Streetbeat News

Credit

SPY

Fed's Bowman indicated that as inflation declines, the Federal Reserve will need to lower interest rates. The focus will be on how subcategories of inflation evolve.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:03 pm

RGS

Regis shares are trading higher after the company announced a new senior secured credit facility with TCW Asset Management to refinance its existing debt.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:40 am

SEM

Select Medical announced that Concentra Escrow Issuer has commenced an offering of $750 million senior notes due 2032. This is part of Select Medical's plan to separate Concentra.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:29 am

HASI

Hannon Armstrong Sustainable Infrastructure (HASI) has announced a private offering of $700 million in 6.375% green senior unsecured notes due 2034. The company estimates net proceeds of approximately $688 million from this offering.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:22 am

RGS

Regis Corporation has entered into a new senior secured credit facility with TCW Asset Management, which includes a $105 million term loan and a $25 million revolving credit facility. This move reduces Regis' outstanding debt by over $80 million and saves approximately $7 million in annual cash interest.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 10:36 am

SEE

Sealed Air Corporation announced the expiration of its cash tender offer for its 5.500% Senior Notes due 2025, which ended on June 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:05 am

TD

The Toronto-Dominion Bank has announced the pricing of a U.S. public offering of $750 million in 7.250% Fixed Rate Reset Limited Recourse Capital Notes, Series 4.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:04 am

WM

Waste Management has priced a public offering of $1.50 billion in senior notes, with $750 million due in 2027 and $750 million due in 2031. The proceeds will be used to repay borrowings under its commercial paper program and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:56 pm

SEDG

SolarEdge Technologies (SEDG) announced that PM&M Electric, a customer owing the company approximately $11.4 million under a secured promissory note, has filed for Chapter 7 bankruptcy. SolarEdge is monitoring the proceedings but cannot guarantee the outcome or timely collection of the owed amount.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:37 pm

HRZN

Horizon Technology Finance Corporation (NASDAQ:HRZN) has secured a new $100 million senior secured credit facility through its subsidiary, Horizon Funding II, LLC. This facility, led by a large U.S. insurance company, can be increased to $200 million. Horizon plans to use this facility to leverage existing investments and deploy additional capital for new investments.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:22 pm