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FAF

First American Financial Corporation (NYSE: FAF) announced a $450 million senior notes offering at 5.450% due 2034. The proceeds will be used to repay existing debt and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:14 am

TMUS

T-Mobile US, Inc. plans to raise $2.5 billion through a senior notes offering, with proceeds potentially used for share repurchases, dividends, and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:10 am

NMFC

New Mountain Finance Corporation (NASDAQ:NMFC) announced a $300 million secondary offering of 6.200% unsecured notes due 2027. The notes will mature on October 15, 2027, and can be redeemed early with a premium. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:07 am

GS

JPM

SCHW

TMUS

W

Following the Fed's rate cut, companies like Wayfair and T-Mobile are rushing to the bond markets to raise funds. Wayfair plans to issue $700 million in secured notes to repay debt, while T-Mobile is among 10 high-grade issuers seeking to raise $20-25 billion in the junk-bond market. The rate cut has lowered yields, making borrowing more attractive.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 11:08 pm

TLT

Chicago Federal Reserve President Austan Goolsbee indicated potential interest rate cuts over the next year due to rising unemployment, signaling a shift from inflation to labor market focus. The iShares 20+ Year Treasury Bond ETF (TLT) fell 0.2% as U.S. Treasury bonds edged lower.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 10:54 pm

INVH

Invitation Homes has announced a public offering of $500 million in senior notes with a 4.875% interest rate, maturing in 2035. The notes are priced at 98.855% of the principal amount and are expected to close on September 26, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:48 pm

SPG

Simon Property Group's operating partnership is set to sell $1 billion in 4.750% notes due 2034. The proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:36 pm

GROV

Grove Collaborative has received a $15 million investment from Volition Capital, increasing Volition's total investment to $25 million. Grove plans to use part of this investment to pay off $30 million of its outstanding term debt.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:27 pm

EDUC

Educational Development Corporation (EDC) has announced a sale and leaseback agreement for its headquarters and warehouse facility, the Hilti Complex, for $38.25 million. The proceeds will be used to pay off existing loans. EDC will continue to occupy the space under a new lease agreement.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:02 pm

BAC

SPY

Bank of America CEO Brian Moynihan expressed support for the US Federal Reserve's decision to cut interest rates, describing it as a positive initial step. This statement was made during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 6:21 pm