Streetbeat News

Credit

ATRO

Astronics Corporation has announced the pricing of a $150 million convertible senior notes offering. This financial move is significant for the company's capital structure and future financial strategies.

Portfolio Pulse from

November 26, 2024 | 1:45 pm

EFX

Interest rate cuts are beginning to ease the consumer credit burden, particularly for mortgage holders. However, affordability challenges remain for Newcomers to Canada and New to Credit consumers.

Portfolio Pulse from

November 26, 2024 | 10:15 am

DB

Scott Bessent's appointment as Treasury Secretary is expected to bring a balanced approach to Trump's trade policies, focusing on strategic tariff use and economic growth. His stance on the Federal Reserve and debt management could influence market stability.

Portfolio Pulse from

November 26, 2024 | 10:15 am

CRARY

Credit Agricole has been moved up the list of global systemically important banks by the Financial Stability Board, indicating its increased importance in the global financial system.

Portfolio Pulse from

November 26, 2024 | 9:45 am

HIO

HIO is a diversified fixed income CEF with a focus on U.S. high-yield bonds. It has shown strong returns but lags over the long term. Tight credit spreads suggest caution, with a recommendation to reduce exposure and re-enter after a 10% price drop.

Portfolio Pulse from

November 26, 2024 | 8:30 am

IFF

Roquette has completed a EUR 1.2 billion bond offering to fund its acquisition of IFF Pharma Solutions. This move is part of Roquette's strategy to transform its business.

Portfolio Pulse from

November 26, 2024 | 8:00 am

CNQ

Canadian Natural Resources (CNQ) is focusing on shareholder value through efficient operations, strong asset base, and disciplined capital allocation. The company maintains a robust financial position with low leverage and ample liquidity, supporting strategic investments and acquisitions. CNQ offers a 4.62% forward dividend yield and a 22.7% five-year dividend CAGR, appealing to dividend growth investors.

Portfolio Pulse from

November 26, 2024 | 4:00 am

KBDC

Kayne Anderson BDC, Inc. has amended its corporate credit facility, extending the maturity date and reducing borrowing costs. The facility now includes a new lender, with $400 million commitments extended to 2029 and an additional $75 million commitment maturing in 2027.

Portfolio Pulse from

November 26, 2024 | 12:30 am

ML

MoneyLion Inc. has successfully completed a $70 million loan facility with Silicon Valley Bank to refinance its existing senior debt, aiming to lower its cost of capital.

Portfolio Pulse from

November 25, 2024 | 11:30 pm