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GECC

Great Elm Capital Corp. (NASDAQ:GECC) has announced an underwritten public offering of unsecured notes due 2029, expected to trade under the symbol 'GECCH' on Nasdaq. The proceeds will be used to redeem existing 6.75% notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:41 pm

VGK

The Euro Zone's Marginal Lending Facility Rate has been reduced from 4.50% to 3.90%. This change in interest rates could impact European markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:17 pm

IEV

SPY

The European Central Bank (ECB) is expected to initiate global rate cuts, potentially influencing the U.S. Federal Reserve and other central banks. This move is anticipated to increase market volatility, with LPL Financial maintaining a neutral stance on equities. The SPDR S&P 500 ETF Trust (SPY) and iShares Europe ETF (IEV) showed slight gains in recent trading.

Portfolio Pulse from Shanthi Rexaline

September 12, 2024 | 8:54 am

ACI

KR

Kroger has extended the deadline for exchange offers and consent solicitations on Albertsons notes to September 17, 2024. This move is part of Kroger's ongoing efforts related to its dealings with Albertsons.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:09 am

OWLT

Owlet has priced a public offering of 3,135,136 shares at $3.70 each and completed debt refinancing, expecting total proceeds of up to $46.6 million. The company anticipates $11.6 million from the public offering and up to $35 million from debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:00 am

LOVE

Lovesac (NASDAQ:LOVE) is set to release its Q2 earnings on Sept. 12, with analysts expecting a loss of 44 cents per share. The company recently extended its credit facility and authorized a $40 million share repurchase. Analysts have mixed ratings, with price targets ranging from $32 to $36.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 6:56 am

AAPL

MSFT

NVDA

OpenAI is reportedly in talks to raise $6.5 billion in equity financing, potentially increasing its valuation to $150 billion. Thrive Capital is expected to lead the round, with potential investments from Microsoft, Apple, and Nvidia. Microsoft has already invested $13 billion in OpenAI, facing EU antitrust scrutiny. OpenAI is also negotiating a $5 billion credit line to support computing power and operational expenses.

Portfolio Pulse from Ananya Gairola

September 12, 2024 | 3:33 am

VSAT

Viasat's subsidiaries have increased and priced an offering of $1.975 billion in 9.000% senior secured notes due in 2029. This move is likely aimed at raising capital for strategic initiatives or debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:16 pm

NB

NioCorp has established a new $2 million non-revolving credit facility to aid in securing project financing for its critical minerals project in Southeast Nebraska and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:52 pm

INSG

Inseego has made significant strides in reducing its debt by paying down $9.5 million, which is 49% of its short-term loan. Additionally, the company has signed an agreement to exchange $5 million of convertible notes into long-term debt and equity, effectively reducing its 2025 convertible notes by 91%.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:07 pm