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PZG

Paramount Gold Nevada Corp. has raised concerns about its ability to continue as a going concern, citing potential operational delays or reductions if additional funds are not secured.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:29 pm

RGF

The Real Good Food Company shares rose following the announcement of a $60 million debt refinancing deal with PMC Financial Services and Emblem Investment Fund.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:14 pm

RGF

The Real Good Food Company (NASDAQ:RGF) has secured a $60 million term loan from Emblem Investments and PMC Financial Services. This refinancing will enhance liquidity, support manufacturing expansion, and drive long-term growth. Emblem also received 19.99% equity in the form of Class C Units.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:11 pm

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Citigroup and Apollo Global Management have partnered to create a $25 billion private credit program, enhancing corporate lending access. The program will start in North America and may expand globally, involving Mubadala Investment Company and Apollo's subsidiary, Athene.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 5:06 pm

CNTM

ConnectM Technologies has completed a $6.2 million debt-to-equity conversion, eliminating $13.7 million in total debt and reducing net interest expenses by over $2 million. This financial restructuring has positively impacted the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:23 pm

SPY

The Federal Reserve's Michael Barr stated that the Fed views the discount window as a normal funding source and believes banks should use it when appropriate.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:55 pm

SPY

U.S. Treasury Secretary Janet Yellen indicated in a CNBC interview that there is an expectation within the Federal Reserve that interest rates will decrease over time, eventually reaching a neutral level.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:22 pm

SPY

U.S. Treasury Secretary Yellen discussed efforts to improve liquidity and access to the Fed's discount window, while noting that guaranteed deposits are a congressional issue. She indicated that the labor market and inflation trends suggest a soft landing, with housing being a key inflation factor.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:20 pm

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U.S. Treasury Secretary Janet Yellen stated in a CNBC interview that the U.S. banking system is well-capitalized, suggesting stability and resilience in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:18 pm

SPY

Federal Reserve Governor Michelle Bowman expressed concerns about potential unintended consequences of forcing banks to use the discount window or hold collateral there. This could impact the banking sector and broader financial markets.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:43 pm