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STT

State Street Corporation has issued $2.25 billion in senior debt through its principal banking subsidiary, State Street Bank and Trust Company. The issuance aligns with the company's inclusion, diversity, and equity efforts.

Portfolio Pulse from

November 25, 2024 | 10:15 pm

CLMT

Calumet, Inc. has announced the settlement of its exchange offer for its 11.00% Senior Notes due 2025, exchanging them for new notes due 2026. Additionally, Calumet has issued a notice of full redemption for the remaining 2025 notes.

Portfolio Pulse from

November 25, 2024 | 9:45 pm

BXMT

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the pricing of a $450 million private offering of 7.750% senior secured notes due 2029. The proceeds will be used for general corporate purposes, including paying down existing secured debt. The offering is expected to close on December 10, 2024.

Portfolio Pulse from

November 25, 2024 | 9:30 pm

GTY

Getty Realty Corp. has successfully closed a $125 million private placement of senior unsecured notes, with $50 million maturing in 2029 at a 5.52% fixed rate and $75 million maturing in 2032 at a 5.70% fixed rate.

Portfolio Pulse from

November 25, 2024 | 9:15 pm

FMCC

Greystone has provided a $26 million Freddie Mac loan to refinance a 180-unit multifamily property in Myrtle Beach, South Carolina. The financing was originated by Avi Kozlowski for Eskay Management.

Portfolio Pulse from

November 25, 2024 | 7:15 pm

CCL

Carnival Corporation (CCL) is experiencing upward trends in earnings estimates due to strong demand, effective marketing strategies, debt reduction focus, and cost-saving initiatives.

Portfolio Pulse from

November 25, 2024 | 6:00 pm

SVM

Silvercorp Metals Inc. has closed a US$150 million convertible senior notes offering, with plans to use the proceeds for mining projects outside China and other developments.

Portfolio Pulse from

November 25, 2024 | 4:15 pm

JNK

JNK, an ETF providing exposure to high-yield junk bonds, faces high credit and refinancing risks amid current economic conditions. Despite its long-term performance, its risk-reward profile is less attractive due to restrictive interest rates and potential economic downturns. Underweighting JNK and overweighting long-term treasuries is advised.

Portfolio Pulse from

November 25, 2024 | 4:00 pm

COP

MRO

ConocoPhillips Company has announced exchange offers for debt securities, while Marathon Oil Corporation is conducting consent solicitations.

Portfolio Pulse from

November 25, 2024 | 2:00 pm