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AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) is in confidential talks with lenders to reduce its debt and extend near-term maturities. The company has over $2.8 billion in maturities due in 2026. AMC has also raised $250 million through a recent equity offering. The stock has been volatile due to renewed interest in meme stocks, partly driven by GameStop Corp (NYSE:GME) trader Keith Gill. Additionally, AMC may be benefiting from the success of 'Inside Out 2' at the box office.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 1:26 pm

WM

Waste Management has filed for an offering of senior notes due in 2027 and 2031, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:00 pm

CG

SPY

David Rubenstein, Co-Founder of Carlyle Group, stated that the Federal Reserve is unlikely to cut interest rates before the upcoming elections. He also mentioned that the U.S. economy is performing well and is expected to grow by 2.5% this year.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:56 pm

PMTS

CPI Card Group Inc. (NASDAQ: PMTS) announced a private offering of $285 million in senior secured notes due 2029. The proceeds will be used to redeem existing 8.625% senior secured notes due 2026 and cover related expenses. The offering is subject to market conditions and will be available to qualified institutional buyers.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:37 am

HTGC

NEUE

Neuehealth has entered into a secured loan facility for up to $150 million with Hercules Capital. This agreement is expected to provide Neuehealth with the necessary capital to expand its operations and enhance its financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:07 am

IBM

IBM has extended the maturities of its $2.5 billion three-year credit agreement and $7.5 billion five-year credit agreement, as per an 8-K filing.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 8:07 pm

AMC

AMC Entertainment Holdings, Inc. has initiated discussions with its lenders to reduce its debt and extend the maturities of its obligations. This move is aimed at improving the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 7:53 pm

GLD

SPY

Bank of America predicts the first rate cut in December, with a 'higher-for-longer' rates environment. The bank expects a gradual economic slowdown and persistent inflation, with the S&P 500 ending the year slightly lower and gold prices rising.

Portfolio Pulse from Piero Cingari

June 21, 2024 | 2:25 pm

HTZ

Hertz Global Holdings, Inc (NASDAQ:HTZ) shares are trading lower premarket after the company announced the upsize and pricing of a $1 billion offering. The offering includes $750 million of First Lien Senior Secured Notes and $250 million of exchangeable senior second-Lien Secured PIK Notes. The proceeds will be used to pay down a portion of its $2.0 billion revolving credit facility.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 1:20 pm

SPG

Forever 21 is seeking rent concessions as it faces financial struggles. This move indicates the fast fashion brand's ongoing financial woes and could impact its landlords, including Simon Property Group (SPG).

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:52 pm