Streetbeat News

Credit

EWG

Germany's 10-Year Bund auction yield has decreased to 2.640% from the previous 2.900%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:42 am

PAC

Grupo Aeroportuario Del Pacifico has secured a Ps. 1.5B credit line from Banco Santander. This financial move could provide the company with additional liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:29 am

ARES

Ares Management has priced its $500M 6.375% senior notes due 2028. The notes will bear interest semi-annually and the net proceeds from the offering will be approximately $496.0 million. The company plans to use the proceeds for general corporate purposes, including debt repayment and funding growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:25 am

LNT

Alliant Energy Finance, a subsidiary of Alliant Energy Corporation, has announced the pricing of a private offering of $300 million aggregate principal amount of 5.950% senior unsecured notes, due on March 30, 2029. The proceeds from the offering will be used to reduce the company's outstanding commercial paper and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:20 am

AAPL

AXP

GM

GS

Goldman Sachs is reportedly preparing to sell its General Motors credit card program, reflecting a broader reassessment of its consumer lending efforts. The bank has also been in discussions with American Express regarding interest in the Apple card program. This move follows Goldman Sachs's downsizing of its consumer-lending division, including the sale of specialty lender GreenSky and most of the personal loan portfolio.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 5:10 am

PFMT

Performant Financial has updated its FY23 revenue guidance to $111.75M-$118M, compared to the estimated $112.7M. The company maintains its annual healthcare market guidance of $105M-$110M and customer care market revenues of $6.75M-$8M. The company is also excited about its new credit agreement which provides increased flexibility to grow the business.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:04 am

CURO

CURO Group Holdings Corp. (NYSE:CURO) has closed two non-recourse facilities and Flexiti escrow. The company's subsidiary, Heights Financing II, LLC, entered into a new $140 million asset-backed warehouse facility to finance future loans, which can be increased to $175 million under certain conditions. Another subsidiary, CURO Canada Receivables II Limited Partnership, amended its existing Canadian revolving credit facility to increase the commitments of the lenders by C$40 million. CURO also received approximately C$27 million from Questrade as part of the purchase price for Flexiti.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:50 pm

LDI

LoanDepot has projected its Q4 origination volume to be between $4 billion and $6 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:18 pm

COTY

Coty Inc. has announced cash tender offers for up to $400 million of its outstanding debt securities. The offer includes up to $150 million of the company's 6.500% Senior Notes due 2026 and up to $250 million of the company's 5.000% Senior Notes due 2026. This move is a continuation of Coty's deleveraging agenda.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 9:50 pm

SPY

USA Consumer Credit for September was reported at $9.06 billion, lower than the estimated $10 billion and significantly higher than the previous month's $-15.79 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 8:01 pm