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BG

Bunge has priced a $2 billion Senior Notes offering to support its acquisition of Viterra and repay part of Viterra's debt. The offering includes three tranches of unsecured notes due in 2028, 2029, and 2034.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:32 am

PHIN

PHINIA has announced the pricing of an upsized private offering of $450 million in senior notes due 2032. The proceeds will be used to repay existing borrowings, cover fees, and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:47 pm

CAR

Avis Budget Group's subsidiaries have priced a private offering of $700 million in 8.250% senior notes due 2030, marking a $200 million increase from the initial offering size. The notes are expected to close on September 13, 2024, and will be guaranteed by the company and certain U.S. subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:24 pm

KOS

Kosmos Energy has announced the pricing of $500 million of its 8.750% senior notes due in 2031. This move is part of the company's financial strategy to manage its debt and fund its operations.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 9:02 pm

AAT

American Assets Trust, Inc. has announced the pricing of a $525 million public offering of 6.150% senior unsecured notes due in 2034. The notes are priced at 99.671% of the principal amount and are expected to settle on September 17, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:32 pm

SAVE

Spirit Airlines has modified its card processing agreement with U.S. Bank National Association, extending the refinancing deadline for its senior secured notes to October 21, 2024. The agreement also includes a potential term extension until December 31, 2025, pending refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:15 pm

STAG

Stag Industrial has refinanced its $1 billion unsecured credit facility, which could impact its financial flexibility and interest expenses.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:13 pm

WYNN

Wynn Resorts has announced the pricing of an $800 million private offering of 6.250% senior notes due in 2033 through Wynn Resorts Finance. This move is likely aimed at refinancing existing debt or funding new projects.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:03 pm

VSAT

ViaSat shares declined after the company announced a $1.25 billion private placement of senior secured notes to repay debt.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 6:16 pm

EGIO

Edgio Inc (NASDAQ:EGIO) has filed for Chapter 11 bankruptcy, causing its stock to plummet by 34% to $0.80. The company plans to sell its business while continuing operations, supported by a $110 million credit bid from Lynrock Lake Master Fund LP and $15.6 million in DIP financing.

Portfolio Pulse from Henry Khederian

September 10, 2024 | 5:48 pm