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RYAN

Ryan Specialty plans to offer up to $500 million in senior secured notes due 2032 in a private offering. This move is likely aimed at raising capital for business operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:28 am

VRNS

Varonis Systems plans to offer $350 million of convertible senior notes due 2029 in a private offering. This move is likely aimed at raising capital for corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:22 am

CRGY

Crescent Energy has announced the pricing of a $250 million private placement of 7.375% senior notes due in 2033. This move is likely aimed at raising capital for future investments or debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:48 am

T

AT&T is progressing on its sustainable growth strategy, maintaining its 2024 capital investment forecast at $21-22 billion for 5G and fiber. The company aims for $2 billion+ in cost savings by mid-2026 and targets a net-debt to adjusted EBITDA ratio of 2.5x by early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:09 pm

M

Macy's Retail Holdings, a subsidiary of Macy's, has initiated a $220 million cash tender offer to purchase outstanding notes, prioritizing them as listed.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:31 pm

PFGC

Performance Food Group (PFGC) has announced the pricing of a $1 billion offering of 6.125% senior notes due 2032. The proceeds will be used to fund the acquisition of Cheney Brothers and related costs. The closing of this transaction is expected on September 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:25 pm

BMRN

BioMarin Pharmaceutical has announced that it will have the ability to draw funds at its discretion from a revolving credit facility until its maturity on August 28, 2029, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:58 pm

BMRN

BioMarin Pharmaceutical has entered into a credit agreement for up to $600 million in revolving loans, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:56 pm

MITK

Mitek Systems (NASDAQ:MITK) has seen a shift in analyst ratings over the past quarter, with a decrease in average price targets from $19.50 to $12.12. Analysts have lowered their ratings, reflecting changing market dynamics and company performance. Despite strong financial metrics like net margin and ROE, Mitek faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:00 pm

FNF

Fidelity National Finl (NYSE:FNF) has been analyzed by 8 analysts, showing a range of ratings from bullish to indifferent. The average 12-month price target has increased by 2.58% to $59.62. Analysts have adjusted their ratings and price targets, reflecting their views on the company's performance. FNF's market cap is below industry averages, with a revenue growth rate of 1.22% and a net margin of 10.0%. The company has a high debt-to-equity ratio, indicating financial risk.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:00 pm