Streetbeat News

Credit

SBEV

Splash Beverage Group, Inc. (NYSE:SBEV) has entered a non-binding Term Sheet to fund acquisitions. The Credit Facility will provide acquisition financing at the current Euribor rate plus 1.5% and will mature in 7 to 10 years. The company intends to target brands with revenues between $20 million and $75 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 1:30 pm

TPHS

Trinity Place Holdings (TPHS) has announced a forbearance agreement effective from September 1, with the forbearance period ending on the earliest of November 15, 2023.

Portfolio Pulse from Charles Gross

September 07, 2023 | 10:16 am

EWU

The Bank of England has increased its mortgage rate from 7.60% to 7.85% on August 7.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:03 am

NA

Nano Labs has entered into agreements to exchange $10 million in loans for Class A ordinary shares. The company has not disclosed the number of shares or the price per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:18 am

BKH

Black Hills Corp. has priced a $450 million public debt offering of 6.15% senior unsecured notes due May 15, 2034.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:31 am

STX

Seagate Technology's subsidiary, Seagate HDD Cayman, plans to offer $1.3 billion in exchangeable senior notes due 2028 in a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:13 am

SOFI

Bank of America Securities analyst Mihir Bhatia has noted an uptrend in student loan repayments, which could benefit companies like SoFi Technologies Inc. The analyst observed that Department of Education deposits for August were the highest since March 2020. Bhatia suggests that borrowers might be trying to get ahead or are refinancing their student loans. SoFi, which held 40% of the market share in private student loan refinancing pre-pandemic and now boasts a 60% dominance, could see a boost from this trend. SoFi's loan originations for Q3 soared to $1.1 billion, up from $395 million in the previous quarter.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 9:37 pm

IRS

IRSA has announced its FY23 results, recording a profit of ARS 58,094 million, 22.8% lower than FY22. Rental adjusted EBITDA increased by 24.9% driven by the Shopping Centers and Hotels segments. Mall tenant sales grew by 16.0% and occupancy reached 97.4%. The company sold properties for a total of USD 163.7 million and reduced net debt by 67% since 2020. Dividends were distributed twice this fiscal year for a total of USD 124.1 million and the company repurchased 1.7% of its capital stock.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:07 pm

XLRE

XLY

The Federal Reserve Beige Book reveals a moderate growth pace in the economy during July and August, but also shows signs of a slowdown in discretionary consumer spending. Consumers are increasingly resorting to borrowing to sustain their spending patterns, which could impact companies in the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY). The report also highlights challenges in the housing market, which could affect the Real Estate Select Sector SPDR Fund (NYSE:XLRE).

Portfolio Pulse from Piero Cingari

September 06, 2023 | 6:44 pm

NBXG

E-commerce finance provider Wayflyer has signed a $1 billion off-balance sheet funding deal with investment firm Neuberger Berman (NYSE:NBXG). The funding will support Wayflyer's growth and expand its financing solutions. The agreement involves a potential acquisition of up to $1 billion in assets from funds administered by Neuberger Berman, with no specified timeframe for the transaction.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 6:09 pm