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Credit

CRGY

Crescent Energy Company (CRGY) announced the pricing of a $700M private placement of 7.625% Senior Notes due 2032, to close on March 26, 2024. The proceeds, along with additional borrowings, will fund the purchase and potential full redemption of its outstanding 7.250% Senior Notes due 2026. The offering aims at qualified institutional buyers and non-US persons, under specific regulations.

Portfolio Pulse from Happy Mohamed

March 19, 2024 | 8:42 pm

GAMB

Gambling.com Group has secured a new $50 million credit facility, enhancing its financial flexibility and capacity for strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:06 pm

FUSN

GWAV

PRSO

SEEL

SPIR

Peraso Inc. reported worse-than-expected Q4 EPS results, causing its shares to fall by over 23%. Other stocks experienced significant movements, with notable gainers including Ontrak, Fusion Pharmaceuticals, and Spire Global, among others. Losers included Greenwave Technology Solutions, Seelos Therapeutics, and Comtech Telecommunications, with various reasons such as disappointing financial results, downgrades, and restructuring of debt.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 5:48 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading mixed amid a wider market correction, with predictions of Bitcoin rallying to $160K. In the US market, DLocal reported mixed Q4 results, joining other stocks moving lower. Global and US political developments include discussions on property seizures, social media censorship, and international tensions. The US and world economy show signs of strength and challenges, with rate changes and legal issues for companies like Evergrande. In tech, AI's impact on companies like Apple, Nvidia, and Tesla is highlighted, alongside discussions on electric vehicles and cybersecurity collaborations. Consumer, communication, industrial, and healthcare sectors also saw significant news.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 1:17 pm

GWAV

Greenwave Technology Solutions' shares are trading lower following the company's announcement of restructuring its senior secured debt.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:12 pm

CRGY

Crescent Energy Company (CRGY) announced its subsidiary plans to offer $700M in Senior Notes due 2032 in a private placement, guaranteed by its subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:44 am

FSR

NKLA

Nikola Corp (NASDAQ:NKLA) shares dropped 5% to $0.61 amid broader EV sector volatility and news of peer Fisker Inc (NYSE:FSR) potentially facing bankruptcy. Fisker's financial instability could negatively impact investor confidence in the EV sector, including Nikola. Fisker also announced a $150 million financing commitment, subject to conditions. Nikola's stock performance is influenced by sector trends, with a 52-week range of $0.52 to $3.71.

Portfolio Pulse from Henry Khederian

March 18, 2024 | 7:57 pm

AMC

DISH

SWK

TDY

Investor interest in high-yielding corporate bonds is increasing as expectations grow for the Federal Reserve to cut rates later this year. This trend is driven by a desire to lock in high interest rates and a change in Moody's rating approach, boosting demand for riskier, high-yield bonds. Companies like AMC Entertainment, Stanley Black & Decker, and Teledyne Technologies are among those offering the highest yields, indicating a higher risk of default but potentially higher returns for investors.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 6:21 pm

CEG

Constellation (NASDAQ:CEG) has issued the first corporate green bond in the U.S. for $900 million with a 30-year term to finance nuclear energy projects. This initiative underscores the role of nuclear energy in achieving sustainability goals and marks a significant step in green financing. The bond will fund investments in maintenance, expansion, and life extensions of nuclear power generation. Crédit Agricole CIB served as the Green Structuring agent for this offering, which aligns with the Green Bond Principles and Green Loan Principles.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:22 pm

BLUE

HTGC

bluebird bio has entered into a $175 million five-year term loan facility with Hercules Capital. This financial move is aimed at bolstering bluebird bio's financial position and supporting its ongoing operations and projects.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 12:11 pm