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PFGC

Performance Food Group Company (PFGC) plans to offer $1 billion in Senior Notes due 2032 to finance its acquisition of Cheney Bros, Inc. The proceeds will also cover related fees and expenses, with temporary use for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:14 pm

NEOV

NeoVolta has secured a $5 million line of credit from National Energy Modelers, which could enhance its financial flexibility and support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:49 pm

ICU

SeaStar Medical has eliminated all its long-term debt, which strengthens its financial position to support business growth and provide life-saving solutions for critically ill patients.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:36 pm

CRGY

Crescent Energy's indirect subsidiary plans to offer $250 million in 7.375% senior notes due 2033 in a private placement to eligible purchasers.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:55 am

SHFS

Safe Harbor Financial, a subsidiary of SHF Holdings, Inc. (NASDAQ:SHFS), has restructured executive contracts to save $350,000. The restructuring includes extending contracts for key executives and shifting compensation towards performance-based incentives.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 11:35 am

MALRF

Trafigura has been identified as the client behind Mineral Resources' $400 million prepayment deal for iron ore. This deal ensures a stable supply chain for Trafigura from 2026 to 2028. Mineral Resources is dealing with rising debt and low profit margins, while the iron ore market faces challenges due to weak demand.

Portfolio Pulse from Stjepan Kalinic

September 04, 2024 | 11:22 am

KIM

Kimco Realty has increased its unsecured term loan from $500 million to $550 million, indicating a strategic financial move to enhance liquidity or fund potential investments.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:51 am

WWR

Westwater Resources has announced a term sheet and exclusivity agreement with a global financial institution for a $150 million secured debt facility. This funding will be used to complete Phase I of the Kellyton Plant construction.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:47 am

QSR

Restaurant Brands International (QSR) has priced $500M in 5.625% First Lien Senior Secured Notes due 2029 to redeem its 2025 debt. The move is expected to be neutral to net leverage and accretive to interest expense.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:35 am

NCLH

NCL Corporation has announced the pricing of $315 million in 6.250% Senior Notes due 2030, with plans to use the proceeds to redeem existing 2024 Senior Notes. The offering is expected to close on September 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:31 am