Streetbeat News

Credit

FCNCA

First Citizens Bancshares (FCNCA) is facing economic challenges due to its commercial focus and rate sensitivity, with weaker loan demand and lower rates threatening future expectations. Despite spread compression, fee-based income is growing, and credit costs are under control. Economic uncertainty leads to conservative estimates for 2025-2027.

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March 14, 2025 | 1:45 pm

SUNE

SUNation Energy, Inc. has fully repaid $9.4 million in senior and junior secured debt ahead of their maturity dates, improving its financial position.

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March 14, 2025 | 1:00 pm

KNTK

Kinetik Holdings Inc. announced a $250 million private placement of 6.625% sustainability-linked senior notes due 2028. The offering is subject to market conditions and will be conducted under Rule 144A and Regulation S.

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March 14, 2025 | 12:00 pm

MRZLF

Mirasol Resources Ltd. has secured a $2 million loan from director John Tognetti, with a 10% annual interest rate, to be used for paying creditors and general working capital.

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March 14, 2025 | 11:15 am

OBE

Obsidian Energy has updated its offer to purchase $3.0 million of its outstanding 11.95% Senior Unsecured Notes due in 2027. This move is part of the company's financial strategy to manage its debt obligations.

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March 14, 2025 | 11:15 am

NGD

New Gold Inc. announced the expiration and results of its tender offer for its 7.50% Senior Notes due 2027. The offer, which began on March 4, 2025, expired on March 13, 2025.

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March 14, 2025 | 10:45 am

ITGR

Integer Holdings Corporation has announced an upsized and priced offering of $875 million in convertible senior notes due 2030, increased from the initially planned $750 million.

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March 14, 2025 | 3:45 am

LEGT

Legato Merger Corp. III has announced that its audited financial statements include a going concern opinion, indicating potential financial instability. This disclosure is required by NYSE American regulations and does not alter the company's financial statements.

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March 13, 2025 | 9:45 pm

GRHK

Greenhawk Resources Inc. has agreed to amend and restructure a $2.7 million convertible debenture with CG International Petroleum Corp. CGIP has secured a new credit facility to finance its Doba Basin project in Chad.

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March 13, 2025 | 9:30 pm

AGNC

The article discusses potential recession indicators, including job cuts by the U.S. federal government and possible trade wars due to tariffs. The Atlanta Federal Reserve's GDP growth estimate for Q1 has shifted from over 2% growth to a 2.4% decline.

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March 13, 2025 | 9:30 pm