Streetbeat News

Credit

PWFL

Powerfleet has secured a $125 million loan from FirstRand Bank to fund its acquisition of Fleet Complete. This move is expected to enhance Powerfleet's capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:48 am

MODV

ModivCare has amended its credit agreement with JP Morgan Chase Bank and other lenders. Additionally, the company has successfully collected approximately $60 million in previously delayed contract receivables.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:04 am

ALK

Alaska Air Group has increased its senior secured notes offering to $1.25 billion from $750 million. The proceeds will be used to fund a reserve account, a collection account, and an intercompany loan to Alaska Airlines, which will repay debt from its merger with Hawaiian Airlines.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 6:58 am

FG

F&G Annuities & Life has announced a public offering of $500 million in 6.250% senior notes due in 2034. This move is likely aimed at raising capital for business operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:11 pm

TSNDF

TerrAscend Corp. (OTC:TSNDF) has completed a $26 million loan draw, finalizing its $140 million senior secured term loan. The funds are used to reduce high-interest debt in Michigan, improving the company's financial position. The loan matures in August 2028 with a 12.75% interest rate and no prepayment penalties.

Portfolio Pulse from Rolando García

October 01, 2024 | 9:02 pm

FERG

Ferguson has announced the pricing of a public offering of $750 million in 5.000% senior unsecured notes due in 2034. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:50 pm

DELL

Dell Technologies has filed for a two-part senior notes offering, though the size of the offering has not been disclosed. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:51 pm

SLE

Infinite Reality is set to acquire a 9.9% stake in Super League Enterprise (SLE) through a share exchange, with plans to secure an additional 75% stake. The deal includes a $20 million cash commitment and a potential $30 million credit facility.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:07 pm

NMG

Nouveau Monde Graphite has reported the payment of accrued interests related to a previously announced private placement. This financial update is part of their ongoing capital management strategy.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:27 am

MAIN

Main Street's subsidiary, MSCC Funding, has amended its revolving credit facility, increasing total commitments from $430 million to $600 million, with potential expansion up to $800 million.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:18 am