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Credit

ICD

Independence Contract Drilling, Inc. (ICD) has engaged Piper Sandler & Co. as a financial advisor to assist its Strategic Alternatives Committee in evaluating refinancing options for its convertible notes and other strategic opportunities. The outcome of this process is uncertain, and ICD will only disclose developments if deemed appropriate or necessary.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:06 pm

EC

Ecopetrol has received approval for a debt management transaction valued at $1.2 billion. This strategic financial move is aimed at optimizing the company's debt profile.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:39 am

CMPS

CYBN

MNMD

PSIL

Cybin Inc. received FDA Breakthrough Therapy designation for its psilocybin therapy for Major Depressive Disorder, alongside positive clinical data and a $150M private placement. MindMed also received the designation for its LSD-derived treatment for Generalized Anxiety Disorder, with expected proceeds of $175M from share offerings. Gilgamesh Pharmaceuticals was awarded a $14M grant for ibogaine analog research. Psyence Biomedical, Red Light Holland, and Clearmind Medicine were mentioned for their developments in psychedelics. The article also covered stock performances of several psychedelics companies.

Portfolio Pulse from Lara Goldstein

March 20, 2024 | 6:49 pm

SPY

Fed Chair Powell highlighted that GDP growth has been supported by robust consumer demand and improving supply chains. However, he also noted that elevated interest rates have negatively impacted business fixed income investment.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:35 pm

SPY

The Federal Reserve has updated its projections, indicating a higher longer-term policy rate of 2.6%, up from 2.5% in December. The Fed acknowledges that inflation has cooled over the past year but remains 'elevated'.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:03 pm

CNHI

CNH Industrial's subsidiary has successfully priced $600 million in aggregate principal amount of 5.100% notes due in 2029. This financial move could indicate the company's strategy for managing its capital structure and future investments.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:34 pm

MRK

Merck & Co Inc has filed for a debt shelf with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:02 pm

AZN

AstraZeneca has filed for a debt shelf with the SEC, although the size of the offering has not been disclosed. This move allows the company to issue debt securities in the future as needed.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 9:00 pm

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