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Credit

SPY

Federal Reserve's Collins suggests that it will soon be appropriate to begin cutting interest rates. The approach will be gradual and methodical once a different policy stance is adopted.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:55 pm

SPY

Federal Reserve's Collins indicates that future rate cuts will be guided by data, with current inflation data suggesting increased confidence in returning to a 2% target.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:54 pm

EC

Ecopetrol has secured authorization for a loan of up to $250 million from an international bank. The loan has a five-year term with a variable interest rate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:41 am

SPY

The Federal Reserve's July meeting minutes reveal that a majority of members support easing monetary policy if economic data aligns, due to confidence in inflation moving towards 2% and increased employment risks. Some members backed a 25-basis-point rate cut.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 6:02 pm

GRFS

Brookfield Asset Management is negotiating $10.6 billion in debt financing for a potential acquisition of Grifols SA, a Spanish pharmaceutical company. This move could lead to significant financial restructuring and has already impacted Grifols' bond and stock prices.

Portfolio Pulse from Vandana Singh

August 21, 2024 | 3:32 pm

CMAX

CareMax has drawn $3 million under its credit facility to cover short-term operating expenses. The company is exploring cost reductions, refinancing, and strategic alternatives to avoid Chapter 11 bankruptcy, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:20 pm

EB

Eventbrite has entered into privately negotiated repurchase transactions with certain holders of its 5.00% Convertible Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:39 am

DY

SAMM

SMCO

Dycom Industries reported strong Q2 FY25 results with a 15.5% increase in contract revenue and an adjusted EPS of $2.46, beating expectations. The company revised its credit agreement and announced the acquisition of Black & Veatch’s telecom infrastructure business, expected to significantly boost future revenues. Despite positive results, Dycom shares fell 1.13% premarket.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 11:12 am

KR

Kroger has announced the pricing of $10.5 billion in senior notes, with proceeds intended to fund part of its proposed merger with Albertsons Companies, Inc. The notes have varying maturities and interest rates, with settlement expected by August 2024.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:46 pm

STT

State Street Corporation has announced the issuance of $1 billion in aggregate principal amount of senior debt. This move is likely aimed at raising capital for corporate purposes, which could include refinancing existing debt or funding new projects.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:46 pm