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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

ARKF

BUZZ

FINX

GABF

NAVI

RVER

SLM

SOFI

The Biden administration's moratorium on reporting late student loan payments ends soon, potentially impacting the credit ratings of 9.7 million borrowers. This could affect their ability to secure loans and rental agreements. The end of this provision has influenced the stock prices of student loan servicers and related ETFs.

Portfolio Pulse from Michael Juliano

September 09, 2024 | 6:52 pm

RILY

B. Riley Financial shares rose by 11.1% after announcing strategic initiatives, including selling a majority stake in Great American Group and securing $236 million in debt financing. These moves aim to generate $410 million in cash to reduce senior secured debt to $125 million by 2024.

Portfolio Pulse from Vaishali Prayag

September 09, 2024 | 6:13 pm

RILY

B. Riley Financial's shares rose following the announcement of selling its majority stake in Great American Group for $380 million and engaging in $236 million debt financing for its brands portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:10 pm

C

SPY

Citi's CFO anticipates a soft landing with falling interest rates, increased M&A activity, and a shift in consumer credit card spending from discretionary to staples. While delinquencies are rising, they are expected to stabilize.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:43 pm