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GME

GameStop has announced that its long-term debt is limited to a low-interest, unsecured term loan associated with the French government's response to COVID-19.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 10:10 am

EWU

The mortgage rate in the UK has been revised to 7.92% from the previously reported 7.93%.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 9:11 am

ALVO

Alvotech (NASDAQ:ALVO) has secured a $965 million refinancing deal led by GoldenTree Asset Management to improve its financial flexibility and support upcoming product launches. The deal includes a $900 million term loan and an optional $65 million term loan, both maturing in June 2029.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:03 am

GFL

GFL Environmental has priced a $500 million 6.625% Senior Notes due 2032 private offering. The proceeds will be used to redeem all of GFL's outstanding $500 million 4.250% Senior Secured Notes due 2025, including related fees and interest.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 7:17 am

QSR

Restaurant Brands International (RBI) has priced $1.2 billion in senior secured notes at 6.125% due 2029 to refinance part of its existing Term Loan B facility. Additionally, RBI will reprice its existing Term Loan B facility due September 2030 from SOFR plus 2.25% to SOFR plus 1.75%. These transactions are expected to be net leverage neutral and result in annualized net interest savings.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:59 am

UGI

UGI Corporation has announced the pricing of an upsized $610 million offering of 5.00% Convertible Senior Notes due 2028. These notes are senior, unsecured obligations and will accrue interest at a rate of 5.00% per annum, payable semi-annually. The notes will mature on June 1, 2028, unless repurchased or converted earlier.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:45 am

ET

Energy Transfer LP (NYSE:ET) has announced the pricing of $3.5 billion in senior notes and $400 million in fixed-to-fixed reset rate junior subordinated notes. The senior notes include $1 billion of 5.250% notes due 2029, $1.25 billion of 5.600% notes due 2034, and $1.25 billion of 6.050% notes due 2054. The junior subordinated notes are $400 million of 7.125% notes due 2054.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:43 am

HTZ

Hertz Global Holdings Inc (NASDAQ:HTZ) is reportedly seeking $700 million in secured debt and convertible notes to improve its financial position amid challenges with its electric vehicle (EV) strategy. The company plans to remove 30,000 EVs from its fleet due to high repair and operating costs, which have led to significant financial strain.

Portfolio Pulse from Anan Ashraf

June 07, 2024 | 6:39 am

FYBR

Frontier Communications Parent has announced the pricing of $750 million in secured fiber network revenue term notes. The notes include $530 million 6.3% Series 2024-1, Class A-2 term notes, $73 million 7.1% Series 2024-1, Class B term notes, and $147 million 11.4% Series 2024-1, Class C term notes, all with an anticipated repayment date in May 2031.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:44 pm

TRI

Thomson Reuters has filed for a $3 billion debt securities shelf, allowing the company to issue debt securities up to this amount over time. This move provides the company with financial flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:06 pm