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BXMT

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced a private offering of $450 million in senior secured notes due 2029. The proceeds will be used for general corporate purposes, including paying down existing secured debt.

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November 25, 2024 | 1:00 pm

NFG

National Fuel Gas (NFG) remains a strong buy due to its status as a dividend king with 54 years of increases, a 3.21% yield, and a BBB credit rating. Its mixed business model offers resilience and potential for significant cash injections. Despite higher commodity exposure, NFG's valuation is attractive with a P/E of 10-12x and potential for 19-25% annualized returns.

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November 25, 2024 | 6:15 am

CLPR

Clipper Realty is offering a 7.4% dividend yield, supported by free cash flow. However, the company's plan to sell 10 West 65th Street increases its office property exposure, which could impact its multifamily focus. Despite record revenue and improved cash flow, Clipper Realty faces financial uncertainty due to a $116.6 million accelerated loan payment.

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November 24, 2024 | 6:15 pm

ARCC

Ares Capital (ARCC) has shown a sustained improvement in its risk profile, with a decrease in Grade 2 risk from 3% to 2.2%, indicating better recovery prospects. The Grade 4 risk remains stable, reflecting strong performance and positive trends. ARCC's portfolio is strong with limited risk of substantial non-accruals in the near term.

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November 24, 2024 | 5:30 pm

VPLS

VPLS is an actively managed ETF focusing on investment-grade bonds, offering a slightly above-average 4.4% forward yield and returns. It is similar to its benchmark but with slightly higher yield, returns, and credit risk.

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November 24, 2024 | 12:30 pm

DLX

Deluxe Corporation is diversifying into new growth areas, but its core checks business is declining. The company faces significant debt maturities by 2026, likely requiring refinancing at higher interest rates, which could negatively impact net income. Cost improvements are planned to unlock $80 million, but execution is crucial.

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November 24, 2024 | 10:00 am

MPW

Medical Properties Trust (MPW) is currently undervalued, trading at $4.30 per share, which is 34% below its 52-week high. The company offers a 7.44% dividend yield and has reduced its total debt to $9.2 billion. Despite facing significant debt maturities in 2025, MPW's market cap is at a 53% discount to its shareholders' equity, suggesting potential for price recovery.

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November 24, 2024 | 9:30 am

DTCFF

Defence Therapeutics Inc., a Canadian biopharmaceutical company, has closed its offering of unsecured convertible debentures, raising CAD$1,476,000 to settle outstanding debt.

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November 23, 2024 | 12:15 am

FRFHF

AM Best has assigned a 'bbb+' credit rating with a positive outlook to Fairfax Financial Holdings Limited's new senior unsecured notes. The notes include CAD 450 million due in 2034 and CAD 250 million due in 2054.

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November 22, 2024 | 8:30 pm

BRY

Berry Corporation has successfully managed its near-term debt maturities by securing a new term loan, which may mature in late 2029 if extended. The loan carries a high interest rate of Term SOFR + 7.5%.

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November 22, 2024 | 7:45 pm