Streetbeat News

Credit

HAE

Haemonetics Corporation announced a $525 million offering of convertible senior notes. The proceeds will be used for general corporate purposes, including potential acquisitions and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:41 pm

NET

Cloudflare has entered into a credit agreement for a $400 million senior secured revolving loan facility, which includes a $30 million sublimit for letters of credit and swingline borrowings. The agreement also provides an option to increase commitments by up to $150 million.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:37 pm

IVA

Inventiva reported its financial results for Q1 2024, showing cash and cash equivalents of €11.0 million as of March 31, 2024. The company used €29.4 million in operating activities and €10.3 million in investing activities. Financing activities generated €23.7 million, mainly due to a €25 million loan from the European Investment Bank. Inventiva's R&D expenses increased by 82% due to clinical trials. The company has enough funds to operate until early Q3 2024 but faces material uncertainty regarding its ability to continue as a going concern.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:03 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares are falling after the company announced a global refinancing initiative, including a $275 million convertible senior notes offering and new credit facilities. The proceeds will be used to repurchase existing notes and refinance current loans. The company is also undergoing a restructuring effort to reduce expenses.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 3:56 pm

SPY

Fed's Barr indicates that interest-rate risk will persist and needs to be managed, suggesting that rates may need to stay high for longer than previously anticipated. He also emphasized the need to continue efforts to control inflation, while noting that the overall economy remains strong.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:52 pm

NNN

NNN REIT has filed for a notes offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 2:57 pm

SPY

Federal Reserve Governor Christopher Waller stated that the timing of interest rate cuts will depend on economic data. This approach is also being adopted by other central banks globally.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:45 pm

SPY

Federal Reserve's Waller indicates that the probability of a recession has diminished, and the 10-year Treasury rate has increased. He highlights the challenges in understanding the speed of rate hikes versus expected rate cuts and the difficulty in measuring R Star, leading to a more cautious approach.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:32 pm

BL

BlackLine has announced a proposed private offering of $500 million in convertible senior notes due 2029, with an option for the initial purchaser to buy an additional $75 million. The notes will be convertible into cash, shares of BlackLine's common stock, or a combination of both.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:44 am

OI

Owens-Brockway Glass Container (OBGC) has priced a private offering of $300 million in 7.375% senior notes due 2032. The net proceeds are expected to be approximately $297 million. The notes will be guaranteed by Owens-Illinois Group, Inc. (OI Group) and certain U.S. domestic subsidiaries. The offering is expected to close on May 30, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:59 am