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SPGI

S&P Global Ratings comments on Boeing's recent shelf filing and supplemental credit facility, viewing them as steps towards a capital raise crucial for maintaining its credit rating. The company's recovery is contingent on resolving a strike.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:06 pm

C

Citigroup's CFO reports that consumer finances are generally healthy and resilient, but expresses caution about spending. Net credit losses and delinquencies are in line with expectations, though there is some softness in retail spending categories.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:29 pm

SEE

Sealed Air (NYSE:SEE) has been analyzed by six analysts, showing a range of ratings from bullish to indifferent. The average 12-month price target has decreased by 8.8% to $38.67. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Sealed Air's financial performance shows challenges in revenue growth and debt management, but strong return on equity.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 1:00 pm

MRC

MRC Global has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock from Mario Investments, LLC. To fund this repurchase, MRC Global is launching a $350 million Term Loan B financing with a seven-year term.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:21 am

GWRE

Guidewire Software plans to offer $500 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for strategic initiatives or debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:11 am

PNC

PNC Financial Services reported its Q3 financial results, with a net interest income of $3.41 billion and a provision for credit losses amounting to $243 million.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:38 am

BA

Boeing has secured a $10 billion supplemental credit agreement with major financial institutions including BofA, Citibank, Goldman Sachs, and JPMorgan. This move could provide Boeing with additional liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:29 am

BA

Boeing is facing significant financial challenges as a machinists' strike enters its second month, costing the company nearly $5 billion. The strike has led to a 4.22% drop in Boeing's stock price and a $4 billion decrease in market capitalization. The company is also dealing with production delays, regulatory scrutiny, and potential credit downgrades.

Portfolio Pulse from Kaustubh Bagalkote

October 15, 2024 | 10:26 am

MVIS

MicroVision has improved its financial position by securing a $75 million senior secured convertible note facility with High Trail Capital. This move is expected to provide the company with additional capital for growth and operations.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:04 am

FET

Forum Energy Technologies has announced the start of a backstopped private offering of $100 million in 5-year senior secured bonds. This move is likely aimed at raising capital for the company's operations or debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:50 pm