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BWMN

Bowman Consulting has entered into a revolving credit agreement totaling $100 million with Bank of America as the administrative agent and TD Bank as the syndication agent. This financial maneuver provides Bowman with increased liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:15 am

SPY

TLT

Federal Reserve Chairman Jerome Powell signaled a cautious approach to monetary policy, suggesting interest rates may hold steady, with potential rate cuts once inflation targets are met. This stance led to a drop in Treasury yields and gains for the iShares 20+ Year Treasury Bond ETF (TLT), while the SPDR S&P 500 ETF Trust (SPY) saw a slight decline. Analysts from Bank of America, Goldman Sachs, ING, and Citi provided varied forecasts on the timing and extent of expected rate cuts.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 1:45 pm

D

Dominion Energy has reaffirmed its FY24 adjusted EPS outlook of $2.62-$2.87, aligning with the $2.86 estimate. Additionally, the company maintains its FY25 EPS guidance of $3.25-$3.54 and reiterates its financial guidance from the March 1, 2024 investor meeting, covering earnings, credit, and dividends.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:39 am

NVCR

Novocure has obtained a $400 million multi-tranche non-dilutive debt financing from Pharmakon. This strategic financial maneuver is aimed at bolstering Novocure's balance sheet and supporting its ongoing and future operational activities without diluting current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:37 am

NVCR

Novocure has obtained a $400M non-dilutive debt financing from Pharmakon to support its working capital needs, particularly for the anticipated launch in non-small cell lung cancer, and to settle its convertible notes upon maturity.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:18 am

BTCUSD

Ray Dalio supports Larry Summers' view that the Federal Reserve is in a precarious position regarding potential rate cuts amidst inflation concerns. Summers points to rising Employment Cost Index and housing price inflation as indicators that inflation targets are not being met, suggesting the Fed should be cautious about easing monetary policies. The Fed's decision to maintain interest rates aims to allow more time for current policies to achieve a 2% inflation goal, amidst market volatility and criticism from economists like Peter Schiff.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 3:42 am

SPY

Fed Chair Powell stated the Federal Reserve requires more confidence in inflation trends before considering rate cuts. Despite not seeing progress in Q1, he did not specify a timeline for potential rate reductions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:49 pm

GETR

Getaround's shares increased after the company announced the expansion of its existing debt facility with Mudrick Capital Management, providing up to $50M in additional capital.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:34 pm

RIG

Transocean has announced a consent solicitation for its 8.375% Senior Secured Notes due 2028, indicating a proactive approach to managing its debt obligations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:46 am

ICLR

ICON plc (NASDAQ:ICLR) announced the pricing of a $2 billion bond offering through its subsidiary, ICON Investments Six Designated Activity Company. The offering includes three sets of Senior Secured Notes due in 2027, 2029, and 2034, with interest rates ranging from 5.809% to 6.000%. These notes are guaranteed by ICON and its subsidiaries in the US, Ireland, and Luxembourg, ranking equally with ICON's existing senior debt. The offering is set to close on May 8, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:45 pm