Streetbeat News

Credit

GIB

CGI is issuing C$750 million in senior unsecured notes, with C$300 million in 3-year notes at 3.987% interest and C$450 million in 5-year notes at 4.147% interest.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:26 am

BA

DFEN

GCAD

ITA

MISL

PPA

Wells Fargo has downgraded Boeing's stock, citing potential delays in achieving its cash flow target and significant debt issues. Boeing's shares fell over 8%, impacting related aerospace and defense ETFs.

Portfolio Pulse from Michael Juliano

September 03, 2024 | 10:26 pm

GPOR

Gulfport Energy has announced the pricing of an upsized offering of $650 million in 6.75% senior notes due 2029, increased from the previously announced $500 million, in a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 9:22 pm

MGM

MGM Resorts has increased its public offering of senior notes from $675 million to $850 million, with a 6.125% interest rate due in 2029. The transaction is expected to close on September 17, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:19 pm

AER

AerCap Holdings N.V. has announced the pricing of $2.4 billion in senior notes through its subsidiaries. The proceeds will be used for general corporate purposes, including aircraft asset management and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:13 pm

TGT

Target Corporation has filed a final term sheet with the SEC for the issuance of $750 million in 4.500% notes due in 2034.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:50 pm

GME

GameStop (NYSE:GME) shares are rising due to several recent developments. The company terminated a $250 million credit facility with Wells Fargo, is converting locations to retro gaming stores, and will release Q2 financial results on Sept. 10. Analysts expect a loss of 9 cents per share and $895.67 million in revenue. GME stock is up 11% over the past five days.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 7:39 pm

UEIC

Universal Electronics' unit has entered into a line of credit agreement, a maximum mortgage contract, and a working capital loan contract with the Bank of China. The unit is allowed to borrow up to RMB80 million for general business purposes until July 24, 2025.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:36 pm

RADCQ

Rite Aid has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy. The company now has a more efficient operating model, less debt, and additional financial resources, positioning it as a stronger entity with a focused portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:04 pm

MTB

JPMorgan analyst Steven Alexopoulos upgraded M&T Bank (NYSE:MTB) from Neutral to Overweight, raising the price target from $183 to $215. The analyst believes that the Federal Reserve's potential rate cuts could improve M&T Bank's credit metrics and earnings growth, leading to stock outperformance.

Portfolio Pulse from Priya Nigam

September 03, 2024 | 4:04 pm