lost its decade-long partnership with American Airlines for co-branded credit cards, which has now been taken over by Citi through a new ten-year agreement.

Portfolio Pulse from

December 06, 2024 | 2:30 pm

MYNA

Mynaric AG is negotiating with its primary lender for further funding, contingent on a financial reorganization under StaRUG, and has postponed its upcoming AGM.

Portfolio Pulse from

December 06, 2024 | 1:45 pm

ACI

KR

Kroger has extended the expiration date for its exchange offers and consent solicitations for Albertsons Companies' notes, involving a significant amount of new notes and cash.

Portfolio Pulse from

December 06, 2024 | 1:45 pm

HYIN

The article discusses the strong performance of traditional credit sources in 2024 and anticipates a favorable environment for credit in 2025 due to expected interest rate cuts by the Federal Reserve. It highlights HYIN as a potential beneficiary in the alternative credit space.

Portfolio Pulse from

December 06, 2024 | 1:30 pm

MATR

Mattr Corp. has announced a private placement offering of 125,000 debt subscription receipts, priced at $1,018.75 each, with a yield to maturity of 6.375%. The offering is expected to raise approximately $129.3 million. Upon meeting certain conditions, these receipts will convert into 7.25% senior unsecured notes due in 2031.

Portfolio Pulse from

December 06, 2024 | 12:45 pm

ITUB

Itaú Unibanco's Q3 results highlight strong operational performance with credit growth and declining delinquency rates, despite missing market expectations. The bank's resilience in Brazil's challenging economic environment is supported by robust credit portfolios and financial margins. ITUB's capital reserves and strategic dividend distributions suggest an attractive dividend yield and improved ROE.

Portfolio Pulse from

December 06, 2024 | 10:45 am

UNCFF

UniCredit may enhance its acquisition proposal for Banco BPM by adding a cash component to its all-stock offer. This move could be part of a broader M&A strategy, as UniCredit is more sensitive to interest rate changes due to its limited presence in asset management and bancassurance.

Portfolio Pulse from

December 06, 2024 | 6:30 am

BEPC

Brookfield Renewable is set to issue C$200 million in Green Subordinated Hybrid Notes. The prospectus and related documents will be available on SEDAR+ within two business days.

Portfolio Pulse from

December 06, 2024 | 4:45 am