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Credit

NNBR

NN, Inc. has announced a new asset-based lending (ABL) facility as part of its strategy to optimize its balance sheet. This move is aimed at improving the company's financial flexibility.

Portfolio Pulse from

January 02, 2025 | 9:30 pm

CVNA

Hindenburg Research has taken a short position in Carvana, alleging that the company's recent turnaround is unsustainable and based on unstable loans and accounting manipulation. The report also highlights concerns about the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II, Carvana's largest shareholder.

Portfolio Pulse from

January 02, 2025 | 7:00 pm

BIP

Brookfield Infrastructure Partners (BIP) is expected to see a 50% increase in capital investment over the next two quarters due to a $4 billion pipeline. The Midstream segment may improve in 2025 with new energy policies and increased natural gas reserves. However, investors should monitor BIP's rising net debt and leverage ratios.

Portfolio Pulse from

January 02, 2025 | 2:45 pm

LADR

Ladder Capital Corp has announced an $850 million revolving credit facility, replacing a previous $324 million facility. This new facility includes an option to increase borrowing up to $1.25 billion, aiming to reduce the company's cost of debt.

Portfolio Pulse from

January 02, 2025 | 1:45 pm

ARQ

Arq, Inc. has successfully closed a $30 million revolving credit facility with MidCap Financial. This facility will support Arq's operations and growth in producing environmentally efficient carbon products.

Portfolio Pulse from

January 02, 2025 | 1:15 pm

ATO

Atmos Energy has increased its dividend for the 41st consecutive year and plans to invest $24 billion in capital expenditures over the next five years. The company holds an A- credit rating from S&P with a stable outlook.

Portfolio Pulse from

January 02, 2025 | 12:45 pm

WRLGF

West Red Lake Gold Mines Ltd. has secured a US$35 million credit facility with Nebari Natural Resources Credit Fund II LP, with an initial drawdown of US$15 million completed.

Portfolio Pulse from

January 02, 2025 | 8:45 am

FLOT

FLOT, an ETF focused on floating rate bonds, has been downgraded from 'Buy' to 'Hold' due to its underperformance in easing interest rate environments, higher default risk, and tight credit spreads. Its low yield compared to short-term bond funds like TBUX makes it less appealing.

Portfolio Pulse from

January 02, 2025 | 3:45 am

VICI

VICI Properties has been affected by a rise in the U.S. 10-year yield, impacting its stock performance. Despite this, the company exceeded Q3 revenue expectations and holds a stable BBB- credit rating from S&P.

Portfolio Pulse from

January 01, 2025 | 12:45 pm