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TCOM

Trip.com Group has announced a proposed offering of $1.3 billion in convertible senior notes due 2029. The proceeds will be used for debt repayment, overseas business expansion, and working capital.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:05 am

RPRX

Royalty Pharma has announced the pricing of a $1.5 billion offering of senior unsecured notes, expected to close on June 10, 2024. The proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:18 pm

H

Hyatt Hotels has announced the pricing of a public offering of $450 million in senior notes due 2029 and $350 million in senior notes due 2034. The offering is expected to close on June 17, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 9:14 pm

LNT

Alliant Energy Finance has announced the pricing of a private offering of $375 million in 5.400% senior unsecured notes, due June 6, 2027. The offering is expected to close on June 6, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:49 pm

GWAV

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares are trading lower after a 1-for-150 reverse stock split. The split reduced the number of shares from approximately 1.13 billion to 7.55 million. The company aims to increase its per-share price to meet Nasdaq's listing requirements. Additionally, Greenwave has retired all convertible debt and preferred shares, eliminating $35.2 million in debt since early 2024.

Portfolio Pulse from Erica Kollmann

June 03, 2024 | 6:37 pm

PNW

Pinnacle West Capital shares are trading lower following the announcement of a proposed $450 million offering of convertible senior notes due 2027, intended for debt repayment.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:23 pm

TLT

UUP

U.S. manufacturing activity contracted more than expected in May, leading to a decline in Treasury yields and a weakening of the U.S. dollar. The iShares 20+ Year Treasury Bond ETF (TLT) rallied by 0.9%, while the Invesco DB USD Index Bullish Fund ETF (UUP) fell by 0.4%. Traders increased their bets on a September rate cut.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 3:50 pm

SPWR

SunPower Corp (NASDAQ:SPWR) shares are trading higher after the company announced a $50 million draw from its second lien term loan to support business operations. The company also issued warrants to Sol Holding and is working to finalize its restated financial filings.

Portfolio Pulse from Adam Eckert

June 03, 2024 | 2:59 pm

SPWR

SunPower has drawn upon a $50 million second tranche of a $175 million second lien term loan from Sol Holding. This move is part of their ongoing financial strategy.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:09 pm

FYBR

Frontier Communications Parent, Inc. (NASDAQ:FYBR) plans to offer $750 million in secured fiber network revenue term notes, with repayment anticipated in May 2031. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in fiber expansion and copper migration strategies.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:29 pm