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Credit

WFC

Wells Fargo's CFO, Mike Santomassimo, reported at the Barclays Global Financial Services Conference that both consumers and commercial clients are performing well. However, there is a rise in loan delinquencies among low-income consumers.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:44 am

CAR

Avis Budget Group plans to offer $500 million of senior notes due in 2030 through a private offering. This move is likely aimed at refinancing existing debt or funding corporate activities.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 11:29 am

IGT

International Game Technology PLC (IGT) plans to issue new euro-denominated senior secured notes due 2030 to redeem $500M of its 2025 notes. The proceeds will also cover issuance costs and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 7:06 am

BTC-USD

Economist Peter Schiff warns that Federal Reserve rate cuts won't prevent a U.S. recession, suggesting the economy is already in one. He predicts rising long-term rates, inflation, and unemployment, indicating a bleak economic outlook.

Portfolio Pulse from Benzinga Neuro

September 10, 2024 | 5:23 am

TLT

Long-dated Treasury ETFs, particularly the iShares 20+ Year Treasury Bond ETF (TLT), have reached yearly highs as investors anticipate a favorable August CPI report. Economists and analysts expect continued moderation in inflation, which could influence Federal Reserve rate cut decisions.

Portfolio Pulse from Piero Cingari

September 09, 2024 | 8:34 pm

INVH

Invitation Homes has closed a $3.5 billion senior unsecured credit facility, which includes a $1.75 billion revolving line of credit and a $1.75 billion term loan. The proceeds will be used to repay a $2.5 billion unsecured term loan facility due in January 2026, enhancing the company's liquidity and growth flexibility.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:32 pm

DLR

Digital Realty has announced the pricing of €850 million of 3.875% Guaranteed Notes due 2033, issued by its subsidiary Digital Dutch Finco B.V. This move is part of its financial strategy to support its operations as a leading provider of data center solutions.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:24 pm

EGIO

Edgio Inc (NASDAQ:EGIO) shares plummeted 80% after the company filed for Chapter 11 bankruptcy to facilitate a business sale. Supported by Lynrock Lake Master Fund LP, Edgio entered a $110 million credit bid and secured $15.6 million in financing to maintain operations.

Portfolio Pulse from Henry Khederian

September 09, 2024 | 7:40 pm

VSAT

ViaSat shares are declining following the announcement of a $1.25 billion private placement of senior secured notes aimed at debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:36 pm

SPY

The USA consumer credit for July significantly exceeded expectations, coming in at $25.45 billion compared to the estimated $12.30 billion and the prior $8.93 billion.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:01 pm